Barkerville Announces Appointment of Kevin McMurren as Mine Manager
VANCOUVER, BRITISH COLUMBIA, Aug 20, 2012 (Menafn - MARKETWIRE via COMTEX) --Barkerville Gold Mines Ltd. (frankfurt:IWUB)("Barkerville", the "Company") is pleased to announce that Mr. KevinL. McMurren has rejoined Barkerville as Mine Manager, havingpreviously served as Mine Manager at the Company's QR Mine and Millbetween 2010 and 2011. Mr. McMurren will be on site overseeing all ofthe mining operations at the QR Mine and the Bonanza Ledge Mine. Hehas over 30 years of mining operations experience, most recently asUnderground Mines Manager for Avion Gold Corporation in Mali, Africawhere he was part of a team that brought two underground gold minesinto production and started the development of a third new mine. From2005 through 2009 he was Mine Manager during pre-productiondevelopment for New Gold Inc.'s New Afton Project, an 11,000-tpd,block cave, copper-gold project near Kamloops, BC. Prior to this, Mr.McMurren held senior technical and supervisory positions with anemphasis on the start up of mining operations. Projects haveincluded: the Billiton Mount Pleasant Tungsten Mine and the LACMinerals -- Billiton Tin Project in New Brunswick, Noranda's GoldenGiant Mine in Ontario, Canmine Resources' Werner Lake Cobalt Projectin Ontario and the Maskwa Nickel Project in Manitoba, and the CabotCorporation's Tanco Mine, also in Manitoba. Mr. McMurren started hismining career at Sherritt Gordon Mines' Fox Lake Mine in Manitoba in1978.
Frank Callaghan, CEO of Barkerville, commented, "We are pleased towelcome Kevin back to the Barkerville team. His experience anddedication to his field are an asset to the Company and we lookforward to working with him again."
About Barkerville Gold Mines Ltd.
Since the mid-1990s the Company has focused on exploration anddevelopment of gold projects in the Cariboo Mining District incentral B.C. The Company's mineral tenures now cover over 117,691.14hectares, encompassing seven past producing hard rock mines and threeNI 43-101 gold deposits, including the QR Mine & Mill. The QRProperty was acquired in February 2010 and includes a 900 tonne/daygold milling facility and a permitted gold mine located approximately110 kilometers by highway and all-weather road from the BarkervilleGold Camp. Mining operations commenced at QR in the first quarter offiscal 2011 and the Company began pouring dore gold in September 2010and continued until December 2011. In November 2010 the Companyacquired a second permitted mill currently on care and maintenance inRevelstoke, B.C. for relocation to the Barkerville Gold Camp nearWells, B.C. and upgrade to a 3,000-tonne/day facility subject to allnecessary government approvals. In November 2010 the Company and theLhtako Dene First Nation also signed a Project Agreement in relationto its Bonanza Ledge and Cariboo Gold Projects. The Company hascompleted significant drilling and exploration programs and togetherwith the historical data is compiling all information to determinegeologic models and updated technical reports to continue withexploration and development of the Cariboo Gold projects.
This news release has been prepared on behalf of the Board ofDirectors which takes full responsibility for its contents.
J. Frank Callaghan, President and CEO
Certain information in this news release is forward-looking withinthe meaning of certain securities laws, and is subject to importantrisks, uncertainties and assumptions. This forward-lookinginformation includes, among other things, information with respect tothe Company's beliefs, plans, expectations, anticipations, estimatesand intentions, including the listing and trading of the Company'scommon shares on the TSX Venture Exchange. The words "may", "could","should", "would", "suspect", "outlook", "believe", "anticipate","estimate", "expect", "intend", "plan", "target" and similar wordsand expressions are used to identify forward-looking information. Theforward-looking information in this news release describes theCompany's expectations as of the date of this news release.
The results or events anticipated or predicted in suchforward-looking information may differ materially from actual resultsor events. Material factors which could cause actual results orevents to differ materially from such forward- looking informationinclude, among others, the Company's ability to engage and retainqualified key personnel, employees and affiliates, to obtain capitaland credit and to protect its property rights.
The Company cautions that the foregoing list of material factors isnot exhaustive. When relying on the Company's forward-lookinginformation to make decisions, investors and others should carefullyconsider the foregoing factors and other uncertainties and potentialevents. The Company has assumed a certain progression, which may notbe realized. It has also assumed that the material factors referredto in the previous paragraph will not cause such forward-lookinginformation to differ materially from actual results or events.However, the list of these factors is not exhaustive and is subjectto change and there can be no assurance that such assumptions willreflect the actual outcome of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASEREPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THISNEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE.READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKINGINFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHERDATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATETHIS INFORMATION AT ANY PARTICULAR TIME.
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.
Barkerville Gold Mines Ltd.
J. Frank Callaghan
President and CEO
604 669-6463 or Toll Free: 1-800 663-9688
604 669-3041 (FAX)
SOURCE: Barkerville Gold Mines Ltd.
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