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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

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Comment by Vestedintereston Jul 19, 2012 3:23pm
197 Views
Post# 20132319

RE: RE: Are there any other Barkerville-type mines

RE: RE: Are there any other Barkerville-type mines

"BGM doen't have a mine"???

Can Homer say 'Doh'?

https://www.youtube.com/watch?v=khSIYmTzt6U

FULLY PERMITTED BARKERVILLE GOLD ANNOUNCES ITS QR MINE TO PROCESS ORE FROM BONANZA LEDGE OPEN PIT

Barkerville Gold Mines Ltd. received an amendment on Friday, July 13, to its Mines Act permit for the mill at QR mine to process ore from its newly permitted Bonanza open pit mine.

The QR mill facility is located southeast of Quesnel, B.C. It is anticipated that the mill will provide 40 jobs over at least four years and will directly support mining jobs at the new Bonanza Ledge gold mine. Ore will be processed at the mill once the facility is up and running, and various site improvements have been completed.

Bonanza Ledge received its Mines Act permit on Dec. 5, 2011, and currently has a mine life of four years. The mine design is the culmination of geological exploration, engineering and environmental studies undertaken by the company in the Barkerville camp since the deposit was discovered in 2000. Bonanza Ledge mine start-up is expected to commence during the third quarter, 2012.

The Quesnel region has been hard hit by losses in forestry due to the mountain pine beetle epidemic and will benefit by the QR mill continuing its operations. Mineral exploration and mining are important economic drivers for British Columbia. The production value of B.C.'s mining industry was approximately $8.6-billion in 2011.

Rich Coleman, Minister of Energy and Mines, said: "The QR mill will provide another 40 jobs for the Bonanza Ledge mining project in Barkerville and will carry on the gold mining legacy in the Cariboo region. Mining across B.C. supports job creation, provides opportunities for business growth, and helps improve the capacity of health, education and other public services through government revenues."

Frank Callaghan, president and chief executive officer, Barkerville Gold Mines, said: "Bringing a mining property to production from its original discovery through to a permitted operation is an achievement that involves a partnership with government, first nations, local stakeholders and the investment community. Next month marks the 150-year anniversary of Billy Barker's original gold strike, and we are proud to be able to sustain that legacy going forward while positively supporting the local economy."

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