Gold deposit confirmed at Blackwater

The Blackwater Gold Project was given a positive boost last week with the release of its first independent resource estimation.

The Blackwater Gold Project was given a positive boost last week with the release of its first independent resource estimation.

The project is located 100 kilometres south of Vanderhoof and is currently being explored for gold, by junior mining company Richfield Ventures.

An independent estimation, officially known as a National Instrument 43-101 (NI 43-101) compliance, is a federal scheme used for the public disclosure of information about mineral properties in Canada.

“It’s basically separate individuals other than our company saying there’s a deposit there,” said Peter Bernier, president of Richfield Ventures.

Bernier says the estimation is very exciting for the project and it could see a mine up and running at the site in the next three to four years.

“It’s really good news because it shows the world now that we do have a significant deposit here with plenty of room to grow,” he said.

The resource estimation, which was carried out by Geosim Services Inc. of Vancouver, was primarily based on the south side of the claim, and Bernier says there is still more drilling to be carried out on the northside of the project. That part of the land is partially owned by Silverquest Resources.

“By no means is this the extent of it because we’re still drilling … we haven’t got to the edges of this thing yet…we’re still looking to build the resource up on the north side,” said Bernier.

This month, Richfield will be adding a third drill to the program and moving the majority of drilling to the northside of the project.

The new drill will also require the hiring of another crew.

“It’s likely we’re going to add another eight people to the camp by the end of the month,” said Bernier, who already has approximately 35 people working out of a 40-man camp out at the claim that is accessed by Kluskus Road.

A preliminary economic assessment is also in progress and is expected to be completed by the end of October.

“We’ve got the engineers in place and the environmentalists… and we’re negotiating with the native bands and moving forward,” said Bernier.

Several major mining companies have got their eye on the project. Bernier estimates one of them buying it out in the next couple of years.

“They’re all watching us very closely and obviously trying to get a sense of the value of it themselves so we’re just going to keep digging away,” said Bernier.

“We’ve been very fortunate with our drill holes and we have to keep up with it,” he said.

“You can’t slow down when you’ve got this momentum – you just have to keep going.”

All drilling permits at the project have to be approved by First Nations and at present they have permits approved until December 2012.

The positive estimation comes as Taseko Mines wait with bated breath for a decision on a revised proposal for the Prosperity mine in Williams Lake.

 

 

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Comments are closed

Just Posted

Youth voyageur canoeing program being developed in Vanderhoof

New Caledonia Paddlers Club are collaborating with SD91 and NVSS to develop the program.

COVID-19: 23 non-profits funded in northern B.C. through emergency support fund

Both Vanderhoof and Fraser Lake have received funding through United Way’s first round of allocations.

Vanderhoof man dead following two-vehicle collision on Canada Day

The incident occured on Highway 97C near Barnes Lake Road in Ashcroft.

Police investigate July 2 homicide in Houston

Man succumbed to injuries at Pearson Road residence

Homicide investigation underway in Prince George

A 26-year-old woman has died as a result of stabbing.

VIDEO: Musqueam Chief captures captivating footage of bald eagle catching meal

‘This is why we have chosen to live here since time immemorial,’ Chief Wayne Sparrow’s nephew says

Police ramp up efforts to get impaired drivers off B.C. roads this summer

July is dedicated to the Summer CounterAttack Impaired Driving Campaign

Migrant workers stage multi-city action for full status amid COVID-19 risks

‘COVID-19 has exacerbated an existing crisis’

Okanagan school drops ‘Rebels’ sports team name, citing links with U.S. Civil War

Name and formerly-used images “fly in the face” of the district’s human rights policy, says board chair

PHOTOS: B.C.’s top doc picks up personalized Fluevog shoes, tours mural exhibition

Murals of Gratitude exhibit includes at least one portrait of Henry alongside paintings of health-care workers

In troubled times: Independence Day in a land of confusion

Buffeted by invisible forces and just plain worn out, the United States of America celebrates its 244th birthday

Stop enforcing sex work laws during COVID-19, advocates say

There are provisions in Canada’s prostitution laws that make workers immune from prosecution, but not from arrest

Liberal party finished 2019 having spent $43 million, raised $42 million

All political parties had until midnight June 30 to submit their financial reports for last year

B.C. teacher loses licence after sexual relationships with two recently-graduated students

The teacher won’t be allowed to apply for a teaching certificate until 2035

Most Read