Beaverdell Gold Silver Project, BC

Ownership:

• 100% St. Elias Mines                                                                                      

Property Option Agreement:

• On August 15, 2007 Intigold Mines Ltd. (“IntiGold”) signed an option agreement with St. Elias Mines Ltd., whereby IntiGold has the option to purchase the Beaverdell Mineral Claim as to 70% subject to a series of “milestone” based obligations such as payments (cash and shares) and work commitments.

Mineralization:

• Silver rich fault bounded veins
• Gold rich contact metasomatism
• 23 BC Ministry of Mines Minfile database Mineralized Occurrences
  • 9 Past Producers
    • Highland Lass (4,735 tonnes mined)
      • Recovered: 30,925 kg Ag, 5,940 kg Au, 487,528 kg Zn and 313,371 kg Pb
      • Highland Chief (13 tonnes mined)
        • Recovered: 72,252 g Ag, 836 kg Pb, 797 kg Zn
        • Revenge (115 tonnes mined)
          • Recovered: 564,053 g Ag, 310 g Au, 5,487 kg Pb and 3,088 kg Zn
        • Rosemont (107 tonnes mined)
          • Recovered: 1,928 g Ag and 1,462 g Au
        • Inyo-Ackworth (13 tonnes mined)
          • Recovered: 3,639 g Ag, 62 g Au, 1,171 kg Zn and 1,158 kg Pb
        • Standard Fr. (171 tonnes mined)
          • Recovered: 531,892 g Ag, 31 g Au, 2,776 kg Pb and 2,263 Zn
        • Buster (7 tonnes mined)
          • Recovered: 19,919 g Ag, 813 kg Zn and 225 kg Pb
        • Gold Drop (10 tonnes mined)
          • Recovered: 8,305 g Ag, 31 g Au, 517 kg Pb and 430 kg Zn
        • Enterprise (87 tonnes mined)
          • Recovered: 4,261 g Ag, 373 g Au, 1,542 kg Cu, 565 kg Zn and 399 kg Pb
      • 8 Prospects
        • Cranberry
        • Laurion
        • Wombat
        • Doorn
        • Alaska
        • Boundary
        • Florence
        • Washington
      • 6 Showings
        • Knob Hill
        • Ellsworth
        • Mary-O
        • Ivy
        • Bug
        • Nipper

Technical Reports (43-101):

• Technical Report On The Beaverdell Property, Greenwood Mining Divison British Columbia, Canada, dated May 28, 2010 – filed with Sedar.com – 43-101 Technical Report

The Property:

The Beaverdell Silver/Gold Property is situated in the Okanagan Highlands of south central British Columbia, approximately 45 kilometres south-southeast of Kelowna. Access is by paved Provincial Highway No. 33 to the nearby settlement of Beaverdell.  Numerous overgrown logging roads and drill trails provide convenient access throughout the property and to the principal mineralized showings.

The property covers 15,550 hectares (155.5 km²) and is located within the prolific Beaverdell Mining Camp of south-central B.C.  The property covers at least 23 zones of silver and gold mineralization. 
The Beaverdell Project is located within the historic Beaverdell Mining Camp, an area with numerous known mineral occurrences and significant past producers. In the Beaverdell Mining Camp silver-lead-zinc ores predominate. Mineralization is composed of galena, sphalerite and pyrite with lesser amounts of arsenopyrite, tetrahedrite, pyrargyrite, chalcopyrite, polybasite, acanthite, native silver and pyrrhotite in a gangue of mainly quartz with lesser amounts of calcite and fluorite. Two types of mineralization are common in the area: 1] fault bounded veins in the Middle Jurassic Westkettle Batholith such as those that occur in the Mount Wallace, Cranberry Ridge, Nelse Creek and King Solomon Areas; and 2] contact metasomatism between Middle Jurassic Westkettle Batholith and the Carboniferous-Permian Wallace Formation such as the mineralization seen in the Mullins Hill and St. John Ridge areas.

The major producing mines from the Beaverdell mining camp were the WELLINGTON, SALLY, BEAVER and BEAVERDELL. All of these past producers are of the first type of mineral deposit described above. A total of 1,223,655 tonnes were mined intermittently between 1901 and 1991 from the Beaverdell mining camp. Recovery totalled grams (approx. 43,000,000 ounces) of silver, 544,452 grams of gold, 11,657 kilograms of copper, 12,965,868 kilograms of lead, 15,405,037 kilograms of zinc and 58,171 kilograms of cadmium. Grades calculated from reported mined and recovered values range between 13 to 263 oz/tonne Ag, 0.004 to 1.64 oz/tonne Au, 1 to 12% Zn, 1 to 11% Pb.  The weighted average grades are 35 oz/tonne Ag, 0.016 oz/tonne Au, 1.22% Zn, 1.04% Pb. 

There was only one past producer, the Rosemont, of the second style of mineralization in the Beaverdell mining area.  The Rosemont mined 107 tonnes which yielded 1,928 grams Ag and 1,462 grams Au.

In 2007-2009 IntiGold conducted 3 discrete exploration programs on areas within the Beaverdell Property including a 560 sample geochemical survey, a 30 line kilometre total field magnetics geophysical program and a series of geochemical rock sampling programs. These exploration programs were designed to confirm historic reports, determine actual locations of known workings and showings and locate and define additional mineralized zones within the Property Boundaries.

Ongoing exploration including but not limited to IP/Resistivity geophysical surveys, mechanized trenching and sampling, geological mapping and prospecting are ongoing.  This work is expected to be completed by December 2011.

Terms of Property Option Agreement:

Intigold Mines Inc., by Formal Property Option Agreement On August 15, 2007, as amended August 20, 2007, and January 15, 2010, has the right to earn a 70% interest in the Beaverdell Project (the “Property”) from St. Elias by paying $250,000, issuing 400,000 common shares of IntiGold to St. Elias and incurring $1,000,000 in Property exploration expenditures.