Barkerville Gold Mines Ltd. (the "Company" or "Bar
The Application is for a 70,000 tonne/year open pit operation, with trucking to the Company's QR Mill near Quesnel, B.C., by existing highway and forest service road. No new infrastructure is required to support the operation. Upon approval, Bonanza Ledge ore will augment gold production at the Company's permitted QR Mine&Mill. The QR Mill is a 900 tonne/day facility currently in production and shipping gold dore bars.
In combination with the environmental review, the Company was required to communicate with local government, the public and First Nations during the preparation of its Application and to formally present the Application to check that issues heard during the pre-Application period have been satisfactorily addressed. Accordingly, the Company advertised and presented the Application at a community open house at Wells, B.C. in October 2010. The Company also continued to meet, and announced signing of a Project Agreement with the Lhtako Dene Nation in relation to the Project in early December 2010 (see News Release 10-37, December 9th, 2010).
Participating organizations in the multi-agency South Central Mine Development Review Committee include the B.C. Ministries of Natural Resource Operations, Environment, Transportation and Infrastructure, Forests, Mines and Lands, and Tourism, Trade and Investment; as well as First Nations in the vicinity of the Company's projects.
The Company is to submit an application for an amendment to existing Mines Act Permit M-198 at the QR Mine site to allow processing of the Bonanza Ledge ore at the QR Mill.
The Company's Cow Mountain Property is a future open pit operation with a new mill purchased in November 2010 (see News Releases November 8th and 18th 2010) to be located in the vicinity of Wells, B.C. The application for this larger scale operation will trigger review under the BC Environmental Assessment Act, and is anticipated for submission in 2011.
About Barkerville Gold Mines Ltd.
The Company has been focused on exploration and development of gold projects in the Cariboo Mining District in central British Columbia since 1994. The Company's mineral tenures now cover over 1,225 square kilometers of mineral tenures encompassing 7 past producing hard rock mines and three NI43-101 gold deposits, including the QR Mine&Mill. The QR Mine&Mill was acquired in February 2010 and includes a 900 tonne/day gold milling facility and a permitted gold mine located approximately 110 kilometers by highway and all-weather road from the Barkerville Gold Camp. Mining operations commenced at QR in February and the Company began pouring dore gold in September of this year. In November 2010, the Company acquired a second permitted mill currently on care and maintenance in Revelstoke, B.C. and plans to relocate it to the gold deposits in the Barkerville Gold Camp near Wells, B.C. and upgrade it to a 2,000-tonne/day facility subject to all approvals. The Company has not hedged any of its future gold production.
On behalf of the Board of Directors
J. Frank Callaghan, President and CEO
This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events and conditions and therefore involve inherent risks and uncertainties. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. All phases of the Company's operations are subject to environmental regulation and governmental approval and permits and there can be no assurance that the Company will obtain all the requisite permits for future development. Mining is an inherently risky business with large capital expenditures and cyclical metals markets.
Neither the 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.
Contacts:
Barkerville Gold Mines Ltd.
J. Frank Callaghan
President and CEO
(604) 669-6463
(604) 669-3041 (FAX)
www.barkervillegold.com
© 2010 MarketWire
Barkerville Gold Mines Ltd. (TSX:BGM)
Historical Stock Chart
1 Monat : December 2010 bis January 2011
Barkerville Gold Mines Ltd. (TSX VENTURE: BGM)(FRANKFURT: IWUB) (the "Company") reports it has received British Columbia Provincial Government approval to develop a new haul route on its Bonanza Ledge property and access to Highway 26 near Wells, B.C.
The new property access is designed to avoid impacts to local roads and residents by bypassing the community of Wells and Barkerville Historic Town. As added benefit, part of the road clearing will take place on crown grants with surface rights owned by Barkerville Historic Town, and the logs are destined for a new demonstration sawmill project at the national historic site.
Company President and CEO, J. Frank Callaghan states, "We are all very pleased with how this has worked out. This is a win/win situation for industry, tourism and the local communities".
A Mines Act Application to commence production from the Bonanza Ledge Property, near Wells, B.C., was accepted for review in November 2010. The Application is for a 70,000-tonne/year open pit operation that will augment the current gold production at the Company's QR Mine & Mill, a 900 tonne per day facility producing and shipping gold dore bars. The 60-day formal review period ends January 29, 2011.
