Barkerville Gold Mining (fka BGMZF)

[howestreetbull]

BGMZF Intersects 17.55 G/T Au Over 6.20 Metres at Valley Zone

Veining Corridors Continue to Expand
by @newswire on June 21, 2017
TORONTO, June 21, 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 Zone with four drill rigs. Detailed drilling results, a drill hole location plan map, vertical section and longitudinal section are presented at the end of this release.

Drilling Highlights:

CM-17-021: 10.77 g/t Au over 5.90 metres
CM-17-025: 17.55 g/t Au over 6.20 metres
CM-17-044: 5.44 g/t Au over 13.95 metres
The geometry and hence true width of the mineralized zones cannot be assuredly concluded at this time and as such, core lengths are reported.

Veining Corridors Continue to Expand

Phase II drillhole CM-17-021 has intersected two new veining occurrences at vertical depths of 125 and 145 metres vertically below surface grading 9.32 g/t Au over 4.15 metres and 10.77 g/t Au over 5.90 metres respectively. Located on the southeastern strike of the Valley Zone, drillhole CM-17-025 intersected a new occurrence grading 17.55 g/t Au over 6.20 metres, 75 metres vertically below surface. As well, drillhole CM-17-044 discovered additional new veining occurrences in a broad corridor grading 5.44 g/t Au over 13.95 metres 54 metres below surface.

"We are seeing repeated success with targeting and intercepting mineralized vein systems across our current drilling program areas." Kyle Orr, Senior Geologist with BGM commented. "These latest results provide more evidence that the Cow Mountain and Island Mountain areas are connected through continuous, high grade gold mineralization in the Valley Zone."

About the Phase II Program

The 130,000 metre 2017 Phase II exploratory and delineation drill program on Island Mountain is intended to determine the extent of the vein systems that were historically never explored, and is aimed at discovering new vein systems and sulphide replacement bodies that will ultimately inform a maiden resource at Island Mountain. Four drill rigs are currently delineating additional mineralization below and on strike from the former Aurum and Cariboo Gold Quartz Mines which have never been explored since mining operations ceased circa 1967. Three rigs are testing down dip mineralization on Cow Mountain and in the Valley Zone. One rig is drilling new targets identified in 2016 located on Barkerville Mountain.

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 Zone drillholes:

HOLE-ID
FROM (M)
TO (M)
CORE LENGTH (M)
AU (G/T)
CM-17-021
171.35
175.50
4.15
9.32
INCLUDING
171.35
171.85
0.50
29.30
AND
173.45
174.10
0.65
34.70
CM-17-021
194.20
200.10
5.90
10.77
INCLUDING
196.40
196.90
0.50
93.00
AND
196.90
197.50
0.60
19.35
AND
198.00
198.60
0.60
6.52
CM-17-021
232.50
233.05
0.55
8.15
CM-17-025
53.75
54.25
0.50
15.60
CM-17-025
79.00
85.20
6.20
17.55
INCLUDING
83.75
84.35
0.60
83.10
AND
84.35
85.20
0.85
64.60
CM-17-025
164.00
164.65
0.65
13.90
CM-17-029
287.85
288.60
0.75
8.76
CM-17-029
349.00
349.50
0.50
46.70
CM-17-030



ASSAYS PENDING
CM-17-031



ABANDONED
CM-17-032
68.25
68.90
0.65
19.70
CM-17-032
215.20
215.70
0.50
14.10
CM-17-032
228.25
229.00
0.75
18.75
CM-17-032
287.35
288.20
0.85
10.05
CM-17-032
339.20
339.80
0.60
10.35
CM-17-033
144.65
145.30
0.65
26.40
CM-17-033
281.85
282.45
0.60
12.40
CM-17-033
302.50
304.00
1.50
9.74
CM-17-034



ABANDONED
CM-17-035
85.80
86.35
0.55
22.90
CM-17-035
87.50
88.00
0.50
36.20
CM-17-035
96.40
97.00
0.60
15.30
CM-17-035
103.65
104.30
0.65
45.80
CM-17-035
115.70
116.40
0.70
15.40
CM-17-035
121.80
125.65
3.85
6.46
INCLUDING
121.80
122.50
0.70
15.25
AND
124.50
125.10
0.60
11.85
CM-17-035
128.50
129.50
1.00
8.91
CM-17-035
132.05
133.00
0.95
10.95
CM-17-036
76.00
77.00
1.00
6.19
CM-17-036
198.15
198.70
0.55
12.15
CM-17-036
384.30
384.80
0.50
20.40
CM-17-037
296.65
300.40
3.75
4.19
INCLUDING
296.65
297.25
0.60
7.58
AND
297.80
298.30
0.50
7.57
AND
298.30
299.15
0.85
5.32
CM-17-037
313.00
313.50
0.50
12.20
CM-17-037
466.75
467.50
0.75
9.87
CM-17-037
476.45
476.95
0.50
7.89
CM-17-037
481.15
481.65
0.50
9.62
CM-17-037
499.50
500.00
0.50
8.43
CM-17-037
523.30
524.00
0.70
12.85
CM-17-037
529.55
530.05
0.50
12.05
CM-17-037
532.90
533.40
0.50
15.40
CM-17-038
60.75
61.40
0.65
10.65
CM-17-038
191.75
193.00
1.25
13.80
CM-17-038
200.50
201.10
0.60
9.72
CM-17-038
259.50
260.00
0.50
8.44
CM-17-038
295.00
296.00
1.00
8.66
CM-17-038
298.00
298.60
0.60
10.45
CM-17-039
64.55
65.05
0.50
21.60
CM-17-039
152.50
153.20
0.70
15.80
CM-17-039
356.40
356.90
0.50
16.30
CM-17-040
140.60
141.10
0.50
13.30
CM-17-040
161.00
165.20
4.20
8.44
INCLUDING
162.20
162.80
0.60
25.10
AND
162.80
163.30
0.50
20.40
AND
163.30
163.80
0.50
17.55
CM-17-040
200.00
201.10
1.10
7.78
CM-17-040
211.30
212.00
0.70
12.80
CM-17-040
217.00
217.50
0.50
13.40
CM-17-040
228.80
229.60
0.80
35.90
CM-17-040
235.80
236.60
0.80
37.20
CM-17-040
237.60
238.35
0.75
14.85
CM-17-040
255.30
255.80
0.50
56.60
CM-17-041
133.60
134.10
0.50
29.30
CM-17-041
252.65
253.60
0.95
22.70
CM-17-042
70.15
70.70
0.55
33.10
CM-17-042
97.00
97.65
0.65
10.40
CM-17-042
141.40
142.00
0.60
21.60
CM-17-042
156.00
156.50
0.50
29.80
CM-17-042
189.65
190.15
0.50
14.25
CM-17-042
191.50
192.00
0.50
16.50
CM-17-042
204.00
204.50
0.50
17.75
CM-17-042
349.55
350.20
0.65
12.05
CM-17-043
207.50
208.20
0.70
9.87
CM-17-043
249.30
249.80
0.50
21.70
CM-17-044
76.20
90.15
13.95
5.44
INCLUDING
76.20
76.70
0.50
40.00
AND
81.70
82.25
0.55
23.70
AND
86.75
87.25
0.50
18.45
AND
88.15
88.65
0.50
8.59
AND
89.65
90.15
0.50
54.80
CM-17-044
119.50
120.20
0.70
20.80
CM-17-044
124.45
125.05
0.60
12.30
CM-17-044
430.10
430.85
0.75
43.50
CM-17-044
459.35
460.05
0.70
17.90
CM-17-045
124.30
125.00
0.70
26.00
CM-17-045
165.55
166.55
1.00
14.10


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. MC = Mosquito Creek, SHAFT = Shaft Zone, VALLEY = Valley Zone.

Table 2: Drillhole Collar Orientations:

HOLE-ID
AZIMUTH
DIP
HOLE-ID
AZIMUTH
DIP
CM-17-021
310.00
-45.00
CM-17-042
129.50
-44.90
CM-17-025
127.30
-61.20
CM-17-043
130.00
-45.00
CM-17-029
130.30
-45.30
CM-17-044
310.00
-45.00
CM-17-030
310.00
-45.00
CM-17-045
310.00
-50.20
CM-17-031
310.00
-45.00
CM-17-046
317.10
-44.70
CM-17-032
130.00
-44.90
CM-17-047
307.40
-46.50
CM-17-033
220.00
-45.00
CM-17-048
310.00
-55.00
CM-17-034
310.00
-45.00
CM-17-049
128.30
-46.10
CM-17-035
220.00
-65.00
CM-17-050
316.90
-58.80
CM-17-036
126.60
-45.30
CM-17-051
130.00
-45.00
CM-17-037
310.00
-43.80
CM-17-053
132.00
-61.30
CM-17-038
130.00
-44.20
CM-17-054
305.10
-57.10
CM-17-039
127.80
-45.00
CM-17-055
316.10
-54.30
CM-17-040
314.00
-45.00
CM-17-057
130.00
-41.30
CM-17-041
310.00
-67.00
CM-17-058
224.80
-44.30


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



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



Island Mountain Vertical 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/June2017/21/c1818.html

[howestreetbull]

BGMZF Intersects 12.43 G/t Au Over 7.20 Metres at Valley Zone
by @newswire on June 6, 2017
New Veining Corridor Discovered at Depth

TORONTO, June 6, 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 Zone with four drill rigs. Detailed drilling results, a drill hole location plan map, vertical section and longitudinal section are presented at the end of this release.

Drilling Highlights:

CM-17-015: 25.21 g/t Au over 2.00 metres
CM-17-015: 33.40 g/t Au over 1.50 metres
CM-17-018: 12.58 g/t Au over 5.50 metres
CM-17-023: 10.94 g/t Au over 7.85 metres
CM-17-023: 12.43 g/t Au over 7.20 metres
CM-17-023: 5.22 g/t Au over 19.55 metres
CM-17-024: 7.20 g/t Au over 9.05 metres

* The geometry and hence true width of the mineralized zones cannot be assuredly concluded at this time and as such, core lengths are reported.
New Mineralized Corridors Discovered at Depth in Valley Zone

Deeper drilling at the Valley Zone, which has not been explored circa 1960 has again yielded new, previously unidentified veining corridors. Drillhole CM-17-023 intersected three separate veining occurrences grading 10.94 g/t Au over 7.85 metres, 12.43 g/t Au over 7.20 metres and 5.22 g/t Au over 19.55 metres at respective depths of 270 metres, 310 metres and 375 metres vertically below surface. On the same vertical section and located 50 metres above CM-17-023, drillhole CM-17-018 intersected 5.46 g/t Au over 5.20 metres, 12.58 g/t Au over 5.50 metres and 11.57 g/t Au over 2.00 metres and indicates a positive correlation with respect to continuity. CM-17-018 also intersected 13.92 g/t Au over 2.00 metres followed by 8.16 g/t Au over 4.00 metres in another new separate corridor 55 metres northwest of the former. These new corridors are open for expansion in all directions.

"The drill results in the Valley Zone continue to reaffirm our geological understanding of the Caribou Gold Project", commented Matt Filgate, Senior Project Geologist. "We are beginning to see continuity between the Island Mountain and Cow Mountain areas through both shallow and deep drill intercepts, which is allowing us to better target areas of potential mineralization."

About the Phase II Program

The 130,000 metre 2017 Phase II exploratory and delineation drill program on Island Mountain is intended to determine the extent of the vein systems that were historically never explored, and is aimed at discovering new vein systems and sulphide replacement bodies that will ultimately inform a maiden resource at Island Mountain. Four drill rigs are currently delineating additional mineralization below the former Aurum and Cariboo Gold Quartz Mines which have never been explored since mining operations ceased circa 1960.

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 Zone drillholes:



HOLE-ID
FROM (M)
TO (M)
CORE LENGTH (M)
AU (G/T)
AREA
CM-17-015
84.00
86.00
2.00
25.21
VALLEY
INCLUDING
84.50
86.00
1.50
33.40
VALLEY
CM-17-015
245.60
246.15
0.55
19.10
VALLEY
CM-17-015
279.70
280.60
0.90
10.15
VALLEY
CM-17-016



ABANDONED
VALLEY
CM-17-017
85.65
86.15
0.50
16.50
VALLEY
CM-17-018
313.00
313.50
0.50
7.24
VALLEY
CM-17-018
327.00
328.00
1.00
59.20
VALLEY
CM-17-018
460.30
460.90
0.60
12.60
VALLEY
CM-17-018
467.30
472.50
5.20
5.46
VALLEY
INCLUDING
467.30
467.80
0.50
7.88
VALLEY
AND
470.90
471.70
0.80
7.53
VALLEY
AND
471.70
472.50
0.80
21.60
VALLEY
CM-17-018
480.00
485.50
5.50
12.58
VALLEY
INCLUDING
480.00
480.50
0.50
21.50
VALLEY
AND
480.50
481.00
0.50
18.25
VALLEY
AND
481.00
481.60
0.60
60.30
VALLEY
AND
484.50
485.00
0.50
17.15
VALLEY
CM-17-018
491.00
493.00
2.00
11.57
VALLEY
INCLUDING
491.00
492.00
1.00
6.53
VALLEY
AND
492.00
493.00
1.00
16.60
VALLEY
CM-17-018
509.40
510.00
0.60
10.10
VALLEY
CM-17-018
543.00
545.00
2.00
13.92
VALLEY
CM-17-018
559.00
563.00
4.00
8.16
VALLEY
INCLUDING
559.00
559.50
0.50
18.20
VALLEY
AND
560.00
560.50
0.50
29.70
VALLEY
AND
562.50
563.00
0.50
8.02
VALLEY
CM-17-019



ABANDONED

CM-17-020



ABANDONED

CM-17-021



ASSAYS PENDING
VALLEY
CM-17-022
38.00
38.50
0.50
23.60
VALLEY
CM-17-023
125.85
126.35
0.50
68.50
VALLEY
CM-17-023
322.80
324.00
1.20
11.70
VALLEY
CM-17-023
369.05
376.90
7.85
10.94
VALLEY
INCLUDING
373.70
374.45
0.75
9.34
VALLEY
AND
374.95
375.65
0.70
77.60
VALLEY
AND
376.40
376.90
0.50
37.80
VALLEY
CM-17-023
417.80
425.00
7.20
12.43
VALLEY
INCLUDING
422.50
423.15
0.65
7.68
VALLEY
AND
423.15
423.65
0.50
158.00
VALLEY
CM-17-023
443.80
444.30
0.50
11.75
VALLEY
CM-17-023
483.90
484.50
0.60
15.35
VALLEY
CM-17-023
485.50
486.00
0.50
21.80
VALLEY
CM-17-023
493.50
494.00
0.50
12.65
VALLEY
CM-17-023
499.20
518.75
19.55
5.22
VALLEY
INCLUDING
499.20
499.70
0.50
28.80
VALLEY
AND
501.55
502.15
0.60
61.70
VALLEY
AND
509.30
510.15
0.85
14.80
VALLEY
AND
513.30
513.95
0.65
29.30
VALLEY
AND
518.25
518.75
0.50
17.90
VALLEY
CM-17-024
117.30
118.00
0.70
7.18
VALLEY
CM-17-024
167.75
176.80
9.05
7.20
VALLEY
INCLUDING
170.85
171.35
0.50
101.00
VALLEY
AND
173.00
173.80
0.80
8.66
VALLEY
CM-17-024
324.80
325.30
0.50
8.77
VALLEY
CM-17-024
571.00
571.65
0.65
32.30
VALLEY
CM-17-025



ASSAYS PENDING
VALLEY
CM-17-026
212.50
213.00
0.50
7.41
VALLEY
CM-17-026
252.85
253.60
0.75
21.70
VALLEY
CM-17-026
275.20
276.10
0.90
7.08
VALLEY
CM-17-026
324.70
325.50
0.80
17.00
VALLEY
CM-17-026
344.25
350.00
5.75
8.36
VALLEY
INCLUDING
344.25
345.00
0.75
19.50
VALLEY
AND
345.00
345.60
0.60
25.80
VALLEY
AND
345.60
346.20
0.60
9.50
VALLEY
AND
349.35
350.00
0.65
13.50
VALLEY
CM-17-026
354.55
355.40
0.85
7.86
VALLEY
CM-17-026
380.15
380.95
0.80
13.30
VALLEY
CM-17-026
509.00
510.30
1.30
11.50
VALLEY
CM-17-028
162.55
164.70
2.15
17.61
VALLEY
INCLUDING
163.55
164.20
0.65
16.05
VALLEY
AND
164.20
164.70
0.50
13.80
VALLEY
CM-17-028-1
178.90
179.50
0.60
5.94
VALLEY
CM-17-028-1
197.25
198.15
0.90
5.44
VALLEY
CM-17-028-2
255.80
256.45
0.65
20.90
VALLEY
CM-17-028-2
260.70
261.20
0.50
48.80
VALLEY
CM-17-028-2
261.85
263.00
1.15
21.40
VALLEY
CM-17-028-2
271.30
271.80
0.50
16.80
VALLEY
CM-17-028-2
271.80
272.30
0.50
19.40
VALLEY
CM-17-028-2
274.35
275.05
0.70
7.55
VALLEY

* 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. MC = Mosquito Creek, SHAFT = Shaft Zone, VALLEY = Valley Zone.


