Barkerville Gold Mns Ltd BGMZF

Metals & Mining Industrial Metals & Minerals

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.

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Barkerville Gold Mns Ltd

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Comment by hammer161on Jan 07, 2015 11:33am

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Post# 23294097

RE:RE:Re: BGM Producing again

Mikey - I thought you would have known that the depth of reported resources are due to the type of mining and the factors applied, in the case of CM, to a resource reporting pit. It has been talked about here several times before. These are usually very liberal and allow for "the potential for economic extraction". Obviously the width and grade of CM mineralization will only allow a pit to go to the 1000 foot depth before the potential economics are in the red. If BGM wants to apply underground mining and milling costs to higher grade areas below the pit they could do so. If you think the economics don't enter into the resource estimation procedures then you are more naive than I thought.

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