Barkerville Gold Mines Updates Status of CTO

Barkerville Gold Mines Ltd. (TSXV:BGM) provided an update regarding the status of the cease trade order issued by the British Columbia Securities Commission.

As quoted in the press release:

The Company reminds shareholders that the CTO will remain in place until the Company files a National Instrument 43-101 technical report (the Report or NI 43-101 Report) acceptable to the BCSC and addresses all technical disclosure concerns. The Company’s directors and management, geological and engineering consultants, contractors, labs and staff have been working diligently to prepare a comprehensive report and it’s nearing completion.

Barkerville Mine Manager, Kevin McMurren, said:

Repairs were completed on the crushing circuit and surface ore was milled in December. Weather and maintenance issues resulted in a reduced throughput, but produced encouraging gold recoveries. A new conveyor “Number #4″ was installed. Milling and gold production has resumed. Underground mining is scheduled to commence this month to provide additional mill feed. A new mine site access road has been completed for haul trucks coming from Bonanza Ledge. This provides a wider road with increased line of sight and improved grade for safety.

To view the whole press release, click here.