BRITISH COLUMBIA – Barkerville Gold Mines
of Toronto has received the required permits to begin the development and mining of the Bonanza Ledge deposit on Barkerville Mountain near Wells. Development will begin immediately, and the company expects to begin processing the ore about three months from now.
The ore will be processed at the QR mill, located 10 km from Bonanza Ledge by road. Both the mill and tailings management area are permitted and operational. Up to 150,000 tonnes will be processed annually.
Barkerville has big plans as president and CEO Chris Lodder explained, "This initial production is important to our growth plan in the Cariboo gold project. In addition to generating positive cash flow, this underground operation allows BGM to train a local workforce and gain expertise in mining and processing in the district. This experience will assist in the development of other deposits in the camp and the eventual construction of a new centrally located processing facility. In conjunction with this production, BGM's aggressive exploration program continues and will eventually lead to a property-scale mineral resource estimate."
To learn more about Barkerville Gold mines, visit www.BarkervilleGold.com.