Bralorne Gold Mines Ltd.

Bralorne Gold Mines Ltd.

March 02, 2010 08:00 ET

Bralorne Gold Mines Ltd.: Western BK Raise Averaged 35.23 g/T Au Over a Length of 36.5 Meters With a True Width of 0.79 Meters

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 2, 2010) - Bralorne Gold Mines Ltd. (the "Company") (TSX VENTURE:BPM)(PINK SHEETS:BPMSF)(BERLIN:GV7)(FRANKFURT:GV7)(WKN:A0B75M) is pleased to report results from the second (Western) of two raises driven on the BK vein to define the gold mineralized shoots above the 800 Level. The two raises were driven from the drift level to confirm the grade and the limits of potentially economic mineralization encountered in two sections of the drift in 2008.


The western raise was driven to a total of 36.5 meters (120 feet). The grade of the vein from 15 assay traverses ranges from 1.54 to 136.97 g/T Au (0.045 to 3.995 oz/ton) with an average grade of 35.23 g/T Au (1.028 oz/ton) over a true width of 0.8 meters (2.6 feet). The grade of the zone over a minimum mining width of 1.2 meters (4.0 feet) averages 25.2 g/T Au (0.736 oz/ton) uncut, or 22.9 g/T Au (0.668 oz/ton) using the historical mine cutting procedure of reducing assays over 3.0 to 3.0 oz/ton. The results are comparable to the average grade of the same mineralized shoot on the 800 Level drift, which is 24.8 g/T Au over 1.3m (0.722 oz/ton over 4.4 ft) along a strike length of 53.9 meters (177 ft). The vein at the top of the raise is mineralized, indicating that the raise did not reach the upper limit of the gold mineralization.


280 feet of the extraction drift has been complete on the BK extraction drift during February 2010 and also the draw points No.1 thru No.4. Draw points No. 5 thru No.12 consist of another 360 feet of developments to be completed. When the extraction drift and draw points are done the crews will be ready to start stoping the ore zone. Upon completion the crews will begin to stockpile our target of 30,000 tons of ore to have a year worth of production ahead of us.


As previously announced on February 1, 2010, the eastern raise was driven to a length of 29 meters (96 feet). The grade of the vein from 11 assay traverses ranges from 2.78 to 60.7 g/T Au (0.081 to 1.770 oz/ton) with an average grade of 20.7 g/T Au (0.604 oz/ton) over a true width of 0.6 meters (1.9 feet). The average grade of the zone over a nominal mining width of 1.2 meters (4 feet) is 11.9 g/T Au (0.348 oz/ton).


A new, unexpected vein was cross cut in the new 400 Level Adit, which was recently broken through to the Bralorne 400 Level. The vein was encountered at 60 meters from the portal, just east of historic workings on the Coronation or 77 vein. The vein showed a banded texture that is characteristic of ore-bearing veins in the camp so it was explored by drifting to the east 7.3m and west 11m of the cross-cut. The grade of the vein from 10 assay traverses ranges from 0.79 to 66.65 g/T Au (0.023 to 1.944 oz/ton) with an average grade of 9.95 g/T Au (0.290 oz/ton) over a true width of 0.8 meters (2.7 feet). The grade of the zone over a minimum mining width of 1.2 meters (4.0 feet) averages 4.4 g/T Au (0.129 oz/ton) over an average width of 1.3 meters (4.2 feet). Top cutting was not required as there were no extreme high assays. The vein is interpreted to be a split off of the main Coronation (77 vein). Further investigation is planned to determine its potential extensions.

Underground chip samples were collected by employees of the company and preliminary assays were performed by employees at the on-site assay laboratory. Normal fire assay procedures were followed using 30g (1 assay ton) charges. Repeat analyses and/or metallics screen assays are routinely performed on high grade samples. Check sample pulps and rejects were submitted to Eco Tech Laboratories in Kamloops for verification. Most of the assay results reported above (56 out of 69) are check assay results from Eco Tech.

Dr. Matt Ball, P.Geo., and Chief Operating Officer, is the Qualified Person responsible for the technical information contained in this news release.

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 (equaling 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 more information, please feel free to visit our website at:


William Kocken, President & 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.

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