Investment Highlights
Oxbow Resources is engaged in the acquisition and development of high quality
gold properties in North America, Asia and Africa.
The company holds a 100% interest in the Bristol Gold Project located approximately
12 miles east of the largest gold deposit ever found in Western Canada.
The nearby Bralorne-Pioneer mining complex produced 4.15 million ounces of
gold from 7.9 million tons of ore equaling a grade of 0.53 ounces per ton from
1928 to 1971. The Bralorne, Pioneer and King operations represent the largest
historic gold producers in the Canadian Cordillera. Recent discoveries have
opened up significant new mineralization. Phase III exploration, now underway,
is focused on expanding new zones and outlining reserves for a 280 tpd operation.
(Bralorne Gold Mines Ltd, 2008)
Geological structures similar to those at Bralorne-Pioneer were found during
initial (previous) sampling at Oxbow Resources’ Bristol Gold Project.
In 1989 Westmin Resources collected 183 soil samples that according to the
NI 43-101 qualified geologist warrant follow-up based on the anomalous values
of Au and Ag.
Oxbow Resources has received a very promising NI 43-101 report on the Bristol
Gold Project. The report is published on its website.
Oxbow Resources announced April 29, 2008 that it has engaged Moore & Associates
to audit the past two years of financials in preparation for bringing the company
from the Pink Sheets to the OTC Bulletin Board. The move to a regulated exchange
demonstrates a commitment to growth, corporate responsibility, financial reporting
and shareholder communication.
Gold, seen as safe haven investment during financial market turbulence and
a hedge against inflation and a weak dollar, gained about 30 percent in 2007
and stormed to new record highs in 2008.
The U.S. dollar touched $1.6019 per euro on April 22, 2008, the weakest since
the 15-nation currency debuted in 1999. A weak dollar boosts the allure of gold
and other hard assets that traditionally hold their value.
Over the next six months Oxbow Resources expects to continue to add key personnel
and initiate an aggressive exploration program on Bristol Lake.
In 2007 a record $416 million was invested in mineral exploration in British
Columbia, up 57% from 2006 and 1,300% over the 2001 investment level of $29
million. Total exploration drilling reached about 1.254 million metres during
the year, up over 51% from the 830 000 metres drilled in 2006. (Mining and Minerals
Division of the Ministry of Energy, Mines and Petroleum Resources, “2007
Exploration Highlights”, February 07, 2008)
Analysts are predicting a continued rise in gold prices. As the Value View
Gold Report asserts, if gold moves to $1,500 or higher as expected, current
prices will ultimately be seen as a bargain. (MarketWatch, “Gold futures
edge up after jobs data”, May 2, 2008)
According to the British Columbia Geological Survey the nearby Bralorne-Pioneer mine is historically the largest lode gold producer in British Columbia. Gold-quartz veins hosted in the Bralorne ophiolite complex produced over 124 400 kilograms (4 million ounces) of gold at an average grade 18 grams per tonne (0.57 oz/ton) from a roughly 15 square kilometre area.
Leonard Fong, President and CEO of Oxbow Resources, reported: "All indications show that the Bristol Gold project has the potential to host a high grade quartz vein system similar to that found on the Bralorne-Pioneer mine less than 20 kilometers away.”