Bralorne Gold Mines Ltd. Reports First Quarter Gold Output
17.07.2014 | Marketwire
VANCOUVER, Jul 17, 2014 - Bralorne Gold Mines Ltd. (TSX VENTURE:BPM) (OTCQX:BPMSF) (BERLIN:GV7) (FRANKFURT:GV7) (WKN A0B75M) (the "Company") is pleased to report first quarter gold output at the Company's 100% owned Bralorne Gold Mine located near Gold Bridge, British Columbia, Canada. For the first quarter of this fiscal year, gold output totaled 1,736 ounces. Full details are provided below.| Bralorne Mine: First Quarter 2014 | |||
| Q1 2014 | |||
| Metric Tonnes Milled | 7,678 | ||
| Mill Availability (%) | 93 | ||
| Mill Throughput (Tonnes/day operated) | 94 | ||
| Feed Grade (g/T Au) | 8.1 | ||
| Gravity Gold Ounces | 861 | ||
| Flotation Con. (Metric Tonnes) | 182 | ||
| Flotation Con. Grade (g/T Au) | 149.4 | ||
| Floatation Con. Ounces | 875 | ||
| Total Recovered Ounces | 1,736 | ||
| Recovery (%) | 87 | ||
Quality Assurance/Quality Control
Gold recovery is reconciled to gold contained in flotation and gravity concentrates as determined by assays. Flotation concentrate assays are performed at ALS Laboratories in North Vancouver, British Columbia, with umpire assays performed by Alex Stewart (Assayers) Ltd in Knowsley, England. Assays of gold dore received from the refiner are checked with assays performed on duplicate samples by ALS Laboratories in North Vancouver, BC. Both of these labs are independent and ISO certified.
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 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 COO 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.
Investor Relations
The Company also notes that it mutually agreed with Ms. Shirley Anthony to terminate her contract as investor relations consultant.
About Bralorne
Bralorne is a Canadian junior mining and exploration company focused on building shareholder value through the exploration and development of economically viable mineral properties. Bralorne's flagship project is the wholly owned Bralorne Gold Project in southwestern British Columbia, Canada. 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.
Contact
Bralorne Gold Mines Ltd.
Mathew Ball, President and Chief Operating Officer
604.682.3701
604.682.3600
investor@bralorne.com
www.bralorne.com