Four Partnership Scenarios

Strategic exploration alliance

Earn-in joint venture agreements

Near-term producing assets

Properties Available

Jasper Canyon

Lomitas Negras

Park-Sayler

Patagonia

Red Picacho/
Bullion Creek

Richmond Mountain

Cathedral Well, Nevada

Target Commodity: Au

Partnership Status: Wholly owned by BCE and available for partnership

Land Position: ~4,336.12 acres; 231 U.S. unpatented lode mining claims

Property Location: Green Springs district of southwestern White Pine County, Nevada (~60 km southwest of Ely), straddling the western flank of the White Pine Range and adjacent Railroad Valley

·         In proximity of historic Green Springs gold mine and cyanide heap-leach operation (1.1 million metric tonnes of ore averaging 2.1 g/t gold)

·         Located in region characterized by numerous jasperoid occurrences and past-producing gold mines — including Green Springs itself, Illipah, Alligator Ridge, EZ Junior and Pan prospect — regarded to be the southern continuation of the Battle Mountain-Eureka trend

·         New mapping and reinterpretation of district structural geology by BCE team reveal multiple targets including:

1. Undiscovered high-grade feeder structures of known mineralized zones
2. Structural offsets of known ore deposits and recognized productive stratigraphic horizons
3. Bulk-tonnage deposits in other stratigraphic horizons suggested by extensive areas of jasperoid and other alteration outcropping on BCE property

Copper Springs, Arizona

Target Commodity: Cu(-Mo)

Partnership Status: Wholly owned by BCE and available for partnership

Land Position: 5,475.59 acres; 250 U.S. unpatented lode mining claims and 1 Arizona Mineral Exploration Permit

Property Location: Globe-Miami mining district; Gila County, Arizona, northeast of Pinal Mountains

· Supergene and hypogene porphyry copper-molybdenum mineralization targets in south-central portion of world-class (production and resources of ~16 Mt copper) multi-porphyry-center Globe-Miami mining district

· Tertiary faults have dramatically dismembered and extended district — a cluster of large porphyry Cu(-Mo) systems centered on a Laramide-age granitic pluton

· Fault-bound deposit pieces include: Pinto Valley, Cactus-Carlotta, Copper Cities, Miami-Inspiration, and Old Dominion (BHP, Quadra, Freeport-McMoRan, others)

· Approximately 60% of district remains covered by post-mineral sedimentary and volcanic rocks

· Multi-year district-scale structural reconstruction by BCE geologists has resulted in new understanding of district’s mineralizing systems, structure, and the location of several yet-undiscovered portions of the porphyry centers hidden beneath post-mineral cover rocks

· Copper Springs target is fault-displaced middle-to-upper portion of large productive porphyry center

· Drill sites selected to test target area, and first-stage drill test permitting complete

· See also Jasper Canyon project description

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Hardshell Skarn, Arizona

Target Commodity: Cu-Au-Ag

Partnership Status: BCE  wholly owned and available for partnership

Land Position: 293 acres; 16 U.S. unpatented lode mining claims

Property Location: Sunnyside area; Santa Cruz County, Arizona; Patagonia Mountains

·         High-grade copper-gold-silver skarn target located in historic mining district between Sunnyside porphyry copper system and Hardshell silver-copper-manganese replacement deposit (both with historic mineral resources defined by Asarco in 1970’s exploration)

·         Historic high-grade drill intercepts of polymetallic skarn in Paleozoic carbonate rocks along BCE property boundary

·         Significant thicknesses of silicified and altered Paleozoic carbonate section outcropping on BCE property, with series of faults stepping the unit up across BCE ground and presenting opportunity to test multiple prospective stratigraphic levels

·         BCE geochemical and structural interpretation defines property as key intermediate piece between drill-defined deep skarn environment and the shallow, distal styles of mineralization represented by Hardshell

Jasper Canyon, Arizona

Target Commodity: Cu-Mo

Partnership Status: BCE wholly owned and available for partnership

Land Position: ~1,778.70 acres; 91 U.S. unpatented lode mining claims

Property Location: Globe-Miami mining district; Gila County, Arizona, northwest end of Globe Hills

·         Supergene and hypogene porphyry copper-molybdenum mineralization targets in northeast portion of world-class multi-porphyry-center Globe-Miami mining district

·         Tertiary faults have dramatically dismembered and extended district — a cluster of large porphyry Cu(-Mo) systems centered on a Laramide-age granitic pluton

·         Fault-bound deposit pieces include: Pinto Valley, Cactus-Carlotta, Copper Cities, Miami-Inspiration, and Old Dominion (BHP, Quadra, Freeport-McMoRan, others)

·         Approximately 60% of district remains covered by post-mineral sedimentary and volcanic rocks

·         Multi-year district-scale structural reconstruction by BCE geologists has resulted in new understanding of district’s mineralizing systems, structure, and the location of several yet-undiscovered portions of the porphyry centers hidden beneath post-mineral cover rocks

·         Jasper Canyon targets are fault-displaced upper portion of productive porphyry center

·         Adjacent drill hole demonstrates BCE interpretation of shallow cover with porphyry related mineralization at depth

·         See also Copper Springs project description