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Barkerville Gold Mines Reports the Startup of its QR Mill Facility

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Barkerville Gold Mines Reports the Startup of its QR Mill Facility

 

 

 

 

 

Barkerville Gold Mines Ltd. announced today the startup of its QR mill facility which will process ore mined in 2013 from its QR Mine near the town of Quesnel in central British Columbia.
 

The Company anticipates pouring its first doré bar within the next few weeks as ore crushing began the morning of March 10th, 2014. The mill will operate 24 hours per day until the QR ore is processed at which point in time the Company expects to start processing ore from its Bonanza Ledge Mine. Weather conditions have been favourable which allows the Company to put more tonnes through the crushing circuit and fine ore bin.
 

The QR Mine operates under Permit M-198. There is currently in excess of 15,000 tonnes of ore extracted from the QR Mine in the mill stockpile. In June 2012 Permit M-198 was amended to also allow the Company to process Bonanza Ledge ore at the QR Mill
 

Mr. J. Frank Callaghan, Company president and CEO commented “Barkerville is excited to commence milling operations at a time when gold prices are trending upwards. Pouring gold dorĂ© bars and generating cash flow from production is an accomplishment few juniors are able to achieve and wouldn’t happen without the strength of the Company’s highly skilled workforce.”
 

The Company has had a positive safety record to date as there have been no accidents or incidents. Barkerville is increasing its workforce as operations move to three shifts that will start in approximately 4 weeks.
 
About Barkerville Gold Mines Ltd.

 

The Company has focused on exploration and development of gold projects in the Cariboo Mining District in central B.C from the mid-1990s to present. The Company’s mineral tenures cover 1,164 km2 along a strike length of 60 km and approximate width of 20 km, including the Cariboo Gold Project, the Bonanza Ledge Gold Project, the Barkerville Mountain and Island Mountain exploration targets and seven past producing hard rock mines. The QR Property was acquired in February 2010 and includes a 900 tonne/day gold milling facility and a permitted gold mine located approximately 110 km by highway and all-weather road from the Barkerville Gold Camp. In November 2010, the Company acquired a second permitted mill currently on care and maintenance in Revelstoke, B.C. The Company has completed significant drilling and exploration programs and, together with the historical data, is compiling all information to determine the geologic models and updated technical reports to continue with exploration and development of the Cariboo Gold projects. This news release has been prepared on behalf of the Board of Directors of the Company which takes full responsibility for its contents.

Posted March 12, 2014

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