VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 11/18/13 — Bralorne Gold Mines Ltd. (TSX VENTURE: BPM)(OTCQX: BPMSF)(FRANKFURT: GV7) (the „Company“) is pleased to announce that it has met the requirements laid out by the Ministry of Energy and Mines to improve health and safety at its mine operation, and has received approval to resume underground mining activities.
The Company will continue milling, with material from underground mining to be combined with that from surface stockpiles to increase the overall grade processed. Exploration development of the BK vein will proceed to prepare additional blocks for mining. The Company will also pursue cost savings and eliminate non-essential costs wherever possible without compromising productivity.
Further exploration and development is also planned in the prospective areas between the historic productive King, Bralorne and Pioneer gold mines which, if successful, would support the Company-s goal of an expanded operation.
The Bralorne project is located near Gold Bridge, British Columbia and is currently an exploration stage, underground mine project. Gold production generates incidental revenue which is used to partially offset expenditures. The Company employs approximately 50 people at its Bralorne operation and is conducting exploration and development work with the goal of achieving a sustainable operation with increased gold production. The Company is committed to improving the health and safety at its operations site.
For more information, please visit our website at: .
ON BEHALF OF THE BOARD
William Kocken, Chief Executive 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.
Contacts: Bralorne Gold Mines Ltd. William Kocken Chief Executive Officer 604.682.3701 604.682.3600 (FAX)
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