Bralorne Gold Mines Ltd./ BPM (CVE)

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    "BRALORNE GOLD MINES LTD"


    BOOTH 3043
    MARCH 2-6


    Bralorne Gold Mines Ltd. is a Vancouver based junior mining company which recently brought BC's most prolific historic lode gold mining camp back into production in April of 2011. The Company is focused on producing gold and silver from its high grade vein deposits while exploring and developing further resources around the historic Bralorne, King and Pioneer mines. The current objectives are to explore and develop resources to increase production in stages from the current of 100 tpd (tons per day) to 250 tpd and subsequently to 500 tpd. Bralorne is committed to environmentally responsible mining that benefits the local community in which it operates.


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    News
    March 4, 2013


    PRESIDENT LETTER TO SHAREHOLDERS
    Vancouver, B.C. - Bralorne Gold Mines Ltd. (BPM: TSX.V)("Bralorne") is pleased to announce the following from President Dr. Mathew Ball.


    On behalf of the Board, I would like to report the considerable progress Bralorne has made in implementing its development strategy. The main objectives for 2012 were to access and prepare the BK3 zone for mining, and to complete mining of the BK-800 zone. These objectives were achieved with excellent results, and improvements were achieved in mine productivity and mill throughput. Exploration drilling also continued to advance the property. All in all, 2012 was a good year thanks to the dedication of the Bralorne team.


    Transparency and a Review of Operations


    I'd like to update our shareholders on where we've been, where the company is now and where we're going. I also want to clarify how we account for our gold sales in both doré and concentrate form. We frequently receive questions related to the reporting of revenues, and I want to ensure our shareholders are clear on how we record and manage these funds.


    Since our Bonanza Discovery of 2006


    Looking back, Bralorne has made huge progress since that very exciting "Bonanza" discovery nearly seven years ago. It was July of 2006 when surface drilling in the unexplored gap between the Bralorne and King mines hit 11.78 ounces of gold per ton over 1.1 feet and another intersection of 7.20 ounces of gold per ton over 1.2 feet. These were the kinds of high-grade structures typical of Bralorne's glory days, and we realized we had encountered a previously unknown zone that held significant potential for the future. That initial discovery---which became the BK Zone---led to numerous other high-grade intersections in both drilling and underground development. This culminated in 2012 with a Preliminary Economic Analysis (PEA) and a new NI 43-101 compliant resource statement. The PEA recommends an $18 million program of underground development and drilling to delineate enough resources for an increase in mill throughput to 250tpd (tons per day).


    Getting to 250 tpd


    Today, material from the veins of the BK Zone is feeding the revamped Bralorne mill in our pre-production development phase. Since this began, we have consistently improved the operation and located new gold resources for the future. Processing began at around 85 tpd in 2011, and today we're operating at over 100 tpd. Our plan from hereon is to increase mill throughput in stages. The goal for 2014 is 160 tpd, which will involve installation of a new re-grind mill. The next stage will be to increase to 250 tpd. To reach that level, we plan to develop a number of resource areas and make significant infrastructure improvements. We will also need to locate new gold resources. Our goal is to reach the 250 tpd level in 2016.


    Gold Sales and Gold Inventory Accounting


    Bralorne is considered an exploration stage company that earns incidental revenue through gold sales. The incidental revenue earned on gold sales is used to fund the Company's operations. Since companies in the exploration stage are prohibited to disclose incidental revenue earned as a "revenue" line item, incidental revenue is netted against exploration expenditures incurred, thus reducing the overall balance within the "exploration and evaluation assets" line item on the financial statements. In the fourth quarter of FY2012, Bralorne earned incidental revenue of approximately $3,048,630 which has been offset against exploration and evaluation assets. Companies in the exploration stage are also prohibited to disclose the fair value of unsold gold inventory in the financial statements. We presently have approximately 806 ounces in gold bullion and an estimated 902 ounces within our floatation concentrate. The Company will only be able to disclose gold sales earned as "revenue", and the value of unsold inventory as "inventory" upon declaring commercial production. Bralorne is expected to achieve commercial production once the mine operates consistently at a targeted 250 tpd capacity.


