Barkerville Gold Mining (fka BGMZF)

[Renee]

BGMZF: Plan of Arrangement. Pursuant to the Agreement, Osisko Gold Royalties Ltd. acquired from the shareholders of Barkerville all of the issued and outstanding common shares of Barkerville that it did not already own for consideration of 0.0357 of a common share of Osisko in respect of each common share of Barkerville held.

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News: $BGMZF Osisko Gold Royalties To Acquire Barkerville Gold Mines

Osisko Gold Royalties To Acquire Barkerville Gold Mines Canada NewsWire MONTRÉAL, Sept. 23, 2019 CREATION OF NORTH SPIRIT DISCOVERY GROUP MONTRÉAL, Sept. 23, 2019 /CNW/ - Osisko Gold Royalties Ltd ("Osisko") (OR: TSX & NYSE) is pleased to announce th...

Read the whole news BGMZF - Osisko Gold Royalties To Acquire Barkerville Gold Mines

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by @newswire on 23 Sep 2019, 03:30
Osisko Gold Royalties To Acquire Barkerville Gold Mines

CREATION OF NORTH SPIRIT DISCOVERY GROUP

MONTRÉAL, Sept. 23, 2019 /CNW/ - Osisko Gold Royalties Ltd ("Osisko") (OR: TSX & NYSE) is pleased to announce that it has entered into a definitive agreement (the "Arrangement Agreement") with Barkerville Gold Mines Ltd. ("Barkerville") (TSXV: BGM), pursuant to which Osisko has agreed to acquire all of the issued and outstanding common shares of Barkerville that it does not currently own, by way of a plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia). Concurrent to the Arrangement, Osisko also announces the formation of the North Spirit Discovery Group, the next step in the evolution of Osisko's accelerator business that Osisko pioneered over the last five years, with the goal of privatizing and surfacing value in resource development projects.

Barkerville Gold Mines (CNW Group/Barkerville Gold Mines Ltd.)

Under the terms of the Arrangement, each shareholder of Barkerville (excluding Osisko) will receive 0.0357 (the "Exchange Ratio") of a common share of Osisko for each share of Barkerville held. The Exchange Ratio implies consideration of C$0.58 per Barkerville share, based on the closing price of Osisko shares on the Toronto Stock Exchange (TSX) on September 20, 2019, representing a 44% premium based on both companies' trailing 20-day volume weighted average price (VWAP) as at September 20, 2019. The Exchange Ratio implies a total equity value of approximately C$338 million on a fully-diluted in the money basis, inclusive of Barkerville shares held by Osisko.

Upon completion of the transaction, current Osisko and Barkerville shareholders will hold approximately 91% and 9% of Osisko shares outstanding, respectively.

Sean Roosen, chair of the board and CEO of Osisko, stated: "The addition of the Cariboo Gold project to our portfolio adds a potentially world-class asset in Canada in an impacted brownfield site with significant infrastructure in place. Osisko and Barkerville will take advantage of their combined mine building, exploration, permitting, development and construction expertise to advance the Cariboo gold project. Osisko expects to fund planned work through available liquidity, future revenue from royalties and streams, project debt as well as outside private equity and joint venture capital through the creation of the North Spirit Discovery Group."

In 2018, Osisko generated $82.2 million in operating cash flow at 89.5% cash margin1 and $46.1 million at 89.5% cash margin in the first six months of 2019. Osisko currently has over $800 million in financial capacity, including a $500 million available revolving credit facility.

Benefits to Barkerville Shareholders:

Immediate and significant premium of 44% based on both companies' 20-day VWAPs;
Continued exposure to the Cariboo project in a broader, more diversified company;
Acceleration and enhancement of development of the Cariboo project by leveraging Osisko's proven technical team;
Certainty of funding through Osisko's strong balance sheet and access to capital to advance the Cariboo project on-schedule;
Direct exposure to a high gold price environment through Osisko's strong and growing cash flows; and
Osisko shares offer substantially greater trading liquidity and an attractive dividend.
Benefits to Osisko Shareholders:

Greater exposure to a unique, high quality advanced development project in Canada with world-class potential;
Allows Osisko to drive the development strategy and provides greater certainty with respect to the timeline to production for the Cariboo project;
Ability to achieve stronger shareholder returns through full ownership and control, as compared to Osisko's current equity position in a Barkerville stand-alone development scenario;
Meaningfully accretive on a net asset value basis for Osisko;
Further enhances Osisko's peer leading growth profile; and
Substantially increases cash flow and net asset value contribution from Canada.
Creation of the North Spirit Discovery Group

Concurrent to the Arrangement, Osisko announces the creation of the North Spirit Discovery Group ("North Spirit Discovery"), its new project development platform. North Spirit Discovery is the next step in the evolution of Osisko's accelerator business that Osisko pioneered over the last five years, with the goal of privatizing and surfacing value in resource development projects. Through this platform, Osisko will leverage its industry-leading technical team with a proven track record of creating value through resource discovery, project development and mine operation. North Spirit Discovery aims to become a leading resource development and finance company with the assistance of joint venture partners and/or private equity capital.

Particulars of the Transaction

Under the terms of the Arrangement Agreement, holders ("Barkerville Shareholders") of the common shares of Barkerville (the "Barkerville Shares") will be entitled to receive 0.0357 of a common share of Osisko (each whole share, an "Osisko Share") in exchange for each Barkerville Share held immediately prior to the effective time of the Arrangement, representing an implied offer price of C$0.58 per Barkerville Share based on Osisko's closing price as of September 20, 2019 on the TSX and a premium of 44% based on both companies' trailing 20-day VWAP as at September 20, 2019 (being the last trading day prior to the announcement of the Arrangement).

The Arrangement will require the approval of Barkerville Shareholders at a special meeting expected to take place in November 2019 (the "Barkerville Meeting"). In order to become effective, the Arrangement must be approved at the Barkerville Meeting by (i) at least 66? percent of the votes cast by Barkerville Shareholders, and (ii) a simple majority of the minority held in accordance with Multilateral Instrument 61-101 – Protection of Minority Shareholders in Special Transactions. Directors and officers of Barkerville and certain Barkerville Shareholders holding approximately 17.9% of the issued and outstanding Barkerville Shares have entered into voting and support agreements with Osisko in support of the Arrangement. The board of directors of Barkerville, on the recommendation of its independent special committee, has unanimously approved the Arrangement and will recommend that Barkerville Shareholders vote FOR the Arrangement.

The Arrangement Agreement includes representations, warranties and covenants typical of a transaction of this nature, including with respect to non-solicitation, a right to match, and a fiduciary-out. In addition, Barkerville has agreed to pay a termination fee of C$9.8 million to Osisko upon the occurrence of certain events. The Arrangement Agreement, which describes the full particulars of the Arrangement, will be made available on SEDAR under the issuer profile of Barkerville at www.sedar.com.

Osisko holds approximately 32.6% of the outstanding Barkerville Shares, accordingly, the Arrangement will be a non-arm's length transaction for the purposes of the policies of the TSXV and a "business combination" under Multilateral Instrument 61-101.

Osisko has also agreed to provide Barkerville with a C$7 million unsecured bridge loan (the "Bridge Loan") to allow Barkerville to continue to advance the exploration and development of the Cariboo gold project. The Bridge Loan will have an interest rate of 10% per annum and a term to maturity of six months. The Bridge Loan may be increased to C$13 million, subject to approval of both Osisko and Barkerville.

It is anticipated that the Arrangement will be completed in November 2019. Further information regarding the Arrangement will be contained in a management information circular that Barkerville will prepare, file and mail to the Barkerville securityholders in connection with the Barkerville Meeting. All securityholders are urged to read the information circular once available as it will contain additional important information concerning the Arrangement.

Board of Director's Recommendation and Voting Support

The Arrangement has been unanimously approved by the Board of Directors of both Barkerville and Osisko. Mr. Sean Roosen noted his conflict as a Director of both Osisko and Barkerville and recused himself from the negotiations leading up to this announcement. The Arrangement was negotiated on behalf of Osisko by a special committee of independent Directors of Osisko (the "Osisko Special Committee").

The Arrangement was negotiated on behalf of Barkerville by a special committee of independent Directors of Barkerville (the "Barkerville Special Committee"). In reaching its conclusions, the Board of Directors received the unanimous recommendation of the Barkerville Special Committee and two fairness opinions with respect to the consideration to be received by Barkerville Shareholders.

Advisors and Counsel

National Bank Financial is acting as exclusive financial advisor to Osisko. Bennett Jones LLP is acting as legal counsel to Osisko and the Osisko Special Committee.

Maxit Capital LP is acting as financial advisor to Barkerville. Fasken Martineau DuMoulin LLP is acting as special legal counsel to Barkerville and the Barkerville Special Committee. The Barkerville Special Committee also retained PI Financial Corp. to prepare a fairness opinion. Maxit Capital LP and PI Financial Corp. each provided a fairness opinion to Barkerville's Special Committee and Board of Directors, to the effect that, as of the date of such opinions, the consideration to be received by holders of Barkerville common shares (excluding Osisko), is fair, from a financial point of view, to such holders, in each case, subject to the respective limitations, qualifications and assumptions set forth in such opinions. The written fairness opinions from Maxit Capital LP and PI Financial Corp. will be set out in the Barkerville management information circular.

Conference Call Details

Osisko will host a conference call on Monday, September 23, 2019 at 8:30 am EDT to discuss the transaction announced in this press release.

Those interested in participating in the conference call should dial in at 1 [phone] (North American toll free), or 1 [phone] (international). An operator will direct participants to the call.

The conference call replay will be available from 11:30 am EDT on September 23, 2019 until 11:59 pm EDT on September 30, 2019 with the following dial in numbers: 1-[phone] (North American toll free) or 1 [phone], access code 9988832.

About Barkerville Gold Mines Ltd.

Barkerville Gold mines Ltd. is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville's Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Corporation has unlocked the fundamental structural controls of gold mineralization. Barkerville's brownfields exploration team is focused on developing and delineating a mineable resource within the 8 kilometers of principle project area located near the town of Wells, British Columbia. Barkerville's greenfields team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation's team is focused on completing required studies in order to permit underground mining on Cow and Island Mountains.

About Osisko Gold Royalties Ltd

Osisko Gold Royalties Ltd is an intermediate precious metal royalty company that holds a North American focused portfolio of over 135 royalties, streams and precious metal offtakes. Osisko's portfolio is anchored by its 5% NSR royalty on the Canadian Malartic Mine, which is the largest gold mine in Canada. Osisko also owns a portfolio of publicly held resource companies, including a 32.6% interest in Barkerville Gold Mines Ltd. and a 4% NSR royalty on the Cariboo Gold project, a 19.9% interest in Falco Resources Ltd and a 16.4% interest in Osisko Mining Inc.

Osisko is a corporation incorporated under the laws of the Province of Québec, with its head office is located at 1100 avenue des Canadiens-de-Montréal, Suite 300, Montréal, Québec, H3B 2S2.

Forward-looking Statements

This Osisko and Barkerville joint press release contains "forward-looking information", as such term is defined in applicable Canadian securities legislation. Such statements concern Osisko's and Barkerville's future financial or operating performance and other statements that express management's expectations or estimates of future developments, circumstances or results. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "pro-forma", "expects", "believes", "anticipates", "budget", "scheduled", "estimates", "forecasts", "intends", "plans" and variations of such words and phrases, or by statements that certain actions, events or results "may", "will", "could", "would" or "might", "be taken", "occur" or "be achieved". Such forward-looking information may include, without limitation, statements regarding the completion and expected benefits of the proposed business combination and other statements that are not historical facts. Forward-looking information is based on a number of assumptions and estimates that, while considered reasonable by management based on the businesses and markets in which each of Osisko and Barkerville operate, are inherently subject to significant operational, economic and competitive uncertainties and contingencies. Assumptions upon which forward-looking statements relating to the business combination have been made include that Osisko and Barkerville will be able to satisfy the conditions in the arrangement agreement, that any materially adverse facts or circumstances will not be identified, that the required approvals will be obtained from the shareholders of Barkerville, that all required third party, and that regulatory, court and government approvals will be obtained. Osisko and Barkerville caution that forward-looking information involves known and unknown risks, uncertainties and other factors that may cause Osisko's and Barkerville's actual results, performance or achievements to be materially different from those expressed or implied by such information, including, but not limited to: fluctuations in the prices of the commodities that drive royalties held by Osisko or the business conducted by Barkerville; fluctuations in the value of the Canadian dollar relative to the U.S. dollar; risks related to the operators of the properties in which Osisko holds an interest; development, permitting, infrastructure, operating or technical difficulties on any of the properties in which Osisko and Barkerville hold a direct or indirect interest; rate and timing of production differences from resource estimates or production forecasts by Barkerville or be the operators of properties in which Osisko holds a royalty or other interest; risks and hazards associated with the business of exploring, development and mining on any of the properties of Barkerville or in which Osisko holds a royalty or other interest, including, but not limited to unusual or unexpected geological and metallurgical conditions, slope failures or cave-ins, flooding and other natural disasters or civil unrest; regulatory changes by national and local government, including corporate law, permitting and licensing regimes and taxation policies; regulations and political or economic developments in Canada where Barkerville operates, or in any of the countries where properties in which Osisko holds a royalty or other interest are located or through which they are held); continued availability of capital and financing and general economic, market or business conditions; business opportunities that become available to, or are pursued by Osisko and Barkerville; the possibility to acquire royalties, to fund exploration and development activities, and to fund precious metal streams; other uninsured risks. The forward looking statements contained in this press release are based upon assumptions management believes to be reasonable, including, without limitation: the ongoing operation of the properties of Barkerville and those in which Osisko holds a royalty or other interest by the owners or operators of such properties in a manner consistent with past practice; the accuracy of public statements and disclosures made by the owners or operators of such underlying properties; no material adverse change in the market price of the commodities that underlie the asset of each company; no adverse development in respect of any significant property of Barkerville or in which Osisko holds a royalty, stream or other interest; the accuracy of publicly disclosed expectations for the development of underlying properties that are not yet in production; and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated or intended. In addition, the factors described, referred to, or incorporated by reference in the section entitled "Risk Factors" in the most recent Management Discussion and Analysis of each of Barkerville and Osisko and the in the section entitled "Risk Facts" in the Barkerville Circular, once filed, should be reviewed in conjunction with the information found in this press release, all of which is, or will be, available on SEDAR at www.sedar.com. Although Osisko and Barkerville have attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in forward-looking information, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the proposed business combination could be modified, restricted or not completed, and the results or events predicted in these forward-looking statements may differ materially from actual results or events. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information in this press release is made as of the date of this press release, and Osisko and Barkerville disclaim any intention or obligation to update or revise such information, except as required by applicable law and neither Osisko nor Barkerville assume any liability for disclosure relating to the other company herein

___________________________
1 Cash margin is a non-IFRS financial performance measure which has no standard definition under IFRS. It is calculated by deducting the cost of sales from the revenues. The calculation of cash margins excludes offtakes.

Osisko Gold Royalties (CNW Group/Barkerville Gold Mines Ltd.)

SOURCE Barkerville Gold Mines Ltd.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2019/23/c2062.html

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BGMZF BGM.v BGM expands mineralization at depth with 45.94 g/t gold over 5.2 meters on Island Mountain
V.BGM | 1 hour ago
Canada NewsWire
TORONTO, July 23, 2019
TORONTO, July 23, 2019 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM. the "Company" or "BGM") is pleased to announce the new drilling results from the 2019 Island Mountain exploration and category conversion program at the Company's flagship Cariboo Gold Project in central British Columbia.
New results from 24 recent holes on Island Mountain include 45.94 g/t Au over 5.2 meters including a sample of 399 g/t Au over 0.50 meter in exploration hole IM-19-043 located on the Island Mountain Mosquito Creek deposit and 95 meters down plunge from an existing vein corridor. Infill hole IM-19-029 intersected multiple vein corridors at Shaft Zone that assayed 14.91 g/t Au over 4.40 meters including a sample of 55.90 g/t Au over 0.80 meters. These results, as well as the highlights summarized below, demonstrate continuity of grade and widths within the modelled vein corridors, expansion of mineralization at depth and anomalous mineralization between the vein corridors.
A total of 20,000 meters in 47 holes were drilled at Shaft Zone and Mosquito Creek on Island Mountain in 2019. The program focused on infill drilling modelled vein corridors and conducting exploration along strike and down dip of existing vein corridors to determine the depth extent of the mineralization.
Select Drilling Highlights:
IM-19-029: 14.91 g/t Au over 4.40 meters including 55.9 g/t Au over 0.80 meters
IM-19-032: 31.8 g/t Au over 1.20 meters
IM-19-036: 46.8 g/t Au over 0.65 meters
IM-19-039: 61.8 g/t Au over 0.5 meters
IM-19-039: 53.3 g/t Au over 0.5meters
IM-19-039: 27.23 g/t Au over 2.15 meters
IM-19-040: 8.94 g/t Au over 6.20 meters
IM-19-040: 21.18 g/t Au over 3.20 meters including 54.1 g/t Au over 0.90 meters
IM-19-040: 7.31 g/t Au over 7.85 meters including 68.5 g/t Au over 0.5meters
IM-19-043: 45.94 g/t Au over 5.20 meters including 399 g/t Au over 0.5meters
IM-19-045: 7.75 g/t Au over 6.50 meters including 40.4 g/t Au over 0.70 meters
IM-19-047: 45.5 g/t Au over 0.65 meters

True widths are estimated to be 50 to 75% of reported core length intervals. Intervals not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays.
A complete table of assay highlights for IM-19-024 to IM-19-47 is present below. The Cariboo Gold Project 3D deposit model with assay highlights is located on the Company's website:
Barkerville Gold Mines Ltd. 3D Deposit Model
Mineralized quartz veins on the Cariboo Gold Project are overall sub-vertical dip and northeast strike. Vein corridors are defined as a high-density network of mineralized quartz within the axis of the F3 fold and hosted within the sandstones. These corridors have been defined from surface to a vertical depth averaging 300 meters and remain open for expansion at depth and down plunge. 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 Project Geologists, Kyle Orr and Felipe Castaneda. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, 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.
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).
About Barkerville Gold Mines Ltd.
The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville's Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company's Brownfield's exploration team is focused on upgrading and expanding the May 2018 43-101 compliant resource within the 8 kilometers of principle project area located near the town of Wells, British Columbia. The Company's Greenfield's team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation's team is focused on completing required studies in order to permit underground mining on Cow and Island Mountains.
Cautionary Statement on Forward -Looking Information
Neither 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.
image: https://mma.prnewswire.com/media/950320/Barkerville_Gold_Mines_Ltd__BGM_Expands_Mineralization_At_Depth.jpg

Table 1: Length Weighted Gold Composites
HOLE ID

DEPTH

FROM (M)
DEPTH TO
(M)
LENGTH
(M)
AU (G/T)
TARGET
PURPOSE
IM-19-024

387.60
389.50
1.90
7.99
Mosquito Creek
Exploration

Including
388.35
389.50
1.15
11.55




398.80
400.25
1.45
5.64



Including
398.80
399.30
0.50
9.74




442.50
444.60
2.10
4.70



Including
442.50
443.00
0.50
18.30
Shaft Zone
Exploration and Infill
IM-19-025

13.75
14.35
0.60
13.40




26.40
32.70
6.30
6.80



Including
28.85
29.35
0.50
11.85



and
32.20
32.70
0.50
20.30




76.60
78.40
1.80
3.20




191.50
192.00
0.50
4.69


IM-19-026

239.00
246.00
7.00
0.81
Willow
Exploration
IM-19-027

125.00
135.90
10.90
1.72
Mosquito Creek
Exploration and Infill


177.00
177.50
0.50
5.86




181.50
182.00
0.50
5.02




269.75
271.00
1.25
5.71


IM-19-028

117.00
119.00
2.00
5.27
Shaft Zone
Infill

Including
118.00
119.00
1.00
9.61


IM-19-029

86.50
88.50
2.00
4.23
Shaft Zone
Exploration and Infill

Including
86.50
87.40
0.90
7.67




201.00
201.80
0.80
3.50




222.40
226.80
4.40
14.91



Including
223.10
223.90
0.80
55.90




343.70
344.50
0.80
4.66




414.15
414.65
0.50
21.50




465.80
467.50
1.70
6.45



Including
465.80
466.80
1.00
9.08




477.30
478.30
1.00
6.26



Including
477.30
477.80
0.50
7.80


IM-19-030

131.50
132.00
0.50
15.35
Mosquito Creek
Exploration and Infill


142.65
143.40
0.75
5.87




145.70
146.55
0.85
4.84


IM-19-031

57.60
59.10
1.50
3.53
Shaft Zone
Infill


98.45
100.15
1.70
15.02



Including
98.45
99.20
0.75
33.30


IM-19-032

196.50
197.70
1.20
31.80
Shaft Zone
Exploration and Infill


259.50
260.00
0.50
3.87




261.30
262.20
0.90
8.23




415.40
416.50
1.10
24.30




623.95
624.45
0.50
21.40




629.80
630.40
0.60
4.61




698.00
700.00
2.00
5.75



Including
698.00
698.50
0.50
18.20




747.30
747.85
0.55
7.03


IM-19-033

252.25
253.10
0.85
6.02
Mosquito Creek
Exploration


305.20
306.50
1.30
5.41




309.50
310.00
0.50
3.54




321.30
322.00
0.70
3.65




322.50
323.10
0.60
3.11




331.10
332.00
0.90
4.29


IM-19-034
No Significant Assays



Willow
Exploration
IM-19-035

187.25
187.75
0.50
6.19
Shaft Zone
Exploration and Infill


254.50
255.00
0.50
3.57




274.35
275.80
1.45
8.16



Including
274.35
274.90
0.55
20.70




412.00
412.90
0.90
8.81




445.75
446.60
0.85
3.77




447.40
449.00
1.60
3.71




465.90
467.00
1.10
3.88



Including
466.50
467.00
0.50
6.32




470.35
472.00
1.65
4.42




473.30
474.00
0.70
5.29




496.40
497.00
0.60
9.03




575.00
576.00
1.00
4.33


IM-19-036

90.00
93.00
3.00
7.39
Mosquito Creek
Exploration and Infill

Including
91.70
92.40
0.70
25.60




118.15
118.65
0.50
3.49




129.35
131.80
2.45
14.50



Including
130.50
131.15
0.65
46.80




138.10
138.85
0.75
19.85




175.50
176.90
1.40
7.39




192.10
192.60
0.50
4.24


IM-19-037
No Significant Assays



Willow
Exploration
IM-19-038

246.50
247.00
0.50
7.17
Mosquito Creek
Exploration and Infill
IM-19-039

173.00
174.00
1.00
4.61
Shaft Zone
Exploration and Infill


251.50
253.00
1.50
3.55




282.80
284.00
1.20
7.03




293.20
294.10
0.90
9.13




374.60
375.10
0.50
13.25




393.50
394.30
0.80
4.58




433.00
434.00
1.00
3.71




468.50
470.50
2.00
3.15



Including
470.00
470.50
0.50
7.48




524.20
524.70
0.50
61.80




586.30
587.00
0.70
14.95




618.30
621.10
2.80
10.59



Including
618.30
618.80
0.50
53.30




630.00
630.80
0.80
29.30




635.95
636.40
0.45
9.23




639.90
642.05
2.15
27.23




647.30
648.50
1.20
16.68



Including
648.00
648.50
0.50
38.50




653.90
657.40
3.50
3.30



Including
653.90
654.50
0.60
5.08



and
654.50
655.00
0.50
7.90




659.80
660.30
0.50
13.40




691.40
692.10
0.70
8.88


IM-19-040

390.65
392.90
2.25
9.01
Shaft Zone
Exploration and Infill

Including
390.65
391.15
0.50
33.20




399.25
405.45
6.20
8.94



Including
402.40
403.90
1.50
15.70



and
403.90
404.60
0.70
37.10




408.55
409.35
0.80
12.55




416.35
417.65
1.30
4.89




490.00
493.20
3.20
21.18



Including
490.00
490.90
0.90
54.10



and
492.20
493.20
1.00
19.00




520.00
520.50
0.50
5.53




525.00
532.85
7.85
7.31



Including
525.00
525.65
0.65
19.00



and
526.15
526.65
0.50
68.50



and
532.25
532.85
0.60
13.20




547.70
548.80
1.10
4.21



Including
547.70
548.20
0.50
7.53




624.00
624.60
0.60
14.15




672.80
675.30
2.50
8.91



Including
672.80
673.35
0.55
6.79



and
673.95
675.30
1.35
13.60




728.70
729.20
0.50
7.22


IM-19-041

338.10
340.00
1.90
4.88
Willow
Exploration

Including
338.10
339.00
0.90
6.24


IM-19-042

142.00
144.00
2.00
5.86
Mosquito Creek
Exploration and Infill

Including
142.00
142.50
0.50
19.05




164.00
165.90
1.90
11.08



Including
165.10
165.90
0.80
24.80


IM-19-043

141.65
142.80
1.15
6.56
Mosquito Creek
Exploration


183.90
189.10
5.20
45.94



Including
183.90
184.65
0.75
7.98



and
187.20
187.90
0.70
15.80



and
187.90
188.40
0.50
399.00



and
188.40
189.10
0.70
31.80




201.15
201.65
0.50
4.51




246.40
247.25
0.85
13.95




266.20
266.90
0.70
35.90




278.65
279.35
0.70
8.56




389.20
389.75
0.55
5.88




404.60
405.10
0.50
16.45




416.00
417.70
1.70
9.34



Including
417.00
417.70
0.70
15.80




436.00
436.50
0.50
3.79




464.10
464.60
0.50
7.80




560.50
561.05
0.55
4.42


IM-19-044

184.90
186.15
1.25
6.15
Shaft Zone
Infill


272.55
273.10
0.55
7.59




399.00
399.60
0.60
9.02




420.00
422.20
2.20
3.43



Including
421.60
422.20
0.60
8.59




444.00
445.00
1.00
7.82


IM-19-045

221.00
221.70
0.70
3.78
Shaft Zone
Exploration and Infill


378.20
379.30
1.10
3.75




422.30
422.80
0.50
38.00




438.55
440.55
2.00
6.38



Including
439.85
440.55
0.70
9.29




448.90
451.65
2.75
13.72



Including
450.50
451.65
1.15
30.00




462.40
463.10
0.70
6.33




516.10
519.10
3.00
3.35



Including
516.10
516.60
0.50
14.60




577.30
581.00
3.70
4.29



Including
578.15
579.00
0.85
10.80




590.60
596.30
5.70
3.23



Including
594.30
594.80
0.50
25.50




620.25
621.25
1.00
3.91




633.30
637.70
4.40
5.99



Including
633.30
633.80
0.50
16.80



and
636.95
637.70
0.75
11.15




656.00
657.00
1.00
10.20




661.80
668.30
6.50
7.75



Including
661.80
662.50
0.70
8.16



and
663.00
663.70
0.70
40.40



and
666.30
667.25
0.95
13.65




693.30
693.80
0.50
16.35


IM-19-046

88.90
89.40
0.50
3.51
Mosquito Creek
Exploration


196.85
198.20
1.35
3.20


IM-19-047

154.90
155.40
0.50
3.61
Mosquito Creek
Exploration


158.70
159.25
0.55
21.30




162.00
164.80
2.80
3.42




177.20
178.25
1.05
12.75




212.35
217.80
5.45
7.55



Including
212.35
213.00
0.65
11.25



and
216.30
217.15
0.85
9.39



and
217.15
217.80
0.65
30.70




220.50
224.45
3.95
8.16



Including
222.25
222.90
0.65
45.50




236.50
237.10
0.60
18.35




239.50
242.10
2.60
6.77



Including
241.50
242.10
0.60
18.95




255.00
255.70
0.70
15.05




487.40
491.70
4.30
6.87



Including
489.50
490.15
0.65
23.40




543.00
543.50
0.50
21.60




560.00
562.80
2.80
7.93



Including
561.50
562.20
0.70
21.10



Table 2: Drillhole Collar Information:
HOLE ID
UTM E
UTM N
ELEVATION
(M)
DIP
AZIMUTH
LENGTH

(M)
IM-19-024
593687
5885195
1396
-45
319
486
IM-19-025
594221
5884638
1427
-52
132
231
IM-19-026
592815
5885680
1478
-45
132
537
IM-19-027
593592
5885242
1410
-51
304
561
IM-19-028
594223
5884599
1434
-46
127
201
IM-19-029
594486
5884607
1398
-48
140
483
IM-19-030
594371
5884691
1398
-58
133
408
IM-19-031
594234
5884621
1430
-46
129
201
IM-19-032
594555
5884639
1375
-49
135
825
IM-19-033
593719
5885231
1391
-60
313
501
IM-19-034
592756
5885601
1486
-46
129
327
IM-19-035
594486
5884607
1394
-51
140
729
IM-19-036
593500
5885225
1434
-45
315
584
IM-19-037
592669
5885653
1507
-46
128
387
IM-19-038
593664
5885248
1397
-46
309
636
IM-19-039
594752
5884630
1353
-45
133
693
IM-19-040
594554
5884638
1375
-45
137
822
IM-19-041
592691
5885937
1438
-44
118
384
IM-19-042
593652
5885162
1401
-50
323
510
IM-19-043
593965
5885038
1371
-56
317
600
IM-19-044
594465
5884660
1390
-52
132
471
IM-19-045
594721
5884649
1360
-45
130
729
IM-19-046
593593
5885322
1394
-45
313
576
IM-19-047
593964
5885039
1369
-53
321
600

image: https://mma.prnewswire.com/media/950319/Barkerville_Gold_Mines_Ltd__BGM_Expands_Mineralization_At_Depth.jpg

SOURCE Barkerville Gold Mines Ltd.
image: https://rt.newswire.ca/rt.gif?NewsItemId=C9656&Transmission_Id=201907230700CANADANWCANADAPR_C9656&DateId=20190723


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2019/23/c9656.html
Chris Lodder, President & Chief Executive Officer, 155 University Avenue, Suite 1440, Toronto, Ontario, Canada, [e-mail] CNW Group 2019
Canada Newswire
July 23, 2019 - 4:00 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS

[howestreetbull]

$BGMZF BGM Announces Updated Underground Resource For Cariboo Gold Project
V.BGM | 1 hour ago
Canada NewsWire
TORONTO, May 29, 2019
2.4 MILLION OUNCES TOTAL MEASURED AND INDICATED, AND 1.9 MILLION OUNCES INFERRED
image: https://mma.prnewswire.com/media/893919/Barkerville_Gold_Mines_Ltd__BGM_Announces_Updated_Underground_Re.jpg

TORONTO, May 29, 2019 /CNW/ - Barkerville Gold Mines Ltd. (BGM – TSX-V) ("BGM" or the "Company") is pleased to announce the updated underground resource estimate for Cow, Island and Barkerville Mountain deposits at its 100% owned Cariboo Gold Project located in Wells, B.C.

Cariboo Gold Project Mineral Resource
Measured and Indicated Resource of 2.4 million ounces of gold (13.2 million tonnes grading 5.6 g/t Au) a 50% increase from the 2018 resource;

Inferred Mineral Resource of 1.9 million ounces of gold in the inferred category (12 million tonnes grading 5.0 g/t Au);

The mineral resource estimate has factored in the internal dilution which allows BGM to consider larger mining methods in some of the deposit areas to reduce operating costs in a future scale operation, allows potential for better resource to reserve conversion, and better continuity;

The 2019 Mineral Resource estimate on Cow and Island Mountains covers the corridor of the Cow, Valley, Shaft, and Mosquito deposits over a strike length of 3.7 kilometers, a maximum width of approximately 700 meters, down to a maximum depth of 600 meters and an average depth of 350 meters below surface;

249 vein corridors were modelled with average dimensions of 300 meters by 300 meters by 3 meters with thickness of the vein corridors ranging from 2 meters to 40 meters;

The BC Vein deposit is 1.7 kilometers in strike length, 0.5 meters to 37 meters in thickness, and 400 meters in depth.

The mineral resource estimate incorporates the Cow and Valley Zones on Cow Mountain, Shaft and Mosquito Creek Zones on Island Mountain and BC Vein and Bonanza Ledge on Barkerville Mountain at a cut-off grade of 3.0 g/t Au ("grams per metric tonne"). The resource is defined over 6 kilometers of BGM's 67-kilometer-long land package. Infill and exploration drilling are ongoing on the property. The mineral resource estimate was conducted by Talisker Exploration Services Inc. under the supervision of InnovExplo Inc., an independent consulting firm based out of Val-d'Or, Quebec. A video summarizing the mineral resource estimate is present in this press release.
The mineral resource estimate for Cow and Island Mountain deposits is built upon over 400,000 meters from BGM's 2015 to 2018 drill campaigns, and historically verified drill data using a total of 3,426 drillholes. A strong understanding of the controls of mineralization enabled the Company's technical team to construct a mineral resource estimate constrained by lithology, alteration, structure and mineralization. The mineral resource estimate is supported by a robust 3D litho-structural model of the gold-bearing vein corridors. The 2018 exploration and category conversion drill program was successful in improving the precision of vein corridors; a total of 249 vein corridor solids were individually modelled. Average dimensions of a vein corridor are 300 meters by 300 meters by 3 meters with thickness of the vein corridors ranging from 2 meters to 40 meters. The resource estimate includes the internal dilution of the sandstone host within the vein corridors. Vein corridors are defined as a high-density network of mineralized quartz veins within the sandstones. Additional models were made for Bonanza Ledge and BC Vein. Table 1 summarizes the Mineral Resource estimate and Tables 2 and 3 demonstrate the grade sensitivity of the resource model at varying cut off grades. A 3D model with the updated geological model and block model is available on the link below.
https://vrify.com/embed/projects/183/sites/788
Table 1: 2018 Cariboo Gold Project Mineral Resource Estimate reported at a 3.0 g/t Au cut-off grade for an underground scenario
Cariboo Gold Project Mineral Resources
Deposit
Tonnes
Au
Au Oz

(000)
(g/t)
(000)
Measured



Bonanza Ledge
175
6.1
34
Indicated



Bonanza Ledge
55
4.6
8
BC Vein
734
5.6
132
Mosquito
542
7.1
124
Shaft
7,200
5.6
1,300
Valley
1,212
5.3
208
Cow
3,578
5.5
637
Inferred



BC Vein
87
3.6
10
Mosquito
690
6.5
144
Shaft
5,817
5.0
941
Valley
3,475
4.9
545
Cow
1,867
4.7
282

Total Measured and Indicated
13,495
5.6
2,443
Total Inferred
11,936
5.0
1,922

Mineral Resource Estimate notes:
Christine Beausoleil, P.Geo and Carl Pelletier, P.Geo, of InnovExplo Inc. has reviewed and validated the mineral resource estimate for Cow, Mosquito, Shaft, Valley and BC Vein deposits and updated the Bonanza Ledge mineral resource estimate. Both are independent "Qualified Person" (as defined in NI 43-101) responsible for the 2019 mineral resource estimate. The effective date of the 2019 mineral resource estimate is May 29, 2019;
Specific extraction methods are used only to establish reasonable cut-off grades for various portions of the deposit. No Preliminary Economic Analysis, Pre-Feasibility Study or Feasibility Study has been completed to support economic viability and technical feasibility of exploiting any portion of the mineral resource, by any particular mining method
The mineral resources disclosed in this press release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") standards on mineral resources and reserves definitions, and guidelines prepared by the CIM standing committee on reserve definitions and adopted by the CIM council;
Mineral resources are not mineral reserves and do not have demonstrated economic viability;
Geologic and vein corridor modeling of Cow, Valley, Shaft, Mosquito and BC Vein were completed by BGM Chief Resource Geologist Tessa Scott, P.Geo. and BGM Geologists Natalie Cook, GIT. and Raja Yarra, GIT. The Resource Estimation was completed by Talisker Exploration Services Geologist Leonardo Souza, MAusIMM (CP);
A total of 249 vein corridors were modelled for Cow and Island Mountains deposits, and a total of two (2) gold zones for Barkerville Mountain Deposits. A minimum true thickness of 2.0 m was applied, using the grade of the adjacent material when assayed, or a value of zero when not assayed;
The estimate is reported for a potential underground scenario at cut-off grades of 3.0 g/t Au. The cut-off grades were calculated using a gold price of USD1,300 per ounce, a CAD:USD exchange rate of 1.3; mining cost of $42/t; processing cost of $75/t; and G&A of $22/t. The cut-off grades should be re-evaluated in light of future prevailing market conditions (metal prices, exchange rate, mining cost, etc.);
A density of 2.8 g/cm3 was established for all zones of Cow, Valley and Shaft, 2.76 for Mosquito, 2.72 g/cm3 for BC Vein zone and 3.2 g/cm3 for Bonanza Ledge zone;
A three-step capping procedure has been applied to composite data for Cow, Valley, Shaft, Mosquito and BC Vein zones. Restricted search ellipsoids were used varying from 10 to 60 g/t Au at three different distance varying from 25 to 100 m for each deposit. Bonanza Ledge high-grade capping was done on composited data at 70 g/t Au;
Resources for Cow, Valley, Shaft, Mosquito and BC Vein zones were estimated using Datamine Studio RM 1.3 software using hard boundaries on composited assays (Cow 3.0 m, Valley 1.5 m, Shaft 2.0 m, Mosquito 3.0 m and BC Vein 1.6 m). Ordinary Kriging interpolation method was used in a sub-blocked model (parent block size = 5 meters x 5 meters x 5 meters). Resources for Bonanza Ledge were estimated using GEOVIA GEMS 6.7 software using hard boundary on composited assays at 2.0 m. Ordinary Kriging interpolation method was used in a block model (block size = 2 m x 2 m x 5 m);
Results are presented in-situ, with minimum width diluted to 2 meters. Ounce (troy) = metric tons x grade / 31.10348. Calculations used metric units (meters, tonnes, g/t). The number of metric tons was rounded to the nearest thousand. Any discrepancies in the totals are due to rounding effects; rounding followed the recommendations as per NI 43-101;
Neither the Company nor InnovExplo Inc. is aware of any known environmental, permitting, legal, title-related, taxation, socio-political, marketing or other relevant issue that could materially affect the mineral resource estimate other than disclosed in the 2018 NI 43-101 Technical Report for the Cariboo Gold Project and Mineral Resource Estimate by InnovExplo Inc.

Table 2: Grade Sensitivity on Measured and Indicated Resource categories for the Cariboo Gold Project
All Deposits
Cut-Off grade
Ore Tonnes
Grade
Contained Au

(Mt)
Au (g/t)
(Moz)
1.0
30.4
3.6
3.5
1.5
24.8
4.1
3.2
2.0
20.4
4.6
3.0
2.5
16.7
5.1
2.7
3.0
13.5
5.6
2.4
3.5
11.0
6.2
2.2
4.0
9.0
6.7
1.9
4.5
7.4
7.3
1.7
5.0
6.0
7.8
1.5

Table 3: Grade Sensitivity on Inferred Resource category for the Cariboo Gold Project
All Deposits
Cut-Off grade
Ore Tonnes
Grade
Contained Au

(Mt)
Au g/t
(MOz)
1.0
29.2
3.2
3.0
1.5
23.8
3.6
2.8
2.0
19.4
4.0
2.5
2.5
15.3
4.5
2.2
3.0
11.9
5.0
1.9
3.5
9.4
5.5
1.7
4.0
7.2
6.0
1.4
4.5
5.6
6.5
1.2
5.0
4.3
7.1
1.0

The vein corridors are modelled to an average depth of 350 meters, exploration drilling has intersected mineralization at depths below 700 meters from surface. BGM is currently drilling down dip and along strike of mineralized vein corridors to define additional resources at Cow and Island Mountain. BGM intends to drill from underground infrastructure once permitting and construction of an exploration drift is complete. The robust 3D litho-structural model that defines the controls of mineralization allows the exploration team to define additional mineral resource much more efficiently, lowering the cost per discoverable ounce. This model can be applied to the remaining 65 kilometers of strike.
In accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"), an updated technical report for the Cariboo Gold Project will be filed on SEDAR and the Company's website within 45 calendar days of this disclosure.
Chris Lodder, President and CEO of BGM commented, "The continuing resource growth shows improved knowledge of the grade distribution, vein corridor thickness and continuity within and at depth and on strike as a function of the infill drilling. Drilling will now continue to add upside not just within the current resource area but all along the 67 km mineralized trend controlled by BGM."
About the Cariboo Gold Project
The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. BGM's Cariboo Gold Project mineral tenures cover 1,950 square kilometers; along a strike length of 67 kilometers which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company's Brownfield's exploration team is focused on upgrading and expanding the May 2018 43-101 resource within the 8 kilometers of principle project area located near the town of Wells, British Columbia. The Company's Greenfield's team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation's team is focused on completing required studies in order to permit underground mining on Cow and Island Mountains.
Cautionary Statement on Forward -Looking Information
Neither 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.
QA/QC and Core Sampling Protocols
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, Maggie Layman, 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).
Qualified Persons and 43-101 Disclosure
As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, 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.
The Independent and Qualified Persons for the Mineral Resources Estimate update, as defined by NI 43-101, is Christine Beausoleil, P.Geo., and Carl Pelletier, P.Geo., both of InnovExplo Inc. and confirm having reviewed this press release and that the scientific and technical information is consistent.
ON BEHALF OF THE BOARD
"Chris Lodder"
Chris Lodder, President, CEO & Director
image: https://mma.prnewswire.com/media/893920/Barkerville_Gold_Mines_Ltd__BGM_Announces_Updated_Underground_Re.jpg


SOURCE Barkerville Gold Mines Ltd.
image: https://rt.newswire.ca/rt.gif?NewsItemId=C4886&Transmission_Id=201905290700CANADANWCANADAPR_C4886&DateId=20190529


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/29/c4886.html
Chris Lodder, President and Chief Executive Officer, 155 University Avenue, Suite 1410, Toronto, Ontario, Canada, [e-mail], 416-775-3671Copyright CNW Group 2019
Canada Newswire
May 29, 2019 - 4:00 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS

[howestreetbull]

BGM.v $BGMZF BGM Intersects 10.76 g/t Gold Over 20.0 Meters in Deep Exploration on Island Mountain
V.BGM | 2 hours ago
Canada NewsWire

TORONTO, May 2, 2019

TORONTO, May 2, 2019 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM. the "Company" or "BGM") is pleased to announce the new drilling results from the 2019 Island Mountain exploration and category conversion program at the Company's flagship Cariboo Gold Project in central British Columbia.

image: https://mma.prnewswire.com/media/880600/Barkerville_Gold_Mines_Ltd__BGM_Intersects_10_76_G_T_Gold_Over_2.jpg

Barkerville Gold Mines Ltd. (CNW Group/Barkerville Gold Mines Ltd.)

New results from eight recent holes on Island Mountain include 10.76 g/t Au over 20.0 meters including a sample of 157.50 g/t Au over 1.25 meters in IM-19-019, extending a mineralized vein corridor on Shaft Zone 60 meters down dip to a vertical depth of 450 meters. Infill hole IM-19-020 intersected 162.5 g/t Au over 0.50 meter outside of an existing vein corridor. IM-19-023 intersected five new previously unmodelled zones including 21.97 g/t Au over 4.05 meters. These results, as well as the highlights summarized below, demonstrate continuity of grade and widths within the modelled vein corridors, expansion of mineralization at depth and anomalous mineralization between the vein corridors.

Select Drilling Highlights:

IM-19-019 is located at Shaft Zone on Island Mountain and was designed to investigate down dip extensions on the mineralized vein corridors as well as shallow infill high-grade zones. IM-19-019 was successful at intersecting multiple high-grade intercepts of gold mineralization including 27.60 g/t Au over 1.40 meters within a modelled vein corridor and further down hole, at a vertical depth of 450 meters, IM-19-019 intersected 10.76 g/t Au over 20.0 meters vein corridor within sericite altered siltstone-sandstone and includes a sample that assayed 157.50 g/t over 1.25 meters. Mineralization continued to depth of 543 meters down hole, with a sample grading 11.85 g/t Au over 0.50 meter.

IM-19-020 was designed to infill shallow, high-grade vein corridors on Shaft Zone and intersected a quartz vein hosting up to 80% pyrite vein outside a previously modelled vein corridor that assayed 162.50 g/t over 0.50 meter at a vertical depth of 115 meters.

IM-19-023 is a 684-meter-deep hole and intersected five main zones of mineralization. At 194.5 meters down hole, IM-19-023 intersected previously unmodelled quartz veins that assayed 21.97 g/t Au over 4.05 meters including a sample of 87.60 g/t over 0.75 meters. At depth, a zone of strong silica alteration within sandstone and calcareous sandstone is present from 438 meters to 493 meters and exhibits multiple vein corridors with disseminated pyrite and cosalite not previously modelled and extend veins at depth. At 434.70 meters down hole, a mineralized zone assayed 6.78 g/t Au over 3.30 meters and 65 meters down dip of a modelled vein corridor. At 450.25 meters, 10.57 g/t Au over 5.60 meters, at 471 meters depth, 4.33 g/t Au over 3.70 meters including 12.95 g/t Au over 1.00 meter, at 485.35 meters depth 10.12 g/t Au over 7.95 meters.

True widths are estimated to be 50 to 75% of reported core length intervals. Intervals not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays.

A complete table of assay highlights for IM-19-016 to IM-19-023 is present below. The Shaft Zone 3D deposit model with assay highlights is located on the Company's website:

Barkerville Gold Mines Ltd. 3D Deposit Model

Mineralized quartz veins on the Cariboo Gold Project are overall sub-vertical dip and northeast strike. Vein corridors are defined as a high-density network of mineralized quartz veins within the sandstones. These corridors have been defined from surface to a vertical depth averaging 300 meters and remain open for expansion at depth and down plunge. 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

As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, 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.

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).

About Barkerville Gold Mines Ltd.

The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville's Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company's Brownfield's exploration team is focused on upgrading and expanding the May 2018 43-101 compliant resource within the 8 kilometers of principle project area located near the town of Wells, British Columbia. The Company's Greenfield's team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation's team is focused on completing required studies in order to pemit underground mining on Cow and Island Mountains.

Cautionary Statement on Forward -Looking Information
Neither 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

HOLE ID


DEPTH
FROM (M)

DEPTH TO
(M)

LENGTH
(M)

AU (G/T)

PURPOSE

TARGET

IM-19-016


162.00

162.50

0.50

6.84

Exploration

Mosquito



171.70

176.10

4.40

3.96




Including

172.50

173.00

0.50

17.30





201.75

202.25

0.50

8.11





260.10

260.60

0.50

10.75





518.50

519.00

0.50

3.55



IM-19-017

No Significant Assays




Stratigraphic

Willow

IM-19-018


417.50

418.00

0.50

6.62

Exploration and Infill

Mosquito



456.00

456.50

0.50

5.81





458.35

458.85

0.50

6.23





487.75

491.20

3.45

7.64




Including

487.75

488.45

0.70

18.90




And

489.30

490.10

0.80

12.90



IM-19-019


67.00

68.00

1.00

4.24

Exploration and Infill

Shaft Zone



114.60

116.10

1.50

7.28





163.80

165.20

1.40

27.60




Including

163.80

164.70

0.90

40.30





261.80

262.35

0.55

6.52





402.20

404.50

2.30

5.13





407.22

409.70

2.48

4.84





438.80

441.50

2.70

6.40





440.60

441.50

0.90

17.30





488.00

489.10

1.10

6.05





488.00

508.00

20.00

10.76




Including

488.00

489.10

1.10

6.05




And

504.50

505.75

1.25

157.50




And

505.75

506.60

0.85

5.20





543.00

543.50

0.50

11.85



IM-19-020


78.00

78.90

0.90

7.29

Infill

Shaft Zone



143.00

143.50

0.50

162.50



IM-19-021

Hole Abandoned




Infill

Shaft Zone

IM-19-022


168.20

169.20

1.00

5.36

Infill

Shaft Zone



301.40

304.00

2.60

10.77




Including

302.65

303.45

0.80

29.70




And

303.45

304.00

0.55

6.54



IM-19-023


135.75

136.80

1.05

11.95

Exploration and Infill

Shaft Zone



194.50

198.55

4.05

21.97




Including

194.50

195.25

0.75

87.60




And

196.50

197.00

0.50

19.30




And

197.75

198.55

0.80

16.85





276.00

281.70

5.70

1.45




Including

276.00

276.50

0.50

4.54





409.70

411.00

1.30

17.90





434.70

438.00

3.30

6.78




Including

434.70

435.80

1.10

15.10





450.25

455.85

5.60

10.57




Including

453.00

454.45

1.45

22.50




And

454.45

455.85

1.40

12.45





471.00

474.70

3.70

4.33




Including

471.00

472.00

1.00

12.95





485.35

493.30

7.95

10.12




Including

490.75

492.00

1.25

27.80





617.30

618.10

0.80

7.49





Table 2: Drillhole Collar Orientations:

HOLE ID

DIP

AZIMUTH

DEPTH
(M)

IM-19-016

-46

314

600

IM-19-017

-46

222

637

IM-19-018

-45

314

501

IM-19-019

-60

142

576

IM-19-020

-59

137

162

IM-19-021

-48

137

195

IM-19-022

-61

140

336

IM-19-023

-46

127

684



SOURCE Barkerville Gold Mines Ltd.

image: https://rt.newswire.ca/rt.gif?NewsItemId=C0868&Transmission_Id=201905020700CANADANWCANADAPR_C0868&DateId=20190502


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/02/c0868.html

on Barkerville Gold Mines Ltd. please contact: Chris Lodder, President & Chief Executive Officer, 155 University Avenue, Suite 1440, Toronto, Ontario, Canada, [e-mail] CNW Group 2019

Canada Newswire
May 2, 2019 - 4:00 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS

[howestreetbull]

BGM.v $BGMZF Barkerville Announces C$20 Million "Bought Deal" Private Placement of Common Shares
by @nasdaq on 27 Mar 2019, 04:54
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, March 27, 2019 (GLOBE NEWSWIRE) -- Barkerville Gold Mines Ltd. ("Barkerville" or the "Corporation") (TSX-V:BGM) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Haywood Securities Inc. (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" private placement basis, 55,556,000 common shares of the Corporation (the "Common Shares") at a price of C$0.36 per Common Share, for total gross proceeds of C$20,000,160 (the "Offering").

The Corporation has granted the Underwriters an option to purchase up to an additional 15% of the Offering in Common Shares (the "Underwriters' Option”), exercisable in whole or in part at any time up to 48 hours prior to the closing date.

The net proceeds from the sale of the Common Shares will be used for exploration and development of the Cariboo Gold Project, including permitting and underground development, as well as for working capital and general corporate purposes.

