Barkerville Gold Mines Ltd. (TSXV:BGM) (the
“
Company” or “
Barkerville”) is
pleased to announce additional drilling results from the 2017 Phase
II Island Mountain exploration and infill drilling program at the
Company’s flagship Cariboo Gold Project. The Company is
currently exploring and delineating the Shaft Zone with seven drill
rigs. Detailed drilling results, a drill hole location plan map and
vertical sections are presented at the end of this release. The
exact geometry and hence true width of the mineralized zones cannot
be assuredly concluded at this time therefore core lengths are
reported.
Drilling Highlights
- IM-17-217: 7.28 g/t Au over 12.50 meters
- IM-17-217: 16.67 g/t Au over 5.20 meters
- IM-17-219: 12.40 g/t Au over 7.00 meters
- IM-17-223: 11.15 g/t Au over 7.30 meters
- IM-17-224: 8.71 g/t Au over 3.00 meters
The Company is pleased to report new
mineralization expansion from the ongoing drilling at Island
Mountain. Phase II drillhole IM-17-219 intersected 12.40
g/t Au over 7.00 meters at a vertical depth of 280 meters
from surface. This new intersection is 135 meters down dip from
previously reported hole IM-17-016 that assayed 5.62 g/t Au
over 11.40 meters and 12.27 g/t Au over 7.45
meters. These correlating intercepts are a potential new
vein corridor at Island Mountain.
Additional drill highlights include 7.28
g/t Au over 12.50 meters intersected in IM-17-217 at a
vertical depth of 400 meters from surface, demonstrating wide
corridors of mineralization at depth in the Shaft Zone. Drilling
below 300 vertical meters is widely spaced in this area and
additional drilling is warranted to expand known mineralization at
depth.
Shaft Zone - Corridors
Discussion
The sandstone hosted veining which constitutes
the newly named Alpha, Beta and Gamma Corridors of the Shaft Zone
are manifested as an anastomosing network of high vein density with
an overall sub-vertical dip and northeast strike. Based upon
drilling results to date, estimated horizontal widths of the
corridors are variable and range from 5 to 35 meters. These
corridors, as well as others that are developing in the Shaft and
Valley Zones have been defined from surface to a vertical depth of
600 meters and remain open for expansion to depth and down plunge.
Drillhole spacing in the corridors currently averages 25 meters
between drilling sections with vertical drilling separations
ranging from 20 to 75 meters with hole spacing increasing to depth.
Gold grades are intimately associated with vein-hosted pyrite as
well as pyritic, intensely silicified wall rock haloes in close
proximity to the veins.
Qualified Persons
Exploration activities at the Cariboo Gold
Project are administered on site by the Company’s Exploration
Manager, Maggie Layman, P.Geo. As per National Instrument 43-101
Standards of Disclosure for Mineral Projects, Paul Geddes, P.Geo.
Vice President Exploration, is the Qualified Person for the Company
and has prepared, validated and approved the technical and
scientific content of this news release. The Company strictly
adheres to CIM Best Practices Guidelines in conducting,
documenting, and reporting its exploration activities on the
Cariboo Gold Project.
Quality Assurance – Quality
Control
Once received from the drill and processed, all
drill core samples are sawn in half, labelled and bagged. The
remaining drill core is subsequently stored on site at the
Company’s secure facility in Wells, BC. Numbered security
tags are applied to lab shipments for chain of custody
requirements. The Company inserts quality control (QC)
samples at regular intervals in the sample stream, including blanks
and reference materials with all sample shipments to monitor
laboratory performance. The QAQC program was designed and approved
by Lynda Bloom, P.Geo. of Analytical Solutions Ltd., and is
overseen by the Company’s Qualified Person, Paul Geddes, P.Geo,
Vice President Exploration.
Drill core samples are submitted to ALS
Geochemistry’s analytical facility in North Vancouver, British
Columbia for preparation and analysis. The ALS facility is
accredited to the ISO/IEC 17025 standard for gold assays and all
analytical methods include quality control materials at set
frequencies with established data acceptance criteria. The entire
sample is crushed and 250 grams is pulverized. Analysis for gold is
by 50g fire assay fusion with atomic absorption (AAS) finish with a
lower limit of 0.01 ppm and upper limit of 100 ppm. Samples with
gold assays greater than 100 ppm are re-analyzed using a 1,000g
screen metallic fire assay. A selected number of samples are also
analyzed using a 48 multi-elemental geochemical package by a 4-acid
digestion, followed by Inductively Coupled Plasma Atomic Emission
Spectroscopy (ICP-AES) and Inductively Coupled Plasma Mass
Spectroscopy (ICP-MS).
