Geology

There are several known mineral deposits surrounding Galore's properties. Galore has a significant portion of the mineralized area between the Bralorne Mines and the Prosperity deposit. A brief summary of these deposits is as follows:

Galore has a significant portion of the mineralized area between the Bralorne Mines and the Prosperity deposit.

Bralorne Mines

This past producer is approximately 25 kilometres south of Galore's properties and is one of Canada's historic gold producers. The mines have produced 4.1 million ounces of gold and are being tested for further production.

Prosperity

The deposit is approximately 20 kilometres north of Galore's property. Prosperity has reserves of 1,010 million tonnes grading 0.24% copper and 0.41g/tonne gold. The deposit is estimated to contain 3.9 billion pounds of copper and 9.2 million ounces of gold.

Poison Mountain

The copper molybdenum property is located 75 kilometres east of Taseko Lake. The property has reserves of 280 million tonnes grading 0.261% copper, 0.142 g/tonne gold, , 0.007% molybdenum and 0.514 g/tonne silver.

Taseko (Empress)

Galore's property surrounds this deposit. It has a mineral resource of 11,078,000 tons of 0.61% copper and 0.023 oz/ton gold. The property has not been fully drilled and these resources could increase with further exploration drilling.

Pellaire Mine

Recent exploration and development work gives an estimated mineralization of 90,000 tons of 0.79 oz/ton gold plus significantly more potential. Approximately 2,000 ounces of gold were produced in 2000 under a testing permit.