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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

Bullboard Posts
Comment by ovison Nov 22, 2012 3:01am
308 Views
Post# 20630287

RE: RE: legals

RE: RE: legals

Riddick, you say, >>I can only guess like all of you & my gut-feeling says 3 MilOZ-tops is hard-pressed to NR-compliant right now. Therefor all the futile extra drilling and other delays. With the complexity of the ore body (model), the resource may be much larger, but only proven compliant after mined.<<

 

I totally agree that a few 1000 extra meters of drill core won't budge the needle up any but if the drill results confirm geo continuity those drill results may prevent the needle from falling radically. Hammer161 explained this very nicely in about 2 lines earlier this week.

 

If you use Rubicon's F2 as a model your estimate of 3M tops is very good. Rubicon drilled about the same number of meters, in a narrow vein, complex, nuggety deposit and got roughly 3M ounces.  In the case of Rubicon, with Cambell/Red Lake 10km away, it is easy to image that F2 holds much more than 3M ounces but that won't be proved up any time soon. I expect the next Rubicon resource estimate could add 25% to the indicated/inferred categories. Probably less. It is just too expense to prove up ounces with drilling in a narrow vein deposit.

 

Now where are those assay results from the twinned holes. Must be going on 3 to 4 weeks since drilling was announced. Surely BGM isn't sitting on a material result until the time is more convenient to release the results? No, I'd expect prompt sharing with you investors, just like BGM couldn't wait to share the draft  report numbers on June 28th. Oh, the report wasn't even finished and they shared the results on June 28th. But that logic, i'd expect sharing of drill core assay results estimated on the way into the labs :)

 

Show us the drill core results and show us the Snowden numbers. Now, please :) Put this discussion to rest already!!!!

Bullboard Posts