VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 25, 2013) - Bralorne Gold Mines Ltd. (TSX VENTURE:BPM)(BPMSF)(GV7.BE)(GV7.F) (the "Company") provides the following update of results at the Bralorne mine project located near Gold Bridge, British Columbia, where the Company is exploring and building a new gold mining operation.
M VEIN DISCOVERY
Underground development was completed in February to explore the "M Vein" that was discovered in surface drill hole SB11-021, which intersected 1282.8 grams gold per tonne (37.4 ounce gold per ton) over 0.5 metres (1.5 feet) estimated true thickness. A new incline driven 60 metres from the BK3 workings passed 6 metres below the drill hole intercept and intersected a new gold-quartz vein on February 14. Sub-level drifting is now underway along the vein, with a total of 36 metres completed to date.
The vein is generally well-mineralized with disseminated and bands of visible gold, similar to the high grade mineralization seen in the surface drill hole intercept. Channel sample results received to date range up to 321.0 grams gold per tonne and average 74.5 grams gold per tonne (2.17 ounce per ton) uncut, or 45.6 grams gold per tonne (1.33 ounce per ton) with high assays cut to 98.3 grams per tonne. The vein averages 0.5 metres (0.8 feet) in thickness over the sampled strike length of 20 meters. Raising is now planned to explore the vein up dip and through the high grade drill hole intersection.
This new zone of gold mineralization is an added bonus for the BK3 area since it was not included in the resource inventory in the Preliminary Economic Assessment report completed in 2012. The discovery is a classic example of how additional mineralization is typically discovered during underground development in gold-quartz veins deposits.
ON BEHALF OF THE BOARD
William Kocken, Chief Executive Officer
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.
Chief Executive Officer