Barkerville Gold Mns Ltd BGMZF

RE:RE:RE:BGM 43-101 hogwash !! Is there any gold there??

[halcro]

ROTFL...

Will consultant and director Ian Gordon be next? I seeing Ian Gordon's Long Wave articles also denigrating the BCSC and repeating the now-rubbished and -retracted Peter Gordon flight of fancy.

BCSC reaches deal with Callaghan

2015-10-27 16:14 ET - Street Wire

See Street Wire (C-*BCSC) BC Securities Commission

by Mike Caswell

The BCSC revoked the cease trade on July 15, 2013, but according to Tuesday's settlement agreement, that was far from the end of the matter. The BCSC says that Mr. Callaghan continued repeating the initial estimates and attempting to justify them. Just 2-1/2 months after Barkerville issued the retraction, an on-line article quoted Mr. Callaghan disclosing those initial figures.

He also repeated the initial figures during an investor conference in Switzerland on Nov. 5, 2013, the settlement agreement states. During that conference, he said: "We've just gone through a bit of a learning curve with the B.C. Securities Commission. Just to bring some of those of you that do not know what's going on, we've been through a trading hiatus for 14 months. The initial estimate that was initially published suggested that we had an indicated resource of some 10.6 million ounces ... with a potential on, within an eight-kilometre-long range of somewhere between 65 and 90 million ounces."

He explained that to address the BCSC's concerns Barkerville had brought in a new consultant. The new consultant felt that the original numbers that referred to the potential of the company's targets were "fine." Barkerville only had to reduce those figures to satisfy the BCSC, he told the conference.

Mr. Callaghan's statements were a clear violation of NI 43-101, according to the settlement agreement. Aggravating the violation was the fact that the BCSC had previously cautioned Mr. Callaghan that any attempt to justify or validate the initial estimate would likely be against the rules. It also contradicted Barkerville's previous disclosure, in which it said the prior estimate was unreliable.

The BCSC never held a hearing for Mr. Callaghan. In fact, it never disclosed that there was a case against him at all. The entire matter is contained within the settlement agreement released Tuesday./ Barkerville closed at 24 cents Tuesday, down 1.5 cents.

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