BPM:CA announced results from its Bralorne Pioneer Mine, BC. Assays for underground exploration include 32.2 g/t gold over 0.9 metres (including 5906.8 g/t over 0.4 metres) and 14.6 g/t over 1.7 metres (including 277.3 g/t over 0.5 metres). Surface exploration results include 43.51 g/t over 0.6 metres and 140.46 g/t over 0.3 metres.
Investor Relations representative Johnathon Smith told ResourceClips.com, “The focus of our current development is between the historic Bralorne and King mine at the 800 level—the BK zone. This is where we’ve hit a discovery of very high grade, narrow vein deposits. The initial discovery was in 2006, from surface drilling, where we encountered eleven ounces of gold over a foot and a half and, forty feet below that, another seven ounces of gold over a foot and a half. These kinds of high grade discoveries merited further development underground, and we have identified the BK zone to be feasible for stockpiling ore for production.The results we’re seeing now are quite typical of the geology historically. When the mine was producing from 1928 to 1971 it produced four million ounces from eight million tons of ore.
“We start production next month, at a capacity of 120 tonnes per day,” Smith continued, “and this will generate a net cash flow of approxiamately $10 million for its first year of production. And we anticipate making this a world renowned mine once again.”
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by Ted Niles