For further information on Barkerville Gold Mines Ltd. please
contact:
Chris LodderPresident & Chief Executive
Officer155 University Avenue, Suite 1440Toronto, Ontario,
Canadaclodder@barkervillegold.com
About Barkerville Gold Mines Ltd.
The Company is focused on developing its
extensive land package located in the historical Cariboo Mining
District of central British Columbia. Barkerville’s mineral tenures
cover 1,950 square kilometres along a strike length of 67
kilometres which includes several past producing hard rock mines of
the historic Barkerville Gold Mining Camp near the town of Wells,
British Columbia. The QR Project, located approximately 110
kilometres by highway and all weather road from Wells was acquired
by Barkerville in 2010 and boasts a fully permitted 900 tonne/day
gold milling and tailings facility. Test mining of the Bonanza
Ledge open pit was completed in March of 2015 with 91,489 tonnes of
material milled producing 25,464 ounces of gold. The Company has
completed several drilling and exploration programs over the past
20 years and has compiled this data with all historical information
in order develop geologic models which are assisting management in
defining new deposits in the Cariboo Gold Project. An extensive
drill program is currently underway with the goal of delineating
additional high grade gold mineralization.
Cautionary Statement on Forward -Looking
InformationNeither the TSX Venture Exchange (‘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 release. No stock exchange, securities commission
or other regulatory authority has approved or disapproved the
information contained herein. This news release contains
forward-looking information which is not comprised of historical
facts. Forward-looking information involves risks, uncertainties
and other factors that could cause actual events, results,
performance, prospects and opportunities to differ materially from
those expressed or implied by such forward-looking information.
Forward looking information in this news release includes, but is
not limited to, the Company's objectives, goals or future plans,
statements regarding exploration results and exploration plans.
Factors that could cause actual results to differ materially from
such forward-looking information include, but are not limited to,
capital and operating costs varying significantly from estimates,
the preliminary nature of metallurgical test results, delays in
obtaining or failures to obtain required governmental,
environmental or other project approvals, uncertainties relating to
the availability and costs of financing needed in the future,
changes in equity markets, inflation, fluctuations in commodity
prices, delays in the development of projects and the other risks
involved in the mineral exploration and development industry, and
those risks set out in the Company's public documents filed on
SEDAR. Although the Company believes that the assumptions and
factors used in preparing the forward-looking information in this
news release are reasonable, undue reliance should not be placed on
