Bralorne Gold Mines Ltd. has provided the following update of activities at its Bralorne mine operation located near Gold Bridge, British Columbia.
A check assay of the recently announced high grade result for surface drill hole SB11-21 has been completed. The repeat assay result is 51.47 ounce gold per ton for the 3.1 foot interval (1764 grams per tonne gold over 0.9 meters). This second assay confirms the initial assay of 23.35 ounce gold per ton over 3.1 feet. The intercept is located in the BK Gap exploration area, approximately 160 feet north of the BK vein and west of area of mined on the BK vein on 800 level. The core interval consists of a faulted zone of altered wall rock and minor quartz vein material with coarse grains of visible gold in the quartz fragments.
Note: The Company considers this intercept as significant but cautions that such exploration information is preliminary in nature and is not conclusive evidence of the likelihood of the occurrence of an economic mineral deposit.
The Bralorne mine is located 150 air miles from Vancouver, BC. The Company is re-developing the former and very successful Bralorne, Pioneer and King gold mines. From 1928 to 1971, these three operations produced 4.15 million ounces of gold from 7.9 million tons of ore (equaling a grade of 0.53 ounces per ton). Bralorne, Pioneer and King represent the largest historic gold producers in the Canadian Cordillera. The Company remains well funded with no long-term or short-term debt.