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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 ovison Sep 09, 2012 6:37pm
259 Views
Post# 20340574

RE: Quartz-Carbonate Vein Gold Deposits...

RE: Quartz-Carbonate Vein Gold Deposits...

>>I'm not sure if the example you gave is all that good. You're talking about 100 ft interval of 0.01 oz/ton? I believe that translates to 30 metres of 0.28 g/ton, which isn't all that great compared to the intercepts BGM got, IMO<<

In a Carlin deposit you consistently hit large widths with low grade stuff. Seeing small sections with much high grades in a Carlin deposit would be relatively rare -- the stats on Round Mountain suggest that only 3% of the gold came from high grade zones.

I agree that Cow Mountain sounds similar to Red Lake.

I am not a geologist so am definitely not an expert. But I do read many technical reports and I can't remember any that ever described an Ontario deposit as Carlin like. ATAC's deposit in the Yukon has been described as Carlin like. Here is what ATAC has to say on the topic....

ATAC Resources Ltd. (ATC:TSX-V) is a well-funded, Yukon-based exploration company focused on developing Canada's only Carlin-type gold discoveries at its 100% owned Rackla Gold Project. https://www.atacresources.com/s/home.asp

I rest my case. I doubt any professional is going to classify Cow Mountain as Carlin like. Why? Because making a false classification has consequences as Mr. Jardine will atest (quotes from a BCSC decision document)...

Misrepresentations
7. The Newsletter contained highly promotional statements about Aberdene’s Tuscarora gold property. The Newsletter stated that:
(a) The property was in the Carlin Trend and the U.S. Geological Survey believed there was another 200 million ounces of gold waiting to be found.

(b) “A new gold field has been discovered in northern Nevada – one of the world’s most spectacular finds of the past decade. Two mining giants have moved in, but ONE SMALL COMPANY is right in the middle.”

(c) The Carlin Trend potentially had “rivers of molten gold, and geological data indicated the current reserves were the “tip of the iceberg.”

(d) “The consensus amongst geologists is that this Tuscarora property is one of the finest exploration targets in all of Nevada – which, because we’re talking of gold, means the WORLD.”

8. These statements were misleading because:
(a) the property was not in the Carlin Trend and Aberdene had no support for the statement attributed to the U.S. Geological Survey,

....

https://www.bcsc.bc.ca/comdoc.nsf/AllByUNID/071ADE45809521728825736F005B0FBE?opendocument

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