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| | February 09, 2009
BRALORNE GOLD MINES LTD. DRILL RESULTS SHOW EXTENTIONS TO THE BK AND ALHAMBRA VEIN SYSTEMS AND THE INDENTIFICATION OF NEW VEIN STRUCTURES WITHIN THE HISTORIC BRALORNE CAMP, BRITISH COLUMBIA
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| | Bralorne Gold Mines Ltd. (The "Company") is pleased to announce that it has completed a highly successful surface drill program in the unexplored areas of the King-Bralorne Gap ending in December of 2008. The goal of the surface drill program was to test the extent of the BK vein as well as establish continuity between structures. This was achieved through drilling and continued modeling of the historic and newly discovered BK Vein. In addition, the program appears to have successfully extended the known extent of the Alhambra Vein and to have indentified three additional vein structures in the King-Bralorne Gap area.
The 2008 Drill program consisted of a sixteen (16) hole, 3376.88 meter program including drill holes SB-08-133 through SB-08-148. The goal of the program was to investigate the possibility of extensions to the BK zone discovered in 2007 (See news release: July 9, 2007) and the Alhambra Vein.
"Copy link to view Newly Identified Zones"
http://www.bralorne.com/s/Development.asp
(Figure 1: Plan View of Vein Intercepts and Models based on 2008 Drilling and Historic Data Mining)
Prior to this program, the company invested a great deal of time and effort into data mining, digitizing historic data and incorporating current information, in an effort to produce a complete, comprehensive 3-dimensional (3D) model on the mines and the area of unexplored interest. This model resulted in a better understanding of the mineralized zones and is used to enhance the direction of future exploration and development.
Logging of core and plotting drill intersects in 3D, combined in concert with the 3D mine model has shown that the drilling has intersected numerous quartz structures with mineralization. These coincide with the known King Vein, BK Vein and Alhambra Vein. However, the 2008 drill data and 3D models show the potential for extensions to the BK Zone of approximately 1000 meters in addition to the current strike length of approximately 600 meters and Alhambra Vein appears to have a 1500 meters extension to its existing structure based on modeling and drill intercepts.
In addition, it appears that there is an intermediate structure between the King Vein and BK Vein with an approximate 1200 meters strike length. To the south of the Alhambra Vein extension, there is also strong evidence of a structure with a strike length of approximately 1300 meters and further south but offset to the east of this there appears to be another structure with an approximately 850 meters of strike length.
The Company is looking forward to start driving the new portal in the spring from the east side of the mountain to intercept the BK zone some 300 ft above the previously developed BK Vein drift program in 2008. (See news release: May 5, 2008).
The reader is cautioned that strike lengths and distances imply continuity and it is not guaranteed that these structures will be completely mineralized or will be eventually resources and/or reserves.
It should be noted that for thin vein deposits, resource and reserve definition requires closely spacing drilling and underground drift and raise development in order to establish thickness, continuity and grade. This work is still required to establish the structures as reported in this release as resources and/or reserves.
Bralorne's on-site laboratory has supplied preliminary assay results however, these results require verification prior to release. The verification of these assay results is underway together with appropriate validation and verification from a certified assay laboratory (Eco Tech Laboratory Ltd., Kamloops) including quality assurance/quality control procedures. All assay results will be verified and released when available.
Garth Kirkham, P. Geo. has reviewed and approved the content of this press release and is a qualified person as defined by NI43-101.
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 (equalling 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 further information, please contact:
Bill Kocken, President and Director
Johnathon Smith, IRO
ON BEHALF OF THE BOARD
"William Kocken"
___________________________________
William Kocken,
President
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the accuracy or adequacy of this release.
Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements. Shareholders are cautioned not to put undue reliance on such forward-looking statements. |
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| | You can view the Next News Releases item: Thu Feb 26, 2009, Bralorne Drill Results Show New Extensions To The Bk And Alhambra Vein Systems With Noteable High Grade Intercepts Of 0.948 Oz/Au Over 2.5 Feet
You can view the Previous News Releases item: Mon Dec 8, 2008, BRALORNE GOLD WARRANT EXTENSIONS, PRICE REDUCTIONS
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