The closing of the Offering is expected to occur on or about April 23, 2019 and is subject to the completion of formal documentation and receipt of regulatory approvals, including the approval of the TSX Venture Exchange. The Common Shares issued in connection with the Offering will be subject to a statutory four month hold period in accordance with applicable securities legislation. In consideration for their services, the Corporation has agreed to pay the Underwriters a cash commission equal to 5.0% of the gross proceeds from the Offering, excluding gross proceeds received from the sale of Common Shares to Osisko Gold Royalties Ltd and Osisko Mining Inc.

About Barkerville

The Corporation is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville's Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Corporation has unlocked the fundamental structural controls of gold mineralization. The Corporation's Brownfield's exploration team is focused on upgrading and expanding the May 2018 43-101 compliant resource within the 8 kilometers of principle project area located near the town of Wells, British Columbia. The Corporation's Greenfield's team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation's team is focused on completing required studies in order to permit underground mining on Cow and Island Mountains. For more information on Barkerville Gold Mines Ltd., please contact:

Chris Lodder
President and Chief Executive Officer
155 University Avenue, Suite 1410
Toronto, Ontario, Canada
[e-mail]
416-775-3671

Cautionary Statement on Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. 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. Although the Corporation 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 Corporation 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.

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

BGM.jpg

[howestreetbull]

BGM.v $BGMZF BGM Expands Mineralization by 175 Meters at Island Mountain
by @newswire on March 26, 2019
NEW DRILLING INTERSECTS 19.34 G/T GOLD OVER 17.9 METERS



TORONTO, March 26, 2019 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM. the "Company" or "BGM") is pleased to announce the new drilling results from the 2019 Island Mountain exploration and category conversion program at the Company's flagship Cariboo Gold Project in central British Columbia.

In January 2019, BGM commenced diamond drilling with five diamond drill rigs on Island Mountain Shaft Zone and Mosquito Creek deposits to investigate down dip extensions on the mineralized vein corridors as well as shallow infill high-grade zones. New results include 19.34 g/t Au over 17.9 meters in IM-19-013, extending a mineralized vein corridor on Shaft Zone 70 meters down dip. The current mineralization on Mosquito Creek is modelled to a depth of 200 meters and recent high-grade intercepts include 10.65 g/t Au over 4.2 meters in IM-19-004 at a depth of 375 meters from surface. These results, as well as the highlights summarized below, demonstrate continuity of grade and widths within the modelled vein corridors, expansion of mineralization at depth and anomalous mineralization between the vein corridors.

Select Drilling Highlights:

IM-19-004 is located at Mosquito Creek and intersected 10.65 g/t Au over 4.2 meterswhich extended the mineralization at Mosquito Creek from 200 meters to 375 meters. This is one of the deepest holes at Mosquito Creek to date.

IM-19-007 was designed to test for new vein corridors within the sandstone along strike of the Shaft Zone to the north west. IM-19-007 assayed 10.06 g/t Au over 13.15 meters and is 20 meters from surface.

IM-19-010 intersected a mineralized zone of fine disseminated pyrite within silica sericite alteration adjacent to the Mosquito Fault and modelled vein corridors. IM-19-010 assayed 1.25 g/t Au over 33.25 meters. A sample within this zone assayed 9.57 g/t Au over 1.5 meters. This mineralization is hosted in calcareous sandstone between the vein corridors and is 120 meters down plunge of IM-18-102 that assayed 1.35 g/t Au over 32.8 meters (a sample in this zone assayed 20.1 g/t over 0.5 meter) and 60 meters down plunge of hole IM-18-155 that assayed 1.32 g/t over 45.2 meters (a sample within this zone assayed 8.89 g/t Au over 1.25 meters). Mineralization between vein corridors will significantly reduce mining dilution.

IM-19-012 is located at Shaft Zone and intersected previously unmodelled quartz vein mineralization that assayed 7.02 g/t Au over 10.25 meters.

IM-19-013 intersected three zones of mineralization. At 92 meters down hole, IM-19-013 intersected 26.24 g/t Au over 2.4 meters meters infilling a vein corridor. Further down hole, IM-19-013 intersected quartz veins with pyrite mineralization that assayed 19.34 g/t Au over 17.9 meters including a sample that assayed 151.5 g/t Au over 0.50 meterand extended a modelled vein corridor 70 meters down dip. At 442 meters down hole, 350 meters from surface, this hole intersected 15.78 g/t Au over 5.35 meters, approximately 160 meters down dip of the nearest modelled vein corridor. Visible gold was observed in this hole.

True widths are estimated to be 50 to 75% of reported core length intervals. Intervals not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays.

A complete table of assay highlights for IM-19-001 to IM-19-015 is present below. The Shaft Zone 3D deposit model with assay highlights is located on the Company's website:

Barkerville Gold Mines Ltd. 3D Deposit Model

Mineralized quartz veins on the Cariboo Gold Project are overall sub-vertical dip and northeast strike. Vein corridors are defined as a high-density network of mineralized quartz veins within the sandstones. These corridors have been defined from surface to a vertical depth averaging 300 meters and remain open for expansion at depth and down plunge. Gold grades are intimately associated with vein-hosted pyrite as well as pyritic, intensely silicified wall rock haloes in close proximity to the veins.

Chris Lodder, President and CEO, comments, "again these drill results demonstrate the high probability to add significant resources below our present resources within the mineralized vein corridors on Island Mountain as well as connect the Shaft and Mosquito Creek zones".

Qualified Persons

As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, 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.

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).

About Barkerville Gold Mines Ltd.

The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville's Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company's Brownfield's exploration team is focused on upgrading and expanding the May 2018 43-101 compliant resource within the 8 kilometers of principle project area located near the town of Wells, British Columbia. The Company's Greenfield's team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation's team is focused on completing required studies in order to permit underground mining on Cow and Island Mountains.

Cautionary Statement on Forward-Looking Information
Neither 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

HOLE ID


DEPTH
FROM (M)

DEPTH TO
(M)

LENGTH
(M)

AU
(G/T)



PURPOSE

TARGET

IM-19-001


71.00

75.00

4.00

7.64

Infill and
Exploration

Shaft Zone


Including

71.00

71.60

0.60

40.20




And

74.30

75.00

0.70

9.01





99.30

102.30

3.00

8.78




Including

100.70

101.35

0.65

23.40





127.00

131.00

4.00

4.94




Including

127.00

128.00

1.00

16.65





179.10

179.75

0.65

52.00





189.20

189.70

0.50

15.00





230.10

231.10

1.00

4.09



IM-19-002


243.30

244.30

1.00

4.82

Infill and
Exploration

Shaft Zone

IM-19-003


106.35

112.65

6.30

3.16

Infill

Shaft Zone


Including

106.35

106.85

0.50

11.55




And

111.90

112.65

0.75

11.60



IM-19-004


32.65

36.50

3.85

3.53

Exploration

Mosquito
Creek



57.00

57.80

0.80

5.46





60.00

62.95

2.95

3.74




Including

62.00

62.95

0.95

7.09





186.00

187.70

1.70

9.64




Including

186.00

187.20

1.20

13.10





398.40

402.60

4.20

10.65




Including

402.10

402.60

0.50

85.70



IM-19-005


160.65

166.15

5.50

5.94

Infill and
Exploration

Mosquito
Creek


Including

160.65

161.35

0.70

40.60



IM-19-006


295.10

295.60

0.50

5.49

Stratigraphic

Willow

IM-19-007


26.75

39.90

13.15

10.06

Infill and
Exploration

Shaft Zone


Including

27.35

27.90

0.55

15.15




And

36.00

37.00

1.00

10.45




And

37.00

37.90

0.90

76.40





190.00

192.00

2.00

12.42




Including

191.00

192.00

1.00

22.00



IM-19-008


282.25

283.00

0.75

48.80

Exploration

Mosquito
Creek



290.90

291.40

0.50

15.55





370.40

371.30

0.90

7.16





371.30

372.00

0.70

6.81





398.20

399.00

0.80

14.65





413.10

413.70

0.60

7.93



IM-19-009


18.90

20.40

1.50

13.15

Infill

Shaft Zone



49.90

51.50

1.60

6.06





60.35

61.40

1.05

16.40





71.30

72.00

0.70

4.20





298.50

299.70

1.20

5.12



IM-19-010


158.75

192.00

33.25

1.25

Exploration

Mosquito
Creek


Including

177.60

179.10

1.50

9.57





201.90

202.40

0.50

4.88





339.00

339.60

0.60

66.00



IM-19-011


40.75

41.25

0.50

4.96

Exploration

Shaft Zone



228.10

228.65

0.55

4.02



IM-19-012


136.00

136.80

0.80

3.18

Infill

Shaft Zone



147.20

148.40

1.20

6.35





150.50

151.00

0.50

4.55





153.90

158.25

4.35

5.18




Including

153.90

154.45

0.55

10.95




And

154.45

155.00

0.55

22.00





161.25

171.50

10.25

7.02




Including

161.25

162.00

0.75

7.96




And

162.00

163.40

1.40

31.40




And

169.25

170.60

1.35

11.45



IM-19-013


81.50

82.00

0.50

19.20

Infill and
Exploration

Shaft Zone



85.50

86.50

1.00

10.85





92.00

94.40

2.40

26.24




Including

92.00

93.50

1.50

38.10





111.50

129.40

17.90

19.34




Including

111.50

112.55

1.05

19.25




And

114.55

115.05

0.50

151.50




And

115.05

116.35

1.30

37.90




And

116.85

118.35

1.50

32.80




And

118.35

119.85

1.50

59.30




And

119.85

121.20

1.35

9.19




And

121.20

122.45

1.25

21.50




And

123.20

123.70

0.50

10.25




And

127.90

129.40

1.50

7.38





146.90

147.90

1.00

7.19





151.90

155.85

3.95

5.83




Including

151.90

153.00

1.10

8.25




And

155.30

155.85

0.55

23.10





332.10

335.40

3.30

5.16




Including

334.35

334.90

0.55

28.60





442.45

447.80

5.35

15.78




Including

442.45

443.00

0.55

15.70




And

445.35

446.35

1.00

31.40




And

447.15

447.80

0.65

59.60





460.05

460.55

0.50

3.68



IM-19-014


25.80

26.40

0.60

20.30

Infill

Shaft Zone



35.90

36.85

0.95

8.49





67.60

70.50

2.90

6.65




Including

70.00

70.50

0.50

29.50





92.85

93.40

0.55

8.51





149.50

150.00

0.50

13.45





155.35

156.50

1.15

6.42





182.80

183.85

1.05

28.09



IM-19-015


55.80

56.30

0.50

16.55

Infill

Shaft Zone




Table 2: Drillhole Collar Orientations:

HOLE ID

DIP

AZIMUTH

DEPTH
(M)

IM-19-001

-53

127

888

IM-19-002

-55

125

864

IM-19-003

-47

134

204

IM-19-004

-47

303

426

IM-19-005

-45

299

417

IM-19-006

-46

232

807

IM-19-007

-44

123

351

IM-19-008

-46

308

639

IM-19-009

-45

133

312

IM-19-010

-43

312

622

IM-19-011

-53

134

327

IM-19-012

-53

138

177

IM-19-013

-46

129

651

IM-19-014

-54

134

300

IM-19-015

-58

137

213




SOURCE Barkerville Gold Mines Ltd.



View original content to download multimedia: newswire.ca

[howestreetbull]

by @newswire on February 20, 2019
$BGMZF Barkerville Gold Intersects 7.75 G/t Gold Over 46.0 Meters and Extends Depth of Mineralization 250 Meters at Shaft Zone

TORONTO, Feb. 20, 2019 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "BGM") is pleased to announce the final drilling results from the 2018 Island Mountain exploration and category conversion program at the Company's flagship Cariboo Gold Project and recent results from holes drilled for metallurgical testing.

Recent highlights from the Island Mountain Shaft Zone exploration and delineation program include 9.72 g/t Au over 14.4 meters in hole IM-18-169 located 15 meters from surface within a modelled vein corridor. Drill hole IM-18-176 intersected 32.44 g/t Au over 3.0 meters with a higher-grade intercept 97.80 g/t Au over 0.50 meter. These results, as well as the highlights listed below, demonstrate grade and widths within the modelled vein corridors amenable to successful resource conversion.

Recent intercepts at 600 meters depth include 16.10 g/t Au over 0.55 meter and 14.05 g/t Au over 0.55 meter in hole IM-18-176. The current resource at Shaft Zone deposit is modelled to an average depth of 350 meters. BGM is currently exploring down dip of the known gold mineralization on Shaft Zone with three drill rigs. BGM is currently exploring on Mosquito Creek with two rigs, and testing targets on Barkerville Mountain, Williams Creek and Willow with an additional three rigs. See Company news release dated January 17, 2019 for additional information on the 2019 drill program.

In addition to the delineation drilling, the Company drilled a total of 11 holes on Shaft Zone and Cow Mountain in mineralized vein corridors to collect material for metallurgical testing purposes. The selected assay highlights are presented below and include 7.75 g/t Au over 46.0 meters within hole IM-MET-18-002.

Selected Drilling Highlights:

IM-18-162: 14.55 g/t Au over 3.65 meters
IM-18-164: 34.90 g/t Au over 1.45 meters
IM-18-169: 9.72 g/t Au over 14.40 meters
IM-18-173: 24.97 g/t Au over 2.50 meters
IM-18-174: 9.01 g/t Au over 5.50 meters
IM-18-176: 32.44 g/t Au over 3.00 meters including 97.80 g/t Au over 0.50 meter
IM-18-176: 105.0 g/t Au over 0.65 meter
IM-MET-18-001: 63.63 g/t Au over 1.25 meters
IM-MET-18-001: 142.5 g/t Au over 0.50 meter
IM-MET-18-002: 7.75 g/t Au over 46.0 meters
IM-MET-18-003: 42.10 g/t Au over 1.20 meters
IM-MET-18-003: 110.5 g/t Au over 1.00 meter
IM-MET-18-004: 34.61 g/t Au over 5.00 meters including 137.5 g/t Au over 0.85 meter
CM-MET-18-001: 5.78 g/t Au over 8.25 meters

True widths are estimated to be 50 to 75% of reported core length intervals. Intervals not recovered by
drilling were assigned zero grade. Top cuts have not been applied to high grade assays.



A drill hole location plan map and section are presented below. Detailed drilling results are presented at the end of this release. The Shaft Zone 3D deposit model with assay highlights is located on the Company's website:

Barkerville Gold Mines Ltd. 3D Deposit Model

Mineralized quartz veins on the Cariboo Gold Project are overall sub-vertical dip and northeast strike. Vein corridors are defined as a high-density network of mineralized quartz veins within the sandstones. These corridors have been defined from surface to a vertical depth averaging 300 meters and remain open for expansion at depth and down plunge. Gold grades are intimately associated with vein-hosted pyrite as well as pyritic, intensely silicified wall rock haloes in close proximity to the veins.

Chris Lodder, President and CEO, comments, "these drill results demonstrate the high probability to add significant resources to at least double the depth of our average depth of present resources. This year's drilling will continue to explore these areas to a depth of up to 650 m and extensions for 2 km to the Northwest and 4 km to the Southeast of the defined underground resources".

Qualified Persons

Exploration activities at the Cariboo Gold Project are administered on site by the Company's Project Geologists, Kyle Orr and Felipe Castaneda. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, 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, Maggie Layman, 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).

About Barkerville Gold Mines Ltd.

The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville's Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company's Brownfield's exploration team is focused on upgrading and expanding the May 2018 43-101 compliant resource within the 8 kilometers of principle project area located near the town of Wells, British Columbia. The Company's Greenfield's team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation's team is focused on completing required studies in order to pemit underground mining on Cow and Island Mountains.

Cautionary Statement on Forward -Looking Information

Neither 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.

Shaft Zone Longitudinal Section Looking Northwest 100 Meter Envelope (CNW Group/Barkerville Gold Mines Ltd.)

Modelled Vein Corridor Zones Cariboo - Gold Project (CNW Group/Barkerville Gold Mines Ltd.)

Island Mountain & Cow Mountain Drilling - Cariboo Gold Project (CNW Group/Barkerville Gold Mines Ltd.)

Table 1: Length Weighted Gold Composites

HOLE ID


FROM

TO

LENGTH
(M)

AU
(G/T)

IM-18-162


29.35

33.00

3.65

14.55


Including

31.00

32.00

1.00

42.80



73.00

74.50

1.50

13.75



139.00

139.60

0.60

11.05



157.50

158.15

0.65

11.80

IM-18-163


29.80

34.10

4.30

8.37


Including

33.00

33.60

0.60

30.20

IM-18-164


37.20

38.65

1.45

34.90

IM-18-165


122.70

125.00

2.30

6.13


Including

123.75

125.00

1.25

7.64



126.90

129.00

2.10

11.39


Including

126.90

127.85

0.95

18.90



133.20

133.70

0.50

8.85

IM-18-166


31.35

32.20

0.85

8.56



161.50

162.00

0.50

9.59

IM-18-167


14.50

15.35

0.85

7.38



65.35

65.85

0.50

20.30

IM-18-168


81.75

83.00

1.25

16.50

IM-18-169


21.20

35.60

14.40

9.72


Including

21.20

22.05

0.85

27.60


And

22.05

22.70

0.65

32.20


And

22.70

24.20

1.50

10.30


And

24.20

25.35

1.15

12.45


And

27.00

28.00

1.00

9.77


And

28.00

28.70

0.70

25.10


And

28.70

30.00

1.30

8.82


And

35.00

35.60

0.60

17.55



64.80

65.50

0.70

7.34

IM-18-170


61.85

64.00

2.15

12.71


Including

61.85

63.00

1.15

15.65

IM-18-171


82.40

83.85

1.45

6.26


Including

82.40

83.15

0.75

10.95



88.10

88.70

0.60

23.10



97.90

98.60

0.70

58.70



132.25

132.75

0.50

3.98



158.80

159.35

0.55

15.40

IM-18-172


62.70

63.35

0.65

11.25



121.95

122.50

0.55

10.75



133.00

133.50

0.50

8.08

IM-18-173


60.80

63.30

2.50

24.97


Including

60.80

61.40

0.60

69.50


And

61.40

62.30

0.90

20.20

IM-18-174


33.00

33.90

0.90

4.36



83.50

84.00

0.50

4.71



252.50

258.00

5.50

9.01


Including

253.10

253.65

0.55

19.10


And

253.65

254.80

1.15

22.70


And

257.50

258.00

0.50

20.40



345.00

345.50

0.50

10.50

IM-18-175


87.80

88.40

0.60

10.35



121.75

122.30

0.55

27.00



313.75

316.60

2.85

7.34


Including

313.75

314.25

0.50

24.70


And

316.00

316.60

0.60

12.80



320.60

322.20

1.60

18.58


Including

320.60

321.20

0.60

5.63


And

321.70

322.20

0.50

52.60



324.00

326.85

2.85

3.96



336.80

337.30

0.50

38.60

IM-18-176


70.60

77.70

7.10

4.45


Including

76.80

77.70

0.90

6.11



97.50

99.00

1.50

4.76



185.00

185.50

0.50

8.84



188.00

189.00

1.00

21.48


Including

188.00

188.50

0.50

29.80



222.00

225.00

3.00

32.44


Including

222.00

222.50

0.50

97.80


And

223.60

224.30

0.70

63.00



271.80

272.45

0.65

105.00



294.30

294.80

0.50

6.93



349.50

352.40

2.90

9.06


Including

351.50

352.40

0.90

25.10



388.30

388.80

0.50

17.35



656.37

657.35

0.98

4.63



760.85

761.40

0.55

16.10



767.85

768.40

0.55

14.05



786.30

786.80

0.50

6.24



789.55

790.05

0.50

4.60

IM-18-177


66.60

67.70

1.10

6.62



96.60

97.10

0.50

24.30



121.10

121.80

0.70

5.08



123.90

124.70

0.80

8.47



129.70

130.30

0.60

5.89



287.80

290.60

2.80

6.02


Including

289.60

290.60

1.00

11.30



514.00

514.50

0.50

8.34



792.00

793.50

1.50

4.40



818.00

818.50

0.50

4.33

IM-MET-18-001


31.00

32.25

1.25

63.63


Including

31.00

31.50

0.50

142.50



52.30

53.50

1.20

4.22



150.90

152.15

1.25

7.64



218.75

219.35

0.60

5.70



230.90

232.00

1.10

5.97



262.80

263.30

0.50

7.23



266.35

267.50

1.15

6.81



276.00

277.50

1.50

4.07



295.50

296.00

0.50

5.08



386.40

387.50

1.10

19.40



483.00

483.80

0.80

7.78

IM-MET-18-002


47.30

48.00

0.70

4.58



69.00

70.10

1.10

33.90



74.00

120.00

46.00

7.75


Including

76.60

77.20

0.60

9.11


And

77.20

78.30

1.10

10.50


And

78.30

79.10

0.80

19.15


And

80.50

81.40

0.90

12.85


And

83.50

84.00

0.50

25.60


And

84.00

85.50

1.50

19.00


And

86.00

87.50

1.50

12.30


And

87.50

89.00

1.50

14.45


And

93.00

94.50

1.50

13.00


And

94.50

95.00

0.50

13.95


And

95.00

96.10

1.10

42.40


And

98.50

99.40

0.90

9.49


And

101.50

103.00

1.50

10.85


And

103.00

104.50

1.50

16.85


And

114.50

116.00

1.50

22.50


And

116.00

116.65

0.65

24.00


And

119.00

120.00

1.00

20.40



143.50

145.00

1.50

15.25



150.00

150.50

0.50

9.40



174.50

176.00

1.50

10.95



186.50

187.50

1.00

4.22



212.30

212.80

0.50

4.44



214.50

216.85

2.35

13.34


Including

215.50

216.85

1.35

19.10



222.00

222.50

0.50

46.60



232.50

234.00

1.50

28.50



238.50

240.00

1.50

8.87

IM-MET-18-003


229.35

234.60

5.25

7.12


Including

230.85

231.55

0.70

9.84


And

232.50

233.40

0.90

24.10



250.00

251.50

1.50

4.70



272.80

276.40

3.60

9.94


Including

273.40

274.00

0.60

26.20


And

275.00

276.40

1.40

11.05



280.80

281.30

0.50

9.95



282.50

283.70

1.20

5.44



328.20

329.25

1.05

11.75



331.50

332.70

1.20

42.10



351.00

352.00

1.00

110.50



356.80

358.00

1.20

11.80



400.40

401.80

1.40

5.55

IM-MET-18-004


27.85

32.85

5.00

34.61


Including

28.80

29.90

1.10

27.00


And

29.90

30.75

0.85

137.50


And

30.75

32.10

1.35

13.35



110.65

112.30

1.65

26.45


Including

111.45

112.30

0.85

39.10



126.90

128.40

1.50

5.05



147.25

147.80

0.55

4.12



168.10

171.85

3.75

11.25


Including

168.10

169.40

1.30

17.80


And

170.25

170.75

0.50

25.20


And

171.35

171.85

0.50

11.40

CM-MET-18-001


6.15

6.75

0.60

11.15



62.25

70.50

8.25

5.78


Including

62.25

63.00

0.75

20.90


And

64.50

65.50

1.00

15.40


And

70.00

70.50

0.50

15.25



85.20

86.00

0.80

6.37



91.50

92.35

0.85

26.20



129.80

130.70

0.90

4.21



154.85

155.35

0.50

11.85

CM-MET-18-002


108.15

108.70

0.55

19.90



138.35

140.10

1.75

12.03



157.15

157.70

0.55

24.40



197.20

198.10

0.90

29.20



243.27

245.00

1.73

11.90


Including

243.27

244.40

1.13

16.35



259.40

259.90

0.50

15.40



262.80

263.40

0.60

13.75

CM-MET-18-003


29.50

33.90

4.40

9.70


Including

29.50

30.00

0.50

15.70


And

31.95

32.60

0.65

46.20


And

33.40

33.90

0.50

7.57

CM-MET-18-004


30.50

31.70

1.20

32.90



38.00

39.00

1.00

5.85



42.00

43.50

1.50

4.23



75.50

76.00

0.50

31.80

CM-MET-18-005


11.00

12.00

1.00

14.60



28.70

29.30

0.60

4.30



33.00

33.50

0.50

28.10



42.70

43.30

0.60

14.20

CM-MET-18-006


28.85

29.65

0.80

12.75



32.70

33.20

0.50

5.13



36.50

37.45

0.95

30.00



38.73

39.23

0.50

7.12



58.80

61.35

2.55

6.19


Including

60.50

61.35

0.85

12.50



138.40

139.50

1.10

4.84



150.20

152.30

2.10

6.62


Including

150.95

152.30

1.35

8.35

CM-MET-18-007

Hole
Abandoned





CM-MET-18-008


67.00

68.35

1.35

6.13



84.75

85.25

0.50

14.65



87.00

87.50

0.50

6.38



91.50

96.15

4.65

5.06



106.10

111.15

5.05

4.95


Including

106.10

106.60

0.50

22.40


And

109.90

111.15

1.25

7.56



118.90

119.40

0.50

6.16



146.35

147.00

0.65

4.57



Table 2: Drillhole Collar Orientations:

HOLE ID

AZIMUTH

DIP

IM-18-162

129

-57

IM-18-163

138

-61

IM-18-164

120

-59

IM-18-165

134

-55

IM-18-166

131

-58

IM-18-167

139

-49

IM-18-168

119

-53

IM-18-169

114

-47

IM-18-170

122

-45

IM-18-171

132

-61

IM-18-172

152

-59

IM-18-173

122

-45

IM-18-174

98

-45

IM-18-175

101

-44

IM-18-176

122

-46

IM-18-177

119

-45

IM-MET-18-001

125

-45

IM-MET-18-002

105

-45

IM-MET-18-003

116

-61

IM-MET-18-004

124

-45

CM-MET-18-001

122

-49

CM-MET-18-002

122

-61

CM-MET-18-003

120

-45

CM-MET-18-004

124

-44

CM-MET-18-005

128

-60

CM-MET-18-006

138

-58

CM-MET-18-008

321

-44



Barkerville Gold Mines Ltd. (CNW Group/Barkerville Gold Mines Ltd.)

SOURCE Barkerville Gold Mines Ltd.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2019/20/c5444.html

[supervalue]

Lot of gold but sides of mountain tricky spots !

[howestreetbull]

BGM.v $BGMZF Barkerville Gold Intersects 30.16 G/t Gold Over 2.80 Meters and 11.77 G/t Gold Over 5.00 Meters

V.BGM | 47 minutes ago

Canada NewsWire

TORONTO, Jan. 23, 2019

HIGH-GRADE INTERCEPTS INCLUDE 98.80 G/T GOLD OVER 0.80 METER 105 G/T GOLD OVER 0.50 METER

TORONTO, Jan. 23, 2019 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce the final drilling results from the 2018 Cow Mountain exploration and category conversion program at the Company's flagship Cariboo Gold Project. A total of 63,970 meters were drilled in 231 holes on Cow Mountain during the 2018 drill program and demonstrated continuity of high-grade gold mineralization within vein corridors and extensions down dip and down plunge.

Recent highlights from the Cow Mountain exploration and delineation program include 12.26 g/t Au over 7.60 meters in hole CM-18-206 including high-grade intercept of 97.8 g/t Au over 0.80 meter, located 15 meters up dip of hole CM-18-140 that intersected 37.87 g/t Au over 4.75 meters. The Company is currently working on an updated model to include the additional 231 holes.

Selected Drilling Highlights:

CM-18-201: 30.16 g/t Au over 2.8 metersCM-18-206: 12.26 g/t Au over 7.60 meters including 97.8 g/t Au over 0.80 metersCM-18-211: 105 g/t Au over 0.50 metersCM-18-220: 7.24 g/t Au over 5.50 metersCM-18-222: 11.77 g/t Au over 5.00 meters CM-18-222: 11.08 g/t Au over 6.00 metersCM-18-227: 46.49 g/t Au over 1.95 metersCM-18-231: 18.79 g/t Au over 3.95 metersTrue widths are estimated to be 50 to 75% of reported core length intervals. Intervals not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays.

A drill hole location plan map and section are presented below. Detailed drilling results are presented at the end of this release. The Cow Mountain 3D deposit model with assay highlights is located on the Company's website:

Barkerville Gold Mines Ltd. 3D Deposit Model

The drill program at Cow Mountain was designed to infill and expand high-grade gold-mineralized vein corridors modelled in the May 2018 Cow Mountain resource estimate. Vein corridors are defined as a high-density network of mineralized quartz veins within the sandstones. Mineralized quartz veins on the Cariboo Gold Project are overall sub-vertical dip and northeast strike. These corridors have been defined from surface to a vertical depth of up to 300 meters and remain open for expansion at depth and down plunge. 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 Project Geologists, Kyle Orr and Felipe Castaneda. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, 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, Maggie Layman, 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).

About Barkerville Gold Mines Ltd.

The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville's Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company's Brownfield's exploration team is focused on upgrading and expanding the May 2018 43-101 compliant resource within the 8 kilometers of principle project area located near the town of Wells, British Columbia. The Company's Greenfield's team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation's team is focused on completing required studies in order to pemit underground mining on Cow and Island Mountains.

Cautionary Statement on Forward-Looking Information
Neither 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.

image: mma.prnewswire.com



image: mma.prnewswire.com



image: mma.prnewswire.com



Table 1: Length Weighted Gold Composites from Cow Mountain







HOLE ID


FROM

TO

LENGTH
(M)

AU (G/T)

CM-18-201


15.55

16.55

1.00

24.50



46.65

47.25

0.60

61.60



56.75

57.25

0.50

98.50



117.50

120.30

2.80

30.16


Including

117.50

118.85

1.35

7.18


And

119.40

120.30

0.90

83.00



127.50

128.15

0.65

5.56



188.20

188.75

0.55

34.30

CM-18-202


27.65

28.15

0.50

11.75



39.65

43.45

3.80

7.42


Including

39.65

40.15

0.50

12.25


And

40.15

40.65

0.50

22.50


And

42.65

43.45

0.80

8.91



48.55

49.05

0.50

44.90



64.10

69.00

4.90

5.80


Including

64.60

65.15

0.55

15.55


And

65.15

65.90

0.75

15.70



79.25

79.80

0.55

5.85



187.50

188.00

0.50

12.00

CM-18-203


109.50

110.00

0.50

14.50



161.80

162.80

1.00

16.95



212.70

214.25

1.55

4.82


Including

212.70

213.45

0.75

7.97

CM-18-204


42.00

42.80

0.80

3.76

CM-18-205


203.00

203.50

0.50

6.67



225.50

226.00

0.50

3.62

CM-18-206


69.95

70.45

0.50

4.23



77.50

78.00

0.50

8.77



214.00

221.60

7.60

12.26


Including

214.00

214.50

0.50

5.72


And

215.70

216.55

0.85

5.44


And

217.80

218.30

0.50

10.05


And

220.80

221.60

0.80

97.80



240.00

240.50

0.50

4.07

CM-18-207


62.65

63.25

0.60

11.50



92.65

94.30

1.65

24.11


Including

92.65

93.25

0.60

58.30

CM-18-208


74.10

75.70

1.60

4.47


Including

75.20

75.70

0.50

11.10



101.15

101.75

0.60

5.68

CM-18-209


126.10

127.00

0.90

9.35



152.70

154.00

1.30

3.78



176.00

176.70

0.70

14.05

CM-18-210


33.70

34.75

1.05

3.62



88.00

90.35

2.35

7.68


Including

88.00

88.50

0.50

16.50


And

89.65

90.35

0.70

13.55



112.25

115.65

3.40

5.55


Including

112.25

112.90

0.65

17.05

CM-18-211


47.25

50.60

3.35

16.97


Including

47.25

47.75

0.50

11.85


And

47.75

48.35

0.60

67.30


And

50.10

50.60

0.50

20.80



56.30

56.85

0.55

6.68



59.70

60.20

0.50

14.40



69.20

69.70

0.50

5.09



119.80

120.30

0.50

105.00



139.40

140.30

0.90

7.89



146.05

148.05

2.00

14.39


Including

146.90

147.55

0.65

43.30



165.20

166.35

1.15

9.99



276.40

276.90

0.50

7.91

CM-18-212


51.80

52.30

0.50

35.10

CM-18-213


121.00

126.20

5.20

6.08


Including

124.25

124.75

0.50

58.50



134.70

136.00

1.30

5.03

CM-18-214


82.25

82.75

0.50

18.80



211.80

215.35

3.55

7.18


Including

211.80

212.30

0.50

9.56


And

212.30

213.00

0.70

14.40


And

213.00

213.80

0.80

9.35

CM-18-215


17.30

18.00

0.70

56.10



91.05

92.20

1.15

7.76



94.20

94.90

0.70

7.13



109.85

110.70

0.85

9.10

CM-18-216


22.80

25.70

2.90

5.88


Including

22.80

23.45

0.65

12.05


And

25.00

25.70

0.70

12.80



43.75

46.95

3.20

5.36


Including

43.75

44.25

0.50

16.50


And

46.00

46.95

0.95

9.21



64.30

64.80

0.50

4.29



71.30

71.95

0.65

4.29



76.90

77.60

0.70

4.52



90.60

92.50

1.90

6.97


Including

90.60

91.50

0.90

11.65



109.50

110.15

0.65

15.55



114.95

116.50

1.55

9.87


Including

114.95

115.55

0.60

17.80


And

116.00

116.50

0.50

7.82



135.90

136.50

0.60

8.48



159.10

159.70

0.60

5.00

CM-18-217


15.00

16.10

1.10

9.99



43.00

44.50

1.50

20.70



119.65

120.15

0.50

4.03



261.90

262.45

0.55

7.53



290.85

291.40

0.55

12.95



316.20

316.85

0.65

8.74



347.65

349.35

1.70

8.45

CM-18-218


51.15

51.85

0.70

8.48



76.70

78.30

1.60

5.04


Including

76.70

77.20

0.50

11.75

CM-18-219

No Significant Assays




CM-18-220


17.50

18.90

1.40

13.75



82.70

83.50

0.80

10.25



87.00

92.50

5.50

7.24


Including

87.00

88.10

1.10

26.20


And

91.00

92.50

1.50

5.28

CM-18-221


18.90

19.70

0.80

4.60



67.35

68.60

1.25

11.55

CM-18-222


29.00

34.00

5.00

11.77


Including

29.00

30.00

1.00

50.20


And

33.50

34.00

0.50

11.10



90.40

96.40

6.00

11.08


Including

90.40

91.20

0.80

12.50


And

95.70

96.40

0.70

77.30

CM-18-223

No Significant Assays




CM-18-224


22.40

23.00

0.60

5.37



76.50

77.00

0.50

15.90



83.70

84.70

1.00

4.74



87.40

88.30

0.90

21.10

CM-18-225

No Significant Assays




CM-18-226


34.15

35.15

1.00

29.10



93.15

94.10

0.95

10.65



110.00

111.10

1.10

4.58

CM-18-227


40.10

42.05

1.95

46.49


Including

40.10

40.90

0.80

65.60


And

41.40

42.05

0.65

58.70

CM-18-228


78.20

78.80

0.60

10.90



143.80

144.90

1.10

6.27



147.50

148.00

0.50

5.78



208.50

209.00

0.50

4.91

CM-18-229


126.00

126.70

0.70

23.30



136.80

140.90

4.10

6.63


Including

139.40

140.90

1.50

15.90



147.00

149.60

2.60

5.82


Including

148.15

149.00

0.85

11.75



154.50

155.85

1.35

6.69

CM-18-230


104.95

105.50

0.55

27.90



150.90

151.70

0.80

14.90



212.65

213.50

0.85

36.50



221.30

225.00

3.70

6.35


Including

221.30

222.00

0.70

4.12


And

223.90

225.00

1.10

18.40

CM-18-231


30.30

31.00

0.70

6.66



47.10

49.50

2.40

13.80


Including

47.10

47.60

0.50

22.90


And

49.00

49.50

0.50

35.70



61.75

65.70

3.95

18.79


Including

64.90

65.70

0.80

89.20



84.25

84.80

0.55

34.10



169.50

170.20

0.70

6.63



277.00

277.50

0.50

7.37




Table 2: Drillhole Collar Orientations:

HOLE ID

AZIMUTH

DIP

CM-18-201

309

-49

CM-18-202

142

-46

CM-18-203

141

-65

CM-18-204

140

-45

CM-18-205

310

-45

CM-18-206

139

-45

CM-18-207

140

-60

CM-18-208

136

-59

CM-18-209

310

-60

CM-18-210

296

-45

CM-18-211

142

-53

CM-18-212

139

-50

CM-18-213

131

-56

CM-18-214

155

-52

CM-18-215

289

-58

CM-18-216

130

-60

CM-18-217

136

-50

CM-18-218

289

-45

CM-18-219

116

-45

CM-18-220

290

-65

CM-18-221

304

-44

CM-18-222

140

-63

CM-18-223

113

-54

CM-18-224

300

-51

CM-18-225

140

-49

CM-18-226

145

-55

CM-18-227

139

-54

CM-18-228

146

-61

CM-18-229

120

-52

CM-18-230

139

-60

CM-18-231

150

-50




image: mma.prnewswire.com



SOURCE Barkerville Gold Mines Ltd.

image: rt.newswire.ca

View original content to download multimedia: newswire.ca

Tags:
GOLD

[howestreetbull]

BGM.v $BGMZF Barkerville Gold Intersects 9.85 g/t Gold Over 10.40 Meters and 8.96 g/t Gold Over 8.60 Meters
by @newswire on January 10, 2019

HIGH-GRADE INTERCEPTS INCLUDE 102.50 G/T GOLD OVER 0.60 METER, 180.50 G/T GOLDOVER 0.55 METER, 169.50 G/T GOLD OVER 0.50 METER

TORONTO, Jan. 10, 2019 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce drilling results of 50 holes from the 2018 Cow Mountain exploration and category conversion program at the Company's flagship Cariboo Gold Project. The recent drilling results demonstrate continuity of high grade gold mineralization within vein corridors and extensions down dip and down plunge. A total of 63,970 meters in 231 holes were drilled on Cow Mountain during the 2018 drill program.

Recent highlights from the Cow Mountain exploration and delineation program include 10.47 g/t Au over 7.30 meters in hole CM-18-164, located 20 meters down dip from CM-18-159, that intersected 8.70 g/t Au over 3.35 meters within an existing vein corridor. CM-18-153 intersected 8.96 g/t Au over 8.60 meters, including high grade intercepts of 17.40 g/t Au over 0.85 meter, 9.35 g/t Au over 0.50 meter and 33.30 g/t Au over 0.70 meter.

Selected Drilling Highlights:

CM-18-151: 29.87 g/t Au over 3.85meters including 102.50 g/t Au over 0.60 meters
CM-18-153: 8.96 g/t Au over 8.60 meters
CM-18-158: 9.85 g/t Au over 10.40 meters
CM-18-159: 169.50 g/t Au over 0.50 meter
CM-18-159: 8.70 g/t Au over 3.35 meters
CM-18-164: 10.47 g/t Au over 7.30 meters
CM-18-172: 9.08 g/t Au over 4.55 meters
CM-18-172: 35.32 g/t Au over 3.50 meters including 180.50 g/t Au over 0.55 meter
CM-18-178: 73.70 g/t Au over 0.70 meter
CM-18-186: 10.39 g/t Au over 3.65 meters
CM-18-187: 11.09 g/t Au over 3.10 meters
CM-18-197: 7.05 g/t Au over 6.65 meters
CM-18-198: 45.50 g/t Au over 0.95 meter


True widths are estimated to be 50 to 75% of reported core length intervals. Intervals not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays.





A drill hole location plan map and section are presented below. Detailed drilling results are presented at the end of this release. The Cow Mountain 3D deposit model with assay highlights is located on the Company's website:

Barkerville Gold Mines Ltd. 3D Deposit Model

The drill program at Cow Mountain was designed to infill and expand high-grade gold-mineralized vein corridors modelled in the May 2018 Cow Mountain resource estimate. Vein corridors are defined as a high-density network of mineralized quartz veins within the sandstones. Mineralized quartz veins on the Cariboo Gold Project are overall sub-vertical dip and northeast strike. These corridors have been defined from surface to a vertical depth of up to 300 meters and remain open for expansion at depth and down plunge. 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 Project Geologists, Kyle Orr and Felipe Castaneda. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, 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, Maggie Layman, 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).

About Barkerville Gold Mines Ltd.

The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville's Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company's Brownfield's exploration team is focused on developing and delineating a mineable resource within the 7 kilometers of principle project area located near the town of Wells, British Columbia. The Company's Greenfield's team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation's team is focused on developing and mining the Bonanza Ledge and BC Vein deposits on Barkerville Mountain. This operation allows the company to generate near term cash flow, train a local work force, keeps the present mining permit active, and de-risk's the project through staged production growth. Processing of material from these deposits is processed at the QR mill. QR is a fully owned, permitted mill and tailings facility, located approximately 110 kilometres away from Wells, and can be accessed by an all-season road.

Cautionary Statement on Forward -Looking Information
Neither 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 from Cow Mountain







HOLE ID


FROM

TO

LENGTH (M)

AU (G/T)

CM-18-151


37.50

39.20

1.70

19.52


Including

37.50

38.00

0.50

58.40


And

38.70

39.20

0.50

7.43



50.60

53.00

2.40

3.95


Including

51.50

52.00

0.50

7.56


And

52.50

53.00

0.50

6.41



73.70

74.20

0.50

6.26



89.50

93.35

3.85

29.87


Including

89.50

90.05

0.55

10.10


And

90.05

90.65

0.60

102.50


And

92.60

93.35

0.75

59.20



217.50

218.00

0.50

4.83

CM-18-152


75.60

76.10

0.50

4.48



250.50

253.35

2.85

7.86


Including

250.50

251.25

0.75

26.40



273.15

273.65

0.50

17.15



283.20

283.70

0.50

26.10



359.80

360.80

1.00

7.01

CM-18-153


237.90

246.50

8.60

8.96


Including

241.20

242.05

0.85

17.40


And

242.05

242.55

0.50

9.35


And

244.15

244.85

0.70

33.30



251.25

251.75

0.50

6.79



262.30

262.80

0.50

4.38

CM-18-154


48.00

48.60

0.60

6.46

CM-18-155

No Significant Assays





CM-18-156


63.00

63.50

0.50

7.25



106.00

106.50

0.50

4.20



148.35

148.85

0.50

24.30



181.00

182.50

1.50

4.81

CM-18-157


43.60

44.20

0.60

4.62

CM-18-158


189.10

199.50

10.40

9.85


Including

189.10

190.10

1.00

48.90


And

190.10

190.80

0.70

10.20


And

194.50

195.10

0.60

9.78


And

195.10

196.00

0.90

16.85


And

197.20

198.00

0.80

16.55



239.50

240.00

0.50

4.98



273.90

274.50

0.60

4.36



399.70

401.35

1.65

8.35


Including

400.60

401.35

0.75

10.70

CM-18-159


140.70

141.20

0.50

169.50



150.60

151.20

0.60

8.25



157.20

161.15

3.95

5.50


Including

158.20

159.00

0.80

14.55


And

159.00

160.00

1.00

8.76



203.40

205.90

2.50

8.38


Including

205.20

205.90

0.70

27.20



217.50

218.00

0.50

4.81



233.30

233.80

0.50

8.43



242.70

243.40

0.70

4.75



339.20

341.70

2.50

6.75


Including

340.00

340.70

0.70

7.50


And

340.70

341.70

1.00

8.76



347.55

348.05

0.50

8.10



349.65

353.00

3.35

8.70


Including

349.65

350.65

1.00

15.65


And

352.35

353.00

0.65

18.85



359.90

360.40

0.50

8.13

CM-18-160


177.50

178.15

0.65

8.64



250.85

252.00

1.15

10.52


Including

250.85

251.50

0.65

15.45



328.15

329.00

0.85

5.14

CM-18-161


52.70

53.75

1.05

19.65



57.40

57.90

0.50

10.00



66.45

67.00

0.55

4.97



114.30

115.00

0.70

21.70



189.50

195.00

5.50

4.78


Including

191.00

192.00

1.00

11.05


And

193.50

195.00

1.50

7.19

CM-18-162


109.40

110.00

0.60

17.10



118.90

119.50

0.60

11.20

CM-18-163


67.50

72.00

4.50

4.90


Including

67.50

68.30

0.80

15.40


And

71.20

72.00

0.80

8.33



189.90

190.50

0.60

12.75

CM-18-164


194.10

194.80

0.70

14.45



201.90

202.40

0.50

6.33



221.60

222.10

0.50

21.40



223.60

224.20

0.60

4.40



230.50

231.00

0.50

21.80



241.20

241.70

0.50

8.11



246.50

247.00

0.50

5.14



257.25

257.75

0.50

4.51



303.70

304.25

0.55

4.00



321.30

321.80

0.50

5.39



348.80

350.45

1.65

18.35


Including

348.80

349.45

0.65

15.05


And

349.95

350.45

0.50

40.50



360.20

360.70

0.50

9.44



365.70

373.00

7.30

10.47


Including

365.70

366.25

0.55

49.30


And

368.00

368.75

0.75

23.20


And

369.45

370.15

0.70

11.65


And

371.40

372.20

0.80

11.95

CM-18-165


74.50

76.00

1.50

5.02



80.35

81.00

0.65

4.98



118.00

118.60

0.60

18.10

CM-18-166


119.25

119.75

0.50

5.76



122.50

123.00

0.50

18.60



135.00

135.50

0.50

5.48



137.40

138.00

0.60

4.70



179.20

180.00

0.80

4.36



196.25

197.20

0.95

5.55



362.30

362.85

0.55

5.64



469.25

469.70

0.45

4.78

CM-18-167


118.80

120.80

2.00

10.47


Including

120.30

120.80

0.50

22.50



129.00

129.90

0.90

9.34



138.10

138.60

0.50

7.29



180.30

181.60

1.30

10.85



246.60

247.25

0.65

10.45



261.45

262.00

0.55

9.66



308.80

309.53

0.73

9.55

CM-18-168


214.90

215.40

0.50

39.90



216.00

216.50

0.50

11.70



246.90

247.50

0.60

11.75



262.80

263.30

0.50

4.65

CM-18-169


233.80

234.30

0.50

15.10



267.60

268.35

0.75

14.05



310.00

310.50

0.50

20.10



361.45

361.95

0.50

10.50



365.70

366.20

0.50

10.55



369.70

370.60

0.90

22.70



406.25

407.05

0.80

32.90

CM-18-170


109.85

110.35

0.50

17.90



144.10

144.65

0.55

23.80



174.45

175.25

0.80

6.10



211.65

212.85

1.20

26.66


Including

212.35

212.85

0.50

35.00



322.15

323.05

0.90

5.19

CM-18-171

No Significant Assays





CM-18-172


176.25

180.80

4.55

9.08


Including

179.20

179.75

0.55

46.30


And

179.75

180.30

0.55

9.08


And

180.30

180.80

0.50

9.56



277.55

281.05

3.50

35.32


Including

277.55

278.10

0.55

180.50


And

279.30

280.00

0.70

14.15


And

280.00

281.05

1.05

12.10



373.10

375.00

1.90

5.13


Including

374.40

375.00

0.60

10.15



409.95

412.40

2.45

9.07


Including

409.95

411.00

1.05

11.80


And

411.00

411.85

0.85

9.89



413.80

414.20

0.40

4.02

CM-18-173


116.00

116.50

0.50

5.16



134.40

135.00

0.60

10.25



190.75

191.35

0.60

4.71



196.40

197.45

1.05

4.34



240.75

241.85

1.10

11.56



244.50

245.00

0.50

17.35



301.90

302.40

0.50

7.29



321.05

324.55

3.50

8.13


Including

321.05

321.85

0.80

15.60


And

323.85

324.55

0.70

21.10



332.50

333.00

0.50

11.25



337.00

339.00

2.00

5.77


Including

338.50

339.00

0.50

16.45

CM-18-174


95.75

96.25

0.50

5.70



141.00

141.65

0.65

4.16



165.00

166.30

1.30

17.98


Including

165.50

166.30

0.80

22.00



208.40

209.35

0.95

25.30

CM-18-175


154.00

154.50

0.50

6.82



191.30

191.80

0.50

8.25



231.50

232.15

0.65

14.60



253.80

254.30

0.50

6.74



367.70

369.70

2.00

4.81


Including

367.70

368.90

1.20

5.40

CM-18-176


127.65

130.55

2.90

5.91


Including

130.00

130.55

0.55

7.67

CM-18-177


74.80

75.20

0.40

8.27



107.50

108.00

0.50

5.63

CM-18-178


172.50

173.00

0.50

9.95



185.25

186.00

0.75

9.69



246.87

249.50

2.63

4.06


Including

246.87

247.50

0.63

8.12


And

249.00

249.50

0.50

5.76



255.75

257.10

1.35

6.35



261.10

261.60

0.50

21.90



268.20

268.90

0.70

73.70



271.65

272.20

0.55

6.96



294.00

294.75

0.75

9.49

CM-18-179


121.80

122.30

0.50

10.50



139.95

141.55

1.60

5.25



202.80

204.00

1.20

35.44


Including

202.80

203.50

0.70

44.40



205.80

206.30

0.50

4.30



213.00

214.50

1.50

5.86

CM-18-180


158.50

159.00

0.50

5.07



175.00

175.50

0.50

13.40

CM-18-181


70.10

70.60

0.50

7.72



328.10

328.60

0.50

5.37

CM-18-182


106.90

108.00

1.10

7.48



128.25

130.50

2.25

5.25


Including

129.00

129.85

0.85

10.85



197.85

201.80

3.95

7.63


Including

197.85

198.50

0.65

18.80


And

200.20

201.00

0.80

14.60



292.95

294.20

1.25

6.98


Including

292.95

293.70

0.75

9.78

CM-18-183


223.70

224.20

0.50

64.80



261.55

262.00

0.45

4.87



283.60

286.50

2.90

8.66


Including

283.60

284.10

0.50

8.83


And

284.60

285.45

0.85

18.65

CM-18-184


171.00

172.10

1.10

5.93


Including

171.00

171.50

0.50

10.50



211.60

212.10

0.50

7.80



223.20

223.70

0.50

7.73



226.00

226.50

0.50

41.40



240.40

242.10

1.70

11.42


Including

240.40

241.00

0.60

9.05


And

241.60

242.10

0.50

27.80

CM-18-185

No Significant Assays





CM-18-186


95.20

96.60

1.40

19.92


Including

95.20

96.00

0.80

25.30



122.00

122.50

0.50

4.56



199.20

201.50

2.30

7.86


Including

201.00

201.50

0.50

21.70



228.00

228.50

0.50

12.95



239.50

240.00

0.50

4.73



261.45

265.10

3.65

10.39


Including

261.45

262.10

0.65

20.80


And

262.10

263.00

0.90

21.50


And

264.55

265.10

0.55

7.78

CM-18-187


49.50

50.50

1.00

21.60



81.30

81.80

0.50

12.90



118.30

118.80

0.50

41.50



148.90

149.60

0.70

5.81



214.20

217.30

3.10

11.09


Including

214.20

214.70

0.50

9.13


And

214.70

215.40

0.70

17.80


And

216.30

217.30

1.00

15.75



368.50

369.50

1.00

5.21

CM-18-188


219.00

219.50

0.50

12.85

CM-18-189


92.90

93.60

0.70

5.42



101.50

104.90

3.40

6.29


Including

102.70

103.25

0.55

34.00



244.65

245.20

0.55

20.30



260.40

261.00

0.60

5.41

CM-18-190


62.50

64.00

1.50

4.42



230.25

230.75

0.50

7.66



262.15

263.00

0.85

3.76

CM-18-191

No Significant Assays





CM-18-192


10.75

11.40

0.65

12.20



69.00

69.50

0.50

5.31



78.50

79.00

0.50

5.89



101.50

102.00

0.50

6.43



172.00

173.50

1.50

6.56



183.60

184.10

0.50

20.50



198.20

198.70

0.50

8.32



235.20

235.70

0.50

12.50

CM-18-193


60.00

60.50

0.50

6.88

CM-18-194


209.85

210.40

0.55

5.37

CM-18-195


67.70

68.40

0.70

6.11



129.80

130.30

0.50

4.15



212.15

212.75

0.60

8.37



224.35

225.00

0.65

5.58



229.75

230.30

0.55

21.40

CM-18-196


30.00

31.00

1.00

5.73



79.10

79.60

0.50

14.70



135.70

136.70

1.00

9.61


Including

135.70

136.20

0.50

11.00



183.00

183.50

0.50

5.93

CM-18-197


12.45

19.10

6.65

7.05


Including

12.45

12.95

0.50

64.20


And

17.45

18.45

1.00

7.78


And

18.45

19.10

0.65

5.72



44.05

44.55

0.50

52.90



61.00

62.00

1.00

4.23



93.00

93.50

0.50

21.90



117.50

119.00

1.50

10.62


Including

117.50

118.00

0.50

24.10


And

118.50

119.00

0.50

7.73



176.45

176.95

0.50

5.45



188.00

188.60

0.60

28.80

CM-18-198


113.30

114.25

0.95

45.50



120.90

123.00

2.10

4.30


Including

121.55

122.05

0.50

8.95



218.10

218.65

0.55

11.00

CM-18-199


208.35

209.30

0.95

45.00



223.50

224.50

1.00

12.20

CM-18-200


83.90

84.75

0.85

11.35



199.20

200.00

0.80

4.35



252.35

253.65

1.30

9.61



261.15

261.95

0.80

7.78



297.15

297.65

0.50

5.40




Table 2: Drillhole Collar Orientations:

HOLE ID

Azimuth

Dip

CM-18-151

125

-50

CM-18-152

137

-54

CM-18-153

134

-56

CM-18-154

129

-60

CM-18-155

121

-58

CM-18-156

286

-66

CM-18-157

140

-51

CM-18-158

129

-48

CM-18-160

130

-52

CM-18-159

118

-54

CM-18-161

284

-60

CM-18-162

325

-45

CM-18-163

326

-65

CM-18-164

138

-47

CM-18-165

152

-47

CM-18-166

131

-49

CM-18-167

120

-56

CM-18-169

137

-51

CM-18-170

136

-50

CM-18-171

123

-53

CM-18-173

124

-53

CM-18-172

139

-52

CM-18-174

132

-56

CM-18-175

132

-55

CM-18-176

125

-50

CM-18-177

130

-58

CM-18-178

129

-46

CM-18-179

144

-53

CM-18-168

131

-49

CM-18-180

117

-45

CM-18-181

126

-54

CM-18-182

140

-57

CM-18-185

150

-59

CM-18-183

120

-51

CM-18-184

148

-53

CM-18-186

152

-65

CM-18-187

114

-51

CM-18-188

123

-54

CM-18-189

140

-57

CM-18-190

137

-52

CM-18-191

315

-56

CM-18-192

296

-47

CM-18-195

139

-47

CM-18-193

115

-59

CM-18-194

123

-50

CM-18-196

294

-56

CM-18-197

313

-54

CM-18-198

136

-45

CM-18-199

135

-53

CM-18-200

139

-52






SOURCE Barkerville Gold Mines Ltd.



