Barkerville Gold Mns Ltd BGMZF

RE:RE:RE:RE:Is this a good 43-101

[Bever73]

Yeah very interesting ; i thought for underground you need a very healthy g/t to ensure profits. I suppose this confirms the age old quandry about bgm....nuggety veins but requires a high gold price for safety. I will be interested to see the market reaction tomorrow... Your right rrsource will increase ; but is it economical ?? quote=Geologist12345]Weak? The Shaft Zone is at 835k ounces indicated, with 1.2 million inferred. We know these systems are continous along strike and at depth. The infered category with will be brought up significantly with more drill (underground) and I suspect the Shaft Zone will sit around 1.5-2 million ounces indicated by the time underground mining begins. 

On the note of Cow Mountain... Read the press release. A majority of the drilling at Cow Mountain was shallow and with the new geological model at Island Mountain and the definition of vertical continuity, Cow Mountain resource can easily be doubled with deeper holes (which it says they are planning on doing). 

I would suspect that with good exploration and the new team in place (which discovered and defined the Shaft Zone and a new Geological Model), The global resource in the 6 kilometer strike length containing Island Mountain, Cow Mountain and Barkerville Mountain will contain 4 million plus ounces indicated by 2020. 

It is clear that the Cariboo district is extremely endowed with gold and the future looks extremly bright for Barkerville Gold Mines [/quote]