Lobo Tiggre – The Independent Speculator – Wed 2 Oct, 2019

Gold stock trading strategies and thoughts on the Osisko Gold Royalties and Barkerville transaction

Lobo Tiggre, Editor of The Independent Speculator shares his trading strategies for the gold and silver stocks he likes. With the recent volatility in gold it is important to have a strategy when taking a position. We also discuss the Osisko Gold Royalties takeover of Barkerville Gold Mines.

Click here to visit The Independent Speculator website to stay up to date on what Lobo is covering in the metals space.

David Erfle – Gold Market Commentary – Wed 25 Sep, 2019

Comments on the Osisko Gold Royalties Takeover of Barkerville Gold Mines

Davie Erfle, Founder of the Junior Miner Junky joins me to discuss the Osisko Gold Royalties takeover bid of Barkerville Gold Mines. The Market is already selling down the shares of Osisko after this all share deal was announced. It is usually good to see M&A activity in the sector but unfortunately this is another deal that is not being looked favorably upon. We also look at the gold price and it’s sharp move down today.

Click here to visit Dave’s site and if you are a junior stock investor consider signing up form his newsletter.

Barkerville updates underground Cariboo resources

Barkerville Gold Mines of Toronto says there are 4.3 million oz. of gold in all categories, according to the latest resource estimate at its Cariboo project near Wells, Ontario. The estimate includes underground resources for the Cow, Island and Barkerville Mountain deposits.

Measured and indicated resources contain 2.4 million oz. of gold in 13.2 million tonnes grading 5.60 g/t gold. That represents a 50% increase in ounces from the estimate made in 2018.

The inferred resource contains 1.9 million oz. in 12.0 million tonnes grading 5.0 g/t gold.

Barkerville said the estimate incorporates the Cow and Valley zones at Cow Mountain, the Shaft and Mosquito Creek zones on Island Mountain, and the BC vein and Bonanza ledge on Barkerville Mountain. A cut-off grade of 3.0 g/t gold was used for the estimate.

Infill and exploration drilling are ongoing at the Cariboo project.

(This article first appeared in the Canadian Mining Journal)

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Appointment notices: Barkerville Gold, Blackrock Gold, QMX Gold, and Sixty North Gold

QMX Gold Corp. of Toronto has asked Hon. Sergio Marchi to join its board of directors. He has held a number of positions in both the private and public sectors, most recently as president and CEO of the Canadian Electricity Association. He is also a former federal Cabinet minister.

Toronto’s Barkerville Gold Mines has named Sean Masse the VP of operations. He was formerly mine manager at the New Afton project and more recently project manager at Kemess. Masse will be responsible for advancing the Cariboo gold project as well as operation of the Barkerville Mountain property and QR mill. His appointment takes effect in June.

Andrew Pollard is the new CEO and a director of Blackrock Gold Corp. in Vancouver. Joining him on the board is new executive chairman Bill Howald.

Sixty North Gold Mining has named Gavin Kirk as president, CEO and a director of the Vancouver-based company. He has 25 years’ experience in the investment community. Simultaneously, former CEO Ronald Handford is taking up the roles of VP corporate development and corporate secretary. Chairman and CFO John Campbell has stepped down from the duties of president and corporate secretary.

(This article first appeared in the Canadian Mining Journal)

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Barkerville Gold hits high grades at Cariboo project

Barkerville Gold Mines has received bonanza grades from recent drilling at its flagship Cariboo gold project in central Ontario, Canada. The results have also expanded mineralization by 175 metres at Island Mountain.

The company has had five drills working at the Island Mountain Shaft zone and Mosquito Creek deposit to test down dip extensions.

New results include 19.34 g/t gold over 17.9 meters in IM-19-013, extending a mineralized vein corridor on Shaft zone 70 meters down dip. The current mineralization on Mosquito Creek is modelled to a depth of 200 meters and recent high grade intercepts include 10.65 g/t gold over 4.2 meters in IM-19-004 at a depth of 375 meters from surface.

In June 2018, Barkerville released a 43-101 technical report that covered the maiden resource estimate for Cow Mountain and Island Mountain – including Cow, Valley, Shaft and Mosquito deposits – as well as an updated resource for Barkerville Mountain – Bonanza Ledge and BC Vein deposits. The numbers include the 3.7-km strike length from Cow Mountain to Island Mountain with a width of approximately 700 metres to a vertical depth of 600 metres below surface.

The total measured and indicated resource is 8.1 million tonnes grading 6.1 g/t gold for 1.6 million oz. The inferred resource is 12.7 million tonnes at 5.2 g/t for 2.2 million contained oz. of gold.

(This article first appeared in the Canadian Mining Journal)

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Cow Mountain yields high grades for Barkerville

Aerial view of the Cariboo gold project near Wells, B.C. (Image: Barkerville Gold Mines)

Barkerville Gold Mines of Toronto continues to intercept very good grades at its Cow Mountain site, part of its Cariboo gold project. The results come from holes drilled last year to upgrade and expand resources.

The company seems to have no problem drilling bonanza grades, such as 12.26 g/t gold over 7.6 meters in hole CM-18-206, including 97.8 g/t over 0.8 meter. Hole 206 is located 15 meters up dip of CM-18-140 that intersected 37.87 g/t over 4.75 meters.

Highlights from other holes include 30.16 g/t gold over 2.8 meters, 105 g/t over 0.5 meters, 7.24 g/t over 5.5 meters, 11.77 g/t over 5.0 meters, 11.08 g/t over 6.0 meters,  46.49 g/t over 2.0 meters, and 18.79 g/t over 4.0 meters.

Barkerville is updating the Cow Mountain deposit model to include the additional 231 holes drilled last year. Detailed results from last year’s drill program are posted at www.BarkervilleGoldMines.com.

This story first appeared in Canadian Mining Journal.

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Barkerville cuts long and strong intersections at Cow Mountain

Toronto-based Barkerville Gold Mines has received assays from 50  more of the 231 holes it drilled last year at the Cow Mountain gold property in its flagship Cariboo gold project in British Columbia. High grade mineralization within vein corridors and extensions down dip and down plunge was identified.

The best hole assayed 8.70 g/t gold over 3.4 metres, including 169.50 g/t over 0.5 metre. The next best was CM-18-153 that intersected 8.96 g/t gold over 8.6 meters, including 17.40 g/t over 0.9 meter, 9.35 g/t over 0.5 meter and 33.30 g/t Au over 0.7 meter.

Barkerville launched the 2018 Cow Mountain program to infill and expand high grade vein corridors modeled in the resource estimate made in May last year. The corridors have been defined from surface to 300 metres deep and are open at depth and down plunge.

This article originally appeared in the Canadian Mining Journal.  

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