Braeval Mining Corp. Files Technical Reports on Mexico and Peru Projects and Reports Recent Drilling Results at Snow Mine
25.02.2013 | Marketwire
Editors Note: There is an image associated with this press release.TORONTO, 02/25/13 - Braeval Mining Corporation (TSX: BVL) ("Braeval Mining" or the "Company") is pleased to advise that it has today filed technical reports regarding the Guaynopa project in Mexico and Lithocaps project in Peru on www.sedar.com pursuant to National Instrument NI-43-101 - Standards of Disclosure for Mineral Projects. Braeval is also pleased to report information obtained from tunnel sampling and drilling work completed at its Snow Mine project.
Guaynopa Gold Skarn Project
The Guaynopa gold skarn project is located in the State of Chihuahua within the Sierra Madre Occidental precious metals mineral province of northern Mexico. The Corporation has optioned six mining concessions with a total area of 1,110.19 hectares in a region with known historic copper-gold workings.
Gold-bearing skarns at Guaynopa are observed in surface and old workings as tabular bodies attaining widths ranging from 1 to 10 meters and lengths from 2 to 50 meters. The skarn bodies are composed of massive magnetite with garnet and pyroxene. An overprinting hornblende-chlorite-calcite event contains 1% to 5% disseminated mixed sulphides (pyrite greater than chalcopyrite greater than pyrrhotite + galena + sphalerite). The observed assemblage is typical of oxidized magnetite-gold skarns. The magnetite-rich bodies can occur as vertical fault-controlled feeders, as steeply dipping bodies along contact zones with the intrusive rocks, as gently dipping bodies on the bottom or the top of diorite sills, or on the top of the main diorite stock. Many prospects are known to occur along the NW flank of the intrusive stock.
Rock sample analyses indicate that gold mineralization is restricted to the magnetite greater than garnet-pyroxene-amphibole skarn assemblage that contains 1% to 5% disseminated sulphides (pyrite greater than chalcopyrite greater than pyrrhotite), with gold values exceeding 2.5 g/t being accompanied by anomalous Cu-As-Mo-Bi-Ag contents. The best gold showings are located along the northern and western contacts between the diorite stock and its sedimentary host rocks. Other mineral occurrences were observed in veins, cutting the diorite stock at La Victoria prospect that is interpreted as an area with sub-horizontal sill bodies with potential to host high grade manto-type mineralization. Magnetic and IP geophysical surveys were completed on the Guaynopa project.
The geophysical grid consisted of a set of nineteen N/S lines spaced at 100 meters with an average line length of 3km. The magnetic survey totaled 51 line-km and the IP survey totaled 19.8 line-km.
The Morelos and Los Filos gold skarns in Guerrero are interpreted to be analogs for the Guaynopa skarn. Braeval Mining plans to carry out a drill program at Guaynopa to test outcropping and concealed gold skarn targets.
There are no mineral resource estimates at Guaynopa.
Lithocaps Project
The Huancavelica Lithocaps Project is located in the Provinces of Huancavelica and Castrovirreyna, Department of Huancavelica, Republic of Peru. The latitude and longitude for the Arcopunco Project is 13 degrees 2' 18"S, 75 degrees 2' 19"W, and the Terciopelo Project is at 12 degrees 56' 4"S, 75 degrees 2' 26"W. Altitudes in the project are between 3,600 m and 5,298 m above mean sea level. The project is about 245 km south east of Lima. Braeval Mining owns and has optioned 35 mining concessions and applications with a total area of 23,290 hectares. The projects are in the Huachocolpa mining district which has historical and active mining for silver, lead, zinc and copper.
The exploration targets in the Arcopunco and Terciopelo Projects are porphyry Cu +/- Mo +/- Au +/- Ag deposits concealed beneath extensive zones of lithologically controlled advanced argillic alteration known as lithocaps. The lithocaps contain high sulfidation epithermal gold-silver mineralization, on which exploration by a previous company was focused, with low grade results. The lithocaps at Arcopunco and Terciopelo have been fairly deeply eroded to remove most of the stratovolcano morphology and expose higher temperature advanced argillic mineral assemblages, as well as patchy and wormy texture alteration. Quartz veinlets are present in and below the patchy texture alteration at both projects, shown in outcrop at Arcopunco and in drill core at Terciopelo. Previous drilling at Terciopelo has shown that patchy texture alteration overlies a porphyry system with phyllic and potassic alteration, thus validating the exploration model. Molybdenum is anomalous in the deep lithocap of both systems, with up to 0.037% Mo over 6.2 m at Arcopunco and 0.037% Mo over 39.4 m at Terciopelo. Braeval Mining plans to carry out programs of deep drilling in the Lithocaps Project to test the porphyry targets.
