Tuesday 27th September 2016

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Barkerville President/CEO Frank Callaghan on BC assays of 83 g/t gold and 11 g/t silver over 19.9m

“We’ve been up in that camp for 17 years. In the camp we’ve got one mine in production right now called the QR. The second mine going into production is called Bonanza Ledge and the third one, the proposed open pit on Cow Mountain, is called the Cariboo Gold Quartz Open Pit. We’re drilling outside the known area where the proposed open pit is.

“I was told by some people a whole lot smarter than I am that today’s results show probably one of the top 10 drill holes ever reported—anywhere. We’re very happy.

“Our budget for this year is $10 million for exploration. Over the next three years we’ve got a budget of $30 million for exploration in the camp.

“We have one mine in production right now, a 900-tonne-a-day facility, capable of doing 70,000 ounces a year at that location. The second mill that we bought is going to be increased to a 3,000-tonne-a-day facility, and that’s going to be probably less than a kilometre away from that hole we just drilled.

“It’s nice working in your own backyard.”

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