VANCOUVER — Barkerville Gold Mines (TSXV: BGM) is in for a busy year at its Cariboo Gold property outside the historic 3 million oz. Barkerville placer gold camp in south-central British Columbia. The junior explorer has plans to begin small-scale underground production at the property’s Bonanza Ledge deposit, followed by a resource update for the project’s most promising assets: Cow and Island Mountains.
Chris Lodder, president and CEO of Barkerville, says during a phone interview with The Northern Miner that the underground mining would be a test for future production at Cow and Island Mountains — the details of which would be outlined in a feasibility study expected in 2018.
“We’ll start with something small so we can learn how to mine these deposits from underground, and then apply it to the rest of the property,” Lodder says, noting the vein-hosted and replacement-style orogenic gold deposits fall within a 67 km long belt of prospective rocks.
“Anything we build for the long-term will have to be scalable, because we expect to find deposits along the entire length of the mineralized trend .… We envision this camp as a 20-year plus asset,” he adds.
As of April 4, the company is fully-permitted to begin mining Bonanza Ledge at a rate of 150,000 tonnes of ore per year. Barkerville expects to start production by July, and process the material at the company’s QR milling facility, 110 km south.
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