View original content to download multimedia: newswire.ca

[howestreetbull]

BGM.v BGMZF Barkerville Completes $28.5 Million Financing Of Common Shares And Flow-Through Shares; Announces 2018 Corporate Updates
by @nasdaq on December 18, 2018
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, Dec. 18, 2018 (GLOBE NEWSWIRE) -- Barkerville Gold Mines Ltd. (TSXV:BGM) ("Barkerville" or the "Corporation") is pleased to announce, further to its announcements on November 26, 2018 and December 6, 2018, that the Corporation has completed a brokered private placement financing of (i) 40,132,581 common shares of the Corporation that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) ("Tranche One Flow-Through Shares") at a price of $0.50 per share for gross proceeds of $20,066,290.50, (ii) 3,625,000 common shares of the Corporation that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) ("Tranche Two Flow-Through Shares") at a price of $0.40 per share for gross proceeds of $1,450,000, and (iii) 20,554,941 common shares of the Corporation ("Common Shares") at a price of $0.34 per share for gross proceeds of $6,988,679.94 (the "Offering").

The Offering was led by Haywood Securities Inc., on behalf of a syndicate of underwriters that included Cormark Securities Inc. and Canaccord Genuity Corp. (collectively, the "Underwriters"). In consideration for their services, the Corporation has paid the Underwriters a cash commission equal to 5.0% of the gross proceeds from the Offering, excluding gross proceeds received from the sale of securities to Osisko Gold Royalties Ltd and Osisko Mining Inc.

Certain subscribers under the Offering are considered to be a "related party" of the Corporation, and have subscribed for an aggregate of 20,554,941 Common Shares and 425,000 Tranche Two Flow-Through Shares for gross proceeds of $7,158,679.94. Each subscription by a "related party" of the Corporation is considered to be a "related party transaction" for purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101") and Policy 5.9 – Protection of Minority Security Holders in Special Transactions of the TSX Venture Exchange. Pursuant to MI 61-101, the Corporation has filed a material change report providing disclosure in relation to each "related party transaction" on SEDAR under Barkerville's issuer profile at www.sedar.com. The Corporation did not file the material change report more than 21 days before the expected closing date of the Offering as the details of the Offering and the participation therein by each "related party" of the Corporation were not settled until shortly prior to the closing of the Offering, and the Corporation wished to close the Offering on an expedited basis for sound business reasons. The Corporation is relying on exemptions from the formal valuation and minority shareholder approval requirements available under MI 61-101. The Corporation is exempt from the formal valuation requirement in section 5.4 of MI 61-101 in reliance on sections 5.5(a) and (b) of MI 61-101 as the fair market value of the transaction, insofar as it involves interested parties, is not more than the 25% of the Corporation's market capitalization, and no securities of the Corporation are listed or quoted for trading on prescribed stock exchanges or stock markets. Additionally, the Corporation is exempt from minority shareholder approval requirement in section 5.6 of MI 61-101 in reliance on section 5.7(b) as the fair market value of the transaction, insofar as it involves interested parties, is not more than the 25% of the Corporation's market capitalization. The board of directors of Barkerville unanimously approved the Offering, with Sean Roosen and John Burzysnki having declared a potential conflict of interest in, and abstaining from voting on, the matters being considered.

The gross proceeds from the sale of the Tranche One and Tranche Two Flow-Through Shares will be used by the Corporation to fund the exploration and development of Barkerville's Cariboo Gold Project in central British Columbia. The net proceeds from the sale of Common Shares will be used to fund the exploration and development of the Corporation's Cariboo Gold Project in central British Columbia and for general corporate purposes.

All securities issued under the Offering are subject to a four month hold period which will expire April 19, 2019. The Offering is subject to final acceptance of the TSX Venture Exchange. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

2018 Corporate Updates

In 2018, on the exploration side, Barkerville has been actively exploring and delineating new mineral resources at the Cariboo Gold Project. A total of 123,000 meters of drilling occurred on the property in 2018, comprising 64,000 meters on Cow Mountain, 50,000 meters on Shaft Zone, 4,500 meters at Mosquito Creek and 4,800 meters on Grouse Creek Regional Target. Regional soil sampling and surface mapping also occurred in 2018. The results of this drilling will be included in an updated mineral resource estimate being prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects, which is expected to be released in 2019.

In 2018, on the mining side, Barkerville has completed test mining at Bonanza Ledge gaining great knowledge of the deposit and underground conditions, as well as developing an in-house engineering and permitting -compliance team. While the proceeds raised from the sale of "flow-through shares" under the Offering will be focused on exploration activities, test mining may resume at Bonanza Ledge, subject to receiving an amendment to the active mine permit allowing mining of the BC Vein Zone and approval by the Board of Directors of an updated mine plan for the BC Vein Zone.

When all results are received and analyzed, a corporate update summarizing 2018 test mining and exploration results, as well as outlining objectives and catalysts for 2019 will be made available in early 2019.

For more information on Barkerville Gold Mines Ltd., please contact:

Chris Lodder
President and Chief Executive Officer
155 University Avenue, Suite 1400
Toronto, Ontario, Canada
[e-mail]

Cautionary Statement on Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. 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 use of proceeds of the Offering; the timing and ability of the Corporation, if at all, to obtain final approval of the Offering from the TSX Venture Exchange; an exemption being available under MI 61-101 and Policy 5.9 of the TSX Venture Exchange from the minority shareholder approval and valuation requirements for each related party transaction; Barkerville's active exploration program at the Cariboo Gold Project; the timing and ability of Barkerville to complete an updated mineral resource estimate in 2019, or at all; the timing and ability of Barkerville to resume test mining at Bonanza Ledge, receive an amendment to the active mine permit and updating the internal mine plan, if at all; objectives, goals or future plans; statements regarding 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; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation's public documents filed on SEDAR at www.sedar.com. Although the Corporation 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 Corporation 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.

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.


BGM LOGO.png

[howestreetbull]

$BGMZF BGM.v Barkerville Gold Intersects 24.06 g/t Gold Over 6.45 Meters and Extends Vein Corridors at Depth
by @newswire on December 6, 2018
HIGH-GRADE INTERCEPTS INCLUDE 10.50 G/T GOLD OVER 7.80 METERS, 87.70 G/T GOLD OVER 1.15 M, 126 G/T GOLD OVER 0.50 METER AND 178 G/T GOLD OVER 0.55 METER

TORONTO, Dec. 6, 2018 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce drilling results from 2018 Cow Mountain exploration and category conversion program at the Company's flagship Cariboo Gold Project. The drilling results demonstrate continuity of high grade gold mineralization within vein corridors and extensions down dip and down plunge. A total of 63,970 meters were drilled on Cow Mountain during the 2018 drill program.

Recent highlights from the Cow Mountain exploration and delineation program include 10.50 g/t Au over 7.80 meters in hole CM-18-124, located approximately 50 meters down dip of CM-18-034, that intersected 9.33 g/t Au over 2.70 meters. CM-18-124 included a higher-grade intercept of 75.60 g/t Au over 0.80 meters. Drill holes CM-18-128 assayed 24.06 g/t Au over 6.45 meters and CM-18-129 assayed 20.23 g/t Au over 6.20 meters including a higher-grade intercept of 76.80 g/t Au over 1.00 meter.

Selected Drilling Highlights:

CM-18-113: 16.36 g/t Au over 3.90 meters
CM-18-118: 14.53 g/t Au over 7.15 meters
CM-18-118: 87.70 g/t Au over 1.15 meters
CM-18-124: 10.50 g/t Au over 7.80 meters
CM-18-125: 12.68 g/t Au over 7.60 meters
CM-18-128: 24.06 g/t Au over 6.45 meters
CM-18-129: 20.23 g/t Au over 6.20 meters
CM-18-133: 38.32 g/t Au over 2.65 meters
CM-18-140: 37.87 g/t Au over 4.75 meters
CM-18-146: 20.76 g/t Au over 3.10 meters
CM-18-148: 12.47 g/t Au over 6.70 meters
A drill hole location plan map and longitudinal section are presented below. Detailed drilling results are presented at the end of this release. The Cow Mountain 3D deposit model with assay highlights is located on the Company's website:

Barkerville Gold Mines Ltd. 3D Deposit Model

The ongoing drill program at Cow Mountain is designed to infill and expand high-grade gold-mineralized vein corridors modelled in the May 2018 Cow Mountain resource estimate. Vein corridors are defined as a high-density network of mineralized quartz veins within the sandstones. Mineralized quartz veins on the Cariboo Gold Project are overall sub-vertical dip and northeast strike. These corridors have been defined from surface to a vertical depth of up to 300 meters and remain open for expansion at depth and down plunge. 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 Project Geologists, Kyle Orr and Felipe Castaneda. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, 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, Maggie Layman, 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).

About Barkerville Gold Mines Ltd.

The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville's Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company's Brownfield's exploration team is focused on developing and delineating a mineable resource within the 7 kilometers of principle project area located near the town of Wells, British Columbia. The Company's Greenfield's team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation's team is focused on developing and mining the Bonanza Ledge and BC Vein deposits on Barkerville Mountain. This operation allows the company to generate near term cash flow, train a local work force, keeps the present mining permit active, and de-risk's the project through staged production growth. Processing of material from these deposits is processed at the QR mill. QR is a fully owned, permitted mill and tailings facility, located approximately 110 kilometres away from Wells, and can be accessed by an all-season road.

Cautionary Statement on Forward -Looking Information
Neither 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.

Cow Mountain Drilling Plan Map (CNW Group/Barkerville Gold Mines Ltd.)

Modelled Vein Corridor Zones (CNW Group/Barkerville Gold Mines Ltd.)

Cow Mountain Long Section (CNW Group/Barkerville Gold Mines Ltd.)


Table 1: Length Weighted Gold Composites from Cow Mountain

Hole ID


FROM

TO

LENGTH
(M)

AU (G/T)

CM-18-111


175.00

176.00

1.00

17.05



225.85

226.35

0.50

7.45

CM-18-112


32.30

32.80

0.50

4.10



44.50

46.00

1.50

6.19


Including

45.50

46.00

0.50

8.51

CM-18-113


110.25

110.75

0.50

6.98



222.20

226.10

3.90

16.36


Including

222.20

223.10

0.90

10.85


and

224.00

225.40

1.40

27.90


and

225.40

226.10

0.70

21.20

CM-18-114


10.00

11.20

1.20

3.66



76.00

77.50

1.50

6.52



131.00

132.50

1.50

9.55



147.20

148.00

0.80

4.01

CM-18-115


78.00

78.50

0.50

9.33

CM-18-116


76.75

77.25

0.50

3.98



216.10

216.85

0.75

67.10



229.80

233.50

3.70

11.12


Including

229.80

230.40

0.60

9.24


and

231.00

231.50

0.50

23.00


and

231.50

232.00

0.50

10.85


and

232.65

233.50

0.85

21.80



379.95

381.50

1.55

5.32



416.30

417.55

1.25

9.96

CM-18-117


45.00

45.50

0.50

55.30



83.00

84.20

1.20

5.94


Including

83.00

83.50

0.50

8.16



88.00

89.50

1.50

9.11



97.80

99.20

1.40

4.16

CM-18-118


189.00

196.15

7.15

14.53


Including

189.00

190.10

1.10

10.65


and

191.80

192.50

0.70

18.30


and

192.50

193.00

0.50

126.00


and

193.00

193.50

0.50

10.40


and

195.65

196.15

0.50

9.54



215.00

216.15

1.15

87.70



253.80

254.90

1.10

4.87

CM-18-119


89.00

90.00

1.00

19.70



179.20

179.80

0.60

16.85



185.80

186.40

0.60

7.77



218.90

219.75

0.85

6.65



226.90

227.90

1.00

25.55


Including

227.40

227.90

0.50

41.60



279.35

280.05

0.70

11.25



327.60

328.10

0.50

8.26

CM-18-120


17.80

18.80

1.00

8.39



91.00

92.00

1.00

11.60

CM-18-121


57.80

58.30

0.50

4.32



68.80

69.50

0.70

21.50

CM-18-122


43.20

43.70

0.50

17.35



93.75

94.25

0.50

19.70



139.50

140.00

0.50

9.52



151.70

152.20

0.50

4.47



185.00

186.50

1.50

7.25


Including

185.00

185.50

0.50

12.85


and

186.00

186.50

0.50

8.78

CM-18-123


20.05

20.60

0.55

6.85



37.00

40.00

3.00

6.71


Including

37.00

38.50

1.50

10.90



56.50

57.03

0.53

39.90



63.95

66.00

2.05

12.48


Including

63.95

64.70

0.75

17.80


and

65.25

66.00

0.75

16.15



142.00

142.50

0.50

23.80

CM-18-124


161.50

162.00

0.50

9.11



172.25

172.75

0.50

6.55



209.50

217.30

7.80

10.50


Including

209.50

210.00

0.50

9.94


and

213.20

214.00

0.80

75.60


and

214.80

215.75

0.95

5.64


and

215.75

216.25

0.50

12.10



234.55

235.05

0.50

39.30



300.35

300.85

0.50

6.35



351.75

352.60

0.85

4.42

CM-18-125


56.65

58.00

1.35

5.93



147.65

155.25

7.60

12.68


Including

147.65

148.50

0.85

4.14


and

154.40

155.25

0.85

99.30



186.85

187.65

0.80

24.40

CM-18-126


58.60

60.20

1.60

8.18


Including

58.60

59.35

0.75

13.65



206.50

207.00

0.50

50.90



211.00

212.40

1.40

10.91


Including

211.90

212.40

0.50

24.80

CM-18-127


54.00

55.00

1.00

6.88



96.85

97.35

0.50

138.00



119.00

119.50

0.50

7.24



192.00

192.50

0.50

7.74



193.90

194.50

0.60

6.24



219.30

219.80

0.50

4.70



270.50

271.00

0.50

36.60

CM-18-128


50.00

51.40

1.40

30.75



50.00

50.50

0.50

40.80



67.60

68.50

0.90

20.90



71.10

71.60

0.50

17.15



94.15

100.60

6.45

24.06


Including

96.60

97.10

0.50

9.99


and

97.10

97.60

0.50

12.40


and

97.60

98.60

1.00

131.00

CM-18-129


63.20

63.70

0.50

12.30



124.30

127.00

2.70

5.28



125.00

125.55

0.55

16.15



146.45

147.25

0.80

9.12



207.50

213.70

6.20

20.23


Including

207.50

208.00

0.50

48.10


and

208.50

209.50

1.00

76.80


and

209.50

210.50

1.00

9.43


and

211.70

212.40

0.70

7.28


and

212.90

213.70

0.80

11.25



228.45

229.55

1.10

28.50



242.25

243.00

0.75

4.28

CM-18-130


100.00

100.60

0.60

6.94



102.00

102.50

0.50

32.40



164.50

165.00

0.50

46.10



191.70

192.90

1.20

9.68



239.50

240.25

0.75

9.14



306.75

307.85

1.10

9.98

CM-18-131


60.10

61.05

0.95

5.55



69.50

70.55

1.05

5.01



151.65

152.30

0.65

33.60



197.55

198.05

0.50

7.10



200.80

201.30

0.50

10.85



205.10

205.60

0.50

17.30



241.00

243.15

2.15

4.36


Including

242.30

243.15

0.85

7.65



305.75

306.55

0.80

11.70

CM-18-132


149.10

149.85

0.75

12.80



218.50

219.00

0.50

60.50



232.00

234.70

2.70

7.34


Including

233.80

234.70

0.90

18.25



243.20

250.80

7.60

6.78


Including

243.20

243.90

0.70

14.15


and

245.00

246.00

1.00

11.85


and

247.00

247.90

0.90

17.35


and

250.05

250.80

0.75

18.05



262.70

263.20

0.50

6.56

CM-18-133


151.00

151.65

0.65

5.56



157.70

160.35

2.65

38.32


Including

157.70

158.25

0.55

178.50



168.35

169.60

1.25

18.85



193.50

194.15

0.65

16.45

CM-18-134

No Significant Assays




CM-18-135


162.00

162.70

0.70

9.70



246.75

247.55

0.80

10.85

CM-18-136


178.05

178.65

0.60

6.63

CM-18-137


72.00

73.00

1.00

20.23



86.85

87.35

0.50

27.50



126.10

126.75

0.65

28.60



138.45

138.95

0.50

7.05

CM-18-138


94.35

95.25

0.90

8.89



238.95

239.50

0.55

4.82



258.65

259.20

0.55

7.79



271.50

272.60

1.10

5.58


Including

272.10

272.60

0.50

9.77



275.90

276.40

0.50

6.39

CM-18-139


75.00

76.00

1.00

4.34



100.00

104.50

4.50

10.94


Including

100.00

101.20

1.20

17.60


and

102.50

103.00

0.50

46.50


and

104.00

104.50

0.50

9.46



195.50

196.00

0.50

9.49



235.90

237.00

1.10

4.57



264.00

264.90

0.90

4.35



274.20

275.00

0.80

12.10

CM-18-140


82.00

82.50

0.50

12.70



93.80

95.00

1.20

7.15


Including

93.80

94.30

0.50

13.85



220.05

224.80

4.75

37.87


Including

220.05

221.00

0.95

44.90


and

222.00

223.30

1.30

81.50


and

224.20

224.80

0.60

20.40

CM-18-141


77.75

78.25

0.50

88.30



120.00

120.60

0.60

4.73

CM-18-142


71.05

71.60

0.55

6.18



145.45

145.95

0.50

30.70



191.80

192.80

1.00

5.73



194.10

195.50

1.40

4.73


Including

195.00

195.50

0.50

8.74



206.25

207.00

0.75

35.20



219.40

219.90

0.50

11.25



227.20

227.70

0.50

10.30



241.05

241.75

0.70

23.20



245.50

247.50

2.00

16.58


Including

246.00

247.50

1.50

21.10

CM-18-143


131.00

131.70

0.70

34.00



154.80

155.80

1.00

6.07



243.50

244.00

0.50

9.42

CM-18-144


226.70

227.20

0.50

24.50



244.00

244.75

0.75

4.42



265.85

266.65

0.80

4.76



320.20

321.00

0.80

4.24



375.40

377.00

1.60

7.38


Including

376.40

377.00

0.60

14.90



383.00

383.50

0.50

6.64

CM-18-145


229.75

232.35

2.60

10.60


Including

230.75

231.75

1.00

20.40



244.00

244.50

0.50

7.95

CM-18-146


74.30

74.90

0.60

15.35



109.90

113.00

3.10

20.76


Including

109.90

110.95

1.05

44.00


and

110.95

111.50

0.55

13.15


and

111.50

112.15

0.65

15.65



183.00

183.65

0.65

25.50



263.55

267.35

3.80

6.57


Including

263.55

264.25

0.70

8.83


and

264.25

265.00

0.75

9.77


and

265.00

265.80

0.80

9.06



298.20

298.70

0.50

10.10

CM-18-147


217.95

218.60

0.65

6.32



219.60

220.10

0.50

4.94



222.15

222.75

0.60

8.42



227.50

228.00

0.50

5.90



241.65

242.20

0.55

5.81



359.50

360.15

0.65

9.02



362.40

362.95

0.55

15.20

CM-18-148


103.75

104.40

0.65

8.71



120.50

122.70

2.20

13.15


Including

121.20

122.70

1.50

17.60



149.80

150.45

0.65

6.85



170.00

170.70

0.70

4.22



181.60

182.10

0.50

13.10



233.90

237.50

3.60

12.20


Including

233.90

234.40

0.50

25.20


and

236.50

237.50

1.00

30.70



249.50

253.10

3.60

8.03


Including

250.20

251.00

0.80

23.90



255.50

256.20

0.70

4.89



277.00

277.50

0.50

21.30



360.60

362.40

1.80

6.21



389.00

395.70

6.70

12.47


Including

393.00

394.40

1.40

29.30


and

394.40

395.70

1.30

19.15

CM-18-149


99.40

100.25

0.85

5.08



101.70

102.60

0.90

6.13



160.00

161.50

1.50

6.04



237.30

237.80

0.50

14.05



265.20

265.75

0.55

70.70



279.00

283.55

4.55

4.88


Including

280.35

280.95

0.60

6.44


and

281.55

282.45

0.90

8.52



305.95

306.45

0.50

8.40

CM-18-150


362.00

362.50

0.50

9.86



True widths are estimated to be 50 to 75% of reported core length intervals. 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

CM-18-111

134

-57

CM-18-112

128

-65

CM-18-113

132

-58

CM-18-114

140

-47

CM-18-115

134

-45

CM-18-116

127

-49

CM-18-117

140

-55

CM-18-118

127

-55

CM-18-119

135

-47

CM-18-120

121

-59

CM-18-121

120

-51

CM-18-122

140

-55

CM-18-123

149

-49

CM-18-124

125

-55

CM-18-125

144

-54

CM-18-126

116

-51

CM-18-127

137

-55

CM-18-128

114

-55

CM-18-129

137

-59

CM-18-130

130

-45

CM-18-131

131

-55

CM-18-132

129

-57

CM-18-133

155

-65

CM-18-134

134

-49

CM-18-135

140

-58

CM-18-136

127

-49

CM-18-137

137

-46

CM-18-138

135

-60

CM-18-139

140

-47

CM-18-140

133

-48

CM-18-141

139

-46

CM-18-142

126

-52

CM-18-143

138

-60

CM-18-144

131

-44

CM-18-145

135

-50

CM-18-146

127

-62

CM-18-147

136

-46

CM-18-148

133

-62

CM-18-149

136

-62

CM-18-150

133

-52



Barkerville Gold Mines Ltd. (CNW Group/Barkerville Gold Mines Ltd.)

SOURCE Barkerville Gold Mines Ltd.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2018/06/c2741.html

[howestreetbull]

Cow Mountain Drilling Extends High Grade Gold Mineralization Down Dip to 400 Meters

HIGH-GRADE INTERCEPTS INCLUDE 11.84 G/T GOLD OVER 7.50 METERS, 104 G/T GOLD OVER 0.50 M, 200 G/T GOLD OVER 0.50 M, 101.5 G/T GOLD OVER 0.95 M and 346 G/T GOLD OVER 0.50 METERS

TORONTO, Nov. 6, 2018 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce drilling results from the ongoing 2018 Cow Mountain exploration and category conversion program at the Company's flagship Cariboo Gold Project. The drilling results demonstrate continuity of high grade gold mineralization within vein corridors and extensions down dip and down plunge. The Company is currently exploring and delineating high grade vein corridors with four diamond drills on Cow Mountain.

Mineralized vein corridors on Cow Mountain are modelled to an average depth of 250 meters and recent exploration extends high grade intercepts continuous to vertical depths of 400 meters. Recent highlights include 7.06 g/t Au over 16.90 meters in hole CM-18-057, at approximately 50 meters vertical depth. CM-18-071 intersected 11.84 g/t Au over 7.50 meters, extending mineralization approximately 60 meters down drip from an existing modelled vein corridor. CM-18-071 included higher grade intercepts of 98.30 g/t Au over 0.50 meters, and 30.30 g/t Au over 0.80 meters. CM-18-101 intersected 29.10 g/t Au over 0.50 meters at a depth of 400 meters from surface.

Selected Drilling Highlights:

CM-18-054: 25.09 g/t Au over 2.70 meters
CM-18-057: 7.06 g/t Au over 16.90 meters
CM-18-062: 104.00 g/t Au over 0.50 meter
CM-18-070: 28.08 g/t Au over 2.10 meters
CM-18-071: 11.84 g/t Au over 7.50 meters
CM-18-079: 200.00 g/t Au over 0.50 meter
CM-18-084: 20.41 g/t Au over 6.65 meters
CM-18-085: 101.50 g/t Au over 0.95 meter
CM-18-091: 346 g/t Au over 0.50 meters
CM-18-095: 10.48 g/t Au over 6.60 meters
CM-18-096: 7.45 g/t Au over 7.60 meters
CM-18-103: 42.88 g/t Au over 2.7 meters
CM-18-107: 49.40 g/t Au over 1.7 meters
A drill hole location plan map and longitudinal section are presented below. Detailed drilling results are presented at the end of this release. The Cow Mountain 3D deposit model with assay highlights is located on the Company's website:

Barkerville Gold Mines Ltd. 3D Deposit Model

The ongoing drill program at Cow Mountain is designed to infill and expand high-grade gold-mineralized vein corridors modelled in the May 2018 Cow Mountain resource estimate. Vein corridors are defined as a high-density network of mineralized quartz veins within the sandstones. Mineralized quartz veins on the Cariboo Gold Project are overall sub-vertical dip and northeast strike. These corridors have been defined from surface to a vertical depth of up to 300 meters and remain open for expansion at depth and down plunge. 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 Project Geologists, Kyle Orr and Felipe Castaneda. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, 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, Maggie Layman, 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).

About Barkerville Gold Mines Ltd.

The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville's Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company's Brownfield's exploration team is focused on developing and delineating a mineable resource within the 7 kilometers of principle project area located near the town of Wells, British Columbia. The Company's Greenfield's team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation's team is focused on developing and mining the Bonanza Ledge and BC Vein deposits on Barkerville Mountain. This operation allows the company to generate near term cash flow, train a local work force, keeps the present mining permit active, and de-risk's the project through staged production growth. Processing of material from these deposits is processed at the QR mill. QR is a fully owned, permitted mill and tailings facility, located approximately 110 kilometres away from Wells, and can be accessed by an all-season road.

Cautionary Statement on Forward -Looking Information

Neither 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.


Cow Mountain Drilling Plan Map (CNW Group/Barkerville Gold Mines Ltd.)

Cow Mountain Long Section (CNW Group/Barkerville Gold Mines Ltd.)

Table 1: Length Weighted Gold Composites from Cow Mountain







HOLE ID


FROM

TO

CORE
LENGTH (M)

AU (G/T)

CM-18-051


107.40

108.15

0.75

5.19



123.00

123.50

0.50

6.43



239.40

240.00

0.60

8.24



242.05

245.40

3.35

9.06


Including

242.05

243.45

1.40

15.15



274.50

277.50

3.00

5.61


Including

275.40

276.00

0.60

19.75

CM-18-052


35.80

37.55

1.75

22.69


Including

35.80

36.30

0.50

51.80


And

37.05

37.55

0.50

26.00



102.50

104.00

1.50

3.26



110.10

110.85

0.75

3.66



115.50

116.00

0.50

6.26



132.00

135.85

3.85

8.29


Including

132.00

132.95

0.95

9.43


And

135.00

135.85

0.85

27.00



204.50

205.00

0.50

7.46



237.50

238.00

0.50

26.80



241.80

242.45

0.65

6.23



271.00

271.50

0.50

6.99

CM-18-053


180.10

181.40

1.30

8.43


Including

180.10

180.80

0.70

14.10



257.70

258.20

0.50

5.11

CM-18-054


94.80

97.50

2.70

25.09


Including

95.80

96.30

0.50

7.48


And

96.80

97.50

0.70

89.80



157.95

159.00

1.05

4.57

CM-18-055

No Significant Assays




CM-18-056


165.15

166.30

1.15

4.90



171.50

172.10

0.60

10.80



239.05

239.60

0.55

14.15

CM-18-057


6.00

8.40

2.40

4.28


Including

7.75

8.40

0.65

12.65



54.30

71.20

16.90

7.06


Including

57.00

57.85

0.85

12.90


And

58.85

59.55

0.70

38.50


And

63.60

64.65

1.05

11.95


And

64.65

66.00

1.35

42.30



84.00

84.60

0.60

5.84



107.50

108.15

0.65

58.80



127.30

128.40

1.10

3.93



130.70

131.30

0.60

24.70



154.20

157.30

3.10

7.36


Including

154.20

154.70

0.50

12.95


And

156.70

157.30

0.60

26.50



182.00

182.50

0.50

10.65

CM-18-058


43.50

44.00

0.50

5.97



132.00

134.00

2.00

17.98


Including

132.50

133.50

1.00

34.70



234.50

235.00

0.50

5.02



250.00

251.00

1.00

4.75

CM-18-059


256.75

257.40

0.65

5.49



315.40

315.90

0.50

7.03

CM-18-060


78.75

79.40

0.65

9.29



109.60

110.10

0.50

53.00

CM-18-061


68.00

69.00

1.00

16.35



75.15

75.75

0.60

5.21



108.50

109.45

0.95

11.70

CM-18-062


168.00

168.70

0.70

7.20



171.90

173.00

1.10

3.71



182.25

183.70

1.45

5.23


Including

182.25

183.15

0.90

7.34



202.90

203.40

0.50

4.26



256.00

258.00

2.00

27.43


Including

256.00

256.50

0.50

104.00

CM-18-063


9.00

12.00

3.00

5.06


Including

9.00

9.50

0.50

15.85



44.20

44.80

0.60

72.90



60.00

60.50

0.50

3.71



109.00

110.50

1.50

4.75


Including

109.70

110.50

0.80

7.29



115.15

115.70

0.55

21.10



127.00

127.55

0.55

7.39

CM-18-064


11.20

16.00

4.80

7.27


Including

14.50

16.00

1.50

20.40



81.00

82.00

1.00

22.30



191.25

192.00

0.75

5.36



271.20

271.80

0.60

5.87

CM-18-065


46.35

47.00

0.65

43.20



172.75

173.25

0.50

5.71

CM-18-066


26.10

26.60

0.50

18.70



91.40

92.00

0.60

6.53



114.00

115.00

1.00

5.95



119.40

120.00

0.60

10.35



134.50

135.00

0.50

23.40

CM-18-067


10.30

10.80

0.50

32.60



47.30

49.60

2.30

7.23


Including

47.30

47.80

0.50

23.50


And

48.90

49.60

0.70

6.44



57.48

58.00

0.52

10.60



89.00

90.30

1.30

28.91


Including

89.75

90.30

0.55

65.40



116.00

116.55

0.55

11.20



123.00

123.80

0.80

9.87

CM-18-068


179.90

180.50

0.60

9.02



215.00

215.50

0.50

6.31



250.10

251.00

0.90

4.51



270.50

271.00

0.50

5.38



320.50

321.00

0.50

6.02



321.60

322.10

0.50

5.50

CM-18-069


177.70

178.20

0.50

4.35



180.50

181.00

0.50

6.22



233.60

234.50

0.90

17.45



246.80

247.30

0.50

17.45



248.80

250.80

2.00

4.40


Including

248.80

249.30

0.50

10.10


And

249.80

250.30

0.50

5.56

CM-18-070


6.95

10.00

3.05

12.91


Including

6.95

7.50

0.55

33.00


And

9.50

10.00

0.50

40.70



25.35

26.45

1.10

4.16



48.20

49.00

0.80

5.40



61.00

63.60

2.60

4.73



102.00

102.50

0.50

12.65



105.30

105.80

0.50

18.45



107.90

110.00

2.10

28.08


Including

107.90

108.40

0.50

107.50



121.00

122.65

1.65

5.99


Including

121.70

122.65

0.95

9.62



129.90

133.60

3.70

5.14


Including

129.90

130.40

0.50

14.65


And

132.50

133.10

0.60

7.48


And

133.10

133.60

0.50

9.51

CM-18-071


87.00

90.50

3.50

5.55


Including

87.00

88.00

1.00

8.09



105.15

105.75

0.60

12.85



146.30

147.00

0.70

12.35



191.50

192.20

0.70

6.27



205.50

213.00

7.50

11.84


Including

205.50

206.00

0.50

98.30


And

206.00

206.50

0.50

14.85


And

206.50

207.30

0.80

30.30


And

212.00

213.00

1.00

5.06



224.70

225.20

0.50

18.15



232.10

233.85

1.75

8.00


Including

232.80

233.85

1.05

10.85



251.20

251.80

0.60

7.73

CM-18-072


184.50

185.70

1.20

11.30



190.90

191.40

0.50

12.30



200.40

204.00

3.60

8.37


Including

200.40

200.90

0.50

15.40


And

201.85

203.00

1.15

16.30



224.00

225.50

1.50

4.73



421.25

423.25

2.00

10.04


Including

422.40

423.25

0.85

19.40

CM-18-073


152.00

152.70

0.70

13.25



190.25

190.75

0.50

4.34

CM-18-074


7.50

11.90

4.40

6.55


Including

8.00

8.50

0.50

12.40


And

10.40

11.10

0.70

20.90


And

11.10

11.90

0.80

7.66



91.30

93.70

2.40

6.18


Including

91.30

91.80

0.50

18.10


And

93.00

93.70

0.70

8.15



113.80

115.70

1.90

10.53


Including

113.80

114.80

1.00

17.45



158.95

159.50

0.55

12.40

CM-18-075


25.50

26.00

0.50

11.45



37.40

37.90

0.50

24.80



96.85

97.40

0.55

6.73



104.30

104.80

0.50

12.10

CM-18-076


119.50

120.00

0.50

13.00



190.10

195.00

4.90

6.64


Including

193.00

193.80

0.80

34.10



204.00

204.50

0.50

4.25

CM-18-077


226.00

226.50

0.50

21.80



251.00

252.50

1.50

7.10



266.50

267.00

0.50

5.04



293.10

294.10

1.00

6.30


Including

293.10

293.60

0.50

9.01



313.60

314.30

0.70

6.36

CM-18-078


11.00

11.50

0.50

34.20



56.10

57.00

0.90

35.60



74.90

75.50

0.60

5.19



83.90

84.40

0.50

68.00

CM-18-079


22.75

23.25

0.50

200.00



182.20

183.25

1.05

7.26



193.35

193.85

0.50

12.60



219.00

220.05

1.05

5.82

CM-18-080


18.95

19.50

0.55

23.40



25.50

26.50

1.00

5.11



44.15

48.00

3.85

10.92


Including

44.15

44.65

0.50

17.70


And

44.65

45.40

0.75

31.50


And

47.50

48.00

0.50

12.65



93.75

94.60

0.85

12.20

CM-18-081


31.50

32.00

0.50

17.35



44.55

45.10

0.55

15.55

CM-18-082


160.30

161.30

1.00

20.61


Including

160.30

160.80

0.50

39.00



202.90

204.60

1.70

16.37



208.00

211.00

3.00

3.97


Including

208.00

208.70

0.70

14.30



253.60

254.15

0.55

9.91

CM-18-083


75.60

76.15

0.55

4.05



144.00

147.45

3.45

7.76


Including

146.70

147.45

0.75

27.80



170.45

171.10

0.65

4.33



211.90

213.00

1.10

8.12


Including

211.90

212.50

0.60

13.30



256.50

258.70

2.20

6.96


Including

256.50

257.10

0.60

8.74


And

257.70

258.20

0.50

16.45



269.00

269.50

0.50

4.87



397.60

400.70

3.10

7.18


Including

397.60

398.10

0.50

9.21


And

398.70

399.20

0.50

22.40

CM-18-084


36.90

37.40

0.50

8.11



58.50

65.15

6.65

20.41


Including

58.50

59.00

0.50

15.15


And

62.00

62.50

0.50

45.70


And

63.70

65.15

1.45

71.00



79.30

80.10

0.80

13.00

CM-18-085


15.50

16.15

0.65

5.37



21.50

22.25

0.75

39.90



27.00

27.95

0.95

101.50



62.20

65.00

2.80

6.42


Including

64.00

64.50

0.50

5.64


And

64.50

65.00

0.50

27.80



202.50

203.00

0.50

7.00



237.00

237.50

0.50

4.94

CM-18-086


209.50

211.00

1.50

4.14



302.00

303.00

1.00

5.19



358.25

358.75

0.50

5.33



361.35

361.85

0.50

6.46

CM-18-087

No Significant Assays




CM-18-088


168.55

169.35

0.80

36.00



173.70

175.35

1.65

7.51

CM-18-089


49.50

50.00

0.50

7.72



97.10

97.60

0.50

27.00



132.00

132.50

0.50

4.36

CM-18-090


21.50

23.10

1.60

5.16


Including

22.00

22.50

0.50

7.07



45.00

45.50

0.50

6.04

CM-18-091


243.55

244.20

0.65

4.71



248.30

248.80

0.50

346.00



252.00

253.50

1.50

6.03



309.90

310.80

0.90

6.91



313.90

316.05

2.15

9.98


Including

313.90

315.25

1.35

14.05



344.60

345.50

0.90

7.14

CM-18-092


127.00

127.50

0.50

5.84



129.60

130.35

0.75

5.49



171.35

172.20

0.85

5.92



189.95

190.70

0.75

14.35

CM-18-093

No Significant Assays




CM-18-094

No Significant Assays




CM-18-095


151.00

152.90

1.90

5.50



164.50

165.50

1.00

6.82



255.65

256.65

1.00

7.58



268.80

275.40

6.60

10.48


Including

268.80

269.30

0.50

77.80


And

269.80

270.35

0.55

14.25


And

270.35

271.00

0.65

19.80


And

274.90

275.40

0.50

12.20



290.85

291.65

0.80

4.41



448.50

450.80

2.30

7.32


Including

448.50

449.30

0.80

8.99


And

449.85

450.80

0.95

9.71

CM-18-096


190.45

191.60

1.15

3.80



221.95

222.65

0.70

6.08



236.65

239.20

2.55

3.83


Including

236.65

237.50

0.85

8.30


And

238.70

239.20

0.50

5.15



241.00

242.50

1.50

7.89



244.40

245.00

0.60

5.87



254.00

261.60

7.60

7.45


Including

254.00

255.50

1.50

26.20


And

260.55

261.60

1.05

30.20



310.40

311.70

1.30

25.00



327.25

327.75

0.50

7.20

CM-18-097


81.90

82.40

0.50

13.55



106.60

107.10

0.50

4.68



145.40

145.90

0.50

17.45



164.00

165.10

1.10

7.98


Including

164.50

165.10

0.60

12.75



177.90

178.60

0.70

5.30

CM-18-098


106.30

106.90

0.60

7.41



305.55

307.55

2.00

10.04


Including

306.40

307.55

1.15

12.95

CM-18-099


135.95

138.60

2.65

8.50


Including

137.40

138.00

0.60

21.70


And

138.00

138.60

0.60

13.80



140.45

140.95

0.50

7.09



145.10

147.10

2.00

7.04


Including

145.10

145.60

0.50

7.91


And

146.10

147.10

1.00

9.05



253.40

256.00

2.60

5.32


Including

254.05

254.60

0.55

23.30



296.60

297.00

0.40

16.15



300.00

300.85

0.85

7.49



311.00

311.65

0.65

10.80

CM-18-100


212.50

214.00

1.50

4.04



247.00

247.50

0.50

14.05



254.80

255.50

0.70

5.45

CM-18-101


345.08

345.70

0.62

15.10



421.25

421.75

0.50

29.10



481.25

482.00

0.75

4.72

CM-18-102


262.85

263.35

0.50

28.50



268.40

269.00

0.60

9.32



277.05

278.35

1.30

5.41



287.00

287.55

0.55

4.90



312.80

313.30

0.50

8.45

CM-18-103


42.15

44.85

2.70

42.88



58.20

58.70

0.50

32.40



140.80

141.80

1.00

7.40

CM-18-104


126.40

126.90

0.50

7.36



135.00

136.00

1.00

5.33



234.40

237.50

3.10

3.99


Including

234.40

234.90

0.50

19.45


And

237.00

237.50

0.50

4.10

CM-18-105


31.35

31.85

0.50

18.95



53.40

53.90

0.50

7.87



116.10

116.80

0.70

4.12

CM-18-106


236.00

243.50

7.50

4.07


Including

238.50

239.30

0.80

7.05


And

239.30

240.15

0.85

9.00


And

242.00

243.50

1.50

6.70



282.60

286.20

3.60

4.83


Including

282.60

283.40

0.80

16.80



317.00

317.50

0.50

29.50



383.85

385.00

1.15

11.00

CM-18-107


29.85

31.20

1.35

7.37



35.40

37.90

2.50

19.44


Including

35.40

36.00

0.60

30.40


And

36.00

36.50

0.50

16.00


And

37.00

37.90

0.90

23.20



60.00

60.85

0.85

26.40



87.30

89.00

1.70

49.40

CM-18-108


39.50

40.00

0.50

4.45



67.50

68.75

1.25

18.15



144.00

144.50

0.50

4.51

CM-18-109


200.50

204.10

3.60

5.44


Including

200.50

201.00

0.50

35.30

CM-18-110

No Significant Assays






True widths are estimated to be 50 to 75% of reported core length intervals. 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

CM-18-051

127

-53

CM-18-052

133

-56

CM-18-053

138

-52

CM-18-054

323

-62

CM-18-055

130

-63

CM-18-056

119

-65

CM-18-057

122

-49

CM-18-058

136

-54

CM-18-059

145

-56

CM-18-060

114

-48

CM-18-061

290

-50

CM-18-062

131

-41

CM-18-063

151

-46

CM-18-064

110

-63

CM-18-065

137

-44

CM-18-066

145

-63

CM-18-067

148

-55

CM-18-068

142

-50

CM-18-069

137

-42

CM-18-070

137

-46

CM-18-071

118

-59

CM-18-072

131

-52

CM-18-073

139

-57

CM-18-074

133

-59

CM-18-075

133

-47

CM-18-076

120

-66

CM-18-077

127

-50

CM-18-078

156

-60

CM-18-079

136

-51

CM-18-080

145

-50

CM-18-081

117

-50

CM-18-082

140

-45

CM-18-083

130

-45

CM-18-084

128

-66

CM-18-085

126

-45

CM-18-086

230

-45

CM-18-087

145

-44

CM-18-088

125

-60

CM-18-089

127

-56

CM-18-090

117

-64

CM-18-091

230

-45

CM-18-092

112

-45

CM-18-093

130

-66

CM-18-094

122

-51

CM-18-095

128

-53

CM-18-096

105

-47

CM-18-097

118

-45

CM-18-098

130

-66

CM-18-099

139

-47

CM-18-100

120

-48

CM-18-101

230

-65

CM-18-102

115

-53

CM-18-103

230

-60

CM-18-104

140

-51

CM-18-105

139

-45

CM-18-106

112

-50

CM-18-107

146

-65

CM-18-108

128

-51

CM-18-109

144

-45

CM-18-110

313

-67



Barkerville Gold Mines Ltd. Logo (CNW Group/Barkerville Gold Mines Ltd.)

SOURCE Barkerville Gold Mines Ltd.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2018/06/c4068.html

[howestreetbull]

BGMZF BGM.v Cow Mountain Drilling Intersects High Grade Gold Mineralization
by @nasdaq on September 27, 2018
TORONTO, Sept. 27, 2018 (GLOBE NEWSWIRE) -- Barkerville Gold Mines Ltd. (TSXV: BGM) (the “Company” or “Barkerville”) is pleased to announce drilling results from the ongoing 2018 Cow Mountain exploration and category conversion program at the Company’s flagship Cariboo Gold Project. The drilling results demonstrate continuity of high grade gold mineralization within vein corridors. The Company is currently exploring and delineating high grade vein corridors with four diamond drills on Cow Mountain.

Modelled Vein Corridor Zones
Modelled Vein Corridor Zones


Cow Mountain Drilling Plan Map
Cow Mountain Drilling Plan Map


Cow Mountain Long Section
Cow Mountain Long Section


Selected Drilling Highlights:

?CM-18-005: 28.98 g/t Au over 1.90 meters (visible gold was observed)
CM-18-006: 12.47 g/t Au over 5.35 meters
CM-18-007: 30.62 g/t Au over 1.80 meters (visible gold was observed)
CM-18-007: 76.90 g/t Au over 0.70 meters
CM-18-007: 76.90 g/t Au over 0.70 meters
CM-18-010: 10.70 g/t Au over 5.85 meters
CM-18-012: 24.69 g/t Au over 3.15 meters (visible gold was observed)
CM-18-013: 23.18 g/t Au over 3.70 meters
CM-18-017: 20.41 g/t Au over 2.95 meters
CM-18-018: 109.05 g/t Au over 1.20 meters (visible gold was observed)
CM-18-024: 26.33 g/t Au over 4.00 meters
CM-18-029: 160.50 g/t Au over 0.85 meters (visible gold was observed)
CM-18-029: 39.81 g/t Au over 2.10 meters
CM-18-039: 377.00 g/t Au over 0.50 meters
CM-18-040: 66.40 g/t Au over 1.30 meters
CM-18-043: 19.73 g/t Au over 3.05 meters
CM-18-045: 13.07 g/t Au over 5.05 meters
CM-18-049: 24.40 g/t Au over 2.20 meters
Detailed drilling results are presented in the table below. A drill hole location plan map and longitudinal section is presented at the end of this release. The Cow Mountain 3D deposit model with assay highlights is located on the Company’s website.

Barkerville Gold Mines Ltd. 3D Deposit Model

The ongoing drill program at Cow Mountain is designed to infill and expand high-grade gold-mineralized vein corridors modelled in the May 2018 Cow Mountain resource estimate. Vein corridors are defined as a high-density network of mineralized quartz veins within the sandstones. Mineralized quartz veins on the Cariboo Gold Project are overall sub-vertical dip and northeast strike. These corridors have been defined from surface to a vertical depth of up to 300 meters and remain open for expansion at depth and down plunge. 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 Project Geologists, Kyle Orr and Felipe Castaneda. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, 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, Maggie Layman, 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 Lodder
President & Chief Executive Officer
155 University Avenue, Suite 1440
Toronto, Ontario, Canada
[e-mail]

About Barkerville Gold Mines Ltd.

The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville’s Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company’s Brownfield’s exploration team is focused on developing and delineating a mineable resource within the 7 kilometers of principle project area located near the town of Wells, British Columbia. The Company’s Greenfield’s team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation’s team is focused on developing and mining the Bonanza Ledge and BC Vein deposits on Barkerville Mountain. This operation allows the company to generate near term cash flow, train a local work force, keeps the present mining permit active, and de-risk’s the project through staged production growth. Processing of material from these deposits is processed at the QR mill. QR is a fully owned, permitted mill and tailings facility, located approximately 110 kilometres away from Wells, and can be accessed by an all-season road.

