The Barkerville prospector-promoter is again staking a claim in a region he helped develop
Frank Callaghan, the colourful and effusive prospector-promoter who assembled B.C.’s Barkerville Gold mine district, is back.
The company’s technical team includes many of the same members who were part of the Barkerville Gold team. So far this year, the company has announced $4.5 million in private placements in support of exploratory work for the Quesnelle Gold Quartz mine. “The grade was a lower grade than you would hope for, but the fact that the system is quite large is mind-blowing.
In 2019, Callaghan agreed to pay a $30,000 fine to the BCSC and was banned for one year from being an officer or director of a publicly traded company, or from engaging in investor relations. The district contains multiple potential gold deposits, including Cow Mountain, which is now being developed by Osisko. With Osisko planning to put Cow Mountain into production sometime early next year, Callaghan said he feels vindicated.He also noted that Osisko has acquired claims around the Quesnelle Gold Quartz mine.
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