Bralorne Prepares for Mill Start-Up
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/09/10 -- Bralorne Gold Mines Ltd. (TSX VENTURE: BPM)(PINK SHEETS: BPMSF)(BERLIN: GV7)(FRANKFURT: GV7)(WKN A0B75M) (the 'Company') is pleased to report that it is re-starting the gold mill at its Bralorne Pioneer Mine property this fall. Mill feed is currently being stockpiled at the main 800 level portal area from on-going underground development of the BK and North veins. By October, it is anticipated that there will be sufficient material in the stockpile and broken in the stopes to re-start the mill and process development muck for a year. Once the development muck has been processed successfully, the company plans to continue milling material mined from underground. The projected milling rate is 120 tons per day and the company is looking to increase capacity to 280 tons per day 2+ years after initial startup.
Underground Exploration
Exploration is continuing at the property with trial mining of the BK vein, and raise and sublevel exploration of the North vein. On the BK vein, shrinkage stoping was initiated from the 800 level. The mineralized zone is being tested over a strike length of 100 meters, with an expected upwards extent of over 60 meters. The North vein, situated in the historic King mine, is being explored by raises and sublevels to confirm a resource situated between the 800 and 700 levels. Trial room and pillar mining is planned to follow. Development material from both areas is being stockpiled for mill feed. To date, a total of 5700 tons of material has been stockpiled at the portal and there is approximately 2900 tons of broken inventory underground. Development will continue increasing the stockpiles and underground broken inventory by approximately 4000 tons per month.
For more information on this news release, please visit our corporate presentation at: http://www.bralorne.com/i/pdf/Presentation2010.pdf
ON BEHALF OF THE BOARD
William Kocken, President & Chief Executive Officer
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.
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.
Contacts:
Bralorne Gold Mines Ltd.
William Kocken
President & Chief Executive Officer
604.682.3701
604.682.3600 (FAX)
ir@bralorne.com
www.bralorne.com