Bralorne February 2014 Production Up 192% Over February 2013
23 April 2014 - 11:00PM
Marketwired Canada
Bralorne Gold Mines Ltd. (TSX VENTURE:BPM)(OTCQX:BPMSF)(FRANKFURT:GV7) (the
"Company") is pleased to provide the following February 2014 production results
from its Bralorne gold project located on the Bralorne property near Gold
Bridge, British Columbia.
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Total
Mill Feed Total
Feed Grade Recovery Recovered Flotation Gold
Days of (Metric Gold Gold Gold Gold Produced
Mine Operation Tonnes) (g/t) (%) (Gravity) (Contained) (oz)
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Bralorne 28 2,532 7.5 88 246.2 293.1 539.2
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"I'm very pleased to report another month of consistent production as
anticipated with improved grades."
-- Dr. Matt Ball, President, Bralorne Gold Mines Ltd.
Bralorne Production Comparison
Production numbers for February 2014 are presented below along with comparative
figures for 2013. Mill throughput averaged 106 metric tonnes per day operated.
February 2014 February 2013
----------------------------------------------------------------------------
Metric Tonnes Milled 2532 2228
% Mill Availability 94 83
Mill Throughput (tonnes / day
operated) 96 95
Feed Grade (g/T Au) 7.5 4.6
Gravity Gold Ounces 246.2 127.7
Flotation Con. Metric Tonnes 59.5 40.5
Floatation Con. Grade g/T Au 153.3 117.5
Floatation Con. Ounces 293.1 152.9
Total Recovered Ounces 539.2 280.6
% Recovery 88 86
"Mine grades are now showing up in the mill, resulting in a substantial
improvement in ounces recovered compared to the same period last year."
-- Dr. Mathew Ball, President, Bralorne Gold Mines Ltd.
Underground Mine Development
Stope mining continues in the BK-3 zone and development of new mining blocks is
underway. A raise was driven on the western zone for 22 metres above the 3900
west sub-drift. This raise exposed a vein with an average gold grade of 18.5
grams/tonne over 0.7 metres in width (based on 12 sample traverses with assays
above 103 grams per tonne cut to that value). Over a nominal mining width of 1.5
meters the average grade is 8.9 grams per tonne gold. The best mineralization
occurs in the upper 9 meters of the raise, where the average grade is 16.0 grams
per tonne gold over the nominal 1.5 meter mining width.
"This new western area shows good continuity and gold grades. Further
underground exploration is needed to find the boundaries of the zone."
-- Dr. Mathew Ball, President, Bralorne Gold Mines Ltd.
Quality Assurance/Quality Control
Gold recovery is reconciled to gold contained in flotation and gravity
concentrates. Flotation concentrate assays are performed at ALS Laboratories in
North Vancouver, British Columbia, an accredited independent laboratory with
quality monitored by internal standards. Check samples are done on composite
samples collected by AH Knight and assayed by ALS Laboratories in North
Vancouver, British Columbia, and umpire assays are performed by Alex Stuart
Limited in Knowsley, England. Gold contained in gravity concentrate is
reconciled from settlement assays received from the refiner. Check assays are
performed on duplicate samples of gold dore by ALS Laboratories in North
Vancouver, BC.
The Company cautions that it has not completed a feasibility study based on
mineral reserves. The Company is proceeding with operations based on mineral
resources, which are not mineral reserves and do not have demonstrated economic
viability. The project therefore has a higher risk of economic or technical
failure. The mill is being operated to generate incidental revenue from the sale
of gold dore bars and flotation concentrate to offset exploration and
development costs. The Company plans to continue milling as resources are
developed and will increase the milling rate if and when sufficient resources
are defined.
Dr. Mathew Ball, P.Geo., President and Chief Operating Officer of the Company,
is the qualified person ("QP") as defined by National Instrument 43-101, who is
responsible for the technical content of this document.
About Bralorne
Founded in 1992, Bralorne's mission is to create shareholder value through
profitable organic growth at the historic Bralorne property located in Bralorne,
British Columbia. We are committed to managing all business activities in an
environmentally responsible and cost-effective manner while contributing to the
well-being of the community in which we operate.
For more information, please visit our website at: www.bralorne.com
ON BEHALF OF THE BOARD
Mathew Ball, President and Chief Operating 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Bralorne Gold Mines Ltd.
604.682.3701
604.682.3600 (FAX)
ir@bralorne.com
www.bralorne.com
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