WESTERN BK RAISE AVERAGED 35.23 g/T AU OVER A LENGTH OF 36.5 METERS WITH A TRUE WIDTH OF .79 METERS
WESTERN BK RAISE
The western raise was driven to a total of 36.5 meters (120 feet). The grade of the vein from 15 assay traverses ranges from 1.54 to 136.97 g/T Au (0.045 to 3.995 oz/ton) with an average grade of 35.23 g/T Au (1.028 oz/ton) over a true width of 0.8 meters (2.6 feet). The grade of the zone over a minimum mining width of 1.2 meters (4.0 feet) averages 25.2 g/T Au (0.736 oz/ton) uncut, or 22.9 g/T Au (0.668 oz/ton) using the historical mine cutting procedure of reducing assays over 3.0 to 3.0 oz/ton. The results are comparable to the average grade of the same mineralized shoot on the 800 Level drift, which is 24.8 g/T Au over 1.3m (0.722 oz/ton over 4.4 ft) along a strike length of 53.9 meters (177 ft). The vein at the top of the raise is mineralized, indicating that the raise did not reach the upper limit of the gold mineralization.
BK EXTRACTION DRIFT
280 feet of the extraction drift has been complete on the BK extraction drift during February 2010 and also the draw points No.1 thru No.4. Draw points No. 5 thru No.12 consist of another 360 feet of developments to be completed. When the extraction drift and draw points are done the crews will be ready to start stoping the ore zone. Upon completion the crews will begin to stockpile our target of 30,000 tons of ore to have a year worth of production ahead of us.
EASTERN BK RAISE
As previously announced on February 1, 2010, the eastern raise was driven to a length of 29 meters (96 feet). The grade of the vein from 11 assay traverses ranges from 2.78 to 60.7 g/T Au (0.081 to 1.770 oz/ton) with an average grade of 20.7 g/T Au (0.604 oz/ton) over a true width of 0.6 meters (1.9 feet). The average grade of the zone over a nominal mining width of 1.2 meters (4 feet) is 11.9 g/T Au (0.348 oz/ton).
NEW VEIN
A new, unexpected vein was cross cut in the new 400 Level Adit, which was recently broken through to the Bralorne 400 Level. The vein was encountered at 60 meters from the portal, just east of historic workings on the Coronation or 77 vein. The vein showed a banded texture that is characteristic of ore-bearing veins in the camp so it was explored by drifting to the east 7.3m and west 11m of the cross-cut. The grade of the vein from 10 assay traverses ranges from 0.79 to 66.65 g/T Au (0.023 to 1.944 oz/ton) with an average grade of 9.95 g/T Au (0.290 oz/ton) over a true width of 0.8 meters (2.7 feet). The grade of the zone over a minimum mining width of 1.2 meters (4.0 feet) averages 4.4 g/T Au (0.129 oz/ton) over an average width of 1.3 meters (4.2 feet). Top cutting was not required as there were no extreme high assays. The vein is interpreted to be a split off of the main Coronation (77 vein). Further investigation is planned to determine its potential extensions.
Underground chip samples were collected by employees of the company and preliminary assays were performed by employees at the on-site assay laboratory. Normal fire assay procedures were followed using 30g (1 assay ton) charges. Repeat analyses and/or metallics screen assays are routinely performed on high grade samples. Check sample pulps and rejects were submitted to Eco Tech Laboratories in Kamloops for verification. Most of the assay results reported above (56 out of 69) are check assay results from Eco Tech.
Dr. Matt Ball, P.Geo., and Chief Operating Officer, is the Qualified Person responsible for the technical information contained in this news release.
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 (equaling 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 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
BRALORNE GOLD MINES LTD. JOINS INFORMATION PANEL STOCKPROFILE.COM
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Bralorne is developing the unexplored gaps between the historic Bralorne, King and Pioneer gold mines of southwest British Columbia. Together, these three historic mines represent the largest historic gold producer in the Canadian Cordillera producing 4.1 million ounces of gold from 8 million tons of ore. The mine was developed on a classic gold quartz vein deposit, comparable in geological aspects to major gold deposits such as those in the well-known Timmins, Kirkland Lake, Red Lake, Yellowknife, Motherlode and Kalgoorlie districts. Recent discoveries between the Bralorne and King mines have opened up significant new mineralization. Phase III development and exploration, now underway, is focused on expanding new zones and outlining reserves for production at 120 tons per day in the next 12 months and then upgrade to 280 tons per day in 24 months. Bralorne's properties and infrastructure are fully permitted to advance to production and expand new & known resources. The company has no long term or short term debt and is wholly owned.
