Bralorne Gold Mines Ltd.
COMPANY DATA | INTRODUCTION
| PROJECT IN HAND | MANAGEMENT
NEWS UPDATE | CHINESE
| Address: | Suite 400, 455 Granville Street Vancouver, B.C. Canada V6C 1T1 |
| Tel No.: | (604) 682-3701 |
| Fax No.: | (604) 682-3600 |
| Web Site: | www.bralorne.com |
| Corporate Email: | ir@bralorne.com |
| Contact Person: | Johnathon Smith |
| Position: | Corporate Communications |
| Traded Market: | TSX-V | US OTC | Frankfurt |
| Traded Symbol: | BPM | BPMSF | WKN |
| Outstanding Shares: | 14,607,160 | ||
| Public Float: | 80% | ||
| 52 Week High: | $ 1.65 | ||
| 52 Week Low: | $ 0.95 | ||
| Present Price: | Click Here | ||
INTRODUCTION
Bralorne Gold Mines Ltd. is a Canadian junior mining and exploration company, whose corporate strategy is to build
shareholder value through the exploration and development of economically viable mineral properties. The Company has assembled the largest past producing gold mines in Western Canada, the Bralorne, King and Pioneer mines, into a large continuous land package in the Bridge River Valley of British Columbia. This region is considered the largest mining camp in Western Canada. Over 4 million ounces was mined from the Bridge River mining camp, at an average grade of 17.95 g/t (0.53 oz/t) from 1927 to 1971.
Bralorne Gold Mines Ltd. has acquired all the claims of the Bralorne, King and Pioneer mines plus surrounding new ground. These holdings represent the first time in history that all three operations and important surrounding claims have been owned by one company.
PROJECT IN HAND
Bralorne Gold Mine, British Columbia
The 2,492 hectare Braloren property is located 160 km due north of Vancouver, British Columbia, and combines the
largest historic Bralorne, Pioneer, and King gold mines in Western Canada. The Company is re-developing these former and very successful gold mines. Although these three operations produced 4.15 million ounces of gold from 1932 to 1971, large areas of the property remain unexplored or under-explored.
According to experts in quartz gold vein deposits, this property is considered a world-class deposit, as it has produced 130 tonnes gold. Average deposits of this size produce between 3 to 100 tonnes of gold from 400,000 to 10 million tonnes of ore. Quartz gold vein deposits are quite high-grade, ranging from 4 - 12 grams/tonne on average, and Bralorne's historic production is above average, at 17.95 g/t gold.
Since Bralorne acquired 100% of the property, the Company has completed extensive drilling, sampling and trenching above and below ground. This resulted in the identification of the Peter Vein, which Bralorne put into production in 2003. Upon closure of the mill and the disappointing results of the Peter Vein in 2005, the Company developed an aggressive exploration strategy to identify resources in under explored areas of the property. A three-phase exploration program is recommended by Beacon Hill Consultants Ltd.
The Company completed Phase I exploration in 2006. Phase II exploration work completed in 2007. Bralorne's underground drilling in 2007 was designed to determine the extent of the "Bonanza" structure encountered in 2006. Phase II included 42 holes drilled from underground in a location where no historical drilling had taken place. The result was discovery of a new high-grade mineralized structure called the BK Zone, which lies between the King and Bralorne mines. Gold intercepts in the BK Zone ranged from 0.6 to 5.5 m (2 to 17.5 ft) in length, with grades ranging from 2.74 to 86.08 g/t (0.08 to 2.511 oz/t) gold. The BK Zone is now the focus of Phase III exploration.
Based on recommendations from Beacon Hill Consultants Ltd., Bralorne's Phase III exploration (underway) includes the following elements:
1) Commence drift development in those areas, such as the BK Zone, where structure has been identified that has mineral intercepts greater than 3 g/t Au.
2) Locate areas that have historical assays of 12 g/t Au and greater and re-assay those areas.
3) Identify and investigate areas in the mine (above 800 level) with potential for additional resources.
Bralorne is now driving a drift into the BK Zone from the existing Alhambra cross-cut. This drift will allow access to the BK structure.
The overall objective of Phase I, II and III exploration is to delineate resources of 500,000 tonnes grading 12 g/t Au (0.385 oz/t Au). This reserve would allow the mine to operate at 280 tpd. In addition to exploration and development to outline the
500,000-tonne reserve, the Company is budgeting for upgrading the surface facilities. These improvements would allow for increased production from the present 100 tpd. The long-term goal is to continue increasing throughput and eventually bring the mill to its permitted level of 500 tpd.
