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re: Barkerville

Posted by islandgold @ 17:40 on November 24, 2014  

I am a shareholder of Barkerville…  did get some cheap shares.. but still mostly underwater on that stock.  It does seem to be trading well… good volume/price…  Barkerville/Snowden is expected to release this week/next week an updated 43-101 report on Cow Mountain…  The current 43-101 has  1 million indicated + 4 million inferred ounces.  The indicated will definitely go up… the question is by how much?  The original 43-101 had 7 million oz. plus indicated before the BCSC rejected that report.  One year later Snowden went through the numbers and apparently came up with the same amount (with four independent/qualified geologists) and again it was rejected by the BCSC… to get the report approved they had to basically cut off all results below a certain depth.   BCSC crap/corruption at it’s finest.

It is hard to say what will be published… they will also be doing a second 43-101 in the second quarter of next year on Island mountain…  a resource right beside Cow Mountain that was ‘guesstimated’ to be twice the size and grade as Cow Mountain.   Sprott is a significant shareholder/financier of this project.  If the 43-101 is strong… Barkerville does have incredible blue sky potential.  I do believe as a speculative play… it is worth doing some DD..

(If you have specific questions on this company… you are welcome to contact me as I have been a shareholder for ‘years’)

Islandgold

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.