Cautionary Statement on Forward -Looking Information
Neither 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 from Cow Mountain

HOLD ID FROM TO CORE LENGTH (M) AU (G/T)
CM-18-001 187.50 190.00 2.50 3.31
Including 187.50 188.10 0.60 11.55
194.00 196.50 2.50 5.35
Including 194.00 195.00 1.00 10.50
336.40 338.50 2.10 3.54
Including 336.40 337.00 0.60 5.57
CM-18-002 No Significant Assays
CM-18-003 40.00 42.00 2.00 7.43
Including 41.50 42.00 0.50 26.30
91.00 91.50 0.50 6.31
CM-18-004 No Significant Assays
CM-18-005 60.00 61.90 1.90 28.98
Including 60.00 60.60 0.60 41.40
And 60.60 61.15 0.55 51.20
71.00 72.65 1.65 7.10
Including 72.00 72.65 0.65 14.20
83.25 83.90 0.65 5.62
129.50 131.00 1.50 4.59
134.90 135.40 0.50 17.15
176.50 177.00 0.50 6.33
CM-18-006 140.25 141.25 1.00 7.99
164.60 167.00 2.40 4.57
Including 164.60 165.10 0.50 12.95
199.85 200.35 0.50 5.91
204.75 206.60 1.85 11.34
Including 204.75 205.70 0.95 16.65
243.00 248.35 5.35 12.47
Including 243.00 244.20 1.20 48.80
And 247.70 248.35 0.65 8.44
CM-18-007 128.20 130.00 1.80 30.62
Including 128.20 128.75 0.55 51.70
And 129.50 130.00 0.50 53.30
134.40 135.10 0.70 76.90
137.80 138.40 0.60 4.76
141.80 142.40 0.60 7.97
CM-18-008 176.50 177.10 0.60 34.20
224.60 225.25 0.65 4.31
225.90 226.85 0.95 7.61
257.00 258.20 1.20 4.49
310.20 310.80 0.60 5.79
CM-18-009 11.50 12.00 0.50 7.51
52.50 53.00 0.50 4.21
75.20 77.35 2.15 6.71
Including 75.20 75.90 0.70 14.10
And 76.70 77.35 0.65 6.89
CM-18-010 26.55 27.40 0.85 8.15
30.30 31.00 0.70 4.49
40.70 42.40 1.70 8.64
Including 40.70 41.40 0.70 15.80
44.70 50.55 5.85 10.70
Including 44.70 45.40 0.70 42.80
And 46.50 47.00 0.50 6.32
And 47.60 48.60 1.00 7.02
And 49.50 50.55 1.05 19.25
51.30 51.90 0.60 3.41
52.50 53.00 0.50 9.62
CM-18-011 81.75 82.60 0.85 38.50
192.00 192.50 0.50 3.55
195.90 197.00 1.10 5.69
348.90 349.50 0.60 7.60
CM-18-012 102.00 102.50 0.50 4.31
105.85 106.35 0.50 4.58
109.45 111.60 2.15 8.49
Including 105.85 106.35 0.50 4.58
And 110.70 111.60 0.90 6.14
113.75 116.90 3.15 24.69
Including 113.75 114.25 0.50 15.70
And 114.25 114.90 0.65 15.85
And 114.90 115.60 0.70 60.60
And 116.40 116.90 0.50 32.00
122.75 129.75 7.00 5.49
Including 122.75 123.40 0.65 8.20
And 123.40 124.30 0.90 26.70
And 129.15 129.75 0.60 6.71
CM-18-013 56.70 60.40 3.70 23.18
Including 56.70 57.20 0.50 45.10
And 57.80 58.30 0.50 52.20
And 59.90 60.40 0.50 71.50
75.80 76.30 0.50 10.20
90.60 91.10 0.50 63.80
123.50 124.00 0.50 26.80
133.00 133.50 0.50 15.15
CM-18-014 44.70 45.20 0.50 6.28
138.50 139.00 0.50 56.00
180.95 182.00 1.05 4.69
200.50 202.10 1.60 8.22
CM-18-015 122.50 123.50 1.00 5.11
189.60 190.10 0.50 10.50
226.60 227.50 0.90 15.45
CM-18-016 49.10 50.00 0.90 5.15
74.00 76.50 2.50 7.84
Including 74.50 75.10 0.60 29.70
90.00 90.70 0.70 7.95
98.40 99.00 0.60 8.65
100.70 101.20 0.50 11.15
CM-18-017 17.75 18.25 0.50 9.23
145.95 148.90 2.95 20.41
Including 145.95 146.80 0.85 21.80
And 147.40 148.90 1.50 27.70
165.50 166.65 1.15 22.21
166.15 166.65 0.50 36.40
CM-18-018 117.70 118.20 0.50 10.40
126.10 130.20 4.10 4.61
126.10 126.70 0.60 19.65
127.60 128.10 0.50 8.98
188.25 189.45 1.20 109.05
Including 188.25 188.85 0.60 21.10
And 188.85 189.45 0.60 197.00
240.20 240.85 0.65 7.29
242.70 243.80 1.10 6.42
250.35 251.30 0.95 8.81
CM-18-019 24.70 25.20 0.50 9.74
101.00 102.00 1.00 22.90
111.00 113.00 2.00 9.03
111.90 112.50 0.60 27.00
168.70 169.30 0.60 12.05
185.00 186.00 1.00 17.90
202.30 202.80 0.50 4.91
CM-18-020 122.00 122.50 0.50 24.80
CM-18-021 159.40 160.00 0.60 5.13
179.20 179.70 0.50 12.50
302.90 304.05 1.15 4.73
CM-18-022 28.90 29.60 0.70 15.80
75.70 76.20 0.50 12.30
128.50 133.00 4.50 4.18
Including 132.20 133.00 0.80 9.33
146.50 147.00 0.50 4.34
210.60 211.10 0.50 14.80
CM-18-023 189.50 190.00 0.50 20.60
198.40 199.00 0.60 10.70
206.60 207.10 0.50 15.45
CM-18-024 73.50 76.95 3.45 11.17
Including 73.50 75.00 1.50 7.98
And 76.00 76.95 0.95 27.50
119.00 123.00 4.00 26.33
Including 119.00 119.50 0.50 5.43
And 119.50 120.00 0.50 14.20
And 120.00 121.00 1.00 86.00
And 121.00 121.70 0.70 6.11
And 121.70 122.30 0.60 1.46
And 122.30 123.00 0.70 6.24
157.20 157.70 0.50 4.28
CM-18-025 No Significant Assays
CM-18-026 93.60 94.10 0.50 12.35
147.00 147.60 0.60 14.70
189.00 189.50 0.50 6.49
197.00 198.00 1.00 5.71
218.50 219.00 0.50 26.80
251.80 252.50 0.70 5.48
310.00 310.60 0.60 7.42
CM-18-027 Hole Abandoned
CM-18-028 144.00 145.50 1.50 21.50
166.00 166.50 0.50 21.00
179.70 180.80 1.10 16.65
Including 180.20 180.80 0.60 28.30
210.70 211.80 1.10 23.40
216.25 217.25 1.00 4.56
253.70 254.85 1.15 6.65
256.90 257.40 0.50 19.60
271.50 272.00 0.50 8.92
CM-18-029 21.75 22.25 0.50 17.80
26.95 27.45 0.50 80.60
64.15 65.15 1.00 42.50
97.50 98.00 0.50 6.67
128.85 129.70 0.85 13.90
186.15 186.65 0.50 4.11
219.00 219.85 0.85 160.50
230.25 231.00 0.75 4.00
251.00 253.10 2.10 39.81
Including 251.00 251.50 0.50 89.00
And 252.50 253.10 0.60 65.00
266.30 269.20 2.90 3.73
Including 268.05 269.20 1.15 7.35
322.10 322.60 0.50 4.78
CM-18-030 193.00 194.50 1.50 4.15
249.30 250.25 0.95 6.14
275.05 275.55 0.50 5.34
320.12 320.62 0.50 59.50
340.00 340.85 0.85 21.00
357.50 358.30 0.80 4.78
374.25 375.12 0.87 4.67
CM-18-031 59.90 60.40 0.50 4.90
75.00 75.60 0.60 4.77
138.00 139.00 1.00 18.05
173.50 175.50 2.00 6.70
Including 174.00 175.00 1.00 9.02
226.55 227.10 0.55 18.55
CM-18-032 39.50 40.00 0.50 5.56
CM-18-033 19.90 21.95 2.05 16.94
122.45 123.50 1.05 6.38
Including 122.45 123.00 0.55 8.89
315.55 316.20 0.65 11.00
320.65 322.35 1.70 6.52
Including 320.65 321.20 0.55 12.05
337.50 338.75 1.25 8.75
338.25 338.75 0.50 18.10
353.85 355.00 1.15 4.61
CM-18-034 161.50 164.20 2.70 9.33
Including 161.50 162.00 0.50 5.01
And 163.10 163.60 0.50 41.20
185.40 186.00 0.60 5.60
CM-18-035 70.00 70.50 0.50 7.67
CM-18-036 58.50 59.00 0.50 54.10
66.75 67.75 1.00 41.28
Including 66.75 67.25 0.50 76.50
71.00 71.75 0.75 4.46
88.30 89.00 0.70 4.80
143.00 143.50 0.50 26.00
145.35 145.85 0.50 84.20
CM-18-037 24.15 25.00 0.85 5.80
101.00 102.15 1.15 9.04
258.00 259.70 1.70 3.73
259.20 259.70 0.50 8.34
283.40 284.00 0.60 10.70
CM-18-038 26.00 26.70 0.70 18.80
121.10 122.20 1.10 9.70
129.70 130.40 0.70 10.25
136.30 137.00 0.70 10.15
CM-18-039 100.45 101.10 0.65 9.25
104.50 105.40 0.90 5.51
141.20 143.40 2.20 21.98
Including 141.20 141.70 0.50 47.50
And 142.25 142.75 0.50 32.30
And 142.75 143.40 0.65 12.65
145.70 146.50 0.80 4.98
191.70 192.50 0.80 6.96
195.00 195.50 0.50 377.00
198.50 200.00 1.50 6.26
CM-18-040 22.70 24.00 1.30 66.40
125.45 126.40 0.95 8.72
130.00 130.50 0.50 52.70
172.65 173.15 0.50 4.85
CM-18-041 135.00 135.50 0.50 5.72
209.00 209.50 0.50 7.24
248.00 248.70 0.70 9.14
279.00 280.15 1.15 8.17
282.15 282.65 0.50 4.09
306.00 307.20 1.20 14.95
317.50 318.00 0.50 40.10
368.00 368.50 0.50 19.15
CM-18-042 43.75 45.35 1.60 5.04
Including 44.85 45.35 0.50 10.50
CM-18-043 35.70 37.90 2.20 6.96
Including 35.70 36.40 0.70 14.90
55.80 58.85 3.05 19.73
Including 56.30 57.00 0.70 13.15
And 58.00 58.85 0.85 56.90
118.80 119.30 0.50 21.20
CM-18-044 31.15 31.75 0.60 8.33
CM-18-045 27.30 28.10 0.80 11.95
33.80 37.10 3.30 5.84
Including 36.45 37.10 0.65 15.15
68.00 73.05 5.05 13.07
Including 68.00 69.00 1.00 10.65
And 69.85 70.60 0.75 51.50
And 72.55 73.05 0.50 32.80
93.70 94.70 1.00 12.40
CM-18-046 77.40 77.90 0.50 27.50
84.50 85.00 0.50 28.30
90.90 91.50 0.60 5.29
94.70 96.70 2.00 14.88
Including 95.25 96.20 0.95 27.70
111.70 112.20 0.50 14.10
115.50 117.30 1.80 9.81
Including 115.50 116.50 1.00 11.80
219.85 221.50 1.65 24.60
Including 219.85 220.35 0.50 63.20
And 221.00 221.50 0.50 15.95
CM-18-047 152.70 153.20 0.50 27.70
183.30 183.90 0.60 5.46
188.50 189.10 0.60 8.35
CM-18-048 9.90 10.45 0.55 20.80
22.20 23.00 0.80 5.89
46.50 49.10 2.60 6.69
Including 46.50 47.00 0.50 13.55
65.70 66.20 0.50 19.30
76.96 77.96 1.00 14.50
86.70 87.90 1.20 6.93
214.15 216.15 2.00 17.31
280.35 281.10 0.75 7.14
CM-18-049 97.00 98.00 1.00 5.64
114.10 117.60 3.50 21.69
Including 114.10 114.60 0.50 101.00
And 115.10 115.60 0.50 18.35
And 116.10 116.60 0.50 10.10
And 117.10 117.60 0.50 17.20
157.30 158.30 1.00 5.64
168.30 168.90 0.60 52.20
194.50 195.00 0.50 4.64
213.55 215.75 2.20 24.40
230.30 231.25 0.95 16.75
CM-18-050 No Significant Assays

True widths are estimated to be 50 to 75% of reported core length intervals. 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
CM-18-001 137 -45
CM-18-002 117 -61
CM-18-003 123 -55
CM-18-004 117 -61
CM-18-005 126 -49
CM-18-006 123 -63
CM-18-007 126 -58
CM-18-008 126 -66
CM-18-009 127 -58
CM-18-010 122 -47
CM-18-011 129 -45
CM-18-012 128 -66
CM-18-013 128 -51
CM-18-014 126 -47
CM-18-015 121 -61
CM-18-016 116 -63
CM-18-017 128 -54
CM-18-018 127 -57
CM-18-019 133 -57
CM-18-020 111 -46
CM-18-021 118 -47
CM-18-022 142 -55
CM-18-023 128 -48
CM-18-024 154 -49
CM-18-025 120 -45
CM-18-026 137 -47
CM-18-027 123 -61
CM-18-028 115 -61
CM-18-029 115 -44
CM-18-030 111 -54
CM-18-031 131 -47
CM-18-032 133 -50
CM-18-033 125 -44
CM-18-034 138 -58
CM-18-035 334 -49
CM-18-036 150 -49
CM-18-037 127 -46
CM-18-038 142 -47
CM-18-039 114 -61
CM-18-040 120 -46
CM-18-041 137 -49
CM-18-042 137 -57
CM-18-043 150 -54
CM-18-044 131 -50
CM-18-045 141 -63
CM-18-046 132 -47
CM-18-047 120 -53
CM-18-048 117 -45
CM-18-049 116 -56
CM-18-050 323 -45

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e9d4d06d-a74f-4559-8a80-03f3f5df303a

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/d3f28994-59e4-44d9-8723-35aafeb80da5

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/4a48847b-b39b-4edf-986a-cfd50a368635


BGM2018LOGO_RGB.jpg

[howestreetbull]

BGM.v BGMZF Barkerville Gold Mines Reports Positive Results from Initial Test Mining of 80,000 Tonnes at Bonanza Ledge, Better Mine Grades and Solid Mill Performance
V.BGM | 2 hours ago
Canada NewsWire

TORONTO, Sept. 11, 2018

Mine grades of 7.05 g/t compared favorably to plan of 6.5 g/t
Mill recoveries on track at 91.6%
Both mine and mill throughput exceeding initial target levels
TORONTO, Sept. 11, 2018 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce positive results from its test mine at Bonanza Ledge. Barkerville's Bonanza Ledge mine has allowed the company to assess mining methods, understand what ground conditions to expect in different lithological units, train a local workforce, and generate cash flow to offset some exploration expenditures. All gathered data will add to the robustness of the company's feasibility study, which will be released in 2019.

image: https://mma.prnewswire.com/media/741828/Barkerville_Gold_Mines_Ltd__Barkerville_Gold_Mines_Reports_Posit.jpg

Barkerville Gold Mines Ltd. (CNW Group/Barkerville Gold Mines Ltd.)

Since the start of the Bonanza Ledge Project, approximately 80,000t have been extracted using long hole mining methods on two active levels. The mining blocks mined so far yield better grade than expected with an average grade of 7.05 g/t compared to the planned 6.5 g/t and dilution is on track with the predicted 12%. Cemented rock fill has been used as backfill. During development, conventional drill and blast methods were used along with a road header (continuous miner). The tested development methods will have a positive economic impact for the larger project at Cow and Island Mountain; major improvements on the performance and cost have been achieved in the last 5 months of operation. Significant reductions in operating cost has been made over the past few months, effectively reducing the initial $300/tonne CAD operating cost to $190/tonne CAD in the recent month.

Chris Lodder said "We are very pleased with the progression of the mine and mill and we continue to improve daily with our project team in place. The Bonanza Ledge Mine is proving the viability of our vision for the Cariboo project and the potential of growth to becoming a significant gold producer in British Columbia."

Significant Impacts

No lost time accidents have been recorded since the beginning of the Bonanza Ledge Project.
All Mining infrastructure (ventilation, pumping, electricity) and development (over 1,000m) have been complete, and a local mining team is in place.
The average head grade of 7.05 g/t was higher than expected 6.5 g/t.
Mine production was able to achieve up to 2000tpd, mill production was up to 800tpd.
Over 70,000t of ore have been milled project to date.
Milled recovery is 91.6% compared to the expected 92%, currently working toward further improvements including the recommissioning of a gravity circuit.
Over 12,200 ounces produced to date.
Qualified Persons

Mining activities at the Cariboo Gold Project are administered on site by the Company's Mine Manager, Paul Ratte. Francois Vezina, ing, P.Eng, MBA, Chief Operating Officer, is the engineer on record 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.

About Barkerville Gold Mines Ltd.

The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville's Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company's Brownfield's exploration team is focused on developing and delineating a mineable resource within the 7 kilometers of principle project area located near the town of Wells, British Columbia. The Company's Greenfield's team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation's team is focused on developing and mining the Bonanza Ledge and BC Vein deposits on Barkerville Mountain. This operation allows the company to generate near term cash flow, train a local work force, keeps the present mining permit active, and de-risk's the project through staged production growth. Processing of material from these deposits is processed at the QR mill. QR is a fully owned, permitted mill and tailings facility, located approximately 110 kilometres away from Wells, and can be accessed by an all-season road.

Cautionary Statement on Forward -Looking Information

Neither 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.

SOURCE Barkerville Gold Mines Ltd.

image: https://rt.newswire.ca/rt.gif?NewsItemId=C1635&Transmission_Id=201809110700CANADANWCANADAPR_C1635&DateId=20180911


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2018/11/c1635.html

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GOLD

[howestreetbull]

BGMZF BGM.v Barkerville signs $33M royalty deal with Osisko Gold

2018-09-06 08:09 ET - News Release


Mr. Chris Lodder reports

BARKERVILLE ANNOUNCES UP TO $33 MILLION ROYALTY FINANCING WITH OSISKO GOLD ROYALTIES LTD

Barkerville Gold Mines Ltd. has entered into a second amended and restated royalty purchase agreement with Osisko Gold Royalties Ltd. pursuant to which Osisko will acquire from Barkerville a 1.75-per-cent net smelter return (NSR) royalty on the Cariboo property for the aggregate purchase price of $20-million in immediately available funds.

Of the purchase price payable on closing, $2-million will be kept by Barkerville in a segregated restricted account and will not be available to Barkerville until certain conditions precedent are satisfied. Those conditions precedent include the delivery to Osisko of certain waivers and consents required from third parties in connection with the royalty transaction.

Under the terms of the royalty purchase agreement, the corporation also has the option to grant Osisko an additional 1-per-cent NSR on the property for additional cash consideration of $13-million, at any point between the closing date of the royalty transaction and Dec. 31, 2018. In order to grant the option royalty and receive the additional consideration, Barkerville must have successfully satisfied the conditions precedent to the release of the restricted funds.

In the event that the corporation announces a change of control during the royalty option period, or Osisko participates in an equity financing of the corporation during the royalty option period, if the option royalty remains unexercised, Osisko will have the right to purchase the option royalty.

As part of the royalty transaction, Barkerville will grant to Osisko 10 million common share purchase warrants of the corporation. The warrants will be exchangeable for common shares of the corporation at an exercise price of 75 cents per common share for a period of 36 months following the closing of the royalty transaction. All securities issued under the royalty transaction will be subject to a hold period expiring four months and one day from the date of closing.

The gross proceeds from royalty transaction will be used by the corporation to finance exploration and studies related to the property and for general corporate purposes. The royalty transaction remains subject to the final approval of the TSX Venture Exchange.

Related-party disclosure

The royalty transaction is considered to be a related-party transaction for purposes of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions -- and Policy 5.9 -- Protection of Minority Security Holders in Special Transactions of the TSX Venture Exchange. The corporation is relying on exemptions from the formal valuation and minority shareholder approval requirements available under MI 61-101. The corporation is exempt from the formal valuation requirement in Section 5.4 of MI 61-101 in reliance on sections 5.5(a) and (b) of MI 61-101 as the fair market value of the transaction is not more than the 25 per cent of the corporation's market capitalization, and no securities of the corporation are listed or quoted for trading on prescribed stock exchanges or stock markets. Additionally, the corporation is exempt from minority shareholder approval requirement in Section 5.6 of MI 61-101 in reliance on Section 5.7(b) as the fair market value of the transaction is not more than the 25 per cent of the corporation's market capitalization. The board of directors of Barkerville approved the royalty transaction, with Sean Roosen, John Burzynski and Chris Lodder having declared a conflict of interest in, and abstaining from voting on, the matters being considered.

About Barkerville Gold Mines Ltd.

The company is focused on developing its extensive mineral rights package located in the historical Cariboo mining district of central British Columbia. Barkerville's Cariboo gold project mineral tenures cover 1,950 square kilometres along a strike length of 67 kilometres which include several past-producing placer and hardrock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the company has unlocked the fundamental structural controls of gold mineralization. The company's brownfields exploration team is focused on developing and delineating a minable resource within the seven kilometres of principal project area located near the town of Wells, B.C.

We seek Safe Harbor.

© 2018 Canjex Publishing Ltd. All rights reserved.

[howestreetbull]

Barkerville Gold Mines: Infill Drilling Confirms High-grade Gold Mineralization - BGMZF BGM.v
by @nasdaq on May 8, 2018

TORONTO, May 08, 2018 (GLOBE NEWSWIRE) -- Barkerville Gold Mines Ltd. (TSXV:BGM) (the “Company” or “Barkerville”) is pleased to announce additional drilling results from the 50,000-meter 2018 Island Mountain exploration and delineation program at the Company’s flagship Cariboo Gold Project. Detailed drilling results, a drill hole location plan map and vertical sections are presented at the end of this release. The infill drilling results continue to demonstrate continuity and expansion of modelled vein corridors.

Historic Underground Workings and Modelled Vein Zones
Historic Underground Workings and Modelled Vein Zones


Island Mountain Drilling
Island Mountain Drilling


Island Mountain Drilling Section
Island Mountain Drilling Section


Drilling Highlights

IM-18-023: 42.20 g/t over 2.00 meters
IM-18-023: 54.51 g/t over 1.75 meters
IM-18-023: 73.8 g/t over 1.25 meters
IM-18-033: 16.96 g/t over 9.30 meters
IM-18-038: 12.54 g/t over 18.2 meters
IM-18-038: 17.91 g/t over 5.65 meters
IM-18-039: 22.87 g/t over 5.85 meters
IM-18-041: 36.41 g/t over 4.30 meters
IM-18-046: 27.41 g/t over 4.35 meters
Vein Zone Continuity on Island Mountain

The intervals noted above were intersected in holes designed to infill and expand known vein corridors on the property down to depths of 500 meters. The program consisted of 50,000 meters drilled in 162 holes, mainly in the Shaft Zone area. Mineralized quartz veins on the Cariboo Gold Project are hosted within the sandstones and are an anastomosing network of high vein density with an overall sub-vertical dip and northeast strike. Recent modelling of the vein corridors Island Mountain proposes 101 mineralized vein corridors. These vein corridors have estimated horizontal width of 3 meters and a strike length of up to 300 meters. These corridors have been defined from surface to a vertical depth of 600 meters and remain open for expansion at depth and down plunge. 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 Project Geologists, Kyle Orr and Felipe Castaneda. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, 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, Maggie Layman, 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 Lodder
President & Chief Executive Officer
155 University Avenue, Suite 1440
Toronto, Ontario, Canada
[e-mail]

About Barkerville Gold Mines Ltd.

The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville’s Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company’s Brownfield’s exploration team is focused on developing and delineating a mineable resource within the 7 kilometers of principle project area located near the town of Wells, British Columbia. The Company’s Greenfield’s team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation’s team is focused on developing and mining the Bonanza Ledge and BC Vein deposits on Barkerville Mountain. This operation allows the company to generate near term cash flow, train a local work force, keeps the present mining permit active, and de-risk’s the project through staged production growth. Processing of material from these deposits is processed at the QR mill. QR is a fully owned, permitted mill and tailings facility, located approximately 110 kilometres away from Wells, and can be accessed by an all-season road.

Cautionary Statement on Forward -Looking Information
Neither 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 from Island Mountain
HOLE ID FROM TO CORE LENGTH (M) AU (G/T)
IM-18-023 79.75 80.30 0.55 15.35
221.70 222.60 0.90 8.49
230.50 231.00 0.50 5.63
265.35 266.20 0.85 5.26
281.50 282.15 0.65 15.00
316.00 318.00 2.00 42.20
INCLUDING 317.00 318.00 1.00 58.00
352.75 354.50 1.75 54.51
INCLUDING 353.25 354.50 1.25 73.80
366.90 368.25 1.35 4.81
384.75 385.25 0.50 5.12
513.00 514.50 1.50 5.74
517.00 518.50 1.50 7.83
IM-18-023_1 354.00 354.80 0.80 20.20
368.95 370.50 1.55 4.65
394.70 395.30 0.60 10.10
IM-18-024 ABANDONED
IM-18-025 51.35 51.95 0.60 16.40
63.40 63.90 0.50 15.60
85.00 86.00 1.00 11.30
90.85 91.35 0.50 22.40
96.35 99.55 3.20 9.57
INCLUDING 97.15 98.65 1.50 13.05
112.80 114.30 1.50 61.40
194.20 194.90 0.70 5.24
240.15 240.65 0.50 4.92
IM-18-026 51.95 54.70 2.75 31.83
INCLUDING 53.40 54.10 0.70 51.20
AND 54.10 54.70 0.60 61.00
97.75 99.50 1.75 7.54
INCLUDING 97.75 99.00 1.25 9.43
134.00 136.75 2.75 9.44
INCLUDING 134.00 134.85 0.85 16.65
INCLUDING 134.85 135.40 0.55 15.25
153.65 154.15 0.50 10.45
214.20 214.75 0.55 68.90
IM-18-027 83.15 85.00 1.85 13.41
INCLUDING 83.15 83.65 0.50 18.80
AND 83.65 84.30 0.65 21.10
171.55 172.80 1.25 11.50
INCLUDING 172.25 172.80 0.55 19.40
171.55 172.80 1.25 11.50
INCLUDING 172.25 172.80 0.55 19.40
174.45 179.15 4.70 12.82
INCLUDING 174.95 175.55 0.60 18.35
AND 177.65 178.40 0.75 25.50
AND 178.40 179.15 0.75 15.50
181.60 185.35 3.75 5.21
INCLUDING 181.60 182.20 0.60 11.50
AND 184.30 184.85 0.55 13.15
AND 184.85 185.35 0.50 7.72
361.50 362.85 1.35 53.24
396.15 396.65 0.50 25.00
397.15 397.65 0.50 5.27
401.00 401.55 0.55 82.30
402.60 403.10 0.50 6.44
408.05 408.60 0.55 8.70
IM-18-028 163.30 164.20 0.90 7.03
IM-18-029 81.10 82.50 1.40 17.10
IM-18-030 28.50 29.40 0.90 15.40
33.70 34.25 0.55 16.90
152.00 152.60 0.60 5.87
225.80 226.30 0.50 4.76
303.00 303.75 0.75 5.66
305.80 306.30 0.50 17.40
344.35 345.10 0.75 9.66
350.30 350.80 0.50 6.11
389.50 390.70 1.20 15.01
INCLUDING 390.10 390.70 0.60 22.70
IM-18-031 34.00 34.90 0.90 5.68
83.15 83.70 0.55 30.10
88.15 90.00 1.85 17.81
INCLUDING 89.10 90.00 0.90 28.90
IM-18-032 66.00 66.50 0.50 9.13
87.80 88.30 0.50 4.62
112.50 113.25 0.75 47.20
IM-18-033 31.15 31.80 0.65 4.14
32.75 33.25 0.50 4.51
143.20 145.20 2.00 5.79
145.90 146.40 0.50 4.16
148.20 148.85 0.65 5.19
163.50 165.00 1.50 3.22
210.60 212.50 1.90 17.36
INCLUDING 210.60 211.25 0.65 29.50
AND 211.75 212.50 0.75 18.40
216.50 217.50 1.00 19.15
INCLUDING 217.00 217.50 0.50 26.90
266.85 267.35 0.50 13.05
337.00 338.15 1.15 15.25
428.75 430.95 2.20 12.71
INCLUDING 428.75 429.25 0.50 24.20
473.30 482.60 9.30 16.96
INCLUDING 473.30 474.00 0.70 16.05
AND 474.00 474.50 0.50 53.60
AND 476.00 476.65 0.65 57.90
AND 476.65 477.35 0.70 21.50
AND 479.50 480.00 0.50 18.15
AND 480.00 481.25 1.25 29.30
AND 482.00 482.60 0.60 14.65
492.50 493.00 0.50 5.08
497.00 497.50 0.50 5.67
IM-18-034 11.00 11.65 0.65 23.40
21.15 22.00 0.85 12.50
84.00 84.55 0.55 36.50
121.80 122.55 0.75 6.82
135.90 136.65 0.75 6.02
161.00 162.50 1.50 7.09
INCLUDING 162.00 162.50 0.50 9.60
165.50 166.30 0.80 8.99
242.65 243.30 0.65 11.90
244.20 245.50 1.30 21.39
IM-18-035 89.00 89.50 0.50 4.59
100.65 102.00 1.35 11.00
115.35 116.50 1.15 4.57
IM-18-036 125.60 126.10 0.50 9.45
220.15 220.80 0.65 16.80
297.80 299.00 1.20 3.77
327.50 328.85 1.35 11.57
INCLUDING 327.50 328.15 0.65 15.25
344.50 347.50 3.00 14.25
344.50 345.00 0.50 56.20
347.00 347.50 0.50 26.00
355.55 356.20 0.65 22.30
398.60 399.50 0.90 17.90
407.35 407.95 0.60 15.40
409.15 409.70 0.55 4.11
412.75 413.40 0.65 8.01
414.15 414.65 0.50 16.75
IM-18-037 ABANDONED
IM-18-038 61.90 64.10 2.20 34.04
INCLUDING 62.50 63.00 0.50 55.20
66.00 70.60 4.60 20.34
INCLUDING 67.00 68.30 1.30 30.20
77.80 78.70 0.90 13.00
81.80 100.00 18.20 12.54
INCLUDING 81.80 82.60 0.80 26.20
AND 84.20 85.00 0.80 34.60
AND 85.00 86.50 1.50 25.90
AND 91.00 92.50 1.50 15.80
AND 92.50 93.00 0.50 16.30
AND 96.00 97.00 1.00 13.75
102.00 103.00 1.00 11.15
104.00 104.60 0.60 5.90
116.05 117.80 1.75 15.96
INCLUDING 116.05 116.55 0.50 22.50
171.40 172.50 1.10 46.21
INCLUDING 171.40 172.00 0.60 80.60
218.70 219.20 0.50 11.60
223.75 224.25 0.50 91.90
226.30 239.00 12.70 4.22
INCLUDING 227.80 228.30 0.50 6.17
AND 229.55 230.30 0.75 29.00
AND 233.50 234.00 0.50 6.68
AND 237.35 238.00 0.65 8.28
AND 238.50 239.00 0.50 10.40
244.00 249.65 5.65 17.91
INCLUDING 244.00 245.00 1.00 10.70
AND 248.35 249.65 1.30 67.00
IM-18-039 50.50 51.30 0.80 31.50
54.85 60.70 5.85 22.87
INCLUDING 54.85 56.10 1.25 44.60
AND 59.00 60.00 1.00 61.50
AND 60.00 60.70 0.70 11.00
104.60 105.35 0.75 5.52
112.80 113.30 0.50 12.15
116.50 117.00 0.50 19.20
120.00 120.50 0.50 4.81
148.80 151.00 2.20 12.69
INCLUDING 149.50 151.00 1.50 16.65
192.40 193.30 0.90 4.52
222.15 222.80 0.65 5.00
244.70 247.65 2.95 7.53
INCLUDING 247.15 247.65 0.50 15.50
251.00 252.00 1.00 10.25
282.70 284.30 1.60 7.65
INCLUDING 283.60 284.30 0.70 10.05
IM-18-040 165.30 166.00 0.70 10.50
176.15 181.00 4.85 7.17
INCLUDING 176.15 176.80 0.65 4.58
AND 178.80 179.30 0.50 31.70
AND 180.50 181.00 0.50 9.02
305.00 305.75 0.75 19.30
IM-18-041 25.90 30.20 4.30 36.41
INCLUDING 25.90 26.50 0.60 31.00
AND 27.00 27.80 0.80 114.00
AND 27.80 28.45 0.65 40.90
AND 28.45 29.00 0.55 20.10
126.35 129.00 2.65 6.96
INCLUDING 126.35 127.00 0.65 16.15
159.25 160.75 1.50 19.20
165.50 166.00 0.50 16.20
217.50 218.20 0.70 4.09
IM-18-042 61.50 63.00 1.50 5.01
190.00 191.50 1.50 5.39
IM-18-043 23.50 24.00 0.50 14.70
24.60 25.15 0.55 5.65
188.50 189.00 0.50 40.20
193.40 194.15 0.75 17.65
197.95 198.50 0.55 6.66
IM-18-044 18.75 19.60 0.85 16.95
24.00 26.40 2.40 20.19
INCLUDING 24.00 25.25 1.25 27.40
AND 25.90 26.40 0.50 28.40
127.35 128.00 0.65 4.46
155.50 157.00 1.50 20.20
315.50 316.90 1.40 14.65
349.50 351.00 1.50 9.11
350.50 351.00 0.50 17.65
IM-18-045 65.25 66.00 0.75 6.44
227.65 228.55 0.90 48.60
270.95 271.55 0.60 7.71
273.35 273.85 0.50 11.90
278.35 279.00 0.65 32.30
284.20 284.70 0.50 9.08
305.50 306.00 0.50 13.70
322.60 323.45 0.85 7.53
368.00 372.00 4.00 5.22
INCLUDING 368.00 369.00 1.00 12.40
AND 371.00 372.00 1.00 6.86
IM-18-046 282.50 283.00 0.50 5.35
353.00 354.00 1.00 10.10
447.90 456.15 8.25 14.36
INCLUDING 447.90 449.00 1.10 11.05
AND 452.00 452.65 0.65 45.30
AND 453.85 455.00 1.15 13.25
460.75 461.70 0.95 10.40
474.00 475.00 1.00 11.10
496.00 500.35 4.35 27.41
INCLUDING 496.00 497.00 1.00 19.75
AND 497.50 498.75 1.25 51.10
AND 498.75 499.75 1.00 30.90
520.30 520.80 0.50 13.75
523.65 524.55 0.90 8.73
536.70 537.70 1.00 19.40
IM-18-047 138.80 139.75 0.95 9.49
213.15 213.65 0.50 5.34
267.30 268.05 0.75 12.90
269.10 269.65 0.55 12.60
408.60 409.70 1.10 10.30
421.50 428.50 7.00 11.68
INCLUDING 421.50 422.25 0.75 12.70
AND 422.80 423.60 0.80 29.80
AND 426.40 427.10 0.70 12.50
AND 427.85 428.50 0.65 47.40
True widths are estimated to be 50 to 75% of reported core length intervals. 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-18-023 123 -65
IM-18-024 124 -64
IM-18-025 151 -50
IM-18-026 149 -60
IM-18-027 130 -58
IM-18-028 131 -53
IM-18-029 146 -60
IM-18-030 135 -44
IM-18-031 145 -59
IM-18-032 134 -45
IM-18-033 120 -65
IM-18-034 143 -57
IM-18-035 139 -58
IM-18-036 134 -54
IM-18-037 122 -65
IM-18-038 108 -44
IM-18-039 114 -53
IM-18-040 141 -51
IM-18-041 133 -50
IM-18-042 146 -44
IM-18-043 133 -47
IM-18-044 130 -63
IM-18-045 142 -45
IM-18-046 123 -67
IM-18-047 125 -55
Photos accompanying this announcement are available at

http://resource.globenewswire.com/Resource/Download/3af6cda1-f406-45df-8a9c-ee378d87ae84

http://resource.globenewswire.com/Resource/Download/6067136f-f7cf-479b-903b-2fcff490b1ea

http://resource.globenewswire.com/Resource/Download/f450833c-0f36-4dd5-86d6-b0047919d9ae



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[howestreetbull]

by @nasdaq on May 2, 2018
BGM Defines Cow and Island Mountains Maiden Underground Resource and Barkerville Mountain Update

TORONTO, May 02, 2018 (GLOBE NEWSWIRE) -- Barkerville Gold Mines Ltd. (TSX-V:BGM) (“BGM” or the “Company”) is pleased to announce the maiden Mineral resource estimate for Cow and Island Mountain deposits at its 100% owned Cariboo Gold Project located in Wells, B.C. The underground mineral resource estimate incorporates the Cow Mountain (“Cow”) and Valley Zones (“Valley”) on Cow Mountain and Shaft Zone (“Shaft”) and Mosquito Creek (“Mosquito”) on Island Mountain at a cut-off grade of 3.0 g/t Au (“grams per metric tonne”). A mineral resource on Bonanza Ledge and BC Vein is also included. The resource is defined over 6 kilometers of BGM’s 67-kilometer-long land package. Infill and exploration drilling is ongoing and resource updates will be presented annually. The mineral resource estimate was conducted by Talisker Exploration Services Inc. and validated by InnovExplo Inc., an independent consulting firm based out of Val-d’Or, Quebec.

Figure 1: Plan Map Showing Modelled Vein Corridors on Island and Cow Mountains
Figure 1: Plan Map Showing Modelled Vein Corridors on Island and Cow Mountains


Figure 2: Cariboo Gold Project Longitudinal Section
Figure 2: Cariboo Gold Project Longitudinal Section


Cariboo Gold Project Mineral Resource

1.60 million ounces of gold in the measured and indicated category (8.1 million tonnes grading 6.1 g/t Au)

2.16 million ounces of gold in the inferred category (12.7 million tonnes grading 5.2 g/t Au)
The maiden Mineral resource estimate for Cow and Island Mountain deposits is built upon over 210,000 meters of diamond drilling from BGM’s 2016 and 2017 drill campaigns, and historically verified drill data using a total of 2,328 drillholes. The mineral resource estimate is supported by a robust 3D litho-structural model of the gold-bearing vein corridors. A strong understanding of the controls of mineralization enabled the Company’s technical team to construct a mineral resource estimate constrained by lithology, alteration, structure and mineralization. A total of 181 vein corridors were modelled.

Table 1: 2018 Cariboo Gold Project Underground Mineral Resource Estimate reported at a 3.0 g/t Au cut-off grade

Cariboo Gold Project Mineral Resources
Deposit Tonnes Au (g/t) Au Oz
Measured
Bonanza Ledge 264,000 7.3 61,900
Indicated
Bonanza Ledge 63,400 4.8 9,700
BC Vein 444,900 6.4 91,600
Mosquito 247,000 9.5 75,700
Shaft 4,373,200 5.9 835,600
Valley 769,600 5.8 142,700
Cow 1,947,800 6.1 381,800
Total Indicated 7,845,900 6.1 1,537,100
Total Measured and Indicated 8,109,900 6.1 1,599,000

Inferred
BC Vein 173,400 4.6 25,400
Mosquito 699,200 6.0 135,600
Shaft 7,357,000 5.1 1,213,000
Valley 2,454,300 5.4 423,400
Cow 2,047,300 5.4 358,300
Total Inferred 12,731,200 5.2 2,155,700

Given the nature of these vein corridors, extensions down dip and along strike are highly plausible. Drilling has occurred to depths of 600 meters from surface. BGM plans to drill down dip and along strike of mineralized vein corridors to define additional resources at Cow and Island Mountain. BGM intends to drill underground once permitting and construction of an exploration drift is complete. The mineral resource estimate reported herein represents the first mineral resource estimate on Cow and Island published by the new management team. The robust 3D litho-structural model that defines the controls of mineralization allows the exploration team to define additional mineral resource much more efficiently, lowering the cost per discoverable ounce. This model can be applied to the remaining 65 kilometers of strike.

In accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), an updated technical report for the Cariboo Gold Project will be filed on SEDAR and the Company’s website within 45 calendar days of this disclosure.

Chris Lodder, President and CEO of BGM commented, “The discovery of this initial, robust, underground resource coupled with our planned exploration decline at Cow and Island Mountain as well as unparalleled potential for significant resource expansion at depth and on strike, places BGM on a path to become a significant gold mining company in Western Canada.”

Mineral Resource Estimate for Cow and Island Mountain deposits

The mineral resources disclosed in this press release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) standards on mineral resources and reserves definitions, and guidelines prepared by the CIM standing committee on reserve definitions and adopted by the CIM council.

Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves.
Geologic and vein corridor modeling was completed by BGM Chief Resource Geologist Tessa Scott, P.Geo. A total of 181 vein corridors were modelled at a minimum thickness of 2.0 meters.
The drill data includes all historically verified and validated data and drilling from the 2016 and 2017 exploration campaigns.
Resource Estimation was completed by Talisker Exploration Services Geologist Leonardo Souza, MAusIMM (CP).
Each of Christine Beausoleil, P.Geo and Carl Pelletier, P.Geo, of Innovexplo Inc. has reviewed and validated the mineral resource estimate and are both independent “Qualified Person” (as defined in NI 43-101) responsible for the 2018 mineral resource estimate. The effective date of the 2017 mineral resource estimate is May 2, 2018.
Results are in-situ and undiluted.
The mineral resource estimate is reported at a cut-off grade of 3.00 g/t Au. Cut-off grades must be re-evaluated considering prevailing market conditions (including gold prices, exchange rates and mining costs).
An average density of 2.75 g/cm3 was established for all zones.
Samples are composited within the vein corridor solids and lengths vary by zone (Cow 3.0 m, Valley 1.4 m, Shaft 2.0 m, and Mosquito 3.0 m).
A three-step capping procedure has been applied to composite data for each zone. Capping was implemented at three distances for each deposit and ranges from 15 to 60 m depending on the zone.
Resources were estimated using Datamine Studio RM 1.3 software within the modeled vein corridors using hard boundaries. Ordinary Kriging interpolation method was used to estimate the resource in a sub-blocked model (parent block size = 5 meters x 5 meters x 5 meters).
The inferred and indicated resource categories were constructed manually for each vein corridor.
For blocks to be categorized as indicated, blocks must be informed by two drill holes with a minimum distance of approximately 25 m to the nearest drill hole. The classification can extend for 30 m where the mineralization trend was demonstrated by multiple adjacent holes.
For blocks to be categorized as inferred, the blocks must be informed by two drill holes with a minimum distance of approximately 50 m to the nearest drill hole. The classification can extend up to 100 m as the vein corridor model is tightly constrained.
Ounce (troy) = metric tons x grade / 31.10348. Calculations used metric units (meters, tonnes, g/t).
The number of metric tons was rounded to the nearest hundred. Any discrepancies in the totals are due to rounding effects; rounding followed the recommendations as per NI 43-101.
Neither the Company nor InnovExplo Inc. is aware of any known environmental, permitting, legal, title-related, taxation, socio-political, marketing or other relevant issue that could materially affect the mineral resource estimate
The quantity and grade of reported Inferred Mineral Resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred Mineral Resources as an Indicated Mineral Resource and it is uncertain if further exploration will result in upgrading them to an Indicated Mineral Resource category.
All figures have been rounded to reflect the relative precision of the estimates. Mineral Resources are reported at a cut-off grade of 3.0 g/t gold based on CAD $1,664 per troy ounce gold and gold metallurgical recoveries of 87.4 percent.
Mineral Resource Estimate for Barkerville Mountain

The 2018 MRE was prepared by Christine Beausoleil, P.Geo. and Carl Pelletier, P.Geo, of InnovExplo Inc., both indedpendent qualified persons as defined by NI 43 101. The effective date of the estimate is May 1, 2018.
These Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability.
Results are presented in-situ and undiluted.
The estimate includes two (2) gold zones.
The official underground resource is reported at a cut-off grade of 3.00 g/t Au. Cut-off grades must be re-evaluated in light of prevailing market conditions (gold price, exchange rate and mining cost).
Density (g/cm3) data was established on a per zone basis and ranges from 2.72 to 3.20 g/cm3.
A minimum true thickness of 2.0 m was applied, using the grade of the adjacent material when assayed, or a value of zero when not assayed.
Compositing was done on drill hole sections falling within the mineralized zones (composite = 2.0 m for BC Vein and Bonanza Ledge; distributed tails).
High-grade capping (g/t Au) was done on composited data and varies from 32 to 70 g/t Au based on the statistical analysis of individual mineralized zones. Restricted search ellipsoids were used during the BC Vein interpolation using 1/2 variographic ranges and a threshold of 21 g/t Au.
Resources were estimated using GEOVIA GEMS 6.7 software from drill hole sampling, using a 2-pass Ordinary Kriging interpolation method in a block model (block size = 2 m x 2 m x 5 m).
The Inferred category is only defined within areas where blocks were interpolated during Pass 1 or Pass 2 where continuity is sufficient to avoid isolated blocks being interpolated by only one drill hole, and isolated blocks were reclassified as “exploration potential” on a visual basis. The Indicated category is only defined by blocks interpolated by a minimum of two drill holes in areas where the maximum distance to drill hole composites is less than 20 m for blocks interpolated in Pass 1. The Measured category is only defined by blocks interpolated by a minimum of three drill holes in areas where the maximum distance to the closest drill hole composite is less than 10 m for blocks interpolated in Pass 1 and in close proximity with the sampled open pit (< 40m).
Ounce (troy) = metric tons x grade / 31.10348. Calculations used metric units (metres, tonnes, g/t).
The number of metric tons was rounded to the nearest hundred. Any discrepancies in the totals are due to rounding effects; rounding followed the recommendations in NI 43 101
InnovExplo is not aware of any known environmental, permitting, legal, title-related, taxation, socio-political, marketing or other relevant issue that could materially affect the mineral resource estimate
About the Cariboo Gold Project

The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. BGM’s Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company’s Brownfield’s exploration team is focused on developing and delineating a mineable resource within the 7 kilometers of principle project area located near the town of Wells, British Columbia. The Company’s Greenfield’s team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation’s team is focused on developing and mining the Bonanza Ledge and BC Vein deposits on Barkerville Mountain. This operation allows the company to generate near term cash flow, train a local work force, keeps the present mining permit active, and de-risk’s the project through staged production growth. Processing of material from these deposits is processed at the QR mill. QR is a fully owned, permitted mill and tailings facility, located approximately 110 kilometres away from Wells, and can be accessed by an all-season road.

QA/QC and Core Sampling Protocols

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, Maggie Layman, 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).

Qualified Persons and 43-101 Disclosure

As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, 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.

The Independent and Qualified Persons for the Mineral Resources Estimate update, as defined by NI 43-101, is Christine Beausoleil, P.Geo., and Carl Pelletier, P.Geo., both of InnovExplo Inc. and confirm having reviewed this press release and that the scientific and technical information is consistent.

ON BEHALF OF THE BOARD

“Chris Lodder”
Chris Lodder, President, CEO & Director

For further information on Barkerville Gold Mines Ltd. please contact:
Chris Lodder
President & Chief Executive Officer
155 University Avenue, Suite 1440
Toronto, Ontario, Canada
[e-mail]

Photos accompanying this announcement are available at:
http://resource.globenewswire.com/Resource/Download/1e8a7af4-b8a8-45bf-a5b2-e936c3c0bde4
http://resource.globenewswire.com/Resource/Download/71090e6c-56d7-4cbe-a613-cfb29cbe131e








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[Rocketred]

20 million oz
Barkerville releases Cow, Island Mtn resource estimate

2018-05-02 16:45 ET - News Release
Shares issued 436,563,997
BGM Close 2018-05-02 C$ 0.67


Mr. Chris Lodder reports

BGM DEFINES COW AND ISLAND MOUNTAINS MAIDEN UNDERGROUND RESOURCE AND BARKERVILLE MOUNTAIN UPDATE

Barkerville Gold Mines Ltd. has released the maiden mineral resource estimate for Cow and Island Mountain deposits at its 100-per-cent-owned Cariboo gold project, located in Wells, B.C. The underground mineral resource estimate incorporates the Cow Mountain ("Cow") and Valley Zones ("Valley") on Cow Mountain and Shaft Zone ("Shaft") and Mosquito Creek ("Mosquito") on Island Mountain at a cut-off grade of 3.0 g/t Au ("grams per metric tonne"). A mineral resource on Bonanza Ledge and BC Vein is also included. The resource is defined over 6 kilometers of BGM's 67-kilometer-long land package. Infill and exploration drilling is ongoing and resource updates will be presented annually. The mineral resource estimate was conducted by Talisker Exploration Services Inc. and validated by InnovExplo Inc., an independent consulting firm based out of Val-d'Or, Quebec.

Cariboo Gold Project Mineral Resource

1.60 million ounces of gold in the measured and indicated category (8.1 million tonnes grading 6.1 g/t Au)

2.16 million ounces of gold in the inferred category (12.7 million tonnes grading 5.2 g/t Au)

The maiden Mineral resource estimate for Cow and Island Mountain deposits is built upon over 210,000 meters of diamond drilling from BGM's 2016 and 2017 drill campaigns, and historically verified drill data using a total of 2,328 drillholes. The mineral resource estimate is supported by a robust 3D litho-structural model of the gold-bearing vein corridors. A strong understanding of the controls of mineralization enabled the Company's technical team to construct a mineral resource estimate constrained by lithology, alteration, structure and mineralization. A total of 181 vein corridors were modelled.

2018 Cariboo Gold Project Underground Mineral Resource Estimate reported at a 3.0 g/t Au cut-off grade

Cariboo Gold Project Mineral Resources
Deposit Tonnes Au (g/t)Au Oz
Measured
Bonanza Ledge 264,000 7.3 61,900
Indicated
Bonanza Ledge 63,400 4.8 9,700
BC Vein 444,900 6.4 91,600
Mosquito 247,000 9.5 75,700
Shaft 4,373,200 5.9 835,600
Valley 769,600 5.8 142,700
Cow 1,947,800 6.1 381,800
Total Indicated 7,845,900 6.1 1,537,100
Total Measured and Indicated8,109,900 6.1 1,599,000

Inferred
BC Vein 173,400 4.6 25,400
Mosquito 699,200 6.0 135,600
Shaft 7,357,000 5.1 1,213,000
Valley 2,454,300 5.4 423,400
Cow 2,047,300 5.4 358,300
Total Inferred 12,731,2005.2 2,155,700

[howestreetbull]

BGMZF BGM.v BGM Intersects 24.16 g/t Au Over 14.55 Meters on Island Mountain
by @nasdaq on April 11, 2018
TORONTO, April 11, 2018 (GLOBE NEWSWIRE) -- Barkerville Gold Mines Ltd. (TSXV:BGM) (the “Company” or “Barkerville”) is pleased to announce drilling results from the 50,000-meter 2018 Island Mountain exploration and delineation programs at the Company’s flagship Cariboo Gold Project. Detailed drilling results, a drill hole location plan map and vertical sections are presented at the end of this release. True widths are estimated to be 50 to 75% of reported core length intervals. The Company currently has seven drill rigs exploring and delineating mineralized vein corridors on Island Mountain. An eighth drill rig is exploring regional targets 6 km south east of Barkerville Mountain.