    Growth Without Dilution


    The year 2012 had many challenges but these were met by our dedicated team. The Bralorne property asset was advanced during the year despite weak capital markets, with no share dilution and the Company remained debt free. Incidental revenue on gold sales provides an effective means of funding operations without diluting shareholder value. One of our key operating strategies at Bralorne has been to minimize shareholder dilution. We presently have only 28.5 million shares outstanding, which is a remarkable achievement for a company at our level of development. Funding the next stage of expansion, however, is expected to require about $18 million in capital expenditures. Some of this money may come from equity sales, but we are focusing more on non-dilutive alternatives. One possibility is to secure a long-term contract for concentrate sales.


    Looking Ahead


    Looking ahead in 2013, we will remain focused on two key goals: 1) improving and expanding our mill throughput and, 2) locating additional resources through ongoing exploration. We have an outstanding crew at the Bralorne Mine, and I'm extremely pleased with their diligence in making the operation more efficient, safe and productive.


    We are also confident that the unexplored areas between the historic mines have much more gold waiting to be discovered. There is an old saying that "the best place to look for gold is in the shadow of a head frame". Over four million ounces of gold were produced from several shafts on the Bralorne property, making it an excellent place to explore with potential to develop a major new gold mine.


    I look forward to bringing more good news throughout the coming year.




    ON BEHALF OF THE BOARD
    "Dr. Mathew Ball"

    .. ich würde mal tippen, dass da gute Nachrichten im Hinblick auf den entsetzlichen Markt eher zurückgehalten werden - um dann an beseren agen Verwendung zu finden....


    Die neue Homepage finde ich auf jeden Fall gelungen - den Kurs weniger :wall:


    Aber auch das wird noch


    Mir scheint, dass Dr. Ball in absehbarer Zeit Herrn Kocken ablöst. Mal sehen was da die nächsten Wochen insgesamt an Infos kommt


    Produkton schein in jedem Fall gut zu laufen - und die haben v.a. die Kosten im Griff - ein gigantischer Vorteil in diesem Marktumfeld

    Viel besser gefällt mir diese Meldung (die IR Firma beschäftigen die, weil die wissen, dass gute Nachrichten bereits in der Pipeline sind....).


    BRALORNE OPERATIONAL UPDATE


    Vancouver, B.C. - Bralorne Gold Mines Ltd. (BPM: TSX.V)("Bralorne" or the "Company") provides the following update of results at the Bralorne mine project located near Gold Bridge, British Columbia, where the Company is exploring and building a new gold mining operation.


    MILLING
    Milling results for the fiscal year ended January 31, 2013 have yet to be finalized. Preliminary numbers indicate a total of 27,546 tonnes were milled at an average feed grade of 8.1 grams per tonne gold (0.235 ounces per ton). Total estimated gold recovered was 6,247 ounces, including 3,676 ounces from gravity concentration and 2,570 ounces of gold in 511 tonnes of flotation concentrate. Mill availability was 74% and the average throughput was 101.6 tonnes (112 tons) per day for the time operated.


    MINE DEVELOPMENT
    In 2012, the main objective was pre-production development of the BK-3 zone to define mineralized shoots and prepare for extraction. Early results from the BK-3 development indicated very high grade mineralization on the first sublevel. The first drift along the vein at the 3800 foot elevation exposed a highly mineralized vein with an average grade over a length of 160.0 metres (525 feet) of 68.7 grams gold per tonne (un-cut) over 0.8 metres true thickness or 27.1 grams per tonne with high assays reduced to 51.4 grams per tonne. Subsequent development above and below this level indicated the high grade mineralization occurs where two veins join and is not as extensive as originally anticipated. Overall, a large amount of mine development was achieved during the fiscal year and our objective was completed as scheduled. Mining commenced on the BK3 zone in January.


    At times throughout the past year, the operation suffered interruptions and delays due to mechanical and regulatory issues. Limited surface exploration was done because of a late start due to the permit approval delay, but underground drilling resulted in extension of the BK-3 mineralized area. On a positive note, the average daily mill throughput was improved and the Company secured a contract for sale of all of the flotation concentrate that will be produced in 2013.


