Barkerville Gold Mines Ltd.

Barkerville Gold Mines Ltd.

September 15, 2010 07:14 ET

Barkerville Pours First Gold Bar-Full Scale Gold Production Achieved

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 15, 2010) - Barkerville Gold Mines Ltd. ("BGM" or "the Company") (TSX VENTURE:BGM)(FRANKFURT:IWUB) announces that Kevin McMurren, QR Mine Manager has reported to the Board of Directors that the Company's first gold dore bar was poured last week on September 8th weighing 314.1 troy ounces (9.77 kg) and that continuous, full gold production has now been achieved at the QR Mine & Mill in central British Columbia.

The next gold dore bar, approximately 500 oz, is planned to be poured tomorrow, Thursday, September 16th, with the Company planning to pour gold dore every 5-6 days and on this basis is looking to produce 50,000 ounces of gold in its first year of production.

The QR Mill will be initially run at a 600-tonne per day rate, ramping up to capacity over the next several months. The QR Mill is currently being fed with ore from the newly developed "915" stope. Orica's i-Kon digital blasting system was used to ensure successful initial production blasts opening the stope, resulting in minimal dilution.

Pre-production mine development continues towards the west side of the West Zone. This ore is the down dip extension of the North Lobe Pit. It is expected that this development to be in North Lobe ore within the week. Surface definition drilling has recently been completed in this area. An underground diamond drill will be in later this week to complete the definition drilling of this ore zone to finalize planning of the North Lobe production stopes.

The surface diamond drill is continuing exploration in a separate area at QR, the North Zone, located approximately 265 to 300 metres below the QR Mill. The North Zone is drill indicated to be the largest mineralized zone at QR and is the next zone slated for development and mining.

To view pictures of the Company's first gold pour, please visit the following page on the Company's corporate website:

About Barkerville Gold Mines Ltd.

The Company has been developing its Cariboo Gold Project in Barkerville, B.C., which encompasses (from northwest to south east) the former producing Hardscrabble Tungsten Mine, Mosquito Creek Gold Mine (now on care and maintenance), Aurum Mine, Island Mountain Mine, Cariboo Gold Quartz Mine, Bonanza Ledge (proposed mine), the Cariboo Thompson Gold & Silver Mine and the Cariboo Hudson Mine. The Company commenced operations in the Cariboo District in 1994 and since that time has focused on the exploration and development of its gold properties. Mineral tenures in the Historic Cariboo Goldfields encompass approximately 1,112 square km (112,484 hectares) over a 60 km long by 20 km wide belt. In the Barkerville Gold Camp, 101 creeks have reported placer gold production. Recorded gold production from the area totals more than 3.8 million ounces, including an estimated 2.64 million ounces from placer mining and 1.23 million ounces from lode mining. On February 2, 2010, the Company reported that it closed the acquisition of the QR Mine, Mill and its associated assets and began gold mining operations at the QR Mine.

On Behalf of the Board of Directors

J. Frank Callaghan, President

This news release contains forward-looking statements regarding the timing and content of upcoming programs. Actual results may differ materially from those currently anticipated in such statements. The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Barkerville Gold Mines Ltd.
    J. Frank Callaghan
    604 669-6463 or Toll Free: 1-800 663-9688
    604 669-3041 (FAX)