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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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Post by uwatcheron Jan 31, 2015 5:27pm
176 Views
Post# 23385413

WangNut CANNOT RESPOND TO THIS

WangNut CANNOT RESPOND TO THISCome on WangoTango76. Respond to Czechlate's post (see below... AGAINNNN)

$4.4 mil was due Dec 30th BGM "Renogotiating" LMAO !!! . 8. RECLAMATION DEPOSITS The Company is required to make reclamation deposits in respect of its expected site reclamation and closure obligations. The reclamation deposits represent collateral for possible reclamation activities necessary on mineral properties in connection with the permits required for exploration activities by the Company. In December 2011, the Company received a M-238 Permit from the British Columbia Provincial Government to develop an open pit gold mine at the Bonanza Ledge section of the Cariboo Gold Project. As at November 30, 2014, the Company had total deposits of $1,000,000 (February 2014: $335,000) for this property. Under the original terms of the permit the Company is further required to deposit additional reclamation bonds of $11,465,000 to total $11,800,000 to the government as follows: (i) Deposit $665,000 within 30 days of start of construction –paid April 9, 2014; (ii) Deposit $4,400,000 on or before December 30, 2014 (currently being renegotiated); (iii) Deposit $1,500,000 on or before September 30, 2015 (currently being renegotiated); (iv) Deposit $1,500,000 on or before September 30, 2016 (currently being renegotiated); (v) Deposit $1,400,000 on or before September 30, 2017(currently being renegotiated);


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