Island Mountain Zone Drilling
Island Mountain Zone Drilling


Island Mountain Vertical Section
Island Mountain Vertical Section


Drilling Highlights

IM-18-001: 101.98 g/t Au over 2.15 meters
IM-18-001: 7.65 g/t Au over 10.60 meters
IM-18-005: 14.69 g/t Au over 15.80 meters
IM-18-006: 10.87 g/t Au over 6.00 meters
IM-18-006: 24.16 g/t Au over 14.55 meters
IM-18-009: 52.65 g/t Au over 2.50 meters
IM-18-010: 19.64 g/t Au over 3.85 meters
IM-18-019: 11.35 g/t Au over 6.30 meters
IM-18-022: 34.57 g/t Au over 4.20 meters
Vein Zone Continuity on Island Mountain

The 2018 drill program at Island Mountain is designed to infill and expand known vein corridors on the property. Continuity and extensions of mineralized vein corridors on Island Mountain is demonstrated from recent results. Island Mountain hole IM-18-006 intersected 24.16 g/t Au over 14.55 meters, 140 meters up dip of IM-18-019 that assayed 11.35 g/t Au over 6.30 meters. These intercepts are within and adjacent to modelled vein corridors. IM-18-005 intersected 14.69 g/t Au over 15.80 meters, 35 meters up dip from a modelled vein corridor and IM-18-010 that assayed 19.64 g/t Au over 3.85 meters.

Corridors Discussion

Mineralized quartz veins on the Cariboo Gold Project are hosted within the sandstones and are an anastomosing network of high vein density with an overall sub-vertical dip and northeast strike. Recent modelling of the vein corridors Island Mountain proposes 64 mineralized vein corridors. These vein corridors have estimated horizontal width of 3 meters and a strike length of up to 300 meters. These corridors have been defined from surface to a vertical depth of 600 meters and remain open for expansion at depth and down plunge. Drill hole 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 at 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 Project Geologists, Kyle Orr and Felipe Castaneda. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, 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, Maggie Layman, 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 Lodder
President & Chief Executive Officer
155 University Avenue, Suite 1440
Toronto, Ontario, Canada
[e-mail]

About Barkerville Gold Mines Ltd.

The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville’s Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company’s Brownfield’s exploration team is focused on developing and delineating a mineable resource within the 7 kilometers of principle project area located near the town of Wells, British Columbia. The Company’s Greenfield’s team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation’s team is focused on developing and mining the Bonanza Ledge and BC Vein deposits on Barkerville Mountain. This operation allows the company to generate near term cash flow, train a local work force, keeps the present mining permit active, and de-risk’s the project through staged production growth. Processing of material from these deposits is processed at the QR mill. QR is a fully owned, permitted mill and tailings facility, located approximately 110 kilometres away from Wells, and can be accessed by an all-season road.

Cautionary Statement on Forward -Looking Information
Neither 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 from Island Mountain

HOLE ID FROM TO CORE LENGTH (M) AU (G/T)
IM-18-001 64.75 67.90 3.15 5.52
INCLUDING 64.75 65.35 0.60 12.65
139.20 139.70 0.50 21.00
144.70 145.90 1.20 5.74
191.30 194.35 3.05 4.52
INCLUDING 191.30 192.30 1.00 7.96
AND 193.35 194.35 1.00 5.74
348.45 350.60 2.15 101.98
INCLUDING 348.45 349.10 0.65 18.50
AND 350.00 350.60 0.60 345.00
372.85 373.55 0.70 6.42
378.15 388.75 10.60 7.65
INCLUDING 378.15 378.90 0.75 48.60
AND 382.10 383.30 1.20 12.30
AND 385.05 385.65 0.60 7.80
AND 387.60 388.75 1.15 8.45
397.35 397.85 0.50 37.50
412.75 414.25 1.50 6.71
IM-18-002 66.60 67.10 0.50 6.69
136.85 138.00 1.15 11.10
158.50 160.00 1.50 15.50
210.90 212.20 1.30 28.60
255.25 256.00 0.75 7.32
IM-18-003 68.20 70.40 2.20 6.35
INCLUDING 68.20 69.15 0.95 8.57
AND 69.90 70.40 0.50 10.80
132.20 132.90 0.70 20.70
140.85 141.35 0.50 10.25
160.00 161.00 1.00 7.70
218.50 219.35 0.85 4.80
IM-18-004 42.00 42.60 0.60 5.11
68.40 69.65 1.25 10.85
92.60 93.20 0.60 5.21
122.80 125.35 2.55 9.11
INCLUDING 123.30 124.80 1.50 11.75
137.50 138.50 1.00 8.12
141.85 142.35 0.50 4.32
156.85 158.15 1.30 29.10
IM-18-005 36.70 37.20 0.50 23.70
38.30 39.00 0.70 29.40
42.50 44.50 2.00 6.51
42.50 43.00 0.50 3.84
44.00 44.50 0.50 20.30
51.50 52.15 0.65 10.20
57.95 59.00 1.05 39.00
121.00 121.80 0.80 11.00
162.90 178.70 15.80 14.69
INCLUDING 162.90 164.00 1.10 7.46
AND 164.00 164.50 0.50 199.00
AND 168.05 168.95 0.90 59.70
AND 169.50 171.00 1.50 22.70
AND 174.40 174.90 0.50 17.35
AND 178.00 178.70 0.70 16.75
193.85 194.40 0.55 31.30
196.20 197.00 0.80 11.60
IM-18-006 99.00 105.00 6.00 10.87
INCLUDING 99.00 100.00 1.00 7.51
AND 101.00 101.50 0.50 45.00
AND 103.30 103.80 0.50 17.45
AND 103.80 104.30 0.50 35.10
116.00 117.50 1.50 18.15
162.00 162.50 0.50 7.26
175.00 176.00 1.00 5.91
182.20 196.75 14.55 24.16
INCLUDING 182.20 183.00 0.80 63.40
AND 186.60 187.20 0.60 75.10
AND 187.20 188.00 0.80 33.50
AND 194.10 195.00 0.90 17.45
AND 195.00 196.00 1.00 164.00
AND 196.00 196.75 0.75 11.50
248.00 248.90 0.90 14.10
282.00 283.40 1.40 9.61
291.00 291.50 0.50 6.77
297.00 298.50 1.50 4.66
INCLUDING 298.00 298.50 0.50 6.74
IM-18-006-1 183.50 184.00 0.50 11.90
187.80 191.50 3.70 25.96
INCLUDING 189.65 190.40 0.75 59.70
IM-18-007 238.00 239.05 1.05 6.95
IM-18-008 55.00 55.50 0.50 5.00
149.10 150.50 1.40 9.91
319.75 320.25 0.50 9.50
IM-18-009 43.75 46.25 2.50 52.65
INCLUDING 44.25 45.75 1.50 85.60
51.10 51.85 0.75 11.75
57.10 58.00 0.90 5.78
68.50 69.00 0.50 4.74
80.95 81.50 0.55 8.32
94.15 95.30 1.15 16.70
96.70 97.30 0.60 18.25
200.95 201.50 0.55 7.10
269.30 270.15 0.85 12.45
277.40 278.10 0.70 8.27
406.00 407.40 1.40 4.76
IM-18-010 17.70 20.20 2.50 44.66
INCLUDING 17.70 18.20 0.50 166.50
AND 18.20 18.80 0.60 28.60
140.75 141.85 1.10 10.70
185.00 186.40 1.40 5.80
215.60 219.45 3.85 19.64
INCLUDING 215.60 216.15 0.55 18.10
AND 217.95 218.45 0.50 41.90
AND 218.45 219.45 1.00 35.30
249.90 250.40 0.50 22.00
269.00 269.55 0.55 32.60
279.40 279.90 0.50 4.92
289.85 291.00 1.15 4.65
299.65 300.15 0.50 4.30
IM-18-011 NO SIGNIFICANT ASSAYS
IM-18-012 107.25 107.75 0.50 41.60
194.30 197.20 2.90 26.13
INCLUDING 195.00 196.00 1.00 44.90
228.50 229.00 0.50 89.90
233.90 234.50 0.60 88.60
237.35 237.90 0.55 21.60
IM-18-013 104.50 105.95 1.45 14.90
IM-18-014 97.25 99.00 1.75 9.04
116.00 116.60 0.60 16.55
342.00 342.85 0.85 7.46
387.00 388.35 1.35 5.50
INCLUDING 387.85 388.35 0.50 7.99
IM-18-015 415.40 416.75 1.35 17.00
IM-18-016 132.75 135.30 2.55 24.58
INCLUDING 132.75 133.75 1.00 9.09
AND 134.25 135.30 1.05 51.00
150.00 151.25 1.25 8.66
222.00 224.25 2.25 9.31
285.50 286.00 0.50 10.90
313.05 313.90 0.85 7.63
326.35 327.50 1.15 5.09
IM-18-017 46.30 47.20 0.90 17.95
IM-18-018 15.50 17.10 1.60 5.40
43.00 43.70 0.70 14.10
145.45 147.75 2.30 25.94
INCLUDING 147.00 147.75 0.75 67.00
152.30 152.80 0.50 26.70
177.20 177.70 0.50 22.90
289.85 290.50 0.65 22.00
302.40 303.05 0.65 7.64
315.70 316.45 0.75 7.95
341.50 343.00 1.50 5.45
IM-18-019 23.50 24.55 1.05 53.70
69.00 70.50 1.50 8.93
124.40 125.00 0.60 10.35
129.25 131.25 2.00 12.04
INCLUDING 129.25 130.10 0.85 14.80
AND 130.60 131.25 0.65 12.50
311.10 317.40 6.30 11.35
INCLUDING 311.10 312.00 0.90 38.70
AND 313.55 314.20 0.65 19.85
AND 314.20 314.70 0.50 29.50
AND 316.70 317.40 0.70 7.69
329.00 329.85 0.85 22.90
339.80 340.30 0.50 13.05
364.50 365.00 0.50 18.75
408.20 414.75 6.55 5.98
INCLUDING 408.20 408.70 0.50 24.60
AND 411.00 411.55 0.55 6.50
AND 413.00 414.00 1.00 11.20
AND 414.00 414.75 0.75 10.45
IM-18-020 97.30 98.20 0.90 9.26
IM-18-021 108.60 112.00 3.40 19.45
INCLUDING 108.60 109.20 0.60 5.29
AND 111.00 112.00 1.00 61.10
IM-18-022 134.50 136.00 1.50 16.55
145.00 147.65 2.65 12.03
INCLUDING 145.00 145.50 0.50 32.80
AND 147.00 147.65 0.65 21.10
160.90 165.10 4.20 34.57
INCLUDING 162.00 162.60 0.60 139.50
AND 162.60 164.00 1.40 33.50
True widths are estimated to be 50 to 75% of reported core length intervals. 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-18-001 131 -54
IM-18-002 142 -46
IM-18-003 149 -45
IM-18-004 151 -45
IM-18-005 140 -52
IM-18-006 124 -50
IM-18-006-1 124 -50
IM-18-007 127 -57
IM-18-008 135 -45
IM-18-009 134 -50
IM-18-010 143 -48
IM-18-011 135 -53
IM-18-012 148 -51
IM-18-013 121 -65
IM-18-014 134 -54
IM-18-015 130 -51
IM-18-016 146 -60
IM-18-017 140 -59
IM-18-018 130 -54
IM-18-019 131 -61
IM-18-020 137 -55
IM-18-021 140 -61
IM-18-022 129 -67
Photos accompanying this announcement are available at
http://resource.globenewswire.com/Resource/Download/2b8041c3-493a-49f5-a550-dd5844ff5e81

http://resource.globenewswire.com/Resource/Download/ef035520-d4d3-407b-b882-3a121ebc335d



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[howestreetbull]

BGMZF BGM.v BGM Intersects 48.17 G/t Au Over 9.95 Meters on Island Mountain
by @newswire on April 4, 2018
VALLEY ZONE INTERSECTION OF 12.22 G/T AU OVER 11.40 METERS

TORONTO, April 4, 2018 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce final drilling results from the 160,000-meter 2017 Island Mountain and Valley Zone and exploration and drilling programs at the Company's flagship Cariboo Gold Project. 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. The company currently has 7 drill rigs exploring and delineating mineralized vein corridors on Island Mountain.

Drilling Highlights

IM-17-240: 28.99 g/t Au over 2.70 meters
IM-17-241: 8.25 g/t Au over 7.50 meters
IM-17-242: 8.30 g/t Au over 10.75 meters
IM-17-247: 13.09 g/t Au over 4.25 meters
IM-17-249: 48.17 g/t Au over 9.95 meters
IM-17-251: 33.22 g/t Au over 2.50 meters
IM-17-251: 9.15 g/t Au over 7.05 meters
CM-17-098: 11.09 g/t Au over 4.90 meters
CM-17-101: 13.45 g/t Au over 7.80 meters
CM-17-106: 12.22 g/t Au over 11.40 meters
Vein Zone Continuity on Island Mountain and Valley Zone

Continuity and extensions of mineralized vein corridors on Island Mountain and in the Valley Zone is demonstrated from recent results. Island Mountain Shaft Zone hole IM-17-249 intersected 48.17 g/t Au over 9.95 meters, 45 meters down dip from previous reported hole IM-17-151 which assayed 72.23 g/t Au over 12.05 meters. Valley Zone hole CM-17-106 intersected 12.22 g/t Au over 11.40 meters, 40 meters down dip of a modelled vein corridor and 40 meters up dip from previously reported hole CM-17-096 which intersected 12.50 g/t Au over 8.00 meters and 11.74 g/t Au over 5.15 meters further down hole.

Corridors Discussion

Mineralized quartz veins on the Cariboo Gold Project are hosted within the sandstones and are an anastomosing network of high vein density with an overall sub-vertical dip and northeast strike. Recent modelling of the vein corridors Island Mountain proposes 50 mineralized vein corridors at Shaft Zone and 17 mineralized vein corridors at Valley Zone. These vein corridors have estimated horizontal width of 3 meters and a strike length of up to 300 meters. These corridors have been defined from surface to a vertical depth of 600 meters and remain open for expansion at depth and down plunge. Drill hole 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 at 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 Project Geologists, Kyle Orr and Felipe Castaneda. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, 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, Maggie Layman, 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).

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 Information
Neither 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 from Island Mountain and Valley Zone

HOLE ID


FROM

TO

CORE LENGTH (M)

AU (G/T)

IM-17-239


111.35

111.85

0.50

5.78



138.35

138.85

0.50

27.10

IM-17-240


7.30

7.80

0.50

11.25



24.90

27.20

2.30

5.81



259.75

261.05

1.30

13.01


INCLUDING

259.75

260.55

0.80

18.60



267.40

267.90

0.50

7.72



347.30

350.00

2.70

28.99


INCLUDING

348.55

350.00

1.45

38.20

IM-17-241


39.35

41.00

1.65

15.83


INCLUDING

40.20

41.00

0.80

19.80



113.25

120.75

7.50

8.25


INCLUDING

118.00

118.50

0.50

61.60


AND

118.50

119.40

0.90

15.05


AND

120.25

120.75

0.50

17.20



315.00

316.00

1.00

12.30

IM-17-242


62.80

63.50

0.70

7.40



77.00

87.75

10.75

8.30


INCLUDING

77.50

79.00

1.50

12.70


AND

79.00

80.00

1.00

26.70


AND

84.00

85.00

1.00

11.10


AND

87.00

87.75

0.75

11.35



91.85

94.10

2.25

13.92


INCLUDING

91.85

93.00

1.15

24.50



122.20

123.05

0.85

6.94

IM-17-243


85.10

86.00

0.90

6.56



129.00

130.15

1.15

16.60



160.30

161.80

1.50

5.03



451.00

452.50

1.50

4.68

IM-17-244


24.00

25.00

1.00

5.24



166.50

167.20

0.70

4.31

IM-17-245


363.25

364.30

1.05

4.69

IM-17-246


17.45

18.05

0.60

8.47



303.00

303.50

0.50

7.19

IM-17-247


51.90

55.50

3.60

13.01


INCLUDING

51.90

52.60

0.70

39.00


AND

54.30

55.00

0.70

20.80


AND

55.00

55.50

0.50

6.01



211.90

212.40

0.50

9.93



295.00

295.50

0.50

8.71



311.00

315.25

4.25

13.09


INCLUDING

311.00

311.60

0.60

8.99


AND

312.60

313.10

0.50

19.60


AND

313.75

314.25

0.50

26.60


AND

314.75

315.25

0.50

24.10



321.50

322.00

0.50

4.99

IM-17-248


141.35

142.65

1.30

9.44



141.95

142.65

0.70

11.45



185.25

185.75

0.50

4.38

IM-17-249


274.05

274.55

0.50

5.98



356.55

357.05

0.50

8.34



386.55

394.55

8.00

6.46


INCLUDING

386.55

387.35

0.80

5.57


AND

390.00

391.00

1.00

15.50


AND

392.60

393.55

0.95

10.05


AND

393.55

394.05

0.50

13.05


AND

394.05

394.55

0.50

23.50



429.00

430.00

1.00

6.90



434.75

435.95

1.20

6.55


INCLUDING

434.75

435.25

0.50

11.30



486.40

488.90

2.50

5.95


INCLUDING

488.25

488.90

0.65

11.55



524.65

525.15

0.50

17.90



538.50

548.45

9.95

48.17


INCLUDING

539.00

539.60

0.60

29.70


AND

541.40

541.90

0.50

159.50


AND

543.65

544.40

0.75

417.00


AND

546.00

547.00

1.00

24.80



562.85

563.35

0.50

5.69



574.65

576.70

2.05

24.96


INCLUDING

575.15

575.75

0.60

49.10



695.95

696.85

0.90

8.94



707.00

707.50

0.50

4.57

IM-17-250


135.00

135.50

0.50

4.08



144.60

145.70

1.10

5.51



153.50

154.00

0.50

11.55



375.50

376.70

1.20

10.20



381.00

381.60

0.60

7.37

IM-17-251


80.50

83.00

2.50

33.22


INCLUDING

80.50

81.00

0.50

36.30


AND

81.90

83.00

1.10

59.00



87.50

88.05

0.55

68.90



92.25

99.30

7.05

9.15


INCLUDING

93.00

93.90

0.90

19.55


AND

93.90

94.40

0.50

54.50


AND

97.00

98.00

1.00

5.66


AND

98.70

99.30

0.60

16.45



203.50

204.00

0.50

11.00



399.00

402.40

3.40

12.30


INCLUDING

399.60

400.10

0.50

32.90


AND

401.30

402.40

1.10

15.40



418.00

421.00

3.00

6.77


INCLUDING

420.50

421.00

0.50

30.10

IM-17-252

ABANDONED





IM-17-253

ABANDONED





IM-17-254


214.80

215.30

0.50

38.70



286.50

287.10

0.60

13.85



349.00

349.80

0.80

11.30



376.00

376.90

0.90

8.16

IM-17-254-1

NO SIGNIFICANT ASSAYS




IM-17-255


32.85

33.45

0.60

39.30



41.30

41.80

0.50

10.80



57.30

58.00

0.70

4.16



60.20

61.10

0.90

6.32



77.25

87.90

10.65

5.28


INCLUDING

77.90

78.40

0.50

9.20


AND

82.00

83.25

1.25

16.30


AND

83.25

84.70

1.45

12.40


AND

87.40

87.90

0.50

7.51



143.55

144.45

0.90

7.16



157.70

158.35

0.65

17.60



161.55

162.10

0.55

8.24



358.90

359.40

0.50

20.20



380.10

380.60

0.50

15.70



397.50

398.00

0.50

8.93



416.50

417.80

1.30

5.27

IM-17-256


69.90

70.80

0.90

8.17



106.60

108.30

1.70

14.79


INCLUDING

106.60

107.70

1.10

17.00



144.00

145.25

1.25

5.21



227.30

229.30

2.00

26.28


INCLUDING

227.30

228.80

1.50

29.20



286.90

288.30

1.40

4.43


INCLUDING

287.80

288.30

0.50

6.72



330.00

332.15

2.15

6.89



334.70

335.50

0.80

10.20



353.25

355.20

1.95

10.22


INCLUDING

353.25

353.75

0.50

14.90


AND

354.50

355.20

0.70

17.10

IM-17-257


95.15

97.60

2.45

9.01


INCLUDING

96.00

97.00

1.00

14.35



136.20

136.75

0.55

50.50



142.60

143.60

1.00

8.84


INCLUDING

143.10

143.60

0.50

10.95



222.25

227.50

5.25

4.77


INCLUDING

222.25

222.75

0.50

25.20


AND

224.05

225.30

1.25

5.70


AND

226.90

227.50

0.60

5.83



249.85

250.35

0.50

14.45



253.50

255.00

1.50

8.60



290.00

292.00

2.00

6.14


INCLUDING

290.50

291.00

0.50

13.70



320.00

322.00

2.00

10.11


INCLUDING

320.00

321.20

1.20

11.95



325.90

326.55

0.65

5.63

CM-17-098


73.25

74.50

1.25

32.10



101.00

101.80

0.80

5.01



266.45

267.00

0.55

4.54



285.50

288.40

2.90

7.61


INCLUDING

285.50

287.00

1.50

8.05


AND

287.90

288.40

0.50

19.30



357.20

358.90

1.70

8.60


INCLUDING

357.20

357.70

0.50

12.40


AND

358.20

358.90

0.70

11.90



393.10

394.20

1.10

8.28



424.20

429.10

4.90

11.09


INCLUDING

424.20

424.70

0.50

21.70


AND

425.20

426.20

1.00

5.83


AND

426.20

426.90

0.70

49.40


AND

428.55

429.10

0.55

4.39



551.50

552.05

0.55

8.89

CM-17-099


72.65

73.15

0.50

13.50



83.50

85.35

1.85

36.89


INCLUDING

83.50

84.00

0.50

4.12


AND

84.65

85.35

0.70

94.50



91.50

92.00

0.50

5.53



107.20

107.70

0.50

41.80



183.45

183.95

0.50

4.39



185.60

186.10

0.50

5.58



376.30

378.70

2.40

16.98


INCLUDING

376.30

377.00

0.70

11.90


AND

378.00

378.70

0.70

46.00



387.25

388.75

1.50

5.93



392.45

393.40

0.95

20.40



415.70

420.05

4.35

5.35


INCLUDING

415.70

416.45

0.75

8.32


AND

419.10

420.05

0.95

14.95



431.75

433.70

1.95

11.58


INCLUDING

431.75

432.45

0.70

16.25


AND

433.15

433.70

0.55

19.95

CM-17-100


126.60

127.30

0.70

6.93



503.80

504.75

0.95

12.20



580.85

582.20

1.35

8.76


INCLUDING

581.65

582.20

0.55

14.15

CM-17-101


20.00

21.00

1.00

13.00



23.30

23.80

0.50

8.08



29.80

30.30

0.50

7.68



243.50

244.50

1.00

25.01


INCLUDING

244.00

244.50

0.50

42.60



334.30

335.45

1.15

34.10


INCLUDING

334.30

334.90

0.60

43.00



348.50

351.45

2.95

8.54


INCLUDING

348.50

349.20

0.70

10.80


AND

350.35

350.95

0.60

24.30


AND

350.95

351.45

0.50

5.33



375.10

382.90

7.80

13.45


INCLUDING

375.10

375.65

0.55

43.40


AND

375.65

376.20

0.55

16.30


AND

376.70

377.55

0.85

35.80


AND

378.95

379.40

0.45

16.35


AND

379.40

379.90

0.50

15.80


AND

381.80

382.35

0.55

29.10


AND

382.35

382.90

0.55

12.90



407.10

407.60

0.50

22.10



410.50

411.00

0.50

6.17



426.70

427.20

0.50

17.95

CM-17-102

ABANDONED





CM-17-103


311.40

313.00

1.60

36.64


INCLUDING

311.40

312.00

0.60

71.20



317.85

318.35

0.50

11.65



377.15

378.50

1.35

5.04



391.65

392.55

0.90

8.90



399.30

400.20

0.90

7.95



427.50

428.00

0.50

7.34



491.65

492.15

0.50

36.40

CM-17-104


263.65

264.15

0.50

29.80



285.55

293.05

7.50

5.19


INCLUDING

285.55

286.55

1.00

9.31


AND

286.55

287.35

0.80

8.42


AND

290.60

291.30

0.70

10.15



349.25

349.75

0.50

4.19



477.30

477.90

0.60

16.50



516.75

517.65

0.90

10.05



527.65

529.90

2.25

5.41


INCLUDING

527.65

528.20

0.55

11.75


AND

529.40

529.90

0.50

8.29



566.15

566.85

0.70

6.06

CM-17-105


48.35

49.50

1.15

4.84



102.50

103.35

0.85

34.60



122.00

122.50

0.50

25.70



254.20

255.00

0.80

4.80



289.40

289.90

0.50

5.48

CM-17-106


291.60

292.10

0.50

17.90



309.90

311.50

1.60

30.32


INCLUDING

309.90

310.40

0.50

83.80



320.50

321.00

0.50

8.90



325.00

325.50

0.50

4.94



334.10

345.50

11.40

12.22


INCLUDING

334.10

334.60

0.50

186.00


AND

340.50

342.00

1.50

18.30


AND

345.00

345.50

0.50

8.11



349.85

350.85

1.00

22.20



403.80

404.30

0.50

4.77



430.00

433.00

3.00

5.42



449.15

449.65

0.50

4.72



489.90

495.90

6.00

6.29


INCLUDING

489.90

491.00

1.10

15.30


INCLUDING

495.00

495.90

0.90

13.00



581.00

582.30

1.30

11.50



601.00

602.00

1.00

8.09



617.00

617.50

0.50

25.70



693.00

694.00

1.00

5.14


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-17-239

140

-64.9

IM-17-240

140

-49.8

IM-17-241

138

-54.5

IM-17-242

145

-56.1

IM-17-243

138

-43.7

IM-17-244

142

-59.1

IM-17-245

145

-43.7

IM-17-246

146

-61.9

IM-17-247

141

-45.3

IM-17-248

141

-56.3

IM-17-249

138

-46.8

IM-17-250

141

-44.9

IM-17-251

141

-59.9

IM-17-254

144

-61.0

IM-17-254-1

144

-61.0

IM-17-255

143

-44.5

IM-17-256

141

-65.0

IM-17-257

147

-53.0

CM-17-098

310

-59.9

CM-17-099

311

-44.0

CM-17-100

307

-55.5

CM-17-101

311

-46.3

CM-17-103

312

-46.5

CM-17-104

311

-57.2

CM-17-105

312

-61.4

CM-17-106

310

-48.0



Shaft Zone Drilling - Cariboo (CNW Group/Barkerville Gold Mines Ltd.)

Island Mountain Vertical Section (CNW Group/Barkerville Gold Mines Ltd.)

Valley Zone Drilling - Cariboo (CNW Group/Barkerville Gold Mines Ltd.)

Valley Zone Vertical Section (CNW Group/Barkerville Gold Mines Ltd.)



Barkerville Gold Mines Ltd. Logo (CNW Group/Barkerville Gold Mines Ltd.)

SOURCE Barkerville Gold Mines Ltd.


View original content with multimedia: http://www.newswire.ca/en/releases/archive/April2018/04/c8661.html

[howestreetbull]

BGMZF BGM.v BGM Intersects 48.17 G/t Au Over 9.95 Meters on Island Mountain
by @newswire on April 4, 2018
VALLEY ZONE INTERSECTION OF 12.22 G/T AU OVER 11.40 METERS

TORONTO, April 4, 2018 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce final drilling results from the 160,000-meter 2017 Island Mountain and Valley Zone and exploration and drilling programs at the Company's flagship Cariboo Gold Project. 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. The company currently has 7 drill rigs exploring and delineating mineralized vein corridors on Island Mountain.

Drilling Highlights

IM-17-240: 28.99 g/t Au over 2.70 meters
IM-17-241: 8.25 g/t Au over 7.50 meters
IM-17-242: 8.30 g/t Au over 10.75 meters
IM-17-247: 13.09 g/t Au over 4.25 meters
IM-17-249: 48.17 g/t Au over 9.95 meters
IM-17-251: 33.22 g/t Au over 2.50 meters
IM-17-251: 9.15 g/t Au over 7.05 meters
CM-17-098: 11.09 g/t Au over 4.90 meters
CM-17-101: 13.45 g/t Au over 7.80 meters
CM-17-106: 12.22 g/t Au over 11.40 meters
Vein Zone Continuity on Island Mountain and Valley Zone

Continuity and extensions of mineralized vein corridors on Island Mountain and in the Valley Zone is demonstrated from recent results. Island Mountain Shaft Zone hole IM-17-249 intersected 48.17 g/t Au over 9.95 meters, 45 meters down dip from previous reported hole IM-17-151 which assayed 72.23 g/t Au over 12.05 meters. Valley Zone hole CM-17-106 intersected 12.22 g/t Au over 11.40 meters, 40 meters down dip of a modelled vein corridor and 40 meters up dip from previously reported hole CM-17-096 which intersected 12.50 g/t Au over 8.00 meters and 11.74 g/t Au over 5.15 meters further down hole.

Corridors Discussion

Mineralized quartz veins on the Cariboo Gold Project are hosted within the sandstones and are an anastomosing network of high vein density with an overall sub-vertical dip and northeast strike. Recent modelling of the vein corridors Island Mountain proposes 50 mineralized vein corridors at Shaft Zone and 17 mineralized vein corridors at Valley Zone. These vein corridors have estimated horizontal width of 3 meters and a strike length of up to 300 meters. These corridors have been defined from surface to a vertical depth of 600 meters and remain open for expansion at depth and down plunge. Drill hole 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 at 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 Project Geologists, Kyle Orr and Felipe Castaneda. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, 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, Maggie Layman, 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).

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 Information
Neither 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 from Island Mountain and Valley Zone

HOLE ID


FROM

TO

CORE LENGTH (M)

AU (G/T)

IM-17-239


111.35

111.85

0.50

5.78



138.35

138.85

0.50

27.10

IM-17-240


7.30

7.80

0.50

11.25



24.90

27.20

2.30

5.81



259.75

261.05

1.30

13.01


INCLUDING

259.75

260.55

0.80

18.60



267.40

267.90

0.50

7.72



347.30

350.00

2.70

28.99


INCLUDING

348.55

350.00

1.45

38.20

IM-17-241


39.35

41.00

1.65

15.83


INCLUDING

40.20

41.00

0.80

19.80



113.25

120.75

7.50

8.25


INCLUDING

118.00

118.50

0.50

61.60


AND

118.50

119.40

0.90

15.05


AND

120.25

120.75

0.50

17.20



315.00

316.00

1.00

12.30

IM-17-242


62.80

63.50

0.70

7.40



77.00

87.75

10.75

8.30


INCLUDING

77.50

79.00

1.50

12.70


AND

79.00

80.00

1.00

26.70


AND

84.00

85.00

1.00

11.10


AND

87.00

87.75

0.75

11.35



91.85

94.10

2.25

13.92


INCLUDING

91.85

93.00

1.15

24.50



122.20

123.05

0.85

6.94

IM-17-243


85.10

86.00

0.90

6.56



129.00

130.15

1.15

16.60



160.30

161.80

1.50

5.03



451.00

452.50

1.50

4.68

IM-17-244


24.00

25.00

1.00

5.24



166.50

167.20

0.70

4.31

IM-17-245


363.25

364.30

1.05

4.69

IM-17-246


17.45

18.05

0.60

8.47



303.00

303.50

0.50

7.19

IM-17-247


51.90

55.50

3.60

13.01


INCLUDING

51.90

52.60

0.70

39.00


AND

54.30

55.00

0.70

20.80


AND

55.00

55.50

0.50

6.01



211.90

212.40

0.50

9.93



295.00

295.50

0.50

8.71



311.00

315.25

4.25

13.09


INCLUDING

311.00

311.60

0.60

8.99


AND

312.60

313.10

0.50

19.60


AND

313.75

314.25

0.50

26.60


AND

314.75

315.25

0.50

24.10



321.50

322.00

0.50

4.99

IM-17-248


141.35

142.65

1.30

9.44



141.95

142.65

0.70

11.45



185.25

185.75

0.50

4.38

IM-17-249


274.05

274.55

0.50

5.98



356.55

357.05

0.50

8.34



386.55

394.55

8.00

6.46


INCLUDING

386.55

387.35

0.80

5.57


AND

390.00

391.00

1.00

15.50


AND

392.60

393.55

0.95

10.05


AND

393.55

394.05

0.50

13.05


AND

394.05

394.55

0.50

23.50



429.00

430.00

1.00

6.90



434.75

435.95

1.20

6.55


INCLUDING

434.75

435.25

0.50

11.30



486.40

488.90

2.50

5.95


INCLUDING

488.25

488.90

0.65

11.55



524.65

525.15

0.50

17.90



538.50

548.45

9.95

48.17


INCLUDING

539.00

539.60

0.60

29.70


AND

541.40

541.90

0.50

159.50


AND

543.65

544.40

0.75

417.00


AND

546.00

547.00

1.00

24.80



562.85

563.35

0.50

5.69



574.65

576.70

2.05

24.96


INCLUDING

575.15

575.75

0.60

49.10



695.95

696.85

0.90

8.94



707.00

707.50

0.50

4.57

IM-17-250


135.00

135.50

0.50

4.08



144.60

145.70

1.10

5.51



153.50

154.00

0.50

11.55



375.50

376.70

1.20

10.20



381.00

381.60

0.60

7.37

IM-17-251


80.50

83.00

2.50

33.22


INCLUDING

80.50

81.00

0.50

36.30


AND

81.90

83.00

1.10

59.00



87.50

88.05

0.55

68.90



92.25

99.30

7.05

9.15


INCLUDING

93.00

93.90

0.90

19.55


AND

93.90

94.40

0.50

54.50


AND

97.00

98.00

1.00

5.66


AND

98.70

99.30

0.60

16.45



203.50

204.00

0.50

11.00



399.00

402.40

3.40

12.30


INCLUDING

399.60

400.10

0.50

32.90


AND

401.30

402.40

1.10

15.40



418.00

421.00

3.00

6.77


INCLUDING

420.50

421.00

0.50

30.10

IM-17-252

ABANDONED





IM-17-253

ABANDONED





IM-17-254


214.80

215.30

0.50

38.70



286.50

287.10

0.60

13.85



349.00

349.80

0.80

11.30



376.00

376.90

0.90

8.16

IM-17-254-1

NO SIGNIFICANT ASSAYS




IM-17-255


32.85

33.45

0.60

39.30



41.30

41.80

0.50

10.80



57.30

58.00

0.70

4.16



60.20

61.10

0.90

6.32



77.25

87.90

10.65

5.28


INCLUDING

77.90

78.40

0.50

9.20


AND

82.00

83.25

1.25

16.30


AND

83.25

84.70

1.45

12.40


AND

87.40

87.90

0.50

7.51



143.55

144.45

0.90

7.16



157.70

158.35

0.65

17.60



161.55

162.10

0.55

8.24



358.90

359.40

0.50

20.20



380.10

380.60

0.50

15.70



397.50

398.00

0.50

8.93



416.50

417.80

1.30

5.27

IM-17-256


69.90

70.80

0.90

8.17



106.60

108.30

1.70

14.79


INCLUDING

106.60

107.70

1.10

17.00



144.00

145.25

1.25

5.21



227.30

229.30

2.00

26.28


INCLUDING

227.30

228.80

1.50

29.20



286.90

288.30

1.40

4.43


INCLUDING

287.80

288.30

0.50

6.72



330.00

332.15

2.15

6.89



334.70

335.50

0.80

10.20



353.25

355.20

1.95

10.22


INCLUDING

353.25

353.75

0.50

14.90


AND

354.50

355.20

0.70

17.10

IM-17-257


95.15

97.60

2.45

9.01


INCLUDING

96.00

97.00

1.00

14.35



136.20

136.75

0.55

50.50



142.60

143.60

1.00

8.84


INCLUDING

143.10

143.60

0.50

10.95



222.25

227.50

5.25

4.77


INCLUDING

222.25

222.75

0.50

25.20


AND

224.05

225.30

1.25

5.70


AND

226.90

227.50

0.60

5.83



249.85

250.35

0.50

14.45



253.50

255.00

1.50

8.60



290.00

292.00

2.00

6.14


INCLUDING

290.50

291.00

0.50

13.70



320.00

322.00

2.00

10.11


INCLUDING

320.00

321.20

1.20

11.95



325.90

326.55

0.65

5.63

CM-17-098


73.25

74.50

1.25

32.10



101.00

101.80

0.80

5.01



266.45

267.00

0.55

4.54



285.50

288.40

2.90

7.61


INCLUDING

285.50

287.00

1.50

8.05


AND

287.90

288.40

0.50

19.30



357.20

358.90

1.70

8.60


INCLUDING

357.20

357.70

0.50

12.40


AND

358.20

358.90

0.70

11.90



393.10

394.20

1.10

8.28



424.20

429.10

4.90

11.09


INCLUDING

424.20

424.70

0.50

21.70


AND

425.20

426.20

1.00

5.83


AND

426.20

426.90

0.70

49.40


AND

428.55

429.10

0.55

4.39



551.50

552.05

0.55

8.89

CM-17-099


72.65

73.15

0.50

13.50



83.50

85.35

1.85

36.89


INCLUDING

83.50

84.00

0.50

4.12


AND

84.65

85.35

0.70

94.50



91.50

92.00

0.50

5.53



107.20

107.70

0.50

41.80



183.45

183.95

0.50

4.39



185.60

186.10

0.50

5.58



376.30

378.70

2.40

16.98


INCLUDING

376.30

377.00

0.70

11.90


AND

378.00

378.70

0.70

46.00



387.25

388.75

1.50

5.93



392.45

393.40

0.95

20.40



415.70

420.05

4.35

5.35


INCLUDING

415.70

416.45

0.75

8.32


AND

419.10

420.05

0.95

14.95



431.75

433.70

1.95

11.58


INCLUDING

431.75

432.45

0.70

16.25


AND

433.15

433.70

0.55

19.95

CM-17-100


126.60

127.30

0.70

6.93



503.80

504.75

0.95

12.20



580.85

582.20

1.35

8.76


INCLUDING

581.65

582.20

0.55

14.15

CM-17-101


20.00

21.00

1.00

13.00



23.30

23.80

0.50

8.08



29.80

30.30

0.50

7.68



243.50

244.50

1.00

25.01


INCLUDING

244.00

244.50

0.50

42.60



334.30

335.45

1.15

34.10


INCLUDING

334.30

334.90

0.60

43.00



348.50

351.45

2.95

8.54


INCLUDING

348.50

349.20

0.70

10.80


AND

350.35

350.95

0.60

24.30


AND

350.95

351.45

0.50

5.33



375.10

382.90

7.80

13.45


INCLUDING

375.10

375.65

0.55

43.40


AND

375.65

376.20

0.55

16.30


AND

376.70

377.55

0.85

35.80


AND

378.95

379.40

0.45

16.35


AND

379.40

379.90

0.50

15.80


AND

381.80

382.35

0.55

29.10


AND

382.35

382.90

0.55

12.90



407.10

407.60

0.50

22.10



410.50

411.00

0.50

6.17



426.70

427.20

0.50

17.95

CM-17-102

ABANDONED





CM-17-103


311.40

313.00

1.60

36.64


INCLUDING

311.40

312.00

0.60

71.20



317.85

318.35

0.50

11.65



377.15

378.50

1.35

5.04



391.65

392.55

0.90

8.90



399.30

400.20

0.90

7.95



427.50

428.00

0.50

7.34



491.65

492.15

0.50

36.40

CM-17-104


263.65

264.15

0.50

29.80



285.55

293.05

7.50

5.19


INCLUDING

285.55

286.55

1.00

9.31


AND

286.55

287.35

0.80

8.42


AND

290.60

291.30

0.70

10.15



349.25

349.75

0.50

4.19



477.30

477.90

0.60

16.50



516.75

517.65

0.90

10.05



527.65

529.90

2.25

5.41


INCLUDING

527.65

528.20

0.55

11.75


AND

529.40

529.90

0.50

8.29



566.15

566.85

0.70

6.06

CM-17-105


48.35

49.50

1.15

4.84



102.50

103.35

0.85

34.60



122.00

122.50

0.50

25.70



254.20

255.00

0.80

4.80



289.40

289.90

0.50

5.48

CM-17-106


291.60

292.10

0.50

17.90



309.90

311.50

1.60

30.32


INCLUDING

309.90

310.40

0.50

83.80



320.50

321.00

0.50

8.90



325.00

325.50

0.50

4.94



334.10

345.50

11.40

12.22


INCLUDING

334.10

334.60

0.50

186.00


AND

340.50

342.00

1.50

18.30


AND

345.00

345.50

0.50

8.11



349.85

350.85

1.00

22.20



403.80

404.30

0.50

4.77



430.00

433.00

3.00

5.42



449.15

449.65

0.50

4.72



489.90

495.90

6.00

6.29


INCLUDING

489.90

491.00

1.10

15.30


INCLUDING

495.00

495.90

0.90

13.00



581.00

582.30

1.30

11.50



601.00

602.00

1.00

8.09



617.00

617.50

0.50

25.70



693.00

694.00

1.00

5.14


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-17-239

140

-64.9

IM-17-240

140

-49.8

IM-17-241

138

-54.5

IM-17-242

145

-56.1

IM-17-243

138

-43.7

IM-17-244

142

-59.1

IM-17-245

145

-43.7

IM-17-246

146

-61.9

IM-17-247

141

-45.3

IM-17-248

141

-56.3

IM-17-249

138

-46.8

IM-17-250

141

-44.9

IM-17-251

141

-59.9

IM-17-254

144

-61.0

IM-17-254-1

144

-61.0

IM-17-255

143

-44.5

IM-17-256

141

-65.0

IM-17-257

147

-53.0

CM-17-098

310

-59.9

CM-17-099

311

-44.0

CM-17-100

307

-55.5

CM-17-101

311

-46.3

CM-17-103

312

-46.5

CM-17-104

311

-57.2

CM-17-105

312

-61.4

CM-17-106

310

-48.0



Shaft Zone Drilling - Cariboo (CNW Group/Barkerville Gold Mines Ltd.)

Island Mountain Vertical Section (CNW Group/Barkerville Gold Mines Ltd.)

Valley Zone Drilling - Cariboo (CNW Group/Barkerville Gold Mines Ltd.)

Valley Zone Vertical Section (CNW Group/Barkerville Gold Mines Ltd.)



Barkerville Gold Mines Ltd. Logo (CNW Group/Barkerville Gold Mines Ltd.)

SOURCE Barkerville Gold Mines Ltd.


View original content with multimedia: http://www.newswire.ca/en/releases/archive/April2018/04/c8661.html

[howestreetbull]

by @nasdaq on March 20, 2018
BGMZF BGM.v BGM Intersects 22.11 G/T Au Over 5.85 Meters at Valley Zone

TORONTO, March 20, 2018 (GLOBE NEWSWIRE) -- Barkerville Gold Mines Ltd. (TSXV:BGM) (the “Company” or “Barkerville”) is pleased to announce additional drilling results from the 2017 Valley Zone and Barkerville Mountain exploration and drilling programs at the Company’s flagship Cariboo Gold Project. 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.

Valley Zone Drilling
Valley Zone Drilling


Valley Zone Vertical Section
Valley Zone Vertical Section


Barkerville Mountain Drilling
Barkerville Mountain Drilling


Barkerville Mountain Vertical Section
Barkerville Mountain Vertical Section


Drilling Highlights

CM-17-078: 11.22 g/t Au over 8.25 meters
CM-17-084: 22.11 g/t Au over 5.85 meters
CM-17-096: 12.50 g/t Au over 8.00 meters
CM-17-096: 2250 g/t Au over 0.50 meters
BM-17-001: 9.60 g/t Au over 2.10 meters
BM-17-008: 22.72 g/t Au over 1.50 meters
The Company is pleased to report vein mineralization expansion from the exploration drilling at Valley Zone. Drill hole CM-17-084 intersected 7.45 g/t Au over 6.70 meters at a vertical depth of 400 meters. Further down hole, CM-17-084 intersected 22.11 g/t Au over 5.85 meters demonstrating wide vein corridors in the Valley Zone.

Drillhole CM-17-096 intersected 12.50 g/t Au over 8.00 meters down dip of existing modelled veins, and 11.74 g/t Au over 5.15 meters further down hole. CM-17-096 also intersected a 0.5 m wide vein that assayed 2,250 g/t Au.

In addition to results at Valley Zone, the Company’s 4,000-meter Phase I exploration program on Barkerville Mountain yielded mineralized vein intersections of 9.60 g/t Au over 2.10 meters in BM-17-001 at a vertical depth of 180 meters. Drillhole BM-17-002 intersected 4.09 g/t Au over 4.25 meters located 70 meters down dip of BM-17-001. Drillhole BM-17-008 intersected mineralized quartz vein with 22.72 g/t Au over 1.50 meters at a vertical depth of 400 meters. These intersections are adjacent to the previously reported KL zone target area. These intersections remain untested along strike and at depth, holes in this area are at approximately 100 meter spacing and have analogous host lithology and mineralization to the veins present on Cow and Island Mountain. Further drilling is warranted in this area.

