Bruner Metal Stream

Owned by Canamex Gold Corp, the Bruner gold and silver project is located in Nye County, Nevada. The region is home to several large gold mines, and Nevada is a friendly and safe jurisdiction for the mining industry.

Nevada Gold Mining

Nevada is perhaps the most famous mining gold mining jurisdictions in the world, and remains one of the largest and safest sources of gold globally.

The state of Nevada, United States of America
The location of the Bruner Project in Nevada

Nye County & the Bruner District

Canamex’s Bruner project is located in Nye County, one of the largest and most mineral rich counties in the United States. There are numerous gold districts in this county, with one of the world’s largest gold mines, Round Mountain, also located here.

Nevada Mining Overview

In 2017 Nevada produced 5.6 million oz of gold worth USD 7 billion, representing 71% of gold produced in the United States and 5.6% of the world's production.

Total gold production recorded from Nevada from 1835 to 2017 exceed 200 million oz, worth over USD 315 billion at today’s values.

Much of Nevada's gold production comes from large open pit mining using heap leaching recovery, such as that to be used at the Bruner project.

Nye County, founded in 1864, comprises more than 17,000 square miles in south-central Nevada and is studded with north-trending mountain ranges. The intermontane valleys are not drained, and streams terminate in sinks or salt-encrusted flats.

The most important mineral commodities of Nye County have been precious metals, with several high-quality mines operating in the county.

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Canamex’s Bruner Gold & Silver Project

Canamex completed an updated Preliminary Economic Assessment (PEA) on the Bruner project in 2018, showing defined metal resources of around 391,000 oz of gold. MetalStream has signed a forward purchase agreement with Canamex for 50,000 oz gold, which will be used to back the issuance of 10 million MSGLD tokens.

Canadian Listed company

Canamex Gold Corp is a public listed company incorporated in British Columbia, Canada, trading on the Canadian Securities Exchange (CSE: CSQ). Its primary business is precious metals exploration and mine development

30 years in the industry

Originally incorporated in Alberta, Canada, in 1987 to pursue exploration of minerals. Canamex has a 30 year pedigree in exploration and mine development, and is now focused on development of its Bruner project.

Strong leadership team

Canamex brings together a diverse and experienced team of industry leaders, combining traditional mining with finance, marketing and technology expertise.

Future focused and innovative

Canamex is using a metal stream financing structure to fund development of the Bruner project. This allows Canamex to progress development without diluting shareholders or incurring expenses via debt financing.


Canamex granted exclusive rights to the mineral claims of the Bruner Gold and Silver Project in Nevada, United States.


Exploratory drilling commences. The drill results confirm that Bruner is a highly prolific mining development project for both gold and silver.


Canamex acquires a 70% interest in the Bruner project and arranges financing to purchase the underlying patented claims.


Initial Preliminary Economic Assessment (PEA) of the Bruner project completed, and Canamex acquires 100% of the ownership rights.


David Vincent joins the company as CEO, with a specific mandate to pursue project financing, using the unextracted gold as leverage.


Updated PEA shows improved economic viability for the Bruner project. The company changes its name to Canamex Gold Corporation, and is listed on the Canadian Securities Exchange.


Financing of the Bruner gold and silver project through a forward purchase agreement with MetalStream Ltd for 50,000 oz gold. MetalStream will use the gold to back the issuance of 10,000,000 MSGLD tokens.

Drill Intercepts

Bruner has some of the best drill intercepts in Nevada USA, which includes 110m at 4.08g/ton of gold and 57.9m at 5.23g/ton of gold. A typical grade for open cut oxide mines (such as Bruner) is 0.5g/ton.


The project is currently estimated to have total resources of around 391,000 oz of gold and 3,641,000 oz of silver, with potential expansion of these resources through further drilling, with over 80% of the project relatively unexplored.

Projected IRR

At a gold price of USD1,500 per oz, Bruner’s projected internal rate of return (IRR) is over 60% pre-tax. A good mining operation typically has a pre-tax IRR of 20% and above.

Capital Payback Period

The average annual gold production is forecast at 42,500 ounces over 10 years, at an average cost of USD577 per oz for the initial two years, giving a capital payback period of less than 15 months.


As extraction source and facilities over the initial two years of production is located entirely on patented claims, permits can be readily obtained. Furthermore, 90% recovery of gold from crushed material is projected from a single stage of oxide heap leach processing, based on sample testing.

 Project Summary

For a more detailed summary of the Bruner project, based on the 2018 PEA, please refer to the Canamex Blog on Medium.

 2018 PEA Report

The full 2018 Updated PEA Report is available for download and reference.

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