Equipment is on site and road clearing will begin immediately. Following approval, the Company will commence development and gold production from the Bonanza Ledge property.
Ich glaube Barkerville hat sich dadurch einen Steuervorteil verschafft, vielleicht weiß jemand anderes mehr.
BARKERVILLE GOLD MINES LTD. ("BGM")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: January 17, 2011
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation Offers to
Purchase dated December 7, 2010, a collective 10% Net Profit Interest
Royalty in the Cariboo Gold Quartz Property, Island Mountain Property and
Mosquito Creek Property, which are located near Cow Mountain in the Cariboo
Mining Division of British Columbia. The offers were made between Winta
Resources Ltd. (as to 7%), Bumper Development Corporation Ltd. (as to 2%)
and Kristen Snethum (as to 1%) and the Company. Consideration is 250,000
common shares of which 175,000 are issuable to Winta, 50,000 shares are
issuable to Bumper and 25,000 shares are issuable to Ms. Snethun.
Barkerville Releases Q3 Financials
Vancouver, BC -- Barkerville Gold Mines Ltd. (TSXV:BGM) (the "Company") has released its third quarter 2010 financial statements and related management discussion and analysis. The Company recognized $1,740,141 in revenue from sales of 1,223 ozs of gold at $1,422.847/oz. The Company reports a net loss of $21,657,285 for the period ended November 30, 2010 or $0.34 per share as compared to a net loss of $5,218,497 or $0.12 per share for the period ended November 30, 2009.
J. Frank Callaghan says, "Reporting our first quarter of revenue from gold production is an important milestone for the Company. We look forward to continuing production ramp up and an aggressive exploration and drilling program to expand current gold resources".
The first gold dore bar from the QR Mine and Mill was poured on September 8th weighing 314.1 troy ounces (9.77 kg). Production ramp-up and mill optimization continued successfully through the quarter with continuous gold dore production through the facility's CIP and gravity circuits. For the quarter, the Company shipped a total of 10 gold dore bars totaling 98.904 kg to Johnson Matthey, a gold refiner located in Brampton, Ontario. The sale of the first 6 bars was settled during the quarter with the sale of bars 7 through 10 settling the following month in the subsequent quarter.
Interim financial statements, MD&A and related documents have been filed and can be viewed on SEDAR at www.sedar.com.
About Barkerville Gold Mines Ltd.
The Company has been focused on exploration and development of gold projects in the Cariboo Mining District in central British Columbia since 1994. The Company's mineral tenures now cover over 1,225 square kilometers of mineral tenures encompassing 7 past producing hard rock mines and three NI43-101 gold deposits, including the QR Mine & Mill. The QR Mine & Mill was acquired in February 2010 and includes a 900 tonne/day gold milling facility and a permitted gold mine located approximately 110 kilometers by highway and all-weather road from the Barkerville Gold Camp. Mining operations commenced at QR in February and the Company began pouring doré gold in September of this year. In November 2010, the Company acquired a second permitted mill currently on care and maintenance in Revelstoke, B.C. and plans to relocate it to the gold deposits in the Barkerville Gold Camp near Wells, B.C. and upgrade it to a 2,000-tonne/day facility subject to all approvals. The Company has not hedged any of its future gold production.
