Barkerville Gold Mines Ltd

The Company sampled three trenches, which totaled 55 meters long, to provide metallurgical and ore zone data for oxidized mineralization at bedrock. The trenches ranged from 5.5 to 11.3 metres wide at the toe and were from 4.6 to 6.1 metres deep.

over 11 years ago

Barkerville Gold Mines Ltd. Provides Technical Update on Cariboo Gold Project

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 10, 2013) - Barkerville Gold Mines Ltd. ("Barkerville" or the "Company") (TSX VENTURE:BGM)(IWUB.F) wishes to provide a report on the status of its proposed technical disclosure review response to the cease trade order (the "CTO") issued by the British Columbia Securities Commission (the "BCSC") as disclosed in the Company's press release dated August 15, 2012.

Technical Review

On May 2, 2013, Barkerville submitted a comprehensive response letter and an updated technical report on its Cariboo Gold Project (the "Updated Technical Report") to the BCSC for its review in connection with the CTO. The Updated Technical Report Draft, co-authored by Peter T. George, P. Geo., of Geoex Limited ("Geoex"), Ivor W.O. Jones, FAusIMM(CP), of Snowden Mining Industry Consultants Inc. ("Snowden"), and Michael B. Dufresne, M.Sc., P. Geol, of Apex Geosciences Ltd. ("Apex"), was intended to replace the technical report filed by the Company in August 2012, and to address the disclosure issues raised by the BCSC. Snowden and Apex are independent mining and geological consulting firms that have not previously reported on the Cariboo Gold Project.

On May 9, 2013, the BCSC issued a further comment letter to the Company on the Updated Technical Report. The Company, Snowden, Geoex and Apex are currently working to address the BCSC's comments.

J. Frank Callaghan, President and CEO