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BRALORNE GOLD MINES LTD. DRILL RESULTS SHOW EXTENSIONS TO THE BK
AND ALHAMBRA VEIN SYSTEMS AND THE INDENTIFICATION OF NEW VEIN
STRUCTURES WITHIN THE HISTORIC BRALORNE CAMP, BRITISH COLUMBIA
Bralorne Gold Mines Ltd. (The �Company�) is pleased to announce that it
has completed a highly successful surface drill program in the
unexplored areas of the King-Bralorne Gap ending in December of
2008. The goal of the surface drill program was to test the
extent of the BK vein as well as establish continuity between
structures. This was achieved through drilling and continued
modeling of the historic and newly discovered BK Vein. In
addition, the program appears to have successfully extended the known
extent of the Alhambra Vein and to have indentified three additional
vein structures in the King-Bralorne Gap area.
The 2008 Drill program consisted of a sixteen
(16) holes, 3376.88 meter program including drill holes SB-08-133
through SB-08-148. The goal of the program was to investigate the
possibility of extensions to the BK zone discovered in 2007 (See news
release: July 9, 2007) and the Alhambra Vein.
"Copy link to view Newly Identified Zones"
http://www.bralorne.com/s/Development.asp
(Figure 1: Plan View of Vein Intercepts and Models based on 2008
Drilling and Historic Data Mining)
Prior to this program, the company invested a
great deal of time and effort into data mining, digitizing historic
data and incorporating current information, in an effort to produce a
complete, comprehensive 3-dimensional (3D) model on the mines and the
area of unexplored interest. This model resulted in a better
understanding of the mineralized zones and is used to enhance the
direction of future exploration and development.
Logging of
core and plotting drill intersects in 3D, combined in concert with the
3D mine model has shown that the drilling has intersected numerous
quartz structures with mineralization. These coincide with the known
King Vein, BK Vein and Alhambra Vein. However, the 2008 drill data and
3D models show the potential for extensions to the BK Zone of
approximately 1000 meters in addition to the current strike length of
approximately 600 meters and Alhambra Vein appears to have a 1500
meters extension to its existing structure based on modeling and drill
intercepts.
In addition, it
appears that there is an intermediate structure between the King Vein
and BK Vein with an approximate 1200 meters strike length. To the south
of the Alhambra Vein extension, there is also strong evidence of a
structure with a strike length of approximately 1300 meters and further
south but offset to the east of this there appears to be another
structure with an approximately 850 meters of strike length.
The Company is
looking forward to start driving the new portal in the spring from the
east side of the mountain to intercept the BK zone some 300 ft above
the previously developed BK Vein drift program in 2008. (See news
release: May 5, 2008).
The reader is
cautioned that strike lengths and distances imply continuity and it is
not guaranteed that these structures will be completely mineralized or
will be eventually resources and/or reserves.
It should be noted
that for thin vein deposits, resource and reserve definition requires
closely spacing drilling and underground drift and raise development in
order to establish thickness, continuity and grade. This work is still
required to establish the structures as reported in this release as
resources and/or reserves.
Bralorne�s on-site
laboratory has supplied preliminary assay results however, these
results require verification prior to release. The verification of
these assay results is underway together with appropriate validation
and verification from a certified assay laboratory (Eco Tech Laboratory
Ltd., Kamloops) including quality assurance/quality control procedures.
All assay results will be verified and released when available.
Garth Kirkham, P.
Geo. has reviewed and approved the content of this press release and is
a qualified person as defined by NI43-101.
The Bralorne mine is located 150 air miles from Vancouver, BC. The
Company is re-developing the former and very successful Bralorne,
Pioneer and King gold mines which rich with history, data and
potential. From 1928 to 1971, these three operations produced 4.15
million ounces of gold from 7.9 million tons of ore (equalling a grade
of 0.53 ounces per ton). Bralorne, Pioneer and King represent the
largest historic gold producers in the Canadian Cordillera. The Company
remains well funded with no long-term or short-term debt.
For further information, please contact:
Bill Kocken, President and
Director
Johnathon Smith, IRO
ON BEHALF OF THE
BOARD
�William Kocken�
___________________________________
William
Kocken,
President
The TSX Venture Exchange
has not reviewed and does not accept the responsibility for the
accuracy or adequacy of this release.
Cautionary
Note Regarding Forward-Looking Statements: This Press Release contains
forward-looking statements that involve risks and uncertainties, which
may cause actual results to differ materially from the statements
made. When used in this document, the words "may",
"would", "could", "will",
"intend", "plan", "anticipate",
"believe", "estimate", "expect" and
similar expressions are intended to identify forward-looking
statements. Such statements reflect our current views with respect to
future events and are subject to such risks and uncertainties. Many
factors could cause our actual results to differ materially from the statements
made, including those factors discussed in filings made by us with the
Canadian securities regulatory authorities. Should one or more of these
risks and uncertainties, such actual results of current exploration
programs, the general risks associated with the mining industry, the
price of gold and other metals, currency and interest rate
fluctuations, increased competition and general economic and market
factors, occur or should assumptions underlying the forward looking
statements prove incorrect, actual results may vary materially from
those described herein as intended, planned, anticipated, or expected. We
do not intend and do not assume any obligation to update these
forward-looking statements. Shareholders are cautioned not to put undue
reliance on such forward-looking statements.
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