Table 2: Drillhole Collar Orientations:

HOLE-ID
AZIMUTH
DIP
CM-17-015
311.20
-61.10
CM-17-017
309.20
-41.10
CM-17-018
307.50
-42.70
CM-17-022
312.00
-57.90
CM-17-023
306.50
-45.20
CM-17-024
308.40
-44.40
CM-17-026
310.00
-45.00
CM-17-028
310.00
-45.00
CM-17-028-1
310.00
-45.00
CM-17-028-2
310.00
-45.00


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

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

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

SOURCE Barkerville Gold Mines Ltd.


View original content with multimedia: http://www.newswire.ca/en/releases/archive/June2017/06/c3943.html

[Lone Ranger 2]

Barkerville drills 12.7 m of 24.13 g/t Au at Cariboo

2017-05-25 08:12 ET - News Release

Mr. Chris Lodder reports

BGM INTERSECTS 24.13 G/T AU OVER 12.70 METRES AT MOSQUITO CREEK

Barkerville Gold Mines Ltd. has released additional drilling results from the continuing 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 zone with four drill rigs. Detailed drilling results are presented in the table.

Replacement mineralization intersected northwest of Mosquito Creek

Located 160 metres downplunge of the former Mosquito Creek mine at a vertical depth of 100 metres below surface, drill hole IM-17-100 intersected replacement mineralization grading 24.13 grams per tonne gold over 12.70 metres. This new faulted occurrence correlates 35 metres upplunge to previously reported phase I drill hole BGM-16-553 which intersected 56.31 g/t Au over 4.10 metres.

New veining intersected northwest of Mosquito Creek

Drill hole IM-17-107 intersected new auriferous quartz veining grading 49.79 g/t Au over 8.05 metres 50 metres vertically below surface. In this sparsely drilled area, the veining intersection is open for expansion in all directions.

The geometry and hence true width of the potential mineralized zones cannot be assuredly concluded at this time.

The company's exploration manager, Maggie Layman, PGeo, commented: "The results from the Island Mountain drilling continue to demonstrate continuity, tenor and size potential of both replacement and vein style mineralization at shallow depths. The phase II exploration program on Island Mountain continues to reveal exceptionally high-grade intercepts in new zones."

About the phase II program

The 130,000-metre 2017 phase II exploratory and delineation drill program on Island Mountain is intended to determine the extent of the vein systems that were historically never explored, and is aimed at discovering new vein systems and sulphide replacement bodies that will ultimately inform a maiden resource at Island Mountain. Four drill rigs are currently delineating additional mineralization below the former Aurum and Cariboo gold quartz mines which have never been explored since mining operations ceased circa 1960.

Qualified persons

Exploration activities at the Cariboo gold project are administered on site by Ms. Layman. As per National Instrument 43-101, Paul Geddes, PGeo, 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 Canadian Institute of Mining, Metallurgy and Petroleum 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, B.C. Numbered security tags are applied to lab shipments for chain of custody requirements. The company inserts quality control samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QA/QC program was designed and approved by Lynda Bloom, PGeo, of Analytical Solutions Ltd. and is overseen by Mr. Geddes.

Drill core samples are submitted to ALS Geochemistry's analytical facility in North Vancouver, B.C., 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 are pulverized. Analysis for gold is by 50 g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 part per million and upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are reanalyzed using a 1,000 g screen metallic fire assay. A selected number of samples are also analyzed using a 48-multielemental geochemical package by a four-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, B.C. 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-per-day gold milling and tailings facility. An extensive drill program is currently under way with the goal of delineating additional high-grade gold mineralization.

GOLD COMPOSITES FOR ISLAND MOUNTAIN PHASE II DRILL HOLES

Hole From (m) To (m) Core length (m) Au (g/t)

IM-17-100 55.20 56.20 1.00 5.13
IM-17-100 57.15 58.10 0.95 9.86
IM-17-100 61.50 62.40 0.90 5.89
IM-17-100 65.95 66.50 0.55 10.85
IM-17-100 70.00 70.50 0.50 17.05
IM-17-100 81.40 82.80 1.40 10.78
Including 82.10 82.80 0.70 18.15
IM-17-100 142.00 154.70 12.70 24.13
Including 143.90 144.50 0.60 8.97
And 144.50 145.00 0.50 39.80
And 145.00 145.60 0.60 38.60
And 148.45 149.00 0.55 46.50
And 149.00 149.50 0.50 122.00
And 149.50 150.00 0.50 122.00
And 150.00 150.50 0.50 71.80
And 150.50 151.00 0.50 85.40
And 151.00 151.60 0.60 47.20
IM-17-102 65.70 66.20 0.50 6.82
IM-17-103
IM-17-104
IM-17-105 42.50 44.00 1.50 2.90
IM-17-106
IM-17-107 55.15 63.20 8.05 49.79
Including 56.30 56.90 0.60 6.91
And 56.90 57.50 0.60 12.10
And 57.50 58.00 0.50 289.00
And 58.00 58.80 0.80 283.00
And 58.80 59.75 0.95 14.15

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.

We seek Safe Harbor.

[howestreetbull]

BGMZF Barkerville Completes $44 Million Financing of Units
by @marketwired on May 18, 2017
TORONTO, ONTARIO--(Marketwired - May 18, 2017) -

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

Barkerville Gold Mines Ltd. (TSX VENTURE:BGM) ("Barkerville" or the "Corporation") is pleased to announce, further to its announcements on April 27, 2017, that the Corporation has completed brokered and non-brokered private placement financings of an aggregate of 46,519,490 units of the Corporation ("Units") at a price of $0.95 per Unit for aggregate gross proceeds of $44,193,516 (the "Offering"). Each Unit is comprised of one common share of the Corporation (each, a "Unit Share") and one-half of one common share purchase warrant of the Corporation (each whole warrant, a "Unit Warrant"). Each Unit Warrant will entitle the holder thereof to purchase one common share of the Corporation (each, a "Warrant Share") at a price of $1.30 per Warrant Share, for a period of 18 months following the closing date of the Offering.

Brokered Private Placement

Under the brokered private placement, the Corporation issued an aggregate of 28,451,000 Units (including upon the exercise in full by the Underwriters (as defined herein) of the over-allotment option) at a price of $0.95 per Unit for aggregate gross proceeds of $27,028,450.

The brokered private placement was led by Haywood Securities Inc. with a syndicate of underwriters that included Canaccord Genuity Corp. and Cormark Securities Inc. (collectively, the "Underwriters"). In consideration for their services, the Underwriters received a cash commission equal to 6.0% of the gross proceeds of the brokered private placement.

Non-Brokered Private Placement

Under the non-brokered private placement, the Corporation issued an aggregate of 18,068,490 Units at a price of $0.95 per Unit for aggregate gross proceeds of $17,165,165.50. The following "insiders" of the Corporation have subscribed for Units under the brokered and non-brokered private placements:

Insider Insider Relationship Units
Purchased
(#) Subscription
Amount
($)
Osisko Gold Royalties Ltd 10% Securityholder 11,333,054 $10,766,401.30
Osisko Mining Inc. 10% Securityholder 5,324,908 $5,058,662.60
Sean Roosen Director of Barkerville;
Director or Senior Officer of 10% Securityholder 500,000 $475,000.00
Bryan Coates Senior Officer of 10% Securityholder 52,632 $50,000.40
Jose Vizquerra Director and Senior Officer of 10% Securityholder 73,685 $70,000.75
Andres Tinajero(1) Senior Officer of Barkerville 100,000 $95,000.00
Morris Prychidny Director of Barkerville 200,000 $190,000
Jacques Perron Director of 10% Securityholder 15,789 $14,999.55
Gernot Wober Senior Officer of 10% Securityholder 35,000 $33,250.00
John Kutkevicius Director of Barkerville 100,000 $95,000.00
Totals 17,635,068 $16,753,314.60
Note:
(1) Mr. Tinajero, Chief Financial Officer of Barkerville, acquired the Units indirectly through 2222263 Ontario Inc.
Each subscription by an "insider" 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 net proceeds of the Offering are expected to be used by the Corporation to fund exploration and development of the Barkerville's properties in British Columbia and for working capital and general corporate purposes.

All securities issued under the Offering will be subject to a hold period expiring four months and one day from the date hereof. 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.

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; 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; 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.

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

[howestreetbull]

BGMZF intersects 39.05 g/t Au over 8.25 metres at Shaft Zone
by @newswire on May 18, 2017
Aurum Deeps Yields 14.80 g/t Au over 11.30 metres

TORONTO, May 18, 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 Zone with four drill rigs. Detailed drilling results, a drill hole location plan map, level plan and longitudinal section are presented at the end of this release.

Island Mountain Drillhole Location Map With Terrain Model and Mine Development May 2017 (CNW Group/Barkerville Gold Mines Ltd.)

Drilling Expands Shaft Zone Mineralization to New Depth

The deepest intersection to date in the Shaft Zone, drillhole IM-17-097 intersected a 60 metre wide (core length), interval of sandstone hosted veining with subintervals 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 an average vertical depth of 480 metres below surface. No other drilling pierce points occur at this vertical level and as such this new corridor is open for expansion in all directions.

Veining at Aurum Deeps Extended

Veining intersected at a vertical depth of 400 metres below surface in the footwall sandstones of the former Aurum Mine has yielded 14.80 g/t Au over 11.30 metres in Phase II drillhole IM-17-091. This intersection is located at the same vertical depth as previously reported Phase I drillhole BGM-16-527 which intersected 10.34 g/t Au over 11.50 metres, 60 metres along vein strike to the southwest. Again, this vein system is open for expansion in all directions due to the scarcity of drilling in this area.

Natalie Cook, Senior Geologist, commented, "The results from our recent drilling in the Aurum Deeps and Shaft Zone on Island Mountain confirms the confidence in our geological model. These newly highlighted zones are open at depth, which is encouraging for the potential of discovering additional mineralization along strike of the veins."

About the Phase II Program

The 130,000 metre 2017 Phase II exploratory and delineation drill program on Island Mountain is intended to determine the extent of the vein systems that were historically never explored, and is aimed at discovering new vein systems and sulphide replacement bodies that will ultimately inform a maiden resource at Island Mountain. Four drill rigs are currently delineating additional mineralization below the former Aurum and Cariboo Gold Quartz Mines which have never been explored since mining operations ceased circa 1960.

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 Island Mountain Phase II drillholes:

HOLE-ID
FROM (M)
TO (M)
CORE LENGTH (M)
AU (G/T)
AREA
IM-17-091
147.80
148.35
0.55
9.42
AURUM
IM-17-091
448.80
460.10
11.30
14.80
AURUM
INCLUDING
448.80
449.65
0.85
7.07
AURUM
AND
449.65
451.05
1.40
56.30
AURUM
AND
451.05
452.20
1.15
31.70
AURUM
AND
452.20
452.75
0.55
18.95
AURUM
AND
452.75
454.10
1.35
11.85
AURUM
AND
457.35
457.85
0.50
14.30
AURUM
AND
458.95
459.60
0.65
11.90
AURUM
IM-17-096
192.55
193.10
0.55
8.80
SHAFT
IM-17-097
56.60
57.10
0.50
25.10
SHAFT
IM-17-097
63.70
64.70
1.00
28.05
SHAFT
INCLUDING
63.70
64.20
0.50
25.40
SHAFT
AND
64.20
64.70
0.50
30.70
SHAFT
IM-17-097
100.15
101.00
0.85
6.33
SHAFT
IM-17-097
162.00
163.10
1.10
10.50
SHAFT
IM-17-097
259.10
259.60
0.50
18.75
SHAFT
IM-17-097
532.25
534.65
2.40
7.36
SHAFT
INCLUDING
532.25
532.85
0.60
11.25
SHAFT
AND
532.85
533.55
0.70
9.58
SHAFT
AND
534.15
534.65
0.50
8.19
SHAFT
IM-17-097
540.20
543.30
3.10
40.19
SHAFT
INCLUDING
540.20
541.10
0.90
97.40
SHAFT
AND
541.60
542.45
0.85
43.00
SHAFT
IM-17-097
555.00
563.25
8.25
39.05
SHAFT
INCLUDING
555.00
556.25
1.25
12.70
SHAFT
AND
556.25
557.05
0.80
79.70
SHAFT
AND
557.05
557.90
0.85
35.80
SHAFT
AND
558.65
559.85
1.20
54.30
SHAFT
AND
559.85
560.45
0.60
44.70
SHAFT
AND
560.45
560.95
0.50
16.30
SHAFT
AND
560.95
561.70
0.75
124.50
SHAFT
AND
561.70
562.30
0.60
25.40
SHAFT
IM-17-097
585.80
590.30
4.50
10.34
SHAFT
INCLUDING
585.80
586.60
0.80
17.95
SHAFT
AND
586.60
587.40
0.80
14.90
SHAFT
AND
588.85
589.75
0.90
18.30
SHAFT
IM-17-097
609.75
610.45
0.70
20.60
SHAFT
IM-17-098
70.45
71.00
0.55
1.35
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. MC = Mosquito Creek, SHAFT = Shaft Zone.


Table 2: Drillhole Collar Orientations:

HOLE-ID
AZIMUTH
DIP
IM-17-091
138.40
-65.30
IM-17-096
136.30
-65.70
IM-17-097
139.80
-65.60
IM-17-098
142.20
-44.90



Island Mountain Vertical Section Shaft Zone 60 Metre Envelope May 2017 (CNW Group/Barkerville Gold Mines Ltd.)

Island Mountain Level Plan Aurum Deeps 950 Metres ASL 60 Metre Envelope May 2017 (CNW Group/Barkerville Gold Mines Ltd.)

Island Mountain Vertical Longitudinal Section Looking Northeast 200 Metre Envelope May 2017 (CNW Group/Barkerville Gold Mines Ltd.)

SOURCE Barkerville Gold Mines Ltd.


View original content with multimedia: http://www.newswire.ca/en/releases/archive/May2017/18/c2043.html

[Churak]

Boom...don't everyone yell at once...

[howestreetbull]

BGMZF Intersects 13.31 g/t Au over 11.00 Metres at Shaft Zone
by @newswire on May 9, 2017
Shaft Zone Veining Significantly Expanded into Footwall

TORONTO, May 9, 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 Zone with four drill rigs. Detailed drilling results, a drill hole location plan map, level plan and longitudinal section are presented at the end of this release.

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

Shaft Zone Significantly Expanded

Exploratory drillhole IM-17-101 has expanded the footwall extents of the Shaft Zone by intersecting numerous previously unidentified vein sets including 12.48 g/t Au over 3.75 metres (130 metres below surface), 13.31 g/t Au over 11.00 metres (200 metres below surface), and 7.60 g/t Au over 11.75 metres (250 metres below surface). The latter two intervals respectively occur 30 and 125 metres footwall to the originally interpreted sandstone footwall contact which is the dominant host to veining in the Cariboo Gold Camp. Due to the lack of drilling in this new area, no positive correlations with other drillholes can be made at this time and as such the new veining occurrences are open for expansion in all directions.

"We are greatly encouraged by the results of this recent drilling at the Shaft Zone," commented BGM's Chief Geoscientist Dr. Terry Harbort. "The wide, high-grade vein intercepts encountered indicate a significant extension of previously unknown continuity along strike of the vein zones into footwall units."

