International Wayside Gold Mines to Change Name to Barkerville Gold Mines Ltd.
January 20 2010 - 9:27AM
Marketwired
International Wayside Gold Mines Ltd. ("Wayside", the "Company")
(TSX VENTURE: WYG)(FRANKFURT: IWUB) announced today that effective
Thursday, January 21, 2010, the Company will change its name to
Barkerville Gold Mines Ltd. The Company's shares will trade under
the stock symbol "BGM" on the TSX Venture Exchange.
J. Frank Callaghan, President and CEO, states, "The new name is
reflective of the rich history of gold production in the area and
the evolution of the Company as it moves towards production. The
Company is entering a new era and the Board of Directors felt that
a new name would better represent the Company."
Barkerville Gold Mines Ltd. is the result of the amalgamation of
the assets of four public companies, including the recently
announced agreement to purchase the QR Mine and Mill. As announced
on January 11, 2010, a Permit to Mine has been granted for the West
Zone at the QR Mine, with mining operations scheduled to commence
in February of 2010, upon closing of the acquisition.
About International Wayside Gold Mines
The Company has been developing its Cariboo Gold Project near
Barkerville, B.C., which encompasses (from northwest to south east)
the former producing Hardscrabble Tungsten Mine, Mosquito Creek
Gold Mine (now on care and maintenance), Aurum Mine, Island
Mountain Mine, Cariboo Gold Quartz Mine, Bonanza Ledge (proposed
mine), the Cariboo Thompson Gold & Silver Mine and the Cariboo
Hudson Mine. The Company commenced operations in the Cariboo
District in 1994 and has focused on the exploration and development
of its gold properties. The Company's mineral tenure in the
historic Barkerville Gold Camp encompasses approximately 1,065
square km (106,484 hectares) over a 60km by 20km wide belt, where
101 creeks have reported placer gold production. Recorded gold
production from the area totals more than 3.8 million ounces,
including an estimated 2.64 million ounces from placer mining and
1.23 million ounces from lode mining. On December 16, 2009, the
Company entered into an agreement by which it will acquire the QR
Mine and Mill, 110km by road from its proposed Bonanza Ledge open
pit gold mine.
On Behalf of the Board of Directors
J. Frank Callaghan, President
Neither 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.
Contacts: International Wayside Gold Mines Ltd. Andrew H. Rees
Director 604 669-6463 or Toll Free: 1-800 663-9688 604 669-3041
(FAX) www.wayside-gold.com
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