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Gold/Mining/Energy : BGM

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From: howestreetbull1/13/2015 9:42:24 AM
   of 127
 
BGM.v Executive Officer Appointments
V.BGM | 1 hour ago
(via Thenewswire.ca)

Vancouver, British Columbia / TNW-ACCESSWIRE / January 13, 2015 / Barkerville Gold Mines Ltd. (the "Company") is pleased to announce that Greg Gibson has been appointed as the Chairman of the Board of Directors of the Company (the "Board") and that Thomas J. Obradovich has been appointed President and Chief Effective Officer of the Company.

Tom Obradovich has more than 30 years experience in mining exploration, development and financing. He is President and Chief Executive Officer of Canadian Continental Exploration Corp., and he was one of the key individuals behind Aurelian (acquired by Kinross Gold Mines for $1.2 billion in 2008), which discovered the Fruta Del Norte gold deposit in Ecuador. Mr. Obradovich was also the co-founder of Canadian Royalties Inc., which discovered and developed the Raglan south nickel belt. Mr. Obradovich acquired most of the Matachewan gold camp and, through a reverse takeover of Young-Davidson Mines Ltd., upgraded and doubled the resource which was subsequently acquired by Northgate Minerals in 2005. In 2011, Mr. Obradovich was appointed to the board of Dalradian Resources Inc. and he was appointed Chairman in 2012. Dalradian is currently developing the mesothermal high grade Curraghhinalt gold deposit in Northern Ireland.

Greg Gibson, who was appointed to the Board on December 16, 2014, has more than 30 years of mining industry experience in Canada, the USA and Australia. He was President and CEO of Trelawney Mining and Exploration during the discovery and advancement of the Cote Lake South gold deposit near Timmins, Ontario, and the subsequent acquisition of that company by IAMGOLD Corporation in June 2012. Mr. Gibson is most recently CEO of San Gold Corporation and President and CEO of Kerr Mines Inc., a director of Mag Copper Ltd. and a director of SGX Resources. He previously held the position of President and CEO of Northern Gold, which raised $28 million in mid-2012 during tight market conditions. During his career, Mr. Gibson was mine manager at Yilgarn Star Gold Mine in Australia, Copper Mines of Tasmania and the Chester Gold Project in Timmins, Ontario. He has been a contract manager, foreman and miner at various contractor mining companies including JS Redpath and Dynatec Mining Ltd.

The Board sincerely appreciates the prior efforts of each of Dr. Elena Clarici and David McMillan, in their respective roles as interim Chief Executive Officer and President of the Company, in moving the Company positively forward during this time of transition and reorganization.

On Behalf of the Board

"Greg Gibson"
Chairman of the Board

About Barkerville Gold Mines Ltd.

Since the mid-1990s the Company has focused on exploration and development of gold projects in the Cariboo Mining District in central B.C. The Company's mineral tenures cover 1,164 km2 along a strike length of 60 km and approximate width of 20 km, including the Cariboo Gold Project, the Bonanza Ledge Gold Project, the Barkerville Mountain and Island Mountain exploration targets and seven past producing hard rock mines. The QR Property was acquired in February 2010 and includes a 900 tonne/day gold milling facility and a permitted gold mine located approximately 110 km by highway and all-weather road from the Barkerville Gold Camp. In November 2010, the Company acquired a second permitted mill currently on care and maintenance in Revelstoke, B.C. The Company has completed significant drilling and exploration programs and, together with the historical data, is compiling all information to determine the geologic models and updated technical reports to continue with exploration and development of the Cariboo Gold projects.

Cautionary Statement on Forward -Looking Information

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

Copyright (c) 2015 TheNewswire - All rights reserved.

TheNewsWire
January 13, 2015 - 8:00 AM EST
Tags: GOLD
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