Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Aerial view of the Cariboo gold project near Wells, B.C. (Image: Barkerville Gold Mines)
Barkerville Gold Mines of Toronto continues to intercept very good grades at its Cow Mountain site, part of its Cariboo gold project. The results come from holes drilled last year to upgrade and expand resources.
The company seems to have no problem drilling bonanza grades, such as 12.26 g/t gold over 7.6 meters in hole CM-18-206, including 97.8 g/t over 0.8 meter. Hole 206 is located 15 meters up dip of CM-18-140 that intersected 37.87 g/t over 4.75 meters.
Highlights from other holes include 30.16 g/t gold over 2.8 meters, 105 g/t over 0.5 meters, 7.24 g/t over 5.5 meters, 11.77 g/t over 5.0 meters, 11.08 g/t over 6.0 meters, 46.49 g/t over 2.0 meters, and 18.79 g/t over 4.0 meters.
Barkerville is updating the Cow Mountain deposit model to include the additional 231 holes drilled last year. Detailed results from last year’s drill program are posted at www.BarkervilleGoldMines.com.
This story first appeared in Canadian Mining Journal.
