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May 04, 2015 8:37 AM ET

Metals and Mining

Company Overview of Braeval Mining Corporation

Company Overview

As of April 14, 2014, Braeval Mining Corporation was acquired by Oban Exploration Limited, in a reverse merger transaction. Braeval Mining Corporation, a junior mineral exploration company, engages in the identification, acquisition, evaluation, exploration, and development of precious metals resource properties in Colombia, Mexico, Peru, Nicaragua, and the Honduras. It primarily explores for gold, silver, platinum, zinc, copper, and molybdenum ores. The company’s principal project is the Snow Mine gold project, which comprises 4 mineral titles covering an area of approximately 2,643.23 hectares located in the Sur de Bolivar region of Northern Colombia. Braeval Mining Corporation was incorpo...

150 York Street

Suite 410

Toronto, ON M5H 3S5

Canada

Founded in 2010

Phone:

416-848-9504

Fax:

416-363-9813

Key Executives for Braeval Mining Corporation

Braeval Mining Corporation does not have any Key Executives recorded.

Braeval Mining Corporation Key Developments

Braeval Mining Corporation, Special/Extraordinary Shareholders Meeting, Apr 10, 2014

Braeval Mining Corporation, Special/Extraordinary Shareholders Meeting, Apr 10, 2014., at 10:00 US Eastern Standard Time. Location: offices of Cassels Brock & Blackwell LLP. Agenda: To consider a special resolution authorizing and approving an amendment to the articles of Braeval to effect a consolidation of Braeval's issued and outstanding Common Shares on the basis of one new Common Share for each 3.14 existing and outstanding Common Share; to consider a special resolution authorizing an amendment to the articles of Braeval to change its name to Oban Mining Corporation; to consider a resolution authorizing Braeval to acquire all of the issued and outstanding common shares of Oban Exploration Limited; to consider the cancellation of all outstanding stock options of Braeval and approving the grant of new stock option; to elect Mr. Bernardo Calderon to the Board to take effect upon the completion of the Business Combination; and to transact such other business as may properly come before the meeting or any adjournment o postponement thereof.

Braeval Mining Corporation Receives Drilling Results at Guaynopa Project in Mexico

Braeval Mining Corporation reported that it has received initial diamond drilling results from the Guaynopa Project located in the Chihuahua State of Mexico and determined to redirect its efforts in favor of its more prospective assets. The Guaynopa project is located 290km northwest of the city of Chihuahua in the municipality of Madera and is made up of three mineral claims, La Esperanza, Tres Naciones, & Tayopa, totalling 546.67 hectares. The 2013 drill program was a planned four hole, 1,200 m drill program focused on testing gold-copper skarn targets previously identified on the property. Only 3 drill holes totalling 619.15 m were completed due to limited gold mineralization encountered in the drill core. The drill holes were planned to test the best surface anomalies at Tres Amigos and Las Chalas zones and did not intersect any significant mineralization. As a result, the drill program was curtailed. The drill results indicate that the magnetometry anomaly was caused by a magnetic diorite intrusion and not a massive magnetite skarn as previously anticipated. The results from the drill program have culminated in the decision for the company to return the project back to the owner and to discontinue any work in the area. The company will focus its 2014 exploration efforts on the Acropunco Property located in Huancavelica, Peru where an initial phase of detailed sampling and mapping identified a principal anomalous area of over 6 square kilometres, consisting of hydrothermal alteration and associated gold anomalies. Phase One diamond drilling at Arcopunco is planned for first quarter of 2014 (weather and community relation permitting), consisting of an initial program of 1,500 m.

Braeval Mining Corporation Commences Drilling at Guaynopa

Braeval Mining Corporation announced the start of its 1,200m diamond drilling program at the Guaynopa Project in Mexico. The drilling program is focused on testing gold-copper skarn targets previously identified on the property.

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