    A Preliminary Economic Assessment technical report was completed in November of 2012 that indicates the current mine plan has a potential NPV of 6.4 million over 4.3 years. Management believes this assessment is conservative because a gold price of US$1500/oz was used for years 2013-2016. The report recommended a program of $18.9 million to further develop the mine and define additional resources to warrant expansion of the operation to 250 tons per day. The company plans to carry out this program as funds become available from the operation and through financing activities.


    EXPLORATION DIAMOND DRILLING
    The Company drilled 22 core holes for a total of 2,986 meters during the fiscal year ended January 31, 2013. Most of the drilling (18 holes) was underground drilling aimed at extensions of the BK3 and BK North veins. Permitting delays limited the amount of surface drilling completed. In addition, 14 cored holes for 357 meters were drilled with a Bazooka drill to test for mineralized veins adjacent to the workings on the BK3 zone.


    Overall, the drilling showed positive results with local high grade intercepts on the BKN vein, and potential extensions to the mineralization previously defined by drilling on the BK vein. Several new finds were intersected in both surface and underground hole that will require follow-up drilling. Significant diamond drill intercepts are listed in the table below:


    Hole Az. Inc. From (m) To (m) Core Interval (m) True Width (m) Core Interval (ft) Au (g/T) Au (oz/ton) Gold Target
    UB12-101
    349
    -31 43.9 44.0 0.2 0.2 0.6 8.78 0.256 New Find
    UB12-101 349 -31 76.4 76.4 0.3 0.2 0.9 63.60 1.855 VG BKN Split
    UB12-103 349 -12 55.9 56.2 0.3 0.3 1.1 114.00 3.325 VG BKN
    UB12-103 349 -12 61.1 61.5 0.5 0.4 1.5 12.60 0.367 BKN HW
    UB12-105 334 -7 69.2 70.9 1.7 1.3 5.6 4.10 0.120 BKN
    UB12-106 336 -22 79.8 80.2 0.3 0.3 1.1 3.73 0.109 BKN
    UB12-112 334 +77 9.9 10.4 0.5 0.2 1.6 9.30 0.271 New Find
    UB12-113 14.2 +38 112.2 113.4 1.2 1.0 4.0 6.88 0.201 BK
    UB12-114 9 +61 103.6 104.1 0.4 0.2 1.4 6.88 0.201 BK FW
    UB12-115 335 +59 88.4 89.0 0.6 0.3 2.0 25.00 0.729 VG New Find
    UB12-115 335 +59 89..0 90.3 1.3 0.7 4.4 5.93 0.173 New Find
    UB12-115 335 +59 163.7 165.8 2.1 1.2 7.0 409.51 11.944 VG BK
    UB12-116 324 +45 132.6 134.4 1.8 0.7 6.0 6.67 0.195 BK
    SB12-002 175 -49 224.5 224.7 0.1 0.1 0.4 6.70 0.195 New Find
    SB12-002 175 -49 246.7 246.9 0.2 0.2 0.6 47.90 1.397 VG New Find
    SB12-002 175 -49 303.1 303.4 0.3 0.3 1.0 22.00 0.642 77 Vein
    UZ12-003 005 +5 12.2 12.8 0.6 0.6 2.1 11.80 0.344 VG BK Split
    UZ12-004 350 +5 12.2 12.3 0.1 0.1 0.3 33.00 0.962 BK Split
    UZ13-001 177 +6 13.8 13.8 0.3 0.3 1.1 3.60 0.105 BK
    UZ13-004 180 +5 24.5 24.5 0.5 0.5 1.4 8.70 0.254 BK ALT


    Abbreviations: VG = visible gold, QV=quartz vein, QSTZ=quartz veinlet zone, ALT = altered zone
    Au = gold, oz/ton = ounce per ton, Az=azimuth, Inc=inclination, HW = hanging wall, FW = foot wall, BK = BK vein, BKN = BK North vein


    Cautionary Note: The company considers all intercepts assaying 0.1 oz/ton Au or greater as significant, but cautions that these intercept data are preliminary in nature and not conclusive evidence of the likelihood of the occurrence of an economic mineral deposit.


