Fri Jul 31, 9:00 AM
http://ca.news.finance.yahoo.com/s/31072009/41/f-filing-services-barker-minerals-stakes-additional-claims-gold-project-historical-placer.html
Prince George, British Columbia CANADA, July 31, 2009 /FSC/ - Barker Minerals Ltd. (BML - TSX Venture), (the "Company") reports that it has recently increased the property size of its Simlock Gold project in the Cariboo Lake area of the Cariboo Mining District in British Columbia by 878 hectares bringing the total area of the 100% owned Simlock Property to 2069 hectares. The new claims cover the possible extension of gold mineralization identified from past programs and which is supported by the fact that along strike in the newly staked Three Creek drainage. Government heavy mineral samples assayed 720 ppb (.72 grams/ton) Gold in the fine fraction and 3200 ppb (3.2 grams/ton) Gold in the coarse fraction from the streams sediment samples.
Access and infrastructure to the Simlock gold project is excellent, with past logging activities having taken place in the project area creating road access, and electrical power is present to the small historical placer gold community of Keithly Creek 12 kms to the south. The Harveys and Simlock Creek area is well known for its historical placer gold production.
High grade gold potential has been identified on the Simlock Project by previous exploration programs which includes a 4.1 metre wide silicified zone averaging 1.18 oz/ton gold, 1.67 oz/ton silver and 0.81% lead in phyllites, which also includes 2.28 oz/ton gold over 1.6 metres; a 25 cm chip sample of a quartz vein which had 1.09 oz/ton gold; two rock samples from in the Pit Zone had 4.57 ppm gold (0.13 oz/ton) in a grab over 30 cm and 10.06 ppm gold (0.29 oz/ton) in a 50 cm chip sample. A gold in soil anomaly was also identified along the favourable strike of the bedrock mineralization for a distance of 1.5 km in a mostly overburden covered area.
The Simlock Gold Project is on strike with Barker's Ace intrusion related gold project 5 km to the southeast which has similarities to the Pogo deposit in Alaska. Barker's Ace and Simlock projects are located in the Barkerville Terrane which correlates with the Yukon-Tanana Terrane in Alaska that hosts the Pogo deposit and in the Yukon where it hosts the recent Underworld Resources Inc. gold discovery.
Kangaroo 43-101 Technical Report filed on SEDAR A 43-101 report by Qualified Person (QP), Rein Turna P. Geo., "Technical Report on the Kangaroo Project" was recently filed on SEDAR. The report has two phases of recommendations totalling $5.3 million and includes 16,000 metres of drilling which is contingent on the success of the recommended first phase. The size and timing of the recommended programs to be undertaken will be determined by the amount of funds available to the company to advance the project at the time.
Webinar Presentations Barker Minerals is pleased to invite interested parties to a free Webinar presentation titled: "Modern Exploration in a Historic Placer Gold District". The date and time is 7:00 PM Pacific time on Wednesday August 5, 2009. To attend, please click on the link provided below to register. The presentation can be viewed and heard over the internet with either an internal microphone and speaker system, or a headset which can be plugged into the USB port of most computers. https://www2.gotomeeting.com/register/472485274
VMS Deposits in British Columbia and Canada The July 22, 2009, VMS presentation has been posted on the Company's website and can be viewed by clicking on the following link. VMS Deposits in BC and Canada - July 22, 2009 http://www.barkerminerals.com/webinars/July_22_VMS_Webinar.wmv
For more information on Barker Minerals' properties please visit: www.barkerminerals.com
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.
Barker Minerals is advancing exploration on its mineral properties in the Cariboo Gold District, one of the most mineralized belts in British Columbia. The Company has 22 projects on its exploration properties, all of which are 100% owned by Barker Minerals. Eight projects have drill-ready gold and/or massive sulphide targets with permits in place for 4 projects with planned programs for 2009 as financing conditions permit. Programs are also planned to further the significant discoveries of mineralization on the Company's Frank Creek VMS and Kangaroo Gold projects.
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, President & CEO Robert H. Kuhl Barker Minerals Ltd. Barker Minerals Ltd. Tel: (250) 563-8752 Tel: (604) 321-0709 Fax: (250) 563-8751 Fax: (604) 321-0719 barker@telus.net bmls@shaw.ca www.barkerminerals.com
Neither 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.
BM-09-144
Source: Barker Minerals Ltd. (BML - TSX-V) Maximum News Dissemination by Filing Services Canada Inc. * www.usetdas.com
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