PRINCE GEORGE, BC / ACCESSWIRE / February 12, 2019 / Barker Minerals Ltd. ("BML" on TSX/V) Barker Minerals Ltd. is dedicated to the business of mineral exploration and has been pursuing various strategies to create value for shareholders. Barker's management appreciates the ongoing support, patience and understanding of loyal shareholders and associates. Management continues to work diligently within its means to advance the business of Barker Minerals and its 100% owned stable of mineral properties with excellent access and infrastructure.
Prospect Generator Activity
In 2018, Barker continued business development through discussions with potential global partners, developed and cultivated important contacts with the mining and investment communities as well as with individual investors.
Barker continues entertaining possible partnerships with entities such as mentioned in the BM-18-241 news release. To date, no agreements have been reached, although discussions are ongoing. Should discussions advance to the Letter of Intent stage, (LOI) it will be reported at that time. Barker continues to search out potential partners and invites interested companies to contact it to cultivate a creative deal or partnership on one, or more, of its high potential projects in the world class Cariboo Gold district.
Over the past two decades, Barker has systematically and methodically gathered geological, geochemical and geophysical information over target areas on multiple projects. Through this extensive ongoing grassroots program and initial exploratory drilling, Barker has successfully advanced numerous projects through the exploration stage to the important drill testing stage where partners are now being sought to earn interest in project areas.
Projects now at the exploration drill stage with recommended 43-101 budgets include: the Simlock, Kangaroo, Ace and Mag Gold projects; the Cariboo Zinc/Lead/Silver project and the highly potential Frank Creek Kuroko style copper/zinc/lead/silver/gold VMS project. The Company's Tasse Diamond potential project has accessible targets identified on logging access roads where significant diamond indicator minerals have been identified and reported in previous programs.
Summaries will be forthcoming in subsequent news releases of the above-mentioned projects as the Company moves to create heightened awareness of the potential of the district and its wide variety of mineral deposit types. With the building interest over the recent past in the Cariboo district, it is anticipated that as partnerships and deals are completed, Barker will be looking forward to the future development of this mineral rich region. Barker anticipates the advancement by partners of their projects, other companies exploring and operating in the district and independent academic studies and follow up of successful geological and airborne geophysical surveys completed by Provincial, British Columbia Geological Survey (BCGS) and Federal Government Geological Survey of Canada (GSC).
Cariboo District Activity
As Barker continues to push forward, it is important to take note of the recent results of our neighbors and peers: Barkerville Gold Mines, and Spanish Mountain Gold. Both are actively increasing the amount of gold on their properties through extensive drilling programs. Details on the progress of these projects can be viewed on their prospective websites or SEDAR. Barkerville Gold Mines Ltd. owns "one of the most well-endowed land packages in British Columbia" with their multi-million ounce gold Cariboo Gold Project mineral tenures covering +2,000 square kilometres along a strike length of 67 kilometres.
Barker Minerals shares a common boundary with a number of adjacent projects such as Kangaroo, Rollie, Keithly, Weaver and Simlock Gold project areas. It is believed the trends through Barkerville Gold's properties extends through to Barker's project areas. This conclusion is supported by Barker's work to date and through Government and independent expert studies. The Barkerville gold trends extending south into Barker's projects is further supported by the fact Barker was previously approached a couple of years ago, by Barkerville Gold, to consider selling approximately 80% of Barker's project areas. Terms and conditions could not be agreed upon at the time and no discussions have occurred between the two companies since then.
Barker is pleased to see Barkerville Gold increasing ounces through drilling, generating near-term cash flow, training local work force, and feeding the QR mill that can be accessed by an all-season road which is fueling economic activity and creating awareness of the local area.
Spanish Mountain Gold Ltd., is also in the process of revising the economics of their flagship multi-million ounce gold project. The activities at Spanish Mountain are also very helpful in globally highlighting the opportunities in the Cariboo mining district. Barker's Black Bear project also shares a common boundary with Spanish Mountain.
Barker is finding that recently there is more of a global audience paying attention to the progress of the developments in the historic Cariboo Gold District.
FairShares
There have been recent encouraging developments through efforts of the FairShares movement to create awareness of the fraud and illegal activities carried on in the Canadian marketplace. Please visit Fair Shares website http://fairshares.ca/ to learn more about their petition: "Canadian retail investors are being defrauded." Barker agrees with the petition which highlights aspects of High-Frequency Trading and Failures to Deliver (FTD), also known as Naked Shorting.
Please take the time to sign the petition and pass it on to others who are concerned about creating a transparent trading and settlement system in the marketplace.
https://www.change.org/p/iiroc-combating-hft-s-and-market-manipulation
Barker is grateful to see increased discussion of this controversial, illegal, extremely important, harmful and fraudulent activity. The timing for dealing with this is long past overdue. Barker management is engaging with organizers of FairShares to highlight issues of irregular trading and settlement patterns indicative of "settlement failures" or "delayed settlements".