    Thorough QA/QC protocols are followed on the project by monitoring the results of blank and standard samples inserted at a frequency of 1 in 20 each and re-analysis of check samples at a second laboratory. Drill core samples were submitted for preparation and analysis directly to either ALS Laboratory Group in North Vancouver or SGS Laboratory in Vancouver, both of which are ISO certified and accredited. Analysis is conducted on 1 assay-ton aliquots using the fire assay method with a gravimetric finish. Metallic sieve assays are done on all mineralized quartz vein samples. The project is under the technical supervision of Dr. Matt Ball, P.Geo., President and Chief operating Officer of the company and qualified person ("QP") as defined by National Instrument 43-101, who has reviewed the technical content of this release

    Hallo elefant,


    habe dieselbe Frage heute Morgen an Bralorne geschickt und prompt eine Antwort bekommen von Johnathon Smith. Er schreibt:


    Die Kern-Intervalle, auf die sie hinweisen, sind nicht wirtschaftlich abbaubar, wenn sie nur auf das Bohrloch schauen. Die Bohrlöcher sind bedeutende Abschnitte und haben Ergebnisse gebracht, um weitere Definitionsbohrungen zu bohren, bei denen die Ergebnisse sich über eine kurze Distanz ganz erheblich ändern können. Bei dieser Art schmaler Adernlagerstätten verengen und erweitern sich die Adern und nur ein paar Meter Entfernung können einen gewaltigen Unterschied ausmachen.


    Die Bohrergebnisse zeigen also mMn nur an, dass Gold da ist, ob es wirtschaftlich abbaubar ist, müssen weitere Bohrungen zeigen.


    Grüße GW

    Hallo Goldwasser, habe Deinen Beitrag leider erst jetzt gesehen - hätte auch ähnlich geantwortet Problem bei Braloren ist, dass die letztes Jahr aus verschiedenen Gründen (v.a. Permitting) nicht so viel bohren konnten wie eigentlich gewollt - das wird aber zeitnah nachgeholt - wir hatten ja schon festgestellt, dass massive Goldverseuchung auf den Claims zu erwarten sind....


    bin also optimistisch :) auch wenn mir der shareprice nicht gefällt

    DRIFTING ON NEW DISCOVERY AVERAGES 40.6 g/T GOLD OVER 0.24 METERS


    Vancouver, B.C. - Bralorne Gold Mines Ltd. (BPM: TSX.V)("Bralorne or the Company") provide the following update of results at the Bralorne mine project located near Gold Bridge, British Columbia, where the Company is exploring and building a new gold mining operation.


    M VEIN DISCOVERY
    Underground development was completed in February to explore the "M Vein" that was discovered in surface drill hole SB11-021, which intersected 1282.8 grams gold per tonne (37.4 ounce gold per ton) over 0.5 metres (1.5 feet) estimated true thickness. A new incline driven 60 metres from the BK3 workings passed 6 metres below the drill hole intercept and intersected a new gold-quartz vein on February 14. Sub-level drifting is now underway along the vein, with a total of 36 metres completed to date.


    The vein is generally well-mineralized with disseminated and bands of visible gold, similar to the high grade mineralization seen in the surface drill hole intercept. Channel sample results received to date range up to 321.0 grams gold per tonne and average 74.5 grams gold per tonne (2.17 ounce per ton) uncut, or 45.6 grams gold per tonne (1.33 ounce per ton) with high assays cut to 98.3 grams per tonne. The vein averages 0.5 metres (0.8 feet) in thickness over the sampled strike length of 20 meters. Raising is now planned to explore the vein up dip and through the high grade drill hole intersection.


    This new zone of gold mineralization is an added bonus for the BK3 area since it was not included in the resource inventory in the Preliminary Economic Assessment report completed in 2012. The discovery is a classic example of how additional mineralization is typically discovered during underground development in gold-quartz veins deposits.