There are no mineral resource estimates at the Lithocaps Project.
Snow Mine Project
The results obtained from underground workings and the first two diamond drill holes are presented below. The location of the mine samples and drill holes is shown on Figure 1.
- A total of 150 rocks samples were taken in five artisanal underground mines named La Virgen, Los Barrera, Los Chuchacos, Dios Es Amor and La Nevera. The samples are channel samples varying in width from 0.2 m to 2.5 m, with an average of 0.97 m, as well as some bulk samples of mine production and one select sample. The sample values are reported in the following table.
----------------------------------------------------------------------------
SAMPLE LENGTH WIDTH Au
Sample No EAST NORTH ELEVATION TYPE (m) (m) (g/t)
----------------------------------------------------------------------------
1021803 584,888.17 930,405.29 864.00 CHANNEL 1.08 0.2 6.846
----------------------------------------------------------------------------
1021804 584,887.98 930,406.35 864.00 CHANNEL 0.26 0.2 6.929
----------------------------------------------------------------------------
1021805 584,873.65 930,402.81 868.00 CHANNEL 1 0.2 7.475
----------------------------------------------------------------------------
1021806 584,874.62 930,402.69 868.00 CHANNEL 0.7 0.2 8.662
----------------------------------------------------------------------------
1021807 584,877.09 930,402.37 868.00 CHANNEL 0.6 0.2 5.879
----------------------------------------------------------------------------
1021808 584,878.47 930,402.40 868.85 CHANNEL 1.15 0.2 17.8
----------------------------------------------------------------------------
1021809 584,879.79 930,402.92 868.85 CHANNEL 1.1 0.2 60.4
----------------------------------------------------------------------------
1021810 584,881.54 930,405.80 868.85 CHANNEL 0.4 0.2 38.7
----------------------------------------------------------------------------
1021811 584,881.79 930,404.83 868.85 CHANNEL 1.05 0.2 6.582
----------------------------------------------------------------------------
1021812 584,882.08 930,403.72 868.85 CHANNEL 1.23 0.2 24.6
----------------------------------------------------------------------------
1021813 584,884.02 930,404.12 868.85 CHANNEL 0.7 0.2 23.7
----------------------------------------------------------------------------
1021814 584,885.99 930,404.65 868.85 CHANNEL 0.9 0.2 34.5
----------------------------------------------------------------------------
1021815 584,887.98 930,405.03 867.20 CHANNEL 1.26 0.2 22.3
----------------------------------------------------------------------------
1021816 584,889.81 930,405.86 868.85 CHANNEL 1.2 0.2 13.6
----------------------------------------------------------------------------
1021817 584,895.95 930,409.52 868.00 CHANNEL 1.8 0.2 2.574
----------------------------------------------------------------------------
1021818 584,894.18 930,407.54 868.85 CHANNEL 1 0.2 64.75
----------------------------------------------------------------------------
1021820 585,325.10 930,357.20 863.00 CHANNEL 0.35 0.2 36
----------------------------------------------------------------------------
1021821 585,327.97 930,358.66 863.00 CHANNEL 0.4 0.2 3.905
----------------------------------------------------------------------------
1021823 585,326.22 930,358.94 864.10 CHANNEL 0.2 0.2 6.241
----------------------------------------------------------------------------
1021827 585,316.01 930,358.02 866.70 CHANNEL 0.2 0.2 2.653
----------------------------------------------------------------------------
1021828 585,315.91 930,358.19 866.60 CHANNEL 0.38 0.2 0.041
----------------------------------------------------------------------------
1021829 585,314.53 930,357.54 866.70 CHANNEL 0.3 0.2 0.247
----------------------------------------------------------------------------
1021831 585,323.34 930,357.70 862.00 CHANNEL 0.4 0.2 0.259
----------------------------------------------------------------------------
1021832 585,323.20 930,358.07 861.83 CHANNEL 0.6 0.2 0.033
----------------------------------------------------------------------------
1021833 585,309.20 930,353.10 860.00 CHANNEL 0.36 0.2 15.7
----------------------------------------------------------------------------
1021834 585,309.01 930,353.41 859.82 CHANNEL 0.25 0.2 1.37
----------------------------------------------------------------------------
1021835 585,307.56 930,352.88 860.00 CHANNEL 0.35 0.2 0.227
----------------------------------------------------------------------------
1021836 585,304.85 930,353.15 862.00 CHANNEL 0.35 0.2 0.163
----------------------------------------------------------------------------
1021837 585,307.25 930,354.48 864.10 CHANNEL 0.25 0.2 0.452
----------------------------------------------------------------------------
1021838 585,314.43 930,416.55 865.00 CHANNEL 0.35 0.2 0.015
----------------------------------------------------------------------------
1021839 585,314.47 930,416.20 865.00 CHANNEL 1.8 0.2 0.415