Corridors Discussion

Mineralized quartz veins at the Valley Zone on Cow Mountain are hosted within the sandstones and are an anastomosing network of high vein density with an overall sub-vertical dip and northeast strike. Recent modelling of vein corridors at Valley Zone proposes 17 mineralized vein corridors with an estimated horizontal width of 3 meters and a strike length of up to 300 meters. These corridors, have been defined from surface to a vertical depth of 600 meters and remain open for expansion to depth and down plunge. Drill hole 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 at 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 Project Geologists, Kyle Orr and Felipe Castaneda. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, 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, Maggie Layman, 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 Lodder
President & Chief Executive Officer
155 University Avenue, Suite 1440
Toronto, Ontario, Canada
[e-mail]

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 Information
Neither 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 from Valley Zone and Barkerville Mountain

HOLE ID FROM (M) TO (M) CORE LENGTH (M) AU (G/T)
CM-17-067 95.70 96.20 0.50 20.80
264.80 265.30 0.50 89.10
297.30 297.80 0.50 9.97
341.60 342.10 0.50 4.58
362.00 363.30 1.30 18.85
382.60 384.65 2.05 7.32
INCLUDING 382.60 383.20 0.60 15.05
490.00 490.75 0.75 12.90
CM-17-068 351.10 352.00 0.90 4.56
400.60 401.85 1.25 38.97
439.10 440.70 1.60 8.73
439.10 439.70 0.60 14.95
440.20 440.70 0.50 9.60
444.00 444.50 0.50 6.50
499.95 500.90 0.95 6.87
579.50 580.90 1.40 6.58
INCLUDING 579.50 580.00 0.50 9.07
585.60 586.10 0.50 15.90
CM-17-069 148.90 149.40 0.50 7.26
197.00 197.60 0.60 8.84
333.20 333.80 0.60 7.70
364.50 365.35 0.85 5.75
375.70 377.70 2.00 3.84
454.80 455.30 0.50 7.92
471.00 471.50 0.50 4.30
CM-17-070 83.00 84.00 1.00 5.79
182.80 183.30 0.50 263.00
195.00 195.95 0.95 22.80
242.75 243.40 0.65 16.85
269.30 269.80 0.50 4.06
317.50 318.35 0.85 4.44
354.15 355.30 1.15 89.78
INCLUDING 354.15 354.80 0.65 153.50
CM-17-071 155.50 156.50 1.00 9.46
168.30 168.80 0.50 7.50
173.00 173.55 0.55 6.73
208.00 208.50 0.50 19.10
CM-17-072 194.30 199.10 4.80 5.46
INCLUDING 194.30 195.00 0.70 13.15
HOLE ID FROM (M) TO (M) CORE LENGTH (M) AU (G/T)
CM-17-072 AND 197.40 198.40 1.00 10.80
240.60 241.10 0.50 28.70
247.00 248.00 1.00 3.91
257.00 261.70 4.70 5.60
INCLUDING 257.00 257.50 0.50 24.60
AND 261.00 261.70 0.70 8.47
308.90 309.40 0.50 6.33
339.25 340.00 0.75 5.41
341.50 342.00 0.50 20.40
407.65 408.70 1.05 5.30
510.40 511.00 0.60 16.10
512.25 513.00 0.75 9.00
644.70 646.00 1.30 4.91
CM-17-073 122.15 122.65 0.50 9.06
212.80 213.30 0.50 28.30
223.45 224.00 0.55 13.10
225.50 226.00 0.50 47.40
239.55 240.60 1.05 6.99
INCLUDING 240.05 240.60 0.55 9.84
356.50 357.10 0.60 4.34
411.85 419.25 7.40 5.84
INCLUDING 411.85 412.95 1.10 20.50
501.65 503.50 1.85 5.14
575.60 576.20 0.60 5.92
645.40 646.00 0.60 6.98
CM-17-074 98.40 100.00 1.60 19.80
INCLUDING 98.40 99.00 0.60 6.95
AND 99.50 100.00 0.50 52.40
133.60 134.20 0.60 9.73
200.90 201.40 0.50 9.64
208.45 212.10 3.65 5.73
208.45 209.35 0.90 15.90
211.35 212.10 0.75 6.98
305.00 305.50 0.50 5.46
354.05 354.55 0.50 5.81
423.50 424.15 0.65 9.10
451.45 452.30 0.85 8.11
CM-17-075 29.35 29.85 0.50 4.71
83.50 84.00 0.50 9.16
93.35 100.00 6.65 8.57
INCLUDING 98.50 100.00 1.50 32.80
HOLE ID FROM (M) TO (M) CORE LENGTH (M) AU (G/T)
CM-17-075 195.50 196.10 0.60 10.75
203.50 204.05 0.55 7.41
260.50 261.00 0.50 15.10
CM-17-076 85.50 86.00 0.50 26.40
133.00 133.50 0.50 11.05
209.00 209.50 0.50 7.16
220.00 220.50 0.50 26.20
230.00 231.50 1.50 4.22
CM-17-077 97.00 97.50 0.50 9.05
CM-17-078 116.45 116.95 0.50 17.10
146.35 146.95 0.60 4.18
173.70 174.20 0.50 18.75
216.55 217.05 0.50 14.55
226.50 227.25 0.75 20.40
229.40 230.00 0.60 21.20
232.15 233.85 1.70 16.34
INCLUDING 233.35 233.85 0.50 26.90
238.00 239.00 1.00 5.44
259.90 260.40 0.50 26.70
300.15 300.65 0.50 40.80
308.25 316.50 8.25 11.22
INCLUDING 308.85 309.65 0.80 22.30
AND 310.65 311.35 0.70 84.10
AND 314.80 315.30 0.50 12.25
330.40 330.90 0.50 7.74
335.00 335.50 0.50 40.50
350.00 353.00 3.00 11.53
INCLUDING 350.00 350.50 0.50 25.80
AND 350.50 351.05 0.55 17.15
CM-17-079 317.00 317.70 0.70 7.37
CM-17-080 ABANDONDED
CM-17-081 87.35 89.10 1.75 10.40
INCLUDING 87.35 88.10 0.75 13.75
AND 88.60 89.10 0.50 15.70
101.80 102.40 0.60 34.50
220.60 221.60 1.00 19.55
CM-17-082 146.25 146.75 0.50 9.34
152.00 152.60 0.60 23.20
168.75 171.65 2.90 5.32
INCLUDING 168.75 169.80 1.05 11.50
181.15 181.70 0.55 4.69
HOLE ID FROM (M) TO (M) CORE LENGTH (M) AU (G/T)
CM-17-082 184.45 186.00 1.55 16.10
INCLUDING 184.45 185.15 0.70 30.40
205.60 206.15 0.55 4.62
218.00 218.50 0.50 14.40
221.00 221.65 0.65 34.80
223.65 225.55 1.90 12.19
INCLUDING 224.95 225.55 0.60 28.30
232.85 233.45 0.60 24.20
352.50 353.00 0.50 5.50
469.75 471.00 1.25 7.56
540.00 540.80 0.80 11.15
CM-17-083 ABANDONED
CM-17-084 331.10 331.85 0.75 14.30
453.20 454.60 1.40 12.09
INCLUDING 453.20 453.75 0.55 20.80
458.20 459.05 0.85 11.70
463.35 470.05 6.70 7.45
INCLUDING 465.35 465.85 0.50 27.70
AND 467.55 468.45 0.90 15.40
475.50 476.00 0.50 6.72
480.35 481.05 0.70 67.70
485.15 491.00 5.85 22.11
INCLUDING 485.15 485.70 0.55 40.90
AND 488.00 488.50 0.50 83.40
AND 489.50 490.25 0.75 20.60
502.25 502.75 0.50 12.85
CM-17-085 57.00 58.15 1.15 23.00
134.00 134.70 0.70 12.55
136.90 137.40 0.50 12.85
248.15 249.00 0.85 4.10
452.10 452.60 0.50 4.87
564.40 564.90 0.50 4.20
CM-17-086 NO SIGNIFICANT ASSAYS
CM-17-087 112.30 112.80 0.50 57.70
119.20 120.30 1.10 20.48
INCLUDING 119.80 120.30 0.50 28.50
227.70 229.30 1.60 5.10
259.40 260.90 1.50 13.35
264.50 265.00 0.50 5.07
274.80 275.70 0.90 4.65
277.80 278.30 0.50 6.42
HOLE ID FROM (M) TO (M) CORE LENGTH (M) AU (G/T)
CM-17-087 287.60 288.70 1.10 6.27
CM-17-088 151.05 152.65 1.60 6.41
INCLUDING 152.00 152.65 0.65 10.70
192.65 193.25 0.60 4.48
250.00 250.50 0.50 12.55
261.85 262.35 0.50 12.45
269.80 270.70 0.90 10.65
279.85 280.35 0.50 5.03
285.30 290.00 4.70 17.67
INCLUDING 285.85 286.40 0.55 37.00
AND 287.70 288.85 1.15 29.50
300.10 301.75 1.65 9.19
308.15 311.50 3.35 13.76
INCLUDING 308.15 308.80 0.65 42.30
AND 310.00 310.50 0.50 19.50
AND 311.00 311.50 0.50 14.35
330.00 330.50 0.50 6.66
331.10 331.60 0.50 7.06
432.15 432.65 0.50 104.00
433.30 433.90 0.60 9.69
463.10 463.60 0.50 30.40
CM-17-089 106.30 107.80 1.50 17.05
INCLUDING 106.80 107.80 1.00 23.10
170.30 170.80 0.50 10.55
180.65 182.00 1.35 4.43
307.60 308.30 0.70 46.80
320.50 321.00 0.50 8.20
347.00 347.50 0.50 6.18
391.50 392.00 0.50 9.97
404.00 404.60 0.60 25.50
435.00 435.85 0.85 9.73
445.70 447.55 1.85 4.53
452.40 456.40 4.00 8.36
INCLUDING 454.75 455.30 0.55 15.60
AND 455.90 456.40 0.50 10.70
620.70 621.50 0.80 19.05
CM-17-090 ABANDONED
CM-17-091 200.70 201.25 0.55 16.10
231.70 234.60 2.90 14.25
INCLUDING 233.25 234.00 0.75 34.30
AND 234.00 234.60 0.60 20.60
HOLE ID FROM (M) TO (M) CORE LENGTH (M) AU (G/T)
CM-17-091 259.25 260.85 1.60 24.38
INCLUDING 259.25 260.20 0.95 29.50
401.00 401.55 0.55 7.95
449.20 450.00 0.80 7.03
489.00 489.55 0.55 16.40
CM-17-092 NO SIGNIFICANT ASSAYS
CM-17-093 23.20 23.75 0.55 49.20
33.45 34.20 0.75 10.45
169.70 170.50 0.80 7.96
185.60 186.10 0.50 8.37
187.80 188.50 0.70 12.85
209.55 210.05 0.50 4.42
213.50 214.15 0.65 34.90
249.45 250.00 0.55 17.20
281.15 281.85 0.70 5.30
343.90 345.00 1.10 5.12
437.45 438.55 1.10 4.54
441.30 442.00 0.70 4.28
457.05 458.10 1.05 5.51
CM-17-094 101.40 102.30 0.90 21.70
CM-17-095 412.45 413.25 0.80 27.60
415.35 416.40 1.05 4.89
CM-17-096 70.30 71.00 0.70 12.55
74.30 74.80 0.50 26.00
223.50 224.05 0.55 5.43
236.30 236.80 0.50 4.63
285.50 286.80 1.30 10.55
355.00 363.00 8.00 12.50
INCLUDING 357.00 357.55 0.55 27.60
AND 361.50 363.00 1.50 50.30
384.85 390.00 5.15 11.74
INCLUDING 384.85 385.40 0.55 45.40
AND 386.85 387.35 0.50 28.90
477.00 478.00 1.00 8.20
INCLUDING 477.00 477.50 0.50 12.90
489.25 490.50 1.25 6.84
531.05 533.00 1.95 12.88
INCLUDING 531.05 531.55 0.50 13.30
AND 532.05 533.00 0.95 18.80
548.00 549.25 1.25 11.15
572.20 572.70 0.50 12.60
HOLE ID FROM (M) TO (M) CORE LENGTH (M) AU (G/T)
CM-17-096 579.50 580.00 0.50 8.52
581.85 582.35 0.50 8.99
623.15 623.65 0.50 2250.00
626.30 626.80 0.50 26.00
CM-17-097 77.00 77.70 0.70 13.85
92.95 93.80 0.85 5.21
221.30 221.80 0.50 6.53
257.45 258.05 0.60 8.73
318.15 318.65 0.50 7.42
351.85 353.25 1.40 7.65
INCLUDING 352.65 353.25 0.60 9.84
384.25 384.75 0.50 5.98
410.00 410.50 0.50 6.59
435.80 436.30 0.50 11.70
BM-17-001 78.10 82.80 4.70 2.96
INCLUDING 80.40 80.90 0.50 11.40
90.45 91.00 0.55 6.61
105.00 105.50 0.50 9.84
162.40 162.90 0.50 6.82
172.10 172.75 0.65 9.36
268.90 271.00 2.10 9.60
INCLUDING 268.90 269.85 0.95 18.30
580.60 581.25 0.65 4.54
BM-17-002 199.15 199.65 0.50 7.72
288.50 289.00 0.50 7.91
328.30 332.55 4.25 4.09
INCLUDING 330.00 331.30 1.30 7.01
BM-17-003 380.05 380.65 0.60 13.30
495.60 496.65 1.05 39.60
BM-17-004 NO SIGNIFICANT ASSAYS
BM-17-005 319.30 319.85 0.55 51.60
326.35 326.85 0.50 6.86
344.00 345.25 1.25 16.11
INCLUDING 344.75 345.25 0.50 29.80
371.10 371.60 0.50 21.80
BM-17-006 191.30 192.00 0.70 12.00
229.10 229.60 0.50 6.97
BM-17-007 56.40 57.20 0.80 5.82
239.20 239.85 0.65 15.90
BM-17-008 169.40 170.00 0.60 4.40
332.25 332.90 0.65 4.39
HOLE ID FROM (M) TO (M) CORE LENGTH (M) AU (G/T)
BM-17-008 335.15 335.80 0.65 9.85
338.50 341.20 2.70 4.21
INCLUDING 340.60 341.20 0.60 7.15
481.00 482.30 1.30 11.25
INCLUDING 481.50 482.30 0.80 13.40
488.85 490.35 1.50 22.72
INCLUDING 489.35 490.35 1.00 26.30
494.35 495.45 1.10 6.04
513.00 513.65 0.65 56.10
518.50 519.30 0.80 6.94

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
CM-17-067 308 -60
CM-17-068 313 -45.4
CM-17-069 307 -56.5
CM-17-070 140 -55
CM-17-071 313 -41.6
CM-17-072 311 -59.3
CM-17-073 318 -46.2
CM-17-074 140 -60
CM-17-075 312 -54.5
CM-17-076 140 -41.5
CM-17-077 140 -54.3
CM-17-078 310 -45
CM-17-079 310 -55
CM-17-080 315 -55
CM-17-081 315 -55
CM-17-082 310 -44
CM-17-083 310 -45
CM-17-084 310 -55
CM-17-085 310 -54.1
CM-17-086 303 -60.7
CM-17-087 314 -62.7
CM-17-088 310 -48
CM-17-089 317 -53
CM-17-090 310 -45
HOLE ID AZIMUTH DIP
CM-17-091 313 -60.8
CM-17-093 313 -44.3
CM-17-094 310 -57.2
CM-17-095 310 -45
CM-17-096 308 -50.5
CM-17-097 310 -55
BM-17-001 136 -44.8
BM-17-002 141 -44.9
BM-17-003 139 -45.2
BM-17-004 139 -44.9
BM-17-005 139 -45.1
BM-17-006 110 -44.7
BM-17-007 110 -46.3
BM-17-008 112 -43.9


Photos accompanying this announcement are available at:
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[howestreetbull]

by @nasdaq on February 21, 2018
BGM Intersects 23.86 g/t Au Over 6.65 Meters at Shaft Zone

TORONTO, Feb. 21, 2018 (GLOBE NEWSWIRE) -- 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.

Drillhole Location Map
Drillhole Location Map


Island Mountain Vertical Section
Island Mountain Vertical Section


Island Mountain Vertical Section 2
Island Mountain Vertical Section 2


Drilling Highlights

IM-17-201: 104.5 g/t Au over 1.00 meter
IM-17-215: 23.86 g/t Au over 6.65 meters
IM-17-215: 12.16 g/t Au over 13.30 meters
IM-17-226: 28.73 g/t Au over 4.45 meters
IM-17-231: 24.76 g/t Au over 5.10 meters
The Company is pleased to report new mineralization expansion from the ongoing drilling at Island Mountain. Phase II drillhole IM-17-201 intersected 104.5 g/t Au over 1.00 meter at a vertical depth of 10 meters from surface. This new intersection is 40 meters up dip from previously modelled vein corridor, therefore potentially extending this vein corridor near surface.

IM-17-215 intersected 23.86 g/t over 6.65 meters at a vertical depth of 400 meters from surface and, further down hole, intersected 12.16 g/t Au over 13.30 meters at a vertical depth of 570 meters from surface, demonstrating wide corridors at depth. IM-17-215 represents one of the deepest intercepts to date, drilling at these depths are widely spaced and untested at depth. Additional drilling is warranted to expand this mineralization.

Shaft Zone - Corridors Discussion

Mineralized quartz veins at the Shaft Zone on Island Mountain are hosted within the sandstones and are an anastomosing network of high vein density with an overall sub-vertical dip and northeast strike. Recent modelling of veins at Shaft Zone proposes 50 mineralized vein corridors with an estimated horizontal width of 3 meters and a strike length of up to 300 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 at 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 Lodder
President & Chief Executive Officer
155 University Avenue, Suite 1440
Toronto, Ontario, Canada
[e-mail]

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 Information
Neither 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-17-201 11.00 12.00 1.00 104.50
IM-17-201 77.50 78.95 1.45 5.00
INCLUDING 78.38 78.95 0.57 8.11
IM-17-201 115.80 118.10 2.30 9.19
INCLUDING 117.00 118.10 1.10 13.50
IM-17-201 144.00 144.50 0.50 25.60
IM-17-201 150.50 151.50 1.00 4.59
IM-17-201 213.00 215.35 2.35 14.22
INCLUDING 213.00 214.17 1.17 25.40
IM-17-201 258.60 263.60 5.00 5.38
INCLUDING 262.25 263.60 1.35 10.30
IM-17-201 271.85 273.60 1.75 4.22
IM-17-201 297.00 297.80 0.80 20.70
IM-17-201 312.55 319.20 6.65 3.84
INCLUDING 312.55 313.50 0.95 13.35
IM-17-201 351.30 352.80 1.50 35.58
INCLUDING 352.10 352.80 0.70 54.30
IM-17-204 112.00 112.65 0.65 8.31
IM-17-204 325.00 327.20 2.20 9.05
IM-17-204 326.70 327.20 0.50 15.75
IM-17-204 338.60 339.30 0.70 20.20
IM-17-204 344.25 345.15 0.90 16.65
IM-17-204 380.00 383.10 3.10 3.10
INCLUDING 381.95 382.60 0.65 12.40
IM-17-204 428.45 430.15 1.70 10.17
INCLUDING 429.55 430.15 0.60 12.25
IM-17-209 137.15 138.25 1.10 4.59
INCLUDING 137.70 138.25 0.55 5.57
IM-17-209 230.25 231.00 0.75 75.70
IM-17-209 254.05 254.55 0.50 21.60
IM-17-209 269.45 270.50 1.05 4.48
IM-17-209 276.40 278.25 1.85 11.80
IM-17-209 382.50 383.20 0.70 8.25
IM-17-213 98.10 98.75 0.65 34.30
IM-17-213 144.25 145.10 0.85 5.28
IM-17-213 189.20 190.15 0.95 14.40
IM-17-213 194.20 194.70 0.50 18.15
IM-17-213 370.15 371.45 1.30 27.70
INCLUDING 370.80 371.45 0.65 42.80
IM-17-213 529.40 529.90 0.50 58.30
IM-17-213 543.85 544.70 0.85 5.54
IM-17-213 568.30 569.10 0.80 8.94
IM-17-213 574.45 575.60 1.15 9.98
IM-17-213 589.70 591.10 1.40 5.15
INCLUDING 589.70 590.60 0.90 6.52
IM-17-213 597.35 597.85 0.50 28.90
IM-17-213 613.50 614.00 0.50 5.73
IM-17-213 619.25 619.80 0.55 5.09
IM-17-213 623.85 625.10 1.25 9.25
INCLUDING 623.85 624.60 0.75 14.60
IM-17-215 286.30 288.15 1.85 6.36
INCLUDING 287.20 288.15 0.95 10.65
IM-17-215 459.00 463.25 4.25 11.07
INCLUDING 459.60 460.60 1.00 41.90
IM-17-215 485.00 492.35 7.35 4.00
INCLUDING 491.75 492.35 0.60 32.80
IM-17-215 507.00 513.65 6.65 23.86
INCLUDING 507.00 508.30 1.30 98.10
AND 510.80 512.00 1.20 10.80
AND 512.50 513.65 1.15 10.95
IM-17-215 523.00 523.50 0.50 10.90
IM-17-215 532.80 533.45 0.65 4.79
IM-17-215 560.80 564.10 3.30 6.77
INCLUDING 560.80 561.70 0.90 7.51
AND 563.40 564.10 0.70 20.50
IM-17-215 578.50 579.30 0.80 13.15
IM-17-215 610.55 611.60 1.05 9.49
IM-17-215 656.50 658.55 2.05 9.55
INCLUDING 656.50 657.60 1.10 16.00
IM-17-215 665.70 670.15 4.45 4.55
INCLUDING 665.70 666.60 0.90 6.40
AND 668.50 669.10 0.60 18.20
IM-17-215 682.50 683.30 0.80 5.65
IM-17-215 736.80 738.65 1.85 23.48
INCLUDING 736.80 737.45 0.65 60.20
AND 737.45 738.10 0.65 5.21
IM-17-215 757.20 770.50 13.30 12.16
INCLUDING 758.00 758.65 0.65 38.90
AND 758.65 759.55 0.90 24.40
AND 765.70 767.00 1.30 35.60
AND 770.00 770.50 0.50 36.30
IM-17-216 287.00 287.50 0.50 6.07
IM-17-216 380.80 381.60 0.80 17.50
IM-17-216 556.00 557.00 1.00 44.50
IM-17-216 587.50 590.10 2.60 9.86
INCLUDING 587.50 588.00 0.50 13.75
AND 588.50 589.10 0.60 15.00
IM-17-216 639.50 640.00 0.50 11.30
IM-17-216 660.90 661.60 0.70 10.50
IM-17-216 713.90 715.30 1.40 3.24
IM-17-218 167.80 170.00 2.20 10.03
INCLUDING 167.80 168.30 0.50 6.82
AND 168.80 170.00 1.20 15.10
IM-17-218 172.40 173.30 0.90 51.20
IM-17-218 224.70 225.50 0.80 6.56
IM-17-218 335.10 336.20 1.10 23.20
IM-17-218 375.30 378.70 3.40 6.65
INCLUDING 376.35 377.20 0.85 14.60
IM-17-218 438.80 439.30 0.50 58.90
IM-17-218 487.00 487.50 0.50 12.50
IM-17-221 117.50 121.40 3.90 16.14
INCLUDING 117.50 119.00 1.50 20.70
AND 119.00 120.10 1.10 29.00
AND 120.80 121.40 0.60 11.50
IM-17-221 253.60 260.90 7.30 5.39
INCLUDING 253.60 254.25 0.65 13.10
AND 254.25 254.75 0.50 7.82
AND 257.40 258.10 0.70 7.25
AND 260.00 260.90 0.90 18.65
IM-17-225 138.45 139.00 0.55 11.40
IM-17-225 211.65 212.15 0.50 48.80
IM-17-225 232.60 233.10 0.50 6.53
IM-17-226 30.40 34.85 4.45 28.73
INCLUDING 30.40 31.40 1.00 22.20
AND 31.40 32.10 0.70 70.50
AND 32.80 33.30 0.50 18.05
AND 33.30 34.15 0.85 53.20
IM-17-226 248.60 249.30 0.70 5.00
IM-17-227 92.90 94.60 1.70 13.61
INCLUDING 92.90 93.45 0.55 11.00
AND 94.00 94.60 0.60 28.10
IM-17-227 99.00 100.50 1.50 8.41
IM-17-227 154.35 155.45 1.10 9.15
IM-17-227 194.50 195.90 1.40 7.59
IM-17-227 219.50 220.10 0.60 11.30
IM-17-227 270.40 273.00 2.60 3.05
INCLUDING 271.80 273.00 1.20 4.96
IM-17-227 291.70 293.40 1.70 4.84
IM-17-228 58.40 63.70 5.30 4.17
INCLUDING 58.40 59.70 1.30 7.60
AND 60.40 61.10 0.70 9.04
IM-17-228 275.00 276.50 1.50 7.04
IM-17-229 HOLE ABANDONED
IM-17-230 79.10 79.60 0.50 9.45
IM-17-230 188.75 189.25 0.50 12.80
IM-17-230 233.00 233.50 0.50 44.50
IM-17-230 239.30 239.80 0.50 5.77
IM-17-230 247.80 252.10 4.30 5.22
INCLUDING 250.60 252.10 1.50 10.25
IM-17-230 312.00 313.15 1.15 11.35
IM-17-230 366.50 369.75 3.25 5.73
INCLUDING 366.50 367.00 0.50 33.80
IM-17-230 379.25 379.75 0.50 5.85
IM-17-231 32.80 37.90 5.10 24.76
INCLUDING 33.70 34.70 1.00 49.90
AND 34.70 35.75 1.05 61.30
IM-17-232 33.15 34.95 1.80 24.62
INCLUDING 33.70 34.20 0.50 60.40
IM-17-232 124.50 126.00 1.50 4.07
IM-17-232 243.00 243.50 0.50 27.40
IM-17-233 65.80 67.00 1.20 11.95
IM-17-233 137.00 138.00 1.00 11.65
IM-17-233 162.90 163.40 0.50 12.55
IM-17-233 259.50 260.25 0.75 9.09
IM-17-233 263.00 264.00 1.00 10.30
IM-17-233 323.00 325.00 2.00 6.01
INCLUDING 323.00 323.65 0.65 4.16
AND 324.40 325.00 0.60 14.80
IM-17-234 9.50 10.50 1.00 7.79
IM-17-234 176.65 178.65 2.00 3.72
INCLUDING 176.65 177.15 0.50 9.03
IM-17-234 292.85 293.90 1.05 16.40
IM-17-234 313.50 314.00 0.50 14.55
IM-17-235 114.75 115.80 1.05 4.98
IM-17-235 286.00 289.00 3.00 15.43
INCLUDING 286.00 287.00 1.00 41.60
IM-17-236 HOLE ABANDONED
IM-17-237 HOLE ABANDONED
IM-17-238 50.10 50.60 0.50 79.40
IM-17-238 132.60 133.10 0.50 18.00
IM-17-238 148.90 149.50 0.60 65.10
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 DIP AZIMUTH
IM-17-201 -65.5 139.4
IM-17-204 -46.4 135.6
IM-17-209 -44.3 139.3
IM-17-213 -64.4 137.3
IM-17-215 -45.7 135.4
IM-17-216 -64.9 138.0
IM-17-218 -57.5 142.5
IM-17-221 -45.0 135.4
IM-17-225 -43.7 143.3
IM-17-226 -63.5 143.7
IM-17-227 -43.8 137.6
IM-17-228 -65.5 137.0
IM-17-229 -57.7 133.9
IM-17-230 -46.8 138.4
IM-17-231 -46.1 138.7
IM-17-232 -64.8 139.0
IM-17-233 -45.8 143.4
IM-17-234 -44.8 135.0
IM-17-235 -58.6 136.0
IM-17-238 -44.8 142.1

A photo accompanying this announcement is available at

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http://www.globenewswire.com/NewsRoom/AttachmentNg/526abd0c-0fea-4daa-a1af-69b2cf20fca8

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BGMZF BGM.v Barkerville Gold Mines Ltd. - 2017 Corporate Update and 2018 Objectives
by @newswire on January 12, 2018
TORONTO, Jan. 12, 2018 /CNW/ -

Barkerville Gold Mines Ltd. (CNW Group/Barkerville Gold Mines Ltd.)

Cariboo Gold Project

Brownfield Exploration

Barkerville's 2017 Exploration program was focused on its flagship Cariboo Gold Project located within Central British Columbia. The company completed a 157,000 meter drilling campaign focused on resource delineation and expansion drilling on Cow and Island Mountain, with the majority focused on the Valley Zone and Shaft Zone. Significant high-grade intercepts confirmed the mineralization model, grade continuity, and geometries. Some significant recent drill intercepts are as follows: 72.23g/t over 12.05m, 53.26g/t over 11.55m, 18.84g/t over 30.85, 14.69 g/t over 28.5m, and 20.53 g/t over 11.6m. Barkerville was able to identify and wire frame 145 vein corridors which will be the base for the resource estimate in 2018.

Greenfield Exploration

Barkerville's greenfield exploration team was tasked with developing targets to the southeast of the central project area along the 67 kilometers of strike within the company's Cariboo Gold Project. Systematic, scientific exploration was able to identify 130 new targets through detailed mapping, soil, and rock sampling. Eleven of these are now at the drill ready stage.

Operations (Bonanza Ledge)

Portal and underground development began in the second semester of 2017 at the Bonanza Ledge mine. Barkerville completed 470 meters of underground development in 2017. Approximately 7000 tonnes of both low and high-grade development material was processed at the company's 100% owned QR mill for commissioning and training purposes. The Mill will be restarted in March 2018 when a sufficient stockpile is on site at QR.

2018 Objectives

In 2018 the company is planning to undertake several actions which are anticipated to be substantial catalysts for Barkerville. We plan to publish an initial resource for Cow Mountain, Island Mountain and Valley Zones as well as an update for Barkerville Mountain,. Barkerville will initiate drill testing of regional targets to confirm the mineralization model and district scale upside. Bonanza Ledge anticipates finishing development in Q1 with stope production to follow. The company will also start its underground access, permit depending, in order to explore for increased underground resources at Cow and Island Mountain targets. This should reduce future drilling cost and improve our understanding of the mineralization. This underground access will also allow for trial stoping and bulk sampling that will supply valuable data related to rock mechanics, dilution, operating costs and processing.

Management Change

Effective March 1st, 2018, Maggie Layman, currently Barkerville's Exploration Manager, will replace Paul Geddes as Vice President Exploration and QP for the Cariboo Gold Project. Paul will be pursuing other opportunities in British Columbia and the Company would like to thank him for his contributions to the Cariboo Gold Project and wish him all the best in his future endeavors.

Maggie has worked in mineral exploration with several other Major and Junior companies managing Brownfields and Greenfields gold and base metal exploration programs throughout Canada since 2006. Maggie has worked for BGM since 2015 and is responsible for directing the exploration programs at the Cariboo Gold Project. She is an active volunteer with the Association of Mineral Exploration Aboriginal Relations Committee. Maggie is a graduate from Memorial University of Newfoundland Earth Science program and is a P.Geo and member in good standing with APEGBC in British Columbia. She is the Qualified Person (QP) for BGM in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

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 Information
Neither 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.

SOURCE Barkerville Gold Mines Ltd.


View original content with multimedia: http://www.newswire.ca/en/releases/archive/January2018/12/c8822.html

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BGMZF BGM.v BGM Intersects 29.20 g/t Au Over 5.55 Metres at Shaft Zone
by @nasdaq on January 9, 2018

TORONTO, Jan. 09, 2018 (GLOBE NEWSWIRE) -- 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 five 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.

Island Mountain Vertical Section
Island Mountain Vertical Section


Drillhole Location Map
Drillhole Location Map


Drilling Highlights

IM-17-196: 16.38 g/t Au over 5.80 meters
IM-17-198: 5.20 g/t Au over 6.25 meters
IM-17-202: 29.20 g/t Au over 5.55 meters
IM-17-205: 8.21 g/t Au over 4.85 meters
Continued Expansion of Vein Corridors

The Company is pleased to report mineralization expansion from the ongoing drilling at Shaft Zone. Phase II drillhole IM-17-196 intersected 16.38 g/t Au over 5.80 meters at a vertical depth 380 meters below surface. This new intersection is open along strike to the north east. Previously reported hole IM-17-146 is located 35 meters to the south west and averaged 17.45 g/t Au over 8.60 meters. Further up-hole at a vertical depth of 175 meters, IM-17-196 also intersected 6.63 g/t Au over 4.40 meters and correlates with previously reported hole IM-17-115 that graded 10.14 g/t Au over 4.00 meters.

On the north-western extents of the Shaft Zone, drillhole IM-17-202 intersected a well mineralized vein zone grading 29.20 g/t Au over 5.55 meters at a vertical depth of 85 meters from surface. Drilling in this area is sparse and the closest intersection is previously reported drillhole IM-17-030, 135 meters down dip and assayed 9.35 g/t Au over 1.00 meters. This new intersection warrants additional drilling is in this area.

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 metres. 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 metres and remain open for expansion to depth and down plunge. Drillhole spacing in the corridors currently averages 25 metres between drilling sections with vertical drilling separations ranging from 20 to 75 metres 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 Lodder
President & Chief Executive Officer
155 University Avenue, Suite 1440
Toronto, Ontario, Canada
[e-mail]

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 Information

Neither 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-17-190 32.00 32.60 0.60 5.16
IM-17-190 232.00 232.50 0.50 6.29
IM-17-190 252.70 254.20 1.50 11.94
INCLUDING 253.50 254.20 0.70 15.15
IM-17-190 528.60 529.20 0.60 9.05
IM-17-190 535.90 542.60 6.70 11.08
INCLUDING 535.90 536.90 1.00 18.20
AND 538.85 539.95 1.10 41.70
AND 540.85 541.40 0.55 10.40
IM-17-190 547.70 548.20 0.50 33.40
IM-17-190 655.40 656.55 1.15 42.17
INCLUDING 655.40 655.95 0.55 82.60
IM-17-192 30.60 33.60 3.00 5.50
INCLUDING 30.60 31.85 1.25 6.61
AND 33.00 33.60 0.60 11.45
IM-17-192 35.00 38.00 3.00 5.94
INCLUDING 35.90 37.00 1.10 8.75
IM-17-192 35.00 37.00 2.00 8.87
INCLUDING 309.65 310.15 0.50 17.75
IM-17-193 122.20 122.90 0.70 10.30
IM-17-193 147.35 149.50 2.15 9.03
INCLUDING 147.35 148.20 0.85 17.55
AND 149.00 149.50 0.50 8.90
IM-17-193 160.50 161.00 0.50 9.78
IM-17-195 ASSAYS PENDING
IM-17-196 232.90 233.50 0.60 9.11
IM-17-196 244.70 248.90 4.20 5.32
INCLUDING 244.70 246.00 1.30 9.13
AND 248.40 248.90 0.50 14.20
IM-17-196 255.20 259.60 4.40 6.63
INCLUDING 256.00 256.70 0.70 7.18
AND 259.00 259.60 0.60 31.70
IM-17-196 266.50 268.00 1.50 13.09
INCLUDING 267.50 268.00 0.50 30.20
IM-17-196 452.30 458.10 5.80 16.38
INCLUDING 453.20 453.75 0.55 73.40
AND 456.55 457.45 0.90 44.40
IM-17-196 485.25 491.30 6.05 4.76
INCLUDING 485.75 486.30 0.55 14.65
AND 489.60 490.10 0.50 10.30
AND 490.70 491.30 0.60 16.40
IM-17-197 148.80 149.30 0.50 4.80
IM-17-197 176.90 177.60 0.70 5.70
IM-17-197 189.00 189.70 0.70 4.39
IM-17-197 211.40 212.30 0.90 6.32
IM-17-197 330.00 330.50 0.50 6.15
IM-17-197 336.00 336.50 0.50 11.85
IM-17-197 350.20 353.70 3.50 13.37
INCLUDING 350.20 350.85 0.65 34.90
AND 351.85 352.90 1.05 20.20
IM-17-197 384.10 387.65 3.55 11.22
INCLUDING 386.00 386.50 0.50 20.30
AND 386.50 387.00 0.50 31.10
AND 387.00 387.65 0.65 14.05
IM-17-197 411.50 412.10 0.60 5.83
IM-17-198 160.00 161.00 1.00 27.50
IM-17-198 200.20 201.25 1.05 4.36
INCLUDING 200.70 201.25 0.55 5.54
IM-17-198 211.50 217.75 6.25 5.20
INCLUDING 212.00 212.50 0.50 5.39
AND 214.70 215.40 0.70 5.98
AND 216.40 217.20 0.80 23.00
IM-17-198 222.25 223.45 1.20 10.15
IM-17-198 226.60 227.50 0.90 12.25
IM-17-198 359.40 360.00 0.60 16.60
IM-17-198 369.95 370.55 0.60 5.33
IM-17-199 169.75 170.45 0.70 4.68
IM-17-199 305.50 306.00 0.50 11.00
IM-17-199 457.65 459.35 1.70 21.14
INCLUDING 457.65 458.85 1.20 13.15
AND 458.85 459.35 0.50 40.30
IM-17-199 518.00 519.80 1.80 6.40
INCLUDING 518.00 519.00 1.00 8.24
IM-17-199 533.00 533.50 0.50 8.94
IM-17-199 618.20 618.70 0.50 5.62
IM-17-199 684.75 686.15 1.40 5.71
IM-17-199 707.10 709.05 1.95 10.11
INCLUDING 707.10 707.60 0.50 17.30
IM-17-200 ASSAYS PENDING
IM-17-201 ASSAYS PENDING
IM-17-202 114.70 120.25 5.55 29.20
INCLUDING 116.40 117.00 0.60 41.40
AND 117.00 118.00 1.00 67.40
IM-17-202 326.80 331.00 4.20 3.49
INCLUDING 326.80 327.40 0.60 16.50
IM-17-202 374.20 374.90 0.70 40.80
IM-17-202 378.95 379.60 0.65 14.40
IM-17-203 82.75 83.30 0.55 105.00
IM-17-204 ASSAYS PENDING
IM-17-205 30.60 35.45 4.85 8.21
INCLUDING 30.60 31.65 1.05 5.47
AND 32.95 33.90 0.95 8.02
AND 33.90 34.40 0.50 45.50
IM-17-205 120.00 121.80 1.80 6.09
IM-17-205 146.45 147.40 0.95 6.63
IM-17-205 148.00 148.50 0.50 35.20
IM-17-205 158.40 159.00 0.60 6.09
IM-17-205 170.15 170.65 0.50 109.50
IM-17-206 106.00 106.70 0.70 70.80
IM-17-207 9.00 10.25 1.25 11.85
IM-17-207 105.00 105.70 0.70 9.24
IM-17-207 184.10 184.90 0.80 16.00
IM-17-207 196.00 197.30 1.30 6.61
IM-17-207 221.20 224.40 3.20 16.75
INCLUDING 223.35 224.40 1.05 47.70
IM-17-207 254.00 255.00 1.00 4.78
IM-17-207 270.00 270.75 0.75 19.75
IM-17-208 138.50 140.10 1.60 3.69
IM-17-208 344.50 345.70 1.20 62.20
IM-17-208 355.50 356.40 0.90 4.57
IM-17-208 363.80 364.50 0.70 26.30
IM-17-209 ASSAYS PENDING
IM-17-210 46.25 46.75 0.50 15.35
IM-17-210 236.25 236.85 0.60 67.60
IM-17-210 326.15 328.00 1.85 9.43
INCLUDING 326.65 327.15 0.50 23.50
IM-17-210 401.10 401.60 0.50 6.42
IM-17-210 472.00 473.00 1.00 5.30
IM-17-210 480.50 481.45 0.95 6.13
IM-17-210 527.50 532.45 4.95 3.70
INCLUDING 531.45 532.45 1.00 7.99
IM-17-211 90.85 91.85 1.00 8.52
INCLUDING 91.35 91.85 0.50 12.40
IM-17-211 125.00 126.00 1.00 24.10
IM-17-211 184.80 185.30 0.50 9.09
IM-17-211 189.75 191.80 2.05 16.90
IM-17-211 226.00 227.00 1.00 5.43
IM-17-212 ASSAYS PENDING
IM-17-213 ASSAYS PENDING
IM-17-214 48.00 48.50 0.50 21.40
IM-17-214 58.50 59.30 0.80 12.05
IM-17-214 79.80 81.00 1.20 4.84
IM-17-214 271.50 272.00 0.50 20.60
IM-17-214 322.10 324.00 1.90 5.30
IM-17-214 323.30 324.00 0.70 8.98
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-17-190 132.4 -45.8
IM-17-193 139.3 -66.7
IM-17-196 139.0 -61.6
IM-17-197 140.8 -49.3
IM-17-198 141.5 -64.4
IM-17-199 132.8 -59.9
IM-17-202 141.2 -44.0
IM-17-203 141.8 -62.5
IM-17-205 136.2 -65.2
IM-17-206 139.6 -44.5
IM-17-207 141.9 -65.6
IM-17-208 142.4 -45.0
IM-17-210 140.5 -43.4
IM-17-211 138.7 -63.3
IM-17-214 137.6 -64.2
Maps accompanying this announcement are available at:

http://www.globenewswire.com/NewsRoom/AttachmentNg/330f2188-4dd5-4693-8a11-1d1cf6ac3712

http://www.globenewswire.com/NewsRoom/AttachmentNg/4115c169-74c1-47d9-abdf-579ba866c512


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BGMZF BGM.v Barkerville Announces C$10 Million Bought Deal Private Placement of Flow-Through Shares BGM.v
by @marketwired on December 15, 2017
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 15, 2017) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Barkerville Gold Mines Ltd. ("Barkerville" or the "Corporation") (TSX VENTURE:BGM) is pleased to announce that it has entered into an agreement with Haywood Securities Inc. and Canaccord Genuity Corp. as co-lead underwriters (together, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" private placement basis, 10,000,000 common shares of the Corporation that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) (the "Flow-Through Shares") at a price of C$1.00 per Flow-Through Share, for aggregate gross proceeds of C$10,000,000 (the "Offering").

The Corporation has granted the Underwriters an option to purchase up to an additional 1,500,000 Flow-Through Shares at a price of C$1.00 per Flow-Through Share, for additional aggregate gross proceeds of C$1,500,000 (the "Underwriters' Option"), which is exercisable in whole or in part by the Underwriters at any time prior to 48 hours prior to the closing date.

The Corporation intends to use the gross proceeds from the sale of the Flow-Through Shares for "Canadian exploration expenses" (within the meaning of the Income Tax Act (Canada)), related to the Corporation's Cariboo Gold Project in central British Columbia. The Corporation has also agreed to renounce such Canadian exploration expenses with an effective date of no later than December 31, 2017.

The closing of the Offering is expected to occur on or about December 28, 2017 and is subject to the completion of formal documentation and receipt of regulatory approvals, including the approval of the TSX Venture Exchange. The Flow-Through Shares issued in connection with the Offering will be subject to a statutory hold period in accordance with applicable securities legislation. In consideration for their services, the Corporation has agreed to pay the Underwriters a cash commission equal to 5.0% of the gross proceeds from the Offering, excluding gross proceeds received from the sale of Flow-Through Shares to Osisko Gold Royalties Ltd and Osisko Mining Inc.

About Barkerville

Barkerville 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 Corporation 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.

Caution Regarding Forward Looking Statements

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. The information in this news release about the Offering; the use of the gross proceeds from the Offering; the jurisdictions in which the Flow-Through Shares are offered or sold; the number of Flow-Through Shares offered or sold; the gross proceeds from the Offering; the timing and ability of the Corporation to close the Offering, if at all; the timing and ability of the Corporation to satisfy the customary listing conditions of the TSX Venture Exchange, if at all; the timing and ability of the Corporation to obtain all necessary approvals; the terms of the concurrently announced private placement of units of the Corporation; and any other information herein that is not a historical fact may be "forward-looking information". Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of Barkerville, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Barkerville to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

Such factors include, among others, risks relating to the Offering; volatility in the trading price of common shares of the Corporation; risks relating to the ability of the Corporation to obtain required approvals, complete definitive documentation and complete the Offering and concurrently announced offering of units of the Corporation on the terms announced; ability of Barkerville to complete further exploration activities, including drilling; property interests; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Barkerville cannot assure shareholders and prospective purchasers that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Barkerville nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Barkerville does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) 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.

Barkerville Gold Mines Ltd.
Chris Lodder
President & Chief Executive Officer
155 University Avenue, Suite 1440
Toronto, Ontario, Canada
[e-mail]

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BGMZF BGM.v BGM Intersects 14.69 G/T Au Over 28.50 Metres at Shaft Zone
by @newswire on November 28, 2017
NEW DEPTH EXTENSION ALSO YIELDS 13.48 G/T OVER 16.60 METRES

TORONTO, Nov. 28, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling results from the ongoing 160,000 metre 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 Valley and Shaft Zones with nine 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.

Drillhole Location Map (CNW Group/Barkerville Gold Mines Ltd.)

Significant Gold Zones Intersected at Shaft Zone

The Company is very pleased to report that a potentially new mineralized corridor has been discovered at depth on Island Mountain. Phase II drillhole IM-17-191 intersected three separate vein systems grading 19.16 g/t Au over 9.70 metres, 13.48 g/t Au over 16.60 metres and 14.69 g/t Au over 28.50 metres at vertical depths ranging from 485 to 540 metres below surface. Due to the scarcity of drilling in this area, it is unclear whether the new mineralization correlates as a depth extension to the interpreted Gamma Corridor or represents a previously unidentified new corridor. A Gamma Corridor section with widened viewing envelope is presented at the end of this release for reference.

Previously disclosed Phase II drillhole IM-17-145 is located 50 metres southwest of the new intersections having graded 17.34 g/t Au over 7.05 metres. Situated 150 metres to the northeast, drillhole CM-17-018 intersected similar veining grading 8.16 g/t Au over 4.00 metres near the end of the hole and may not have been drilled far enough to test the new mineralization. No other drilling occurs down dip or down plunge of the IM-17-191 intersections and as such are open for immediate expansion.

Chris Lodder, President and CEO commented, "The Island Mountain infill drilling continues to expand the Shaft Zone vein corridors in all directions and with several new intersections awaiting results. In January 2018, we will mobilize two rigs to begin initial drill testing of regional targets, while the remaining rigs will continue to focus on Cow and Island Mountain".

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 metres. 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 metres and remain open for expansion to depth and down plunge. Drillhole spacing in the corridors currently averages 25 metres between drilling sections with vertical drilling separations ranging from 20 to 75 metres 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).

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 2,110 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 Information
Neither 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-17-190



ASSAYS PENDING
IM-17-191
194.45
196.25
1.80
7.10
INCLUDING
195.10
195.75
0.65
12.05
IM-17-191
344.50
345.10
0.60
153.00
IM-17-191
389.75
390.30
0.55
15.60
IM-17-191
419.00
422.00
3.00
8.03
INCLUDING
420.60
421.10
0.50
29.90
AND
421.10
422.00
0.90
7.73
IM-17-191
433.85
434.30
0.45
6.59
IM-17-191
478.45
479.05
0.60
10.00
IM-17-191
491.00
491.50
0.50
44.90
IM-17-191
553.00
553.65
0.65
12.70
IM-17-191
569.55
570.05
0.50
36.40
IM-17-191
571.85
572.50
0.65
14.30
IM-17-191
580.35
583.70
3.35
6.47
INCLUDING
580.35
581.10
0.75
10.90
AND
583.15
583.70
0.55
14.65
IM-17-191
588.00
597.70
9.70
19.16
INCLUDING
588.70
589.90
1.20
13.90
AND
589.90
590.75
0.85
14.65
AND
594.10
594.80
0.70
208.00
IM-17-191
606.35
622.95
16.60
13.48
INCLUDING
606.35
607.05
0.70
44.00
AND
610.15
611.10
0.95
21.30
AND
614.70
615.30
0.60
18.15
AND
617.40
617.95
0.55
19.80
AND
618.55
619.10
0.55
39.40
AND
619.10
619.60
0.50
11.55
AND
620.90
622.10
1.20
32.20
AND
622.10
622.95
0.85
72.80
IM-17-191
647.00
675.50
28.50
14.69
INCLUDING
647.00
647.50
0.50
19.75
AND
649.00
649.55
0.55
11.65
AND
653.80
654.30
0.50
16.25
AND
654.85
655.35
0.50
19.10
AND
657.90
658.50
0.60
20.40
AND
658.50
659.20
0.70
20.20
AND
659.20
660.15
0.95
26.40
AND
660.15
660.65
0.50
36.70
AND
662.90
663.95
1.05
15.75
AND
665.55
666.15
0.60
30.40
AND
666.15
666.85
0.70
42.20
AND
666.85
667.35
0.50
22.10
AND
668.40
669.35
0.95
22.40
AND
669.35
669.85
0.50
15.55
AND
671.00
671.55
0.55
34.20
AND
671.55
672.30
0.75
16.20
AND
672.30
673.40
1.10
44.60
AND
673.40
674.40
1.00
97.60
AND
675.00
675.50
0.50
14.25
IM-17-192



ASSAYS PENDING
IM-17-193



ASSAYS PENDING
IM-17-194
168.00
174.40
6.40
6.02
INCLUDING
168.00
169.50
1.50
10.30
AND
171.15
172.00
0.85
9.13
IM-17-194
444.60
445.15
0.55
7.18
IM-17-194
510.50
511.90
1.40
56.90
INCLUDING
510.50
511.25
0.75
88.10
AND
511.25
511.90
0.65
20.90
IM-17-194
656.65
657.65
1.00
7.98
IM-17-194
659.65
660.65
1.00
18.85

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-17-191
130.00
-65.00
IM-17-194
136.10
-48.70


Gamma Corridor Longitudinal Section Shaft Zone (CNW Group/Barkerville Gold Mines Ltd.)

Island Mountain Vertical Section Shaft Zone (CNW Group/Barkerville Gold Mines Ltd.)

Barkerville Gold Mines logo (CNW Group/Barkerville Gold Mines Ltd.)

SOURCE Barkerville Gold Mines Ltd.


View original content with multimedia: http://www.newswire.ca/en/releases/archive/November2017/28/c4485.html

[howestreetbull]

BGMZF BGM.v BGM Intersects 14.69 G/T Au Over 28.50 Metres at Shaft Zone
by @newswire on November 28, 2017
NEW DEPTH EXTENSION ALSO YIELDS 13.48 G/T OVER 16.60 METRES

TORONTO, Nov. 28, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling results from the ongoing 160,000 metre 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 Valley and Shaft Zones with nine 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.

Drillhole Location Map (CNW Group/Barkerville Gold Mines Ltd.)

Significant Gold Zones Intersected at Shaft Zone

The Company is very pleased to report that a potentially new mineralized corridor has been discovered at depth on Island Mountain. Phase II drillhole IM-17-191 intersected three separate vein systems grading 19.16 g/t Au over 9.70 metres, 13.48 g/t Au over 16.60 metres and 14.69 g/t Au over 28.50 metres at vertical depths ranging from 485 to 540 metres below surface. Due to the scarcity of drilling in this area, it is unclear whether the new mineralization correlates as a depth extension to the interpreted Gamma Corridor or represents a previously unidentified new corridor. A Gamma Corridor section with widened viewing envelope is presented at the end of this release for reference.

Previously disclosed Phase II drillhole IM-17-145 is located 50 metres southwest of the new intersections having graded 17.34 g/t Au over 7.05 metres. Situated 150 metres to the northeast, drillhole CM-17-018 intersected similar veining grading 8.16 g/t Au over 4.00 metres near the end of the hole and may not have been drilled far enough to test the new mineralization. No other drilling occurs down dip or down plunge of the IM-17-191 intersections and as such are open for immediate expansion.

Chris Lodder, President and CEO commented, "The Island Mountain infill drilling continues to expand the Shaft Zone vein corridors in all directions and with several new intersections awaiting results. In January 2018, we will mobilize two rigs to begin initial drill testing of regional targets, while the remaining rigs will continue to focus on Cow and Island Mountain".

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 metres. 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 metres and remain open for expansion to depth and down plunge. Drillhole spacing in the corridors currently averages 25 metres between drilling sections with vertical drilling separations ranging from 20 to 75 metres 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).

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 2,110 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 Information
Neither 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-17-190



ASSAYS PENDING
IM-17-191
194.45
196.25
1.80
7.10
INCLUDING
195.10
195.75
0.65
12.05
IM-17-191
344.50
345.10
0.60
153.00
IM-17-191
389.75
390.30
0.55
15.60
IM-17-191
419.00
422.00
3.00
8.03
INCLUDING
420.60
421.10
0.50
29.90
AND
421.10
422.00
0.90
7.73
IM-17-191
433.85
434.30
0.45
6.59
IM-17-191
478.45
479.05
0.60
10.00
IM-17-191
491.00
491.50
0.50
44.90
IM-17-191
553.00
553.65
0.65
12.70
IM-17-191
569.55
570.05
0.50
36.40
IM-17-191
571.85
572.50
0.65
14.30
IM-17-191
580.35
583.70
3.35
6.47
INCLUDING
580.35
581.10
0.75
10.90
AND
583.15
583.70
0.55
14.65
IM-17-191
588.00
597.70
9.70
19.16
INCLUDING
588.70
589.90
1.20
13.90
AND
589.90
590.75
0.85
14.65
AND
594.10
594.80
0.70
208.00
IM-17-191
606.35
622.95
16.60
13.48
INCLUDING
606.35
607.05
0.70
44.00
AND
610.15
611.10
0.95
21.30
AND
614.70
615.30
0.60
18.15
AND
617.40
617.95
0.55
19.80
AND
618.55
619.10
0.55
39.40
AND
619.10
619.60
0.50
11.55
AND
620.90
622.10
1.20
32.20
AND
622.10
622.95
0.85
72.80
IM-17-191
647.00
675.50
28.50
14.69
INCLUDING
647.00
647.50
0.50
19.75
AND
649.00
649.55
0.55
11.65
AND
653.80
654.30
0.50
16.25
AND
654.85
655.35
0.50
19.10
AND
657.90
658.50
0.60
20.40
AND
658.50
659.20
0.70
20.20
AND
659.20
660.15
0.95
26.40
AND
660.15
660.65
0.50
36.70
AND
662.90
663.95
1.05
15.75
AND
665.55
666.15
0.60
30.40
AND
666.15
666.85
0.70
42.20
AND
666.85
667.35
0.50
22.10
AND
668.40
669.35
0.95
22.40
AND
669.35
669.85
0.50
15.55
AND
671.00
671.55
0.55
34.20
AND
671.55
672.30
0.75
16.20
AND
672.30
673.40
1.10
44.60
AND
673.40
674.40
1.00
97.60
AND
675.00
675.50
0.50
14.25
IM-17-192



ASSAYS PENDING
IM-17-193



ASSAYS PENDING
IM-17-194
168.00
174.40
6.40
6.02
INCLUDING
168.00
169.50
1.50
10.30
AND
171.15
172.00
0.85
9.13
IM-17-194
444.60
445.15
0.55
7.18
IM-17-194
510.50
511.90
1.40
56.90
INCLUDING
510.50
511.25
0.75
88.10
AND
511.25
511.90
0.65
20.90
IM-17-194
656.65
657.65
1.00
7.98
IM-17-194
659.65
660.65
1.00
18.85

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-17-191
130.00
-65.00
IM-17-194
136.10
-48.70


Gamma Corridor Longitudinal Section Shaft Zone (CNW Group/Barkerville Gold Mines Ltd.)

Island Mountain Vertical Section Shaft Zone (CNW Group/Barkerville Gold Mines Ltd.)

