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Old 09-15-2010, 07:43 PM   Nav to Top  #1
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Default Barkerville Pours First Gold Bar-Full Scale Gold Production Achieved

VANCOUVER, BRITISH COLUMBIA, Sep. 15, 2010 (Marketwire) -- 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.
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Old 09-20-2010, 01:50 PM   Nav to Top  #2
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Default Barkerville Makes New Gold Discovery

Barkerville Makes New Gold Discovery and Drills 22.6m of 6.93 g/T Gold at Bonanza Ledge
VANCOUVER, BRITISH COLUMBIA, Sep. 20, 2010 (Marketwire) -- Barkerville Gold Mines Ltd. (TSX VENTURE:BGM)(FRANKFURT:IWUB) ("BGM" or "the Company") announces that it has discovered a new gold mineralized zone on Barkerville Mountain, outside of the known Bonanza Ledge gold deposit. Additionally, the Company has drilled a further 22.6m of 6.93 g/t at the Bonanza Ledge deposit.

New Zone

The new zone is located approximately 93 meters beyond the Bonanza Ledge deposit and was discovered by recent trenching. Result highlights include:

-- Trench #1: 38 feet grading 16.8 g/T gold -- Including 30 feet @ 21.2 g/T gold -- Trench #2: 17 feet grading 24.2 g/T -- Including 12 feet @ 33.0 g/T gold -- Trench #3: 17 feet grading 2.92 g/T gold -- Including 9 feet @ 5.10 g/T gold -- Trench #4: 10 feet grading 3.09 g/T gold

The initial controlled length of the new discovery is about 140 feet (42.7 meters), running east - west, with the total width yet to be confirmed. A large fault zone consisting of a fault gouge with fine-grained massive or semi-massive pyrite replacement and quartz-pyrite veins mainly controls this zone.

A large-scale drill program will be conducted at the discovery area as soon as drill permits are approved.

Bonanza Ledge Resource Expansion Drill Results

Further infill drilling results from mine grid southwest of the Bonanza Ledge deposit have also been received and include:

DDH drill hole BC10-10 intercepted:

-- 22.6 m of 6.93 g/T gold (54.6m - 77.3m) -- Including 14.3m of 10.1 g/T gold (54.6m - 68.9m)

Mintec, an independent consulting company of Tucson, AZ, planned the final two DDH infill holes BC10-10 and BC 10-11 at the current Bonanza Ledge resource. Results for BC 10-11 are pending and will be released as soon as the assay certificates are received from the lab.

An expanded resource calculation and pit design for Bonanza Ledge based on this additional drilling conducted between September 2009 and present, after the original resource calculation was published, is forthcoming and will be reported when complete.

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.

The technical information in this News Release has been reviewed and approved by Chief Geologist Jim Yin, PhD, P.Geo, a qualified person as defined in National Instrument 43-101.

On behalf of the Board of Directors

J. Frank Callaghan, President and CEO
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Old 09-23-2010, 03:55 PM   Nav to Top  #3
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Default Recent Bullish Gold Market has World Famous Mine Finder Chuck Fipke

Recent Bullish Gold Market has World Famous Mine Finder Chuck Fipke, turning from Diamonds to Gold.

With gold prices rising once again to new heights, the latest news out of Chuck Fipke's camp has a lot of people excited once again. Could the man that first discovered Canada's Diamonds in the rouged North West Territories be on to a new discovery with the news put out this Friday, September 17th, 2010.

Cheetah Ventures Inc. (CHV.H trading on the TSX.V & CHVFF on the US Pink Sheets) announced Friday that they had signed a Letter of Intent with Chuck Fipke's Cantex Mine Development Corp. in an attempt to develop the companies potential gold mine in the country of Yemen.

Yemen is a country of 23 million people bordering Saudi Arabia, and located approximately 500 miles south west of Dubai. Dubai is one of the fastest growing cities in the world today and offers a major business center to all it's neighbors.

Below is the official release.