On behalf of the Board of Directors
"J. Frank Callaghan"
J. Frank Callaghan
President and CEO
Barkerville Intercepts 16.7 Meters Grading 15.9 g/T Gold in Replacement Mineralization On Cow Mountain and Hits 32.6 Meters Grading 10.8 g/T Gold 190m NW of Cariboo Gold Quartz Mine
Vancouver, BC -- Barkerville Gold Mines Ltd. (TSXV:BGM) (the "Company") announces the final results from its 2010 drill program at Cow Mountain and Barkerville Mountain. This last round of drilling for 2010 includes the discovery of replacement style gold mineralization on Cow Mountain and quartz-pyrite vein hosted gold mineralization approximately 190 meters mine grid NW of the Cariboo Gold Quartz proposed open pit mine. Highlights include:
* 15.9 g/T gold over 16.7 meters (55.0 feet), including 42.0 g/T gold 3.0 meters (10.0 feet) and 27.3 g/T over 5 meters (16.4 feet) - (DDH CM10-13, semi massive to massive pyrite replacement mineralization in light grey/grey calcareous phyllite with lesser quartzite)
* 10.8 g/T gold over 32.6 meters (107.0 feet), including 30.6 g/T gold over 10.7 meters (35.1 feet) - (DDH CM10-18, quartz-pyrite veins and pyrite blebs within argillite with lesser/minor quartzite, located approximately 190 meters mine grid NW of the proposed pit)
The Company also announces the start of the 2011 drill campaign on Cow Mountain. This year's drill program is intended to extend the proposed pit an additional 300 feet below the current resource level in an effort to double the tonnage of the current NI43-101 resource. At the same time, drilling to twin some older, non-43-101 compliant drill holes is underway in an effort to return the resource to historic levels. Additional drill plans for this year to expand on the two new developments announced today will be forthcoming and the Company is already permitted to drill another 178 drill holes on top of the current 122 drill hole program underway on Cow Mountain.
J. Frank Callaghan states, "These are exciting developments around the proposed Cariboo Gold Quartz mine. The current NI43-101 resource and our past drilling here have been based on gold hosted in a quartz stockworks. Finding gold in replacement mineralization similar to the style found at Bonanza Ledge and the neighboring historic Island Mountain Mine brings a new dimension to Cow Mountain. Additionally encountering a higher grading gold in quartz-pyrite veins 190 meters outside of the Cariboo Gold Quartz proposed open pit area really brings up the potential to extend the mineralized area."
Additional drilling on Cow Mountain was done in 2010 to test the footprint bounds of the Cariboo Gold Quartz proposed pit right to the historic tailings lake at the foot of the mountain.
The Company drilled an additional 10 holes (included in the final 2010 drill results) on Barkerville Mountain that were designed to provide a better understanding of the BC Quartz Vein and any possible extension of fine-grained pyrite replacement mineralization around the Bonanza Ledge gold deposit.
Full assay tables of the 2010 drill program are available on our website. To view, please visit the following link: http://www.barkervillegold.com/s/DrillResults.asp.
About Barkerville Gold Mines Ltd.
Since the mid 1990s the Company has focused on exploration and development of gold projects in the Cariboo Mining District in central B.C. The Company's mineral tenures now cover over 1,225 square kilometers, encompassing seven past producing hard rock mines and three NI 43-101 gold deposits, including the QR Mine & Mill. The QR Property was acquired in February 2010 and includes a 900 tonne/day gold milling facility and a permitted gold mine located approximately 110 kilometers by highway and all-weather road from the Barkerville Gold Camp. Mining operations commenced at QR in February 2010 and the Company began pouring doré gold in September 2010. In November 2010, the Company acquired a second permitted mill currently on care and maintenance in Revelstoke, B.C. for relocation to the Barkerville Gold Camp near Wells, B.C. and upgrade it to a 2,000-tonne/day facility subject to government approvals. In November 2010 the Company and the Lhtako Dene First Nation also signed a Project Agreement in relation to its Bonanza Ledge and Cariboo Gold Projects. The Company has not hedged any of its future gold production.
The technical information in this News Release has been reviewed and approved by Chief Geologist Jim Yin, PhD, P.Geo, a qualified person as defined in National Instrument 43-101.
On behalf of the Board of Directors
"J. Frank Callaghan"
J. Frank Callaghan
President and CEO
Tel: (604) 669 - 6463
New highlights are as follows:
Channel 2: 10.3 meters (33.7 feet) of 16.7 g/T (0.49 oz/t) gold including,
-- 5.5 meters (18.2 feet) of 30.6 g/T (0.89 oz/t) gold, and
-- 3.26 meters (10.7 feet) of 50.2 g/T (1.46 oz/t) gold
Channel 3: 15.8 meters (52.0 feet) of 4.61 g/T (0.13 oz/t) gold including,
-- 9.8 meters (32.1 feet) of 7.43 g/T (0.22 oz/t) gold, and
-- 1.1 meters (3.5 feet) of 40.5 g/T (1.18 oz/t) gold
Channel 4: 23.1 meters (75.8 feet) of 9.78 g/T (0.29 oz/t) gold including,
-- 10.1 meters (33.2 feet) of 22.3 g/T (0.65 oz/t) gold, and
-- 0.58 meters (1.9 feet) of 268.0 g/T (7.82 oz/t) gold
Channel 5: 16.9 meters (55.3 feet) of 1.64 g/T (0.05 oz/t) gold including,
-- 9.3 meters (30.5 feet) of 2.89 g/T (0.08 oz/t) gold
Channel 6: 17.5 meters (57.5 feet) of 4.72 g/T (0.14 oz/t) gold, including,
-- 6.6 meters (21.6 feet) of 12.4 g/T (0.36 oz/t) gold
Channel 8: 11.9 meters (39.0 feet) of 7.04 g/T (0.21 oz/t) gold, including,
-- 4.1 meters (13.5 feet) of 19.6 g/T (0.57 oz/t) gold
In total, 175 channel samples were collected from 18 channels along a large, 125 meter trench with the channel intervals being approximately 6 meters.
