Canadian Mining Journal

News

GOLD: Bralorne inks gold concentrate contract

BRITISH COLUMBIA – Bralorne Gold Mines of Vancouver has signed an offtake agreement for gold concentrate from its Bralorne gold mine 50 km north of Pemberton. Metallic Commodities Corp. has agreed to buy the concentrate from the mine.



BRITISH COLUMBIA – Bralorne Gold Mines of Vancouver has signed an offtake agreement for gold concentrate from its Bralorne gold mine 50 km north of Pemberton. Metallic Commodities Corp. has agreed to buy the concentrate from the mine.

The first part of the contract includes the sale of current inventory that is approximately 600 tonnes (wet) assaying an average of 136 g/t Au and 60 g/t Ag. The second half of the contract is for the sale of concentrate produced between November 2012 and December 2013. When this contract is complete both parties will discuss future sales.

Bralorne says the agreement secures the cash flow for the project. (The Bralorne website, Bralorne.com, was under construction as of this writing.)