----------------------------------------------------------------------------
1021840 585,314.62 930,414.42 864.94 CHANNEL 1.5 0.2 0.279
----------------------------------------------------------------------------
1021841 585,315.23 930,409.55 865.20 CHANNEL 1.6 0.2 1.661
----------------------------------------------------------------------------
1021842 585,315.51 930,407.98 865.15 CHANNEL 1.4 0.2 0.492
----------------------------------------------------------------------------
1021843 585,315.56 930,406.59 865.10 CHANNEL 2.5 0.2 0.942
----------------------------------------------------------------------------
1021844 585,315.78 930,404.11 865.01 CHANNEL 2.5 0.2 0.097
----------------------------------------------------------------------------
1021845 585,316.04 930,401.64 864.92 CHANNEL 1.45 0.2 0.029
----------------------------------------------------------------------------
1021846 585,316.09 930,400.20 864.87 CHANNEL 1.2 0.2 1.841
----------------------------------------------------------------------------
1021847 585,316.20 930,399.01 864.83 CHANNEL 2.3 0.2 0.609
----------------------------------------------------------------------------
1021848 585,316.32 930,396.73 864.75 CHANNEL 2.22 0.2 0.353
----------------------------------------------------------------------------
1021849 585,315.58 930,393.91 865.30 CHANNEL 0.57 0.2 0.141
----------------------------------------------------------------------------
1021851 585,315.97 930,383.91 864.30 CHANNEL 0.37 0.2 0.308
----------------------------------------------------------------------------
1021852 585,313.81 930,383.83 864.50 CHANNEL 0.5 0.2 0.539
----------------------------------------------------------------------------
1021853 585,318.27 930,383.88 864.30 CHANNEL 0.5 0.2 0.116
----------------------------------------------------------------------------
1021854 584,925.30 930,413.87 867.00 CHANNEL 1.43 0.2 31.7
----------------------------------------------------------------------------
1021856 584,919.71 930,413.31 871.00 CHANNEL 0.62 0.2 24.6
----------------------------------------------------------------------------
1021857 584,920.45 930,412.97 865.70 CHANNEL 0.87 0.2 135
----------------------------------------------------------------------------
1021858 584,911.34 930,411.85 865.00 CHANNEL 0.75 0.2 17.4
----------------------------------------------------------------------------
1021859 584,909.16 930,412.06 867.00 CHANNEL 0.76 0.2 3.319
----------------------------------------------------------------------------
1021861 584,914.72 930,412.13 867.55 CHANNEL 0.87 0.2 22.8
----------------------------------------------------------------------------
1021862 584,909.44 930,413.24 870.00 CHANNEL 0.92 0.2 2.81
----------------------------------------------------------------------------
1021864 584,907.17 930,413.22 871.81 CHANNEL 0.6 0.2 4.943
----------------------------------------------------------------------------
1021868 584,924.73 930,415.08 875.00 CHANNEL 1.8 0.2 14.2
----------------------------------------------------------------------------
1021869 584,923.69 930,415.05 875.75 CHANNEL 0.4 0.2 12
----------------------------------------------------------------------------
1021870 584,938.25 930,412.27 875.00 CHANNEL 0.4 0.2 47.4
----------------------------------------------------------------------------
1021872 584,925.05 930,409.59 875.75 CHANNEL 0.87 0.2 15.2
----------------------------------------------------------------------------
1021873 584,933.24 930,410.94 873.00 CHANNEL 0.6 0.2 30.3
----------------------------------------------------------------------------
1021874 584,915.90 930,409.82 873.00 CHANNEL 0.5 0.2 0.44
----------------------------------------------------------------------------
1021875 584,916.88 930,409.85 873.80 CHANNEL 0.25 0.2 39
----------------------------------------------------------------------------
1021876 584,919.60 930,409.70 865.00 CHANNEL 0.45 0.2 25.6
----------------------------------------------------------------------------
1021877 584,923.86 930,410.02 865.50 CHANNEL 0.4 0.2 8.486
----------------------------------------------------------------------------
1021878 584,928.69 930,411.12 865.00 CHANNEL 0.9 0.2 23.5
----------------------------------------------------------------------------
1021879 584,924.80 930,414.72 879.00 CHANNEL 1.7 0.2 16.6
----------------------------------------------------------------------------
1021880 584,920.08 930,413.97 879.70 CHANNEL 1.1 0.2 69.6
----------------------------------------------------------------------------
1021881 584,924.35 930,412.86 879.70 CHANNEL 1.21 0.2 12.3
----------------------------------------------------------------------------
1021882 584,894.80 930,408.85 868.85 CHANNEL 0.22 0.2 26.3
----------------------------------------------------------------------------
1021883 584,895.25 930,407.66 868.85 CHANNEL 0.45 0.2 64.5
----------------------------------------------------------------------------
