The BC Securities Commission (BCSC) has cease traded Barkerville Gold Mines Ltd. for its failure to file a completed technical report supporting the company’s disclosure of a massive gold resource at its Cow Mountain deposit.
Yesterday, the company was granted a trading halt “pending news.”
In late June, the company announced an indicated resource of 10.6 million ounces of high-grade gold in late June – a revelation that has been met with skepticism from the market and regulators, who have since been clamoring to see the methodologies behind the estimate.The BCSC’s order came down yesterday, following the company’s granted request for a trading halt. According to the BCSC, after the order is revoked, Barkerville’s shares will remain suspended until the company meets Toronto Venture Exchange requirements.
