Bralorne Gold Mines Ltd.
TSX VENTURE : BPM
PINK SHEETS : BPMSF
BERLIN : GV7
FRANKFURT : GV7

Bralorne Gold Mines Ltd.

August 22, 2011 08:00 ET

Bralorne Drills Multi-Ounce Gold

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 22, 2011) - Bralorne Gold Mines Ltd. (TSX VENTURE:BPM)(PINK SHEETS:BPMSF)(BERLIN:GV7)(FRANKFURT:GV7)(WKN A0B75M) ("Bralorne") is pleased to provide the following update of activities at its Bralorne mine operation located near Gold Bridge, British Columbia.

DIAMOND DRILLING

Two multi-ounce intercepts have been obtained on the BK North vein (BKN). Hole SB11-001 intersected 2.72 ounce gold per ton over 2.0 feet, and hole UB11-001 intersected 6.59 ounce gold per ton over 0.9 feet. The BKN structure is a newly recognized vein that lies approximately 150 feet north of and parallel to the BK vein. Recent 3-D modeling of the vein in this area suggests that the high grade intercepts in hole SB06-109b (1.1 foot vein of 11.781 ounce gold per ton and 1.2 foot of 7.203 ounce gold per ton) are also on the BKN vein instead of the BK vein as was previously interpreted. The underground drill program will now be shifted to focus on the BKN vein to in-fill between the widely separated intercepts.

To date, a total of 15 holes have been completed for a total of 5725 feet of core, all targeted at the BK vein. Thirteen holes were drilled from surface, nine of which intersected the extension of the BK3 zone above the targeted area for the decline. One surface hole intersected the Alhambra vein. Two holes have been completed with the underground rig to test above the BK 800 stope and a third is underway. Significant intercepts obtained so far are listed in the table below.

Table of Significant Intercepts for 2011 Drill Holes Bralorne Gold Mines Ltd.


Hole


Az


Inc


From (ft


)


To (ft


)
Core
Interval
(ft


)
True
Width
(ft


)

Au
(oz/ton


)


Au (g/T


)


Comment


Target
SB11-001 350 -52 369.3 376.9 7.6 4.1 0.14 4.68 QV BK-3
SB11-001 350 -52 915.0 917.0 2.0 1.1 2.72 93.40 QSTZ BKN
SB11-005 350 -55 396.0 397.4 1.4 0.8 0.21 7.15 QV BK-3
SB11-006 0 -50 316.3 320.1 3.8 2.5 0.37 12.60 QSTZ BK-3
SB11-007 347 -46 287.7 291.8 4.1 2.7 0.13 4.31 QV BK-3
UB11-001 171 24 497.4 499.5 2.1 1.9 0.20 6.77 QV BK-800
UB11-001 171 24 328.3 329.6 1.3 0.3 0.25 8.57 QV BKN
UB11-002 173 30 530.2 531.2 1.0 0.8 0.25 8.46 QV BK-800
UB11-002 173 30 361.8 362.9 1.1 0.9 6.59 226.00 QV BKN

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.

All holes were drilled at NQ size and the core was cut in half for sample collection. One half of the core was sent for analysis at Eco Tech Laboratory Ltd. at Kamloops BC. Eco Tech is part of the Stewart Group of companies and currently applies a quality management system at this particular laboratory that is certified to meet the requirements of ISO9001:2008 for geochemical assay services. Gold concentration in quartz veins was determined by the metallics fire assay method. Quality control for fire assays is monitored by inclusion of reference standards and blank samples at a frequency of 20% each. Duplicate analyses will be performed on rejects of selected samples.

BK DEVELOPMENT

The BK decline was advanced 60 feet toward the upper BK-3 mineralized zone in July, and one re-muck and two safety cut-outs were excavated. A total of 570 feet remains to go until the mineralized zone is intersected at the 3700 foot elevation. Also, an incline to intersect the vein at the 3900 foot elevation was advanced 74 feet, with 466 feet remaining to be driven. Minor quartz veins were intersected but no significant assays were obtained. On the Bralorne 800 Level, slashing was done for the start of a man-way raise to be driven from 800 level to the BK3 workings, and a drill station is being excavated. Broken muck remaining in the BK 800 stope is continuing to be drawn and taken to the surface stockpile.

MILLING

Milling operations continued testing the bulk sample of stockpiled material, producing both gravity and flotation concentrates. Total year to date gold produced to the end of July was 1564 ounces. Gold dore smelted from the gravity concentrate totalled 937 ounces, gold in flotation concentrate was 567 ounces and the balance of 59 ounces is in-circuit inventory. The dore represents 62% of the gold production. This is similar to the results of past milling in 2004 and 2005. Dry tons milled in July were 1632 dry and recovery averaged 93%. Mill availability for July averaged 62% with the mill being down for 8.5 days on account of the thickener drive and the glands of the tailing pumps. The Company is progressing towards an agreement for the sale of the flotation concentrate and is evaluating alternatives for shipping this material.

Dr. Matt Ball, P.Geo., Chief Operating Officer for the Company, is the Qualified Person who prepared the exploration information contained in this news release. Mr. Jasman Yee, P.Eng., Metallurgist, is the Qualified Person responsible for the mill results as reported.

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. 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 visit our website at: www.bralorne.com.

ON BEHALF OF THE BOARD

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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