MX GOLD CORP TSX-V: MXL

Bralorne

Overview

  • The Bralorne claims are located in southern British Columbia in the Lillooet Mining Division, 100 air miles northeast of Vancouver.
  • The property consists of 35 mineral tenures totalling 5,090 hectares ( 12,600 acres).
  • These mineral claims are adjacent to and surround Bralorne Mines Ltd’s property and are accessible by paved roads. The mineralization on the property of Bralorne Mines Ltd. is not necessarily indicative of the mineralization on the company’s Bralorne property.
  • The Bralorne mining camp historic gold production totalled 4.15 million ounces of gold mined from 52 separate veins.

History

The Bralorne Mining Camp contains the largest historic gold mines in the Canadian Cordillera, with past production of 4.15 million ounces of gold from 7.9 million tons containing .57 oz Au/t from 52 veins and over 40 years of production. The qualified person reviewing this disclosure has verified the years of production, however, neither Mx Gold Corp nor the qualified person reviewing this disclosure have verified the ounces, tonnage or grade produced from the Bralorne Mining Camp. The mineralization in the Bralorne mining camp is not necessarily indicative of the mineralization on the company’s Bralorne property. Extremely deep vein structure (>5,000 feet) points to long-term mining operations along with many remaining exploration targets. The operation closed due to low gold prices, but much mineralized material remained. Considerable ground was left unexplored between each historical operating mine.

MX Gold Corps’s Exploration Targets

There is one mineral occurrence indicated on MX GOLD CORP’s ground on the east side of the camp: Waterloo (Minfile No. 092JNE019, last edited September 1991). Waterloo exists as MX GOLD CORP’s main exploration target, starting with re-opening and sampling and looking for extensions. The Minfile appears to contain significant gold mineralization over narrow widths exposed in old mine workings.

On the south end of the MX GOLD property, the Red Hawk/Dan Tucker occurrence (Minfile No. 092JNE012, lasted edited February 1991) is close to the company’s property. On the west side of MX GOLD’s property, the Stibnite (Minfile No. 092JNE058, last edited March 1991) is nearby and has stibnite-bearing quartz veins with minor gold in the Hurley sedimentary rocks. The reader is cautioned that mineralization on adjacent properties is not necessarily indicative of the mineralization on the company’s property. Following the Dan Tucker shear southward onto the properly with geochemistry or drilling, is another important exploration target. Also, prospecting and stream sediment geochemistry to the SE along the Bralorne trend add to the high-priority exploration target.

The summaries of the occurrences presented above are largely from the internet-accessible B.C. Government Ministry of Energy’s MINFILE Mineral Inventory database (http://minfile.ca).

Wayne Ash, P.Eng., is independent of MX GOLD CORP and is the qualified person who has reviewed and approved the technical disclosure on this page.