Barkerville Receives Drill Permits For
Exploration on Barkerville Mountain
Vancouver, BC - Barkerville
Gold Mines Ltd. (the "Company") announces that it has received
drilling permits for 900 drill holes totaling 193,500 meters of drilling from
the Government of British Columbia for exploration on Barkerville
Mountain located in central British Columbia. The permit takes in all of Barkerville Mountain, an area of approximately 2,700
hectares encompassing the Company's Bonanza Ledge proposed open pit mine
(currently in the BC Mines
Act review process) and the new discovery area originally
announced in September (see
News Releases Sept 20, 2010 and Oct 4th 2010).
Detailed drill plans for winter 2010/2011 drill programs at the new discovery
zone as well as beneath and along strike of the Bonanza Ledge proposed open
pit will be announced as they are finalized.
J. Frank Callaghan, President & CEO states: "With the Company's gold
production now fully underway, we are pleased to be able to focus on
accelerating gold resource expansion and exploration. In the past, most of
our resources were spent on the delineation and permitting of our two
original gold deposits. This large exploration permit allows us to now
aggressively explore the Bonanza Ledge area to depths largely unexplored and
along a 2 km strike corridor. An exciting addition is the new discovery area
100 meters away from the proposed open pit having bedrock trenching samples
returning up to 618 g/t gold and will be an
significant part of this winter's drill program".
About Barkerville Gold Mines Ltd.
The Company continues to develop its Cariboo Gold
Project in Barkerville, B.C., which encompasses
(from northwest to south east) the former producing Hardscrabble Tungsten
Mine, Mosquito Creek Gold Mine (now on care and maintenance), Aurum Mine,
Island Mountain Mine, Cariboo Gold Quartz Mine,
Bonanza Ledge (proposed mine), the Cariboo Thompson
Gold & Silver Mine and the Cariboo Hudson Mine.
The Company commenced operations in the Cariboo
District in 1994 and since that time has focused on the exploration and
development of its gold properties. Mineral tenures in the historic Cariboo goldfields encompass approximately 1,112 square
km (112,484 hectares) over a 60 km long by 20 km wide belt. In the Barkerville Gold Camp, 101 creeks have reported placer
gold production. Recorded gold production from the area totals more than 3.8
million ounces, including an estimated 2.64 million ounces from placer mining
and 1.23 million ounces from lode mining. The Company began gold dore production at its QR Mine in September 2010 and has
not hedged any future gold production.
On behalf of the Board of Directors
"J. Frank Callaghan"
J. Frank Callaghan
President and CEO