1021887 584,918.70 930,412.89 867.55 CHANNEL 1.2 0.2 11.8
----------------------------------------------------------------------------
1021888 584,907.29 930,412.56 872.00 CHANNEL 0.75 0.2 0.239
----------------------------------------------------------------------------
1021889 584,922.99 930,414.67 875.75 CHANNEL 1.7 0.2 34.3
----------------------------------------------------------------------------
1021891 584,924.24 930,412.66 875.75 CHANNEL 1 0.2 0.873
----------------------------------------------------------------------------
1021892 584,924.49 930,413.85 875.66 CHANNEL 1 0.2 35.4
----------------------------------------------------------------------------
1021893 584,920.92 930,409.34 875.00 CHANNEL 1 0.2 140
----------------------------------------------------------------------------
1021894 584,922.54 930,409.37 875.75 CHANNEL 0.38 0.2 101
----------------------------------------------------------------------------
1021896 584,922.47 930,409.74 875.69 CHANNEL 0.97 0.2 0.116
----------------------------------------------------------------------------
1022001 585,314.65 930,413.48 865.00 CHANNEL 1 0.05 1.098
----------------------------------------------------------------------------
1022002 585,313.41 930,392.49 865.00 CHANNEL 0.7 0.07 0.566
----------------------------------------------------------------------------
1022003 585,315.73 930,392.30 865.00 CHANNEL 1 0.05 1.839
----------------------------------------------------------------------------
1022004 585,313.80 930,383.16 865.00 CHANNEL 0.7 0.07 0.178
----------------------------------------------------------------------------
1022006 585,315.53 930,383.05 865.00 CHANNEL 0.7 0.07 0.123
----------------------------------------------------------------------------
1022007 585,317.89 930,382.96 865.00 CHANNEL 0.8 0.07 0.055
----------------------------------------------------------------------------
1022008 585,319.07 930,383.03 865.00 CHANNEL 0.8 0.07 0.31
----------------------------------------------------------------------------
1022009 585,321.84 930,358.18 864.50 SELECT 4.328
----------------------------------------------------------------------------
1022010 585,312.01 930,355.67 865.00 CHANNEL 0.7 0.07 0.814
----------------------------------------------------------------------------
1022011 585,347.00 930,530.00 869.00 BULK 9.36
----------------------------------------------------------------------------
1022012 585,356.00 930,529.00 867.00 BULK 10.3
----------------------------------------------------------------------------
1022013 585,349.00 930,530.00 864.00 BULK 11.1
----------------------------------------------------------------------------
1022014 585,118.00 930,419.00 877.00 BULK 14.9
----------------------------------------------------------------------------
1022015 584,968.00 930,392.00 881.00 BULK 22.6
----------------------------------------------------------------------------
1022016 584,919.00 930,409.00 819.00 BULK 28.6
----------------------------------------------------------------------------
1022017 584,919.00 930,409.00 819.00 BULK 38
----------------------------------------------------------------------------
1022018 584,537.20 928,740.48 916.00 CHANNEL 0.8 0.15 1.278
----------------------------------------------------------------------------
1022019 584,537.39 928,739.77 916.00 CHANNEL 0.75 0.15 8.96
----------------------------------------------------------------------------
1022020 584,537.66 928,738.82 916.00 CHANNEL 1 0.15 0.738
----------------------------------------------------------------------------
1022021 584,537.80 928,738.27 916.00 CHANNEL 0.6 0.15 7.63
----------------------------------------------------------------------------
1022022 584,538.04 928,737.30 916.00 CHANNEL 1 0.25 5.736
----------------------------------------------------------------------------
1022023 584,538.33 928,735.69 916.00 CHANNEL 1.65 0.15 0.393
----------------------------------------------------------------------------
1022024 584,538.76 928,734.11 916.00 CHANNEL 1.65 0.15 0.335
----------------------------------------------------------------------------
1022026 584,552.06 928,741.66 917.00 CHANNEL 0.6 0.25 1.057
----------------------------------------------------------------------------
1022027 584,530.00 928,795.00 945.00 BULK 7.184
----------------------------------------------------------------------------
1022028 584,604.90 928,770.29 952.00 CHANNEL 0.7 0.2 3.046
----------------------------------------------------------------------------
1022029 584,604.61 928,771.04 952.00 CHANNEL 0.45 0.2 16.6
----------------------------------------------------------------------------
1022031 585,267.00 930,477.00 858.00 BULK 5.772
----------------------------------------------------------------------------
1022032 585,226.00 930,440.00 867.00 BULK 11
----------------------------------------------------------------------------
1022033 584,980.00 930,399.00 884.00 BULK 11.4