The complete assay table for this news release is available at the following link: http://www.barkervillegold.com/s/DrillResults.asp.
The reconnaissance rock channel samples were collected with a geological hammer and put in plastic bags. The plastic sample bags were marked on the outside, using a black felt marker pen, with identifying samples numbers. In addition, the paper end-of-sample tags were placed inside the upper portion of the bags; the tops of the bags were tied closed with ribbons, sometimes the top of the plastic bags were secured with staples. After all the samples are placed in the rice bags at the mine site, they are transported by the Company's personnel to a shipping company in Quesnel, BC for trans-shipment to Eco Tech Lab (ETL) in Kamloops, B.C. Sample preparation and geochemical assaying is done at Eco Tech Lab, following their own internal standards for quality control and verification. The gold assaying method uses a standard fire assay with AA finish. Metallic gold assays were done to confirm the fire assay results considering existence of visible gold in the samples. ETL is certified under the Assayers Certification Program of B.C.
About Barkerville Gold Mines Ltd.
Since the mid 1990s the Company has focused on exploration and development of gold projects in the Cariboo Mining District in central B.C. The Company's mineral tenures now cover over 1,225 square kilometers, encompassing seven past producing hard rock mines and three NI 43-101 gold deposits, including the QR Mine&Mill. The QR Property was acquired in February 2010 and includes a 900 tonne/day gold milling facility and a permitted gold mine located approximately 110 kilometers by highway and all-weather road from the Barkerville Gold Camp. Mining operations commenced at QR in February 2010 and the Company began pouring dore gold in September 2010. In November 2010, the Company acquired a second permitted mill currently on care and maintenance in Revelstoke, B.C. for relocation to the Barkerville Gold Camp near Wells, B.C. and upgrade it to a 2,000-tonne/day facility subject to government approvals. In November 2010 the Company and the Lhtako Dene First Nation also signed a Project Agreement in relation to its Bonanza Ledge and Cariboo Gold Projects. The Company has not hedged any of its future gold production.
The technical information in this News Release has been reviewed and approved by Chief Geologist Jim Yin, PhD, P.Geo, a qualified person as defined in National Instrument 43-101.
On behalf of the Board of Directors,
J. Frank Callaghan, President and CEO
This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events and conditions and therefore involve inherent risks and uncertainties. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. All phases of the Company's operations are subject to environmental regulation and governmental approval and permits and there can be no assurance that the Company will obtain all the requisite permits for future development. Mining is an inherently risky business with large capital expenditures and cyclical metals markets.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
-- 14.1 meters of 12.1 g/T gold between 24.3 and 38.4 meters including,
-- 6.3 meters of 25.4 g/T gold between 29.3 and 35.6 meters, and
-- 0.91 meters of 11.5 g/T gold between 45.5 and 46.4 meters
President and CEO J. Frank Callaghan states, "The discovery of gold mineralization on the hanging wall side of the BC Vein and Bonanza Ledge, furthers the opportunity to expand the gold mineralization across several stratigraphic units and styles of mineralization within the same area. Four styles of gold mineralization have now been identified in the camp all within close proximity of each other. Three styles; Bonanza Ledge style, quartz-pyrite stockworks and BC Vein (a large gold-bearing quartz strike vein) have all been identified within the Bonanza Ledge proposed open pit area."
