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Bralorne February 2014 Production Up 192% Over February 2013
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 23, 2014) - Bralorne Gold Mines Ltd. (TSX VENTURE:BPM)(BPMSF)(GV7.F) (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.
Mine | Days of | Total | Feed | Recovery | Recovered | Flotation | Total |
Bralorne | 28 | 2,532 | 7.5 | 88 | 246.2 | 293.1 | 539.2 |
"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 doré 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 doré 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.