----------------------------------------------------------------------------
1022034 584,996.00 930,414.00 887.00 BULK 18.3
----------------------------------------------------------------------------
1022035 584,896.00 930,366.00 883.00 BULK 22.1
----------------------------------------------------------------------------
1022036 584,859.00 930,369.00 874.00 BULK 12.9
----------------------------------------------------------------------------
1022037 584,869.00 930,376.00 880.00 BULK 12.4
----------------------------------------------------------------------------
1022038 585,312.00 930,466.00 867.00 BULK 34.9
----------------------------------------------------------------------------
1022039 584,956.00 930,407.00 872.00 BULK 27.6
----------------------------------------------------------------------------
1022040 584,869.00 930,384.00 877.00 BULK 63.5
----------------------------------------------------------------------------
1022041 585,230.00 930,430.00 865.00 BULK 10.4
----------------------------------------------------------------------------
1022042 585,342.00 930,512.00 854.00 BULK 144
----------------------------------------------------------------------------
1022043 584,972.00 930,411.00 881.00 BULK 37.1
----------------------------------------------------------------------------
1022044 584,922.97 930,410.58 867.00 CHANNEL 2 0.15 9.4
----------------------------------------------------------------------------
1022045 584,918.48 930,412.32 867.00 CHANNEL 2 0.15 16.5
----------------------------------------------------------------------------
1022046 584,924.15 930,412.00 875.00 CHANNEL 2 0.15 17.6
----------------------------------------------------------------------------
1022047 585,376.06 930,530.90 852.00 CHANNEL 0.4 0.25 32.1
----------------------------------------------------------------------------
1022048 585,372.57 930,526.97 852.00 CHANNEL 0.45 0.25 5.657
----------------------------------------------------------------------------
1022051 585,381.11 930,537.44 852.00 CHANNEL 0.3 0.15 28.7
----------------------------------------------------------------------------
1022052 585,387.65 930,539.60 853.00 CHANNEL 0.83 0.15 2.106
----------------------------------------------------------------------------
1022053 585,388.39 930,527.49 849.00 CHANNEL 0.6 0.25 14
----------------------------------------------------------------------------
1022054 585,398.16 930,529.32 847.00 CHANNEL 0.4 0.27 7.725
----------------------------------------------------------------------------
1022056 585,429.95 930,700.99 865.00 CHANNEL 2 0.05 0.047
----------------------------------------------------------------------------
1022057 585,431.72 930,700.15 865.00 CHANNEL 2 0.05 0.069
----------------------------------------------------------------------------
1022058 585,433.72 930,699.22 865.00 CHANNEL 2 0.05 0.055
----------------------------------------------------------------------------
1022059 585,483.49 930,680.67 864.50 CHANNEL 1.2 0.07 0.248
----------------------------------------------------------------------------
1022060 585,369.29 930,524.45 850.00 CHANNEL 2 0.1 0.1
----------------------------------------------------------------------------
1022061 585,370.62 930,523.11 850.00 CHANNEL 1.8 0.1 8.471
----------------------------------------------------------------------------
1022062 585,371.87 930,521.96 850.00 CHANNEL 1.05 0.15 12.4
----------------------------------------------------------------------------
1022063 585,373.03 930,520.94 851.00 CHANNEL 1.5 0.1 0.844
----------------------------------------------------------------------------
1022064 585,374.17 930,519.87 851.00 CHANNEL 1.6 0.1 0.473
----------------------------------------------------------------------------
1022065 585,375.04 930,518.84 850.00 CHANNEL 1.35 0.1 0.288
----------------------------------------------------------------------------
1022066 585,375.68 930,518.08 850.00 CHANNEL 1 0.1 0.409
----------------------------------------------------------------------------
1022067 585,377.22 930,516.80 850.00 CHANNEL 2 0.1 0.477
----------------------------------------------------------------------------
1022068 585,375.69 930,522.63 849.50 CHANNEL 1.2 0.1 3.412
----------------------------------------------------------------------------
1022069 584,873.85 930,402.80 868.00 CHANNEL 1 0.1 23.9
----------------------------------------------------------------------------
1022070 584,877.14 930,402.27 868.00 CHANNEL 1.2 0.1 24.3
----------------------------------------------------------------------------
1022071 584,879.60 930,402.95 869.00 CHANNEL 1.1 0.1 21.5
----------------------------------------------------------------------------
1022072 584,879.89 930,405.42 869.00 CHANNEL 1.3 0.1 88.4
----------------------------------------------------------------------------
1022073 584,887.49 930,404.97 868.00 CHANNEL 1.4 0.1 20.65
----------------------------------------------------------------------------
