🕐28.10.09 - 13:43 Uhr
BRALORNE GOLD MINES LTD - NEWS RELEASE
Bralorne Newsletter
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| TSX Venture: BPM OTCBB: BPMSF Frankfurt/Berlin: WKN A0B75M
52-week range: $0.45 - $1.09 Shares Outstanding: 20,464,711
Investor Relations: 604.682.3701 |
BRALORNE RECEIVES $1.3M IN EXPLORATION TAX CREDITS
Bralorne Gold Mines Ltd.
(the Company) is pleased to announce they have received over $1.3M in government tax credits during the current quarter. The refunds are associated with the British Columbia Mining Exploration Tax Credit Program for the Companys fiscal years ended January 31, 2004 through 2007.
The refunds were anticipated subsequent to a customary government audit which was recently completed.
Earlier in the year, the Company updated its resource calculations.
Further development to access the resources located in the 51B FW, Taylor Vein, and the BK Zone were identified and exploration and development are well underway.
The main focus is to achieve production in approximately 12-24 months.
All permits are in place and the Company is well funded to proceed with its plans.
The Company would also like to elaborate further on the news release dated October 22, 2009 titled: 2009 Diamond Drill Program Commences to Expand BK Zone. Currently 8 holes have been drilled in the unexplored BK Zone Gap between the 800 and 575 level to test for continuity of the vein structure. These drill holes have been logged, sampled and the Company is now awaiting results from Eco-Tech Laboratories Ltd.
in Kamloops, BC.
For a further understanding of the Companys plans, please view our corporate presentation at:
ON BEHALF OF THE BOARD
William Kocken ___________________________________ William Kocken, President & CEO
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 Companys
periodic filings with Canadian securities regulators.
Such information
contained herein represents managements 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.
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