Bralorne Gold Mines Ltd. - Overview

Overview

Properties Drilling In The King Bralorne Gap Developments Assay Results Bralorne Mine History Photo Gallery

Overview — The Path to Production

Our work is focused on exploring both new and developed ground to expand resources. In 2005 we hired Beacon Hill Consultants, an engineering firm specializing in mining and feasibility, to develop a blueprint for production. Beacon Hill presented eight specific recommendations aimed at upgrading and discovering the resources required to bring the project into full operation.

View the October, 2006 Beacon Hill Assessment Report

The goal of this program is to delineate resources of 500,000 tonnes of measured and indicated resources grading 12/g Au/tonne (0.35 oz Au/ton). This resource would provide sufficient feed to begin operations at a processing rate of 280 tpd.

What's Happening Now

We are completing the final stages of Phase III of a three-phase exploration & development program outlined by Beacon Hill from 2005 to 2007. Phase III included a 310ft crosscut from the end of the Alhambra vein to intersect the new BK zone that was identified in 2006-2007 by surface drilling and underground drilling. A drift was installed at the 800 level for an approximate 1640ft.

Now in 2010 we are moving towards further developing the Bk zone by installing a 1450ft decline from the surface to intersect the BK vein approximately 225ft above the known zone on the 800 level. Once the limit of drifting on the mineralized zone have been established on the 575 level we will have two alimak raises driven from the 800 level to the 575 level and equipped as manways. Then a sub drift will be driven at the 785 level, chutes installed on the 800 level and mining will commence. With positive results from drifting on the 575 level vein, an incline to the 375 level is also included in our permitted mine development scope of work.

The New BK Zone

This entirely new gold occurrence lies between the King and Bralorne mines. Gold intercepts in the BK Zone ranged from 0.6 to 5.5 m (2 to 17.5 ft) in length, with grades ranging from 2.74 to 86.08 g/t (0.08 to 2.511 oz/ton) gold.

Exploration by Drifting

Following the mining maxim, "Drill for structure and drift and raise for tonnes and grade," Bralorne will now drive a drift into the BK Zone from the existing Alhambra cross-cut. The diagram at right shows the part of the Alhambra cross-cut previously driven (in purple), with the planned 400-foot extension shown in yellow. This drift will allow access to the BK structure so a drift may be driven on the vein and subsequent raises driven. In addition, the drift will serve as a platform for exploration and drilling of parallel structures with greater precision (also reducing costs).

Key Elements of Phase III (underway)

Our Phase III exploration includes the following elements:

Drive a 1450ft decline from the surface to intersect the BK vein approximately 225ft above the known zone on the 800 level.
Drift along the BK vein at the 575 level to the extent of the mineralization.
At the 575 level we will have one alimak raises driven from each side of the drift to the 800 level and equipped as manways.
Then a sub drift will be driven at the 785 level, chutes installed on the 800 level.
With positive results from drifting on the 575 level and 785 level vein, shrinkage stoping blocka will be established.

Phase III Work Completed in 2008

As part of Phase III exploration and development, the underground drilling that uncovered the BK Zone structure in 2007 and was designed to establish continuity throughout the unexplored Bralorne King Gap. Then a highly successful drifting program was set forth in late 2008 to establish a grade along the 500 meters of strike length.
(See "DEVELOPMENTS" for further information)

Modeling Shows Further Potential

In order to evaluate the significance of these intersections, the results were modeled using the MineSightTM modeling program. This work clearly indicated potential for a vein or vein structures and associated alteration zones not previously recognized. Thus there is excellent potential for additional resources to be delineated based upon further work.

Previous Work and Bulk Sampling

Since acquiring the project from Avino Silver & Gold Mines in 1995, we have expanded our holdings, completely re-furbished the facility, obtained all permitting and brought it to operation at 120 tpd. Through extensive underground and surface exploration, we have expanded several key gold zones including the Peter zone, 51B zone "NI 43-101", the new BK zone and recently located new zones. In 2004 and 2005 we conducted a 20,000-ton bulk sampling program, recovering 2,916 ounces of gold. Recoveries averaged 92% (61% by gravity, 31% by flotation). We sold approximately 2,300 ounces for proceeds of C$2.1 million.

Funding

The Company currently has an approximate $5.5 million in the treasury (November 23, 2009) and 430 ounces of gold in storage.