such information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed time frames or at all. The Company disclaims any
intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, other than as required by law.
Table 1: Length weighted gold composites for Shaft Zone
Phase II drillholes:
|
HOLE-ID |
FROM (M) |
TO (M) |
CORE LENGTH (M) |
AU (G/T) |
|
IM-17-195 |
114.20 |
114.85 |
0.65 |
8.87 |
|
IM-17-195 |
170.90 |
174.00 |
3.10 |
17.21 |
|
INCLUDING |
170.90 |
171.40 |
0.50 |
5.60 |
|
AND |
172.30 |
172.80 |
0.50 |
96.60 |
|
IM-17-195 |
186.30 |
187.30 |
1.00 |
14.42 |
|
INCLUDING |
186.80 |
187.30 |
0.50 |
19.05 |
|
IM-17-200 |
102.20 |
103.95 |
1.75 |
42.56 |
|
INCLUDING |
103.10 |
103.95 |
0.85 |
63.70 |
|
IM-17-200 |
131.10 |
133.90 |
2.80 |
12.07 |
|
INCLUDING |
131.10 |
132.40 |
1.30 |
13.70 |
|
IM-17-200 |
206.20 |
208.20 |
2.00 |
9.38 |
|
INCLUDING |
207.50 |
208.20 |
0.70 |
21.60 |
|
IM-17-200 |
237.40 |
239.70 |
2.30 |
21.04 |
|
INCLUDING |
237.40 |
237.90 |
0.50 |
48.90 |
|
AND |
239.20 |
239.70 |
0.50 |
47.80 |
|
IM-17-200 |
243.80 |
244.70 |
0.90 |
13.05 |
|
IM-17-200 |
341.00 |
342.00 |
1.00 |
4.62 |
|
IM-17-200 |
347.70 |
349.00 |
1.30 |
6.82 |
|
IM-17-200 |
389.10 |
390.00 |
0.90 |
4.84 |
|
IM-17-201 |
|
|
|
ASSAYS PENDING |
|
IM-17-204 |
|
|
|
ASSAYS PENDING |
|
IM-17-209 |
|
|
|
ASSAYS PENDING |
|
IM-17-212 |
37.50 |
38.20 |
0.70 |
6.55 |
|
IM-17-212 |
73.50 |
74.00 |
0.50 |
12.80 |
|
IM-17-212 |
104.70 |
105.20 |
0.50 |
51.20 |
|
IM-17-212 |
113.65 |
114.20 |
0.55 |
43.20 |
|
IM-17-212 |
202.40 |
203.00 |
0.60 |
7.14 |
|
IM-17-212 |
440.50 |
441.55 |
1.05 |
17.05 |
|
IM-17-212 |
471.00 |
471.70 |
0.70 |
16.80 |
|
IM-17-212 |
503.05 |
504.30 |
1.25 |
39.60 |
|
IM-17-212 |
673.95 |
674.60 |
0.65 |
8.94 |
|
IM-17-213 |
|
|
|
ASSAYS PENDING |
|
IM-17-215 |
|
|
|
ASSAYS PENDING |
|
IM-17-216 |
|
|
|
ASSAYS PENDING |
|
IM-17-217 |
271.50 |
272.00 |
0.50 |
16.90 |
|
IM-17-217 |
301.00 |
303.85 |
2.85 |
5.31 |
|
INCLUDING |
301.00 |
302.00 |
1.00 |
10.85 |
|
IM-17-217 |
332.75 |
334.50 |
1.75 |
5.65 |
|
INCLUDING |
333.40 |
334.50 |
1.10 |
6.60 |
|
IM-17-217 |
396.20 |
397.00 |
0.80 |
18.15 |
|
IM-17-217 |
522.40 |
523.15 |
0.75 |
5.83 |
|
IM-17-217 |
532.25 |
534.50 |
2.25 |
9.82 |
|
INCLUDING |
532.25 |
533.25 |
1.00 |
20.40 |
|
IM-17-217 |
549.50 |
550.00 |
0.50 |
22.30 |
|
IM-17-217 |
551.65 |
554.00 |
2.35 |
58.11 |
|
INCLUDING |
553.30 |
554.00 |
0.70 |
106.50 |
|
IM-17-217 |
567.00 |
579.50 |
12.50 |
7.28 |
|
INCLUDING |
567.00 |
567.50 |
0.50 |
29.50 |
|
AND |
569.00 |
570.00 |
1.00 |
6.68 |
|
AND |
574.30 |
575.00 |
0.70 |
51.70 |
|
AND |
579.00 |
579.50 |
0.50 |
27.10 |
|
IM-17-217 |
586.30 |
586.80 |
0.50 |
61.40 |
|
IM-17-217 |
589.65 |
590.20 |
0.55 |
4.17 |
|
IM-17-217 |
607.10 |
612.30 |
5.20 |
16.67 |
|
INCLUDING |
607.10 |
608.10 |
1.00 |
39.40 |
|
AND |
610.45 |
611.00 |
0.55 |
10.35 |
|
AND |
611.00 |
612.30 |
1.30 |
31.60 |
|
IM-17-217 |
634.35 |
635.30 |
0.95 |
13.70 |
|
IM-17-217 |
726.20 |
726.80 |
0.60 |
5.20 |
|
IM-17-218 |
|
|
|
ASSAYS PENDING |
|
IM-17-219 |
7.60 |
8.30 |
0.70 |
5.18 |
|
