Bralorne Operational Update
24 Febrero 2014 - 4:59PM
Marketwired
Bralorne Operational Update
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 24, 2014) -
Bralorne Gold Mines Ltd. (the "Company")
(TSX-VENTURE:BPM)(OTCQX:BPMSF)(FRANKFURT:GV7) is pleased to provide
the following update on its Bralorne gold project located near the
historic mining camp at Gold Bridge, British Columbia.
Mine
Development work has focused on stope mining and preparing
blocks for mining in the BK-3 zone since last November. Mining has
been completed in two blocks in the BK-3 zone and development is
underway on third stope. The 2014 plan is to continue to develop
and process the BK-3 resource and develop other known resources to
support an increased mill throughput.
Milling
Mill throughput averaged a record 115 metric tonnes per day for
December, representing a 25% increase over the previous peak
throughput. December production is presented below along with the
totals for 2013 and output to date. "Over the past year the
material processed was mostly from pre-production development,
which was expected to be lower in grade than material mined from
stopes. An increase in ounces recovered is expected in 2014 with
the transition to stope mining".
Growth
The Company is seeking financing to expand mill throughput and
for underground exploration & development. The next milestone
will be an increase in mill throughput to 200 tons per day. The
Company plans to continue milling as resources are developed and
will increase the milling rate if and when sufficient resources are
defined and developed. The Company cautions that a feasibility
study has not been completed and it is to be determined if
operations will be found to be economic. The mill is being operated
to generate incidental revenue from the sale of gold doré bars and
flotation concentrate to offset development costs.
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
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 produced in gravity
concentrate is reconciled from settlement assays received from the
refiner. Check assays are performed on duplicate samples of gold
dore by ALS Laboratories in North Vancouver, BC.
Mill Production Summary for December 2013 |
|
DECEMBER |
2013 |
Total To Date (31.5 Months) |
Metric Tonnes Milled |
3052 |
27489 |
67725 |
%
Mill Availability |
86 |
89 |
77 |
Mill Throughput (metric tonnes / day) |
115 |
99 |
93 |
Feed Grade, g/T |
3.6 |
4.5 |
7.0 |
Gravity Gold Ounces |
132.7 |
1820.8 |
7984.6 |
Flotation Con Metric Tonnes |
37.4 |
405.2 |
1162.1 |
Flotation Con Grade (g/T) |
146.4 |
118.6 |
142.1 |
Flotation Con Ounces |
175.3 |
1539.4 |
5290.9 |
Total Recovered Ounces |
308.0 |
3360.1 |
13275.5 |
%
Recovery |
87 |
85 |
88 |
|
|
|
|
Dr. Matt 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
(TSXV:BPM)
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