1022076 584,881.75 930,406.14 869.00 CHANNEL 0.5 0.15 39
----------------------------------------------------------------------------
1022077 584,882.40 930,405.74 869.00 CHANNEL 1 0.1 16.5
----------------------------------------------------------------------------
1022078 584,894.61 930,407.73 868.00 CHANNEL 2 0.1 1.146
----------------------------------------------------------------------------
1022079 584,894.84 930,409.45 868.00 SELECT 12.85
----------------------------------------------------------------------------
1022082 585,390.76 930,528.12 848.00 CHANNEL 0.6 0.2 10
----------------------------------------------------------------------------
1022083 585,391.39 930,524.71 847.00 CHANNEL 0.4 0.18 11.1
----------------------------------------------------------------------------
1022084 585,393.11 930,526.53 847.00 CHANNEL 0.5 0.2 50.5
----------------------------------------------------------------------------
1022085 585,395.60 930,528.45 847.00 CHANNEL 0.65 0.15 1.443
----------------------------------------------------------------------------
-- Results for a total of 61 core samples from diamond drill holes LNDDH010
and LNDDH011 have been received. The highlights are length-weighted
average grades of 17.5 g/t gold over 2.35 m in hole LNDDH011, from 87.4
to 89.75 m, and 3.1 g/t gold over 0.9 m in hole LNDDH010 from 145.0 to
145.9 m. The holes were drilled at azimuths of 349 degrees and 345
degrees and inclinations of -55 degrees and -46 degrees respectively,
with total lengths of 263.4 m and 149.7 m. The holes were drilled across
the vein structures but the intersection widths do not necessarily
represent the true width of the veins. The sample assays are reported in
the following table:
----------------------------------------------------------------------------
Hole No. Sample No From (m) To (m) Length (m) Au (g/t)
----------------------------------------------------------------------------
LNDDH010 70100620 128.75 130.6 1.85 0.005
----------------------------------------------------------------------------
LNDDH010 70100621 130.6 132.5 1.90 less than 0.005
----------------------------------------------------------------------------
LNDDH010 70100622 132.5 135.1 2.60 less than 0.005
----------------------------------------------------------------------------
LNDDH010 70100623 135.1 135.8 0.70 less than 0.005
----------------------------------------------------------------------------
LNDDH010 70100626 135.8 136.5 0.70 less than 0.005
----------------------------------------------------------------------------
LNDDH010 70100627 136.5 137.4 0.90 less than 0.005
----------------------------------------------------------------------------
LNDDH010 70100628 137.4 139.2 1.80 less than 0.005
----------------------------------------------------------------------------
LNDDH010 70100629 139.2 140.4 1.20 less than 0.005
----------------------------------------------------------------------------
LNDDH010 70100631 140.4 141.4 1.00 less than 0.005
----------------------------------------------------------------------------
LNDDH010 70100632 141.4 142.4 1.00 less than 0.005
----------------------------------------------------------------------------
LNDDH010 70100633 142.4 143.4 1.00 0.007
----------------------------------------------------------------------------
LNDDH010 70100634 143.4 143.6 0.20 0.23
----------------------------------------------------------------------------
LNDDH010 70100635 143.6 144.4 0.80 0.834
----------------------------------------------------------------------------
LNDDH010 70100636 144.4 144.7 0.30 0.331
----------------------------------------------------------------------------
LNDDH010 70100637 144.7 145 0.30 0.495
----------------------------------------------------------------------------
LNDDH010 70100639 145 145.3 0.30 1.452
----------------------------------------------------------------------------
LNDDH010 70100640 145.3 145.6 0.30 0.876
----------------------------------------------------------------------------
LNDDH010 70100642 145.6 145.9 0.30 6.854
----------------------------------------------------------------------------
LNDDH010 70100644 145.9 146.2 0.30 0.145
----------------------------------------------------------------------------
LNDDH010 70100645 146.2 147.2 1.00 0.0175
----------------------------------------------------------------------------
LNDDH010 70100647 147.2 149.2 2.00 0.02
----------------------------------------------------------------------------
LNDDH010 70100648 149.2 151.2 2.00 0.039
----------------------------------------------------------------------------
LNDDH010 70100651 151.2 153.2 2.00 less than 0.005
----------------------------------------------------------------------------
LNDDH010 70100652 153.2 155.2 2.00 less than 0.005
----------------------------------------------------------------------------
LNDDH010 70100653 237.9 238.3 0.40 less than 0.005
----------------------------------------------------------------------------
