History

From 1945 to 1950, four different companies were active on the actual Brosnor property: Courtmont Gold Mines Ltd in the north-west, Norcourt Gold Mines Ltd in the south-east, Scott Chibougamau Mines Ltd in the east and Adelemont Gold Mines in the centre. Courtmont discovered some gold mineralization on lot 45 of Range IX, just outside the western boundary of the property, but the most successful results came from the Adelemont programme. Geophysical surveys followed by 28 holes totalling 6 857 meters lead to the discovery of the Adelemont gold zone consisting of several sub-parallel gold bearing quartz veins.

During the same period, Norcourt Gold Mines was also exploring the area, immediately to the east of the Adelemont zone (approx. 500 meters to the east). In 1946, 21 holes totalling 5 480 meters were completed and lead to the discovery of the Norcourt gold bearing vein system.

During the sixties, only the southern half of the property saw some exploration activities. Successively, Bermont Mines Ltd and Billiken Mines Ltd owned the mining rights and completed magnetic surveys and drilling. Bermont Mines identified a gold bearing structure on Lot 51, Range VIII, close to the Villebon river.

During the seventies over a period of four years, Valdex Mines Inc. completed some limited exploration works west and south of the Adelemont zone. On the portion east of the road 113, Solvang Explorations Ltd drilled eight holes in 1976. Overall, none of these works brought back significant results.

The period extending between 1980 and 1984 was the most active for the exploration of the property. The central part of the property, west of road 133, that hosts the Adelemont and Norcourt zones was acquired by Canadian Brosnan Mines Ltd. During this period, Brosnan completed 126 holes totalling 78 142 feet (23 679 meters) on both Adelemont and Norcourt zones. During this intense programme, a resource estimate was made by U. W. Jarvi of Mining Corp. of Canada in 1982. This historical estimation established a probable resource of 277 503 tons grading 0,119 oz/t Au on the Adelemont zone, from the surface to a depth of 550 feet, and a possible tonnage of 34 352 tons grading 0,124 oz/t Au on the Norcourt zone. The parameters retained for the estimate could qualify for inferred resources in accordance with the actual NI 43-101, except that assays certificates are no longer available.

During that same period, the portion of the property located east of road 113 was acquired by Yvan Giasson, then transferred to Diana Resources Inc.

In 1984, Noranda Mines Inc. optioned both the Brosnan and Diana ground. Fifteen new holes were drilled on the Brosnan property and thirty-eight holes on the Diana property. Only the Brosnan area intersected significant gold intersections along the already known zones.

In 1985, Canadian Brosnan Mines Ltd changed its name to Brosnor Exploration Inc. Also in 1985, Groleau, P. and Le Mouel, H. reported a new historical resource estimation establishing Adelemont at 237 118 tons and Norcourt at 289 050 tons both at a grade of 0,15 oz/t Au. This historical estimate does not qualify with NI 43-101 standards. Based on that re-evaluation the company undertook in the fall of 1985 a mine development program, namely a decline, 680 meters long reaching the Adelemont zone at a vertical depth of 100 meters, a few cross-cut and underground horizontal drillings. The program was suspended in the summer of 1986.

During 1986, Brosnor drilled 16 holes on the Bermont occurrence, some 500 meters south-west of the Adelemont zone. Results confirmed the old Bermont structure with numerous gold intersections (see table 1c).

Munger, J. 1987 reports that some twenty horizontal holes were drilled from the decline into the Adelemont zone. The average gold content of 114 samples from that sampling is reported to be 0,14 oz/t Au. At present time, the core logs and samples intervals of those drill holes have not been located. No exploration work is reported since then.

Mining titles covering the main gold occurrences were subsequently transferred or sold from Exploration Brosnor to Exploration Loubel, Gilles Fiset, Mines Abcourt and Société Minière Espalau Inc., the latter changing its name to Ced-Or Corporation. In 2007, Ced-Or Corporation sold all the claims to Explorations GYG Ltd, the current owner of the titles.

On May 1, 2007, 0787912 B.C. Ltd. entered into the Option Agreement with Exploration GYG Ltee. Subsequently, 0787912 sponsored a validation drilling programme that included three holes totalling 582 meters on the presumed location of the Adelemont zone. Results confirmed the presence of the gold bearing structure from surface to a 200 meters vertical depth.

More information can be obtained by reviewing the 43-101 Technical report prepared in August 2007 by Consultations Géo-logic by clicking here.