Bralorne January 2014 Gold Production Up 25% Over January 2013
17 März 2014 - 3:00PM
Marketwired
Bralorne January 2014 Gold Production Up 25% Over January 2013
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 17, 2014) -
Bralorne Gold Mines Ltd.
(TSX-VENTURE:BPM)(OTCQX:BPMSF)(FRANKFURT:GV7) (the "Company") is
pleased to provide the following update on its Bralorne gold
project located in the historic mining camp at Gold Bridge, British
Columbia.
Mine
Mine development is continuing in the BK-3 zone with stope
mining and preparation of new mining blocks. A new raise was
started from the 3900 west sub-drift with the objective of defining
mineralization above the drift to justify development of a new
stope. As of March 12, the raise had advanced 21 meters and exposed
a banded quartz vein averaging 0.7 metres wide mineralized with
pyrite, arsenopyrite, galena, sphalerite and visible gold. These
observations are positive and a decision on stope development is
pending assay results.
The new raise extends the mineralized zone to the 3900 drift,
which was announced in a news release April 16, 2013. The drift
encountered a zone described as 63.6 metres in length with an
average grade of 15.7 grams gold per tonne over 1.3 metres and 1.2
metre minimum mining width (with assays cut to 103 grams per
tonne). The same mineralized shoot extends below the 3900 drift,
where drill hole UB12‐015 intersected 409.5 grams gold per tonne
over a 2.1 metre core interval as announced in the news release
December 17, 2012.
Drifting to the west commenced on the 3800 sub-level to explore
the same mineralized zone below drill hole UB12-015.
"We are pleased to discover this new western zone and are
looking forward to providing additional information in the near
future." - Dr. Mathew Ball, President, Bralorne Gold Mines
Ltd.
Mill
In January 2013, mill throughput totaled 3133 tonnes at an
average of 113 metric tonnes per day of operation. Comparative
monthly production figures for January 2014 and January 2013 are
presented below.
Production Summary
|
January 2014 |
January 2013 |
Metric Tonnes Milled |
3133 |
2553 |
%
Mill Availability |
89 |
88 |
Mill Throughput (metric tonnes / day operated) |
113 |
93 |
Feed Gradeg/T Au |
4.5 |
4.7 |
Gravity Gold Ounces |
200.8 |
151.5 |
Flotation Con. Metric Tonnes |
46.5 |
44.4 |
Flotation Con. Grade g/T Au |
135.7 |
119.4 |
Flotation Con. Ounces |
202.9 |
170.5 |
Total Recovered Ounces |
403.7 |
322.0 |
%
Recovery |
89 |
83 |
"Mill throughput was above average, and the main factor
contributing to a 25% improvement in recovered ounces of gold
compared to January 2013". - Dr. Mathew Ball, President,
Bralorne Gold Mines Ltd.
Financing
The Company is actively seeking financing to expand mill
throughput, underground exploration and development. The new
expansion is expected to double production with an increase of mill
throughput to 200 tons per day.
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
international 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 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.
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.
Bralorne Gold Mines
Ltd.604.682.3701604.682.3600ir@bralorne.comwww.bralorne.com
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