Barkerville Gold Updates on Activity at Bonanza Ledge Open Pit

- March 17th, 2015

Barkerville Gold Mines Ltd. (TSXV:BGM) announced a corporate and operational update, commenting on test mining at the Bonanza Ledge open pit, as well as on management appointments.

Barkerville Gold Mines Ltd. (TSXV:BGM) announced a corporate and operational update, commenting on test mining at the Bonanza Ledge open pit, as well as on management appointments.

As quoted in the press release:

Test mining at the Bonanza Ledge open pit is near completion of Phase 1 and continues to encounter improved grades with depth as milling at the Company’s QR mill near Quesnel, BC demonstrates. The mill has processed 21,000 tonnes with a head grade of 13.41 g/tonne and recoveries of 95% to date in 2015. In 2014 the tonnage processed was 63,000 at a head grade of 6.85 g/tonne and with recoveries of 92%. The recent increase in grade is attributed to improvements in grade control as well as a general increase in grade at current elevations. The Company is currently evaluating alternatives in order to develop the Bonanza Ledge deposit beneath current test pit levels including underground access.

Strengthening of the board and management continues with the recent addition of Paul Geddes, as Vice-President Exploration subsequent to the appointments of Greg Gibson as Chairman, Tom Obradovich as President and CEO, and Tony Makuch as a director.

Tom Obradovich, president and CEO of Barkerville, commented:

We are rapidly making progress on understanding the kind of potential we have over the full length of our series of mines and deposits. It is quite astonishing to realize that this kind of mineralization still remains near surface in such an accessible location. I am looking forward to building our management team and developing our deposits in a prudent, logical fashion using all of the data and knowledge available to us.

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

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