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Bralorne Gold Mines Ltd.: BCSC Technical Disclosure Review
Published : November 08, 2012
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Keywords :   Gold | Gold Mines |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 8, 2012) - Bralorne Gold Mines Ltd. ("Bralorne" or the "Company") (News - Market indicators)(OTCQX:BPMSF)(BERLIN:GV7)(FRANKFURT:GV7): As a result of a review by the British Columbia Securities Commission ("BCSC"), the Company is issuing the following news release to clarify its disclosure.

On October 18, 2012, the Company filed on SEDAR a technical report dated October 15, 2012 entitled, "Preliminary Economic Assessment on the Bralorne Gold Mines Property" (the "Report"). The BCSC has identified issues with the report and author's certificates that are non-compliant with NI 43-101. Primarily, the Report contained a sensitivity analysis at a proposed production rate of 250 tonnes per day with a mine life of 10 years, which was based upon a potential expansion of mineral resources. This has been identified as contrary to the requirements of National Instrument 43-101. The Report was posted on the Company's website, and referred to in the Company's investor relations material and consequently the BCSC also identified issues with the Company's website and investor relations material.

The technical report will be revised and re-submitted to the BCSC and the website and investor relations materials are being withdrawn until they can be corrected. The Report will be revised and re-filed to ensure that any economic analyses are limited to known mineral resources and are qualified by the cautionary statements as required by National Instrument 43-101. 

The reader is cautioned not to rely on the non-compliant information previously posted on the website, including information in the technical report. 

ON BEHALF OF THE BOARD

William Kocken, Chief Executive Officer

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.

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.

Bralorne Gold Mines Ltd.
William Kocken
Chief Executive Officer
604.682.3701
604.682.3600 (FAX)
ir@bralorne.com
www.bralorne.com
Companies Mentionned : Bralorne Gold | Mineral Resources |
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Bralorne Gold Mines Ltd

EXPLORATION STAGE
CODE : BPM.V
ISIN : CA1050411075
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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
11/23/2010PLACES BOUGHT DEAL OF 689,655 AT $1.45 PER UNIT
10/1/2009MGI securities brokered private placement 1st & 2nd closings
6/23/2009Closes $391,465 Non-brokered private placement
5/7/2009ARRANGES 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
11/22/2012.: Preliminary Economic Assessment Amended
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
12/6/2010(Bralorne Mine)NEW RESOURCE IDENTIFIED ON BK VEIN
9/14/2010BRALORNE EXPLORATION AND DEVELOPMENT UPDATE WITH HIGH GRADE ...
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
4/9/2009(Bralorne Mine)Moves Forward With New Adit for BK Zone
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
6/28/2013
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...
3/4/2013.: President Letter to Shareholders
12/17/2012High Grade Drill Intercept Confirmed at 409.5 g/t Gold Over ...
12/17/2012High Grade Drill Intercept Confirmed at 409.5 g/t Gold Over ...
11/8/2012.: BCSC Technical Disclosure Review
10/17/2012PEA Demonstrates a NPV of $6.4 Million for the Bralorne Oper...
10/1/2012Intersects 385.57 g/t Gold Over 1.2m at BK-3 Zone
7/19/2011AGM UPDATE
4/4/2011Canada's Next Gold Producer - Bralorne Gold Mines Ltd. - BPM...
3/4/2011BRALORNE MOVES FORWARD TO START MILLING
12/8/2010BRALORNE CLOSES FINANCING WITH THE MINERALFIELDS GROUP FOR G...
11/19/2010NOTICE OF RETIREMENT
9/23/2010BK ZONE 4TH LIFT ASSAYS RANGE UP TO 5906.8 g/T OF GOLD OVER ...
8/16/2010Adjourned Annual General & Special Meeting to Friday, Septem...
10/7/2009recieves permit to mine the 51B and Taylor Zone
11/25/2008 RECEIVES PERMIT FOR DEVELOPMENT ON "UPPER BK VEIN"
9/17/2008News Release
1/8/2008Investor Digest
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TSX-V (BPM.V)FRANKFURT (GV7.F)
0.195-13.33%0.2440
TSX-V
CA$ 0.195
10/14 09:00 -0.030
-13.33%
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0.230 0.195
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0.195 0.195
Year l/h YTD var.
0.180 -  0.380 -39.06%
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0.180 -  0.380 -25.00%
Volume 1 month var.
17,050 2.63%
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