Bralorne Gold Mines Ltd

Published : September 14th, 2010

BRALORNE EXPLORATION AND DEVELOPMENT UPDATE WITH HIGH GRADE RESULTS

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Keywords :   Diamond | Gold | Gold Mines | Market | Troy Ounce |
 

BRALORNE GOLD MINES LTD

TSX Venture                                            BPM
OTCBB                                                     BPMSF
Frankfurt/Berlin                      WKN A0B75M

52-week range                     $0.65 - $1.20
Shares Outstanding                      22,874,425

Investor Relations                    604.682.3701

 
BRALORNE EXPLORATION AND DEVELOPMENT
UPDATE WITH HIGH GRADE RESULTS


Bralorne Gold Mines Ltd. (the ?Company?) is pleased to report on results of on-going surface and underground exploration at its Bralorne Pioneer Mine property. 

Surface Exploration
Surface Diamond drilling in the BK Gap tested the BK zone and inferred parallel veins. Significant mineralization was intersected on the BK vein in drill hole 149, which assayed 43.51 g/T gold (1.269 oz/ton) over 0.9 meters, with the check assay result being 104.5 g/T gold (3.048 oz/ton).  The intersect is located on the upper BK vein, above and to the west of the mineralized area currently being developed on the 800 Level.  Holes 165 through 169 were drilled to follow-up the high grade intercept encountered in hole 149, positive results were obtained for holes 165, 166, 167 and 169.  Hole 169 intersected visible gold within quartz vein mineralization but the assays results have not been received yet.  Significant results for all the holes in the BK Gap are summarized in Table 1 below. 
 
The drilling results are considered very positive as they indicate a possible second mineralized shoot above and to the west of the one currently being developed on the 800 Level.  This mineralized zone could be accessed from the decline that was initiated in 2009 to develop the BK vein at the 575 Level. 

All holes were drilled at NQ size and the recovered core was split for sample collection.  Half of the core was sent for analysis and the other half is stored at the core facility located at the mine site. Samples were shipped to Eco Tech Laboratory Ltd. in Kamloops, BC, and gold geochemical analysis was done by the fire assay method using a 1 assay ton charge.  Quality control is being monitored by inclusion of reference standards and blank samples in 10% of the samples and by repeat analysis on selected pulps. Additional analysis of selected samples will be done at a second commercial laboratory as a further check. All assay rejects are being retained at the site for further analysis if required.


