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BRALORNE INCREASES NI 43-101 RESOURCE TO 77,750 OUNCES OF GOLD
Bralorne
Gold Mines Ltd is pleased to report receipt of a National Instrument
43-101 Technical Report on its Bralorne Pioneer Mine property. The
report was prepared by Dr. Matt Ball, P.Geo., an independent
consultant, and contains an updated resource estimate for the property
that includes an estimate for the new BK Zone. The total
contained gold is estimated at 77,750 ounces/2,418,365 grams (Measured=
9,200oz / 286,262g & Inferred = 68,550oz / 2,132,103g). The
resource estimate is summarized in Table 1 below. All of the
resources are located above the 800 Level drift, with the exception of
part of the BK Zone.
Table 1. Updated Resource Estimate for the Bralorne Mine
Property.
Measured
Inferred
|
Vein
|
Tonnes
|
g/T Au
|
Tonnes
|
g/T Au
|
|
51B FW "A'
|
9,566
|
12.00
|
|
|
|
King
|
|
|
4,420
|
9.35
|
|
51B FW "B"
|
|
|
53,142
|
11.01
|
|
51B FW "C"
|
|
|
7,165
|
19.95
|
|
51B FW "D"
|
|
|
20,578
|
31.74
|
|
Taylor
|
|
|
40,000
|
8.57
|
|
BK Above 800 Level
|
3,884
|
21.26
|
6,260
|
21.53
|
|
BK Below 800 Level
|
4,176
|
16.24
|
10,766
|
21.53
|
|
Total
|
17,627.00
|
16.24
|
142,330
|
14.98
|
Abbreviations: Au = gold;
g/T = grams per metric tonne; m = meter
The BK estimate (Measured: 8,061 tonnes
grading 21.27 grams per tonne gold, plus Inferred: 17,026 tonnes
grading 21.53 grams per tonne gold) was done using a classical
polygonal approach following the methods empirically developed and
reconciled with production at the historic Bralorne mine, which
operated for over 40 years and produced more than 4.2 million ounces of
gold. The resource grade is based on face chip samples collected
in the 800 Level BK drift that was developed in 2008, and the block
limits are based on the results of in-fill drilling completed from
underground in 2007. The original assays from underground and
drill core samples have been verified by check sampling conducted by
Dr. Ball and assayed at Assayers Canada in Vancouver, and also by check
assaying of re-splits and re-samples done on behalf of BPM at Eco-Tech
Laboratory in Kamloops, BC.
Further work is also
recommended to address the substantial list of historical resource
blocks and otherwise NI 43-101 non-compliant resource blocks that are
currently not included in the mineral inventory. The overall
objective of the recommended work is to increase the mineral resource
inventory to a practical level that could lead to a production
decision.
To view the
technical report and further recommendations:
http://www.bralorne.com/s/TechReport.asp
Dr. Matt Ball,
P.Geo. is the qualified person who prepared the technical information
contained in this news release.
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.
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