About the Phase II Program

The 130,000 metre 2017 Phase II exploratory and delineation drill program on Island Mountain is intended to determine the extent of the vein systems that were historically never explored, and is aimed at discovering new vein systems and sulphide replacement bodies that will ultimately inform a maiden resource at Island Mountain. Four drill rigs are currently delineating additional mineralization below the former Aurum and Cariboo Gold Quartz Mines which have never been explored since mining operations ceased circa 1960.

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 Island Mountain Phase II drillholes:







HOLE-ID
FROM (M)
TO (M)
CORE LENGTH (M)
AU (G/T)
AREA
IM-17-086
122.80
123.40
0.60
70.80
SHAFT
IM-17-086
202.60
203.30
0.70
129.00
SHAFT
IM-17-086
220.50
221.05
0.55
7.84
SHAFT
IM-17-086
226.10
226.60
0.50
6.80
SHAFT
IM-17-086
277.30
278.00
0.70
11.95
SHAFT
IM-17-087
124.00
125.10
1.10
18.00
SHAFT
IM-17-087
130.70
132.60
1.90
14.44
SHAFT
INCLUDING
130.70
131.60
0.90
19.85
SHAFT
AND
131.60
132.60
1.00
9.57
SHAFT
IM-17-087
166.00
166.65
0.65
19.45
SHAFT
IM-17-087
247.60
259.05
11.45
5.32
SHAFT
INCLUDING
247.60
248.55
0.95
10.45
SHAFT
AND
248.55
250.00
1.45
8.72
SHAFT
AND
257.30
258.55
1.25
23.60
SHAFT
AND
258.55
259.05
0.50
7.84
SHAFT
IM-17-087
308.00
308.95
0.95
12.15
SHAFT
IM-17-088
285.50
286.30
0.80
1.02
MC
IM-17-089
232.80
239.05
6.25
6.18
MC
INCLUDING
232.80
233.60
0.80
12.35
MC
AND
237.95
239.05
1.10
24.70
MC
IM-17-090
334.30
335.80
1.50
22.70
MC
IM-17-090
402.10
402.60
0.50
35.90
MC
IM-17-090
580.50
581.80
1.30
13.50
MC
IM-17-091



ASSAYS PENDING
IM-17-092
32.10
32.60
0.50
7.25
MC
IM-17-092
36.00
37.00
1.00
12.00
MC
IM-17-093
89.40
90.15
0.75
11.75
SHAFT
IM-17-093
122.10
122.65
0.55
45.90
SHAFT
IM-17-093
150.30
151.35
1.05
17.04
SHAFT
INCLUDING
150.30
150.80
0.50
11.15
SHAFT
AND
150.80
151.35
0.55
22.40
SHAFT
IM-17-093
160.70
161.40
0.70
54.50
SHAFT
IM-17-093
167.10
167.90
0.80
78.90
SHAFT
IM-17-093
212.05
216.90
4.85
36.50
SHAFT
INCLUDING
212.05
212.90
0.85
128.50
SHAFT
AND
215.90
216.90
1.00
66.50
SHAFT
IM-17-093
295.25
297.70
2.45
10.05
SHAFT
INCLUDING
295.25
296.10
0.85
14.85
SHAFT
AND
297.05
297.70
0.65
18.40
SHAFT
IM-17-094
148.20
149.50
1.30
17.30
MC
IM-17-095
54.20
54.90
0.70
3.34
MC
IM-17-096



ASSAYS PENDING
IM-17-097



ASSAYS PENDING
IM-17-098



ASSAYS PENDING
IM-17-099
52.55
54.20
1.65
11.65
MC
INCLUDING
52.55
53.20
0.65
18.65
MC
AND
53.70
54.20
0.50
13.55
MC
IM-17-100



ASSAYS PENDING
IM-17-101
60.65
62.00
1.35
11.00
SHAFT
IM-17-101
64.60
65.10
0.50
13.80
SHAFT
IM-17-101
172.65
176.40
3.75
12.48
SHAFT
INCLUDING
173.85
175.14
1.29
28.00
SHAFT
IM-17-101
238.15
249.15
11.00
13.31
SHAFT
INCLUDING
239.20
239.70
0.50
8.42
SHAFT
AND
241.50
242.10
0.60
12.05
SHAFT
AND
242.70
243.50
0.80
19.00
SHAFT
AND
244.15
245.60
1.45
13.20
SHAFT
AND
245.60
246.30
0.70
57.80
SHAFT
AND
246.30
247.20
0.90
27.50
SHAFT
AND
247.20
248.00
0.80
27.10
SHAFT
AND
248.00
248.65
0.65
12.80
SHAFT
IM-17-101
324.65
336.40
11.75
7.60
SHAFT
INCLUDING
324.65
325.50
0.85
28.20
SHAFT
AND
330.50
331.90
1.40
38.70
SHAFT
AND
335.90
336.40
0.50
14.20
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. MC = Mosquito Creek, SHAFT = Shaft Zone.

Table 2: Drillhole Collar Orientations:




HOLE-ID
AZIMUTH
DIP
IM-17-086
139.50
-43.20
IM-17-087
138.60
-65.10
IM-17-088
137.00
-43.50
IM-17-089
140.50
-50.20
IM-17-090
137.00
-64.00
IM-17-092
142.50
-45.60
IM-17-093
139.50
-43.20
IM-17-094
139.40
-45.40
IM-17-095
141.20
-63.50
IM-17-099
142.40
-45.40
IM-17-101
145.60
-64.40



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

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

SOURCE Barkerville Gold Mines Ltd.


View original content with multimedia: http://www.newswire.ca/en/releases/archive/May2017/09/c3279.html

[nicalandsales]

Weekly drill results , go to bgm home page ! Preview updates while there

[howestreetbull]

BGMZF Barkerville Announces $15 Million Bought Deal and Concurrent $15.8 Million Private Placement Financing
by @marketwired on April 27, 2017



TORONTO, ONTARIO--(Marketwired - April 27, 2017) -

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

Barkerville Gold Mines Ltd. (TSX VENTURE:BGM) ("Barkerville" or the "Company") is pleased to announce that it has entered into an agreement with Haywood Securities Inc., as lead underwriter on behalf of a syndicate of underwriters (collectively, the "Underwriters"), under which the Underwriters have agreed to purchase, on a "bought deal" private placement basis, 15,790,000 units of the Company ("Units") at a price of $0.95 per Unit (the "Issue Price") for total gross proceeds of $15,000,500 (the "Offering"). Each Unit will consist of one common share (a "Common Share") in the capital of the Company and one half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant") of the Company. Each Warrant shall be exercisable to acquire one Common Share (a "Warrant Share") at a price per Warrant Share of $1.30 for a period of 18 months from the closing of the Offering. The Underwriters have been granted the option (the "Over-Allotment Option") to purchase up to an additional 15% of the number of Units issuable under the Offering, exercisable in whole or in part at any time up to 48 hours prior to the closing of Offering.

In addition, the Company intends to complete a concurrent non-brokered private placement of 16,657,962 Units on the same terms and conditions as the Offering to Osisko Gold Royalties Ltd ("Osisko Gold Royalties") and Osisko Mining Inc. ("Osisko Mining") for gross proceeds of $15,825,064 (the "Concurrent Private Placement"), such that Osisko Gold Royalties and Osisko Mining maintain their pro rata interest in the Company on a pro forma basis. The Concurrent Private Placement may be increased by up to an additional 15% such that Osisko Gold Royalties and Osisko Mining maintain their respective pro rata interests in the Company.

The net proceeds received by the Company from the Offering and the Concurrent Private Placement will be used for exploration and development of the Company's properties in British Columbia and for working capital and general corporate purposes.

The closing of the Offering is expected to occur on or about May 16, 2017, and is subject to the receipt of regulatory approvals, including the approval of the TSX Venture Exchange. In consideration for their services, the Underwriters will receive a cash commission equal to 6.0% of the gross proceeds of the Offering.

The securities offered have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.

As insiders of the Company intend to subscribe for Units pursuant to the Concurrent Private Placement, the issuance of those Units to the insiders (the "Insider Participation") will be considered to be a related party transaction within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 ("MI 61-101"). The Company intends to rely on the exemptions from the requirements of MI 61-101 in respect of any Insider Participation.

About Barkerville

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 1,164 square kilometres along a strike length of 60 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 ore milled producing 25,464 ounces of gold. The Company has completed a number of drilling and exploration programs over the past 20 years and is currently compiling this data with all historical information in order develop geologic models which will assist new management and provide the framework to continue to explore 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.


Barkerville Gold Mines Ltd.
Chris Lodder
President & Chief Executive Officer
Suite 400-365 Bay Street
Toronto, Ontario, Canada
[e-mail]

[howestreetbull]

BGMZF BGM Intersects 13.63 g/t Au over 14.55 Metres at Shaft Zone
by @newswire on April 26, 2017
Mosquito Creek Expands to Depth

TORONTO, April 26, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce a new discovery 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 Zone with four drill rigs. Detailed drilling results, a drill hole location plan map, level plan and longitudinal section are presented at the end of this release.

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

New Veining Intersected at Depth at Mosquito Creek

Located at a vertical depth of 280 metres below surface, drillhole IM-17-081 intersected a new veining occurrence averaging 23.31 g/t Au over 7.80 metres. This veining occurs in the largely untested area between the former Aurum and Mosquito Creek Mines. Further downhole, at a vertical depth of 400 metres below surface, a second vein set grading 7.43 g/t Au over 2.00 metres was also intersected. Because of the lack of drilling at this depth, these two occurrences are open for expansion.

Shaft Zone Expands

Drillhole IM-17-085 has intersected series of veins averaging 13.63 g/t Au over 14.55 metres at a vertical depth of 250 metres below surface in the Shaft Zone. This intersection occurs 45 metres along vein strike of previously reported drillhole IM-17-036 which graded 16.96 g/t Au over 5.15 metres hosted in an analogous vein set. Again, this new occurrence is open for expansion in all directions.

The geometry and hence true width of these mineralized intercepts cannot be assuredly concluded at this time based on the information available.

"Our pragmatic and disciplined exploration approach of drill testing the Shaft and Mosquito Creek Zones on aggressively spaced 100 metre drill centres to determine the extents of the mineralized system is consistently generating new zones of veining on Island Mountain", remarked Paul Geddes, P.Geo. the Company's Vice President Exploration. "Guided by our technical teams geological understanding of the controls on mineralization at the Cariboo Gold Project, our success rate has increased dramatically and we are eager to begin an infill drilling program on these new targets while still advancing the target pipeline with aggressively spaced exploratory drilling in this large gold system."

About the Phase II Program

The 130,000 metre 2017 Phase II exploratory and delineation drill program on Island Mountain is intended to determine the extent of the vein systems that were historically never explored, and is aimed at discovering new vein systems and sulphide replacement bodies that will ultimately inform a maiden resource at Island Mountain. Seven drill rigs are currently operating on Island Mountain, with an eighth rig testing for additional mineralization below the former Aurum and Cariboo Gold Quartz Mines which have never been explored since mining operations ceased circa 1960.

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 1,164 square kilometres along a strike length of 60 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 ore milled producing 25,464 ounces of gold. The Company has completed a number of drilling and exploration programs over the past 20 years and is currently compiling this data with all historical information in order develop geologic models which will assist new management and provide the framework to continue to explore 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 Island Mountain Phase II drillholes:

HOLE-ID
FROM (M)
TO (M)
CORE LENGTH (M)
AU (G/T)
AREA
IM-17-079
29.85
30.70
0.85
8.89
MC
IM-17-079
249.40
249.95
0.55
5.65
MC
IM-17-080
148.00
152.30
4.30
4.82
MC
INCL
151.20
151.75
0.55
20.20
MC
IM-17-081
175.30
176.30
1.00
10.90
MC
IM-17-081
257.50
258.00
0.50
28.10
MC
IM-17-081
283.70
291.50
7.80
23.31
MC
INCL
283.70
284.50
0.80
10.15
MC
AND
286.10
287.60
1.50
25.40
MC
AND
287.60
288.50
0.90
18.25
MC
AND
288.50
289.50
1.00
55.70
MC
AND
289.50
290.15
0.65
31.50
MC
AND
290.15
291.00
0.85
48.20
MC
IM-17-081
402.50
404.50
2.00
7.43
MC
IM-17-082
113.00
113.50
0.50
47.60
SHAFT
IM-17-082
139.60
140.15
0.55
6.03
SHAFT
IM-17-082
178.85
183.10
4.25
5.60
SHAFT
INCL
179.90
180.90
1.00
14.80
SHAFT
IM-17-082
200.30
200.80
0.50
21.10
SHAFT
IM-17-082
209.20
209.70
0.50
28.00
SHAFT
IM-17-082
297.60
298.80
1.20
5.56
SHAFT
IM-17-083
20.65
21.15
0.50
11.30
SHAFT
IM-17-083
216.10
216.60
0.50
8.28
SHAFT
IM-17-083
221.65
229.25
7.60
5.78
SHAFT
INCL
221.65
222.30
0.65
21.90
SHAFT
AND
223.50
224.00
0.50
18.05
SHAFT
AND
228.75
229.25
0.50
29.90
SHAFT
IM-17-084



NSA
MC
IM-17-085
291.60
292.30
0.70
21.40
SHAFT
IM-17-085
366.45
381.00
14.55
13.63
SHAFT
INCL
367.40
368.45
1.05
32.60
SHAFT
AND
369.70
370.20
0.50
26.80
SHAFT
AND
377.00
377.85
0.85
155.00
SHAFT
AND
378.65
379.15
0.50
10.55
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. MC = Mosquito Creek, SHAFT = Shaft Zone.

Table 2: Drillhole Collar Orientations:

HOLE-ID
AZIMUTH
DIP
IM-17-079
136.90
-45.20
IM-17-081
139.20
-66.30
IM-17-083
137.30
-41.40
IM-17-080
138.60
-45.30
IM-17-082
142.40
-45.00
IM-17-084
136.60
-45.90
IM-17-085
139.20
-64.30



Island Mountain Level Plan - 1,040m Elevation Shaft Zone (CNW Group/Barkerville Gold Mines Ltd.)

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

SOURCE Barkerville Gold Mines Ltd.


View original content with multimedia: http://www.newswire.ca/en/releases/archive/April2017/26/c7484.html

[OTCdoc]

Gap Fill too .70 complete - hopefully will retrace UP now.

[howestreetbull]

Gold Summary for April 18, 2017
2017-04-18 21:25 ET - Market Summary
by Stockwatch Business Reporter
Osisko Gold Royalties Ltd. ( $OR : $15.34) and Eric Sprott's Barkerville Gold Mines Ltd. ( $BGM ) dropped 16 cents to $1.01 on 5.86 million shares. Barkerville had jumped 25 cents to $1.17 Monday on assays of up to 19.2 grams of gold over 54.4 metres from its latest drilling at Island Mountain at its Cariboo gold project in British Columbia. A second hole among the seven currently completed also produced a promotable interval: 11.42 grams per tonne across 28.55 metres. Chris Lodder, president and chief executive officer, says that those two hoes are "widely separated intercepts that cannot be confidently corroborated" by other pierce points, so the geometry and true width of the potential zone "cannot be assuredly concluded" for now.

Mr. Lodder describes the latest drill hits as some of the best so far at Island Mountain, which he says continues to produce new zones of higher-grade mineralization across wide zones. Barkerville will follow up its latest high-grade hits with both wide-spaced expansion holes and close-spaced infill holes to better determine the dimensions of "this potentially strongly mineralized vein corridor," he adds. The company has drills to spare, as seven rigs are currently operating on Island Mountain while an eighth works elsewhere on the Cariboo property. (Barkerville proposes 130,000 metres of drilling in its phase 2 program on the project.)

Mr. Lodder is the fourth fellow to occupy Barkerville's corner office in the past two years. Frank Callaghan, who had been earning $240,000 per year as president and CEO, dashed off in the summer of 2015 ahead of regulatory scrutiny into some of his actions. His interim replacement, Norman Anderson, earned just $24,000 over the six months he filled the role -- which might be why he quit early last year. His replacement, Tom Obradovich, took the job at $300,000 per year but he lasted just six months as well. Unlike the unfortunate Mr. Anderson, both Mr. Callaghan and Mr. Obradovich got big severance cheques last year -- $480,000 for the former and $300,000 for the latter. It is unclear what Mr. Lodder is making, but since the company's salary payroll has increased again, he does not appear to have come cheaply.

