Bralorne February 2014 Production Up 192% Over February 2013
23 April 2014 - 3:00PM
Marketwired
Bralorne February 2014 Production Up 192% Over February 2013
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 23, 2014) -
Bralorne Gold Mines Ltd.
(TSX-VENTURE:BPM)(OTCQX:BPMSF)(FRANKFURT:GV7) (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 Operation |
Total Mill Feed (Metric Tonnes) |
Feed Grade Gold (g/t) |
Recovery Gold (%) |
Recovered Gold (Gravity) |
Flotation Gold (Contained) |
Total Gold Produced (oz) |
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.
Bralorne Gold Mines
Ltd.604.682.3701604.682.3600ir@bralorne.comwww.bralorne.com
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