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Last C$0.23 CAD
Change Today 0.00 / 0.00%
Volume 10.5K
BGM On Other Exchanges
As of 10:31 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

barkerville gold mines ltd (BGM) Snapshot

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barkerville gold mines ltd (BGM) Details

Barkerville Gold Mines Ltd. engages in the acquisition, exploration, and development of mineral properties in British Columbia, Canada. It produces and sells gold. The company controls 117,442 hectares of mineral tenure, including three contiguous crown-granted mineral claims, namely the Cariboo Group, Island Mountain Group, and Mosquito Creek Group, as well as a block of contiguous mineral tenures centered around the Town of Wells, which is located to the east of Quesnel, British Columbia. The company was formerly known as International Wayside Gold Mines Ltd. and changed its name to Barkerville Gold Mines Ltd. in January 2010. Barkerville Gold Mines Ltd. was incorporated in 1970 and is headquartered in Vancouver, Canada.

Founded in 1970

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barkerville gold mines ltd (BGM) Key Developments

Barkerville Gold Mines Ltd. Announces Results from the Ongoing Phase I Drilling Program on Barkerville Mountain at the Cariboo Gold Project

Barkerville Gold Mines Ltd. announced results from the ongoing Phase I drilling program on Barkerville Mountain at the company's Cariboo Gold Project that identified a new exploration target and significantly improved the Company's understanding of the BC Vein and the TC Area mineralization. Holes BGM-15-005 through BGM-15-007 were designed to explore the footwall rocks below the BC Vein, an area which had its geometry and gold grades validated during the Company's first drill results for the presence of Bonanza Ledge style replacement mineralization. Holes BGM-15-008 through BGM-15-013 tested a mineralized occurrence (TC Area) located approximately 100 metres north of the Bonanza Ledge open pit. Drillholes BGM-15-005 through BGM-15-007 tested the BLHorizon 300 metres northwest of the BL open pit. Although no significant mineralization was intersected in this select area of the horizon, a near surface, previously undrilled hangingwall vein (HWV) set was encountered at the top of these holes and represents a new exploration target. Cross Section - 300M Northwest of Bonanza Ledge Open Pit: The TC Area was targeted by BGM-15-008 through BGM-15-013 and is located 100 metres north of the BL open pit. The TC mineralization had very limited drilling performed in 2011 by previous operators, and is now defined by 2015 Phase I drilling as a series of sulphide bearing quartz veins striking at an oblique angle to the BCV. Further drilling for both of these areas is being planned to determine the extents of the mineralization. Additional Diamond Drill Rigs Ordered: Two additional drill rigs have been ordered from Geotech Drilling Services Limited and are expected to arrive on the project site by the end of August 2015. These drill rigs will be employed on Barkerville Mountain with the ultimate goal of drill defining the BCV to a vertical depth of -400 metres as well as testing previously undrilled targets. New Drilling Practices and Core Recovery: During the preliminary stages of the 2015 Phase I drilling campaign, it was observed that portions of the mineralized zones were not recovered by the drilling process. These intervals of lost core have been assigned zero gold grade. It has been ascertained that the high sulphide intervals were essentially "washed away" by the drilling process and hence not recovered in their entirety. In consultation with Geotech Drilling Services Limited, an industry standard, environmentally safe drilling additive is now being utilized in all holes and core recoveries have increased to greater than 95% through the mineralized sulphide zones.

Barkerville Gold Mines Ltd. Appoints Chris Lodder and Allan J. Folk to the Board of Directors

Barkerville Gold Mines Ltd. announced the appointments of Mr. Chris Lodder and Mr. Allan J. Folk to the board of directors. Mr. Lodder is the president of Talisker Exploration Services Inc. Mr. Folk is currently the Vice President of Brant Securities and serves as Vice President of Institutional Equity Sales at Forte House Inc.

Barkerville Gold Mines Ltd. Announces First Drilling Results from Phase I Program on BC Vein Located on Barkerville Mountain

On July 28, 2015, ­Barkerville Gold Mines Ltd. announced the first of its Phase I drilling results on the BC Vein located on Barkerville Mountain at the company's Cariboo Gold Project (CGP). As part of due diligence, drillholes BGM-15-001 through BGM-15-004 were designed to validate the historical drillhole database by confirming the gold grades and geometry of the BC Vein. Designed as validation drillholes to confirm both historical gold grades and the BC Vein geometry, drillholes BGM-15-001 through BGM-15-004 were successful in positively correlating previous operators drilling programs and hence confirming the existing drillhole database. In addition to successfully validating the BC Vein, gold bearing hangingwall veins (HWV), were also intersected by holes BGM-15- 002 and BGM-15-003. With due diligence now complete, drilling will be focused on targets northeast of the Bonanza Ledge open pit, the BC Vein as well as previously untested soil and bedrock gold anomalies on Barkerville Mountain with the ultimate goal of drill defining mineable gold resources.


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