The Conversation (0)
Barkerville Gold Mines (TSXV:BGM) has provided investors with a corporate update pertaining to its Cease Trade Order (CTO), as well as progress being made at the Gold Quartz project at Cow Mountain.
Barkerville Gold Mines (TSXV:BGM) has provided investors with a corporate update pertaining to its Cease Trade Order (CTO), as well as progress being made at the Gold Quartz project at Cow Mountain.
As per the company’s press release:
Work continues on the Company’s National Instrument 43-101 (“NI 43-101″) technical report (the “Report”) for Cow Mountain which is to address the technical and disclosure concerns of the British Columbia Securities Commission (“BCSC”) which brought upon the CTO. Part of this process was to engage Snowden Mining Industry Consultants Pty (“Snowden”) to assist in satisfying certain conditions of the BCSC underlying the CTO.
During their review of the Report we are informed that Snowden reviewed historic samples that had not been included in the Company’s original resource estimate. Snowden has recommended to the Company that, upon data validation, these samples should be included in the current resource estimate for Cow Mountain. The original resource estimation was based on a database containing 619 drill holes. In total about 2,142 drill holes have been drilled on the property from which more than 1,464 have been verified to date. The process of verifying the drillhole database is currently ongoing.
Click here to view the full press release.
