Barkerville Gold Hires Snowden to Update NI 43-101 Technical Report

Barkerville Gold Mines Ltd. (TSXV:BGM) announced that it has commissioned Snowden Mining Industry Consultants to update its previously issued NI 43-101 technical report. It was published June 18, 2013.

The report is expected to take 120 days to complete.

As quoted in the press release:

The resource estimate update and ensuing Technical Report is expected to enable the Company to progress this project through to a preliminary economic assessment (‘PEA’) status. During 2013 and 2014 to date, the Company has accepted and followed the recommendations of the Technical Report and instituted a substantial assay program to incorporate previously un-assayed core and reject samples from drill holes completed in 2007, 2008, 2009, 2010 and 2011.

Additional data that will be utilized in the Technical Report are results from the 2014 drill program on Cow Mountain including 10 proposed deep drill holes that target potential mineralization at both the Rainbow/Baker contact (eight drill holes) and Lowhee Unit hosting Bonanza Ledge style gold mineralization (two drill holes). The ten drill holes will target a drill gap area on Cow Mountain. Thus far, five drill holes at the Rainbow/Baker contact have been finished with several high grade pyrite intercepts cut. Logging and sampling of these drill holes is in progress. Pending assay results will be published as soon they become available.

Click here to read the full Barkerville Gold Mines Ltd. (TSXV:BGM) press release.