ON BEHALF OF THE BOARD
"William Kocken"
__________________________________________
William Kocken, President & Chief Executive Officer
BRALORNE UPDATES ASSAY RESULTS ON BK EAST RAISE AND REPORTS ON OTHER DEVELOPMENT
EASTERN RAISE
The eastern raise encountered significant mineralization from 8.5 meters (28 feet) to the top of the raise at 29 meters (96 ft). Preliminary results from the on-site laboratory were previously released and have been revised based on check assays and check samples, with assays being done at Eco Tech Laboratory in Kamloops. The revised grade of the vein from 11 assay traverses ranges from 2.78 to 60.7 g/T Au (0.081 to 1.77 oz/ton) with an average grade of 20.7 g/T Au (0.604 oz/ton) over a true width of 0.58 meters (1.9 feet). The average grade of the zone over a nominal mining width of 1.2 meters (4 feet) is 11.9 g/T Au (0.348 oz/ton).
The revised grade is slightly lower than the preliminary estimate; re-sampling and check assays by the metallic method done by Eco Tech Laboratories show lower results compared to high grade preliminary assays. The difference is attributed to a significant nugget effect due to the mineralization containing coarse particulate gold.
The vein at the top of the raise is well developed and in the last two sample traverses assayed 60.7 g/T over 0.6 meters and 45.7 g/T over 0.8 meters (1.77 oz/ton over 2.0 ft and 1.333 oz/ton over 2.5 ft). This is very encouraging because previous results from underground drilling indicated low grade in this vicinity.
Underground chip and muck samples are collected by employees of the company and preliminary assays are performed by employees at the on-site assay laboratory. Normal fire assay procedures are followed using 1 assay ton charges. Repeat analyses and/or metallic screen assays are routinely performed on high grade samples. Check sample pulps and rejects are submitted to Eco Tech Laboratories in Kamloops for verification. Assay results for the western raise are pending verification.
OTHER DEVELOPMENT
BK VEIN
Work is continuing on the BK vein on the 800 level with development of an extraction drift and drawpoints.
400 LEVEL ADIT
As January 29, 2010 a total of 204 meters (670 feet) of development has been done on the new 400 Level adit since it was started in early November, 2009. The work includes trackless drift to provide access to the Bralorne mine 400 Level, sub-drifting on a newly discovered vein, a diamond drill cut-out and safety bays. The drift is now 153 meters (503 ft) from the portal and is targeted to break through to the 400 Level in late February. Plans are to install track once the breakthrough is achieved. A Notice of Work has been filed to conduct exploration drifting and raising on the Taylor and 51BFW veins on the 400 Level.
NORTH VEIN
The North vein in the former King mine has also been selected as another target for underground exploration. Plans are being made to drive a sublevel and raises on this vein to explore a historic resource block estimated at 10,900 tonnes grading 11.0 g/T Au over 1.2 meters (12,000 tons grading 0.321 oz/ton Au over 4 ft). Note that due to its historical nature, this resource is not compliant with NI 43-101 and its potential quantity and grade are deemed conceptual in nature. There has been insufficient exploration to define the mineral resource and it is uncertain if further exploration will result in confirmation of the resource.
Dr. Matt Ball, P.Geo., recently appointed as Chief Operating Officer, is the qualified person responsible for 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
ON BEHALF OF THE BOARD
"William Kocken"
__________________________________________
William Kocken, President & Chief Executive Officer
Dr. MATT BALL, Ph.D., P.Geo., ACCEPTS APPOINTMENT AS BRALORNE BOARD MEMBER
Dr. Ball joins the Bralorne Management team to strengthen the exploration effort to bring this property back into production. He believes the mine property is still largely under-explored in terms of modern exploration, and that there is potential to do what happened at Goldcorp - where renewed exploration in the historic mine resulted in a significant discovery.
The Company is a Canadian junior mining and exploration company, whose corporate strategy is to build shareholder value through the exploration and development of economically viable mineral properties. The Company's current project is a 100% interest in the Bralorne Gold Mine, BC.
For more information visit: www.bralorne.com.
ON BEHALF OF THE BOARD
"William Kocken"
__________________________________________
William Kocken, President & Chief Executive Officer
Bralorne Continues Underground Development On High Grade Results
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.
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.