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.

 

 

Just Posted

First ever BCMML outdoor game ends in tie

Cariboo Cougars tied 2-2 with the Vancouver NE Chiefs

Vanderhoof has a new CAO

Lori Egli is the new CAO for the District and is looking forward to working with the community

Vanderhoof Salvation Army raises over $20,000

The thrift store is thankful to the community for all the support they have received

Photos: Archery tournament attracts people of all ages

The Nechako Valley Archers organized an indoor 3D archery tournament

Vanderhoof Aquatic Pool opening in a week

District believes the pool will increase recreation and rehabilitation opportunities

UPDATE: B.C. legislature managers accused of excessive travel, expenses

Speaker Darryl Plecas’ report details ‘flagrant overspending’

Parole granted for drunk driver who killed B.C. RCMP officer

Kenneth Jacob Fenton will be able to attend alcohol abuse treatment, nearly three years after crash that killed Const. Sarah Beckett

Anti-pipeline group wants NEB to consider impact of emissions, climate change

Stand.earth filed NEB motion asking to apply same standard to the project as it did with Energy East pipeline

B.C. man charged in 2014 snake venom death of toddler

Henry Thomas was taking care of the North Vancouver girl the day before she died

B.C.’s largest public-sector union wants inquiry into money laundering, drugs

Union officials say Premier John Horgan and Attorney General David Eby have not ruled out the possibility of a public inquiry

Teen in confrontation with Native American: I didn’t provoke

Nick Sandmann of Covington Catholic High School said he was trying to defuse the situation

Cariboo man pleads guilty to second degree murder in death of former girlfriend

Michael Martel admits to violent attack on Vesna Dumpstrey-Soos in 100 Mile House

Doug Ford says the Liberals’ carbon tax will plunge Canada into recession

The Ontario premier said there are already warning signs of difficult economic times ahead

Kamala Harris opens U.S. presidential bid in challenge to Trump

The 54-year old portrayed herself as a fighter for justice, decency and equality in a video distributed by her campaign

Most Read