Company History
Barkerville Gold Mines Ltd. (TSX.V -BGM) is a Canadian public company based in Vancouver, B.C. The company was incorporated in February 1970 pursuant to the B.C. Company Act. Operations commenced in 1971, and since that time the company has concentrated on the exploration of past-producing gold properties.In October 1994, management entered into an agreement to earn a 50% interest in the Cariboo Gold Quartz Property (CGQ), a former underground gold mine (1933-1959), located in the historic Barkerville Camp in the Cariboo Mountains in East -Central British Columbia. The property is comprised of 64 crown-granted mineral claims located northwest of the historic town of Barkerville. BGM assumed the role of Operator and began exploration in May 1995.
With encouraging results from its exploration work, BGM has maintained its focus on the Barkerville Camp. The Company entered into a subsequent agreement in 1999 to acquire the remaining 50% of the CGQ property and 100% of the adjacent, past-producing Island Mountain -Aurum (1934 -1967) and Mosquito Creek (1979 -1987) Mines, (comprised of 34 and 29 contiguous crown-granted mineral claims respectively). BGM has acquired additional mineral claims and now controls over 100,000 hectares of prospective land. The discovery, in 2000, of the Bonanza Ledge gold property highlighted the mineral potential of significant areas of the mineral tenure that are proximal to past gold producing properties yet remain largely unexplored.
In February 2009, the Company entered into a non-binding agreement in principle with Cross Lake Minerals to acquire a subsidiary of Cross Lake's, which held all of Cross Lake Minerals interests in the QR Mine & Mill. This acquisition was concluded in February 2010 and BGM has recommenced mining operations at QR.