IM-17-219 |
36.00 |
38.25 |
2.25 |
16.07 |
|
INCLUDING |
37.00 |
38.25 |
1.25 |
24.70 |
|
IM-17-219 |
313.35 |
320.35 |
7.00 |
12.40 |
|
INCLUDING |
314.40 |
315.30 |
0.90 |
51.30 |
|
AND |
318.60 |
319.35 |
0.75 |
13.75 |
|
AND |
319.85 |
320.35 |
0.50 |
9.37 |
|
IM-17-220 |
88.80 |
90.10 |
1.30 |
11.37 |
|
IM-17-220 |
148.50 |
150.50 |
2.00 |
4.76 |
|
INCLUDING |
149.50 |
150.50 |
1.00 |
6.71 |
|
IM-17-220 |
152.80 |
154.00 |
1.20 |
5.15 |
|
IM-17-221 |
|
|
|
ASSAYS PENDING |
|
IM-17-222 |
72.90 |
74.40 |
1.50 |
4.53 |
|
IM-17-222 |
194.10 |
194.60 |
0.50 |
4.89 |
|
IM-17-222 |
203.40 |
203.90 |
0.50 |
5.68 |
|
IM-17-223 |
99.40 |
100.00 |
0.60 |
13.95 |
|
IM-17-223 |
155.00 |
156.80 |
1.80 |
7.55 |
|
INCLUDING |
156.10 |
156.80 |
0.70 |
9.33 |
|
IM-17-223 |
165.50 |
167.80 |
2.30 |
11.68 |
|
INCLUDING |
165.50 |
166.30 |
0.80 |
30.40 |
|
IM-17-223 |
189.30 |
190.00 |
0.70 |
5.99 |
|
IM-17-223 |
216.30 |
216.80 |
0.50 |
19.10 |
|
IM-17-223 |
337.50 |
338.00 |
0.50 |
6.60 |
|
IM-17-223 |
339.00 |
339.50 |
0.50 |
6.56 |
|
IM-17-223 |
347.90 |
350.20 |
2.30 |
10.68 |
|
INCLUDING |
349.20 |
350.20 |
1.00 |
12.90 |
|
IM-17-223 |
355.50 |
362.80 |
7.30 |
11.15 |
|
INCLUDING |
355.50 |
356.25 |
0.75 |
13.00 |
|
AND |
357.50 |
358.10 |
0.60 |
61.60 |
|
AND |
361.30 |
362.80 |
1.50 |
20.30 |
|
IM-17-223 |
374.35 |
376.00 |
1.65 |
6.30 |
|
INCLUDING |
374.35 |
375.00 |
0.65 |
11.40 |
|
IM-17-223 |
413.00 |
415.35 |
2.35 |
11.76 |
|
INCLUDING |
414.50 |
415.35 |
0.85 |
23.30 |
|
IM-17-224 |
17.20 |
18.70 |
1.50 |
7.07 |
|
INCLUDING |
17.20 |
18.00 |
0.80 |
8.02 |
|
IM-17-224 |
38.50 |
41.50 |
3.00 |
8.71 |
|
INCLUDING |
40.00 |
41.00 |
1.00 |
11.00 |
|
AND |
41.00 |
41.50 |
0.50 |
23.90 |
|
IM-17-224 |
108.70 |
111.00 |
2.30 |
20.64 |
|
IM-17-224 |
108.70 |
109.20 |
0.50 |
58.80 |
|
IM-17-224 |
122.50 |
123.20 |
0.70 |
14.40 |
|
IM-17-224 |
167.15 |
167.90 |
0.75 |
6.49 |
|
IM-17-224 |
198.00 |
199.50 |
1.50 |
14.10 |
|
IM-17-224 |
295.00 |
297.00 |
2.00 |
4.85 |
|
INCLUDING |
295.00 |
296.00 |
1.00 |
5.95 |
|
IM-17-224 |
465.50 |
466.55 |
1.05 |
43.50 |
True widths cannot be accurately determined from the
information available therefore core lengths are reported.
Intervals not recovered by drilling were assigned zero grade. Top
cuts have not been applied to high grade assays.
Table 2: Drillhole Collar
Orientations:
|
HOLE-ID |
AZIMUTH |
DIP |
|
IM-17-195 |
137.60 |
-46.20 |
|
IM-17-200 |
138.40 |
-44.40 |
|
IM-17-212 |
133.70 |
-45.00 |
|
IM-17-217 |
138.10 |
-43.30 |
|
IM-17-219 |
142.10 |
-65.90 |
|
IM-17-220 |
140.00 |
-54.00 |
|
IM-17-222 |
136.90 |
-64.50 |
|
IM-17-223 |
137.70 |
-44.80 |
|
IM-17-224 |
136.90 |
-64.90 |
Photos accompanying this announcement are available
athttp://www.globenewswire.com/NewsRoom/AttachmentNg/99baeec1-1709-43d4-a4ee-ea9f13096efc
http://www.globenewswire.com/NewsRoom/AttachmentNg/03be848c-11ac-4b5f-ad41-4239bfdf71dc
http://www.globenewswire.com/NewsRoom/AttachmentNg/af18d969-ad7a-4c2a-811a-663412e631f0
Barkerville Gold Mines (TSXV:BGM)
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から 3 2024 まで 3 2025
