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Barkerville Gold Mns Ltd BGMZF

Barkerville Gold Mines Ltd is a Canada based company operates in the business of Gold. It is engaged in the production and sale of gold, and the exploration, development, and acquisition of mineral properties in British Columbia. The mineral tenures cover approximately 2,000 square kilometres. The company primarily holds interests in Cariboo Gold Belt District, Island Mountain, Cow Mountain and Barkerville Mountain.


OTCQX:BGMZF - Post by User

Bullboard Posts
Comment by bigbabon Aug 18, 2014 11:54am
128 Views
Post# 22851983

RE:RE:RE:Fast Forward to Novermber (3 months)

RE:RE:RE:Fast Forward to Novermber (3 months) [[major catalysts on the short horizon )


1) Sprott installment paid back , continuous mining of BL = cash flow
2) New CEO in office
3) Drilling results
4) Island mountain 43-101  (not sure about this one)
5) Long awaited 43-101 by Snowden likely in the 6-8M ounces range moving the old ounces from inferred to indicated


The resource estimate update and ensuing Technical Report is expected to enable the Company to progress this project through to a preliminary economic assessment (“PEA”) status. During 2013 and 2014 to date, the Company has accepted and followed the recommendations of the Technical Report and instituted a substantial assay program to incorporate previously un-assayed core and reject samples from drill holes completed in 2007, 2008, 2009, 2010 and 2011.
Additional data that will be utilized in the Technical Report are results from the 2014 drill program on Cow Mountain including 10 proposed deep drill holes that target potential mineralization at both the Rainbow/Baker contact (eight drill holes) and Lowhee Unit hosting Bonanza Ledge style gold mineralization (two drill holes). The ten drill holes will target a drill gap area on Cow Mountain. Thus far, five drill holes at the Rainbow/Baker contact have been finished with several high grade pyrite intercepts cut. Logging and sampling of these drill holes is in progress. Pending assay results will be published as soon they become available.
The Company has been advised by Snowden that the incorporation of the data and updating the 43-101 technical report will take approximately 120 days.[/quote]

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