[Churak]

booyah...1.11 on TSE...monsta

[howestreetbull]

BGMZF intersects 19.20 g/t Au over 54.40 metres and 11.42 g/t Au over 28.55 metres at Shaft Zone
by @newswire on April 17, 2017

Two Wide Mineralized Stockworks Discovered at Island Mountain

TORONTO, April 17, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce a new discovery from the ongoing 130,000 metre Phase II Island Mountain and Valley Zone exploration drilling program at the Company's flagship Cariboo Gold Project. Detailed drilling results, a drill hole location plan map, vertical section and longitudinal section are presented at the end of this release.

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

New High Grade Stockworks Intersected at Shaft Zone

The Company is very pleased to announce that Island Mountain Shaft Zone drillhole IM-17-072 has discovered a formerly unidentified wide network of high tenor veining grading 19.20 g/t Au over 54.40 metres including 32.06 g/t Au over 30.70 metres. This new intersection consists of several higher-grade intervals including 272.00 g/t Au over 0.50 metres, 760.00 g/t Au over 0.85 metres, 64.20 g/t Au over 0.50 metres, 42.80 g/t Au over 0.50 metres, 65.40 g/t Au over 1.50 metres and 15.80 g/t Au over 1.15 metres. An intensely silica altered and pyritized sandstone package hosts this dense network of mineralized veining. Located 250 metres vertically below surface in the Shaft Zone, this auriferous occurrence is untested by drilling above and below the intersection and is open for expansion. In addition to the aforementioned intersection, IM-17-072 also established auriferous veining grading 25.00 g/t Au over 2.85 metres located 25 metres below surface, 16.55 g/t Au over 5.45 metres 100 metres vertically below surface, followed by 9.41 g/t Au over 3.30 metres 110 metres below surface.

Additional High Grade Stockworks Intersected at Shaft Zone

Situated 180 metres vertically below drillhole IM-17-072 which intersected 19.20 g/t Au over 54.40 metres including 32.06 g/t Au over 30.70 metres, drillhole IM-17-078 has discovered another broad occurrence of sandstone hosted stockwork veining averaging 11.42 g/t Au over 28.55 metres including two subintervals of 30.76 g/t Au over 6.60 and 12.10 g/t Au over 8.15 metres. These new intersections occur at vertical depth of 420 metres below surface, and are open for expansion in all directions due to the extremely limited drilling at this depth.

Because these standalone drillholes constitute two widely separated intercepts that cannot be confidently corroborated by additional drillhole pierce points, the geometry and hence true width of the potential mineralized zone cannot be assuredly concluded at this time.

Chris Lodder, President and CEO of Barkerville Gold Mines, comments, "These intersections are some of the best to date on Island Mountain that continues to produce new zones of higher grade, wide zones of gold mineralization. We will be following up with both wide spaced step out and closer infill drilling in this area to better determine dimensions of this potentially strongly mineralized vein corridor".

About the Phase II Program

The 130,000 metre 2017 Phase II exploratory and delineation drill program on Island Mountain is intended to determine the extent of the vein systems that were historically never explored, and is aimed at discovering new vein systems and sulphide replacement bodies that will ultimately inform a maiden resource at Island Mountain. Seven drill rigs are currently operating on Island Mountain, with an eighth rig testing for additional mineralization below the former Aurum and Cariboo Gold Quartz Mines which have never been explored since mining operations ceased circa 1960.

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 1,164 square kilometres along a strike length of 60 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 ore milled producing 25,464 ounces of gold. The Company has completed a number of drilling and exploration programs over the past 20 years and is currently compiling this data with all historical information in order develop geologic models which will assist new management and provide the framework to continue to explore 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 Island Mountain Phase II drillholes:

HOLE-ID
FROM (M)
TO (M)
CORE LENGTH (M)
AU (G/T)
AREA
IM-17-072
25.50
28.35
2.85
25.00
SHAFT
INCLUDING
25.50
26.60
1.10
32.10
SHAFT
AND
26.60
27.85
1.25
28.70
SHAFT
IM-17-072
107.40
112.85
5.45
16.55
SHAFT
INCLUDING
107.40
108.20
0.80
52.20
SHAFT
AND
109.20
109.85
0.65
68.60
SHAFT
AND
112.35
112.85
0.50
7.09
SHAFT
IM-17-072
119.45
122.75
3.30
9.41
SHAFT
INCLUDING
120.85
122.25
1.40
18.50
SHAFT
IM-17-072
146.65
147.15
0.50
24.90
SHAFT
IM-17-072
200.50
203.10
2.60
17.69
SHAFT
INCLUDING
201.60
202.15
0.55
82.00
SHAFT
IM-17-072
211.60
212.60
1.00
19.40
SHAFT
IM-17-072
223.60
226.85
3.25
5.36
SHAFT
IM-17-072
243.95
247.70
3.65
28.37
SHAFT
INCL
245.45
246.50
1.05
10.00
SHAFT
AND
246.50
247.70
1.20
22.20
SHAFT
IM-17-072
243.95
298.35
54.40
19.20
SHAFT
INCLUDING
257.50
288.20
30.70
32.06
SHAFT
INCLUDING
257.50
258.00
0.50
272.00
SHAFT
AND
258.00
258.85
0.85
760.00
SHAFT
AND
262.70
263.20
0.50
64.20
SHAFT
AND
277.00
277.50
0.50
42.80
SHAFT
AND
281.80
283.30
1.50
65.40
SHAFT
AND
283.30
284.45
1.15
15.80
SHAFT
IM-17-072
328.80
329.60
0.80
13.65
SHAFT
IM-17-072
333.15
333.65
0.50
6.79
SHAFT
IM-17-072
451.20
452.20
1.00
9.46
SHAFT
IM-17-073



ABANDONED
MC
IM-17-074
43.10
45.10
2.00
6.68
MC
INCLUDING
43.60
44.10
0.50
18.15
MC
AND
44.10
44.60
0.50
6.65
MC
IM-17-074
61.90
62.40
0.50
7.48
MC
IM-17-075
72.60
73.20
0.60
23.50
MC
IM-17-075
186.60
187.25
0.65
7.03
MC
IM-17-076
319.80
320.30
0.50
1.33
MC
IM-17-077
373.50
374.30
0.80
4.70
SHAFT
IM-17-078
148.30
148.80
0.50
11.70
SHAFT
IM-17-078
152.90
154.50
1.60
4.10
SHAFT
IM-17-078
459.40
460.15
0.75
5.01
SHAFT
IM-17-078
474.30
502.85
28.55
11.42
SHAFT
INCLUDING
474.30
480.90
6.60
30.76
SHAFT
INCLUDING
475.55
476.10
0.55
219.00
SHAFT
AND
476.10
477.30
1.20
11.00
SHAFT
AND
479.25
479.90
0.65
16.20
SHAFT
AND
479.90
480.90
1.00
52.10
SHAFT
IM-17-078
489.50
497.65
8.15
12.10
SHAFT
INCLUDING
490.10
491.00
0.90
28.60
SHAFT
AND
491.00
491.90
0.90
10.65
SHAFT
AND
491.90
492.50
0.60
13.40
SHAFT
AND
493.85
494.70
0.85
26.50
SHAFT
AND
494.70
495.30
0.60
12.20
SHAFT
AND
496.80
497.65
0.85
23.50
SHAFT
IM-17-078
512.65
513.55
0.90
13.55
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.

Table 2: Drillhole Collar Orientations:

HOLE-ID
AZIMUTH
DIP
IM-17-072
142.90
-62.90
IM-17-073
129.20
-63.20
IM-17-074
138.20
-63.80
IM-17-075
138.90
-44.60
IM-17-076
139.20
-64.50
IM-17-078
140.20
-65.30
IM-17-077
139.70
-45.50

Island Mountain Vertical Section - Drillhole IM-17-078 (CNW Group/Barkerville Gold Mines Ltd.)

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

SOURCE Barkerville Gold Mines Ltd.


View original content with multimedia: http://www.newswire.ca/en/releases/archive/April2017/17/c2914.html

[Churak]

Halted on TSE...hopefully, good news

[Churak]

PEEPS!!! WAKE DA FARK UP!!! lol

[Churak]

wowsers...

[howestreetbull]

BGMZF Intersects 14.10 g/t Au over 20.00 Metres at Shaft Zone
by @newswire on April 12, 2017
New High Grade Veining Expands Shaft Zone to Southwest

TORONTO, April 12, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional 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 new Valley Zone with four drill rigs. Detailed drilling results, a drill hole location plan map, level plan and longitudinal section are presented at the end of this release.

High Tenor Gold Veining Further Expands Shaft Zone

The 130,000 metre Phase II exploration and delineation drill program on Island Mountain has again demonstrated the tenor and size potential of the vein systems that exist at the Cariboo Gold Project. At a vertical of depth of 400 metres vertically below surface and 150 metres footwall to the former Aurum Mine, drillhole IM-17-068 intersected a new and previously unidentified occurrence of significant veining overall grading 14.10 g/t Au over 20.00 metres. Higher grade intercepts within this corridor include 40.00 g/t Au over 0.70 metres and 373.00 g/t Au over 0.65 metres. Because no other drillholes occur within 150 metres of this newly tested area of the mineralized system, this portion of the larger Shaft Zone is open for expansion in all directions.

At a depth of only 80 metres vertically below surface, IM-17-068 also intersected another corridor of veining averaging 7.76 g/t Au over 10.45 metres which included 9.52 g/t Au over 1.10 metres and 56.00 g/t Au over 1.10 metres. This new veining is again open for expansion along vein strike to the southwest and down dip.

Chris Lodder, President and CEO comments, "The Valley Zone drilling identifies several new robust vein corridors in the previously unexplored area between Cow and Island Mountains. We're encouraged by the denser than expected vein intensity identified by the drilling and are planning more step outs to extend the dimensions of the intersected vein corridors both along strike and down dip."

About the Phase II Program

The 130,000 metre 2017 Phase II exploratory and delineation drill program on Island Mountain is intended to determine the extent of the vein systems that were historically never explored, and is aimed at discovering new vein systems and sulphide replacement bodies that will ultimately inform a maiden resource. Seven drill rigs are currently operating on Island Mountain, with an eighth rig testing for additional mineralization below the former Aurum and Cariboo Gold Quartz Mines which have never been explored since mining operations ceased circa 1960.

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 1,164 square kilometres along a strike length of 60 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 ore milled producing 25,464 ounces of gold. The Company has completed a number of drilling and exploration programs over the past 20 years and is currently compiling this data with all historical information in order develop geologic models which will assist new management and provide the framework to continue to explore 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 Island Mountain Phase II drillholes:







HOLE-ID
FROM (M)
TO (M)
CORE LENGTH (M)
AU (G/T)
AREA
IM-17-051
87.35
92.00
4.65
6.02
SHAFT
INCLUDING
87.35
88.80
1.45
10.05
SHAFT
IM-17-051
218.55
223.75
5.20
7.48
SHAFT
INCLUDING
221.10
222.00
0.90
38.40
SHAFT
IM-17-064
37.60
41.40
3.80
4.79
SHAFT
INCLUDING
37.60
38.10
0.50
8.27
SHAFT
AND
38.60
39.10
0.50
13.30
SHAFT
AND
40.90
41.40
0.50
13.35
SHAFT
IM-17-064
128.70
130.10
1.40
22.76
SHAFT
INCLUDING
129.60
130.10
0.50
54.50
SHAFT
IM-17-064
276.00
276.50
0.50
22.80
SHAFT
IM-17-064
423.10
424.00
0.90
6.46
SHAFT
IM-17-065
133.50
134.00
0.50
31.50
SHAFT
IM-17-066
81.90
83.00
1.10
7.70
SHAFT
IM-17-066
87.00
88.50
1.50
12.75
SHAFT
IM-17-066
109.50
110.20
0.70
13.25
SHAFT
IM-17-067



ASSAYS PENDING

IM-17-068
83.25
93.70
10.45
7.76
SHAFT
INCLUDING
83.25
84.35
1.10
9.52
SHAFT
AND
87.90
89.00
1.10
56.00
SHAFT
IM-17-068
222.30
223.60
1.30
13.70
SHAFT
IM-17-068
413.00
433.00
20.00
14.10
SHAFT
INCLUDING
414.50
415.20
0.70
40.00
SHAFT
AND
428.90
429.55
0.65
373.00
SHAFT
IM-17-068
445.40
446.50
1.10
7.78
SHAFT
IM-17-069
108.00
108.60
0.60
5.08
MC
IM-17-070
277.60
278.20
0.60
12.05
MC
IM-17-070
390.20
391.00
0.80
10.25
MC
IM-17-071
291.70
292.40
0.70
14.40
SHAFT
IM-17-071
421.95
422.45
0.50
22.60
SHAFT
IM-17-071
486.00
487.00
1.00
11.70
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. NSA – No Significant Assays, Shaft = Shaft Zone, MC = Mosquito Creek.

Table 2: Drillhole Collar Orientations




HOLE-ID
AZIMUTH
DIP
IM-17-051
133.70
-64.50
IM-17-064
139.50
-64.60
IM-17-065
139.30
-43.30
IM-17-066
140.20
-63.70
IM-17-068
137.10
-65.80
IM-17-069
135.90
-41.80
IM-17-070
138.60
-64.30
IM-17-071
140.40
-65.70



Island Mountain Drillhole Location Map with Terrain Model and Mine Development April 2017 (CNW Group/Barkerville Gold Mines Ltd.)



Island Mountain Vertical Longitudinal Section Looking Northeast 200 metre Envelope April 2017 (CNW Group/Barkerville Gold Mines Ltd.)



Island Mountain Level Plan Shaft Zone 1,030 metres Elevation 60 metre Envelope April 2017 (CNW Group/Barkerville Gold Mines Ltd.)



SOURCE Barkerville Gold Mines Ltd.


View original content with multimedia: http://www.newswire.ca/en/releases/archive/April2017/12/c8077.html

[howestreetbull]

BGMZF Intersects 15.04 g/t Au over 8.05 Metres at Shaft Zone
by @newswire on April 11, 2017
New Valley Zone Drilling Demonstrates Depth Continuity

TORONTO, April 11, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional 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 new Valley Zone with four drill rigs. Detailed drilling results, a drill hole location plan map, level plan and longitudinal section are presented at the end of this release.

Drilling Highlights:

CM-17-012: 10.35 g/t Au over 7.85 metres
CM-17-012: 6.62 g/t Au over 5.85 metres
IM-17-060: 8.21 g/t Au over 3.75 metres
IM-17-063: 15.04 g/t Au over 8.05 metres
Note: True widths cannot be accurately determined from the information available therefore core lengths are reported.

New Deep Drilling at Valley Zone

The Company is very pleased to announce that the first drillhole to test the Valley Zone since the former Cariboo Gold Quartz Mine development ceased circa 1960 has successfully demonstrated the existence of auriferous veining in the near surface and at new depths. Drillhole CM-17-012 was collared in the valley between Cow and Island Mountains and intersected veining grading 10.35 g/t Au over 7.85 metres at a vertical depth of 75 metres below surface followed by a second vein set averaging 6.52 g/t Au over 3.05 metres. At a vertical depth of 310 metres, the same drillhole intersected a new occurrence of veining at the Shaft Zone grading 6.52 g/t Au over 5.85 metres in an area that was never historically explored or developed. Further down the hole at a depth below surface of 400 metres, a fourth occurrence of veining was intersected grading 10.15 g/t Au over 0.80 metres. These latter intersections represent the deepest occurrences of vein mineralization drilled to date at the Cariboo Gold Project, are untested by drilling in all directions and remain open for expansion.

Shaft Zone Continues to Expand to Depth

Infill drillhole IM-17-063 intersected 15.04 g/t Au over 8.05 metres 80 metres vertically below surface in the southeastern extension of the Shaft Zone. The veining and semi-massive sulphide replacement style mineralization demonstrates exceptional downhole grade continuity as illustrated in Table 1. Drillhole IM-17-052 is located 50 metres along strike to the southwest of this intersection and graded 28.28 g/t Au over 3.30 metres.

