In a newsletter to subscribers, we made the case as to why we have taken a position in this Mexican/Peruvian focused exploration company. We have met CEO Jose Vizquerra in person before we made this interview. Jose, as well as the rest of the group of people involved in this company is one of the better set-ups we have come across.
As we conducted this interview, BVL.TO has a Mcap of C$7.5 Million and cash in the amount of C$10.7 Million (bvl.to share price at C$0.085).
The Company’s approach is to identify economic resources of 5 million-plus ounces of gold and gold equivalent at a cost of less than $20/ounce, within 4 years. Our focus is on greenfields exploration terrains using a systematic, tried and proven phased approach, and on mature terrains using innovative ideas.
The Guaynopa project is located in Northern Mexico and demonstrates significant potential for high grade gold Skarn deposits in one of the most pro mining districts in the area. The project is easily accessible by roads and is located near established areas of supply for materials and workers. The Company has also staked over 25,090 ha in southern Peru in order to explore for high grade gold porphyry targets.
Braeval Mining has a successful and experienced management and geological team in place dedicated to the discovery of world class deposits. The team will use exploration techniques that have led to the discovery of more than 40 million ounces in the past ten years, with the objective of adding to their successful track record.
Download Braeval Mining’s latest presentation (pdf).