In fact, Barker encourages the use of the Pro Long System (PLS) by other companies for collection and compilation of trading and settlement data for early detection of irregular trading and settlement patterns indicative of failures. Barker has been down this road before with formal complaints made to IIROC and the Royal Canadian Mounted Police (RCMP) as advised by Dr. Susanne Trimbath and special legal counsel, Wes Christian.
Barker continues to seek to expose and hold those accountable for any illegal and fraudulent activities which have hindered the growth and advancement of Barker.
Susanne Trimbath, Ph.D.
Susanne Trimbath, Ph.D. is CEO and Chief Economist of STP Advisory Services. Dr. Trimbath's credits include appearances on national television and radio programs (CNBC's Power Lunch and NPR's Marketplace) and the Emmy® Award nominated Bloomberg report Phantom Shares. Trimbath's articles appear in the national publications US Banker, The International Economy, The American Enterprise, and The Mergers & Acquisitions Advisor.
Dr. Trimbath is a former operations manager for depository trust and clearing corporations in San Francisco and New York. Since 2003, STP has provided support, primarily in securities litigation, to law firms, investors, companies and regulators.
Dr. Trimbath was formerly Senior Research Economist at the Milken Institute and Senior Advisor on the Russian capital markets project for KPMG. Dr. Trimbath taught at both the University of Southern California's Marshall School of Business and New York University's Department of Economics. She gained 20 years experience in financial services operations at Depository Trust Company in New York, Pacific Depository Trust and Clearing Corporations in San Francisco and the Federal Reserve Bank of San Francisco.
Quote from independent 2014 report, Dr. Trimbath...
"This updated review and expanded statistical analysis on the share price and trading activity in the common stock of Barker Minerals Ltd. shows serious evidence of fails-to-deliver (FTD) or naked-short-selling (NSS) in the publically-traded common stock shares (TSX.V:BML). The evidence specifically identifies broker-dealers who are passing the fails-to-deliver and fails-to receive back and forth among themselves to avoid detection, regulatory reporting and potential tax consequences."
"Barker executive Louis Doyle developed and refined a straight-forward data capture and analysis that can be used to discover which brokers and how many shares on what dates are involved in manipulative activity. Using trade data in combination with settlement reports they are able to methodically cross-reference activity to get to a net position -- which reveals where shares are sold but not delivered (NSS) and subsequently delivered (without matching sell-trades) to disguise the underlying activity. Many of the transactions caught by their reports are similar to the "wash trades" recently revealed in the case of Overstock.com."
Quote Dr. Trimbath...
"Barker Minerals Ltd. has passed the stage where more and further research is necessary. The latest developments and improved methodology and reporting which is called the "Pro Long Strategy" provide solid evidence upon which they can take legal action."
Quote Dr. Trimbath...
"Barker's tracking and reporting efforts provide the information that makes early intervention possible." And also "The sooner this information (Pro-Long Strategy) is presented and incorporated, more public companies will be able to protect themselves. As more companies begin to take action, pressure can be brought to bear on Government and Regulators to remedy this situation."
About James Wesley Christian
Mr Christian will provide legal advice, access to his wide network of professionals when and where required, and work together with management in developing the strategies to move the company forward in the most effective manner to stop these harmful and abusive activities and to hold those participants who are responsible accountable and to determine and recover any significant damages that were caused to the Company as a result of such activities.
Mr Christian's experience with market manipulation and irregular trading activities is vast and impressive, as is the expertise of the professionals that he brings with him as a team. Mr Christian was part of the legal team representing such companies as Overstock.com, Eagletech Technologies and Taser International Inc. in their lawsuit and subsequent settlement with a number of U.S. brokerage firms.
Quotes from Special Counsel Wes Christian
In 2014 Mr. Christian states: "After reviewing the detailed data compiled by Barker executives, it is obvious to me that the stock of Barker has been manipulated and a large amount of stock sold has not been delivered. This is indicative of the systemic problem I believe exists in the US and Canadian markets where the clearing systems are full of IOU's resulting in, in effect counterfeit shares."
Mr. Christian comments: "It is quite apparent to me that the stock of Barker Minerals has continuously and systematically been manipulated to the detriment of the Company. The perpetrators of this manipulation scheme need to be brought to justice."
The scientific and technical information contained in this news release was prepared under the supervision of Rein Turna, B.Sc., P.Geo. the Company's "qualified person" under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
About Barker Minerals
Barker Minerals is advancing exploration on its 100% owned mineral properties in the Cariboo Gold District, one of the most mineralized belts in British Columbia.
Certain statements in this press release may be considered forward-looking information, including those relating to "plans" of the Company. Such information involves known and unknown risks, uncertainties and other factors -- including the availability of funds, the results of financing and exploration activities, the interpretation of drilling results and other geological data, project cost overruns or unanticipated costs and expenses and other risks identified by the Company in its public securities filings -- that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
FOR FURTHER INFORMATION PLEASE CONTACT:
Louis E. Doyle Robert Kuhl
Phone: (250) 613-2692 Phone: (604) 321-0709
[email protected] [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Barker Minerals Ltd.