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Brookbank JV Properties



The Company retains a 21-26% Joint Venture interest in over 600 gold mining claims in the prolific Beardmore-Geraldton gold belt held by operator Greenstone Gold Mines. Metalore initially discovered the Brookbank main gold zone (within a 18 leased claim block) in the mid-1980's and subsequently acquired the majority of the present day claim position. Currently the Company retains a 1% NSR on the main gold bearing property of 18 leased claims. Combined, the Brookbank Properties have a NI 43-101 compliant resource estimated by Scott Wilson Roscoe Postle Associates Inc. (March 2009) containing 376,200 ounces of Indicated and 236,300 ounces of Inferred resources as seen in the Table below:


In their Dec 14 2012 technical report Micon International Limited gave the following In-pit and Underground classification tables for the Brookbank Resource

 
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