Barkerville Gold Mns Ltd BGMZF

RE:RE:RE:OK - BGM SHAREHLDERS - THIS COULD BE IMPORTANT ....

[hammer161]

Halcro I don't think we have seen the really high strip ratios yet. Look at the size of the bottom of the pit one of four planned seasons. I think that there amended mine plan, the details of which were not released, were to head for a smaller high grading operation in order to try and repay Sportt. Was it successful? Who knows - but we will know by the end of the month. The problem is to go much deeper and for the rest of the mineralization they will have to do significant pit wall pushbacks - which will all be in waste. High grading is the best way to alienate any material that may have been profitable in the original mine plan. quite a possibility now that it will stay there.

halcro wrote:

hammer161 wrote:
This Too bad that it takes money to drill - something that I think we will find out shortly (end of month MD&A) that BGM is in short supply of.

On the plus side (har de har har), what BGM's BL operation seems to have no shortage of is overburden and waste.

I believe that the BC government mining permit allows about 370,000 tonnes of overburden/waste/dross at the BL mine. According to the August 31, 2014, MD & A, the company had already mined 344,677 metric tonnes of waste.

Loook at the pics on the BGM website and the footprint of that hole has really deepened since August 31, 2014. If the hole has deepened, then the amount of waste generated must have increased exponentially, as ALL rock in the hole is being blasted and trucked out.