Barkerville Gold Mns Ltd BGMZF

RE:no current Mineral Reserves at Bonanza Ledge

[halcro]

do-de-dumb-de-de-dumb-de-de-dumb-dumb-dumb

de-de-dumb-de-de-dumb-de-de-dumb-dumb-dumb

de-dumb-de-dumb-de-dumb-dumb-dumb-DE-DE-DUUUUMB-DE-DE-DUMB-DUMB-DUMB!

It’s Bonanza! The theme tune. From the well loved television series. Bonanza

Of course, at almost 25 years, the Barkerville show has run for far longer than Bonanza (1959 to 1973).

halcro wrote: From latest NI 43-101:

.4.2 Development and operations – Bonanza Ledge

As of the effective date of this Report the Company has completed test mining operations under the Small Mines Permit for Bonanza Ledge deposit on Barkerville Mountain. A Preliminary Feasibility Study was completed in 2009 (Fier et al. 2009) and recommended the development of an estimated 200 tonne per day open pit mine (220 tons per day or 73,200 tons per year). The mine plan called for ore to be mined at an average grade of 0.26 oz/t (9 ppm/tonne) and hauled to the crushing and carbon-in-pulp (“CIP”) processing circuit located at the QR Mill about 110 km or 68 miles away. Initial analysis of the results from the test mining indicates further study is required before economic extraction can be demonstrated for the Bonanza Ledge deposit.

1.6 Interpretation and conclusions

1.6.1 Bonanza Ledge

The conceptual mine plan operations, haulage and milling operations as described in the Pre-Feasibility Study (Fier et al. 2009) are no longer considered valid. Sections of the Pre-Feasibility Study prepared by EBA Consultants (Fier et al, 2009) are considered to be out-dated

Consequently, Snowden completed a review to the economic analysis for Bonanza Ledge in order to assess the relevance of the Mineral Reserve under the revised modifying factors. Based on that analysis Snowden concludes there are no current Mineral Reserves at Bonanza Ledge.