Barkerville Gold Mines (TSXV:BGM) Reports Intercepts as High as 27.4 Metres of 7.09 Grams per Tonne Gold from Cow Mountain, BC - Video Summary Posted on www.InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, February 16, 2012 - Barkerville Gold Mines
(TSXV:BGM) (Frankfurt:1WUB) has released more excellent results from the
company's large gold project in British Columbia.
InvestmentPitch.com has produced a "video news alert" based on this information.
If this link is not enabled, please visit www.InvestmentPitch.com and enter
"Barkerville" in the search box.
The following highlights are the gold intercepts from drilling on the Cow
Mountain property.
* Hole CM11-074 reported 27.4 metres of 7.09 grams per tonne starting at the
215 metre level
* Hole CM11-109 reported 4.7 metres of 11.313 grams per tonne starting at the
214 metre level
* Hole CM11-125 reported 4.1 metres of 22.328 grams per tonne starting at the
144 metre level, and
* Hole CM11-140 reported 11.1 metres of 12.75 grams per tonne starting at the
21 metre level.
There were too many great intercepts to list here, but the full results are
available on Barkerville's website www.barkervilllegold.com.
A total of 235 drill holes, including those that got stuck and abandoned, were
completed on both Cow and Barkerville Mountains during the 2011 drill program,
that was wrapped up in December, just days before Christmas.
These drill holes include 167 exploration holes on Cow Mountain, 41 exploration
and 5 environmental holes on Barkerville Mountain, and 22 monitoring water holes
on both Cow and Barkerville Mountains.Pending assay results of the remaining
drill holes will be released as soon as they are available.
Barkerville has spent more than 15 years putting this project together and now
has mineral tenures covering more than 1,147 square kilometres, encompassing 7
past producing hard rock mines and 3 NI 43-101 gold deposits. In February 2010
the company completed the acquisition of the QR Mine and Mill, and in September
2010, the company became Canada's newest gold producer when it poured its first
gold dore at the site. In December, the company received a permit under the
Mines Act of British Columbia to develop the Province's newest open pit gold
mine at its Bonanza Ledge property near Wells.
Barkerville expects to complete an updated resource estimate by the end of the
first quarter of 2012, and anticipates completing a feasibility study on Cow
Mountain during the 3rd quarter of 2012.
Barkerville is currently trading at $0.87 and with 136 million shares
outstanding, is capitalized at approximately $118 million.
For a more information, and to view the complete drill results, please visit
Barkerville's website at www.barkervillegold.com, phone 604-669-6463 or email
info(at)barkervillegold.com.
InvestmentPitch.com is a multimedia company that provides a combined solution
for creating, hosting, and distributing financial video content across multiple
platforms to investors and financial professionals. InvestmentPitch.com
specializes in producing three minute videos based on news releases and research
reports.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan(at)investmentpitch.com
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originality of the information contained therein.
Source: InvestmentPitch via Thomson Reuters ONE
[HUG#1586812]
Unternehmensinformation / Kurzprofil:
Datum: 16.02.2012 - 17:43 Uhr
Sprache: Deutsch
News-ID 115751
Anzahl Zeichen: 4003
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Kategorie:
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