TORONTO, July 11, 2019 /CNW/ - Barkerville Gold Mines
Ltd. (TSXV: BGM) (the "Company" or "Barkerville")
is pleased to report that it has filed on SEDAR the independent NI
43-101 Technical Report to present and support the results of the
Mineral Resource Estimate Update and metallurgical testwork for the
Cariboo Gold Project as per the Company's news release dated
May 29, 2019. The technical report
was prepared by InnovExplo Inc. and BBA Inc., both independents
consulting firms based out of Val-d'Or, Québec and in Montréal, Québec.
Qualified Persons
Each of Christine Beausoleil,
P.Geo. and Carl Pelletier, P.Geo. of
InnovExplo Inc. and Alain Dorval,
P.Eng. of BBA Inc., is an independent "qualified person" (as
defined in NI-43-101). Maggie
Layman, P.Geo., Vice President of Exploration for
Barkerville, is a "qualified person" (as defined in NI 43-101) for
the Company. The Company strictly adheres to CIM Best Practice
Guidelines in conducting, documenting, and reporting its
exploration activities on the Cariboo Gold Project.
About the Cariboo Gold Project
The Company is focused on developing its extensive mineral
rights package located in the historical Cariboo Mining District of
central British Columbia. BGM's
Cariboo Gold Project mineral tenures cover 1,950 square kilometers;
along a strike length of 67 kilometers which includes several past
producing placer and hard rock mines, making it one of the most
well-endowed land packages in British
Columbia. Since the management change in mid-2015, the
Company has unlocked the fundamental structural controls of gold
mineralization. The Company's Brownfield's exploration team is
focused on upgrading and expanding the May
2018 43-101 resource within the 8 kilometers of principle
project area located near the town of Wells, British
Columbia. The Company's Greenfield's team is developing
quality exploration assets throughout the remaining land package
through systematic, scientific, exploration. The operation's
team is focused on completing required studies to permit
underground mining on Cow and Island Mountains.
Cautionary Statement on Forward-Looking
Information
Neither the TSX Venture Exchange ('TSXV') nor
its Regulation Services Provider (as that term is defined in the
policies of the TSXV) accepts responsibility for the adequacy or
accuracy of this release. No stock exchange, securities commission
or other regulatory authority has approved or disapproved the
information contained herein. This news release contains
forward-looking information which is not comprised of historical
facts. Forward-looking information involves risks, uncertainties
and other factors that could cause actual events, results,
performance, prospects and opportunities to differ materially from
those expressed or implied by such forward-looking information.
Forward looking information in this news release includes, but is
not limited to, the Company's objectives, goals or future plans,
statements regarding exploration results and exploration plans.
Factors that could cause actual results to differ materially from
such forward-looking information include, but are not limited to,
capital and operating costs varying significantly from estimates,
the preliminary nature of metallurgical test results, delays in
obtaining or failures to obtain required governmental,
environmental or other project approvals, uncertainties relating to
the availability and costs of financing needed in the future,
changes in equity markets, inflation, fluctuations in commodity
prices, delays in the development of projects and the other risks
involved in the mineral exploration and development industry, and
those risks set out in the Company's public documents filed on
SEDAR. Although the Company believes that the assumptions and
factors used in preparing the forward-looking information in this
news release are reasonable, undue reliance should not be placed on
such information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed time frames or at all. The Company disclaims any
intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, other than as required by law.
SOURCE Barkerville Gold Mines Ltd.