Table 1. Significant Drill Hole Assays from BK Zone
 DDH Az.
Inc.
From
(m)
To
(m)
Core Interval
 (m)
True Width
(m)
Au
(oz/ton)
Au
(g/T)
Comment
Target
 SB09-149  360 -45
 172.1  173.0  0.9  0.6  1.269  43.51  Vein Zone
(50% vein)
 BK
 "
     176.2  176.9  0.8  0.5  0.167  5.73  Vein  BK
 SB09-151  360  -57  54.6  55.0  0.5  0.2  0.141  4.83  Vein  Alhambra
 "      55.0  55.8  0.8  0.4  0.098  3.36  Vein Zone
(50% vein)
 Alhambra
 "      178.7  179.2  0.5  0.2  0.277  9.50  Vein -
Contains VG
 BK
 SB09-154  360  -54  20.7  21.6  0.9  0.5  0.098  3.36
 Alteration Zone
 Alhambra
 "      149.4  150.3  0.8  0.4  0.129  4.42
 Vein  BK
 "      192.0  192.9  0.9  0.5  0.137  4.70
 Alteration Zone
 BK North?
 SB09-158  360  -55  95.3  96.0  0.7  0.3  0.113  3.87
 Alteration Zone
 Alhambra?
 "      165.5  165.8  0.3  0.2  0.347  11.90
 Vein  BK South
 "      202.4  203.0  0.6  0..3  0.104  3.57
 Vein Zone
(15% vein)
 BK
 "      208.1  208.8  0.7  0.3  0.142  4.87
 Vein Zone
(18% vein)
 BK
 SB09-160  360  -56  228.9  230.7  1.8  0.9  0.120  4.10
 Alteration Zone
 BK North
 "      232.9  234.1  1.2  0.6  0.105  3.60
 Alteration Zone
 BK North
 "      254.8  255.7  0.9  0.5
 0.100  3.43
 Alteration Zone
 BK North
 SB09-161  360  -55  74.4  77.4  3.0  1.5  0.188  6.44
 Alteration Zone
 Alhambra
 "      78.3  79.9  1.5  0.8  0.203  6.97
 Alteration Zone
 Alhambra
 "      163..4  164.7  1.3  0.7  0.156  5.36
 Alteration Zone
 BK
 SB09-162  180  -45  135.0  135.8  0.8  0.5  0.095  3.26
 Alteration Zone
 BK 8
 SB09-163  180  -45  15.2  15.8  0.6  0.4  0.197  6.75
 Vein  BK 11
 SB-165  7  -46  83.0  83.8  0.8  0.5
 0.304  10.42
 Vein Zone
(50% vein)
 BK 6
 SB-165  7  -46  171.6  172.6  1.0  0.6  0..736  25.23
 Vein
 BK
 SB-166  6  -53  53.8  54.4  0.6  0.3  0.105  3.61
 Alteration Zone
 BK 6
 SB-166  6  -53  202.4  204.2  1.8  1.0  0.594  20.37
 Vein -
Contains VG
 BK
 SB-167  6  -57  167.6  168.6  0.9  0.4  0.150  5.15  Alteration Zone
 BK 6
 SB-167  6  -57  234.3  235.2  0.9  0.4  0.759  26.00  Vein -
Contains VG
 BK
 SB-168  352  -45  169.0  170.1  1.1  0.7  Pending  Pending  Vein  BK
 SB-168  352  -45  173.9  175.1  1.2  0.7  Pending  Pending  Vein  BK
 SB-169  352  -49  84.3  85.2  0.9  0.5  Pending  Pending  Vein Zone (30% vein)
 BK 6
 SB-169  352  -49  85.2  86.0  0.8  0.4  Pending  Pending  Vein  BK 6
 SB-169  352  -49  193.4  194.2  0.8  0.4  Pending  Pending  Vein Zone
(50% vein)
 BK
 SB-169  352  -49  194.2  194.9  0.8  0.4  Pending  Pending  Vein  BK
 SB-169  352  -49  194.9  195.5  0.8  0.3  Pending  Pending  Vein -
Contains VG
 BK
abbreviations: DDH = Diamond drill hole; m = meter; Au = gold; oz/ton = troy ounce per short ton; g/T = grams per metric tonne; VG = visible gold.

Cautionary Note: The company considers all intersects assaying 0.1 oz/ton Au or greater as significant, but cautions that the intersect data is preliminary in nature and not conclusive evidence of the likelihood of the occurrence of an economic mineral deposit.

Underground Exploration
Underground exploration is continuing at the property with trial mining of the BK vein, as well as a raise and sublevel exploration of the North vein.  On the BK vein, trial mining by shrinkage stoping was initiated from the 800 level.  The mineralized zone is being tested over a strike length of 100 meters with an expected upwards extension of 60 meters in this block.  The North vein, situated in the historic King mine, is being explored by raises and sublevels to confirm the resource block located between the 800 and 700 levels. Trial mining by the room and pillar method is planned to follow. Development material from both areas is being stockpiled for bulk sampling.
 

To date, approximately 5500 tons of material has been stockpiled at the main 800 level portal and approximately 4500 tons remains in broken inventory underground.   The grade of this material is expected to average between 0.25 and 0.35 ounce per ton gold, as determined from numerous samples collected from excavated material and development faces.  These samples were analyzed at either the mine laboratory or at Ecotech Laboratory in Kamloops by fire assay using standard or metallic assay methods. Quality control included insertion of blank and standard samples at a frequency of 10%.