Barkerville Gold Mines logo (CNW Group/Barkerville Gold Mines Ltd.)

SOURCE Barkerville Gold Mines Ltd.


View original content with multimedia: http://www.newswire.ca/en/releases/archive/November2017/28/c4485.html

[howestreetbull]

BGMZF BGM.v BGM Intersects 14.69 G/T Au Over 28.50 Metres at Shaft Zone
by @newswire on November 28, 2017
NEW DEPTH EXTENSION ALSO YIELDS 13.48 G/T OVER 16.60 METRES

TORONTO, Nov. 28, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling results from the ongoing 160,000 metre 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 Valley and Shaft Zones with nine 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.

Drillhole Location Map (CNW Group/Barkerville Gold Mines Ltd.)

Significant Gold Zones Intersected at Shaft Zone

The Company is very pleased to report that a potentially new mineralized corridor has been discovered at depth on Island Mountain. Phase II drillhole IM-17-191 intersected three separate vein systems grading 19.16 g/t Au over 9.70 metres, 13.48 g/t Au over 16.60 metres and 14.69 g/t Au over 28.50 metres at vertical depths ranging from 485 to 540 metres below surface. Due to the scarcity of drilling in this area, it is unclear whether the new mineralization correlates as a depth extension to the interpreted Gamma Corridor or represents a previously unidentified new corridor. A Gamma Corridor section with widened viewing envelope is presented at the end of this release for reference.

Previously disclosed Phase II drillhole IM-17-145 is located 50 metres southwest of the new intersections having graded 17.34 g/t Au over 7.05 metres. Situated 150 metres to the northeast, drillhole CM-17-018 intersected similar veining grading 8.16 g/t Au over 4.00 metres near the end of the hole and may not have been drilled far enough to test the new mineralization. No other drilling occurs down dip or down plunge of the IM-17-191 intersections and as such are open for immediate expansion.

Chris Lodder, President and CEO commented, "The Island Mountain infill drilling continues to expand the Shaft Zone vein corridors in all directions and with several new intersections awaiting results. In January 2018, we will mobilize two rigs to begin initial drill testing of regional targets, while the remaining rigs will continue to focus on Cow and Island Mountain".

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 metres. 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 metres and remain open for expansion to depth and down plunge. Drillhole spacing in the corridors currently averages 25 metres between drilling sections with vertical drilling separations ranging from 20 to 75 metres 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).

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 2,110 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 Information
Neither 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-17-190



ASSAYS PENDING
IM-17-191
194.45
196.25
1.80
7.10
INCLUDING
195.10
195.75
0.65
12.05
IM-17-191
344.50
345.10
0.60
153.00
IM-17-191
389.75
390.30
0.55
15.60
IM-17-191
419.00
422.00
3.00
8.03
INCLUDING
420.60
421.10
0.50
29.90
AND
421.10
422.00
0.90
7.73
IM-17-191
433.85
434.30
0.45
6.59
IM-17-191
478.45
479.05
0.60
10.00
IM-17-191
491.00
491.50
0.50
44.90
IM-17-191
553.00
553.65
0.65
12.70
IM-17-191
569.55
570.05
0.50
36.40
IM-17-191
571.85
572.50
0.65
14.30
IM-17-191
580.35
583.70
3.35
6.47
INCLUDING
580.35
581.10
0.75
10.90
AND
583.15
583.70
0.55
14.65
IM-17-191
588.00
597.70
9.70
19.16
INCLUDING
588.70
589.90
1.20
13.90
AND
589.90
590.75
0.85
14.65
AND
594.10
594.80
0.70
208.00
IM-17-191
606.35
622.95
16.60
13.48
INCLUDING
606.35
607.05
0.70
44.00
AND
610.15
611.10
0.95
21.30
AND
614.70
615.30
0.60
18.15
AND
617.40
617.95
0.55
19.80
AND
618.55
619.10
0.55
39.40
AND
619.10
619.60
0.50
11.55
AND
620.90
622.10
1.20
32.20
AND
622.10
622.95
0.85
72.80
IM-17-191
647.00
675.50
28.50
14.69
INCLUDING
647.00
647.50
0.50
19.75
AND
649.00
649.55
0.55
11.65
AND
653.80
654.30
0.50
16.25
AND
654.85
655.35
0.50
19.10
AND
657.90
658.50
0.60
20.40
AND
658.50
659.20
0.70
20.20
AND
659.20
660.15
0.95
26.40
AND
660.15
660.65
0.50
36.70
AND
662.90
663.95
1.05
15.75
AND
665.55
666.15
0.60
30.40
AND
666.15
666.85
0.70
42.20
AND
666.85
667.35
0.50
22.10
AND
668.40
669.35
0.95
22.40
AND
669.35
669.85
0.50
15.55
AND
671.00
671.55
0.55
34.20
AND
671.55
672.30
0.75
16.20
AND
672.30
673.40
1.10
44.60
AND
673.40
674.40
1.00
97.60
AND
675.00
675.50
0.50
14.25
IM-17-192



ASSAYS PENDING
IM-17-193



ASSAYS PENDING
IM-17-194
168.00
174.40
6.40
6.02
INCLUDING
168.00
169.50
1.50
10.30
AND
171.15
172.00
0.85
9.13
IM-17-194
444.60
445.15
0.55
7.18
IM-17-194
510.50
511.90
1.40
56.90
INCLUDING
510.50
511.25
0.75
88.10
AND
511.25
511.90
0.65
20.90
IM-17-194
656.65
657.65
1.00
7.98
IM-17-194
659.65
660.65
1.00
18.85

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-17-191
130.00
-65.00
IM-17-194
136.10
-48.70


Gamma Corridor Longitudinal Section Shaft Zone (CNW Group/Barkerville Gold Mines Ltd.)

Island Mountain Vertical Section Shaft Zone (CNW Group/Barkerville Gold Mines Ltd.)

Barkerville Gold Mines logo (CNW Group/Barkerville Gold Mines Ltd.)

SOURCE Barkerville Gold Mines Ltd.


View original content with multimedia: http://www.newswire.ca/en/releases/archive/November2017/28/c4485.html

[howestreetbull]

BGMZF BGM.v BGM Intersects 29.26 g/t Au Over 4.45 Metres at Shaft Zone
by @nasdaq on November 8, 2017
TORONTO, Nov. 08, 2017 (GLOBE NEWSWIRE) -- Barkerville Gold Mines Ltd. (TSXV:BGM) (the “Company” or “Barkerville”) is pleased to announce additional drilling results from the ongoing 160,000 metre 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 Valley and Shaft Zones with nine drill rigs, while a tenth drill is expanding the known mineralization on the BC Vein. 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.

Drillhole Location Map
Drillhole Location Map


Beta Corridor Longitudinal Map
Beta Corridor Longitudinal Map


Beta Corridor Continues to Demonstrate Continuity

The Company is pleased to announce that the ongoing infill drilling on the Beta Corridor continues to demonstrate grade and geological continuity. Phase II drillhole IM-17-180 predictably intersected veining in the Beta Corridor averaging 29.26 g/t Au over 4.45 metres at a vertical depth of 410 metres below surface and is situated 20 metres southwest along corridor strike from previously disclosed drillhole
IM-17-044 which intersected 24.70 g/t Au over 6.60 metres. New mineralization at depth was also demonstrated by IM-17-180 having pierced veining grading 17.91 g/t Au over 2.85 metres at a depth of 510 metres below surface. The Beta Corridor remains open for expansion to depth.

On the southeastern flank of the Shaft Zone, Phase II drillhole IM-17-174-1 intersected 32.02 g/t Au over 3.90 metres in an area of low drilling density, situated 110 metres below surface. This same drillhole also pierced a larger network of veining with subintervals grading 107.50 g/t Au over 0.50 metres, 11.03 g/t Au over 1.65 metres and 11.15 g/t Au over 3.45 metres. Additional drilling is planned in this largely unexplored portion of the Shaft Zone to determine the potential for another veining corridor.

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 metres. 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 metres and remain open for expansion to depth and down plunge. Drillhole spacing in the corridors currently averages 25 metres between drilling sections with vertical drilling separations ranging from 20 to 75 metres 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 Lodder
President & Chief Executive Officer
155 University Avenue, Suite 1440
Toronto, Ontario, Canada
[e-mail]

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 2,110 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 Information
Neither 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-17-174 144.50 145.00 0.50 18.70
IM-17-174 272.00 273.00 1.00 32.60
IM-17-174 290.30 291.85 1.55 64.08
INCLUDING 290.30 290.95 0.65 31.10
AND 290.95 291.85 0.90 87.90
IM-17-174 295.55 296.40 0.85 7.96
IM-17-174 308.40 309.25 0.85 19.85
IM-17-174-1 269.50 270.30 0.80 19.15
IM-17-174-1 292.50 293.00 0.50 15.25
IM-17-174-1 315.40 316.10 0.70 107.50
IM-17-174-1 327.80 329.45 1.65 11.03
IM-17-174-1 336.85 340.30 3.45 11.15
INCLUDING 336.85 337.35 0.50 16.20
AND 339.25 340.30 1.05 18.70
IM-17-174-1 345.65 349.55 3.90 32.02
INCLUDING 345.65 346.45 0.80 69.10
AND 347.25 347.95 0.70 37.00
AND 348.80 349.55 0.75 57.60
IM-17-175 215.75 216.60 0.85 8.78
IM-17-175 262.00 263.00 1.00 7.01
IM-17-175 272.70 273.40 0.70 12.05
IM-17-175 312.60 314.00 1.40 10.10
IM-17-175 323.70 324.50 0.80 8.06
IM-17-175 412.00 412.90 0.90 9.62
IM-17-175 493.50 494.00 0.50 12.65
IM-17-176 ASSAYS PENDING
IM-17-177 ASSAYS PENDING
IM-17-178 ABANDONED
IM-17-179 ASSAYS PENDING
IM-17-180 112.00 113.00 1.00 13.60
IM-17-180 328.85 329.60 0.75 32.60
IM-17-180 387.75 388.60 0.85 11.85
IM-17-180 441.55 446.00 4.45 29.26
IM-17-180 552.85 555.70 2.85 17.91
INCLUDING 554.60 555.20 0.60 27.60
AND 555.20 555.70 0.50 63.20
IM-17-180 578.35 579.35 1.00 13.75
IM-17-181 ABANDONED
IM-17-182 65.30 65.90 0.60 12.70
IM-17-182 204.85 205.35 0.50 25.50
IM-17-182 251.85 252.35 0.50 24.90
IM-17-182 425.40 426.40 1.00 13.05
IM-17-183 ASSAYS PENDING
IM-17-184 136.70 137.50 0.80 58.00
IM-17-184 144.15 144.85 0.70 14.70
IM-17-184 222.85 223.50 0.65 11.20
IM-17-185 12.95 13.45 0.50 45.80
IM-17-185 31.90 35.85 3.95 10.66
INCLUDING 34.00 35.00 1.00 8.31
AND 35.00 35.85 0.85 35.40
IM-17-185 124.50 128.30 3.80 10.16
INCLUDING 124.50 125.50 1.00 9.76
AND 125.50 126.30 0.80 16.30
AND 126.30 127.00 0.70 10.55
AND 127.00 128.30 1.30 6.49
IM-17-185 139.85 140.50 0.65 23.70
IM-17-186 16.75 17.50 0.75 8.18
IM-17-186 334.50 335.20 0.70 7.44
IM-17-187 ASSAYS PENDING
IM-17-188 7.25 7.75 0.50 5.13
IM-17-188 14.70 15.20 0.50 6.57
IM-17-188 55.75 56.25 0.50 14.25
IM-17-188 102.55 103.40 0.85 9.74
IM-17-188 135.70 137.00 1.30 6.07
IM-17-188 157.75 158.65 0.90 7.33
IM-17-188 184.25 186.80 2.55 24.04
INCLUDING 184.25 185.00 0.75 34.60
AND 185.00 185.60 0.60 11.00
AND 186.30 186.80 0.50 54.20
IM-17-188 247.20 247.85 0.65 17.50
IM-17-188 298.35 298.85 0.50 9.58
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-17-174 138.30 -43.80
IM-17-174-1 138.30 -43.80
IM-17-175 140.20 -65.20
IM-17-178 138.70 -45.30
IM-17-180 143.90 -64.60
IM-17-181 132.70 -45.00
IM-17-182 136.70 -45.20
IM-17-184 136.10 -45.60
IM-17-185 136.20 -65.30
IM-17-186 139.90 -66.10
IM-17-188 139.20 -45.00
Maps accompanying this announcement are available at:

http://www.globenewswire.com/NewsRoom/AttachmentNg/8893747d-b21d-4cf6-93de-73f519f0f3a1

http://www.globenewswire.com/NewsRoom/AttachmentNg/7247cf18-90d1-48dd-9164-e265b4cc593f

[howestreetbull]

by @newswire on October 31, 2017
BGMZF BGM.v BGM Intersects 35.20 G/t Au Over 4.00 Metres at Shaft Zone

BETA CORRIDOR CONTINUES TO EXPAND - 17.65 G/T AU OVER 6.70 METRES

TORONTO, Oct. 31, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling results from the ongoing 160,000 metre 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 Valley and Shaft Zones with nine drill rigs, while a tenth drill is expanding the known mineralization on the BC Vein. 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.

Highlights:

IM-17-156: 17.65 g/t Au over 6.70 metres
IM-17-166: 12.23 g/t Au over 6.70 metres
IM-17-168: 16.05 g/t Au over 5.72 metres
IM-17-169: 19.58 g/t Au over 6.65 metres
IM-17-170: 20.50 g/t Au over 5.50 metres
IM-17-173: 10.82 g/t Au over 8.60 metres
IM-17-173: 35.20 g/t Au over 4.00 metres
Beta Corridor Continues to Expand to Depth

The Company is pleased to announce that Phase II drillhole IM-17-169 has expanded the recently announced Beta Corridor via the intersection of 19.58 g/t Au over 6.65 metres at a vertical depth of 320 metres below surface. The expansion occurs 90 metres southwest and up dip along corridor strike from previously disclosed Phase II drillhole IM-17-142 which intersected 10.04 g/t Au over 8.20 metres. Infill drilling between the above-mentioned drillholes has demonstrated the grade and geological continuity of this area as IM-17-173 intersected two veining systems grading 10.82 g/t Au over 8.60 metres and 7.70 g/t Au over 8.35 metres at respective vertical depths of 275 and 350 metres below surface. The Beta Corridor still remains open for expansion along vein strike as well as downdip.

Infill drilling in the Beta Corridor is also indicating the grade and geological continuity of this vein system as demonstrated by drillhole IM-17-172 which intersected two zones averaging 12.81 g/t Au over 4.80 metres followed closely by 12.56 g/t over 3.45 metres at a vertical depth of 150 metres below surface. These intersections occur 40 metres up dip of previously released drillhole IM-17-141 which intersected 6.09 g/t Au over 20.40 metres.

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 metres. 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 metres and remain open for expansion to depth and down plunge. Drillhole spacing in the corridors currently averages 25 metres between drilling sections with vertical drilling separations ranging from 20 to 75 metres 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).

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 2,110 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 Information

Neither 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-17-154
108.90
109.60
0.70
23.60
IM-17-156
63.80
64.60
0.80
29.90
IM-17-156
128.00
129.60
1.60
6.91
IM-17-156
146.85
148.75
1.90
17.23
INCLUDING
146.85
147.35
0.50
48.30
AND
147.35
147.85
0.50
16.45
IM-17-156
153.00
153.50
0.50
10.95
IM-17-156
252.90
259.60
6.70
17.65
INCLUDING
253.90
254.60
0.70
18.00
AND
255.75
256.40
0.65
42.80
AND
258.50
259.10
0.60
59.30
AND
259.10
259.60
0.50
64.90
IM-17-156
279.50
280.80
1.30
11.75
IM-17-156
315.65
316.15
0.50
33.90
IM-17-156
359.75
361.50
1.75
52.69
INCLUDING
360.75
361.50
0.75
116.50
IM-17-160
173.00
177.00
4.00
5.45
INCLUDING
174.50
175.20
0.70
11.00
IM-17-160
181.50
182.00
0.50
9.17
IM-17-160
190.00
191.00
1.00
83.90
IM-17-160
375.50
376.00
0.50
119.50
IM-17-160
380.85
381.35
0.50
11.70
IM-17-160
415.35
415.90
0.55
10.95
IM-17-161
76.20
79.60
3.40
9.25
INCLUDING
77.35
78.15
0.80
25.00
IM-17-161
133.40
134.50
1.10
19.55
IM-17-161
359.75
360.90
1.15
9.41
IM-17-161
364.80
365.35
0.55
6.75
IM-17-161
455.40
456.10
0.70
53.30
IM-17-161
546.75
547.30
0.55
95.50
IM-17-165
203.50
204.40
0.90
6.14
IM-17-165
208.50
209.25
0.75
34.30
IM-17-165
265.00
265.50
0.50
11.00
IM-17-166
67.00
68.00
1.00
6.19
IM-17-166
72.80
73.30
0.50
17.30
IM-17-166
157.40
164.10
6.70
12.23
INCLUDING
159.00
159.70
0.70
31.90
AND
159.70
160.50
0.80
40.90
AND
163.10
164.10
1.00
12.70
IM-17-166
490.80
492.00
1.20
30.50
IM-17-166
499.50
502.10
2.60
38.07
INCLUDING
499.50
500.10
0.60
106.50
AND
500.80
501.30
0.50
67.10
IM-17-166
515.00
515.50
0.50
14.65
IM-17-166
528.80
529.30
0.50
22.10
IM-17-167
31.40
32.80
1.40
19.50
IM-17-167
82.00
82.50
0.50
17.20
IM-17-167
123.00
123.60
0.60
16.75
IM-17-167
265.30
266.40
1.10
19.05
IM-17-167
373.20
374.70
1.50
8.06
IM-17-167
393.20
394.00
0.80
10.20
IM-17-167
397.45
398.50
1.05
7.56
IM-17-168
78.50
84.22
5.72
16.05
INCLUDING
80.50
81.80
1.30
55.50
AND
83.00
84.22
1.22
9.80
IM-17-168
135.35
135.90
0.55
48.30
IM-17-169
33.15
33.85
0.70
17.30
IM-17-169
50.45
51.45
1.00
10.15
IM-17-169
81.70
83.00
1.30
7.84
IM-17-169
130.15
130.75
0.60
53.50
IM-17-169
222.50
229.00
6.50
7.00
INCLUDING
223.20
224.00
0.80
18.55
AND
224.00
225.00
1.00
10.55
AND
225.00
226.05
1.05
10.25
AND
228.50
229.00
0.50
13.85
IM-17-169
233.00
233.70
0.70
12.45
IM-17-169
248.35
250.60
2.25
10.91
INCLUDING
249.25
250.10
0.85
24.20
IM-17-169
263.65
266.50
2.85
12.44
INCLUDING
263.65
264.40
0.75
10.75
AND
264.40
265.00
0.60
30.40
AND
265.00
266.00
1.00
9.06
IM-17-169
343.80
350.45
6.65
19.58
INCLUDING
343.80
344.40
0.60
9.22
AND
344.40
345.35
0.95
16.35
AND
347.55
348.30
0.75
102.50
AND
348.30
349.80
1.50
6.82
AND
349.80
350.45
0.65
33.50
IM-17-169
437.75
438.30
0.55
11.30
IM-17-169
540.05
541.00
0.95
8.42
IM-17-170
39.45
40.25
0.80
50.10
IM-17-170
46.50
47.20
0.70
15.05
IM-17-170
90.50
96.00
5.50
20.50
INCLUDING
90.50
91.65
1.15
47.70
AND
92.55
93.10
0.55
14.10
AND
94.40
95.45
1.05
35.00
IM-17-170
123.20
123.90
0.70
8.39
IM-17-170
166.10
166.60
0.50
8.50
IM-17-170
216.00
219.75
3.75
8.42
INCLUDING
217.05
218.10
1.05
24.40
IM-17-171
221.00
221.65
0.65
40.00
IM-17-172
130.10
132.20
2.10
24.20
INCLUDING
130.10
131.20
1.10
36.70
AND
131.20
132.20
1.00
10.45
IM-17-172
196.80
201.60
4.80
12.81
INCLUDING
198.94
199.75
0.81
56.50
AND
199.75
200.90
1.15
9.72
IM-17-172
208.55
212.00
3.45
12.56
INCLUDING
208.55
210.00
1.45
7.40
AND
210.00
211.00
1.00
17.50
AND
211.00
212.00
1.00
15.10
IM-17-172
235.90
236.40
0.50
41.20
IM-17-172
416.60
417.10
0.50
9.98
IM-17-172
494.75
495.45
0.70
14.40
IM-17-173
118.45
122.45
4.00
35.20
INCLUDING
119.45
120.95
1.50
23.60
AND
120.95
122.45
1.50
68.20
IM-17-173
239.50
240.25
0.75
49.10
IM-17-173
283.40
284.25
0.85
10.30
IM-17-173
306.25
314.85
8.60
10.82
INCLUDING
306.25
306.75
0.50
14.40
AND
307.50
308.00
0.50
46.50
AND
308.00
308.60
0.60
18.60
AND
314.00
314.85
0.85
58.60
IM-17-173
345.85
346.50
0.65
11.00
IM-17-173
358.00
358.75
0.75
22.30
IM-17-173
369.25
369.90
0.65
8.17
IM-17-173
381.15
389.50
8.35
7.70
INCLUDING
381.15
381.90
0.75
29.80
AND
387.75
389.00
1.25
22.80
AND
389.00
389.50
0.50
23.40


True widths cannot be accurately determined from the information available therefore core lengths are reported.
Rock not recovered by drilling was assigned zero grade. Top cuts have not been applied to high grade assays.

Table 2: Drillhole Collar Orientations:

HOLE-ID
AZIMUTH
DIP
IM-17-154
135.50
-46.90
IM-17-156
142.30
-43.50
IM-17-160
134.60
-65.00
IM-17-161
136.50
-65.60
IM-17-165
139.10
-40.50
IM-17-166
132.50
-64.70
IM-17-167
135.60
-48.70
IM-17-168
141.10
-45.00
IM-17-169
139.20
-64.50
IM-17-170
143.60
-44.40
IM-17-171
143.60
-64.40
IM-17-172
139.20
-45.80
IM-17-173
141.80
-64.50
Drillhole Location Map (CNW Group/Barkerville Gold Mines Ltd.)

Island Mountain Vertical Section (CNW Group/Barkerville Gold Mines Ltd.)

Beta Corridor Longitudinal Section (CNW Group/Barkerville Gold Mines Ltd.)




Barkerville Gold Mines Ltd. (CNW Group/Barkerville Gold Mines Ltd.)

SOURCE Barkerville Gold Mines Ltd.


View original content with multimedia: http://www.newswire.ca/en/releases/archive/October2017/31/c7134.html

[nowwhat2]

Wow - That's quite a report alright : 45 pages (discusses many players)

Thanks

.

[howestreetbull]

much smarter guys than I are seeing value here...
From Haywoods The Weekly Dig – October 13, 2017

Barkerville Gold Mines Ltd. (BGM-V, $0.84, [Buy Rating, $1.60 Target Price]) – Three Corridors
Defined as Drilling at Shaft Zone Continues
Mick Carew, PhD ? [e-mail], Emma Boggio, MSA, CPA, CA, [e-mail]
Barkerville announced additional drilling results from its ongoing 130,000 metre Phase II program at
its Caribou project in British Columbia. The latest results are primarily from the Shaft Zone (situated at
Island Mountain) where, combined with the Valley zone, the Company is currently exploring and
delineating with nine drill rigs. The Company has a tenth drill rig expanding the known mineralization
on the BC Vein. The recent results have assisted in extending newly defined parallel veining corridors
known as the Beta Corridor and the Gamma Corridor. The Company's press release can be found at
<click here for link> .
See Haywood Securities for the full report
http://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1cu425p-MMOct132017_CEO.pdf

[nowwhat2]

Seems 2 b good info thanks - U think it seems 2 b good results ?

[howestreetbull]

BGMZF BGM.v BGM Intersects 20.53 G/T AU Over 11.60 Metres at Shaft Zone
by @newswire on October 11, 2017
NEW BETA CORRIDOR INTERSECTION - 87.66 G/T AU OVER 5.30 METRES

TORONTO, Oct. 11, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling results from the ongoing 130,000 metre 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 Valley and Shaft Zones with nine drill rigs, while a tenth drill is expanding the known mineralization on the BC Vein. 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.

Barkerville Gold Mines Ltd. (CNW Group/Barkerville Gold Mines Ltd.)

Highlights:

IM-17-145: 20.53 g/t Au over 11.60 metres
IM-17-145: 87.66 g/t Au over 5.30 metres
IM-17-145: 17.34 g/t Au over 7.05 metres
IM-17-162: 13.58 g/t Au over 4.00 metres
IM-17-163: 11.21 g/t Au over 4.65 metres
IM-17-163: 13.71 g/t Au over 7.70 metres
Veining Corridors Continue to Expand

A newly defined veining corridor, the Beta Corridor, has been extended via the intersection of
20.53 g/t Au over 11.60 metres and 87.66 g/t Au over 5.30 metres at vertical depths of 365 and 415 metres below surface in Phase II drillhole IM-17-145. These new extensions occur 65 metres along vein strike to the northeast of previously reported drillholes IM-17-134 and IM-17-143 which intersected 53.26 g/t Au over 11.55 metres and 7.09 g/t Au over 34.30 metres respectively. The new Beta Corridor pierce points defined by IM-17-145 are untested along vein strike and down dip.

Another newly evolving vein network, the Gamma Corridor, was also expanded at a vertical depth of 590 metres below surface by IM-17-145 having intersected 17.34 g/t Au over 7.05 metres. This pierce point is situated 120 metres down plunge of previously reported drillhole IM-17-124 which intersected 12.76 g/t Au over 25.40 metres. Again, this new intersection in the Gamma Corridor is untested at depth and along vein strike.

Chris Lodder, President and CEO comments, "As we continue to infill the Shaft Zone we see that there are new parallel corridors starting to be defined in close proximity. Thus, the exploration group has begun identifying these corridors as Alpha, Beta and Gamma and will continue with this nomenclature as new ones develop. The Shaft Zone drilling firmly demonstrates the internal continuity as well as the exploration potential and predictability of the veining networks in undrilled areas".

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 metres. 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 metres and remain open for expansion to depth and down plunge. Drillhole spacing in the corridors currently averages 25 metres between drilling sections with vertical drilling separations ranging from 20 to 75 metres 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).

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 2,110 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 Information

Neither 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-17-145
132.35
133.00
0.65
12.25
IM-17-145
402.40
414.00
11.60
20.53
INCLUDING
402.90
403.45
0.55
16.15
AND
403.45
404.10
0.65
37.00
AND
404.10
404.60
0.50
9.38
AND
409.10
409.60
0.50
9.23
AND
409.60
410.15
0.55
42.70
AND
410.15
411.00
0.85
189.00
IM-17-145
458.00
463.30
5.30
87.66
INCLUDING
458.00
458.80
0.80
6.52
AND
459.30
460.00
0.70
633.00
AND
462.65
463.30
0.65
24.80
IM-17-145
685.15
692.20
7.05
17.34
INCLUDING
685.75
686.25
0.50
33.60
AND
688.75
689.40
0.65
75.90
AND
689.40
689.90
0.50
53.40
AND
689.90
690.40
0.50
9.92
AND
690.90
691.60
0.70
21.60
IM-17-154



ASSAYS PENDING
IM-17-155
309.85
310.35
0.50
200.00
IM-17-155
545.45
546.00
0.55
36.50
IM-17-155
563.80
564.30
0.50
49.70
IM-17-156



ASSAYS PENDING
IM-17-157
53.85
54.35
0.50
7.75
IM-17-157
149.50
150.85
1.35
8.87
IM-17-157
155.10
155.65
0.55
12.05
IM-17-157
202.95
204.45
1.50
9.78
IM-17-158
136.75
137.85
1.10
10.25
IM-17-158
183.15
184.50
1.35
7.79
IM-17-159
176.00
176.50
0.50
6.78
IM-17-159
204.50
205.10
0.60
10.25
IM-17-159
206.10
206.60
0.50
7.17
IM-17-159
207.10
207.60
0.50
15.55
IM-17-159
316.70
318.15
1.45
9.45
INCLUDING
316.70
317.20
0.50
12.10
AND
317.20
318.15
0.95
8.05
IM-17-159
521.70
522.20
0.50
24.70
IM-17-160



ASSAYS PENDING
IM-17-161



ASSAYS PENDING
IM-17-162
310.05
310.55
0.50
12.15
IM-17-162
330.00
334.00
4.00
13.58
INCLUDING
331.20
332.35
1.15
20.20
AND
332.35
333.50
1.15
26.60
IM-17-162
357.10
357.80
0.70
23.30
IM-17-162
389.50
390.40
0.90
17.10
IM-17-162
478.50
482.90
4.40
10.53
INCLUDING
478.50
479.00
0.50
9.04
AND
479.60
480.60
1.00
32.50
AND
480.60
481.50
0.90
7.69
IM-17-163
11.40
19.10
7.70
13.71
INCLUDING
11.40
11.90
0.50
30.80
AND
12.40
13.20
0.80
71.10
AND
16.15
16.65
0.50
8.94
AND
17.15
17.80
0.65
36.80
AND
18.60
19.10
0.50
7.54
IM-17-163
191.00
191.50
0.50
8.43
IM-17-163
284.35
289.00
4.65
11.21
INCLUDING
284.35
285.00
0.65
9.52
AND
285.00
285.60
0.60
12.25
AND
286.90
287.70
0.80
43.90
IM-17-163
332.20
334.90
2.70
8.22
INCLUDING
332.20
332.95
0.75
11.60
AND
332.95
333.90
0.95
8.73
AND
334.40
334.90
0.50
9.93
IM-17-163
407.30
407.80
0.50
16.05
IM-17-163
414.50
415.60
1.10
5.25
IM-17-163
421.10
422.10
1.00
5.91
IM-17-163
465.80
467.00
1.20
7.31
IM-17-163
467.00
467.65
0.65
38.30
IM-17-163
472.00
473.00
1.00
25.00
IM-17-164
308.50
309.85
1.35
19.45
IM-17-164
436.20
436.75
0.55
8.72
IM-17-164
452.15
452.80
0.65
9.62
IM-17-164
459.00
460.75
1.75
9.16
IM-17-164
484.30
484.85
0.55
8.26
IM-17-164
626.50
629.50
3.00
12.14
INCLUDING
626.50
627.50
1.00
17.50
AND
627.50
628.20
0.70
24.80
IM-17-164
683.90
684.40
0.50
12.90
IM-17-164
723.50
724.00
0.50
10.40
IM-17-164
748.50
749.00
0.50
7.78
True widths cannot be accurately determined from the information available therefore core lengths are reported. Rock not recovered by drilling was assigned zero grade. Top cuts have not been applied to high grade assays.

Table 2: Drillhole Collar Orientations:

HOLE-ID
AZIMUTH
DIP
IM-17-145
133.50
-66.10
IM-17-155
136.30
-64.20
IM-17-157
137.20
-44.50
IM-17-158
138.10
-64.50
IM-17-159
140.00
-48.10
IM-17-162
136.70
-44.00
IM-17-163
137.40
-55.50
IM-17-164
134.30
-49.70

Drillhole Location Map (CNW Group/Barkerville Gold Mines Ltd.)

Island Mountain Vertical Section Shaft Zone (CNW Group/Barkerville Gold Mines Ltd.)

Beta Corridor Longitudinal Section Shaft Zone (CNW Group/Barkerville Gold Mines Ltd.)

Gamma Corridor Longitudinal Shaft Zone (CNW Group/Barkerville Gold Mines Ltd.)

SOURCE Barkerville Gold Mines Ltd.


View original content with multimedia: http://www.newswire.ca/en/releases/archive/October2017/11/c6830.html

[goldenpolarbear]

StockTrademan, GOLD is still hovering below $1300 USD and Barkerville Gold Mining stocks will handsomely improve once it recovers yet again....

Interesting, when and if Kerr Mines has their AGM on Oct. 24th as mentioned via Sedar with any positive news these stocks should s e r i o u $ l y POP! imho

http://www.investorx.ca/search/00003818/kerr-mines-inc

With an experienced team in place, Kerr Mines implements a strategy to create profits for shareholders.

In the Western United States, and in Arizona in particular, the mining industry is a vibrant and valuable part of the economy and has been for more than a century.

There is an incredible inventory of economic mineral deposits in the rust-colored lands. When combined with pro-mining communities and government, Arizona ranks in the top 10 mining jurisdictions globally. This makes the state a highly attractive location for mining companies to invest.

Claudio Ciavarella knows this all too well. He’s a professional accountant by trade, as well as a private business owner. As a long-time investor in the precious metals space, he has a deep understanding of the mining landscape.

For the past 12 years, Ciavarella has been an investor in Kerr Mines and its Copperstone Project, a high-grade, fully permitted gold deposit. Today, he is the second largest shareholder of the company, and its CEO.

“There are many aspects that make Kerr Mines unique from other junior mining companies,” he shared. “As a private business owner, I know how critical every dollar is to the success of a company.”

A Company in Friendly Hands

In early 2016 the company was facing financial difficulties. At the time, the sector was also suffering and many companies were facing bankruptcy or being sold below book value.

“I decided to become more active in the company,” Ciavarella said. “I met with one of the large shareholders (now the Chairman) and we both agreed that we wanted all the shareholders to participate in the upside of the business rather than see it go into bankruptcy.”

The pair agreed to implement a significant turnaround strategy. They purchased all the debt from the debtholders, injected fresh capital into the business, and in April 2017, Ciavarella took on the position as CEO.

“This decision gave us a lot of credibility in the market,” he commented. “It was definitely a unique approach and one that was not expected. Purchasing and restructuring all the debt significantly de-risked the company as all of the debt moved into friendly hands with long-term maturities.”

This afforded the company with the necessary financial stability to allow the management team to move the Copperstone mine forward and continue creating shareholder value.

The Copperstone Mine

The Copperstone project is a former producing mine with high-grade gold resources defined. When Kerr acquired the asset—which included a land package that is approximately 3,600 hectares—the company’s geologists believed there would be tremendous exploration potential for adding to the existing resource.

As such, the opportunity to continue creating shareholder value through the implementation of its exploration program became a key strategic focus.

Previous drilling efforts from the publically-traded company that owned the Copperstone Project before Kerr indicated that the Copperstone asset is a high-grade gold project. There is 43-101 compliant historical resource of approximately 300,000 ounces with a grade of approximately 10 grams per ton.

“The aspect that creates our confidence as we move forward is the fact that previous drilling on the project has been successful in identifying additional opportunities that were never pursued due to lack of capital, we are pursuing these and other targets to expand our resources,” said Ciavarella.

In addition to the many highly attractive features of this project, which include prior successful production of over 500,000 ounces of gold from the Copperstone zone, an existing resource, a huge land package with tremendous exploration upside, excellent supportive mining jurisdiction, and all permits in place, is the added benefit that all infrastructure required to operate a mine are in place as well.”


https://thebossmagazine.com/mining-industry-kerr-mines/#

StockTradeMan, I wonder if Waterton Global Resource, Barkerville or NewCrest will try to acquire any of Kerr's golden assets while the POG is down?
https://www.watertonglobal.com/login.html

[howestreetbull]

BGMZF BGM.v BGM Intersects 72.23 g/t Au Over 12.05 Metres at Shaft Zone
by @newswire on September 26, 2017
SUBINTERVAL INCLUDES 158.19 G/T AU OVER 5.30 METRES

TORONTO, Sept. 26, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling results from the ongoing 130,000 metre 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 Valley and Shaft Zones with nine drill rigs, while a tenth drill is expanding the known mineralization on the BC Vein. Detailed drilling results, a drill hole location plan map and vertical section 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.

Drillhole Location Map (CNW Group/Barkerville Gold Mines Ltd.)

Highlights:

IM-17-142: 7.54 g/t Au over 14.30 metres
IM-17-142: 10.04 g/t Au over 8.20 metres
IM-17-151: 16.15 g/t Au over 3.55 metres
IM-17-151: 72.23 g/t Au over 12.05 metres
IM-17-152: 20.07 g/t Au over 4.25 metres
Alpha Corridor at Shaft Zone Demonstrates High Gold Tenor

The Company is very pleased to announce the intersection of the highest gold grades encountered at the Shaft Zone to date. Phase II infill drillhole IM-17-151 predictably intersected a modelled veining corridor now referred to as the 'Alpha Corridor', averaging 158.19 g/t Au over 5.30 metres including 750.00 g/t Au over 0.55 metres, 479.00 g/t Au over 0.50 metres and 234.00 g/t Au over 0.60 metres hosted within a larger interval grading 72.23 g/t Au over 12.05 metres. This Phase II drilling result is situated in the Shaft Zone at a vertical depth of 350 metres below surface and correlates spatially with previously reported drillhole IM-17-112 which intersected 11.37 g/t Au over 4.75 metres. The two drillholes are separated by a horizontal distance of 15 metres. This new intersection in the Alpha Corridor remains open for expansion along vein strike to the southwest of IM-17-151.

Development of Other Corridors

Phase II drillhole IM-17-142 intersected 10.04 g/t Au over 8.20 metres at a vertical depth of 350 metres below surface. This pierce point occurs 180 metres down vein dip of previously reported drillhole IM-17-141 which recently discovered a wide zone of veining grading 6.09 g/t Au over 20.40 metres. Situated 50 metres down vein plunge of the new IM-17-142 intersection, formerly disclosed drillhole IM-17-044 intersected two zones within the same corridor grading 21.23 g/t Au over 5.05 metres and 24.70 g/t Au over 6.60 metres.

Shaft Zone - Corridor Discussion

The sandstone hosted veining which constitutes the Alpha Corridor of the Shaft Zone is 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 Alpha Corridor are variable and range from 5 to 35 metres. This corridor, as well as others that are developing in the Shaft and Valley Zones have been defined from surface to a vertical depth of 600 metres and remain open for expansion to depth and down plunge. Drillhole spacing in the Alpha currently averages 25 metres between drilling sections with vertical drilling separations ranging from 20 to 75 metres 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).

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 2,110 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 Information
Neither 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-17-142
32.00
32.60
0.60
23.90
IM-17-142
97.20
111.50
14.30
7.54
INCLUDING
105.90
107.50
1.60
13.90
AND
108.85
109.45
0.60
72.90
AND
111.00
111.50
0.50
54.40
IM-17-142
138.50
140.00
1.50
10.95
IM-17-142
185.50
187.00
1.50
9.82
IM-17-142
395.70
403.90
8.20
10.04
INCLUDING
395.70
396.35
0.65
35.20
AND
401.00
401.85
0.85
14.80
AND
402.50
403.90
1.40
32.60
IM-17-142
418.50
419.25
0.75
9.00
IM-17-142
469.30
469.85
0.55
16.55
IM-17-144
113.10
113.60
0.50
18.35
IM-17-144
322.10
322.60
0.50
11.95
IM-17-144
466.50
467.00
0.50
10.55
IM-17-144
474.45
477.75
3.30
8.04
INCLUDING
474.45
475.25
0.80
7.53
AND
475.25
476.00
0.75
12.55
AND
476.00
476.50
0.50
15.95
IM-17-144
484.60
485.10
0.50
18.50
IM-17-144
499.80
501.80
2.00
8.80
INCLUDING
499.80
500.30
0.50
17.95
IM-17-144
612.40
613.65
1.25
11.25
IM-17-144
651.35
652.10
0.75
10.60
IM-17-144
689.30
689.80
0.50
13.55
IM-17-144
690.45
691.30
0.85
22.00
IM-17-145



ASSAYS PENDING
IM-17-147
283.75
284.35
0.60
21.30
IM-17-147
315.65
316.20
0.55
66.10
IM-17-147
421.30
422.55
1.25
21.70
IM-17-148
135.10
135.65
0.55
9.73
IM-17-148
164.50
165.00
0.50
6.98
IM-17-148
189.80
190.80
1.00
7.45
IM-17-149
308.00
308.50
0.50
19.50
IM-17-149
455.75
456.45
0.70
6.96
IM-17-149
548.70
549.55
0.85
14.60
IM-17-150
18.20
19.00
0.80
28.60
IM-17-150
86.50
90.60
4.10
9.29
INCLUDING
88.00
88.80
0.80
24.50
AND
89.50
90.60
1.10
14.85
IM-17-150
229.25
230.75
1.50
5.33
IM-17-150
232.55
233.60
1.05
5.45
IM-17-150
237.00
237.50
0.50
11.90
IM-17-150
272.20
272.70
0.50
9.96
IM-17-150
299.80
300.80
1.00
14.55
IM-17-150
305.95
306.70
0.75
8.97
IM-17-150
439.15
439.70
0.55
6.16
IM-17-150
443.30
444.00
0.70
52.50
IM-17-150
501.75
504.35
2.60
8.37
INCLUDING
502.80
503.35
0.55
22.40
IM-17-151
16.00
19.55
3.55
16.15
INCLUDING
16.85
17.50
0.65
31.20
AND
18.35
18.85
0.50
67.00
IM-17-151
90.65
93.00
2.35
12.28
INCLUDING
90.65
91.30
0.65
10.85
AND
91.80
92.35
0.55
24.30
AND
92.35
93.00
0.65
12.90
IM-17-151
99.50
100.50
1.00
33.20
IM-17-151
169.70
170.40
0.70
20.10
IM-17-151
172.95
173.60
0.65
10.75
IM-17-151
284.05
284.75
0.70
25.20
IM-17-151
292.00
292.50
0.50
15.75
IM-17-151
307.65
308.15
0.50
30.10
IM-17-151
395.20
407.25
12.05
72.23
INCLUDING
401.95
407.25
5.30
158.19
INCLUDING
401.95
402.50
0.55
750.00
AND
402.50
403.00
0.50
479.00
AND
403.00
403.60
0.60
234.00
AND
403.60
404.30
0.70
9.67
AND
404.30
405.00
0.70
14.75
AND
405.00
405.50
0.50
14.75
AND
406.25
407.25
1.00
18.25
IM-17-151
478.00
479.00
1.00
9.81
IM-17-151
540.50
542.00
1.50
9.42
IM-17-152
9.00
9.50
0.50
18.75
IM-17-152
30.40
31.70
1.30
38.50
INCLUDING
30.40
31.00
0.60
16.45
AND
31.00
31.70
0.70
57.40
IM-17-152
58.85
59.50
0.65
31.60
IM-17-152
114.50
115.15
0.65
22.40
IM-17-152
141.75
146.00
4.25
20.07
INCLUDING
142.70
143.50
0.80
78.60
AND
143.50
144.00
0.50
20.60
IM-17-152
266.00
267.00
1.00
8.24
IM-17-152
361.50
366.00
4.50
8.13
INCLUDING
361.50
362.00
0.50
28.80
AND
362.70
363.50
0.80
11.85
AND
365.20
366.00
0.80
10.75
IM-17-153
29.90
30.40
0.50
31.10
IM-17-153
30.90
31.55
0.65
42.00
IM-17-153
76.70
78.00
1.30
17.60
IM-17-153
183.95
186.50
2.55
35.89
INCLUDING
184.85
185.40
0.55
51.50
AND
185.40
186.00
0.60
94.60
IM-17-153
242.60
243.90
1.30
11.90
IM-17-153-1
360.00
360.90
0.90
13.70
IM-17-153-1
364.50
365.00
0.50
12.45
IM-17-153-1
389.35
390.20
0.85
9.09


True widths cannot be accurately determined from the information available therefore core lengths are reported. Rock not recovered by drilling was assigned zero grade. Top cuts have not been applied to high grade assays.

Table 2: Drillhole Collar Orientations:

HOLE-ID
AZIMUTH
DIP
IM-17-142
146.20
-63.90
IM-17-144
130.20
-45.50
IM-17-147
136.70
-45.00
IM-17-148
140.20
-50.70
IM-17-149
140.80
-65.20
IM-17-150
136.40
-44.80
IM-17-151
138.40
-64.70
IM-17-152
140.80
-44.50
IM-17-153
142.60
-64.00
IM-17-153-1
142.60
-64.00



Alpha Corridor Longitudinal Section (CNW Group/Barkerville Gold Mines Ltd.)

Island Mountain Vertical Section - Shaft Zone (CNW Group/Barkerville Gold Mines Ltd.)

Barkerville Gold Mines Ltd. (CNW Group/Barkerville Gold Mines Ltd.)

SOURCE Barkerville Gold Mines Ltd.


View original content with multimedia: http://www.newswire.ca/en/releases/archive/September2017/26/c1448.html

[howestreetbull]

BGMZF BGM.v BGM Intersects 17.45 g/t Au Over 8.60 Metres at Shaft Zone
by @newswire on September 14, 2017

Expansion Drilling Intersects 7.09 g/t Au Over 34.30 Metres at Depth

TORONTO, Sept. 14, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce that additional drilling results from the ongoing 130,000 metre Phase II Island Mountain exploration and infill drilling program at the Company's flagship Cariboo Gold Project has expanded a veining corridor at depth in the Shaft Zone. The Company is currently exploring and delineating the Valley and Shaft Zones with nine drill rigs, while drill ten is expanding the known mineralization on the BC Vein. Detailed drilling results, a drill hole location plan map and vertical section 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.

Drillhole Location Map (CNW Group/Barkerville Gold Mines Ltd.)

Highlights:

IM-17-123: 5.76 g/t Au over 20.30 metres
IM-17-140: 16.79 g/t Au over 4.00 metres
IM-17-141: 6.09 g/t Au over 20.40 metres
IM-17-141: 11.17 g/t Au over 3.40 metres
IM-17-143: 7.09 g/t Au over 34.30 metres
IM-17-146: 17.45 g/t Au over 8.60 metres
Drilling Expands Shaft Zone Corridors to Depth

The Company is pleased to report that Phase II step-out drillhole IM-17-143 has expanded to depth one of the Shaft Zone veining corridors intersecting 7.09 g/t Au over 34.30 metres at a vertical depth of 425 metres below surface. This occurrence is located 50 metres downdip of recently reported drillhole IM-17-131 which averaged 53.26 g/t Au over 11.55 metres, 390 metres vertically below surface and represents an area at depth open for immediate expansion.

Located in the southeastern portion of the Shaft Zone at a vertical depth of 300 metres below surface, IM-17-146 has discovered another new occurrence of high tenor veining grading 17.45 g/t Au over 8.60 metres. Again, this new area is open for expansion along vein strike and to depth due to the scarcity of drilling in this area.

"The Phase II drilling program at Island Mountain continues to yield strong results with respect to expanding upon the sizeable, high tenor vein corridors that are potentially amenable to bulk underground mining methods", remarked Paul Geddes, P.Geo, the Company's Vice President of Exploration. "As we continue to infill the Shaft Zone and expand the known corridors, we are not only demonstrating the continuity but the size of this impressive gold system."

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).

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 2,110 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 Information

Neither 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-17-123
69.25
69.75
0.50
30.00
IM-17-123
86.65
88.00
1.35
28.90
IM-17-123
415.50
418.50
3.00
25.20
INCLUDING
416.00
416.75
0.75
45.70
AND
416.75
417.30
0.55
12.00
AND
417.30
417.85
0.55
61.40
IM-17-123
438.95
439.45
0.50
11.05
IM-17-123
534.50
554.80
20.30
5.76
INCLUDING
542.00
543.05
1.05
24.80
AND
543.80
545.10
1.30
45.30
IM-17-123
565.50
566.40
0.90
15.60
IM-17-123
580.25
580.95
0.70
17.00
IM-17-123
584.00
585.00
1.00
11.65
IM-17-123
629.00
630.00
1.00
15.65
IM-17-123
633.00
633.65
0.65
9.70
IM-17-140
105.00
105.50
0.50
30.80
IM-17-140
208.50
209.70
1.20
38.00
IM-17-140
372.00
376.00
4.00
16.79
INCLUDING
372.85
373.65
0.80
38.00
AND
373.65
374.50
0.85
40.70
IM-17-140
433.00
434.10
1.10
23.50
IM-17-141
107.00
115.20
8.20
6.08
INCLUDING
107.00
107.50
0.50
51.60
AND
112.00
112.50
0.50
11.95
IM-17-141
139.20
141.20
2.00
32.51
INCLUDING
139.20
140.00
0.80
27.40
AND
140.00
140.70
0.70
61.40
IM-17-141
150.30
151.80
1.50
26.00
INCLUDING
150.30
150.90
0.60
43.70
AND
150.90
151.80
0.90
14.20
IM-17-141
166.50
167.00
0.50
8.27
IM-17-141
197.30
200.70
3.40
11.17
INCLUDING
197.30
198.80
1.50
11.60
AND
200.00
200.70
0.70
25.90
IM-17-141
224.50
244.90
20.40
6.09
INCLUDING
224.50
225.20
0.70
10.80
AND
231.75
232.80
1.05
80.40
AND
239.70
240.50
0.80
16.35
AND
241.80
242.40
0.60
8.60
IM-17-141
254.80
258.95
4.15
8.83
INCLUDING
254.80
255.30
0.50
9.55
AND
255.30
256.20
0.90
17.35
AND
258.30
258.95
0.65
24.40
IM-17-141
385.13
385.90
0.77
11.20
IM-17-141
413.05
414.05
1.00
7.64
IM-17-142



ASSAYS PENDING
IM-17-143
274.50
276.00
1.50
6.26
IM-17-143
389.00
390.40
1.40
8.86
IM-17-143
396.70
397.50
0.80
16.85
IM-17-143
431.35
431.90
0.55
5.65
IM-17-143
436.45
437.00
0.55
25.50
IM-17-143
437.00
437.50
0.50
9.70
IM-17-143
461.00
495.30
34.30
7.09
INCLUDING
461.00
462.10
1.10
36.60
AND
462.10
462.65
0.55
16.80
AND
472.90
474.20
1.30
61.50
AND
477.45
478.00
0.55
8.68
AND
480.10
480.80
0.70
12.45
AND
482.10
483.00
0.90
17.90
AND
486.50
487.45
0.95
13.85
AND
489.80
491.00
1.20
18.35
AND
491.00
491.65
0.65
11.20
IM-17-143
613.70
614.50
0.80
83.20
IM-17-144



ASSAYS PENDING
IM-17-145



ASSAYS PENDING
IM-17-146
52.20
54.90
2.70
21.27
INCLUDING
52.20
52.90
0.70
10.30
AND
52.90
54.00
1.10
45.40
IM-17-146
173.30
174.20
0.90
23.10
IM-17-146
259.00
260.15
1.15
10.20
IM-17-146
340.25
341.55
1.30
12.28
IM-17-146
349.70
350.20
0.50
54.50
IM-17-146
436.50
437.05
0.55
8.28
IM-17-146
457.00
457.50
0.50
9.58
IM-17-146
484.00
484.75
0.75
7.87
IM-17-146
485.90
486.65
0.75
8.31
IM-17-146
523.35
531.95
8.60
17.45
INCLUDING
523.35
523.85
0.50
34.60
AND
523.85
524.50
0.65
11.30
AND
524.50
525.30
0.80
25.60
AND
525.30
526.05
0.75
98.00
AND
526.90
527.50
0.60
21.30
AND
531.40
531.95
0.55
30.60


True widths cannot be accurately determined from the information available therefore core lengths are reported. Rock not recovered by drilling was assigned zero grade. Top cuts have not been applied to high grade assays.

