Bralorne Gold Mines

Bralorne Gold Mine Ltd. currently occupies 2,490 hectares (5,478 acres) of rich gold property located 119 kilometres east from Lillooet, British Columbia, and is accessible by paved roads. Local labour pool and supplies in the local area allow a quick response to exploration and development programs.


About This Project

The Bralorne-Pioneer gold mine was a major gold producer for over 40 years, with a recorded production of in excess of 4 million ounces of gold. The mine shut in 1971 down at a time of low gold price, but would not have shut down at today's gold price. 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. The mine developed on rich gold-quartz veins that were followed from surface to over 6,500 feet depth. Virtually no exploration was conducted over the life of the mine because the ore veins were extremely persistent and relatively easy to develop.

The company has acquired all the claims of the Bralorne, King and Pioneer Mines in the Bridge River Valley, plus surrounding new ground. New discoveries were made using geochemical surveys, the most significant of which is the Peter vein on the historic Cosmopolitan mine property. A start-up mill was constructed and permitted, and trial mining was conducted on the Peter and 51BFW veins in 2004 and 2005. In 2006, on-going drill exploration intersected bonanza grades in the Bralorne-King mine gap area. Follow-up drilling in 2007 discovered the BK Zone, a parallel vein lying south of the King vein. In 2008, underground drifting was conducted on the BK zone, which delineated significant mineralized shoots.

Presently, Bralorne Gold Mines Ltd. is exploring the historic Bralorne-Pioneer gold mine property with the aim of establishing mineral resources to justify a new mine operation. To bring the ore up from shafts 270 metres below ground, crews are using the same underground technology employed when Bralorne was at its peak: underground tunnelling with electric trains that run on the mine’s narrow gauge tracks. Recent success in one of the boundary gap areas between the historic Bralorne and King mines resulted in additional resources being identified.

On October 18, 2012, the Company filed on SEDAR a technical report dated October 15, 2012 entitled, "Preliminary Economic Assessment on the Bralorne Gold Mines Property." The BCSC has identified issues with the report and author's certificates that are non-compliant with NI 43-101. Primarily, the Report contained a sensitivity analysis at a proposed production rate of 250 tonnes per day with a mine life of 10 years, which was based upon a potential expansion of mineral resources. This has been identified as contrary to the requirements of National Instrument 43-101.

The technical report will be revised and re-submitted to the BCSC and the website and investor relations materials are being withdrawn until they can be corrected. The Report will be revised and re-filed to ensure that any economic analyses are limited to known mineral resources and are qualified by the cautionary statements as required by National Instrument 43-101.

More Information Online

For more information on this project, visit:
http://www.bralorne.com

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