Bryn Resources

PROJECTS

Bryn Resources continues to acquire additional claims with a JV exploration partner in this high value gold target area on a continuing basis. Currently, the following claims have been acquired as previously announced:

Windflower Property

Location: Kootenay District of British Columbia

Claim Details: 45% interest in the 14 contiguous Crown granted mineral claims

Description:

“The Windflower Project owned by Cayenne Gold Mines Ltd. consists of 14 contiguous Crown Granted Mineral Claims located in the Kootenay District of British Columbia".

The gold bearing quartz vein systems, the target of exploration on the property, appear to be structurally related to major shear zones, which strike northwesterly across the property. Quartz veining varies from a few centimeters to 6 meters in width. The quartz veins appear to be associated with the regional fault structures. The quartz veins carry siderite, pyrite and associated gold mineralization. The quartz veins appear almost as stockworks in some areas.

In 1903/04 production from the Goldfinch claim was 1,316 tonnes grading 15.9 grams gold / tonne and 4.3 grams silver / tonne. From 1985 to 1990. Granges Exploration Ltd. performed an extensive exploration program. Work consisted of geochemical, magnetometer and electromagnetic surveys, 209 surface & underground diamond drill holes, and 1206 meters of underground development.

The Dorothy (Main) and Dorothy North Zone have a Measured Mineral Resource of 142,600 tonnes at 6.2 grams / tonne gold. The East Zone has an Indicated Mineral Resource of 46,400 tonnes at a grade of 12.8 grams / tonne gold. The ore zones are steeply dipping and have a good mining width averaging over 3 meters.

Very little underground development is required to start mining the Dorothy (Main) Zone. The East Zones and Dorothy North Zone are in close proximity to the existing underground workings. With the additional 10 surface diamond drill holes drilled in the Dorothy North Zone in 1989/90, the Dorothy North Zone now has 6 ore grade drill intersections with good widths. The 1989/90 drilling was done after the Measured Mineral Resources were calculated. This drilling will add to the existing Measured Mineral Resources. Also, the Dorothy North Zone is still open at depth to the North.

The West, Goldfinch, and Menhinick Creek Zones are also good exploration targets that could add to the mineral resources. There is also a good chance of additional vein and possible stockwork exploration targets being found on the Windflower Project.

Gold recoveries greater than 90% can be expected using cyanidation or cyanidation of a bulk flotation concentrate.

With the carbonate minerals present the risk of acid mine drainage is low. Water samples analyzed from the historic workings and decline were in the pH range of 7.2 to 7.5. Existing reclamation work required on the Windflower Project is minimal. Road access to the Windflower property is good. Proximity to the nearest population center is only 1½ hours by road.

With the current price of gold at $560 US/oz(1) and climbing, the wide mining widths of the ore zones, existing underground development, and good exploration potential, the Windflower Project is an advanced exploration project.

The Phase 1 work program in the qualified person’s opinions will cost approximately $250,000. The work will consist mainly of site rehabilitation, relogging of diamond drill core, dewatering the underground workings and reviewing the geology to formulate an advanced exploration program. Contingent on positive results from Phase 1, Phase 2 would include an advanced exploration program to expand the existing mineral resources, and the mining of a test stope to confirm grade and mining conditions.”

On the expectation of positive results from Phase 1, Phase 2 would include an advanced exploration program to expand the mineral resources and the mining of a test stope to confirm grade and mining conditions.

While the Report refers to the price of gold as $560 (U.S.) per ounce, the price has increased to an excess of $1,100 (U.S.) per ounce. As a result, the expectation for profits is greatly increased. It appears as though the Windflower property has approx. 30,000 oz. of proven gold mineralization which at present values would generate $33,000,000 subject to extraction costs.

It appears as though the Windflower property has great potential for realization of increased mineralization which has yet to be tapped.

 

Montauban 4

Location: North Quebec City

Claim Details: up to 60% interest in 22 mining titles totalling 528.02 hectares

Description:

It is the intention of Bryn Resources to carry out further exploratory investigations to complete the evaluation of the reserves in the property which investigation was started in 2003 by Mirabel Resources.

The initial investigations undertaken have revealed measured and indicated resources including 398,033 tonnes at a grade of 3.02 g/t Au and 27.72 g/t Ag for a total of 38,832 ounces of gold and 356,886 ounces of silver. Bryn Resources intends to complete further bulk sampling of the property so as to confirm the resources estimated.