Trading Symbol: BPM
Vancouver, B.C. - Bralorne Gold Mines Ltd. (BPM: TSX.V)("Bralorne") would like to provide an updated overview of Bralorne's progress over the years and to remind everyone to vote for the 2011 Annual General Shareholders meeting to be held on Thursday, July 28, 2011 at 10:30 a.m.
Shareholders can retrieve the AGM Materials, including a generic proxy form, from www.sedar.com and at the Company's website www.bralorne.com or they can contact the Company at 604-682-3701 to request a copy by email or fax. The proxy must be delivered to the Company's registrar and transfer agent, Computershare Investor Services Inc., Proxy Department, 100 University Avenue, 9th Floor, Toronto, Ontario, M5J 2Y1, or by fax within North America to 1-866-249-7775, and outside North America to (416) 263-9524, at least 48 hours, excluding Saturdays, Sundays and holidays, before 10:30 a.m. PST on July 26th, 2011.
Shareholders can contact the Company at (604) 682-3701 or Computershare customer service at 1-800-564-6253 within North America.
About Bralorne Gold Mines Ltd:
Since the beginning, it has been our stated goal to breathe life back into the Prolific Bralorne mining camp that produced gold reliably and profitably for the better part of a century prior to our involvement. After realizing the enormous potential remaining in the area, our management group became involved back in 1992 when we became the first company to hold the right to all three mines and significant gaps between the mines. Our first order of business was to assemble a quality management team with a shared vision for the future of the mine. With a world class team in place, work began to bring the property back to production. A mill was constructed in 2002 and exploration and development of the claims began. We quickly realized that the best strategy would be to explore the un-touched gaps that exist between the 3 old mines. Below is a brief summary of significant events that have helped define the progress achieved by Bralorne's management and staff in the recent past.
2006: As part of a comprehensive surface drill program to map unexplored portions of the Bralorne and Pioneer properties, in July, 2006 the company gets a sign of things to come with a discovery hole (SB-06-109B) that assayed 11.781 oz/ton Au over 1.1 feet).
2007: In 2007, Both surface and underground exploration focused on further outlining the discovery zone located in a 4km gap (Unexplored land package) between the historic Bralorne-King mines. The underground exploration was comprised of a 42 hole drill program that identified a mineralized zone with a strike length of roughly 1600 feet now known as the BK zone
2008: In 2008, while continuing to explore the newly discovered BK zone crews identified a 184 foot long high-grade section with an average width of 5.45 feet and a weighted average grade of 0.842 oz/ton Au.
2009: Despite the crippling economic downturn suffered at the end of 2008, Bralorne's management, undeterred, continued a surface drilling program with a goal to test the extent of the BK vein as well as establish continuity between structures.
Drilling data and block modeling from the 2008-9 programs illustrated the potential for extensions of the BK Zone of approximately 3280 feet in addition to the current strike length of approximately 1968 feet. Modeling also revealed that another vein known as the "Alhambra" appeared to have a newly discovered, 4921 foot extension to its existing structure. In addition, another intermediate structure between the King Vein and BK Vein with an approximate 3937 feet strike length was also identified.
To the south of the Alhambra Vein extension, we were now able to identify strong evidence of a structure with a strike length of approximately 4265 feet as well another structure to the East with an approximate 2788 foot strike length. These discoveries strongly validated management's strategy for exploration and development and showcase the property's ability to host a sustained mining operation for years to come.
2010: Construction and development work on the BK vein began late February with significant high grade results announced:
The western raise was driven to a total of 120 feet. The grade of the vein from 15 assay traverses ranges from 1.54 to 0.045 to 3.995 oz/ton with an average grade of 1.028 oz/ton over a true width of 2.6 feet. The grade of the zone over a minimum mining width of 4 feet averages 0.736 oz/ton uncut, or 0.668 oz/ton using the historical mine cutting procedure of reducing assays over 3.0 to 3.0 oz/ton. The results are comparable to the average grade of the same mineralized shoot on the 800 Level drift, which is 0.722 oz/ton over 4.4 ft along a strike length of 177 ft. The vein at the top of the raise is mineralized, indicating that the raise did not reach the upper limit of the gold mineralization.
2011: After the completion of development work on the BK zone the Company moved aggressively forward to stockpile ore on the surface and take an inventory of the reserve that has been accomplished. With a mill that has a capacity of 100 tpd (Tons per Day) the stockpile would be sufficient for at least one year worth of mill feed. The mill was operated nearly continuously during May, with gravity and flotation concentrates being produced. A total of 2252.57 tons (dry) were milled in May, with an average feed grade of 0.312oz/ton and a recovery of 93.52% Mill availability for the month was 84.2% Refined gravity concentrate was accumulated and the first gold bar (dore) was poured on May 27th which marked the official opening of the new Bralorne mine operation. Assays indicate the dore bar contained 254 ounces of gold and 59 ounces of silver. The concentrate has produced an approximate 444oz/Au and the Company is currently in the process of identifying a buyer for the concentrate product. Although the company's management has in essence achieved their goal of once again pouring gold bars at Bralorne, a huge amount of work remains. To succeed, the company must remain focused on underground development in order provide feed for the mill and sustain operations.
With the knowledge that has been gained through hands on experience working with the mines over the past decade, Bralorne's management team is poised to lead the company to the next level at this time when continuity is vital to the mines future.
Bralorne Gold Mines Ltd.
Johnathon Smith Investor Relations Officer
For further information, contact Bralorne Gold Mines Ltd. At (604) 682-3701 or via our website at: www.bralorne.com
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