Barkerville Gold Mines Ltd. {TSX.V: BGM} announced that it has successfully completed the permit amendment process required by the Mines Act (British Columbia), and has received the required permits to begin the development and mining of the Bonanza Ledge Deposit on Barkerville Mountain near Wells, BC.
BGM Receives Permit For Mining On Barkerville Mountain
TORONTO, ON – April 4, 2017 –Barkerville Gold Mines Ltd. {TSX.V: BGM} announces that it has successfully completed the permit amendment process required by the Mines Act (British Columbia), and has received the required permits to begin the development and mining of the Bonanza Ledge Deposit on Barkerville Mountain near Wells, British Columbia.
Mine development is expected to begin immediately, with processing of the mineralised material expected to occur approximately three months thereafter. Bonanza Ledge mineralised material will be processed at BGM’s 100% owned QR mill facility located 110 kilometres from the deposit by road. The mill and tailings facilities are currently permitted and operational. The Bonanza Ledge mine is permitted to produce up to 150,000 tonnes per year.
Chris Lodder, President and CEO comments: “This initial production is important to our growth plan in the Cariboo Gold Project. In addition to generating positive cash flow, this underground operation allows BGM to train a local workforce and gain expertise in mining and processing in the district. This experience will assist in the development of other deposits in the camp and the eventual construction of a new centrally located processing facility. In conjunction with this production, BGM’s aggressive exploration program continues and will eventually lead to a property scale mineral resource estimate.”
For further information on Barkerville Gold Mines Ltd., please contact:
Chris Lodder
President & Chief Executive Officer
Suite 400-365 Bay Street
Toronto, Ontario, Canada.