Barkerville Gold’s Cow Mountain in British Columbia’s fabled Cariboo region is shaping up to be the province’s next new gold mine
For about a century, starting in the 1860s, the most prolific gold mining region of B.C. was the Cariboo. The town of Barkerville, which sprung up in the Cariboo gold rush, was once a bustling town of 5,000.
But by the 1950s, gold mining had pretty much dried up in the area, and the town of Barkerville was saved from becoming yet another B.C. mining ghost town only when it was turned into a living museum.
But gold mining in the Cariboo now appears to be set for a sequel with the development of what has promise of becoming a significant gold mining district by Barkerville Gold Mines (TSX-V:BGM) and Osisko Mining Inc. (TSX:OSK).
Mickey Fulp, who publishes the Mercenary Geologist, is betting on Barkerville to be not only B.C.’s next new gold mine but, ultimately, a mining district, with the potential for more than one gold mine.
“They control 67 kilometres of ground on this trend, and most of it’s never been tested,” Fulp said. Under new management, the company has been rebuilding both its reputation and its resource estimates into something a little more reliable than what they had been under founder and former CEO Frank Callaghan.
For the rest of this article: https://biv.com/article/2019/05/cariboo-gold-rush-part-2