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Keywords :   Gold Mine | Gold Mines | Gold Production |

 

Barkerville Gold to purchase royalty interests

 

 

 

 

 

Barkerville Gold Mines Ltd. (TSX VENTURE:BGM - News; FRANKFURT:IWUB - News; the "Company") announces that it has entered into letter agreements dated December 7, 2010 (the "Agreements") with Winta Resources Ltd., Bumper Development Corporation Ltd. and Kristen Snethun (collectively the "Royalty Holders") to purchase a collective 10% net profit interest royalty (the "Royalty") that is held by the Royalty Holders in the Cariboo Gold Quartz, Island Mountain and Mosquito Creek properties of the Company which are located in the Cariboo Mining Division of British Columbia (the "Acquisition"). Pursuant to the Agreements, the Company will issue an aggregate of 250,000 shares to the Royalty Holders for the purchase of the Royalty.

The Acquisition will be subject to certain conditions including TSX Venture Exchange approval.

About Barkerville Gold Mines Ltd.

The Company has been focused on exploration and development of gold projects in the Cariboo Mining District in central British Columbia since 1994. The Company's mineral tenures now cover over 1,225 square kilometers of mineral tenures encompassing 7 past producing hard rock mines and three NI43-101 gold deposits, including the QR Mine & Mill. The QR Mine & Mill was acquired in February 2010 and includes a 900 tonne/day gold milling facility and a permitted gold mine located approximately 110 kilometers by highway and all-weather road from the Barkerville Gold Camp. Mining operations commenced at QR in February and the Company began pouring dore gold in September of 2010. In November 2010, the Company acquired a second permitted mill currently on care and maintenance in Revelstoke, B.C. and plans to relocate it to the gold deposits in the Barkerville Gold Camp near Wells, B.C. and upgrade it to a 2,000-tonne/day facility subject to all approvals. The Company has not hedged any of its future gold production.

On behalf of the Board of Directors

J. Frank Callaghan, President and CEO

This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events and conditions and therefore involve inherent risks and uncertainties. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. All phases of the Company's operations are subject to environmental regulation and governmental approval and permits and there can be no assurance that the Company will obtain all the requisite permits for future development. Mining is an inherently risky business with large capital expenditures and cyclical metals markets.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

Companies Mentionned : Barkerville Gold Mines |
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Barkerville Gold Mines Ltd.