Table 2: Drillhole Collar Orientations:

HOLE-ID
AZIMUTH
DIP
IM-17-140
140.40
-65.20
IM-17-143
129.70
-63.50
IM-17-146
138.40
-55.50
IM-17-123
127.40
-65.10
IM-17-141
145.40
-46.40

Island Mountain Vertical Section - Shaft Zone (CNW Group/Barkerville Gold Mines Ltd.)

Barkerville Gold Mines Ltd. (CNW Group/Barkerville Gold Mines Ltd.)

SOURCE Barkerville Gold Mines Ltd.


View original content with multimedia: http://www.newswire.ca/en/releases/archive/September2017/14/c4131.html

[howestreetbull]

BGMZF BGM.v BGM Discovers 53.26 g/t Au Over 11.55 Metres at Shaft Zone
by @newswire on September 6, 2017
INFILL DRILLING INTERSECTS 12.85 G/T AU OVER 20.00 METRES

TORONTO, Sept. 6, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce that additional drilling results from the ongoing 130,000 metre Phase II Island Mountain exploration and infill drilling program at the Company's flagship Cariboo Gold Project have confirmed short range continuity of the vein systems and expanded a veining corridor at depth in the Shaft Zone. The Company is currently exploring and delineating the Valley and Shaft Zones with nine drill rigs, while drill ten is expanding the known mineralization on the BC Vein. Detailed drilling results, a drill hole location plan map and vertical section are presented at the end of this release.

Drillhole Location Map (CNW Group/Barkerville Gold Mines Ltd.)

Phase II Infill Drilling Intersects Additional Mineralization

A previously unidentified corridor of high tenor veining has been discovered in Phase II drillhole
IM-17-131 which intersected 53.26 g/t Au over 11.55 metres in the Shaft Zone at a vertical depth of 400 metres below surface. This infill drilling discovery is situated 12 metres below drillhole IM-17-138. Further downhole, IM-17-131 also intersected 12.85 g/t Au over 20.00 metres which correlates spatially very well with IM-17-138 having intersected 6.67 g/t Au over 17.10 metres. These new intersections are situated proximal to previously reported drillholes IM-17-124, 18.84 g/t Au over 30.85 metres and IM-17-078, 11.42 g/t Au over 28.55 metres. Additional new mineralization was also discovered by IM-17-138 grading 9.18 g/t Au over 7.40 metres at a vertical depth of 600 metres below surface. These wide corridors of sandstone hosted veining are open for expansion in all directions.

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).

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 2,110 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 Information
Neither 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 Phase II drillholes:

HOLE-ID
FROM (M)
TO (M)
CORE LENGTH (M)
AU (G/T)
IM-17-127
197.95
198.50
0.55
12.60
IM-17-127
198.50
199.00
0.50
8.54
IM-17-127
203.60
204.10
0.50
19.20
IM-17-127
342.35
342.85
0.50
15.15
IM-17-127
350.75
351.45
0.70
8.27
IM-17-127
427.80
430.50
2.70
8.58
INCLUDING
428.35
428.85
0.50
10.25
AND
429.95
430.50
0.55
22.60
IM-17-127
442.05
443.10
1.05
12.10
IM-17-127
446.60
447.10
0.50
10.95
IM-17-131
242.10
244.00
1.90
25.17
INCLUDING
242.10
243.00
0.90
15.25
AND
243.00
243.50
0.50
62.70
IM-17-131
262.90
263.90
1.00
9.66
IM-17-131
331.10
332.00
0.90
33.60
IM-17-131
355.90
356.40
0.50
53.70
IM-17-131
426.00
437.55
11.55
53.26
INCLUDING
430.10
430.60
0.50
27.70
AND
431.60
432.30
0.70
127.50
AND
432.30
433.50
1.20
245.00
AND
434.70
435.20
0.50
92.80
AND
435.20
435.95
0.75
189.00
IM-17-131
473.00
473.50
0.50
11.00
IM-17-131
494.60
514.60
20.00
12.85
INCLUDING
494.60
495.10
0.50
10.20
AND
496.60
497.25
0.65
17.50
AND
497.25
498.00
0.75
16.65
AND
498.00
499.30
1.30
24.80
AND
499.30
500.30
1.00
46.50
AND
510.95
511.85
0.90
76.80
AND
513.50
514.00
0.50
41.80
AND
514.00
514.60
0.60
85.40
IM-17-131
574.90
579.35
4.45
20.18
INCLUDING
574.90
575.40
0.50
11.10
AND
576.00
576.50
0.50
90.30
AND
576.50
577.85
1.35
13.40
AND
578.80
579.35
0.55
35.40
IM-17-138
69.10
69.80
0.70
30.00
IM-17-138
89.00
90.50
1.50
8.33
IM-17-138
481.50
498.60
17.10
6.67
INCLUDING
482.00
482.70
0.70
47.60
AND
487.20
488.45
1.25
18.80
AND
488.45
489.30
0.85
8.46
AND
494.30
495.00
0.70
8.12
AND
497.40
498.10
0.70
59.10
IM-17-138
541.10
545.55
4.45
9.91
INCLUDING
541.10
542.20
1.10
28.30
AND
542.20
543.20
1.00
7.64
IM-17-138
667.20
674.60
7.40
9.18
INCLUDING
670.90
671.50
0.60
49.60
AND
671.50
672.70
1.20
19.45
IM-17-138
680.10
681.00
0.90
33.70
IM-17-139
40.80
43.50
2.70
13.84
INCLUDING
40.80
42.12
1.32
23.80
IM-17-139
63.28
64.00
0.72
10.20
IM-17-139
387.00
388.50
1.50
10.25
INCLUDING
387.00
387.50
0.50
20.00
AND
388.00
388.50
0.50
9.22
IM-17-139
398.00
399.00
1.00
60.90
IM-17-139
402.50
403.10
0.60
7.70
IM-17-139
417.00
420.00
3.00
72.34
INCLUDING
417.00
417.50
0.50
214.00
AND
418.00
419.00
1.00
105.50
IM-17-139
429.00
432.00
3.00
8.46
INCLUDING
431.30
432.00
0.70
33.70
IM-17-139
441.00
442.00
1.00
9.79

True widths cannot be accurately determined from the information available therefore core lengths are reported. Rock not recovered by drilling was assigned zero grade. Top cuts have not been applied to high grade assays.


Table 2: Drillhole Collar Orientations:

HOLE-ID
AZIMUTH
DIP
IM-17-127
138.00
-65.40
IM-17-131
136.20
-63.60
IM-17-138
130.90
-64.20
IM-17-139
135.90
-45.20



Island Mountain Vertical Section - Shaft Zone (CNW Group/Barkerville Gold Mines Ltd.)

Barkerville Gold Mines Ltd. (CNW Group/Barkerville Gold Mines Ltd.)

SOURCE Barkerville Gold Mines Ltd.


View original content with multimedia: http://www.newswire.ca/en/releases/archive/September2017/06/c3942.html

[howestreetbull]

BGMZF Barkerville Gold Mines Ltd. Announces $7 Million Increase to Previously Announced "Bought Deal" Private Placement
V.BGM | 3 days ago
Canada NewsWire

TORONTO, Sept. 1, 2017

Upsized Offering to Include 8,750,000 Common Shares and, as Initially Announced, 25,000,000 Flow-Through Shares for Aggregate Gross Proceeds of $35 Million

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

Trading Symbol: TSXV: BGM

TORONTO, Sept. 1, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV:BGM) ("Barkerville" or the "Corporation") is pleased to announce that it has amended its agreement with Canaccord Genuity Corp., on behalf of a syndicate of underwriters (collectively the "Underwriters") in relation to its previously announced "bought deal" private placement of 25,000,000 common shares of the Corporation that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) ("Flow-Through Shares") at a price of $1.12 per Flow-Through Share (the "Offering"). The Offering has been amended to include an additional 8,750,000 common shares of the Corporation ("Common Shares") at a price of $0.80 per Common Share for additional gross proceeds of $7,000,000. The terms of the previously announced private placement financing of Flow-Through Shares remain unchanged.

The Offering is expected to close on or about September 28, 2017 and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional listing approval of the TSX Venture Exchange and the applicable securities regulatory authorities. The Offering is being made by way of private placement in Canada and pursuant to available exemptions under applicable securities laws in such other jurisdictions as may be agreed between the Corporation and the Underwriters. The securities issued under the Offering will be subject to a hold period expiring four months and one day from the closing date of the Offering. The Offering is subject to final acceptance of the TSX Venture Exchange.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Barkerville Gold Mines Ltd.

The Corporation is focused on developing its extensive land package located in the historical Cariboo Mining District of central British Columbia. Barkerville's mineral tenures cover 2,110 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 Corporation has completed several drilling and exploration programs over the past 20 years and has compiled this data with all historical information in order to 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 Information

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. 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 Corporation's objectives, goals or future plans; statements regarding the Offering; the use of proceeds of the Offering; the timing and ability of the Corporation to complete the Offering, if at all; the jurisdictions in which the Flow-Through Shares and Common Shares will be offered and sold; 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, risks relating to the Offering; volatility in the trading price of common shares of the Corporation; risks relating to the ability of the Corporation to obtain required approvals, complete definitive documentation and complete the Offering on the terms announced; 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; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation's public documents filed on SEDAR. Although the Corporation 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 Corporation 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.

SOURCE Barkerville Gold Mines Ltd.

image: https://rt.newswire.ca/rt.gif?NewsItemId=C1661&Transmission_Id=201709011231CANADANWCANADAPR_C1661&DateId=20170901


View original content: http://www.newswire.ca/en/releases/archive/September2017/01/c1661.html

Tags:
GOLD

Read more at http://www.stockhouse.com/news/press-releases/2017/09/01/barkerville-gold-mines-ltd-announces-7-million-increase-to-previously-announced#WjTqT7qtssSeBdot.99

[howestreetbull]

BGMZF BGM.v Barkerville Gold Mines Ltd. Announces $28,000,000 Bought Deal Flow-Through Equity Financing
V.BGM | 3 days ago
Canada NewsWire

TORONTO, Sept. 1, 2017

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

Trading Symbol: TSXV: BGM

TORONTO, Sept. 1, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV:BGM) ("Barkerville" or the "Corporation") is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp., on behalf of a syndicate of underwriters (collectively the "Underwriters"), whereby the Underwriters have agreed to purchase, on a "bought deal" private placement basis, 25,000,000 common shares of the Corporation that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) ("Flow-Through Shares") at a price of $1.12 per Flow-Through Share (the "Issue Price") for gross proceeds of $28,000,000 (the "Offering"). The Issue Price represents an approximate 24% premium to the closing price of common shares of the Corporation on the TSX Venture Exchange (the "TSXV") on August 31, 2017 and an approximate 29% premium to the volume weighted average price of common shares of the Corporation on the TSXV over the last five trading days.

The Corporation will use the gross proceeds of Offering to fund the exploration and development of Barkerville's Cariboo Gold Project in central British Columbia, which expenditures will qualify as "flow-through mining expenditures" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) (the "Qualifying Expenditures"). The Qualifying Expenditures will be renounced to the subscribers of Flow-Through Shares with an effective date of no later than December 31, 2017 and in an aggregate amount of not less than the gross proceeds of the Offering.

The Offering is expected to close on or about September 28, 2017 and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional listing approval of the TSXV and the applicable securities regulatory authorities. The Offering is being made by way of private placement in Canada. The securities will not be offered or sold in the United States. The securities issued under the Offering will be subject to a hold period expiring four months and one day from the closing date of the Offering. The Offering is subject to final acceptance of the TSX Venture Exchange.

About Barkerville Gold Mines Ltd.

The Corporation is focused on developing its extensive land package located in the historical Cariboo Mining District of central British Columbia. Barkerville's mineral tenures cover 2,110 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 Corporation 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 Information

Neither the 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 Corporation's objectives, goals or future plans; statements regarding the Offering; the use of proceeds of the Offering; the timing and ability of the Corporation to complete the Offering, if at all; the jurisdictions in which the Flow-Through Shares will be offered and sold; 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, risks relating to the Offering; volatility in the trading price of common shares of the Corporation; risks relating to the ability of the Corporation to obtain required approvals, complete definitive documentation and complete the Offering on the terms announced; 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; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation's public documents filed on SEDAR. Although the Corporation 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 Corporation 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.

SOURCE Barkerville Gold Mines Ltd.

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Tags:
GOLD

Read more at http://www.stockhouse.com/news/press-releases/2017/09/01/barkerville-gold-mines-ltd-announces-28-000-000-bought-deal-flow-through-equity#jAADhdDlXQqVF4rp.99

[howestreetbull]

BGMZF BGM.v Barkerville Enters into Relationship Agreement with the Soda Creek Indian Band
V.BGM | 1 hour ago
Canada NewsWire

TORONTO, Aug. 30, 2017

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

Trading Symbol: TSXV: BGM

TORONTO, Aug. 30, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV:BGM) ("Barkerville" or the "Corporation") is pleased to announce that it has entered into an interim relationship agreement (the "Relationship Agreement") with the Soda Creek Indian Band ("Xatsull"). Pursuant to the terms of the Relationship Agreement, both parties have committed to maintaining an ongoing relationship with respect to the Corporation's exploration and short term mining activities on its Cariboo Gold Project, located in the Xatsull stewardship area. The intent of the Relationship Agreement is to establish a mutually-beneficial and cooperative foundation for the development of a long-term relationship between the Xatsull First Nation and Barkerville. The agreement establishes a framework under which Barkerville and Xatsull can benefit from training, ongoing communication on stewardship and opportunities for businesses within the community to participate in the exploration activities and operations of the Corporation. Under the terms of the Relationship Agreement, Xatsull and Barkerville have further agreed to commence negotiations on an extension to the Relationship Agreement, or a longer term and more comprehensive relationship agreement.

Issuance of Shares to the Lhtako Dene First Nation

On August 18, 2017, pursuant to the terms of a relationship agreement entered into among the Lhtako Dene First Nation and Barkerville as announced on November 17, 2016, Barkerville issued an aggregate of 400,000 common shares of the Corporation (the "Common Shares") to the Lhtako Dene First Nation. The issuance of Common Shares represents a continued commitment on the part of Barkerville to create a positive and mutually beneficially relationship between the Lhtako Dene First Nation and Barkerville. The Common Shares issued to the Lhtako Dene First Nation pursuant to the relationship agreement are subject to a four month hold period, which will expire on December 18, 2017.

Purchase of Property

On August 1, 2017, the Corporation completed the acquisition of certain real estate with an office building in Wells, British Columbia to support growing infrastructure requirements of the Cariboo Gold Project. In accordance with part of the purchase agreement the vendor will be issued 50,000 Common Shares (having a value of $41,000 on the date of issuance). The Common Shares issued in connection with this acquisition are subject to a four month hold period, which will expire on December 1, 2017.

Appointment of Corporate Secretary

On August 25, 2017, the Corporation appointed Claire Lehan as Corporate Secretary. Ms. Lehan is a law graduate of Western University and currently practices corporate and securities law at Bennett Jones LLP.

Cautionary Statement on Forward-Looking Information

Neither 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 Corporation's objectives, goals or future plans 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 Corporation's public documents filed on SEDAR. Although the Corporation 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 Corporation 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.

SOURCE Barkerville Gold Mines Ltd.

image: https://rt.newswire.ca/rt.gif?NewsItemId=C7695&Transmission_Id=201708300800CANADANWCANADAPR_C7695&DateId=20170830


View original content: http://www.newswire.ca/en/releases/archive/August2017/30/c7695.html

Tags:
GOLD

Read more at http://www.stockhouse.com/news/press-releases/2017/08/30/barkerville-enters-into-relationship-agreement-with-the-soda-creek-indian-band#iIJk3PjK5zyFmM8x.99

[howestreetbull]

BGMZF BGM Intersects 14.03 g/t Au Over 10.55 Metres at Shaft Zone
by @newswire on August 29, 2017
NEW FOOTWALL EXTENSION GRADES 48.07 G/T AU OVER 4.10 METRES

TORONTO, Aug. 29, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is very pleased to announce that additional drilling results from the ongoing 130,000 metre Phase II Island Mountain exploration drilling program at the Company's flagship Cariboo Gold Project have confirmed short range continuity of the vein systems and expanded a veining corridor at depth in the Shaft Zone. The Company is currently exploring and delineating the Valley and Shaft Zones with eight drill rigs, while a ninth drill rig is testing a broad gold in soil anomaly on Barkerville Mountain. Drill ten is currently expanding the known mineralization on the BC Vein. Detailed drilling results, a drill hole location plan map, vertical section and longitudinal section are presented at the end of this release.

Drillhole Location Map (CNW Group/Barkerville Gold Mines Ltd.)

Shaft Zone Footwall Mineralization Expanded

Drillhole IM-17-132 has extended the shallow footwall extents of the vein-hosting sandstone package through the intersection of new veining grading 48.07 g/t Au over 4.10 metres at a vertical depth of 90 metres below surface. This new intersection represents the up-dip extension of mineralization intersected by previously reported Phase II drillhole IM-17-101 which discovered two significant veining corridors grading 13.31 g/t Au over 11.00 metres and 7.60 g/t Au over 11.75 metres at vertical depths of 180 metres and 250 metres respectively. This footwall portion of the Shaft Zone is sparsely drilled and is open for expansion in all directions.

Infill Drilling Discovers New Veining

Averaging 14.03 g/t Au over 10.55 metres at a vertical depth of 150 metres in the Shaft Zone, Phase II infill drillhole IM-17-128 intersected new veining in an area that was formerly believed to be closed off by Phase I drilling. At an average vertical depth of 410 metres below surface, infill drillhole IM-17-130 intersected three veining corridors grading 12.39 g/t Au over 8.85 metres, 6.54 g/t Au over 8.50 metres followed by 10.38 g/t over 9.50 metres. These new occurrences are situated 20 metres southwest along vein strike of previously reported drillhole IM-17-104 which intersected 11.93 g/t Au over 7.15 metres. The lack of drilling below these intersections allows for downdip expansion.

"Drilling on Island Mountain again identifies new vein corridors and extensions to previously discovered mineralized zones," noted Chris Lodder, President and CEO of BGM. "With the large number of mineralized occurrences identified to date, the Exploration team is now working with our Operations and Environmental Departments on a development plan and permitting to gain new underground access to Island Mountain, the Valley Zone and Cow Mountain. This access will be advanced over the next few years and allow for more efficient exploration, assist with feasibility level work requirements and reduce surface disturbances. In the meantime, drilling from surface will continue at a rate of at least 120,000 m per year."

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).

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 2,110 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 Information

Neither 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 Phase II drillholes:

HOLE-ID
FROM (M)
TO (M)
CORE LENGTH (M)
AU (G/T)
CM-17-063
78.60
79.25
0.65
8.73
CM-17-063
212.00
212.65
0.65
8.78
CM-17-063
333.60
334.35
0.75
34.80
CM-17-063
371.85
377.40
5.55
7.50
INCLUDING
371.85
372.35
0.50
9.06
AND
372.35
372.85
0.50
21.10
AND
372.85
373.35
0.50
45.20
CM-17-064
76.90
77.40
0.50
13.70
CM-17-064
81.90
82.75
0.85
31.10
CM-17-064
151.70
156.10
4.40
16.44
INCLUDING
151.70
152.55
0.85
53.40
AND
153.10
153.60
0.50
24.00
AND
155.60
156.10
0.50
25.20
CM-17-064
289.00
289.70
0.70
15.35
CM-17-064
290.20
291.00
0.80
7.17
CM-17-064
300.50
301.00
0.50
10.65
CM-17-064
321.80
330.70
8.90
9.01
INCLUDING
321.80
322.30
0.50
13.60
AND
325.30
325.80
0.50
14.85
AND
325.80
326.85
1.05
38.70
AND
326.85
327.35
0.50
25.60
AND
330.10
330.70
0.60
19.55
CM-17-064
378.70
379.35
0.65
13.35
CM-17-064
389.15
389.95
0.80
14.95
CM-17-064
598.60
599.10
0.50
17.45
CM-17-065
100.30
100.95
0.65
7.17
CM-17-065
145.70
146.55
0.85
8.66
CM-17-065
169.50
170.00
0.50
13.75
IM-17-122
541.70
542.20
0.50
11.10
IM-17-122
592.15
595.25
3.10
8.26
INCLUDING
593.00
593.70
0.70
14.95
AND
594.55
595.25
0.70
14.35
IM-17-123



ASSAYS PENDING
IM-17-125
417.45
418.25
0.80
8.94
IM-17-125
626.00
629.45
3.45
16.20
INCLUDING
626.00
626.70
0.70
7.40
AND
626.70
627.75
1.05
7.74
AND
628.70
629.45
0.75
56.80
IM-17-125
641.50
642.00
0.50
26.90
IM-17-125
645.00
645.75
0.75
16.00
IM-17-125
647.30
648.00
0.70
8.85
IM-17-125
650.00
650.80
0.80
15.85
IM-17-126
175.60
176.30
0.70
11.20
IM-17-126
178.50
179.15
0.65
7.10
IM-17-126
325.40
325.90
0.50
11.00
IM-17-126
348.00
348.50
0.50
32.60
IM-17-126
350.85
351.45
0.60
10.50
IM-17-126
355.00
360.60
5.60
12.49
INCLUDING
355.80
356.30
0.50
9.90
AND
356.30
357.50
1.20
21.30
AND
357.50
358.10
0.60
32.60
AND
358.10
358.90
0.80
23.30
IM-17-126
370.00
370.50
0.50
33.60
IM-17-126
464.50
465.50
1.00
26.60
IM-17-126
484.30
484.80
0.50
35.30
IM-17-126
495.25
496.00
0.75
20.30
IM-17-127



ASSAYS PENDING
IM-17-128
144.30
144.90
0.60
8.01
IM-17-128
194.00
194.50
0.50
10.65
IM-17-128
207.10
217.65
10.55
14.03
INCLUDING
211.85
212.65
0.80
59.60
AND
213.85
214.60
0.75
119.50
IM-17-128
236.80
237.30
0.50
14.45
IM-17-128
241.85
242.35
0.50
11.95
IM-17-128
250.30
251.45
1.15
14.95
IM-17-128
297.25
298.20
0.95
10.20
IM-17-128
305.50
306.00
0.50
18.50
IM-17-128
446.30
447.10
0.80
8.37
IM-17-129
60.50
61.00
0.50
53.90
IM-17-129
122.50
123.00
0.50
7.75
IM-17-129
125.20
125.80
0.60
9.10
IM-17-129
174.30
175.35
1.05
8.39
IM-17-129
302.40
303.30
0.90
17.75
IM-17-129
335.35
336.00
0.65
17.00
IM-17-129
408.80
410.40
1.60
8.91
INCLUDING
409.30
409.85
0.55
14.05
AND
409.85
410.40
0.55
8.10
IM-17-129
440.00
440.50
0.50
15.15
IM-17-129
470.65
471.15
0.50
16.40
IM-17-130
99.65
100.15
0.50
69.60
IM-17-130
422.90
423.70
0.80
14.25
IM-17-130
449.70
450.30
0.60
43.00
IM-17-130
479.85
480.65
0.80
85.70
IM-17-130
577.65
586.50
8.85
12.39
INCLUDING
577.65
578.50
0.85
16.00
AND
585.45
586.50
1.05
81.40
IM-17-130
617.10
625.60
8.50
6.54
INCLUDING
621.90
622.80
0.90
9.68
AND
624.80
625.60
0.80
46.30
IM-17-130
638.10
647.60
9.50
10.38
INCLUDING
645.30
646.00
0.70
88.80
AND
646.60
647.60
1.00
17.40
IM-17-131



ASSAYS PENDING
IM-17-132
165.90
170.00
4.10
48.07
INCLUDING
165.90
166.60
0.70
277.00
IM-17-133
227.10
228.00
0.90
13.25
IM-17-133
231.80
232.50
0.70
8.42
IM-17-133
251.40
252.10
0.70
10.95
IM-17-134
20.65
21.40
0.75
20.40
IM-17-134
69.90
70.50
0.60
10.25
IM-17-134
262.00
269.00
7.00
11.29
INCLUDING
262.00
263.00
1.00
19.20
AND
263.00
264.00
1.00
27.20
AND
264.00
265.00
1.00
16.15
IM-17-134
304.40
312.50
8.10
4.36
INCLUDING
305.00
306.00
1.00
7.31
AND
310.10
311.00
0.90
9.62
IM-17-134
332.70
333.60
0.90
14.05
IM-17-134
332.70
342.50
9.80
4.49
INCLUDING
332.70
333.60
0.90
14.05
AND
341.75
342.50
0.75
24.40
IM-17-135
293.00
296.20
3.20
13.78
INCLUDING
293.00
293.70
0.70
32.90
AND
294.35
295.40
1.05
16.05
IM-17-136
65.00
66.50
1.50
8.23
IM-17-137
60.25
60.95
0.70
9.30
IM-17-137
250.75
251.50
0.75
19.10
True widths cannot be accurately determined from the information available therefore core lengths are reported. Rock not recovered by drilling was assigned zero grade. Top cuts have not been applied to high grade assays.

Table 2: Drillhole Collar Orientations:

HOLE-ID
AZIMUTH
DIP
CM-17-063
309.70
-48.20
CM-17-064
312.00
-45.00
CM-17-065
313.30
-58.70
IM-17-122
128.30
-45.30
IM-17-125
127.80
-65.00
IM-17-126
138.20
-44.20
IM-17-128
139.80
-42.50
IM-17-129
144.60
-62.90
IM-17-130
135.60
-44.70
IM-17-132
139.60
-44.80
IM-17-133
141.40
-63.90
IM-17-134
139.60
-45.00
IM-17-135
142.10
-63.70
IM-17-136
142.10
-64.20
IM-17-137
144.90
-64.70



Island Mountain Vertical Section (CNW Group/Barkerville Gold Mines Ltd.)

Barkerville Gold Mines Ltd. (CNW Group/Barkerville Gold Mines Ltd.)

SOURCE Barkerville Gold Mines Ltd.


View original content with multimedia: http://www.newswire.ca/en/releases/archive/August2017/29/c1485.html

[howestreetbull]

BGMZF BGM Intersects 18.84 g/t Au Over 30.85 Metres at Shaft Zone
by @newswire on August 9, 2017

NEW EXPANSION AT DEPTH GRADES 12.76 G/T AU OVER 25.40 METRES

TORONTO, Aug. 9, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce that additional drilling results from the ongoing 130,000 metre Phase II Island Mountain exploration drilling program at the Company's flagship Cariboo Gold Project have confirmed short range continuity of the vein systems and expanded a veining corridor at depth in the Shaft Zone. The Company is currently exploring and delineating the Valley and Shaft Zones with seven drill rigs, while an eighth drill rig is testing a broad gold in soil anomaly on Barkerville Mountain. Given the continued drilling success at the project, the Company has ordered two additional drill rigs for early August 2017 bringing the total number of operating rigs to ten. Detailed drilling results, a drill hole location plan map, vertical section and longitudinal section are presented at the end of this release.

Short Range Continuity Confirmed in Shaft Zone

The Company is very pleased to announce that Phase II drillhole IM-17-024 has successfully demonstrated and enhanced the short-range grade continuity and width of one of the numerous Shaft Zone veining corridors via the intersection of 18.84 g/t Au over 30.85 metres. This intensely veined and silica altered sandstone hosted zone occurs 20 metres vertically below previously reported drillhole IM-17-078 which intersected 11.42 g/t Au over 28.55 metres at a vertical depth of 450 metres below surface. Because these stand-alone drill holes constitute only two intercepts that cannot be confidently corroborated by additional drill hole pierce points, the geometry and hence true width of the potential mineralized zone cannot be assuredly concluded at this time.

New Shaft Zone High Tenor Veining Corridors Intersected at Depth

Approximately nineteen metres down hole from the above stated intersection a second zone grading 7.88 g/t Au over 7.70 metres was encountered followed by another high tenor zone fifty-five metres further downhole in drillhole IM-17-124. This third veining corridor was intersected grading 12.76 g/t Au over 25.40 metres at a vertical depth of 540 metres below surface and is to date the deepest veining discovered in the Shaft Zone. As such, this new occurrence is open for expansion and is supported by previously reported drillhole IM-17-097 which intersected analogous veining grading 40.19 g/t Au over 3.10 metres, 39.05 g/t Au over 8.25 metres and 10.34 g/t Au over 4.50 metres at vertical depth of 480 metres below surface. Drillhole IM-17-097 is located 50 metres to the east along vein strike.

Chris Lodder, President and CEO, commented "These infill drilling results and the nearby newly identified mineralized zones, demonstrate the potential for large tonnage, high grade mineralized corridors which may be amenable to larger tonnage underground mining methods."

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).

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 2,110 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 Information

Neither 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 drillholes:


HOLE-ID

FROM (M)

TO (M)

CORE LENGTH (M)

AU (G/T)

IM-17-112

184.00

186.90

2.90

19.69

INCLUDING

184.00

184.65

0.65

84.50

IM-17-112

329.80

330.65

0.85

10.50

IM-17-112

483.40

488.15

4.75

11.37

INCLUDING

487.00

488.15

1.15

43.30

IM-17-112

514.60

515.30

0.70

20.40

IM-17-112

556.40

557.55

1.15

11.90

IM-17-112

618.55

619.05

0.50

15.15

IM-17-112

637.85

638.35

0.50

17.10

IM-17-112

655.50

656.00

0.50

17.10

IM-17-119

63.85

64.65

0.80

12.85

IM-17-119

73.00

74.50

1.50

7.80

IM-17-119

94.00

98.50

4.50

7.09

INCLUDING

97.00

98.50

1.50

19.15

IM-17-119

266.10

266.75

0.65

8.55

IM-17-120

272.25

273.50

1.25

10.90

IM-17-120

378.40

378.95

0.55

12.85

IM-17-120

384.00

390.80

6.80

12.18

INCLUDING

384.00

384.50

0.50

42.30

AND

385.00

385.50

0.50

35.40

AND

386.60

387.10

0.50

37.20

AND

390.00

390.80

0.80

18.90

IM-17-120

438.50

439.00

0.50

9.64

IM-17-120

496.50

500.00

3.50

12.34

INCLUDING

498.10

499.05

0.95

39.80

IM-17-120

583.30

584.00

0.70

25.10

IM-17-120

590.80

591.30

0.50

13.85

IM-17-120

603.50

604.00

0.50

11.35

IM-17-120

633.20

633.85

0.65

9.90

IM-17-121

71.50

76.00

4.50

6.53

INCLUDING

71.50

72.25

0.75

9.00

AND

73.55

74.05

0.50

35.80

IM-17-121

99.50

100.00

0.50

34.10

IM-17-121

287.95

288.45

0.50

40.50

IM-17-121

402.30

402.80

0.50

45.60

IM-17-121

497.35

498.30

0.95

21.20

IM-17-121

500.35

501.35

1.00

11.25

IM-17-122




ASSAYS PENDING

IM-17-123




ASSAYS PENDING

IM-17-124

88.90

89.50

0.60

12.95

IM-17-124

478.75

509.60

30.85

18.84

INCLUDING

478.75

500.40

21.65

26.00

INCLUDING

479.25

480.00

0.75

22.20

AND

480.00

480.95

0.95

38.70

AND

485.25

486.50

1.25

36.50

AND

486.50

487.10

0.60

164.00

AND

489.45

490.00

0.55

13.90

AND

490.00

491.00

1.00

22.20

AND

491.00

492.00

1.00

72.00

AND

492.00

493.00

1.00

55.00

AND

493.00

494.00

1.00

7.75

AND

494.00

494.70

0.70

42.90

AND

494.70

495.40

0.70

37.80

AND

498.55

499.50

0.95

50.00

AND

499.50

500.40

0.90

87.50

AND

504.30

504.80

0.50

6.64

AND

508.50

509.00

0.50

10.50

AND

519.50

520.00

0.50

7.52

IM-17-124

528.80

536.50

7.70

7.88

INCLUDING

533.90

534.75

0.85

19.55

AND

534.75

535.40

0.65

50.40

AND

535.40

536.50

1.10

6.51

IM-17-124

578.50

580.25

1.75

14.87

INCLUDING

579.65

580.25

0.60

41.90

IM-17-124

591.00

616.40

25.40

12.76

INCLUDING

592.00

592.70

0.70

77.00

AND

597.00

597.60

0.60

14.85

AND

597.60

598.10

0.50

94.30

AND

603.50

604.10

0.60

7.07

AND

604.10

604.80

0.70

155.50

AND

604.80

605.95

1.15

38.40

AND

612.05

612.55

0.50

9.06

AND

615.90

616.40

0.50

98.00




True widths cannot be accurately determined from the information available therefore core lengths are reported. Rock not recovered by drilling was assigned zero grade. Top cuts have not been applied to high grade assays. SHAFT = Shaft Zone, VALLEY = Valley Zone.

Table 2: Drillhole Collar Orientations:


HOLE-ID

AZIMUTH

DIP

IM-17-112

140.00

-45.00

IM-17-119

141.20

-63.60

IM-17-120

140.00

-63.00

IM-17-121

134.90

-65.50

IM-17-124

132.30

-65.00











SOURCE Barkerville Gold Mines Ltd.



View original content with multimedia: newswire.ca

[stocktrademan]

BGMZF buy 0.6800

bull flag

Barkerville Gold Mines Ltd.

155 University Avenue
Suite 1440
Toronto, ON M5H 3B7
Canada
416-775-3671

http://www.barkervillegold.com









normal chart




log chart

[howestreetbull]

BGMZF BGM Intersects 29.95 g/t Au Over 8.85 Metres at Shaft Zone
by @newswire on July 27, 2017
DEEP DRILLING INTERSECTS 11.93 G/T AU OVER 7.15 METRES

TORONTO, July 27, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling results from the ongoing 130,000 metre Phase II Island Mountain exploration drilling program at the Company's flagship Cariboo Gold Project. The Company is currently exploring and delineating the Valley and Shaft Zones with seven drill rigs, while an eighth drill rig is conducting exploratory drilling on Barkerville Mountain. Given the continued drilling success at the project, the Company has ordered two additional drill rigs for early August 2017 bringing the total number of operating rigs to ten. Detailed drilling results, a drill hole location plan map, level plan and longitudinal section are presented at the end of this release.

Drilling Highlights:

IM-17-104: 11.93 g/t Au over 7.15 metres
IM-17-109: 12.19 g/t Au over 5.55 metres
IM-17-111: 15.94 g/t Au over 3.00 metres
IM-17-113: 29.95 g/t Au over 8.85 metres
IM-17-115: 10.14 g/t Au over 4.00 metres
IM-17-116: 11.68 g/t Au over 3.00 metres
IM-17-104: 11.93 g/t Au over 7.15 metres
True widths cannot be accurately determined from the information available therefore core lengths are reported.

Shaft Zone Veining Expands at Depth

Continuity and extensions of the Shaft Zone vein systems continues as demonstrated by drillhole
IM-17-113 which intersected three separate corridors grading 10.84 g/t Au over 4.95 metres, 4.71 g/t Au over 10.25 metres followed by 29.95 g/t Au over 8.85 metres from 400 to 475 metres vertically below surface. These new intersections correlate along vein strike to the northeast with previously reported drillhole CM-17-023 which recently discovered veining grading 12.43 g/t Au over 7.20 metres and 5.22 g/t Au over 19.55 metres. These holes are separated by an untested 175 metre gap and are open for expansion.

In the same portion of the Shaft Zone, drillhole IM-17-104 intersected additional veining grading
11.93 g/t Au over 7.15 metres at a vertical depth of 450 metres below surface. This new occurrence is untested along vein strike for 275 metres to previously reported drillholes CM-17-014 and CM-17-045 which intersected 11.98 g/t Au over 4.35 metres and 5.41 g/t Au over 3.50 metres respectively.

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).

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 2,110 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 Information
Neither 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 Valley and Shaft Zone drillholes:

HOLE-ID
FROM (M)
TO (M)
CORE LENGTH (M)
AU (G/T)
CM-17-056
319.70
320.90
1.20
6.13
CM-17-056
382.40
382.90
0.50
28.20
CM-17-058
28.50
29.70
1.20
1.25
CM-17-059
132.50
136.00
3.50
8.54
INCLUDING
134.90
135.40
0.50
12.25
AND
135.40
136.00
0.60
26.10
CM-17-059
137.50
138.00
0.50
6.18
CM-17-059
145.30
146.20
0.90
7.03
CM-17-059
156.80
157.30
0.50
10.30
CM-17-059
231.00
231.50
0.50
11.10
CM-17-059
236.00
236.50
0.50
7.20
CM-17-060
31.05
32.20
1.15
5.09
CM-17-061
398.30
399.00
0.70
27.20
CM-17-062
257.50
258.05
0.55
8.25
CM-17-062
282.60
283.10
0.50
35.60
CM-17-062
287.05
288.55
1.50
7.71
IM-17-104
246.75
247.45
0.70
8.66
IM-17-104
509.50
509.90
0.40
16.45
IM-17-104
588.80
595.95
7.15
11.93
INCLUDING
588.80
589.40
0.60
13.70
AND
593.20
593.90
0.70
8.90
AND
593.90
594.40
0.50
114.50
AND
595.00
595.95
0.95
8.67
IM-17-108
124.60
125.40
0.80
10.25
IM-17-108
247.80
250.00
2.20
17.40
INCLUDING
247.80
248.30
0.50
70.20
IM-17-108
307.05
307.80
0.75
17.00
IM-17-108
357.00
358.00
1.00
24.40
IM-17-108
555.95
557.00
1.05
17.95
IM-17-108
561.40
564.70
3.30
7.50
IM-17-108
587.00
587.50
0.50
14.15
IM-17-108
639.10
639.60
0.50
13.10
IM-17-108
657.05
657.55
0.50
7.20
IM-17-108
660.45
662.50
2.05
19.42
INCLUDING
661.15
661.85
0.70
56.00
IM-17-108
673.15
673.65
0.50
13.60
IM-17-109
99.55
105.10
5.55
12.19
INCLUDING
99.55
100.50
0.95
44.50
AND
104.60
105.10
0.50
34.70
IM-17-110
58.80
60.30
1.50
42.40
IM-17-110
99.80
100.30
0.50
13.15
IM-17-110
345.20
346.10
0.90
8.55
IM-17-110
405.00
405.80
0.80
14.10
IM-17-110
527.00
527.75
0.75
32.90
IM-17-110
527.00
527.75
0.75
32.90
IM-17-110
596.50
597.00
0.50
33.70
IM-17-110
610.80
611.50
0.70
8.04
IM-17-111
53.00
56.00
3.00
15.94
INCLUDING
54.60
55.10
0.50
93.40
IM-17-112



ASSAYS PENDING
IM-17-113
17.30
18.00
0.70
8.87
IM-17-113
20.40
21.00
0.60
15.40
IM-17-113
22.70
23.75
1.05
19.00
IM-17-113
406.00
406.95
0.95
9.40
IM-17-113
407.50
408.50
1.00
6.88
IM-17-113
454.50
455.10
0.60
19.50
IM-17-113
497.30
502.25
4.95
10.84
INCLUDING
497.30
497.90
0.60
22.70
AND
499.50
500.75
1.25
21.10
IM-17-113
525.45
526.40
0.95
7.15
IM-17-113
537.75
548.00
10.25
4.71
INCLUDING
537.75
538.25
0.50
19.80
AND
546.30
547.10
0.80
12.60
AND
547.10
548.00
0.90
26.20
IM-17-113
597.15
606.00
8.85
29.95
INCLUDING
597.15
597.65
0.50
17.95
AND
597.65
598.15
0.50
18.05
AND
601.50
602.00
0.50
108.00
AND
602.75
603.35
0.60
23.30
AND
603.35
604.50
1.15
154.50
IM-17-114



ABANDONED
IM-17-115
152.70
153.20
0.50
54.80
IM-17-115
220.50
221.00
0.50
7.58
IM-17-115
419.30
423.30
4.00
10.14
INCLUDING
422.20
422.70
0.50
8.85
AND
422.70
423.30
0.60
54.70
IM-17-116
78.00
81.00
3.00
11.68
INCLUDING
79.00
79.50
0.50
43.30
AND
79.50
80.15
0.65
19.55
IM-17-116
210.00
213.00
3.00
8.59
INCLUDING
211.20
212.00
0.80
9.64
AND
212.00
213.00
1.00
17.05
IM-17-116
313.00
314.00
1.00
7.77
IM-17-116
422.25
433.70
11.45
5.02
INCLUDING
425.00
426.20
1.20
16.25
AND
428.05
429.20
1.15
23.70
IM-17-116
476.50
479.55
3.05
8.83
INCLUDING
477.70
478.30
0.60
36.10
IM-17-116
503.10
504.20
1.10
24.46
INCLUDING
503.10
503.60
0.50
52.50
IM-17-117
164.00
164.50
0.50
25.20
IM-17-117
218.10
218.60
0.50
13.55
IM-17-117
261.30
262.20
0.90
17.30
IM-17-117
468.95
470.00
1.05
14.85
IM-17-118
60.80
62.00
1.20
17.75
INCLUDING
60.80
61.40
0.60
34.50
IM-17-118
76.30
77.40
1.10
10.75
IM-17-118
174.30
174.80
0.50
10.50
IM-17-118
345.50
346.00
0.50
9.41
IM-17-118
358.95
359.60
0.65
9.45
IM-17-118
372.50
374.00
1.50
7.63


True widths cannot be accurately determined from the information available therefore core lengths are reported. Rock not recovered by drilling was assigned zero grade. Top cuts have not been applied to high grade assays. SHAFT = Shaft Zone, VALLEY = Valley Zone.

Table 2: Drillhole Collar Orientations:

HOLE-ID
AZIMUTH
DIP
CM-17-058
224.80
-44.30
IM-17-104
131.60
-61.50
IM-17-108
136.70
-48.30
IM-17-109
136.80
-63.80
IM-17-110
130.40
-45.10
IM-17-111
135.70
-44.00
IM-17-113
122.60
-64.40
IM-17-114
127.70
-42.80
IM-17-115
135.60
-45.40
IM-17-116
138.30
-64.60
IM-17-117
137.30
-41.30
IM-17-118
140.60
-43.60
CM-17-056
135.30
-44.50
CM-17-059
307.50
-45.00
CM-17-060
223.50
-64.70
CM-17-061
312.00
-55.90
CM-17-062
311.60
-45.80

Drillhole Location Map (CNW Group/Barkerville Gold Mines Ltd.)

Island Mountain Level Plan Shaft Zone (CNW Group/Barkerville Gold Mines Ltd.)

Cow and Island Mountains (CNW Group/Barkerville Gold Mines Ltd.)



SOURCE Barkerville Gold Mines Ltd.


View original content with multimedia: http://www.newswire.ca/en/releases/archive/July2017/27/c1261.html

[howestreetbull]

BGMZF Intersects 17.30 G/T Au Over 7.50 Metres at Valley Zone
by @newswire on July 5, 2017
Expansion of Vein Corridors Continues

TORONTO, July 5, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling results from the ongoing 130,000 metre Phase II Island Mountain exploration drilling program at the Company's flagship Cariboo Gold Project. The Company is currently exploring and delineating the Valley and Shaft Zones with seven drill rigs, while an eighth drill rig is conducting exploratory drilling on Barkerville Mountain. Detailed drilling results, a drill hole location plan map, vertical section and longitudinal section are presented at the end of this release.

Drillhole Location Map (CNW Group/Barkerville Gold Mines Ltd.)

Veining Corridors Continue to Develop in Valley Zone

The ongoing exploration and delineation drilling program in the Valley Zone continues to corroborate veining corridors as demonstrated by drillhole CM-17-057 which intersected a broad network of veining averaging 17.30 g/t Au over 7.50 metres at vertical depth of 170 metres below surface. At the same elevation 130 metres along vein strike to the southwest, drillhole CM-17-048 delineated additional veining grading 12.27 g/t Au over 4.55 metres. In a previously unexplored portion of the Valley Zone, another new veining occurrence averaging 11.33 g/t Au over 3.00 metres was discovered by drillhole CM-17-053 at a vertical depth of 140 metres below surface. Because of the wide hole spacings and scarcity of historical drilling in these areas, all occurrences are open for expansion.

"The high-grade vein corridors in the Valley Zone continue to be identified and will require infill drilling later in the year." noted Chris Lodder, President and CEO of Barkerville Gold Mines. "Seven drills are focused on infill drilling on Island Mountain and one rig is conducting reconnaissance drilling on Barkerville Mountain. Regional exploration in the larger land package was reinitiated last week and will continue until late September. The objective of the regional exploration program is to continue the advancement of future drill targets. Underground mine development continues at Bonanza Ledge with processing at the QR mill to start in August."

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).

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 2,110 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 Information
Neither 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 Valley and Shaft Zone drillholes:

HOLE-ID
FROM (M)
TO (M)
CORE LENGTH (M)
AU (G/T)
AREA
CM-17-046
115.20
115.70
0.50
145.00
VALLEY
CM-17-046
151.50
155.45
3.95
5.01
VALLEY
INCLUDING
152.40
153.05
0.65
24.90
VALLEY
CM-17-046
284.90
303.85
18.95
2.86
VALLEY
INCLUDING
290.25
290.80
0.55
9.29
VALLEY
CM-17-046
296.30
296.80
0.50
10.20
VALLEY
CM-17-046
303.20
303.85
0.65
30.70
VALLEY
CM-17-047
94.00
94.50
0.50
5.95
VALLEY
CM-17-047
97.00
97.80
0.80
6.55
VALLEY
CM-17-047
106.60
107.10
0.50
18.60
VALLEY
CM-17-047
137.55
138.05
0.50
11.15
VALLEY
CM-17-047
410.50
414.00
3.50
5.41
VALLEY
CM-17-047
482.75
484.50
1.75
7.96
VALLEY
CM-17-047
500.40
501.75
1.35
7.58
VALLEY
CM-17-047
600.25
600.75
0.50
6.42
VALLEY
CM-17-048
165.60
170.15
4.55
12.27
VALLEY
INCLUDING
166.30
167.00
0.70
70.80
VALLEY
CM-17-049
559.70
560.60
0.90
12.40
VALLEY
CM-17-050
63.20
64.10
0.90
5.63
VALLEY
CM-17-050
68.60
69.25
0.65
6.86
VALLEY
CM-17-051
94.75
96.10
1.35
17.45
VALLEY
CM-17-051
211.60
212.90
1.30
10.70
VALLEY
CM-17-051
234.00
235.10
1.10
13.00
VALLEY
CM-17-053
140.00
143.00
3.00
11.33
VALLEY
INCLUDING
140.50
141.00
0.50
54.10
VALLEY
CM-17-053
332.50
335.05
2.55
6.93
VALLEY
CM-17-053
373.70
374.50
0.80
5.39
VALLEY
CM-17-053
375.70
376.30
0.60
6.10
VALLEY
CM-17-054
131.00
134.55
3.55
6.22
VALLEY
INCLUDING
132.00
132.85
0.85
12.65
VALLEY
AND
133.50
134.00
0.50
15.25
VALLEY
CM-17-054
189.40
190.20
0.80
16.25
VALLEY
CM-17-054
689.85
690.35
0.50
7.85
VALLEY
CM-17-055
134.00
134.50
0.50
5.75
VALLEY
CM-17-055
363.55
364.40
0.85
15.85
VALLEY
CM-17-056



ASSAYS PENDING
VALLEY
CM-17-057
215.15
222.65
7.50
17.30
VALLEY
INCLUDING
215.15
215.80
0.65
57.40
VALLEY
AND
219.95
220.55
0.60
115.50
VALLEY
AND
220.55
221.15
0.60
29.40
VALLEY
AND
221.15
221.65
0.50
7.95
VALLEY
CM-17-057
233.70
234.30
0.60
16.50
VALLEY
CM-17-057
288.85
289.45
0.60
11.80
VALLEY
CM-17-057
316.30
316.80
0.50
46.60
VALLEY
IM-17-103
104.15
104.65
0.50
17.85
SHAFT
IM-17-103
261.55
262.30
0.75
17.95
SHAFT
IM-17-103
350.60
351.10
0.50
35.70
SHAFT
IM-17-103
371.50
372.25
0.75
9.22
SHAFT
IM-17-103
399.50
405.25
5.75
9.65
SHAFT
INCLUDING
401.45
402.15
0.70
37.00
SHAFT
AND
404.30
405.25
0.95
24.50
SHAFT
IM-17-104



ASSAYS PENDING
SHAFT
IM-17-105



ASSAYS PENDING
SHAFT
IM-17-106
71.95
72.45
0.50
17.00
SHAFT
IM-17-106
169.50
170.00
0.50
19.25
SHAFT
IM-17-106
203.10
211.25
8.15
8.01
SHAFT
INCLUDING
208.30
209.05
0.75
48.20
SHAFT
AND
210.50
211.25
0.75
33.10
SHAFT
IM-17-106
268.70
269.30
0.60
12.60
SHAFT
IM-17-106
490.55
491.90
1.35
10.59
SHAFT
IM-17-106
612.65
613.45
0.80
11.10
SHAFT


True widths cannot be accurately determined from the information available therefore core lengths are reported. Rock not recovered by drilling was assigned zero grade. Top cuts have not been applied to high grade assays. SHAFT = Shaft Zone, VALLEY = Valley Zone.

Table 2: Drillhole Collar Orientations:

HOLE-ID
AZIMUTH
DIP
CM-17-046
317.10
-44.70
CM-17-047
307.40
-46.50
CM-17-048
310.00
-55.00
CM-17-049
128.30
-46.10
CM-17-050
316.90
-58.80
CM-17-051
130.00
-45.00
CM-17-053
132.00
-61.30
CM-17-054
305.10
-57.10
CM-17-055
316.10
-54.30
CM-17-057
130.00
-41.30
IM-17-103
132.10
-45.40
IM-17-106
140.00
-59.10



Valley Zone Level Plan (CNW Group/Barkerville Gold Mines Ltd.)

Cow and Island Mountains Vertical Longitudinal Section (CNW Group/Barkerville Gold Mines Ltd.)

SOURCE Barkerville Gold Mines Ltd.


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