Bralorne Gold Mines will go ahead with the last phase of its three-phase exploration program at the historic and very successful Bralorne, King and Pioneer gold mines of southwest British Columbia in early October.
The goal of this next step, says President Will Kocken, is to verify the grade and size of a previously unknown high grade mineralization found near the recently restored Alhambra drift, before the company makes a decision to increase the mill operations from 120 tpd to 280 tpd.
In early October two shifts will start working day and night to cross cut the structure and delineate resources. This resource should provide sufficient feed to begin operations at more than double the current mine's processing rate.
Phase two of the exploration program, outlined by Beacon Hill Consultants in 2006, included significant surface and underground drilling. Present work is focused on the King Vein area, where drilling in 2006 intersected a "Bonanza" hole grading 11.78 oz/ton Au over 1.1 feet and 7.20 oz/ton Au over 1.2 feet.
According to Kocken, the results of Phase two were better than expected. "We planned to drill 12 holes, but we kept drilling East and West as far as we could reach from the drill station that was set up from the King Vein area where we have drilled 42 holes so far. Now we are in the process of completing Phase 3 of the exploration program," he says.
Since acquiring the project from Avino Silver & Gold Mines in 1995, Bralorne Gold Mines has expanded their holdings, completely re-furbished the facility, obtained all permitting and brought it back to operation
Bralorne Gold Mines Vice President, Finance and Director, David Wolfin, explains that significant areas of all three mines remain unexplored or under-explored. "Considerable high-grade ore remained when the operation shut down due to low gold prices. Our work is focused on exploring both new and developed ground to expand resources," Wolfin says.
Together, Bralorne, King and Pioneer mines represent the largest historic gold producer in the Canadian Cordillera.
Funding
Bralorne Gold Mines raised C$5.4 million in the fourth quarter of fiscal year 2006, providing sufficient funds to carry out the bulk of Beacon Hill's recommendations. Currently the company is debt free and last July granted incentive stock options for the purchase of 50,000 shares at a price of $1.16 per share exercisable on or before July 23, 2012 to President Kocken.
Meet InfoMine at the Toronto Resource Investment Conference
We invite you to visit us at the upcoming Toronto Resource Investment Conference, October 21 & 22 in the Metro Toronto Convention Centre, Toronto, Canada. We will be located in booth #342.
InfoMine will be at China Mining 2007…will you?
InfoMine will again be attending Asia’s premier mining conference and exhibition – China Mining – November 13 through 15 2007, at the International Convention Center, Beijing.
China Mining, hosted by China's Ministry of Land & Resources, is now in its 9th year, last year hosting over 2,500 participants in 200 exhibition booths from 46 countries. The event provides an important channel for communication and exchanging information among global mining enterprises, while building relationships and creating valuable networking opportunities.
Come and meet InfoMine’s President, Graham Baldwin, and Pouris Huang Shusheng, InfoMine’s China Representative, at our booth in the Media Area.
TechnoMine now has over
85 Technology Reviews. New this past month are
Surface Air Quality at Mines and the
Canadian National Instrument 43-101. In addition, we have reformatted out Technology Reviews to provide you with more links to Additional Technology media, Additional InfoMine media, and Additional offsite media that you may find interesting---to access these new links, simply scroll to the bottom of the Technology Review.
The InfoMine Blogs continue provocative and controversial about all things mining:
Vinometallurgy explores productive use of surplus Australian wine in heap leaching of minerals.
The Abundance of Minerals wonders why uranium cost so much when there is so much in the ground. I THINK MINING examines the
Scoble Kemess Report and battles between British Columbia and Montana on new coal mines and national parks. And we look at the history of an
Indiana town that grew and died as the mines came and went.
InfoMine is pleased to welcome The BarkerLetter to BlogMine. The BarkerLetter, produced by Kevin Barker, provides fresh, daily analysis of mineral industry news and trends.
Kevin Barker is a veteran business journalist who worked for seven years as an investigative crime reporter for Equity Magazine, an award winning business journal based in Vancouver BC Canada. Kevin was also the editor of The Prospector newspaper for many years, where he picked up his knowledge of the mining and mineral exploration industries. He subsequently focused his attention on mining stocks and started The BarkerLetter.
Check out The BarkerLetter at http://barkerletter/blog.infomine.com.
ReclamationMine is edited by Kim Bitman of Teck Cominco and serves as the mouthpiece of the British Columbia Technical & Research Committee on Reclamation. It is thus fitting that the most significant
announcement on this site and elsewhere on InfoMine this month was that
Teck Cominco donated $100,000 to the
Canadian Red Cross for use in assisting victims of the Peru earthquake. We applaud this act.
This 3-day classroom course by Dr. Isobel Clark is presented as part of EduMine's blended learning program and runs in Vancouver from October 24 - 26.
The course allows participants to discuss and analyse their own data using the Geostokos Toolkit software under the supervision of Dr. Clark.
Participants also get to take away software for their own use more »
This course discusses the principles and practice of surface water management at mines.
It is intended for mining professionals responsible for the hydrologic, hydraulic, environmental, civil, and mining engineering works required to manage surface water at a mine.
This is a companion course to the recent Groundwater in Mining course by Jack Caldwell.
more »
EduMine has introduced new free trial functionality that allows you to review up to 10 pages from any EduMine course ... and to keep on coming back periodically to view another 10 pages whenever a new course becomes available. This means that all of our free trial registrants from the past few years can now review new courses that were not available before. All you need to do to receive your free trial review privileges is to register online with your email address. We will also keep you advised of new courses as they become available in the future more »