		Overview Properties Drilling In The King Bralorne Gap Developments Assay Results Bralorne Mine History Photo Gallery				Overview — The Path to Production Our work is focused on exploring both new and developed ground to expand resources. In 2005 we hired Beacon Hill Consultants, an engineering firm specializing in mining and feasibility, to develop a blueprint for production. Beacon Hill presented eight specific recommendations aimed at upgrading and discovering the resources required to bring the project into full operation. View the October, 2006 Beacon Hill Assessment Report The goal of this program is to delineate resources of 500,000 tonnes of measured and indicated resources grading 12/g Au/tonne (0.35 oz Au/ton). This resource would provide sufficient feed to begin operations at a processing rate of 280 tpd. What's Happening Now We are completing the final stages of Phase III of a three-phase exploration & development program outlined by Beacon Hill from 2005 to 2007. Phase III included a 310ft crosscut from the end of the Alhambra vein to intersect the new BK zone that was identified in 2006-2007 by surface drilling and underground drilling. A drift was installed at the 800 level for an approximate 1640ft. Now in 2010 we are moving towards further developing the Bk zone by installing a 1450ft decline from the surface to intersect the BK vein approximately 225ft above the known zone on the 800 level. Once the limit of drifting on the mineralized zone have been established on the 575 level we will have two alimak raises driven from the 800 level to the 575 level and equipped as manways. Then a sub drift will be driven at the 785 level, chutes installed on the 800 level and mining will commence. With positive results from drifting on the 575 level vein, an incline to the 375 level is also included in our permitted mine development scope of work. The New BK Zone This entirely new gold occurrence lies between the King and Bralorne mines. Gold intercepts in the BK Zone ranged from 0.6 to 5.5 m (2 to 17.5 ft) in length, with grades ranging from 2.74 to 86.08 g/t (0.08 to 2.511 oz/ton) gold. Exploration by Drifting Following the mining maxim, "Drill for structure and drift and raise for tonnes and grade," Bralorne will now drive a drift into the BK Zone from the existing Alhambra cross-cut. The diagram at right shows the part of the Alhambra cross-cut previously driven (in purple), with the planned 400-foot extension shown in yellow. This drift will allow access to the BK structure so a drift may be driven on the vein and subsequent raises driven. In addition, the drift will serve as a platform for exploration and drilling of parallel structures with greater precision (also reducing costs). Key Elements of Phase III (underway) Our Phase III exploration includes the following elements: Drive a 1450ft decline from the surface to intersect the BK vein approximately 225ft above the known zone on the 800 level. Drift along the BK vein at the 575 level to the extent of the mineralization. At the 575 level we will have one alimak raises driven from each side of the drift to the 800 level and equipped as manways. Then a sub drift will be driven at the 785 level, chutes installed on the 800 level. With positive results from drifting on the 575 level and 785 level vein, shrinkage stoping blocka will be established. Phase III Work Completed in 2008 As part of Phase III exploration and development, the underground drilling that uncovered the BK Zone structure in 2007 and was designed to establish continuity throughout the unexplored Bralorne King Gap. Then a highly successful drifting program was set forth in late 2008 to establish a grade along the 500 meters of strike length. (See "DEVELOPMENTS" for further information) Modeling Shows Further Potential In order to evaluate the significance of these intersections, the results were modeled using the MineSightTM modeling program. This work clearly indicated potential for a vein or vein structures and associated alteration zones not previously recognized. Thus there is excellent potential for additional resources to be delineated based upon further work. Previous Work and Bulk Sampling Since acquiring the project from Avino Silver & Gold Mines in 1995, we have expanded our holdings, completely re-furbished the facility, obtained all permitting and brought it to operation at 120 tpd. Through extensive underground and surface exploration, we have expanded several key gold zones including the Peter zone, 51B zone "NI 43-101", the new BK zone and recently located new zones. In 2004 and 2005 we conducted a 20,000-ton bulk sampling program, recovering 2,916 ounces of gold. Recoveries averaged 92% (61% by gravity, 31% by flotation). We sold approximately 2,300 ounces for proceeds of C$2.1 million. Funding The Company currently has an approximate $5.5 million in the treasury (November 23, 2009) and 430 ounces of gold in storage.