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Bullboard - Stock Discussion Forum 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... see more

OTCQX:BGMZF - Post Discussion

Barkerville Gold Mns Ltd > Interesting....
View:
Post by hammer161 on Jun 10, 2016 10:49am

Interesting....

.... that there has not been more movement on this news - but there are some possible reasons. Out of 93 holes reported only 10 were hightlight holes. Lots of other good values but over 1.0 metres or less. Also quite a few NSV holes. Take a look at the the first section - it has the top two highlight holes, 165 and 166, which both have ~15 grams over 5 metres intervals. They sare ONLY 5 METRES APART. I have my typical beef about the graphics - you can't read them and they do not show where the two sections are.
Comment by Cognition777 on Jun 10, 2016 11:50am
Yes, the nuggety effect is the story of BGM's deposits. The huge advantage of the BC Vein of course is the narrowness and length of the deposit... perfect for underground.
Comment by hammer161 on Jun 10, 2016 12:07pm
Actually the narrowness as you call it is a big problem - by the time you dilute to mining width the grade takes a huge hit.
Comment by coalnow2 on Jun 10, 2016 12:25pm
actually -- its called narrow vein mining -- which is big $$$$$$ versus bulk mining.  Add in open pit you have a cash cow.
Comment by Cognition777 on Jun 10, 2016 12:41pm
If by "huge hit" you mean 4-5 g/t as a final result, I'll take that. My point was merely that the nuggety effect of the deposit is at least constrained to a very defineable and mineable path, unlike the Cow Mountain deposit which - becasue of the nuggety effect - makes the decision to target the ore at 11 g/t not an easy decision... an open pit will dilute the grade to 2.3 g/t ...more  
Comment by hammer161 on Jun 11, 2016 3:29pm
Wonder where the PR went? They appear to have removed it from the website. It was there before.
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