    For more information, please visit our website at: http://www.bralorne.com


    ON BEHALF OF THE BOARD
    "William Kocken"
    __________________________________________
    William Kocken, President & Chief Executive Officer

    Und schon wieder eine auf den ersten Blick eher unauffälige aber dennoch gute Meldung...., weil Teile der neuen Struktur nahe den anderen Adern liegen und damit gut und wirtschaftlich abbaubar sein sollten.....


    schön ist der Textteil...."This new zone of gold mineralization is an added bonus for the BK3 area since it was not included in the resource inventory in the Preliminary Economic Assessment report completed in 2012. The discovery is a classic example of how additional mineralization is typically discovered during underground development in gold-quartz veins deposits." [smilie_blume]


    March 25, 2013


    View PDF


    DRIFTING ON NEW VEIN DISCOVERY AVERAGES 40.6 g/T GOLD OVER 0.24 METERS
    Bralorne Gold Mines Ltd. (the "Company") provide the following update of results at the Bralorne mine project located near Gold Bridge, British Columbia, where the Company is exploring and building a new gold mining operation.


    M VEIN DISCOVERY
    Underground development was completed in February to explore the "M Vein" that was discovered in surface drill hole SB11-021, which intersected 1282.8 grams gold per tonne (37.4 ounce gold per ton) over 0.5 metres (1.5 feet) estimated true thickness. A new incline driven 60 metres from the BK3 workings passed 6 metres below the drill hole intercept and intersected a new gold-quartz vein on February 14. Sub-level drifting is now underway along the vein, with a total of 36 metres completed to date.


    The vein is generally well-mineralized with disseminated and bands of visible gold, similar to the high grade mineralization seen in the surface drill hole intercept. Channel sample results received to date range up to 321.0 grams gold per tonne and average 74.5 grams gold per tonne (2.17 ounce per ton) uncut, or 45.6 grams gold per tonne (1.33 ounce per ton) with high assays cut to 98.3 grams per tonne. The vein averages 0.5 metres (0.8 feet) in thickness over the sampled strike length of 20 meters. Raising is now planned to explore the vein up dip and through the high grade drill hole intersection.


    This new zone of gold mineralization is an added bonus for the BK3 area since it was not included in the resource inventory in the Preliminary Economic Assessment report completed in 2012. The discovery is a classic example of how additional mineralization is typically discovered during underground development in gold-quartz veins deposits.



    ON BEHALF OF THE BOARD
    "William Kocken"

    Zitat von elefant_111

    Das sind gute Nachrichten, die allerdings von der Börse komplett ignoriert werden - wer schaut in dieses Tagen auf einen Small Cap?


    Hallo Elefant,


    das sind sehr gute Nachrichten und sie haben Wirkung gezeigt. Immer, wenn es kursmäßig eng wird, hauen sie eine solche Meldungen raus. Ich glaube, wenn die Meldung nicht gekommen wäre, hätte es Bralorne wahrscheinlich schlimmer erwischt. Bralorne wird ganz sicher seinen Weg gehen!!!


    Grüße GW

    Wenn die Börse versteht, dass da noch 3-4 Mio Unzen zum Teil hochgradiges Material im Berg liegt, dann kostet die Aktie ein Vielfaches - ich bin sicher dass da noch viel ist - da muß aber noch die Entwässerung des historischen Bergwerkes erfolgen, undergroun drilling, rehabilitation etc.


    Die sind auf einem SEHR GUTEN WEG

    Habe gerade gesehen, das Bralorne eine Finanzierung macht:


    http://www.marketwire.com/pres…x-venture-bpm-1782552.htm


    Bill Kocken hat das in diesen schwierigen Zeiten recht gut hingekriegt - allerdings begeistert mich der Zinscoupon von 12,5% nicht gerade...


    Aber auch das ist eine sehr gute Nachricht - BPM kann die Erweiterung jetzt stemmen - der Goldpreis wird sich erholen und damit wird BPM zur Gelddruckmaschine

    Zitat von elefant_111

    Habe gerade gesehen, das Bralorne eine Finanzierung macht:


    Die wurde jetzt wieder abgeblasen!


    May 24, 2013


    BRALORNE ANNOUNCES CANCELLATION OF CONVERTIBLE DEBENTURE FINANCING
    Bralorne Gold Mines Ltd. (the "Company") announces that the convertible debenture financing arrangement in an aggregate principal amount of a minimum of $5,000,000 and up to a maximum of $7,500,000 reported on April 24, 2013 has been cancelled by mutual consent.


    The Company is currently pursuing alternative financing for the purpose of funding the exploration and development program on its mineral properties at Bralorne, B.C.


    Grüße GW

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