BRITISH COLUMBIA – Barkerville Gold Mines of Vancouver and the Lhtako Dene Nation (Red Bluff Indian Band) of Quesnel, BC. Have signed a project agreement covering Barkerville’s Bonanza Ledge gold property in the Cariboo Mining District.
This is a multi-year arrangement providing for preferential contracting, employment and training provisions, academic incentives, environmental review participation, and other economic benefits from the project, subject to permitting approvals and the company’s decision to commence production at the Bonanza Ledge property.
In 2000 Barkerville announced the discovery of a new style mineralization at Bonanza Ledge. It occurs in a different stratigraphic setting from the material previously mined. The original intercepts included 7.5 metres grading 9.26 g/t Au, 8.5 metres grading 10.28 g/t and 5.7 metres grading 14.40 g/t. Measured and indicated resources are 415,000 tonnes containing an estimated 102,000 oz of gold. The September 2009 pre-feasibility study was positive.
The company restarted the QR gold mine and mill in earlier this year. Visit the website at www.BarkervilleGold.com.