Cactus
13 years ago
NEWS!!
Prince George-based Barker Minerals Ltd. said Friday it has completed an agreement to purchase the Spanish Creek Property mineral claim near Williams Lake.
The company said in a press release it has closed a deal to purchase the 325-hectare site from two "arm's length vendors" for $10,000 with and $2,000 payable at closing and additional payments of $2,000 per month for four months to follow.
Barker Minerals also issued 200,000 common shares at seven cents per share.
The property will be subject to a one-per-cent net smelter return royalty held in favor of the vendors which can be repurchased by the Company for $1 million within five years of the date of closing.
The claim is described as 325 hectares, with vein-gold type drill targets and "excellent access and infrastructure nearby." It's located 70 kilometres east of Williams Lake and 20 kilometres from Likely in the Cariboo Mining District.
The acquisition was first announced in mid-November but was subject to certain conditions including TSX Venture Exchange approval.
NYBob
15 years ago
Barker Minerals Stakes Additional Claims on Gold Project in Historical Placer Gold Region
Fri Jul 31, 9:00 AM
http://ca.news.finance.yahoo.com/s/31072009/41/f-filing-services-barker-minerals-stakes-additional-claims-gold-project-historical-placer.html
Prince George, British Columbia CANADA, July 31, 2009 /FSC/ - Barker Minerals Ltd. (BML - TSX Venture), (the "Company") reports that it has recently increased the property size of its Simlock Gold project in the Cariboo Lake area of the Cariboo Mining District in British Columbia by 878 hectares bringing the total area of the 100% owned Simlock Property to 2069 hectares. The new claims cover the possible extension of gold mineralization identified from past programs and which is supported by the fact that along strike in the newly staked Three Creek drainage. Government heavy mineral samples assayed 720 ppb (.72 grams/ton) Gold in the fine fraction and 3200 ppb (3.2 grams/ton) Gold in the coarse fraction from the streams sediment samples.
Access and infrastructure to the Simlock gold project is excellent, with past logging activities having taken place in the project area creating road access, and electrical power is present to the small historical placer gold community of Keithly Creek 12 kms to the south. The Harveys and Simlock Creek area is well known for its historical placer gold production.
High grade gold potential has been identified on the Simlock Project by previous exploration programs which includes a 4.1 metre wide silicified zone averaging 1.18 oz/ton gold, 1.67 oz/ton silver and 0.81% lead in phyllites, which also includes 2.28 oz/ton gold over 1.6 metres; a 25 cm chip sample of a quartz vein which had 1.09 oz/ton gold; two rock samples from in the Pit Zone had 4.57 ppm gold (0.13 oz/ton) in a grab over 30 cm and 10.06 ppm gold (0.29 oz/ton) in a 50 cm chip sample. A gold in soil anomaly was also identified along the favourable strike of the bedrock mineralization for a distance of 1.5 km in a mostly overburden covered area.
The Simlock Gold Project is on strike with Barker's Ace intrusion related gold project 5 km to the southeast which has similarities to the Pogo deposit in Alaska. Barker's Ace and Simlock projects are located in the Barkerville Terrane which correlates with the Yukon-Tanana Terrane in Alaska that hosts the Pogo deposit and in the Yukon where it hosts the recent Underworld Resources Inc. gold discovery.
Kangaroo 43-101 Technical Report filed on SEDAR A 43-101 report by Qualified Person (QP), Rein Turna P. Geo., "Technical Report on the Kangaroo Project" was recently filed on SEDAR. The report has two phases of recommendations totalling $5.3 million and includes 16,000 metres of drilling which is contingent on the success of the recommended first phase. The size and timing of the recommended programs to be undertaken will be determined by the amount of funds available to the company to advance the project at the time.
