Bralorne Operational Update
February 24 2014 - 3:59PM
Marketwired Canada
Bralorne Gold Mines Ltd. (the "Company") (TSX
VENTURE:BPM)(OTCQX:BPMSF)(FRANKFURT:GV7) is pleased to provide the following
update on its Bralorne gold project located near the historic mining camp at
Gold Bridge, British Columbia.
Mine
Development work has focused on stope mining and preparing blocks for mining in
the BK-3 zone since last November. Mining has been completed in two blocks in
the BK-3 zone and development is underway on third stope. The 2014 plan is to
continue to develop and process the BK-3 resource and develop other known
resources to support an increased mill throughput.
Milling
Mill throughput averaged a record 115 metric tonnes per day for December,
representing a 25% increase over the previous peak throughput. December
production is presented below along with the totals for 2013 and output to date.
"Over the past year the material processed was mostly from pre-production
development, which was expected to be lower in grade than material mined from
stopes. An increase in ounces recovered is expected in 2014 with the transition
to stope mining".
Growth
The Company is seeking financing to expand mill throughput and for underground
exploration & development. The next milestone will be an increase in mill
throughput to 200 tons per day. The Company plans to continue milling as
resources are developed and will increase the milling rate if and when
sufficient resources are defined and developed. The Company cautions that a
feasibility study has not been completed and it is to be determined if
operations will be found to be economic. The mill is being operated to generate
incidental revenue from the sale of gold dore bars and flotation concentrate to
offset development costs.
Quality Assurance/Quality Control
Gold production 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 produced 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.
Mill Production Summary for December 2013
Total To Date
DECEMBER 2013 (31.5 Months)
----------------------------------------------------------------------------
Metric Tonnes Milled 3052 27489 67725
% Mill Availability 86 89 77
Mill Throughput (metric tonnes / day) 115 99 93
Feed Grade, g/T 3.6 4.5 7.0
Gravity Gold Ounces 132.7 1820.8 7984.6
Flotation Con Metric Tonnes 37.4 405.2 1162.1
Flotation Con Grade (g/T) 146.4 118.6 142.1
Flotation Con Ounces 175.3 1539.4 5290.9
Total Recovered Ounces 308.0 3360.1 13275.5
% Recovery 87 85 88
Dr. Matt 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.
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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