Bralorne Gold Mines Ltd.: BK-3 Development Intercepts 10.4 grams Au per Tonne over 4.4 Meters
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/14/11 -- Bralorne Gold Mines Ltd. (TSX VENTURE: BPM)(OTCQX: BPMSF)(PINKSHEETS: BPMSF)(BERLIN: GV7)(FRANKFURT: GV7)(WKN A0B75M) (the 'Company') is pleased to announce the first underground sample results from the BK-3 zone at its Bralorne mine operation located near Gold Bridge, British Columbia.
The underground development driven to access the BK-3 intersected the target mineralized zone on November 30, 2011. The zone was cross-cut at elevation 3800 feet in an incline driven off of the main decline. The overall un-cut average grade is 10.44 grams per tonne over 4.4 meters (0.304 ounce per ton gold over 14.6 feet). Individual assays range up to 112.12 grams per tonne gold over 0.5 meters true width (3.270 ounce per ton gold over 1.7 feet), with high grade assays correspond to quartz veins containing visible gold. The average cut grade is 6.27 grams per tonne over 4.4 meters width or 0.183 ounce per ton gold over 14.6 feet (high assays reduced to 1.5 ounce gold per ton). These results are for horizontal channel samples collected from the east and west walls. The chip samples were collected as continuous samples at right angles across the mineralized zone. The sample widths closely represent the true width because the zone is steeply dipping. The zone is about three times thicker than anticipated because it consists of two mineralized veins separated by an alteration zone containing several quartz veinlets (quartz stringer zone). Individual chip assay results are provided in the table below.
The un-cut average grade of 39 muck samples collected from 213 tons of material is 11.83 grams per tonne (0.345 ounce per ton). The average cut grade of the muck samples is 9.74 grams per tonne (0.284 ounce per ton), with high assays are cut to 1.5 ounce per ton. These results confirm the chip sample results.
BK-3 3800 Incline Channel Samples
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Width Width Au Au Visible Au oz/ton
BK-3 Zone (ft) (m) g/T oz/ton Gold cut to 1.5 oz/t
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East Wall
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Vein 0.7 0.2 80.43 2.346 YES 1.500
Quartz Stringer Zone 3.8 1.2 1.17 0.034 0.034
Quartz Stringer Zone 3.7 1.1 0.73 0.021 0.021
Quartz Stringer Zone 4.4 1.3 0.34 0.010 0.010
Vein 1.6 0.5 15.08 0.440 YES 0.440
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TOTAL 14.2 4.3 6.27 0.183 0.141
West Wall
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Vein 0.4 0.1 47.61 1.389 YES 1.389
Quartz Stringer Zone 4.3 1.3 0.62 0.018 0.018
Vein 1.9 0.6 2.05 0.060 0.060
Quartz Stringer Zone 6.6 2.0 0.21 0.006 0.006
Vein 1.7 0.5 112.12 3.270 YES 1.500
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TOTAL 14.9 4.5 14.60 0.426 0.224
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OVERALL AVERAGE 14.6 4.4 10.44 0.304 0.183
Abbreviations: oz/ton= ounce per short ton, Au = gold, ft = feet, m = meters
All analyses were done at the mine site laboratory by the Fire Assay method. Analyses of the quartz veins containing visible gold were done by the metallic screen assay method. Quality control is maintained by monitoring assay results for certified reference material and blank samples (5% each), and check assays are done by Ecotech Laboratory in Kamloops, BC. Eco Tech is part of the ALS 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.
The BK-3 mineralized zone will be further explored by sub-drifting along the zone east and west from the incline at the 3800 ft. elevation. The main decline has 30 meters remaining to target depth and is planned to intersect the same zone at 3700 foot elevation.
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.
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.
Contacts:
Bralorne Gold Mines Ltd.
William Kocken
President & Chief Executive Officer
604.682.3701
604.682.3600 (FAX)
ir@bralorne.com
www.bralorne.com