The Company is planning to re-start the mill this fall when enough material has been stockpiled to support milling at a rate of 100 tons per day.  Once the development muck has been processed successfully, the company plans to continue mining and milling all the material available from the North and BK-800 areas.  Further underground exploration development will be directed at indicated and inferred resources on the upper BK vein, as well as the 51BFW, Taylor and 52 veins accessed from the 400 Level .  This development work will be aimed at defining more sources of mill feed in order to sustain operations.

Dr. Matt Ball, P.Geo., Chief Operating Officer for the Company, is the qualified person who prepared the technical information contained in this news release.

For more information, please visit our website at:   www.bralorne.com




ON BEHALF OF THE BOARD


?William Kocken?
___________________________________
William Kocken,
President & CEO


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release contains statements that are forward-looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading ?Risk Factors? and elsewhere in the Company?s periodic filings with Canadian securities regulators. Such information contained herein represents management?s best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.

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Bralorne Gold Mines Ltd

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CODE : BPM.V
ISIN : CA1050411075
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Bralorne Gold is a gold producing company based in Canada.

Its main exploration property is BRALORNE MINE in Canada.

Bralorne Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 5.6 millions as of today (US$ 4.9 millions, € 3.9 millions).

Its stock quote reached its highest recent level on December 30, 2005 at CA$ 3.10, and its lowest recent point on October 03, 2014 at CA$ 0.14.

Bralorne Gold has 28 510 000 shares outstanding.

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Annual reports of Bralorne Gold Mines Ltd
2008 Annual report
Annual Report 2007
Financings of Bralorne Gold Mines Ltd
5/24/2013Announces Cancellation of Convertible Debenture Financing
10/1/2009MGI securities brokered private placement 1st & 2nd closings
6/23/2009Closes $391,465 Non-brokered private placement
Option Grants of Bralorne Gold Mines Ltd
3/18/2013Announces Investor Relations Services Agreement
Project news of Bralorne Gold Mines Ltd
6/14/20111st month results from gold production
5/4/2011(Bralorne Mine)Starts 2011 Exploration Program
1/24/2011(Bralorne Mine)MILL PERMIT DRAFT RECEIVED
10/22/2009 2009 diamond drilling program commences to expand BK zone
6/10/2009(Bralorne Mine)Increases NI 43-101 resources to 77,750 ounces of Gold
2/9/2009(Bralorne Mine)DRILL RESULTS SHOW EXTENSIONS TO THE BK AND ALHAMBRA VEIN SY...
6/3/2008(Bralorne Mine)METALLURGICAL TESTING CONFIRMS BRALORNE'S MILL; IDEAL FOR PR...
12/31/2006(Bralorne Mine)2006 Technical report
Corporate news of Bralorne Gold Mines Ltd
10/17/2013Announces Results of Adjourned Annual General and Special Me...
10/9/2013Signs New 2014 Gold Concentrate Sales Contract
9/9/2013Surface Operations Resume at Bralorne
7/19/2013Operation Suspended
5/31/2013.: BCSC Notice of Hearing
4/24/2013Announces Convertible Debenture Financing of Up to $7.5 Mill...
4/16/2013Development Drift Results Show 63.6 Metres Grading 59 g/t Go...
3/25/2013.: Drifting on New Vein Discovery Averages 40.6 g/t Gold Ove...
11/8/2012.: BCSC Technical Disclosure Review
10/17/2012PEA Demonstrates a NPV of $6.4 Million for the Bralorne Oper...
10/1/2012Intersects 385.57 g/t Gold Over 1.2m at BK-3 Zone
4/4/2011Canada's Next Gold Producer - Bralorne Gold Mines Ltd. - BPM...
3/4/2011BRALORNE MOVES FORWARD TO START MILLING
8/16/2010Adjourned Annual General & Special Meeting to Friday, Septem...
10/7/2009recieves permit to mine the 51B and Taylor Zone
11/25/2008 RECEIVES PERMIT FOR DEVELOPMENT ON "UPPER BK VEIN"
9/17/2008News Release
1/8/2008Investor Digest
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