LNDDH010 70100654 254.1 254.5 0.40 0.016
----------------------------------------------------------------------------
LNDDH010 70100656 254.5 254.8 0.30 0.006
----------------------------------------------------------------------------
LNDDH011 70100657 73.4 75.4 2.00 less than 0.005
----------------------------------------------------------------------------
LNDDH011 70100658 75.4 77.4 2.00 less than 0.005
----------------------------------------------------------------------------
LNDDH011 70100659 77.4 79.4 2.00 less than 0.005
----------------------------------------------------------------------------
LNDDH011 70100661 79.4 80.4 1.00 less than 0.005
----------------------------------------------------------------------------
LNDDH011 70100662 80.4 81.4 1.00 less than 0.005
----------------------------------------------------------------------------
LNDDH011 70100663 81.4 82.4 1.00 less than 0.005
----------------------------------------------------------------------------
LNDDH011 70100664 82.4 83.4 1.00 less than 0.005
----------------------------------------------------------------------------
LNDDH011 70100666 83.4 83.7 0.30 0.007
----------------------------------------------------------------------------
LNDDH011 70100667 83.7 84.8 1.10 0.009
----------------------------------------------------------------------------
LNDDH011 70100668 84.8 85.2 0.40 0.03
----------------------------------------------------------------------------
LNDDH011 70100669 85.2 85.7 0.50 0.006
----------------------------------------------------------------------------
LNDDH011 70100671 85.7 86.4 0.70 less than 0.005
----------------------------------------------------------------------------
LNDDH011 70100672 86.4 86.7 0.30 0.006
----------------------------------------------------------------------------
LNDDH011 70100673 86.7 87.4 0.70 less than 0.005
----------------------------------------------------------------------------
LNDDH011 70100674 87.4 88.5 1.10 8.98
----------------------------------------------------------------------------
LNDDH011 70100676 88.5 89.1 0.60 36.4
----------------------------------------------------------------------------
LNDDH011 70100678 89.1 89.75 0.65 14.6
----------------------------------------------------------------------------
LNDDH011 70100679 89.75 90 0.25 0.547
----------------------------------------------------------------------------
LNDDH011 70100681 90 90.95 0.95 0.015
----------------------------------------------------------------------------
LNDDH011 70100682 90.95 92 1.05 0.017
----------------------------------------------------------------------------
LNDDH011 70100683 92 92.85 0.85 0.006
----------------------------------------------------------------------------
LNDDH011 70100684 92.85 93.25 0.40 0.132
----------------------------------------------------------------------------
LNDDH011 70100685 93.25 93.9 0.65 0.022
----------------------------------------------------------------------------
LNDDH011 70100686 93.9 94.8 0.90 less than 0.005
----------------------------------------------------------------------------
LNDDH011 70100687 94.8 95.9 1.10 less than 0.005
----------------------------------------------------------------------------
LNDDH011 70100688 95.9 97.56 1.66 less than 0.005
----------------------------------------------------------------------------
LNDDH011 70100689 97.56 98 0.44 0.0225
----------------------------------------------------------------------------
LNDDH011 70100691 98 99 1.00 0.014
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LNDDH011 70100692 99 100 1.00 less than 0.005
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LNDDH011 70100693 100 102 2.00 less than 0.005
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LNDDH011 70100694 102 104 2.00 less than 0.005
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LNDDH011 70100696 138.8 139.1 0.30 0.015
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LNDDH011 70100697 139.1 139.4 0.30 0.022
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LNDDH011 70100698 144 144.45 0.45 0.104
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Quality Assurance and Quality Control
The underground and drill core samples from the Snow Mine were prepared and assayed for gold by Activation Laboratories Ltd., which is independent of the Company, at their laboratory in Colombia. Gold was assayed by fire assay with atomic absorption spectrophotometer ("AAS") finish. Samples over 10 g/t gold were re-assayed by fire assay with gravimetric finish. A multielement package was analyzed by total acid digestion and inductively coupled plasma mass spectrometer (ICP-MS). Blank, standard and duplicate samples were routinely inserted for quality assurance and quality control. In the case of duplicate analyses of a sample, the average of both analyses was used as the final reported value. Gold grades were not capped for calculation of length-weighted averages.
