Resource World Magazine

Resource World - April/May 2014 - Vol 12 Iss 3

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34 www.resourceworld.com A P R I L / M A Y 2 0 1 4 addition of Hackett North, Alix now controls 89.5 km 2 in the Sheslay Valley where explo- ration programs are planned for this field season. Other companies exploring in the Sheslay area include Teck Resources Ltd. [TCK.B- TSX; TCK-NYSE] with its 600 km 2 Eagle Project to the south, as well as Ashburton Ventures Inc. [ABR-TSXV; ARB-FSE], Victory Ventures Inc. [VVN-TSXV; VV0- FSE] and Romios Gold Resources Inc. [RG-TSXV] with 6,200 ha. Privately-held KALT Industries Ltd. has assembled one of the largest land positions in the Sheslay district with 240 km 2 as of the end of March. OTHER DEVELOPMENTS Ascot Resources Ltd. [AOT-TSXV] reports that an updated independent NI 43-101 compliant resource estimate on the com- pany's 100%-optioned Premier-Dilworth gold-silver project located near Stewart, northwest BC. Highlights include New re- source estimates, covering the Big Missouri, Martha Ellen and Dilworth areas, within optimized pit shells, at a cut-off grade of 0.3 g/t gold equivalent (AuEq) stand at 2.83 million oz AuEq grading 0.94 g/t AuEq in the indicated category and 1,804,000 oz AuEq grading 0.71 g/t AuEq in the inferred category. Indicated resources at Big Mis- souri are 2,007,000 oz AuEq grading 1.01 g/t AuEq. Indicated resources at Martha El- len are 354,000 oz AuEq grading 1.32 g/t AuEq. Banks Island Gold Ltd. [BOZ-TSXV] is in the bulk sampling and pilot mining stage at its Yellow Giant gold project on Banks Island, off the coast of northwest BC. The company recently received a provisional payment of about CDN $615,000 for the first shipment of gold concentrate from a bulk sample on the Bob Zone. Barkerville Gold Mines Ltd. [BGM- TSXV] reports that recent drilling on Cow Mountain near Wells, central BC, returned 2.1 metres of 160 g/t gold (4.668 oz/ton) be - tween 45.4 and 47.5 metres. Hole CM11-83 cut 12.2 metres of 9.46 g/t gold, including 9.1 metres of 12.49 g/t gold, including 6.1 metres of 18.11 g/t gold. The company is working on an updated NI 43-101 resource estimate. The company has started up its QR mill near Quesnel to process ore from its QR and Bonanza Ledge mines. Mining operations recently com - menced at Bonanza Ledge where a produc- tion rate of 75,000 tonnes or ore are estimat- ed to be extracted annually grading about 9 g/t gold. BCGold Corp. [BCG-TSXV; BCGOF-OTC] is planning a diamond drill program tar- geting what is believed to be the intrusive source of high-grade, epithermal, gold min- eralization at the company's Engineer Mine property in the Atlin gold mining district of far northern BC. The company also plans to conduct a step-out soil geochemical survey along the 8 km plus of prospective shear zone structures on the property. Bralorne Gold Mines Ltd. [BPM-TSXV; BPMSF-OTCQX; GV7-FSE] is conducting exploration and development work at their Bralorne gold mine property 50 km north of Pemberton with the goal of achieving a sustainable operation with increased gold production. In January, 403.7 oz gold was MINING

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