Averaging 8.21 g/t Au over 3.75 metres, Shaft Zone step-out drillhole IM-17-060 intersected veining 75 metres down dip of previously reported drillhole IM-17-058 which intersected 31.22 g/t Au over 7.50 metres including 197.00 g/t Au over 1.10 metres. Again, this new occurrence is untested and open for expansion in all directions.

About the Phase II Program

The 130,000 metre 2017 Phase II exploratory and delineation drill program on Island Mountain is intended to determine the extent of the vein systems that were historically never explored, and is aimed at discovering new vein systems and sulphide replacement bodies that will ultimately inform a maiden resource. Seven drill rigs are currently operating on Island Mountain, with an eighth rig testing for additional mineralization below the former Aurum and Cariboo Gold Quartz Mines which have never been explored since mining operations ceased circa 1960.

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 1,164 square kilometres along a strike length of 60 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 ore milled producing 25,464 ounces of gold. The Company has completed a number of drilling and exploration programs over the past 20 years and is currently compiling this data with all historical information in order develop geologic models which will assist new management and provide the framework to continue to explore 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 Island Mountain Phase II drillholes:







HOLE-ID
FROM (M)
TO (M)
CORE LENGTH (M)
AU (G/T)
AREA
CM-17-012
94.50
102.35
7.85
10.35
VALLEY
INCL
94.50
100.10
5.60
13.30
VALLEY
INCL
94.50
95.20
0.70
34.80
VALLEY
AND
98.70
99.35
0.65
21.10
VALLEY
AND
99.35
100.10
0.75
39.40
VALLEY
CM-17-012
117.15
120.20
3.05
6.52
VALLEY
INCL
119.20
120.20
1.00
12.00
VALLEY
CM-17-012
144.00
144.55
0.55
8.27
VALLEY
CM-17-012
206.45
207.20
0.75
25.80
VALLEY
CM-17-012
446.45
452.30
5.85
6.62
VALLEY
INCL
446.45
447.50
1.05
13.65
VALLEY
AND
449.10
450.40
1.30
11.55
VALLEY
CM-17-012
581.90
582.70
0.80
10.15
VALLEY
IM-17-057
322.00
323.00
1.00
7.25
SHAFT
IM-17-060
84.45
84.95
0.50
8.68
SHAFT
IM-17-060
232.25
236.00
3.75
8.21
SHAFT
INCL
232.25
233.15
0.90
11.10
SHAFT
AND
233.85
234.50
0.65
27.10
SHAFT
IM-17-061
45.60
46.50
0.90
39.30
MC
IM-17-061
68.25
70.00
1.75
9.41
MC
INCL
68.25
68.75
0.50
21.20
MC
IM-17-061
335.00
337.50
2.50
6.92
MC
INCL
336.05
336.55
0.50
34.00
MC
IM-17-062
144.65
145.50
0.85
2.89
SHAFT
IM-17-063
169.20
177.25
8.05
15.04
SHAFT
INCL
169.20
169.70
0.50
29.70
SHAFT
AND
170.70
171.20
0.50
21.80
SHAFT
AND
171.20
171.70
0.50
18.40
SHAFT
AND
171.70
172.20
0.50
28.00
SHAFT
AND
172.20
172.70
0.50
60.10
SHAFT
AND
175.20
175.70
0.50
26.50
SHAFT
AND
176.20
176.75
0.55
27.10
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 and not included in the composites. Top cuts have not been applied to high grade assays. NSA – No Significant Assays, Shaft = Shaft Zone, MC = Mosquito Creek.

Table 2: Drillhole Collar Orientations:




HOLE-ID
AZIMUTH
DIP
IM-17-057
136.00
-64.70
IM-17-060
141.10
-65.20
IM-17-061
136.80
-64.10
IM-17-062
139.20
-46.10
IM-17-063
138.10
-44.40
CM-17-012
312.30
-45.60


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



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



Island Mountain Level Plan 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/April2017/11/c4217.html

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BGMZF Announces Mineral Resource Update at Barkerville Mountain to Support Bonanza Ledge Operations

TORONTO, April 6, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce an updated mineral resource estimate for Barkerville Mountain at the Company's flagship Cariboo Gold Project (the "CGP" or "Cariboo Gold Project"). The undiluted and in-situ mineral resource estimate incorporates the Bonanza Ledge ("BL") and BC Vein ("BCV") deposits reported at underground cutoff grades (3.50 grams per tonne ("g/t") of gold ("Au")). Table 1 summarizes the updated mineral resources estimate for Barkerville Mountain (including the BCV and BL deposits), whereas Table 2 and Table 3 summarize the mineral resource estimate for the BCV and BL deposits, respectively. The updated mineral resource estimate was conducted by InnovExplo Inc., an independent consulting firm based out of Val-d'Or, Québec, and includes drilling campaigns from 2015 and 2016. The updated mineral resource estimate is supported by a new understanding of geological controls on gold mineralization at the Cariboo Gold Project developed by the Company's technical team. 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 Barkerville commented, "These mineral resources on Barkerville Mountain are anticipated to support our recently announced initial underground operation at Bonanza Ledge on Barkerville Mountain which received all required permits as per News Release on April 4, 2017. BGM targets a mine life of just over 2 years from Bonanza Ledge and 2 further years from the nearby BC Vein. After completion of mining of these two deposits, we aim to have a new larger milling facility on site provided results at the larger targets we are presently exploring justify the facilities. Mine development is already initiated with mining contracts having been awarded and all required mining equipment delivered and assembled at site. The Company has also began commissioning its 100% owned and fully permitted QR mill with low grade stock pile. Processing of material from Bonanza Ledge is expected to begin in July 2017. The Company will provide regular operational updates as production advances throughout the course of 2017. At the same time, we continue to aggressively explore with eight drill rigs on Island Mountain and the Valley Zone between Cow and Island Mountains. The objective of this drilling campaign is the definition of a larger resource to support our principal business objective which is to develop a long life, low impact mine with a new on site processing facility."

Table 1: 2017 Barkerville Mountain Mineral Resource Estimate reported at a 3.50 g/t Au cut-off grade (BC Vein and Bonanza Ledge).

CATEGORY
TONNES (T)
AU (G/T)
CONTAINED AU (OZ)
MEASURED
248,200
8.07
64,400
INDICATED
436,700
6.72
94,400
TOTAL M+I
684,900
7.21
158,800
INFERRED
108,100
5.34
18,600


Table 2: BC Vein Mineral Resource Estimate reported at a 3.50 g/t Au cut-off grade.

CATEGORY
TONNES (T)
AU (G/T)
CONTAINED AU (OZ)
INDICATED
381,500
6.93
85,000
INFERRED
108,100
5.34
18,600


Table 3: Bonanza Ledge Mineral Resource Estimate reported at a 3.50 g/t Au cut-off grade.

CATEGORY
TONNES (T)
AU (G/T)
CONTAINED AU (OZ)
MEASURED
248,200
8.07
64,400
INDICATED
55,200
5.30
9,400
TOTAL M+I
303,400
7.57
73,800
INFERRED
-
-
-


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.

Technical considerations for the estimation:

Each of Karine Brousseau, P.Eng and Carl Pelletier, P.Geo, B.Sc. of InnovExplo Inc. is an independent "qualified person" (as defined in NI 43-101) responsible for the 2017 mineral resource estimate. The effective date of the 2017 mineral resource estimate is March 21, 2017.
Mineral resources are not mineral reserves and do not have demonstrated economic viability.
Results are presented in-situ and undiluted.
The estimate includes two gold zones.
Sensitivity was assessed using cut-off grades of 1.50, 2.00, 2.50, 3.00, 3.50, 4.00, 4.50, 5.00 and 6.00 g/t Au. The final underground resource is reported at a cut-off grade of 3.50 g/t Au. Cut-off grades must be re-evaluated considering prevailing market conditions (including gold prices, exchange rates and mining costs).
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 metres 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 metres for BC Vein and Bonanza Ledge with 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 ½ 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 metres x 2 metres x 5 metres).
The "inferred mineral resource" 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. The "indicated mineral resource" 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 metres for blocks interpolated in Pass 1. The "measured mineral resource" 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 metres for blocks interpolated in Pass 1 and in close proximity with the sampled open pit (< 40 metres).
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 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.
Table 4: Input parameters used for determination of underground cut-off grade. Gold price and exchange rates are based upon three year trailing averages.

PARAMETER
UNIT
VALUE
EXCHANGE RATE
USD/CAD
1.31
GOLD PRICE
$US/OZ
$ 1,222.00
GOLD PRICE
$CAD/OZ
$ 1,602.00
PROCESSING COSTS
$C/T
$ 25.00
PROCESS RECOVERY
%
95%
DILUTION
%
0%
GLOBAL MINING COST
$C/T
$ 130.00
TOTAL COST
$C/T
$ 155.00


2017 Mineral Resource Estimation Methodology

The 2017 mineral resource for Barkerville Mountain was created in GEMS software using 3D block modelling and the ordinary kriging interpolation (OK) method. The resource area measures 1,525 metres along strike, 250 metres wide and 500 metres deep. The resource estimate is based on a compilation of historical and recent diamond drill holes and wireframed mineralized zones constructed by InnovExplo Inc.

The diamond drill hole database contains 659 surface diamond drill holes and 109 underground drill holes. A selection of 680 holes was considered for the resource estimate. From these, a subset of 496 holes (436 from surface and 60 from underground) cut across the mineralized zones. The database also contains 7,688 production blast holes, which were used as guidelines for interpretation purposes only.

Data verification included a site visit to the Barkerville Mountain field site as well as to the logging facilities. It also included a review and re-sampling of selected core intervals, drill hole collar locations, assays, the newly implemented QA/QC program, downhole surveys, information on mined-out areas, and the descriptions of lithologies, alteration and structures.

To conduct accurate resource modelling of the deposit, InnovExplo Inc. based its mineralized-zone wireframe model on the drill hole database and it's knowledge of the Bonanza Ledge deposit and similar deposits. In doing so, InnovExplo Inc. created two mineralized solids that honor the drill hole database. Construction lines were created on cross sections varying in spacing from 5 metres to 25 metres, which were snapped to drill hole intercepts to produce valid solids.

The Bonanza Ledge wireframe was inspired by a sulfide shell of previous work using a threshold of 3% pyrite content and clipped on the footwall fault located to the south-west, which was modeled from drill log descriptions. The BC Vein wireframe was largely inspired by Barkerville's geologist interpretation.

To minimize any bias introduced by the variable sample lengths, the raw gold assays of the drillholes were composited within each mineralized zone. The thickness of the mineralized domains, the proposed block size, and the original sample length were taken into consideration for the selected composite length. For the BC Vein and the Bonanza Ledge zones composites of 2.0 metres with distributed tails were selected. All intervals within solids that are not assayed were given a value of zero during compositing.

Given the density of the processed data, the search ellipse criteria, the drill hole density and the specific interpolation parameters, InnovExplo Inc. believes the current mineral resource estimate can be classified using the "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" categories. The estimate is compliant with CIM standards and guidelines for reporting mineral resources and mineral reserves.

Prior Technical Report on Non-Material Property Outdated

The Company's flagship Cariboo Gold Project described in this press release is the primary focus of the Company at this stage and is the only material mining property of the Company. The Company notes that while a prior technical report in respect of the Cariboo Gold Project, entitled "Barkerville Gold Mines Ltd., Cow Mountain NI 43-101 Technical Report, Project No. V1458" dated May 15, 2015 (effective date of March 31, 2015) was prepared by Snowden Mining Industry Consultants and filed, however, the Company cautions that the information in that report is outdated and should no longer be relied upon. The Company anticipates ongoing drilling work and geological modeling of the Cow Mountain, Valley Zone and Island Mountain areas will attenuate the prior understanding of the potential of the Cow Mountain resource. An updated resource estimate and technical report will be disclosed in due course.

Qualified Persons
Each of Karine Brousseau, P.Eng and Carl Pelletier, P.Geo, B.Sc. of InnovExplo Inc. is an independent "qualified person" (as defined in NI 43-101) responsible for this mineral resource estimate. InnovExplo Inc. acknowledges that it has reviewed the technical disclosure presented in this news release and that it is devoid of errors. Paul Geddes, P.Geo., Vice President Exploration of Barkerville, is a "qualified person" (as defined in NI 43-101) for the Company and has reviewed and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practice Guidelines in conducting, documenting, and reporting its exploration activities on the Cariboo Gold Project.

Chris Lodder
President & Chief Executive Officer
Suite 400-365 Bay Street
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

This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities legislation (collectively, "forward-looking information") that involve substantial known and unknown risks and uncertainties. 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, statements about the timing and ability, if at all, of the Company to file an updated technical report for the Cariboo Gold Project; the updated resources on Barkerville Mountain supplying our initial operation on the Cariboo Gold Project for the next three years; the ability, if at all, of our exploration department to develop a greater resource required for our principal business objectives (developing a low impact, sustainable, producing mine with a new near site processing facility); the underground cut-off grade and the parameters used to determine the underground cut-off grade (including gold prices, exchange rates and mining costs); the growth of the Cariboo Gold Project; positive cash flows; the development of a new centrally located processing facility, including a facility that may be supported by other deposits in the camp; the Company's exploration showing strong results that may lead to a new property scale mineral resource statement; an updated resource estimate and technical report which will include the Island Mountain, Cow Mountain and Barkerville Mountain areas; the Company's objectives, goals or future plans; 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, the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management's geological modelling; 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 other risks relating to the mineral exploration and development industry, including those risks forth out in the public documents filed on SEDAR under Barkerville's issuer profile at www.sedar.com. 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 of securities of the Company 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. The Company 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 ("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.

SOURCE Barkerville Gold Mines Ltd.


To view the original version on PR Newswire, visit: http://www.newswire.ca/en/releases/archive/April2017/06/c1328.html

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BGMZF Intersects 31.22 g/t Au Over 7.50 Metres at Shaft Zone

New Mineralized Veins Expand Mosquito Creek to Depth

TORONTO, April 5, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional 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 Island Mountain with seven drill rigs and has now relocated an eighth rig to the Valley Zone which occurs between Cow and Island Mountains. Detailed drilling results, a drill hole location plan map, level plan and longitudinal section are presented at the end of this release.

Island Mountain Drillhole Location Map with Terrain Model and Mine Development, April 2017 (CNW Group/Barkerville Gold Mines Ltd.)

Drilling Highlights:

IM-17-045: 14.01 g/t Au over 5.25 metres
IM-17-049: 7.73 g/t Au over 8.35 metres
IM-17-050: 12.60 g/t Au over 6.00 metres
IM-17-058: 31.22 g/t Au over 7.50 metres
Note: True widths cannot be accurately determined from the information available therefore core lengths are reported.


Shaft Zone Continues to Demonstrate Continuity

31.22 g/t Au over 7.50 metres including 197.00 g/t Au over 1.10 metres was intersected by drillhole IM-17-058 in the southeastern portion of the Shaft Zone at a shallow depth of 80 metres below surface. This veining intersection correlates very well with previously reported veining defined by drillholes IM-17-046 which intersected 15.76 g/t Au over 4.00 metres 50 metres along vein strike and IM-17-033 which intersected 7.84 g/t Au over 3.80 metres, 150 metres along vein strike to the northeast. This newly defined high grade intersection is untested along strike to the southwest and is open for expansion at depth.

Averaging 7.73 g/t Au over 8.35 metres, drillhole IM-17-049 was successful in demonstrating vertical continuity with previously reported drillhole BGM-16-529 which intersected veining grading
6.90 g/t Au over 11.45 metres. The two drillhole intersections are separated by a vertical distance of 60 metres and remain untested below 250 metres vertical depth.

New Mineralization Expands Mosquito Creek to Depth

At vertical depths of 250 and 320 metres vertically below surface in the Mosquito Creek area, drillhole IM-17-045 intersected new veining grading 7.96 g/t Au over 3.75 metres and 14.01 g/t Au over 5.52 metres respectively. These new occurrences occur 100 metres northwest of previously reported 2016 Phase I drillhole BGM-16-527 which intersected deep veining grading 10.34 g/t Au over 11.50 metres at a vertical depth of 400 metres below surface. Additionally, drillhole IM-17-054 intersected another occurrence averaging 6.99 g/t Au over 3.10 metres situated 100 metres northwest of IM-17-045. The new veining outlined by these widely spaced, 100 metre centered drillholes is open for expansion in all directions.

