 | | 
| | | |
| | January 12, 2010
Bralorne Continues Underground Development On High Grade Results
|
| | Bralorne Gold Mines Ltd. (the "Company") is pleased to report on results from surface and underground exploration at its Bralorne Pioneer Mine property. The company is exploring targets in under-explored gap areas between former historic gold mines in Bralorne British Columbia. The current underground development exploration of the BK vein is currently underway with promising results. In the BP Gap (Bralorne-Pioneer mines) underground development is being done to provide access to resources on the 51BFW and Taylor veins. In the BK Gap (Bralorne-King mines) surface drilling was done during the fall to test the upper part of the BK vein.
Underground Exploration
Exploration is continuing over the winter with underground development of the BK vein and the 51BFW and Taylor veins in the Bralorne Pioneer gap.
On the BK vein, raise development is currently being conducted to further define the gold mineralized shoots above the 800 Level. Two raises are being driven up from the drift level, inclined at 50 degrees within the vein, to confirm the grade and limits of potentially economic mineralization encountered in two sections of the drift in 2008. The eastern raise was started on December 3rd and as of December 15th was driven a length of approximately 30.5 meters (100 feet). The western raise was then started on January 4th. Both raises show that the BK vein mineralization is continuous above the 800 Level.
Eastern BK Raise
The eastern raise was collared in a gap in mineralization at 800 Level and driven up to the east into one of two mineralized blocks. The raise encountered significant mineralization at 8.5 meters (28 feet). From this point to the top of the raise, mineralization is continuous and the grade of the vein in 9 assays ranges from 2.78 to 306.2 g/T Au (0.081 to 8.93 oz/ton) with an average grade of 44.61 g/T Au (1.301 oz/ton) uncut over a true width of 0.61 meters (2.0 feet). The cut grade is 22.11 g/T Au (0.645 oz/ton) using the historic cutting procedure (> 3.0 oz cut to 3.0 oz). The adjacent wall rock grade averages 1.44 g/T Au (0.042 oz/ton). The overall grade of the raise material estimated from the chip sample assays is 12.79 g/T Au (0.373 oz/ton) uncut or 6.89 g/T Au (0.201 oz/ton) cut. The average grade of corresponding muck samples is 6.75 g/T Au (0.197 oz/ton) which reconciles with the chip sample cut grade estimate.
Western BK Raise
The western raise was collared on January 4th at the west side of the larger of two mineralized blocks and is being driven up to the east through this block. It encountered significant mineralization in the third round where the vein assayed 207.2 g/T over 0.98 meters (6.043 oz/ton over 3.2 feet). This raise is continuing and results are pending.
The underground chip and muck samples were collected by employees of the company and assays were performed by employees at the on-site assay laboratory, which has been maintained and re-activated as required for underground exploration development. Normal fire assay procedures are being followed using ½ assay ton charges. Repeat analyses are routinely performed on high grade samples. A suite of check sample pulps and rejects was submitted recently to Eco Tech Laboratories in Kamloops for verification and the results are pending.
Bralorne-Pioneer Gap
A new adit was collared this summer in the Bralorne Pioneer Gap area, from which a drift was advanced through the historic Coronation workings toward the Bralorne 400 Level. This will provide access to the 51BFW and Taylor veins where additional development and drilling is being planned to explore and define resources on these veins. NI 43-101 Resources for the 51B FW & Taylor are shown in Table 1.
Table 1.
| |
Measured |
Inferred |
| Vein |
tons |
oz/t Au |
tons |
oz/t Au |
| 51b FW "A" |
10,545 |
0.35 |
|
|
| 51b FW "B" |
|
|
58,579 |
0.321 |
| 51b FW "C" |
|
|
7,898 |
0.582 |
| 51b FW "D" |
|
|
22,683 |
0.926 |
| Taylor |
|
|
44,092 |
0.250 |
| Total/Average |
10,545 |
0.35 |
133,252 |
0.520 |
A new vein was intersected at 30 meters from the portal between the Coronation and Bralorne workings. The new vein is composed of banded white quartz, which is characteristic of gold-bearing veins in the camp, and is oriented parallel to the major ore veins in the old mines. A single chip sample was collected from the vein and assayed 3.90 g/T Au (0.114 oz/ton) over 0.91 meters (3.0 feet). Additional drift rounds are planned on this structure to further evaluate its grade and continuity.
2009 Surface Exploration
Surface drilling in the BK Gap targeted the BK vein and inferred parallel veins. The BK vein was pierced above a planned sublevel above the 800 Level. A total of 21 holes were drilled until the program was halted on the last hole due to freezing conditions. All of the holes intersected alteration zones and quartz veins. Significant assays are summarized in Table 2 below.
Table 2. Significant Drill Hole Assays from 2009 Surface Program
abbreviations: DDH = diamond drill hole; m = meter; Au = gold; oz/ton = troy ounce per short ton; g/T = grams per metric tonne; VG = visible gold.
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 recovered core was split for sample collection. One half of the core was sent for analysis and the other half has been kept and stored at the core facility located at the mine site. Samples were shipped to Eco Tech Laboratory Ltd. at Kamloops BC, and gold geochemical analyses were done by the fire assay method using a 1 assay ton charge. Quality control is being monitored by inclusion of reference standards and blank samples in 10% of the samples, and by repeat analyses on selected pulps. Additional analyses of selected samples will be done at second commercial laboratory as a further check. All assay rejects are being retained at the site for further analysis if required.
Dr. Matt Ball, P.Geo., consultant, is the qualified person who prepared the technical information contained in this news release.
For more information, please feel free to visit our website at: www.bralorne.com
ON BEHALF OF THE BOARD
"William Kocken"
__________________________________________
William Kocken, President & Chief Executive Officer
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. 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. |
| |
| | You can view the Next News Releases item: Wed Jan 20, 2010, Dr. MATT BALL, Ph.D., P.Geo., ACCEPTS APPOINTMENT AS BRALORNE BOARD MEMBER
You can view the Previous News Releases item: Tue Nov 17, 2009, BRALORNE RECEIVES ASSAY RESULTS ON DRILLING THE UPPER BK ZONE BETWEEN THE 800 & 575 LEVELS
You can return to the main News Releases page, or press the Back button on your browser.
|
|
| |