Qualified Person
The Technical Reports on the Guaynopa and Lithocaps Projects were authored by Dr. Stewart D. Redwood, Senior Consulting Geologist to the Company, who is an independent qualified person as defined by National Instrument 43-101 - Standards of Disclosure of Mineral Projects. Dr. Redwood has reviewed this press release to ensure that it fairly and accurately represents the information in the Technical Reports that supports the disclosures set out in this press release.
Dr. Redwood has also prepared or reviewed the preparation of the scientific and technical information in this press release in respect of the results from the Snow Mine Project. Dr. Redwood verified and approved the data disclosed in this news release, including the sampling, analytical and test data underlying the information contained in this news release. Verification included a review of the quality assurance and quality control samples, and review of the applicable assay databases and assay certificates.
For further information on the Company's properties please see the reports as listed below on the Company's website or on www.sedar.com:
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Guaynopa Gold Skarn NI 43-101 Technical Report for the Guaynopa Gold
Project Skarn Project, State of Chihuahua, Mexico,
February 18, 2013
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Lithocaps Project NI 43-101 Technical Report for the Huancavelica
Lithocaps Project, Department of Huancavelica,
Peru, January 31, 2013
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Snow Mine Technical Report on the Snow Mine Property,
Department of Bolivar, Colombia, dated December
5, 2012
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About Braeval Mining Corporation
Braeval Mining is a junior mineral exploration company focused on the exploration and development of precious metals resource properties in South and Central America and Mexico. The Company holds options to acquire an interest in four adjacent mineral titles that comprise the Snow Mine Project located in Colombia. Braeval Mining proposes to explore the Snow Mine Project for precious metal deposits including gold, silver and copper, and holds or has applied for other exploration property interests in Mexico, Peru, Honduras and Nicaragua.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release contains forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws, which are based on expectations, estimates and projections as of the date of this news release. This forward-looking information includes, or may be based upon, without limitation, estimates, forecasts and statements as to management's expectations with respect to, among other things, the generation of revenues by the Company, the timing and amount of funding required to execute the Company's exploration, development and business plans, capital and exploration expenditures, the effect on the Company of any changes to existing legislation or policy, government regulation of mining operations, the length of time required to obtain permits, certifications and approvals, the success of exploration, development and mining activities, the geology of the Company's properties, environmental risks, the availability of labour, the focus of the Company in the future, demand and market outlook for precious metals and the prices thereof, progress in development of mineral properties, the Company's ability to raise funding privately or on a public market in the future, the Company's future growth, results of operations, performance, and business prospects and opportunities. Wherever possible, words such as "anticipate", "believe", "expect", "intend", "may" and similar expressions have been used to identify such forward-looking information. Forward-looking information is based on the opinions and estimates of management at the date the information is given, and on information available to management at such time.
Forward-looking information involves significant risks, uncertainties, assumptions and other factors that could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking information. These factors, including, but not limited to, fluctuations in currency markets, fluctuations in commodity prices, the ability of the Company to access sufficient capital on favourable terms or at all, changes in national and local government legislation, taxation, controls, regulations, political or economic developments in Canada, Mexico, Colombia, Peru, Honduras, Nicaragua or other countries in which the Company does business or may carry on business in the future, operational or technical difficulties in connection with exploration or development activities, employee relations, the speculative nature of mineral exploration and development, obtaining necessary licenses and permits, diminishing quantities and grades of mineral reserves, contests over title to properties, especially title to undeveloped properties, the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other geological data, environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding, limitations of insurance coverage and the possibility of project cost overruns or unanticipated costs and expenses, and should be considered carefully. Many of these uncertainties and contingencies can affect the Company's actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. Prospective investors should not place undue reliance on any forward-looking information. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure prospective purchasers that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.
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http://www.marketwire.com/library/20130225-bvlmap1LG.jpg
No stock exchange, regulation services provider, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.
Contacts:
Braeval Mining Corporation
Jose Vizquerra, President & CEO
416-848-9504
jvizquerra@braevalmining.com