Barkerville Gold Mines Ltd.
Barkerville Gold Mines Ltd. is engaged in the exploration and production of precious metals from mineral tenures located in the Cariboo Mining District in east-central British Columbia.
The Cariboo Gold Belt has had a rich and extensive history starting with the discovery of placer gold in the 1860’s. Recorded production from the Company’s property and surrounding area is approximately 3.2 million ounces of placer gold and 1.3 million ounces of lode gold averaging 0.40 oz/t gold from mainly mesothermal quartz vein mineralization, and 0.60 oz/t from sulphide replacement style mineralization. Mining of these deposits took place during the periods 1933 to 1967 and 1983 to 1987.
Barkerville Gold Mines has attracted approximately $55 million in new investment since the beginning of 2015 and now has a technically and financially supportive major shareholder base consisting of Eric Sprott (19%), Osisko Mining (17%) and Osisko Gold Royalties (16%).
The Vision: Build a sustainable, low impact, high return, gold mining company in British Columbia’s historic Cariboo Mining District
Short Term Goal: Production from Bonanza Ledge and BC Vein from 2017 – 2021
Primary Objective: Define an economic resource and reserve base which allows production growth and a new on site processing facility from 2021 onwards
Cariboo Gold Project, Central British Columbia
Barkerville Gold presently controls 211,900 hectares (2,119 sq. km) of mineral tenures, including three historic groups of contiguous Crown-Granted mineral claims, namely the Cariboo Gold Quartz Group, Island Mountain Group, and Mosquito Creek Group. This large block of contiguous mineral tenures is roughly centered around the town of Wells, which is located approximately 85 km east of Quesnel, British Columbia. This contiguous block represents about 75% of the complete mineral tenures package.
The Company's QR Mine & Mill are located approximately 58 km southeast of Quesnel, on a separate group of mineral tenures. Outside of these areas, the Company has a further 5 blocks of mineral tenures located in and around these two areas. The mineral tenures encompass seven past producing hard rock mines, including the QR Mine & Mill.
Cariboo Gold Project
Principal Project Area
6 km of 67 km
Bonanza Ledge Mine
Management and Directors
Chris Lodder, President & CEO, Director
Over 25 years of greenfield and brownfield exploration
President of Talisker Exploration Services, former Exploration Manager for the Americas for AngloGold Ashanti
Talisker team responsible for 28 million ounces in 3 greenfield discoveries
Paul Geddes, P.Geo., QP, Vice President of Exploration
Noranda Mining and Exploration Ltd., Teck Exploration Ltd.
100% increase in global gold resources for Rainy River prior to the company’s takeover by New Gold in October 2013.
Luc Lessard, P.Eng., Chief Operating Officer
25 years of experience designing, building and operating mines
Presently CEO and Director of Falco Resources, Senior Vice-President, Technical Services of Osisko Gold Royalties, and sits on the board of directors of Highland Copper and Bowmore Exploration.
Chris Pharness, Vice President of Environment and Sustainability
Environmental professional with strong background in environmental management and mitigation on north central BC
Responsible for government, community and first nations relations
Andres Tinajero, CPA, MBA, ICD.D, Chief Financial Officer
Over 20 years of financial and risk management of public companies across North America. He has supported a broad range of industries including: natural resources, manufacturing and technology.
Sean Roosen, Co-Chairman
Greg Gibson, Co-Chairman
Thomas Obradovich, Director
Anthony Makuch, Director
Morris Prychidny, Director
John Kutkevicius, Director
Allan Folk, Director
Ian Gordon, Director
Please refer to Barkerville Gold's website www.barkervillegold.com for complete biographies.
On December 7, 2016, Barkerville Gold Mines Ltd. announced that it has granted an aggregate of 9.8 million options to purchase common shares of the Company exercisable at a price of 46.75 cents per share for a period of five years, to certain directors, officers and employees of the Company.
On November 22, 2016, Barkerville Gold Mines Ltd. announced that it has arranged a private placement to raise aggregate gross proceeds of up to $10.07-million. The offering will consist of the sale of up to 13.4 million flow-through common shares of the Company at a price of 60 cents per tranche A flow-through share and the sale of up to 3.5 million flow-through common shares of the Company at a price of 58 cents per tranche B flow-through share.