TORONTO, Sept. 17, 2019 /CNW/ - Barkerville Gold
Mines Ltd. (TSXV: BGM) (the "Company" or
"Barkerville") is pleased to announce the filing of an
independent preliminary economic assessment technical report on its
Cariboo Gold Project, which has been prepared in accordance with
National Instrument 43-101 – Standards of Disclosure for
Mineral Projects. The technical report,
entitled "Preliminary Economic Assessment of the Cariboo
Gold Project, District of Wells, British
Columbia, Canada" and dated September
17, 2019 (effective date of August 18, 2019), has been prepared for
Barkerville by, Allnorth Consultants Ltd., BBA inc., InnovExplo
Inc, Golder Associates Ltd., Mining Plus Canada Consulting Ltd.,
SRK Consulting (Canada) Inc., and
WSP Canada Inc. The Cariboo Gold Project PEA is available on SEDAR
(www.sedar.com) under Barkerville's issuer profile. The key results
of the PEA were announced on Aug 19,
2019.
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.
