Cariboo Gold underground mine was originally part of the Barkerville Gold district.
Osisko Development has released a feasibility study for its Cariboo gold project in British Columbia. Credit: Osisko Development
Although the estimates have varied, the Mining Association of BC said in a submission to the EAO that the project could result in capital expenditures of C$800 million, and 600 jobs created during construction. The Cariboo Gold project grew out of Barkerville Gold – a promising gold mine district that was bungled when Barkerville Gold founder Frank Callaghan was found by the BC Securities Commission to have exaggerated resource estimates for Barkerville’s Cow Mountain property.
But there’s been no real active mining in Wells since 1967, when the Cariboo Gold Quartz mine shut down. It is now just a quiet, little town filled with artists and which benefits from a spillover of tourists on their way to nearby tourist attractions – Barkerville and Bowron Lakes provincial park. One of the biggest concerns appears to be an “enormous eyesore” in the form of a concentrator mill that would be built on the edge of town.
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