About the Phase II Program

The 130,000 metre 2017 Phase II exploratory and delineation drill program on Island Mountain is intended to determine the extent of the vein systems that were historically never explored, and is aimed at discovering new vein systems and sulphide replacement bodies that will ultimately inform a maiden resource. Seven drill rigs are currently operating on Island Mountain, with an eighth rig testing for additional mineralization below the former Aurum and Cariboo Gold Quartz Mines which have never been explored since mining operations ceased circa 1960.

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 1,164 square kilometres along a strike length of 60 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 ore milled producing 25,464 ounces of gold. The Company has completed a number of drilling and exploration programs over the past 20 years and is currently compiling this data with all historical information in order develop geologic models which will assist new management and provide the framework to continue to explore 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 Island Mountain Phase II drillholes:







HOLE-ID
FROM (M)
TO (M)
CORE LENGTH (M)
AU (G/T)
AREA
IM-17-045
278.10
281.85
3.75
7.96
MC
INCLUDING
278.10
279.10
1.00
18.00
MC
AND
280.60
281.10
0.50
20.70
MC
IM-17-045
358.90
364.15
5.25
14.01
MC
INCLUDING
358.90
359.40
0.50
13.70
MC
AND
361.00
362.00
1.00
23.60
MC
AND
362.00
363.05
1.05
30.60
MC
IM-17-045
399.80
401.80
2.00
5.62
MC
IM-17-045
460.30
460.80
0.50
10.85
MC
IM-17-047
134.60
135.75
1.15
20.93
SHAFT
INCLUDING
135.15
135.75
0.60
34.80
SHAFT
IM-17-047
243.50
245.30
1.80
16.53
SHAFT
INCLUDING
244.65
245.30
0.65
45.50
SHAFT
IM-17-049
124.75
125.25
0.50
28.30
SHAFT
IM-17-049
309.70
310.75
1.05
11.00
SHAFT
IM-17-049
357.65
366.00
8.35
7.73
SHAFT
INCLUDING
360.20
361.00
0.80
45.10
SHAFT
AND
363.65
364.85
1.20
15.80
SHAFT
IM-17-050
213.00
219.00
6.00
12.60
4300
INCLUDING
214.00
214.80
0.80
63.40
4300
AND
214.80
215.30
0.50
45.80
4300
IM-17-050
425.15
426.70
1.55
7.57
SHAFT
INCLUDING
425.90
426.70
0.80
13.75
SHAFT
IM-17-051



ASSAYS PENDING

IM-17-053
17.70
21.00
3.30
7.89
MC
INCLUDING
18.30
19.80
1.50
14.30
MC
AND
19.80
20.20
0.40
10.50
MC
IM-17-053
36.00
39.80
3.80
11.03
MC
INCLUDING
38.00
39.00
1.00
25.10
MC
IM-17-053
122.00
123.00
1.00
10.55
MC
IM-17-054
307.40
310.50
3.10
6.99
MC
INCLUDING
308.50
309.00
0.50
19.05
MC
AND
310.00
310.50
0.50
22.30
MC
IM-17-055
203.25
204.10
0.85
3.50
MC
IM-17-056
84.00
85.50
1.50
4.42
MC
IM-17-057



ASSAYS PENDING

IM-17-058
157.65
158.15
0.50
12.35
SHAFT
IM-17-058
188.50
196.00
7.50
31.22
SHAFT
INCLUDING
190.75
191.85
1.10
197.00
SHAFT
IM-17-059
91.90
92.60
0.70
4.14
MC


True widths cannot be accurately determined from the information available therefore core lengths are reported. Rock not recovered by drilling was assigned zero grade and not included in the composites. Top cuts have not been applied to high grade assays. NSA – No Significant Assays, Shaft = Shaft Zone, MC = Mosquito Creek.


Table 2: Drillhole Collar Orientations




HOLE-ID
AZIMUTH
DIP
IM-17-045
136.50
-63.90
IM-17-047
133.70
-44.20
IM-17-049
134.60
-44.70
IM-17-050
134.90
-64.20
IM-17-053
142.60
-45.40
IM-17-054
137.90
-65.20
IM-17-055
138.30
-44.80
IM-17-056
141.80
-65.00
IM-17-058
139.80
-46.20
IM-17-059
138.20
-64.30



Island Mountain Level Plan, Shaft Zone, 1,250 Metres Elevation, 60 Metres Envelope, April 2017 (CNW Group/Barkerville Gold Mines Ltd.)

Island Mountain Vertical Section, Shaft Zone, 110 Metre Envelope, April 2017 (CNW Group/Barkerville Gold Mines Ltd.)

Island Mountain, Vertical Longitudinal Section, Looking Northeast, 200 Metre Envelope, April 2017 (CNW Group/Barkerville Gold Mines Ltd.)

SOURCE Barkerville Gold Mines Ltd.


To view the original version on PR Newswire, visit: http://www.newswire.ca/en/releases/archive/April2017/05/c8335.html

[howestreetbull]

BGMZF receives permit for mining on Barkerville Mountain

TORONTO, April 4, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) ("BGM" or the "Company") announces that it has successfully completed the permit amendment process required by the Mines Act (British Columbia), and has received the required permits to begin the development and mining of the Bonanza Ledge Deposit on Barkerville Mountain near Wells, British Columbia. Mine development is expected to begin immediately, with processing of the mineralized material expected to occur approximately three months thereafter. Bonanza Ledge mineralized material will be processed at BGM's 100% owned QR mill facility located 110 kilometres from the deposit by road. The mill and tailings facilities are currently permitted and operational. The Bonanza Ledge mine is permitted to produce up to 150,000 tonnes per year.

Chris Lodder, President and CEO comments: "This initial production is important to our growth plan in the Cariboo Gold Project. In addition to generating positive cash flow, this underground operation allows BGM to train a local workforce and gain expertise in mining and processing in the district. This experience will assist in the development of other deposits in the camp and the eventual construction of a new centrally located processing facility. In conjunction with this production, BGM's aggressive exploration program continues and will eventually lead to a property scale mineral resource estimate."

Qualified Person
The scientific and technical content of this news release has been reviewed, prepared and approved by Paul Geddes, P.Geo., Vice President Exploration of BGM, who is a "qualified person" as defined by 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. The Company'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 BGM 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 ore milled producing 25,464 ounces of gold. The Company has completed several drilling and exploration programs over the past 20 years and is 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
This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities legislation (collectively, "forward-looking information") that involve substantial know and unknown risks and uncertainties. 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, statements about the Company receiving the required permits to begin development and mining of the Bonanza Ledge Deposit; mine development beginning immediately; processing of mineralized material occurring within three months; mineralized material from the Bonanza Ledge Deposit being processed at the Company's 100% owned QR mill facility; the Company's mill and tailings facilities being permitted and operational; the expected production from the Bonanza Ledge Deposit through 2020; the growth of the Cariboo Gold Project; positive cash flows; the development of a new centrally located processing facility, including a facility that may be supported by other deposits in the camp; the Company's exploration showing strong results that may lead to a new property scale mineral resource statement; the Company's objectives, goals or future plans; 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, the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management's geological modelling; 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 other risks relating to the mineral exploration and development industry, including those risks forth out in the public documents filed on SEDAR under the Company's issuer profile at www.sedar.com. 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, BGM cannot assure shareholders and prospective purchasers of securities of the Company 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 the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company 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.

Cautionary Statement Regarding the Development and Mining Decision
The Company advises that it has not based its production decision on a feasibility study of mineral reserves, demonstrating economic and technical viability and, as a result, there may be increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit. Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that production will begin as anticipated or at all, or that anticipated production costs will be achieved. Failure to commence production would have a material adverse impact on the Company's ability to generate revenue and cash flow to fund operations. Failure to achieve the anticipated production costs would have a material adverse impact on the Company's cash flow and future profitability. The Company further cautions that the Company's current technical report in respect of Bonanza Ledge Deposit on Barkerville Mountain near Wells, British Columbia, entitled "NI 43-101 Technical Report: Pre-Feasibility Study of the Bonanza Ledge Deposit, Wells, BC, Canada" dated effective August 17, 2009 is preliminary in nature. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that the feasibility study will be realized.

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.

SOURCE Barkerville Gold Mines Ltd.


To view the original version on PR Newswire, visit: http://www.newswire.ca/en/releases/archive/April2017/04/c3547.html

[Churak]

nice last couple of days and no one cares...

[howestreetbull]

BGM.v /OR.to Immediately following the closing of the Transaction, Osisko owns, beneficial ownership of, or control and direction over 116,372,506 common shares of Barkerville, representing approximately 35.2% of Barkerville's issued and outstanding common shares.




by @marketwired on March 29, 2017
Early Warning Release


MONTREAL, QUEBEC--(Marketwired - Mar 29, 2017) - Osisko Gold Royalties Ltd (TSX:OR)(NYSE:OR) ("Osisko") announces that it has entered into a binding purchase agreement with 2176423 Ontario Ltd. ("2176423"), a company controlled by Mr. Eric S. Sprott, whereby Osisko has agreed to acquire ownership from 2176423 of an aggregate of 55,281,643 common shares in the capital of Barkerville Gold Mines Ltd. (TSX VENTURE:BGM) ("Barkerville") at a purchase price of $0.509 per share (the "Barkerville Shares") for an aggregate price of $28,138,356.29 (the "Transaction"). Barkerville is located at 1111 Melville Street, 11th Floor, Vancouver, British Columbia, V6E 3V6.

Immediately prior to the closing of the Transaction, Osisko held 61,090,863 common shares of Barkerville, representing approximately 18.5% of Barkerville's issued and outstanding common shares. Immediately following the closing of the Transaction, Osisko owns, beneficial ownership of, or control and direction over 116,372,506 common shares of Barkerville, representing approximately 35.2% of Barkerville's issued and outstanding common shares.

Osisko acquired the Barkerville Shares described in this press release for investment purposes and in accordance with applicable securities laws. Osisko may, from time to time and at any time, acquire additional shares and/or other equity, debt or other securities or instruments (collectively, "Securities") of Barkerville in the open market or otherwise, and reserves the right to dispose of any or all of its Securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the Securities, the whole depending on market conditions, the business and prospects of Barkerville and other relevant factors.

A copy of the early warning report to be filed by Osisko in connection with the Transaction described above will be available on SEDAR under Barkerville's profile. This news release is issued under the early warning provisions of the Canadian securities legislation.

2176423 Ontario Ltd.

Mr. Sprott currently holds indirectly, through 2176423, 55,281,643 common shares of Barkerville and 3,260,000 common share purchase warrants, representing approximately 16.7% of the outstanding common shares of Barkerville on a non-diluted basis and 17.5% on a partially diluted basis assuming exercise of the warrants. Immediately following the closing of the Transaction, Mr. Sprott will hold indirectly 3,260,000 warrants, representing approximately 1% of the outstanding common shares on a partially diluted basis. Mr. Sprott sold the Barkerville Shares for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional Barkerville securities either on the open market or through private acquisitions or sell Barkerville securities either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors. A copy of Mr. Sprott's early warning report will appear on Barkerville's profile on SEDAR and may also be obtained by calling [phone] (200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario, M5J 2J2.

About Osisko Gold Royalties Ltd

Osisko is an intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014. It holds over 50 royalties and streams, including a 5% NSR royalty on the Canadian Malartic Mine (Canada), a 2.0-3.5% NSR royalty on the Éléonore Mine (Canada) and a silver stream on the Gibraltar Mine (Canada). It maintains a strong financial position and has distributed $30.8 million in dividends to its shareholders during the past nine consecutive quarters.

Osisko's head office is located at 1100 avenue des Canadiens-de-Montréal, Suite 300, Montréal, Québec, H3B 2S2.


Vincent Metcalfe
Vice President, Investor Relations
[phone]
[e-mail]
Joseph de la Plante
Vice President, Corporate Development
[phone]
[e-mail]

[howestreetbull]

Barkerville Gold Mine Ltd* (BGM : $0.52), Net Change: 0.05, % Change: 9.47%, Volume: 879,110 Osisko Gold Royalties Ltd* (OR : $14.98), Net Change: -0.41, % Change: -2.66%, Volume: 493,354 ALL TOLD, IT’S ALL ABOUT THE GOLD. Barkerville Gold Mines announced on Monday that it entered into agreement with Osisko Gold Royalties, whereby Osisko has agreed to purchase an additional 0.75% net smelter return (NSR) royalty on BGM’s Cariboo gold project for cash consideration of ~$12.5M. Upon completion of the royalty purchase, Osisko's total NSR royalty will be 2.25%. The grant of the additional royalty will cancel Osisko's royalty right which was granted in an agreement between Osisko and BGM dated Feb. 5, 2016. Osisko will, however, retain a right of first refusal relating to any gold stream offer received by BGM with respect to the Cariboo project. Separately, on Tuesday BGM releases additional results from the continuing 130,000-metre phase II Island Mountain exploration drilling program at Cariboo. The company is currently exploring and delineating Island Mountain with seven drill rigs and has now relocated an eighth rig to the Valley Zone which occurs between Cow and Island Mountains. Some highlights from the results include an intersection of 12.52 g/t Au over 3.70 metres and another intercept of 24.70 g/t Au over 6.60 metres in the same hole. BGM says the program intends to determine the extent of the vein systems that were historically never explored, and is aimed at discovering new vein systems and sulphide replacement bodies that will ultimately inform a maiden resource.


Canaccord Morning Coffee – Wed. Mar 29, 2017

[howestreetbull]

BGMZF intersects 24.70 g/t Au over 6.60 metres at depth on Island Mountain

New Veining Corridors Intersected at Depth in Shaft Zone

TORONTO, March 28, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional 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 Island Mountain with seven drill rigs and has now relocated an eighth rig to the Valley Zone which occurs between Cow and Island Mountains. Detailed drilling results, a drill hole location plan map, vertical and longitudinal section are presented at the end of this release.

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

Drilling Highlights:

IM-17-044: 12.52 g/t Au over 3.70 metres
IM-17-044: 21.23 g/t Au over 5.05 metres
IM-17-044: 24.70 g/t Au over 6.60 metres
IM-17-046: 15.76 g/t Au over 4.00 metres
IM-17-052: 28.28 g/t Au over 3.30 metres

Note: Core lengths are reported as true widths cannot be accurately determined from the information available.


New Vein Corridor Established at Depth in Shaft Zone

Deep veining occurrences have now been established by Phase II drillhole IM-17-044 which intersected two vein sets grading 21.23 g/t Au over 5.05 metres and 24.70 g/t Au over 6.60 metres respectively, at a vertical depth of 400 metres vertically below surface. Phase I drillhole, BGM-16-537 located 80 metres up-dip, intersected 9.22 g/t Au over 1.50 metres and 10.83 g/t over 2.65 metres and is the nearest drillhole within a 100 metre radius of these new intersections. To date, IM-17-044 represents the deepest occurrence of auriferous veining drilled by BGM at Island Mountain and as such is open for expansion in all directions.

Shaft Zone Expands to Southeast

Located less than 60 metres vertically below surface, drillholes IM-17-052 and IM-17-046 intersected previously unidentified veining grading 28.28 g/t Au over 3.30 metres and 15.76 g/t Au over 4.00 metres respectively. Occurring 100 metres along vein strike to previously reported drillhole IM-17-033 which intersected 7.84 g/t Au over 3.80 metres and 12.95 g/t Au over 0.75 metres this new occurrence is untested at depth and along vein strike.

About the Phase II Program

The 130,000 metre 2017 Phase II exploratory and delineation drill program on Island Mountain is intended to determine the extent of the vein systems that were historically never explored, and is aimed at discovering new vein systems and sulphide replacement bodies that will ultimately inform a maiden resource. Seven drill rigs are currently operating on Island Mountain, with an eighth rig testing for additional mineralization below the former Aurum and Cariboo Gold Quartz Mines which have never been explored since mining operations ceased circa 1960.