Webinar Presentations Barker Minerals is pleased to invite interested parties to a free Webinar presentation titled: "Modern Exploration in a Historic Placer Gold District". The date and time is 7:00 PM Pacific time on Wednesday August 5, 2009. To attend, please click on the link provided below to register. The presentation can be viewed and heard over the internet with either an internal microphone and speaker system, or a headset which can be plugged into the USB port of most computers. https://www2.gotomeeting.com/register/472485274
VMS Deposits in British Columbia and Canada The July 22, 2009, VMS presentation has been posted on the Company's website and can be viewed by clicking on the following link. VMS Deposits in BC and Canada - July 22, 2009 http://www.barkerminerals.com/webinars/July_22_VMS_Webinar.wmv
For more information on Barker Minerals' properties please visit: www.barkerminerals.com
The scientific and technical information contained in this news release was prepared under the supervision of Rein Turna, B.Sc., P.Geo. the Company's "qualified person" under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Barker Minerals is advancing exploration on its mineral properties in the Cariboo Gold District, one of the most mineralized belts in British Columbia. The Company has 22 projects on its exploration properties, all of which are 100% owned by Barker Minerals. Eight projects have drill-ready gold and/or massive sulphide targets with permits in place for 4 projects with planned programs for 2009 as financing conditions permit. Programs are also planned to further the significant discoveries of mineralization on the Company's Frank Creek VMS and Kangaroo Gold projects.
Certain statements in this press release may be considered forward-looking information, including those relating to "plans" of the Company. Such information involves known and unknown risks, uncertainties and other factors -- including the availability of funds, the results of financing and exploration activities, the interpretation of drilling results and other geological data, project cost overruns or unanticipated costs and expenses and other risks identified by the Company in its public securities filings -- that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
FOR FURTHER INFORMATION PLEASE CONTACT:
Louis E. Doyle, President & CEO Robert H. Kuhl Barker Minerals Ltd. Barker Minerals Ltd. Tel: (250) 563-8752 Tel: (604) 321-0709 Fax: (250) 563-8751 Fax: (604) 321-0719 barker@telus.net bmls@shaw.ca www.barkerminerals.com
Neither 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.
BM-09-144
Source: Barker Minerals Ltd. (BML - TSX-V) Maximum News Dissemination by Filing Services Canada Inc. * www.usetdas.com
NYBob
16 years ago
Barker Minerals Ltd (Tier2)(TSX:BML)fiat(CAD) $0.04 UP $0.015 (+60.00%)
Bid 0.025
Ask 0.04
Volume 76,000
Day's Range 0.035 - 0.04
Click for Detailed Quote Page
Last Trade:14:07:59 EST Jan-16-09
http://www.investcom.com/moneyshow/gold_cariboo.htm
Btw.
a goldshow in Vancouver, BC -
http://investorshub.advfn.com/boards/board.aspx?board_id=2205
Vancouver Resource Investment Conference
Vancouver, British Columbia, Canada
Sunday-Monday, January 25-26, 2008
http://www.cambridgeconferences.com/ch_jan2009.html
God Bless
NYBob
17 years ago
FRANK CREEK -
Frank Creek Prospect
Location
The Frank Creek prospect is 77 km northeast of Williams Lake, BC, the nearest major supply center. Basic supplies can also be obtained in Likely BC, which contains a small grocery store, gas station, motel, and restaurant. Access to the Frank Creek prospect from Likely is north via logging roads for 20km. Just before Keithley Creek a branch turns eastward and within 0.3 km crosses the Cariboo River. At the road junction just across the river, the left fork is at Km 0 of Weldwood's 8400 Road. This is followed northward for 3 or 5 km to the C- and D-Roads, respectively, which access the Frank Creek prospect. Each of these logging roads is well maintained; however, a few rough sections are the result of recent erosion and lack of maintenance. Because Weldwood is actively logging fir, spruce, and pine trees in the area, access and road maintenance are good.
http://www.barkerminerals.com/s/Properties.asp?PropertyInfoID=629&_Name=FRANK-CREEK&_YMD=20080208231414
NYBob
17 years ago
Eight years ago, Louis Doyle found gold in a drainage outlet along a new logging road. Whether a very astute observation or just luck, Louis with the support of his family and others, has taken this discovery to the verge of possibly finding a very significant mineral deposit. In fact, both Strathcona Minerals and the B.C. Geological Survey have compared this mineralization to other very impressive mineral deposits in B.C.
