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Brookbank

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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. 

SUMMARY OF BROOKBANK JV AGREEMENT

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Metalore initially discovered the Brookbank main gold zone (within an 18 leased claim block) in the mid-1980s 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:

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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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