Bralorne is aggressively targeting the BK Zone to determine a NI 43-101 compliant resource estimate. Upon delineation of the target resource, management has indicated they will proceed with a full feasibility study before initiating production. The timeline for this entire process depends largely upon the determination of a 500,000-tone resource estimate. However, the management has indicated they are aiming for production by 2009.
MANAGEMENT
Bralorne Gold Mines Ltd. has a professional management team with experience in different areas.
Officers and Directors
William (Bill) Kocken, President & Director
Over 40 years' experience in mine development. Built Inlet Metal and Machining into one of Vancouver's largest mine and transport equipment fabrication companies. As CEO of Terra Mines, he was instrumental in completing a 250-tpd facility.
Louis Wolfin, CEO & Director
Over 50 years' experience in mining, exploration and finance. Founded Bralorne Gold Mines in the mid-1990s, managing it through many phases of development and permitting. Also founded and built Avino Silver & Gold Mines. Working with Mexican partnership, he oversaw operation of the Avino mine for 27 years.
Kevin Bales, CFO
Mr. Bales graduated in 1991 from the University of Lethbridge with a Bachelor of Management degree and a major in accounting. He has been with the Company since 2005 and has over 15 years of financial reporting experience in the information technology and mining industries.
Lloyd Andrews, Chairman & Director
A former Washington State Senator, Mr. Andrews provides Bralorne with extensive experience in both the private and public sectors. He currently sits on the boards of Smith Barney Mutual Funds and Citigroup.
David Wolfin, Vice-President, Finance & Director
Over 20 years' experience in mining and finance. Learned the business "from the ground up", starting as a geologist's assistant and working at a number of mining and exploration projects in North America. With the Wolfin Group of companies since 1990, he has helped raised over CDN$50 million.
Matt Wayrynen, Vice-President, Operation & Director
Mr. Wayrynen provides extensive financial and management experience in a variety of industries. Over the past 15 years, he has sourced and managed venture capital, start-ups and mergers and acquisitions.
Mimy Fernandez-Maldonado, Corporate Secretary
Ms. Fernandez-Maldonado has over 9 years corporate and management experience in public companies and has worked in the mining industry since 2005. As Corporate Secretary, her main responsibilities include communications with the board of directors, corporate governance and regulatory compliance. Prior to joining the Company, she was the Corporate Secretary of Leisure Canada Inc., X-Tal Minerals Corp. and La Mancha Resources Inc. Ms. Fernandez-Maldonado is a member of the Canadian Society of Corporate Secretaries and is fluent in English and Spanish.
William Glasier, Director
Mr. Glasier was instrumental in development of the Bralorne Mine, particularly with regard to permitting. He provides financial and resource consulting for a number of public companies, and his primary expertise lies in finance and project management.
Gary Robertson, Director
A Certified Financial Planner, Mr. Robertson has worked in the financial industry for the past 20 years. He is presently with Dundee Capital Management.
Florian Riedl-Riedenstein, Director
With more than 30 years' experience in corporate finance and international banking, Mr. Riedl-Riedenstein provides Bralorne with valuable exposure and counsel regarding foreign investment. He specialized in the funding of resource companies and offers extensive experience in, and knowledge of the mining industry.
NEWS UPDATE
On March 20, 2008, Bralorne Gold Mines Ltd. announced that it has closed its non-brokered private placement reported in Stockwatch on February 27, 2008. The Company issued 300,000 units at a price of $1.30 per unit. Each unit consists of one flow-through share and one non-transferable non-flow-through share purchase warrant.
On March 17, 2008, Bralorne Gold Mines Ltd. announced that it has intersected the BK zone at a distance of 310 feet in the crosscut from the Alhambra drift. Drifting on the BK zone structure and vein commenced on March 3, with 175 feet of advance being completed by March 16.
On February 27, 2008, Bralorne Gold Mines Ltd. announced that it has arranged a $390,000 non-brokered private placement of up to 300,000 units at a price of $1.30 per unit, each unit consisting of one flow-through share and one non-transferable, non-flow-through share purchase warrant. Each warrant under the flow-through offering will entitle the investor to purchase one additional non-flow-through common share with a term of 24 months and an exercise price of $1.60 during the first year and $2 during the second year.