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Bralorne High Grade Drill Intercept Confirmed at 409.5 g/t Gold Over 1.2 Metres and Second Vein at 11.8 g/t Gold Over 1.9 Metres in Hole UB12-015
Published : December 17, 2012
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 17, 2012) - Bralorne Gold Mines Ltd. (News - Market indicators)(OTCQX:BPMSF)(FRANKFURT:GV7) (the "Company") provide the following update of drilling results at the Bralorne mine operation located near Gold Bridge, British Columbia, where the Company is exploring and building a new gold mining operation.

The high grade assay previously announced drill for hole UB12-015 (News Release: October 1, 2012) was confirmed by a second assay as 409.5 grams gold per tonne (uncut) over a 2.1 metre core interval (11.94 ounce gold per ton over 7.0 feet). Geochemical results for silver in this intercept are also high at 525.5 grams per tonne. This intercept is a quartz vein containing visible gold that is situated close to the new mine workings in the BK-3 area. The 3900 West sub level has now been driven west past this intercept along the mineralized BK vein and assay results are pending.

Another gold-bearing quartz vein intersected in the same drill hole returned 25.0 grams gold per tonne (uncut) over a 0.6 metre core interval (0.729 ounce gold per ton over 2.0 feet). Together with adjacent mineralized rock, the weight average assay is 11.8 grams gold per tonne (uncut) over a 1.9 metre core interval (0.347 ounce gold per ton over 6.4 feet). This intercept is an unexpected structure parallel and south of the BK-3 zone. Follow-up exploration drilling is planned.

Surface drilling commenced in the Bralorne-Pioneer gap area on September 3, 2012 after the permit was received. Two holes were completed and one hole was abandoned, for a total of 618.4 metres drilled. Two new gold bearing structures were identified and a significant intercept was obtained on the 77 vein. Significant assay results received to date are also provided in the table below. The results are very encouraging, particularly since the 77 vein was the most productive vein in the historic mine but was not explored much between the historic Bralorne and Pioneer properties. Additional drilling is planned in this area for next year.

Significant Diamond drill intercepts received to date as listed in the table below:

          Core True Core        
      From To Interval Width Interval Au Au    
Hole Az. Inc. (m) (m) (m) (m) (ft) (g/T) (oz/ton) Gold Target
                       
UB12-001 349 -31 43.9 44.0 0.2 0.2 0.6 8.78 0.256   New Find
UB12-001 349 -31 76.4 76.7 0.3 0.2 0.9 63.60 1.855 VG BKN split
UB12-003 349 -12 55.9 56.2 0.3 0.3 1.1 114.00 3.325 VG BKN
UB12-003 349 -12 61.1 61.5 0.5 0.4 1.5 12.60 0.367   BKN HW
UB12-005 334 -7 69.2 70.9 1.7 1.3 5.6 4.10 0.120   BKN
UB12-006 336 -22 79.8 80.2 0.3 0.3 1.1 3.73 0.109   BKN
UB12-012 334 +77 9.9 10.4 0.5 0.2 1.6 9.30 0.271   New Find
UB12-013 14.2 +38 112.2 113.4 1.2 1.0 4.0 6.88 0.201   BK
UB12-014 9 +61 103.6 104.1 0.4 0.2 1.4 6.88 0.201   BK FW
UB12-015 335 +59 88.4 89.0 0.6 0.3 2.0 25.00 0.729 VG New Find
UB12-015 335 +59 89.0 90.3 1.3 0.7 4.4 5.93 0.173   "
UB12-015 335 +59 163.7 165.8 2.1 1.2 7.0 409.51 11.944 VG BK
                       
SB12-002 175 -49 224.5 224.7 0.1 0.1 0.4 6.70 0.195   New Find
SB12-002 175 -49 246.7 246.9 0.2 0.2 0.6 47.90 1.397 VG New Find
SB12-002 175 -49 303.1 303.4 0.3 0.3 1.0 22.00 0.642   77 vein
 
Abbreviations: VG = visible gold, QV = quartz vein, QSTZ = quartz veinlet zone, ALT = altered zone
Au = gold, oz/ton = ounce per ton, Az = azimuth, Inc = inclination, HW = hanging wall, FW = foot wall, BK = BK vein, BKN = BK North vein
 

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

Thorough QA/QC protocols are followed on the project by monitoring the results of blank and standard samples inserted at a frequency of 1 in 20 each and re-analysis of check samples at a second laboratory. Drill core samples are submitted for preparation and analysis directly to either ALS Laboratory Group in North Vancouver or SGS Laboratory in Vancouver, both of which are ISO certified and accredited. Analysis is conducted on 1 assay-ton aliquots using the fire assay method with a gravimetric finish. Metallic sieve assays are done on all mineralized quartz vein samples. The project is under the technical supervision of Dr. Matt Ball, P.Geo., President and Chief operating Officer of the company and qualified person ("QP") as defined by National Instrument 43-101, who has reviewed the technical content of this release.

The Company has filed its recent Preliminary Economic Assessment report which now is available at: www.sedar.com.

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
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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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