The new discovery zone is located approximately 93m to the local mine grid northwest of the Bonanza Ledge gold deposit. Please see news releases dated respectively on September 20&29, and October 4 of 2010, and February 14 of 2011, for more detailed information on the new zone.
The new zone is stratigraphically hosted within the same rock units/sub-units as the Company's Cariboo Gold Quartz Deposit approximately 3 km to the northwest. The host rock of the new zone includes the Rainbow 3&4 Sub-units, BC Argillite, and likely the Rainbow 2&1 Sub-units to the mine grid north, with the zone is still open to the mine grid northeast.
The major control of the new discovered zone appears to be a large fault system, which may be a secondary level or a branch of the BC Fault Zone that hosts the large, gold-bearing BC Vein. All of the fine-grained pyrite and quartz-pyrite veins and/or stockworks are controlled by the fault system, which consists of first, secondary, third and even more levels of subsidiary faults as well as quartz-pyrite stockworks.
Drilling continues and additional assay results of the diamond drill holes conducted on the new zone will be released as they are received.
All the samples were analyzed by Eco Tech Lab. in Kamloops, BC. Assays include Au fire assay with AA finish, metallic gold assay, and 28 element ICP.
Drill core processing included descriptive logging and sampling for geochemical analyses. The NQ-size drill core was split in two halves using a splitter at the Company's Lowhee Creek Compound in Wells-Barkerville, central B.C. One-half of the core is put in a sample bag. After all the samples are placed in the rice bags at the mine site, they are transported by BGM's personnel to a shipping company in Quesnel for trans-shipment to Eco Tech Lab in Kamloops, B.C. Sample preparation and geochemical assaying is done at Eco Tech Lab, following their own internal standards for quality control and verification. The gold assaying method uses a standard fire assay with AA finish and/or metallic gold assay. Metallic gold assays are done to confirm the fire assay results considering existence of visible gold in the samples. ETL is certified under the Assayers Certification Program of B.C.
About Barkerville Gold Mines Ltd.
Since the mid 1990s the Company has focused on exploration and development of gold projects in the Cariboo Mining District in central B.C. The Company's mineral tenures now cover over 1,225 square kilometers, encompassing seven past producing hard rock mines and three NI 43-101 gold deposits, including the QR Mine&Mill. The QR Property was acquired in February 2010 and includes a 900 tonne/day gold milling facility and a permitted gold mine located approximately 110 kilometers by highway and all-weather road from the Barkerville Gold Camp. Mining operations commenced at QR in February 2010 and the Company began pouring dore gold in September 2010. In November 2010, the Company acquired a second permitted mill currently on care and maintenance in Revelstoke, B.C. for relocation to the Barkerville Gold Camp near Wells, B.C. and upgrade it to a 2,000-tonne/day facility subject to government approvals. In November 2010 the Company and the Lhtako Dene First Nation also signed a Project Agreement in relation to its Bonanza Ledge and Cariboo Gold Projects. The Company has not hedged any of its future gold production.
The technical information in this News Release has been reviewed and approved by Chief Geologist Jim Yin, PhD, P.Geo, a qualified person as defined in National Instrument 43-101.
On behalf of the Board of Directors,
J. Frank Callaghan, President and CEO
This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events and conditions and therefore involve inherent risks and uncertainties. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. All phases of the Company's operations are subject to environmental regulation and governmental approval and permits and there can be no assurance that the Company will obtain all the requisite permits for future development. Mining is an inherently risky business with large capital expenditures and cyclical metals markets.
Neither the 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.
Contacts:
Barkerville Gold Mines Ltd.
J. Frank Callaghan
President and CEO
(604) 669-6463 or Toll Free: 1-800 663-9688
(604) 669-3041 (FAX)
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 7, 2011) - Barkerville Gold Mines Ltd. (TSX VENTURE:BGM)(FRANKFURT:IWUB) (the "Company") wishes to report a corporate update on the Company's Bonanza Ledge project located near the town of Wells in central British Columbia. The Bonanza Ledge proposed open pit gold mine is a high-grade, disseminated gold deposit currently in the process of a provincial Mines Act Application to commence production. The Application is for a 70,000-tonne/year open pit operation that will augment the current gold production at the Company's QR Mill, a 900 tonne per day facility currently producing and shipping gold dore bars from its underground mining operations at the QR Mine. The Application has passed through the government's 60-day formal review period.
