The Bonanza Ledge is a gold deposit on the southwest flank of Barkerville Mountain 2 km northwest of the Barkerville Historic town site. Exploration studies conducted by EBA Engineering Consultants Ltd. (Overall Report), F. Wright Consulting Inc. (Metallurgy), and Mintec (Resources and Reserves) produced positive results prompting more exploration at the site.
About This Project
Barkerville Gold Mines (BGM) owns the Bonanza Ledge gold deposit on the southwest flank of Barkerville Mountain. Bonanza Ledge is BGM's most prospective asset in the short-term.
The company received a positive pre-feasibility study for Bonanza Ledge in September 2009 (updated in June 2013), and on April 23rd, 2015, announced the completion of Phase I test mining, with 91,234 tonnes processed at a head grade of 8.66 grams per tonne, yielding 23,726 ounces and a total recovery of 93.4%.
In May 2010, BGM confirmed that Bonanza Ledge–style disseminated gold mineralization is present at depth. Diamond drill hole BC10-03 intercepted up to 50% pyrite replacement below 500 feet returning 3.8 grams per tonne gold from 505.6 to 510 feet. The current Bonanza Ledge NI 43-101 resource has only been defined to a depth of 250 feet. Further exploration is now planned to follow up on these new, deeper targets, with several more diamond drill holes to be drilled both at depth and along trend of the Bonanza Ledge deposit.
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Estimated Project Start Date
Exploration is ongoing
Barkerville Gold Mines Ltd.