PRODUCER
CODE : BGM.V
ISIN : CA0676421088
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Annual reports of Barkerville Gold Mines Ltd.
2009 Annual Report
2008 Annual report
Financings of Barkerville Gold Mines Ltd.
7/19/2011Receives $8,529,375 From Warrant Exercise-All Warrants From ...
11/25/2010Announces Closing of $5,000,000 Private Placement
11/15/2010Announces $5 Million Private Placement
5/18/2006First tranche of private placement closes
Project news of Barkerville Gold Mines Ltd.
8/15/2013Barkerville Gold Mines Ltd. Project Update
6/19/2013Barkerville Gold Mines Ltd. Announces Updated Resource Estim...
5/11/2013(Cariboo)Provides Technical Update on Cariboo Gold Project
4/5/2013(Cariboo)Provides Technical Update on Cariboo Gold Project
6/21/2012Barkerville Gold Mines Receives Environmental Approval at QR...
3/21/2012Barkerville Gold Mines Reports Remaining 2011 Drill Results
2/29/2012Barkerville Gold Mines Summarizes 2012 Exploration Work and ...
2/15/2012Barkerville Gold Mines Intercepts 27.4 meters (90.0 feet) of...
2/15/2012Barkerville Gold Mines Intercepts 27.4 Meters (90.0 Feet) of...
12/6/2011Barkerville Gold Mines Receives Provincial Government Approv...
11/21/2011Barkerville Gold Mines Intercepts 17.6 meters (57.8 feet) of...
10/18/2011Barkerville Gold Mines Intercepts 21.5 meters (70.5 feet) of...
5/26/2011(Barkerville Mountain)Assays Gold in First 10 Diamond Drill Holes for 2011 on The ...
5/13/2011(Myrtle-proserpine)Acquisition of Myrtle-Proserpine and Promise Properties
5/13/2011(Promise)Acquisition of Myrtle-Proserpine and Promise Properties
4/7/2011(Bonanza Ledge)Provides Update on the Permitting of the Bonanza Ledge Mine
3/22/2011(Barkerville Mountain)First Diamond Drilling Assay at New Discovery on Barkerville...
2/14/2011(Barkerville Mountain)Extends New Discovery Zone on Barkerville Mountain to 125 Me...
12/14/2010(Bonanza Ledge)Application to Commence Production at Bonanza Ledge Accepted...
12/9/2010(Bonanza Ledge)and Lhtako Dene Nation Sign Project Agreement to Develop Bon...
11/17/2010(Barkerville Mountain)Receives Drill Permits for Exploration on Barkerville Mounta...
10/4/2010(Bonanza Ledge) Assays 8.7 Meters (28.4 feet) of 80.78 g/T (2.356 oz/t) Gol...
10/4/2010(Bonanza Ledge)Assays 8.7 Meters (28.4 feet) of 80.78 g/T (2.356 oz/t) Gold...
9/28/2010(Bonanza Ledge)To Purchase Additional Gold Mill Facility in Central British...
9/20/2010(Bonanza Ledge)Makes New Gold Discovery And Drills 22.6m of 6.93 g/T Gold a...
5/3/2006(Bonanza Ledge)Preliminary assessment report & application for mine permit ...
4/19/2006(Bonanza Ledge)drilling continues at the Cariboo gold project
Corporate news of Barkerville Gold Mines Ltd.
2/24/2014Barkerville Gold Mines Reports Whole Hole Metallic Screen Fi...
2/12/2014Barkerville Gold Mines Reports Both Metallic Screen & Lead C...
12/16/2013Barkerville Gold Mines Reports Metallic Screen Fire Assay Re...
11/4/2013Barkerville Gold Mines Reports Significant Intercepts of 201...
10/24/2013Barkerville Gold Mines Ltd. Pricing on Warrants and Grant of...
10/9/2013Closes $15 Million Gold Loan Facility and Common Shares Are ...
8/21/2013Barkerville Gold Mines Ltd. Clarifies And Updates Its Most R...
8/12/2013Barkerville Gold Mines Ltd. Arranges Short Term Loan
4/18/2013Announces Results of AGM
2/19/2013Approves Advanced Notice Policy
1/30/2013Resolves Shareholder Petition Respecting AGM and Pours Gold ...
1/15/2013Provides Project and Technical Update
12/10/2012Extension to Hold AGM and Petition by Rex Harbour to Call AG...
12/6/2012Completes Loan Agreement
11/26/2012Clarification on Loan to Barkerville Under the Partial Revoc...
11/14/2012Receives Partial Revocation Order
11/5/2012Provides Additional Update on its Technical Review and Proje...
10/20/2012Provides Update on its Technical Review
8/7/2012Be Advised - Barkerville Gold Mines - the next Goldcorp?????...
12/13/2011Barkerville Gold Mines Intercepts 62.3 meters (204.5 feet) o...
6/27/2011Intersects 19.9 Meters (65.4 Feet) of 83 g/t (2.429 oz/t) Go...
6/15/2011(Bonanza Ledge)Appoints Ross Hollinger as Mine Manager For Bonanza Ledge an...
6/2/2011(Myrtle-proserpine)Closes Acquisition of Myrtle-Proserpine and Promise Properti...
5/27/2011Barkerville Gold Mines
2/1/2011Releases Q3 Financials
1/11/2011To Purchase Royalty Interests
12/31/2010Global TV News Story features Barkerville Gold Mines Ltd.
12/30/2010Global TV News Story features Barkerville Gold Mines Ltd.
11/16/2010Closes Acquisition of Additional Gold Mill Facility in Centr...
10/6/2010Begins 20,000 Meter, 122 Hole Drill Program at the Gold Quar...
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