Barkerville Gold Mines Ltd. Updates Status of CTO

Barkerville Gold Mines Ltd. (TSXV:BGM) announced  to its shareholders the status of the cease trade order issued by the British Columbia Securities Commission  in August 2012.  As part of satisfying the concerns raised by the BCSC,  they have engaged Snowden Mining Industry Consultants Pty.

As quoted in the press release:

As part of the technical review requested by Snowden, the Company advises that it has completed 14 surface diamond drill holes of which 9 were completed twin holes totaling 2,759.4 meters (9,053.1 feet) on Cow Mountain at the Cariboo Gold Project near Wells, central BC between September 22 and October 14, 2012. The total footage includes 5 drill holes abandoned due to hitting shafts and/or underground workings before target. The drilling was done respectively by four drill rigs of three drill contractors; namely, Standard Drilling & Engineering Ltd. of Vancouver, B.C. (two drill rigs); Armstrong Drilling Ltd. of Armstrong, B.C. (one drill rig); and Lone Peak Drilling of Kimberley, B.C. (one drill rig). All the drill holes are being logged, sampled including measuring bulk density of the drill core. Assay results of these drill holes will be released when available.

To view the whole press release, click here.

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