Cheetah unit signs LOI for 70% Al Hariqah interest

2010-09-17 19:24 ET - News Release
Mr. Brian Gracey reports

Cheetah Ventures Ltd.'s wholly owned subsidiary, Cheetah-Yemen Holdings Ltd., has entered into a letter of intent with Cantex Mine Development Corp., whereby the company will be granted an option to acquire up to a 70-per-cent interest in certain mineral claims located in Yemen and known as the Al Hariqah project. The company's interest will be earned in stages, but, to earn the full 70-per-cent interest, the company is required to finance exploration expenditures totalling $5-million plus 70 per cent of the costs required to put the project into commercial production. The company is obligated to finance a minimum of $2-million as a firm commitment and will earn a 40-per-cent interest upon expending a total of $4-million and completing a prefeasibility study by March, 2012. It can then earn an additional 10-per-cent interest by expending an additional $1-million toward exploration work and completing a feasibility study by September, 2013, and can earn a final additional 20-per-cent interest by financing 100 per cent of the costs of placing the claims into commercial production. In the event that a mine is developed, Cantex will reimburse the company for 30 per cent of the costs associated with commercial development of the mine from 80 per cent of Cantex's share of mine profits.

The letter of intent and transactions contemplated therein are subject to a number of material conditions, including, inter alia, the negotiation of a definitive agreement, delivery and approval by the company of a compliant National Instrument 43-101 report, and TSX Venture Exchange approval. A finder's fee is payable in connection with the transaction upon final closing.

About the Al Hariaah project

The Al Hariqah project is a large body of gold mineralization discovered by Cantex. To date, Cantex has spent over $10-million mapping, sampling and drilling the Al Hariqah project and has identified two parallel zones of gold mineralization 30 metres to 50 metres wide with a strike length of over four kilometres. Mineralization has been intersected from surface to a depth of 200 metres and remains open at depth.

Within the 30-metre-to-50-metre-wide zones are frequent small pods of high-grade mineralization (up to 200 grams per tonne gold). In many cases, this high-grade mineralization contains visible gold.

To date, 162 drill holes have been drilled on the project, with 45 of these yet to be deepened with core drilling. Examples of notable intersections are presented in the attached table.


Drill hole Intersection From To Gold grade
(m) (m) (m) (g/t)

PDH 18 57 0 57 1.84
PDH 22 7.5 3 10.5 12.15
19.5 28.5 48 2.18
PDH 44 30 7.5 37.5 2.65
7.5 54 61.5 5.78
PDH 47A 6 6 12 1.22
18 24 42 3.67
12 57 69 1.26
PDH 9A 33 3 36 2.53
Including 6 3 9 4.40
And 15 21 36 3.46
RDH 23 1.5 4.5 6 0.30
73.5 9 82.5 2.09
Including 3 9 12 6.95
And 1.5 30 31.5 3.04
And 1.5 43.5 45 4.81
And 1.5 54 55.5 2.41
And 1.5 58.5 60 2.33
And 3 61.5 64.5 4.86
And 6 75 81 9.63
1.5 82.5 84 0.61
4.57 85.53 90.1 1.12
24.38 97.72 122.1 1.10
1.53 134.29 135.82 1.09
7.44 143.44 150.88 1.05
RDH 34 39 24 63 3.01
Including 4.5 28.5 33 3.90
And 4.5 39 43.5 14.51
And 1.5 45 46.5 5.54
1.5 96 97.5 0.30
RDH 43 3 0 3 0.32
3 4.5 7.5 1.14
Including 1.5 4.5 6 1.86
16.5 10.5 27 1.17
Including 3 12 15 1.66
And 3 18 21 2.50
And 1.5 25.5 27 2.66
31.5 34.5 66 1.76
Including 1.5 52.5 54 8.64
And 6 58.5 64.5 4.30
YDH 02 46.5 28.5 75 3.13
YDH 03 81 10.5 91.5 1.11
YDH 10 4.5 3 7.5 1.91
61.5 18 79.5 2.17
4.5 87 91.5 2.5
7.5 106.5 114 1.69
7.5 174 181.5 2.01
4.5 196.5 201 1.35

The reliability of Cantex's historical data is unknown but is considered relevant by the company. The data are non-NI 43-101-compliant and should not be relied upon. It is Camex's intention to complete an NI 43-10l report on the project; however, final results may produce results that differ substantially from the results stated in this news release.

Once drilling on the remaining 45 holes is complete, a prefeasibility study will be undertaken. All of the data presented in this news release have been previously released by Cantex. An NI 43-101 report on the Al Hariqah project is presently being prepared.

Technical portions of this release have been prepared and reviewed by Chad Ulansky, PGeol, a qualified person under NI 43-101. Mr. Ulansky is the president and director of Cantex.
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