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 1,164 square kilometres along a strike length of 60 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 ore milled producing 25,464 ounces of gold. The Company has completed a number of drilling and exploration programs over the past 20 years and is currently compiling this data with all historical information in order develop geologic models which will assist new management and provide the framework to continue to explore 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 Island Mountain Phase II drillholes:







HOLE-ID
HOLE-ID
TO (M)
CORE LENGTH (M)
AU (G/T)
AREA
IM-17-044
45.10
56.00
10.90
4.75
SHAFT
INCLUDING
45.10
48.80
3.70
12.52
SHAFT
INCLUDING
47.55
48.15
0.60
47.50
SHAFT
IM-17-044
169.90
170.60
0.70
6.65
SHAFT
IM-17-044
255.15
256.20
1.05
5.92
SHAFT
IM-17-044
277.60
278.20
0.60
6.36
SHAFT
IM-17-044
306.00
307.75
1.75
24.76
SHAFT
INCLUDING
306.00
306.50
0.50
11.30
SHAFT
AND
306.50
307.25
0.75
13.10
SHAFT
AND
307.25
307.75
0.50
55.70
SHAFT
IM-17-044
424.75
429.80
5.05
21.23
SHAFT
INCLUDING
424.75
425.30
0.55
17.65
SHAFT
AND
426.25
426.95
0.70
72.10
SHAFT
AND
427.50
428.00
0.50
70.30
SHAFT
IM-17-044
440.65
447.25
6.60
24.70
SHAFT
INCLUDING
440.65
441.45
0.80
21.10
SHAFT
AND
441.45
441.95
0.50
21.50
SHAFT
AND
444.35
445.10
0.75
37.50
SHAFT
AND
445.10
446.15
1.05
36.50
SHAFT
AND
446.15
447.25
1.10
55.20
SHAFT
IM-17-045



ASSAYS PENDING

IM-17-046
47.70
48.50
0.80
15.40
SHAFT
IM-17-046
105.80
109.80
4.00
15.76
SHAFT
INCLUDING
106.35
106.90
0.55
46.90
SHAFT
AND
109.00
109.80
0.80
39.00
SHAFT
IM-17-046
152.90
153.70
0.80
14.25
SHAFT
IM-17-047



ASSAYS PENDING

IM-17-048
48.75
50.25
1.50
7.55
MC
INCLUDING
48.75
49.50
0.75
12.25
MC
IM-17-048
50.95
51.45
0.50
55.90
MC
IM-17-049



ASSAYS PENDING

IM-17-050



ASSAYS PENDING

IM-17-051



ASSAYS PENDING

IM-17-052
116.50
119.80
3.30
28.28
SHAFT
INCLUDING
118.20
119.80
1.60
57.80
SHAFT


Core lengths are reported as true widths cannot be accurately determined from the information available. Rock not recovered by drilling was assigned zero grade and not included in the composites. Top cuts have not been applied to high grade assays. NSA – No Significant Assays, Shaft = Shaft Zone, MC = Mosquito Creek.


Table 3: Drillhole Collar Orientations




HOLE-ID
AZIMUTH
DIP
IM-17-044
138.90
-65.20
IM-17-046
139.50
-45.80
IM-17-048
134.70
-64.60
IM-17-052
139.60
-64.20


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

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

SOURCE Barkerville Gold Mines Ltd.


To view the original version on PR Newswire, visit: http://www.newswire.ca/en/releases/archive/March2017/28/c2115.html

[howestreetbull]

BGM.v BARKERVILLE AGREES TO SELL 0.75% NSR ROYALTY ON ITS CARIBOO GOLD PROJECT FOR $12,500,000

Barkerville to sell extra 0.75% NSR to Osisko Gold



2017-03-27 10:57 ET - News Release

Also News Release (C-OR) Osisko Gold Royalties Ltd

Mr. Chris Lodder of Barkerville reports

BARKERVILLE AGREES TO SELL 0.75% NSR ROYALTY ON ITS CARIBOO GOLD PROJECT FOR $12,500,000

Barkerville Gold Mines Ltd. has entered into letter agreement with Osisko Gold Royalties Ltd. whereby Osisko has agreed to purchase an additional 0.75-per-cent net smelter return (NSR) royalty on the Cariboo gold project for a cash consideration of $12.5-million. Upon completion of the royalty purchase, Osisko's total NSR royalty will be 2.25 per cent. The grant of the additional royalty will cancel Osisko's royalty right which was granted pursuant to the investment agreement between Osisko and Barkerville dated Feb. 5, 2016, however, Osisko will retain a right of first refusal relating to any gold stream offer received by Barkerville with respect to the Cariboo gold project.

The royalty purchase constitutes a related party transaction as defined in Multilateral Instrument 61-101 -- protection of minority securityholders in special transactions, as an insider of Barkerville is also an insider of Osisko. Such related party transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as at the time the transaction was agreed to, neither the fair market value of the transaction, nor the fair market value of the consideration for, the transaction, insofar as it involves interested parties, exceeded 25 per cent of Barkerville's market capitalization.

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 1,164 square kilometres along a strike length of 60 kilometres which includes several past-producing hardrock mines of the historic Barkerville gold mining camp near the town of Wells, B.C. 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-per-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 ore milled producing 25,464 ounces of gold.

We seek Safe Harbor.

© 2017 Canjex Publishing Ltd. All rights reserved.

[howestreetbull]

Barkerville Gold Mines Intersects 11.18 g/t Au over 6.70 Metres in Phase II Drilling at Island Mountain

TORONTO, Feb. 22, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional results from the ongoing 2017 Phase II Island Mountain and Cow Mountain exploration drilling programs at the Company's flagship Cariboo Gold Project. The Company is currently exploring and delineating Island Mountain with seven drill rigs and has now mobilized the eighth rig to the untested Tailings Zone which occurs in the valley between Cow and Island Mountains. The Tailings Zone has not been drill tested since production and development ceased circa 1960. Detailed drilling results, drill hole location plan maps and long sections are presented at the end of this release.

Drill Location Map with terrain model and mine development February 2017 (CNW Group/Barkerville Gold Mines Ltd.)

Island Mountain Delineation Drilling

The Phase II delineation drill program at Island Mountain continues to yield high grade intersections of vein hosted gold mineralization as demonstrated by drillhole IM-17-007 which intersected 11.18 g/t Au over 6.70 metres and IM-17-008 which returned 12.40 g/t Au over 4.50 metres. These new occurrences of auriferous veining occur in the near surface proximal to the historic Mosquito Creek Mine. Approximately 70 metres down dip of the mine development, drillhole IM-17-013 intersected additional veining grading 34.06 g/t Au over 2.05 metres. The newly discovered Shaft Zone continues to expand as drillhole IM-17-010 intersected auriferous veining grading 7.60 g/t Au over 5.40 metres approximately 20 metres below surface.

Cow Mountain Drilling

Ten large diameter drillholes totaling 1,168 metres have now been completed on Cow Mountain. These holes were specifically designed to collect material for an upcoming metallurgical test as well as providing a basis to ascertain the short-range variability of the vein hosted gold mineralization and to optimize drillhole spacings for future resource estimations. Gold assays for drillholes CM-17-001 through to CM-17-004 are detailed in Table 2, with the results of the remaining holes to be disclosed once available. Notable intersections include CM-17-002 which returned 7.10 g/t Au over 10.70 metres and CM-17-003 which intersected 3.59 g/t Au over 11.50 metres. Now that the material for the metallurgical test has been collected, the rig has been mobilized to the Tailings Zone and will be the first phase of drilling initiated in this area since it was last drilled in 1958. The Tailings Zone represents the deepest development in the historic Cariboo Quartz Gold Mine and was host to not only quartz vein hosted gold but also the higher gold tenor sulphide replacement bodies akin to those observed at Island Mountain.

"These results continue to demonstrate the validity of the geologic model developed by the exploration team resulting in the definition of new areas of mineralization at Island Mountain", commented Chris Lodder, President and CEO of Barkerville.

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 1,164 square kilometres along a strike length of 60 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 ore milled producing 25,464 ounces of gold. The Company has completed a number of drilling and exploration programs over the past 20 years and is currently compiling this data with all historical information in order develop geologic models which will assist new management and provide the framework to continue to explore 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 Island Mountain Phase II drillholes:






HOLE-ID
FROM (M)
TO (M)
CORE LENGTH (M)
AU (G/T)
IM-17-002
120.70
122.40
1.70
10.31
INCLUDING
121.70
122.40
0.70
22.60
IM-17-002
128.35
133.70
5.35
5.71
INCLUDING
132.50
133.10
0.60
18.80
AND
133.10
133.70
0.60
18.55
IM-17-007
110.60
117.30
6.70
11.18
INCLUDING
111.10
111.90
0.80
12.05
AND
111.90
112.50
0.60
21.30
AND
112.50
113.00
0.50
18.80
AND
115.00
116.00
1.00
19.85
AND
116.70
117.30
0.60
22.20
IM-17-008
19.60
20.10
0.50
7.23
IM-17-008
29.20
29.70
0.50
13.35
IM-17-008
92.80
95.00
2.20
7.93
INCLUDING
93.50
94.25
0.75
18.95
IM-17-008
142.00
146.50
4.50
12.40
INCLUDING
145.50
146.50
1.00
51.70
IM-17-009



ASSAYS PENDING
IM-17-010
17.00
18.20
1.20
27.10
IM-17-010
19.25
24.65
5.40
7.60
INCLUDING
20.25
21.50
1.25
23.60
IM-17-010
166.50
168.00
1.50
15.45
IM-17-011



ABANDONED
IM-17-012
129.45
131.00
1.55
4.83
INCLUDING
129.95
130.50
0.55
8.74
IM-17-012
150.75
152.75
2.00
5.51
IM-17-012
166.10
170.50
4.40
4.12
INCLUDING
168.50
169.00
0.50
29.50
IM-17-012
245.80
246.30
0.50
14.00
IM-17-013
107.00
109.30
2.30
15.72
INCLUDING
107.00
107.90
0.90
12.25
AND
107.90
108.80
0.90
24.00
IM-17-013
269.45
271.50
2.05
34.06
INCLUDING
269.45
270.15
0.70
96.30
IM-17-014



ABANDONED
IM-17-015
21.85
22.70
0.85
33.70
IM-17-015
27.30
28.95
1.65
15.00
INCLUDING
27.30
28.10
0.80
22.90
AND
28.10
28.95
0.85
7.56
IM-17-015
40.00
40.75
0.75
9.01
IM-17-015
167.10
167.65
0.55
18.25
IM-17-015
172.30
173.60
1.30
8.15
IM-17-015
174.50
175.10
0.60
5.71
IM-17-015
183.80
184.85
1.05
8.99
IM-17-015
197.25
197.85
0.60
12.30
IM-17-015
251.70
253.95
2.25
11.34
True widths cannot be determined. Rock not recovered by drilling was assigned zero grade and not included in the
composites. Top cuts have not been applied to high grade assays. NSA – No Significant Assays.




Table 2: Length weighted gold composites for Cow Mountain metallurgical drillholes:






HOLE-ID
FROM (M)
TO (M)
CORE LENGTH (M)
AU (G/T)
CM-17-001
22.50
23.00
0.50
14.55
CM-17-001
51.90
55.00
3.10
6.79
INCLUDING
53.00
53.50
0.50
33.10
CM-17-002
106.20
116.90
10.70
7.10
INCLUDING
107.35
108.20
0.85
32.80
AND
108.20
109.10
0.90
40.70
AND
116.30
116.90
0.60
11.60
CM-17-003
47.35
48.00
0.65
9.80
CM-17-003
61.00
72.50
11.50
3.59
INCLUDING
61.90
62.90
1.00
24.30
AND
62.90
63.45
0.55
18.85
CM-17-004
17.60
18.15
0.55
22.80
True widths cannot be determined. Rock not recovered by drilling was assigned zero grade and not included in the
composites. Top cuts have not been applied to high grade assays. NSA – No Significant Assays.


Table 3: Drillhole Collar Orientations

HOLE-ID
AZIMUTH
DIP
IM-17-002
134.40
-44.60
IM-17-007
136.50
-64.60
IM-17-008
136.80
-43.80
IM-17-009
135.00
-44.30
IM-17-010
138.20
-64.00
IM-17-011
124.20
-43.80
IM-17-012
135.40
-45.10
IM-17-013
138.50
-65.00
IM-17-014
132.10
-44.60
IM-17-015
137.40
-43.60
CM-17-001
143.40
-60.50
CM-17-002
138.30
-59.40
CM-17-003
142.20
-58.60
CM-17-004
140.50
-59.00


Island and Cow Mountains vertical longitudinal section looking northeast 200 metre envelope February 2017 (CNW Group/Barkerville Gold Mines Ltd.)

SOURCE Barkerville Gold Mines Ltd.


To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/February2017/22/c8841.html

[howestreetbull]

BGM.v Barkerville Gold drills 9.1 m of 13.03 g/t Au at Cariboo



2017-02-10 08:14 ET - News Release


Mr. Chris Lodder reports

BARKERVILLE INTERSECTS 13.03 G/T AU OVER 9.10 METRES AT ISLAND MOUNTAIN AND PROVIDES CORPORATE UPDATE

Barkerville Gold Mines Ltd. has released final results from the 2016 phase I Island Mountain and Barkerville Mountain KL zone exploration drilling programs and first results from the new 2017 drilling at the company's flagship Cariboo gold project. All outstanding 2016 drill results have been received for the 27,131-metre phase I exploratory drilling program on Island Mountain and the first pass of widely spaced drilling on the KL zone gold-in-soil anomaly located on Barkerville Mountain. Drilling results are presented in the associated table.

Island Mountain drilling

The recently initiated 2017 phase II exploration drilling program on Island Mountain is currently being performed with six drill rigs on widely spaced 100-metre drill centres and infill dice-five drill patterns in the recently discovered Shaft zone. Discovered by way of the 2016 phase I program, the Shaft zone is defined by a series of previously undrilled vertically dipping vein sets occurring immediately footwall to the historic Aurum mine development. Phase II drill hole IM-17-004 intersected multiple auriferous veins in this new area including 13.03 grams per tonne gold over 9.10 metres, 11.48 g/t Au over 3.30 metres, 67.82 g/t Au over 2.90 metres and 72.80 g/t Au over 0.50 metre ranging from the near surface to minus 350 metres in vertical depth. Additional veining was also intersected in the Shaft zone by drill hole BGM-16-551: 9.22 g/t Au over 2.85 metres and 27.50 g/t Au over one metre as well as drill hole BGM-16-591 which intersected 6.97 g/t Au over 4.40 metres. In addition, stratigraphic drill hole BGM-16-515 intersected 9.61 g/t Au over 2.20 metres in new footwall veins.

KL zone drilling

The KL zone is located on the southeastern flank of Barkerville Mountain and is defined by a previously undrilled 800-metre-long gold-in-soil anomaly. As part of the first pass of exploratory drilling in this new area, 10 drill holes totalling 2,621 metres tested the anomaly at widely spaced 100-metre centres and encountered wide zones of intense silicification. Significant KL intersections include BGM-16-561: 21.09 g/t Au over 1.10 metres and BGM-16-590: 10.21 g/t Au over two metres.

2017 exploration update

The phase II drilling program is under way on Island Mountain with five drill rigs while a sixth rig is located on Cow Mountain performing a closely spaced grid program to collect material for an upcoming metallurgical test. Two additional drill rigs will be mobilized to the Wells project site imminently, with the focus being exploration and delineation of untested targets on Island, Cow and Barkerville Mountains. During 2017, the company intends to perform about 130,000 metres of diamond drilling in these areas with eight drill rigs.

Chris Lodder, president and chief executive officer, commented: "As we kick off the 2017 exploration program we are targeting specific areas with highest potential for resource definition within the central portion of the Cariboo gold project. Parallel to this we continue to advance towards initial production at Bonanza Ledge in the second quarter of 2017 and await final permit amendment approval to begin underground development. The QR mill has been upgraded substantially and commissioning using low-grade stockpiled material will begin shortly."

