Thursday 8th December 2016

Resource Clips



Bralorne COO Matt Ball on BC gold assays of 93.4 g/t over 0.6m

Resource Clips - essential news on junior gold mining and junior silver miningBralorne Gold Mines Ltd TSXV:BPM announced assays from its Bralorne Mine in BC. Results include 226 g/t gold over 0.3 metres, 93.4 g/t over 0.6 metres, 12.6 g/t over 1.2 metres, 4.68 g/t over 2.3 metres and 4.31 g/t over 1.3 metres.

The Bralorne Mine is located 150 miles from Vancouver. The company is re-developing the former Bralorne, Pioneer and King gold mines, which produced 4.15 million gold ounces from 1928 to 1971.

President/CEO William Kocken tells ResourceClips.com, “The Bralorne Mine of today includes the historic King, Bralorne and Pioneer mines. But we’re drilling between the King and Bralorne mines, about four kilometres that have never been explored, and also between the Bralorne and Pioneer mines, another four or five kilometres that have never been explored. We have access from the Bralorne site into King, where we drilled into the unexplored property. We’re in production right now in the BK Zone. We’re drifting to the BK North vein, where we did some drilling in 2008, and we noted it was promising. So we’ve drilled some infill holes, and that’s what we announced today. We’re going to continue drilling and see how big BK North is.

We’ll be doing more exploration drilling than had been done in the past few years, at the same time as producing from the ore bodies—and with the price of gold now, some of these ore bodies are a lot more attractive than they were in 2004—Matt Ball

“Between 2004 and 2007, we had a fair amount of problems trying to get permitting with the provincial government,” he says. “It took about two-and-a-half years to get a drill permit. There’s been a lot of improvement out there since then. We’re getting more recognition from the provincial government, and they’re helping us quite a bit.”

COO/Director Matt Ball adds, “Up to 2010 they did a lot of surface diamond drilling. There was a bulk sample in 2004 to 2005 that produced a small amount of gold. They hired consultants who recommended they stop production and continue exploration to build up the resource. But then they discovered the high-grade BK vein in 2006. They did infill drilling in 2007 and then started with mine development, which led to us producing what we’re producing right now from that one vein.

“We’re trying to keep production going at least at the scale that it’s at right now, from the resources that we have and do aggressive drilling from surface in the summer and underground in the mine during the winter. We’ll be doing more exploration drilling than had been done in the past few years, at the same time as producing from the ore bodies—and with the price of gold now, some of these ore bodies are a lot more attractive than they were in 2004.

“The resource is mostly inferred, but at the current rate of production it’s good for five years. We’re hoping to expand on that.”

Ball concludes, “The general story for Bralorne is to get it up into production as we’ve done, maintain production at the small scale that we’re at now, continue exploration and try to get back to the reserves that were left in the old Bralorne Mine when it closed.”

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Contact:
William Kocken
President/CEO
604.682.3701

by Greg Klein

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