But it is one thing to do the geology, it is quite another to develop the support necessary to fully evaluate a property. All of the work to-date has been made possible by people that believe in the ability of Louis Doyle. Long before his discovery of gold, while he was selling mutual funds, he started gaining investors respect and confidence. Over the years, his support has grown from the initial handful, to a packed roomful. By sharing with each and every interested person the excitement of the Company's achievements as well as the disappointments along the way, Louis and Barker Minerals continue to build loyal shareholders.
On May 30th 1998, Barker Minerals held one of its shareholder appreciation nights. A drive to succeed, an excellent property ready to be drilled, and a stable of loyal shareholders - that's what makes Barker Minerals different and gives them an edge toward success!
http://www.barkerminerals.com/s/CorporateSummary.asp
NYBob
17 years ago
Barker Minerals Ltd. -
NEWS - VANCOUVER, BRITISH COLUMBIA--
(CCNMatthews - Nov. 1, 2005) -
Barker Minerals Ltd. -
(TSX VENTURE:BML) (the "Company") is pleased to announce that is has entered into an agreement with Research Capital Corporation (the "Agent") pursuant to which the Agent has agreed to act as agent on a commercially reasonable efforts basis to carry out a private placement of up to 3,750,000 Units at a price of $0.20 per Unit, for gross proceeds of up to $750,000.
Each Unit will consist of one common share in the capital of the Company and one-half of a share purchase warrant. Each whole Warrant will entitle the holder to purchase one common share at a price of $0.30 per share in the first year and $0.40 per share in the second year, unless the closing price of the shares on the TSX Venture Exchange is equal to or greater than twice the applicable exercise price for a period of 10 consecutive trading days, in which case the Company may accelerate the expiry date by giving 30 days notice.
On closing, the Agent will receive a cash commission equal to 8% of the gross proceeds (4% in the case of purchasers on the President's List) and an option exercisable into shares equal to 10% of the number of Units sold (5% in the case of purchasers on the President's List) for a period of 18 months from closing at an exercise price of $0.20 per share. The Company will also pay the Agent a corporate finance fee of $20,000 by the issue of 100,000 common shares of the Company at a deemed price of $0.20 per share, plus GST and reasonable expenses.
The Company is also proceeding with its previously announced non-brokered private placement to raise gross proceeds of up to $300,000. Up to 1,500,000 Units are being offered at a price of $0.20 per Unit, each Unit having the same terms as the Units offered in the brokered private placement. The Company may pay finder fees of up to 10% of the gross proceeds and issue warrants to finders of up to 15% of the Units sold in connection with the non-brokered financing.
The Company intends to use the proceeds from the brokered and non-brokered private placements to fund further exploration work on a number of projects, including drilling on its massive sulphide prospect on its Frank Creek property, and for general corporate purposes. All of the securities to be issued in connection with the brokered and non-brokered private placements are subject to a hold period and may not be traded for four months from closing, except as permitted by applicable securities laws and the TSX Venture Exchange.
The Company also reports that its board has authorized the grant of 525,000 common shares of the Company to employees, consultants, management and directors. The options are priced at $0.25 per share and expire on October 17, 2010.
Over the past eleven years Barker Minerals has acquired and advanced exploration on its 283,697 acres of mineral properties in the Cariboo Mining District, which is located along the Cariboo Gold District, one of the most mineralized belts in British Columbia. The company has 18 projects at various stages of the exploration process, with five projects having defined drill-ready gold targets and precious metal bearing, massive sulphide targets on its 100% owned properties. Barker is currently developing exploration programs that are aimed at discovering gold and/or gold/copper mineralization on its Ace, Blackbear, and Kangaroo properties; and precious and base metal massive sulphide mineralization with known stringer zones on its Frank Creek property.
Statements in this release that are not historical facts are "forward-looking statements" that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made. See the Company's documents filed on SEDAR (see www.sedar.com) from time to time for a further discussion of important risks and uncertainties that could cause actual results to differ materially from results referred to in forward-looking statements The Company does not undertake any obligation to update forward-looking statements should conditions or management's estimates or opinions change.
FOR FURTHER INFORMATION PLEASE CONTACT:
Barker Minerals Ltd.
Louis E. Doyle
(604) 530-8752
(604) 530-8751 (FAX)
barker@telus.net
www.barkerminerals.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Source: CCN Matthews (November 1, 2005 - 5:45 PM EST)
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