The following has been quoted from a status update letter sent to the Company by the Chief Inspector's office:
"The South Central Mine Development Review Committee (SCMDRC) completed their technical review of the Bonanza Ledge Mines Act permit application between November 29, 2010 and January 28, 2011, within the mandated 60 day time period pursuant to the Health Safety Reclamation Code for Mines in BC. On Feb 2, 2011 the chair of the SCMDRC made recommendations in a report to the Chief Inspector of Mines with respect to the adequacy of the application, the adequacy of BGM's public consultation program and First Nations considerations.
The chairs conclusion was the technical review to date did not identify any significant strategic issues that could not be further satisfactorily addressed either through additional information or through permit conditions in either the Mines Act permit (MNRO), Environmental Management Act Effluent Permit (MOE) or other statutory approval, permit or authorization."
The Company is continuing to work closely with the office of the Chief Inspector who issues the Mines Act permit through the final stages of the permitting process. The Company will issue a news release upon the completion of the permitting process.
Work continues on completing a 4-kilometer haul road from the proposed Bonanza Ledge pit to the provincial Highway 26. The Company received approval for the road permit and commenced building the on-site haul road in January 2011 (see news release January 12, 2011). Logging of the entire stretch of roadway is now done with approximately 1.2 km of road left to be constructed. Once complete, the haul road will then be topped with crushed rock. It is anticipated that the road will be ready by June 2011. At the same time, the Company and its engineering contractors are completing work to ready the QR Mill facility to accept Bonanza Ledge ore.
About Barkerville Gold Mines Ltd.
Since the mid 1990s the Company has focused on exploration and development of gold projects in the Cariboo Mining District in central B.C. The Company's mineral tenures now cover over 1,225 square kilometers, encompassing seven past producing hard rock mines and three NI 43-101 gold deposits, including the QR Mine & Mill. The QR Property was acquired in February 2010 and includes a 900 tonne/day gold milling facility and a permitted gold mine located approximately 110 kilometers by highway and all-weather road from the Barkerville Gold Camp. Mining operations commenced at QR in February 2010 and the Company began pouring dore gold in September 2010. In November 2010, the Company acquired a second permitted mill currently on care and maintenance in Revelstoke, B.C. for relocation to the Barkerville Gold Camp near Wells, B.C. and upgrade it to a 2,000-tonne/day facility subject to government approvals. In November 2010 the Company and the Lhtako Dene First Nation also signed a Project Agreement in relation to its Bonanza Ledge and Cariboo Gold Projects. The Company has not hedged any of its future gold production.
On behalf of the Board of Directors,
J. Frank Callaghan, President and CEO
This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events and conditions and therefore involve inherent risks and uncertainties. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. All phases of the Company's operations are subject to environmental regulation and governmental approval and permits and there can be no assurance that the Company will obtain all the requisite permits for future development. Mining is an inherently risky business with large capital expenditures and cyclical metals markets.
Neither the 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.
http://www.digitaljournal.com/pr/271475
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- 68 Millionen ausstehende Aktien, 87 Mio Aktien voll verwässert
- hat eine 900 T Mühler laufen, die 70,000 Unzen produzieren kann; 2011 sollen 50,000 Unzen hergestelltr werden; weitere Minen kommen 2012/13 dazu; Förderung soll dann auf 150,000 Unzen (2013/14) ausgedehnt werden
- Resourcen werden zur Zeit mit 1350 Bohrlöchern erweitert
Barkerville Gold Mines erhält Landesregierung Zulassung für die Bonanza Ledge Gold Mine
Vancouver, BC - Barkerville Gold Mines Ltd (TSX-V: BGM) (das "Unternehmen") freut sich zu berichten es die Genehmigung des Mines Act Permit erhielt M-238 zu einer offenen Grube Goldmine in ihrer Bonanza Ledge, nahe Wells zu entwickeln, British Columbia.
Source: Brian Sylvester of The Gold Report (6/22/12)
http://www.theaureport.com/pub/na/13699
25.06.2012 | 08:51
http://www.finanznachrichten.de/...-und-das-bonanza-ledge-erz-016.htm
vorerst zumindest. Wobei bei den Aussichten ich die mal auf die Watchlist nehme!
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