Bralorne Commissions New Technical Report to Increase Mill Production
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/05/12 -- Bralorne Gold Mines Ltd. (TSX VENTURE: BPM)(OTCQX: BPMSF)(BERLIN: GV7)(FRANKFURT: GV7) ("Bralorne or the Company") is pleased to announce that Beacon Hill Consultants (1988) Ltd.("Beacon Hill") has been commissioned to begin a new Preliminary Economic Assessment that is to focus on the operational sustainability of 100 tons per day ("tpd") gold mining operation at Bralorne. Beacon Hill will also evaluate an existing inferred resource calculation to identify additional exploration targets for future development to further the company's objective of expanding its operation from 100 tpd to 250 tpd. Bralorne expects to receive the completed report from Beacon Hill in the third quarter. The Company anticipates that the new report will demonstrate the viability of ongoing production at the mine.
About Beacon Hill Consultants
Beacon Hill is an association of specialist consultants consisting of mining engineers, geologists and metallurgists that provides services to the mining industry worldwide. Beacon Hill senior personnel each have a minimum of 25 years of experience in the mining industry developing both small and large scale projects.
Mr. W. Peter Stokes, P.Eng., is the President and owner of the company. Mr. Stokes has had over 40 years of developing properties in precious and base metals.
Beacon Hill, for the past decade, has supported mining companies in early and advanced stages of project development through estimation of ore reserves, completion of feasibility reports, development of mine plans, property valuations, financial analyses, qualifying reports, equipment purchases, preparation and negotiation of contracts and project management.
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.
Contacts:
Bralorne Gold Mines Ltd.
William Kocken
President & Chief Executive Officer
604.682.3701
604.682.3600 (FAX)
ir@bralorne.com
www.bralorne.com
