Barkerville Gold Mines (TSXV:BGM) (Frankfurt:1WUB) Summarizes 2011 Activities at its Cariboo Gold Project in British Columbia - Video Summary Posted on www.InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, March 1, 2012 - Barkerville Gold Mines (TSXV:BGM)
(Frankfurt:1WUB) has issued an update to shareholders. The report summarizes the
2011 activities on its Cariboo Gold Project near Wells in central British
Columbia, where the company has been active since the mid 1990s.
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
"Barkerville1217" in the search box. Please refer to the full news release for
more information.
During the period 1935 to 2011, a total of 7,183 drill holes, measuring 347,000
metres have been drilled on the Cariboo Gold Project.
The company will be accumulating all this data in preparation of an updated NI
43-101 resource estimation the company has commissioned for the Gold Quartz
proposed open pit mine on Cow Mountain and to begin preparations for mining
operations at its Bonanza Ledge open pit mine on the southwest flank of
Barkerville Mountain.
During 2011, the company completed 238 diamond drill holes totalling
approximately 58,000 metres, on both Barkerville and Cow Mountains, with assays
still pending on 33 drill holes. 167 of these holes, totalling 43,000 metres
were conducted on Cow Mountain to explore for gold in and around the proposed
open pit. This resulted in the discovery of 3 new gold vein zones.
Another 29 drill holes, totalling 9,000 metres targeted the BC Vein on
Barkerville Mountain. Most of these drill holes returned promising intercepts of
pyrite and quartz veins. In addition, 16 holes totalling 1,900 metres followed
up a new zone on Barkerville Mountain discovered by trenching. The remaining 26
holes on both Barkerville and Cow Mountains will be used to monitor water before
and during mining.
Other highlights of the year include the acquisition of several properties
within its 65 kilometre long gold belt, the acquisition of the remaining 50% of
the Mosquito agreement and the purchase of the 3% net smelter return. An
approximately 3 kilometre long exploration road was built in the Grouse Creek
area and two drill pads were completed along the road. Construction of the haul
road connecting the Bonanza Ledge gold mine and Barkerville Highway 26 was also
completed.
The company's mineral tenures now cover more than 117,000 hectares, encompassing
7 past producing hard rock mines and 3 NI 43-101 gold deposits, including the QR
Mine and Mill.
The company began pouring doré gold in September 2010, becoming Canada's newest
gold producer, and continued until December 2011.
Barkerville is currently trading at $0.80 and with 107 million shares
outstanding, is capitalized at approximately $86 million.
For a more information, 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#1590697]
Unternehmensinformation / Kurzprofil:
Datum: 01.03.2012 - 17:43 Uhr
Sprache: Deutsch
News-ID 120835
Anzahl Zeichen: 4221
contact information:
Kategorie:
Business News
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