Barkerville Gold Mines Receives Permit to Develop British Columbia's Newest Open Pit Gold Mine

Barkerville Gold Mines has received a permit under the Mines Act of British Columbia to develop the Provincwet sand quarry extract plante's newest open pit gold mine at its Bonanza Ledge property near Wells. This followed a 15 month review process by various provincial and federal government agencies.

Approximately 73,000 tonnes of ore per year will be produced at the Bonanza Ledge Mine, for a current mine life of four years, with an average grade of approximately 9.05 grams per metric tonne. The mine design is the culmination of geological exploration, engineering and environmental studies undertaken by the Company in the Barkerville camp since the Bonanza Ledge deposit was discovered in 2000. This work included the extraction of a 10,000 tonne underground bulk sample at Bonanza Ledge in 2004 containing approximately..