Barkerville's Cow Mountain at 10.62 million oz Au indicated
2012-06-29 13:14 ET - News Release
Mr. Frank Callaghan reports
BARKERVILLE ANNOUNCES A NI 43-101 COMPLIANT INDICATED RESOURCE OF 10,626,100 OZ GOLD
Barkerville Gold Mines Ltd. has released an NI 43-101-compliant indicated resource estimate for the gold quartz open-pit model on Cow Mountain, as well as an NI 43-101-compliant estimation of the geological potential of the 6.4-kilometre Island Mountain, Cow Mountain and Barkerville Mountain trend. This trend is the central portion (where the Company has focused its exploration activities) of a larger 67 km trend on the Company's 1,118 sq. km property.
Geoex Limited ("Geoex") was retained to complete an independent estimate of the mineral resources and geological potential of Barkerville's property (the "Property") by management of the Company.
The indicated resources, between the elevations 3,550 feet and 4,550 feet above sea level (town elevation 4,000 feet), estimated by Geoex for the Gold Quartz open pit model on Cow Mountain are 69,039,000 tons with an average grade of 0.154 ounces gold per ton (5.28 grams/T) and 10,626,100 ounces of contained gold as summarised in the following table. Geoex is of the opinion that this resource has a reasonable prospect of economic extraction.
http://www.stockwatch.com/News/Item....l=BGM®ion=C