Opportunity Snapshot
Oxbow Resources Corp. is a gold exploration and development company with assets in one of the largest gold belts in North America. Oxbow Resources holds a 100% interest in the Bristol Gold Project located in southern British Columbia. The Bristol Gold Property is in close proximity to the highest producing gold mine in BC history, the Bralorne-Pioneer mine, which produced 4,152,881 ounces of gold and 951,070 ounces of silver. The company is also focused on acquiring additional gold projects in North America, Asia and Africa.
Oxbow Resources is leveraging proven resource expertise, innovative geological concepts and advanced exploration technology to discover gold and silver resources in established, historically prolific mineral belts. The company is putting in place an aggressive exploration program for its Bristol Gold Project, where geological and geochemical data indicate the potential to host a high grade quartz vein system similar to that found at Bralorne-Pioneer.
Demonstrating the area’s rich mineral resources as well as the ability of innovative gold companies to expand reserves in historically defined properties, Bralorne Gold Mines Ltd is successfully re-developing its Bralorne-Pioneer mine. According to recent company reports, Bralorne Gold Mines has expanded several of Bralorne-Pioneer’s existing zones, intersected very high gold grades near its King Vein, and discovered an important new gold vein called the BK Zone.
In uncertain times, gold provides a safe bet for investors. With the value of the dollar plummeting, oil prices soaring, credit crisis escalating, interest rates cut to three-year lows, consumer confidence at its lowest level in five years, home foreclosures doubling, housing prices plunging and inflation worries increasing, these are clearly uncertain times. Gold reached a record high of $1,034 per ounce on March 17th, 2008. Spot gold prices have risen by a third in the past year alone. Demand is high and production is flat. In the current bull market for gold, conditions are exactly right for smart mining companies with proven expertise and high quality gold projects. The outlook for Oxbow Resources and its shareholders is highly favorable.
Oxbow Resources has received a positive geological summary
report on its Bristol Gold Project prepared in compliance with Canada’s
stringent NI 43-101. The report outlines the presence of gold mineralization
in the shear zones on the adjoining Benboe/Bristol mine property that strike
through the Bristol Gold Property, details the geology of neighboring Bralorne-Pioneer
mining complex, and reports on previous work including soil geochemical sampling
that revealed anomalous gold values on the Bristol Gold Property. The report
recommends a work program to explore and further define the potential gold resources,
which could prove to be substantial.