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 pigbruinmcveidon Nov 03, 2015 2:14pm

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Post# 24254502

RE:BEST ADVISE EVER ! RUN FOR THE HILLS ! SAVE UR MONEY .

FC,
Rubicon got a lesson in hazards of mining narrow veined nuggety deposits. After years of development work towards commerical production, they have halted all underground development as they plan out a new mining plan.

The trial slope bulk mining came in at 4 g/t or something like that... 5 g/t is often the accepted underground cut off and should probably be higher given falling gold prices.

Ugly ugly ugly. And I expect narrow veined mining at BL or Cow will hit many of the same challenges. Rubicon poached Red Lake vetrains and still managed to mess up big time. Imagine what a crew new to Barkerville will do... nuggety deposits are very challenging to mine.

I wonder if Uncle E listened to the Rubicon conference call this AM... might be a pretty good predictor on his future if he trys move BGM into commerical production...

JMHO...