Barkerville Gold Mines (TSX-V: BGM) has fully consolidated 1,177 square kilometres of land in the Cariboo Gold District, a historically profitable yet still underexploited area of south-central British Columbia. Within it, BGM already boasts one active high-grade mine alongside six past-producing mines.
Under the new leadership of gold mining veterans and driven by a new vision, BGM has returned to first principles—overseeing a comprehensive analysis of historical and recently compiled data to build an exploration model for the company's highly prospective gold-bearing belt that stretches for 60 kilometres across the Cariboo District.
BGM's new leadership has a clear goal: to find multiple high-grade gold deposits and then mine them commercially and efficiently from underground.
The Company's focus on high-grade reserves has been the key to its recent success. By targeting high-grade mineralization, BGM not only ensures a faster track from exploration to production, it also decreases all-in costs relative to open-pit mining, and significantly reduces the CAPEX required for processing.
- Commence small-scale production at Bonanza Ledge and BC Vein
- Upgrade, define, and expand Cow Mountain resource and initiate feasibility study,
- Develop regional targets through greenfield exploration.