{"id":469725,"date":"2017-04-11T20:44:18","date_gmt":"2017-04-11T20:44:18","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=469725"},"modified":"2017-04-11T20:44:18","modified_gmt":"2017-04-11T20:44:18","slug":"fresh-cariboo-drilling-gives-barkerville-shares-another-leg-up-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=469725","title":{"rendered":"Fresh Cariboo drilling gives Barkerville shares another leg up"},"content":{"rendered":"

By analyst<\/a><\/span> <\/p>\n

By Frik Els<\/a><\/span> <\/p>\n

Shares in Barkerville Gold Mines (CVE:BGM) added 8.6% on Tuesday after the company announced the latest set of drill results from its flagship Cariboo project in British Columbia.<\/p>\n

On the TSX Venture Exchange BGM exchanged hands for $0.76 a share for a market valuation of $227 million. Barkerville stock is up a spectacular 70% over just the last month on a steady stream of positive news from its massive 1,177 square km Cariboo land position which includes six past producing mines.<\/p>\n

The first drilling from the Valley Zone intersected high grade gold mineralization close to the surface and at new depths between the Cow and Island Mountain deposits.<\/p>\n

We envision this camp as a 20-year plus asset<\/p>\n

According to the junior explorer these results represent the first holes drilled in the Valley Zone area since the Cariboo Gold Quartz Mine ceased operations in the 1960s.<\/p>\n

Last week the junior explorer announced permits to begin small-scale underground production at the property’s Bonanza Ledge deposit which it hopes to start up in July and proces at its own mill located 110km south of the property.<\/p>\n

Northern Miner’s Lesley Stokes spoke to Chris Lodder, president and CEO of Barkerville, and in the interview posted yesterday he told the paper that \u201cunderground mining would be a test for future production at Cow and Island Mountains \u2014 the details of which would be outlined in a feasibility study expected in 2018\u201d:<\/p>\n

\u201cWe’ll start with something small so we can learn how to mine these deposits from underground, and then apply it to the rest of the property,\u201d Lodder says, noting the vein-hosted and replacement-style orogenic gold deposits fall within a 67 km long belt of prospective rocks.<\/p>\n

\u201cAnything we build for the long-term will have to be scalable, because we expect to find deposits along the entire length of the mineralized trend .\u2026 We envision this camp as a 20-year plus asset,\u201d he adds.<\/p>\n

The company has an ongoing 130,000m drilling program at Island Mountain following 60,000m program at Cow Mountain last year.<\/p>\n

In March last year Barkerville updated the resource estimate for Cow Mountain outlining indicated resources totalling 2.8 million ounces of gold at an average grade of 2.4 g\/t. Inferred resources total 2 million ounces at 2.3 g\/t.<\/p>\n

Click here<\/a> for the full Northern Miner interview (paywall).<\/p>\n

The post Fresh Cariboo drilling gives Barkerville shares another leg up<\/a> appeared first on MINING.com<\/a>.<\/p>\n

\u2026read more<\/a> <\/p>\n

Source:: Infomine<\/a><\/p>\n

The post <\/a>Fresh Cariboo drilling gives Barkerville shares another leg up<\/a> appeared first on Junior Mining Analyst<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By analyst By Frik Els Shares in Barkerville Gold Mines (CVE:BGM) added 8.6% on Tuesday after the company announced the latest set of drill results from its flagship Cariboo project in British Columbia. On the TSX Venture Exchange BGM exchanged hands for $0.76 a share for a market valuation of $227 million. Barkerville stock is […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/469725"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=469725"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/469725\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=469725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=469725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=469725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}