Qualified persons

Exploration activities at the Cariboo gold project are administered on-site by the company's exploration manager, Maggie Layman, PGeo. As per National Instrument 43-101, standards of disclosure for mineral projects, Paul Geddes, PGeo, 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 (Canadian Institute of Mining, Metallurgy and Petroleum) 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, B.C. 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 QA/QC program was designed and approved by Lynda Bloom, PGeo, of Analytical Solutions Ltd., and is overseen by the company's qualified person, Paul Geddes, PGeo, vice-president, exploration.

Drill core samples are submitted to ALS Geochemistry's analytical facility in North Vancouver, B.C., 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 are pulverized. Analysis for gold is by 50-gram fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 part per million and upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are reanalyzed using a 1,000 g screen metallic fire assay. A selected number of samples are also analyzed using a 48-multielemental geochemical package by a four-acid digestion, followed by inductively coupled plasma atomic emission spectroscopy (ICP-AES) and inductively coupled plasma mass spectroscopy (ICP-MS).

Appointment of vice-president, project development

The company is pleased to announce the appointment of Francois Vezina as vice-president, project development.

Mr. Vezina is a mining engineer with over 17 years of experience in mining and has extensive experience in open-pit and underground operations in Finland, Mexico and Canada. Mr. Vezina was the technical service manager for Agnico-Eagle Mines Ltd. and was responsible for overseeing the completion of the feasibility studies of LaRonde II, Pinos Altos and Kittila. Mr. Vezina then participated in the construction and commissioning of Pinos Altos as mine development manager and Kittila as mine operations manager before joining the Osisko Mining Corp. and participating as mine manager in the construction of the Canadian Malartic mine. He served more than five years as mine operations manager at the Canadian Malartic, responsible for the mining and maintenance department. Mr. Vezina is a specialist in mine operation optimization and is well recognized for innovating mining techniques. Mr. Vezina is presently the mine director of Osisko Gold Royalties Ltd. and holds a bachelor of mining engineering and a master in business administration (MBA).

Appointment of investor relations consultant

The company also announces that it has engaged S3 Communications Inc. to provide investor relations and corporate communications services for the company. S3 Communications is a Toronto-based company which provides value for its clients through strategic marketing and communication plans. Scott Kelly, managing partner of S3 Communications, will oversee all investor relations services on behalf of Barkerville, which include marketing, strategic communications and public relations, for a period of 12 months. In consideration for the services provided, Barkerville will pay S3 Communications a monthly fee of $6,000, in addition to reimbursement for expenses.

Mr. Kelly has more than 20 years experience in corporate communications and has direct experience serving as an independent director on public and private company boards, and prior to its acquisition by the TMX Group, Mr. Kelly was a partner, director and senior vice-president of the Equicom Group Inc.

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 1,164 square kilometres along a strike length of 60 kilometres which include several past-producing hardrock mines of the historic Barkerville mining camp near the town of Wells, B.C. 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.

LENGTH-WEIGHTED GOLD COMPOSITES FOR ISLAND MOUNTAIN
AND BARKERVILLE MOUNTAIN DRILL HOLES

Hole From To Core length Au
ID (m) (m) (m) (g/t)

BGM-16-515 195.00 197.20 2.20 9.61
Including 196.00 196.50 0.50 23.8
And 196.50 197.20 0.70 8.43
BGM-16-515 199.50 200.60 1.10 7.53
BGM-16-550 132.15 133.00 0.85 1.13
BGM-16-551 32.40 33.50 1.10 6.73
BGM-16-551 174.40 175.00 0.60 5.12
BGM-16-551 184.00 185.00 1.00 27.5
BGM-16-551 197.15 200.00 2.85 9.22
Including 198.40 199.10 0.70 30.8
BGM-16-591 26.40 27.70 1.30 12.4
BGM-16-591 51.10 52.20 1.10 8.86
BGM-16-591 55.50 56.00 0.50 15.65
BGM-16-591 61.10 65.50 4.40 6.97
Including 61.10 62.20 1.10 5.49
And 64.90 65.50 0.60 38.3
BGM-16-591 75.00 75.65 0.65 25.8
BGM-16-591 79.50 80.45 0.95 5.06
BGM-16-592 169.50 170.50 1.00 1.29
BGM-16-593 32.40 33.50 1.10 20
BGM-16-593 188.00 189.05 1.05 8.23
BGM-16-557 140.77 141.30 0.53 6.98
BGM-16-557 152.70 154.00 1.30 4.53
BGM-16-561 61.50 62.00 0.50 19.7
BGM-16-561 66.17 66.85 0.68 21.5
BGM-16-561 73.90 75.15 1.25 16.9
BGM-16-561 81.10 82.80 1.70 7.7
BGM-16-561 179.65 180.75 1.10 21.09
Including 179.65 180.20 0.55 34.1
And 180.20 180.75 0.55 8.08
BGM-16-566 102.00 102.50 0.50 7.51
BGM-16-569 57.30 58.30 1.00 4.17
BGM-16-569 96.15 97.10 0.95 9.49
BGM-16-573 60.70 61.25 0.55 3.71
BGM-16-573 80.75 81.30 0.55 26.9
BGM-16-573 110.25 111.55 1.30 2.17
BGM-16-573 140.85 141.40 0.55 5.28
BGM-16-576 67.10 67.65 0.55 5.61
BGM-16-576 68.50 70.00 1.50 2.15
BGM-16-579 NSA
BGM-16-586 273.00 273.50 0.50 6.47
BGM-16-590 50.75 51.25 0.50 10.45
BGM-16-590 88.10 88.60 0.50 0.08
BGM-16-590 117.25 117.75 0.50 7.01
BGM-16-590 138.25 140.25 2.00 10.21
Including 139.25 139.75 0.50 10.3
And 139.75 140.25 0.50 24.7
BGM-16-594 131.50 132.00 0.50 5.19
BGM-16-594 332.10 332.65 0.55 4.38
IM-17-001 106.50 107.00 0.50 12.00
IM-17-001 129.00 129.85 0.85 5.50
IM-17-001 137.50 138.00 0.50 5.40
IM-17-002 pending
IM-17-003 234.50 235.25 0.75 16.25
IM-17-004 121.20 123.90 2.70 7.32
Including 122.90 123.40 0.50 14.10
And 123.40 123.90 0.50 10.50
IM-17-004 127.80 131.10 3.30 11.48
IM-17-004 130.00 130.55 0.55 64.40
IM-17-004 173.70 174.25 0.55 26.70
IM-17-004 179.40 188.50 9.10 13.03
Including 180.70 181.30 0.60 16.15
And 187.70 188.50 0.80 95.30
IM-17-004 248.00 248.60 0.60 27.10
IM-17-004 263.00 263.70 0.70 10.40
IM-17-004 292.40 295.30 2.90 67.82
Including 292.40 293.50 1.10 157.00
And 293.50 294.20 0.70 14.95
And 294.20 294.80 0.60 22.30
IM-17-004 338.70 340.20 1.50 7.33
IM-17-004 359.50 360.00 0.50 72.80
IM-17-004 373.00 375.95 2.95 7.55
Including 374.00 374.50 0.50 18.75
IM-17-004 381.60 382.10 0.50 8.92
IM-17-004 389.00 389.50 0.50 7.68
IM-17-005 196.00 197.00 1.00 4.65
IM-17-006 186.35 187.30 0.95 6.35

Core lengths represent 50 to 90 per cent of true widths.
Rock not recovered by drilling was assigned zero grade
and not included in the composites. Top cuts have not
been applied to high-grade assays.
NSA -- no significant assays.
IM -- Island Mountain.
KL -- KL zone (Barkerville Mountain).

We seek Safe Harbor.

© 2017 Canjex Publishing Ltd. All rights reserved.

[howestreetbull]

BGM.v discovers new zones on Island Mountain, intersects 52.62 g/t Au over 3.25 metres and 16.08 g/t Au over 7.10 metres

https://ceo.ca/@newswire/bgm-discovers-new-zones-on-island-mountain-intersects
VANCOUVER, Jan. 5, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce further results from the 2016 Phase I Island Mountain exploration drilling program at the Company's flagship Cariboo Gold Project that resulted in the discovery of two new mineralized zones. The results from the new drilling are presented in Table 1. A drill hole location plan map and longitudinal section are presented at the end of this release.

Island Mountain Drillhole Location Map with Terrain Model and Mine Development, January 2017 (CNW Group/Barkerville Gold Mines Ltd.)

New Drilling Highlights:

BGM-16-574: 16.08 g/t Au over 7.10 metres
BGM-16-581: 12.52 g/t Au over 7.90 metres
BGM-16-584: 10.51 g/t Au over 3.05 metres
BGM-16-587: 21.70 g/t Au over 4.65 metres
BGM-16-587: 52.62 g/t Au over 3.25 metres


Note: Reported core lengths represent 50-90% true widths.
The recently completed 27,131 metre, 2016 Phase I exploratory drilling program on Island Mountain continues to identify new, near-surface zones of high-grade auriferous quartz vein mineralization down dip, and along strike of the historic Aurum and Mosquito Creek Mines. A newly developed geological model provides the company with the ability to successfully target new vein ore bodies proximal to historically exploited areas.

New "Shaft" and "4300" Zones Discovered

The Company is pleased to announce the discovery of the "Shaft Zone" which occurs immediately behind the historical Aurum Mine winze and the newly outlined "4300 Zone", 350 metres northwest of the Shaft Zone in the undeveloped area between the Aurum and Mosquito Creek Mines. Both areas are hallmarked by intense silica alteration and markedly increased vein density. Preliminary exploratory drilling in both of these areas was conducted on 50 metre spaced centres.

The New 'Shaft' Zone

Drillholes BGM-16-581 (12.52 g/t Au over 7.90 metres), BGM-16-574 (7.41 g/t Au over 10.90 metres), BGM-15-584 (10.51 g/t Au over 3.05 metres), and BGM-16-587 (26.19 g/t Au over 5.30 metres and 52.62 g/t Au over 3.25 metres), together with previously disclosed Phase I drillholes BGM-15-517 (15.15 g/t Au over 5.60 metres), BGM-15-528 (11.01 g/t Au over 3.40 metres), BGM-15-529 (74.31 g/t Au over 2.15 metres and 100.00 g/t Au over 1.30 metres and 6.90 g/t Au over 11.45 metres) define a mineralized corridor 200 metres along strike and to -350m depth.

The New "4300" Zone

Located in an undeveloped and unexplored area between the abandoned Aurum and Mosquito Creek Mines, recently completed drillhole BGM-16-575 (16.08 g/t Au over 7.10 metres), and previously disclosed Phase I drillholes BGM-16-503 (11.62 g/t Au over 6.20 metres), BGM-16-509 (16.37 g/t Au over 2.65 metres) and BGM-16-567 (11.36 g/t Au over 12.36 metres) define the new 4300 Zone on 50 metre centres from surface to a vertical depth of 180 metres over a strike length of 150 metres.

Chris Lodder, President and CEO states: "These results and the work completed by the exploration group on understanding the geological model has allowed BGM to more accurately identify and define new areas of mineralization on Island Mountain".

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 5ppb and upper limit of 10,000ppb. Samples with gold assays greater than 10,000ppb are re-analyzed using 50g fire assay with gravimetric finish, as well as 1,000g screen metallic fire assay. 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 1,164 square kilometres along a strike length of 60 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 ore milled producing 25,464 ounces of gold. The Company has completed a number of drilling and exploration programs over the past 20 years and is currently compiling this data with all historical information in order develop geologic models which will assist new management and provide the framework to continue to explore 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 drillholes BGM-16-568 through BGM-16-589:

HOLE-ID
FROM (M)
TO (M)
CORE LENGTH (M)
AU (G/T)
BGM-16-568
236.75
237.30
0.55
8.66
BGM-16-570
120.50
121.10
0.60
22.50
BGM-16-570
163.30
165.70
2.40
19.18
INCLUDING
163.30
163.85
0.55
28.80
AND
165.00
165.70
0.70
37.60
BGM-16-571
137.70
138.20
0.50
17.10
BGM-16-571
173.00
173.90
0.90
37.20
BGM-16-571
177.10
178.70
1.60
64.48
INCLUDING
177.10
178.00
0.90
88.80
AND
178.00
178.70
0.70
33.20
BGM-16-572
279.45
280.40
0.95
9.63
BGM-16-572
390.20
390.75
0.55
26.60
BGM-16-572
397.00
398.30
1.30
7.22
BGM-16-572
442.65
444.00
1.35
7.64
BGM-16-574
72.35
73.24
0.89
10.40
BGM-16-574
78.80
79.30
0.50
7.88
BGM-16-574
94.30
95.50
1.20
11.20
BGM-16-574
150.65
152.10
1.45
9.39
BGM-16-574
174.20
185.10
10.90
7.41
INCLUDING
174.20
174.70
0.50
39.40
AND
175.20
176.25
1.05
18.45
AND
178.40
179.70
1.30
10.35
AND
184.00
185.10
1.10
15.80
BGM-16-574
187.00
188.00
1.00
7.42
BGM-16-575
114.90
122.00
7.10
16.08
INCLUDING
114.90
116.00
1.10
62.90
AND
116.00
116.70
0.70
46.00
BGM-16-577
119.90
120.80
0.90
1.85
BGM-16-578
21.90
22.40
0.50
19.20
BGM-16-580
57.40
58.10
0.70
16.75
BGM-16-580
77.40
78.10
0.70
32.10
BGM-16-580
134.80
135.50
0.70
19.85
BGM-16-580
158.70
159.30
0.60
8.99
BGM-16-580
166.00
166.70
0.70
41.10
BGM-16-581
74.00
81.90
7.90
12.52
INCLUDING
75.40
76.40
1.00
26.40
AND
80.50
81.90
1.40
35.50
BGM-16-582
11.60
12.10
0.50
19.10
BGM-16-583
33.10
33.60
0.50
14.60
BGM-16-584
57.20
58.30
1.10
7.56
BGM-16-584
101.10
107.00
5.90
9.78
INCLUDING
101.10
101.60
0.50
17.10
AND
106.00
107.00
1.00
46.50
BGM-16-584
137.00
140.05
3.05
10.51
INCLUDING
137.00
138.00
1.00
18.35
AND
138.55
139.05
0.50
26.00
BGM-16-584
189.80
190.50
0.70
9.07
BGM-16-584
223.00
223.50
0.50
68.10
BGM-16-585
139.20
139.85
0.65
16.25
BGM-16-585
199.00
199.60
0.60
22.50
BGM-16-587
72.80
77.45
4.65
21.70
INCLUDING
74.15
76.95
2.80
36.78
INCLUDING
74.15
74.80
0.65
29.10
AND
74.80
75.35
0.55
19.00
AND
75.35
75.85
0.50
34.70
AND
75.85
76.35
0.50
54.80
AND
76.35
76.95
0.60
46.00
BGM-16-587
177.00
177.50
0.50
8.80
BGM-16-587
186.70
192.00
5.30
26.19
INCLUDING
186.70
187.40
0.70
16.95
AND
187.40
188.00
0.60
20.10
AND
190.70
191.50
0.80
111.50
AND
191.50
192.00
0.50
43.50
BGM-16-587
204.00
205.30
1.30
42.00
BGM-16-587
221.25
224.50
3.25
52.62
INCLUDING
221.25
222.00
0.75
215.00
BGM-16-587
241.90
242.90
1.00
26.20
BGM-16-588
61.00
62.00
1.00
1.84
BGM-16-589
85.30
86.00
0.70
1.61


Core lengths represent 50-90% true widths. Rock not recovered by drilling was assigned zero grade and not included in the composites. Top cuts have not been applied to high grade assays. NSA – No Significant Assays.

Table 2: Drillhole Collar Orientations



HOLE-ID
AZIMUTH
DIP
BGM-16-568
141.8
-45.5
BGM-16-570
94.3
-44.3
BGM-16-571
141.3
-43.8
BGM-16-572
141.8
-63.9
BGM-16-574
138.9
-44.4
BGM-16-575
141.2
-63.1
BGM-16-577
140.2
-44.7
BGM-16-578
139.9
-44.6
BGM-16-580
140.9
-64.5
BGM-16-581
138.0
-44.5
BGM-16-582
139.0
-65.2
BGM-16-583
137.2
-64.1
BGM-16-584
141.6
-43.4
BGM-16-585
139.3
-44.6
BGM-16-587
142.6
-64.5
BGM-16-588
139.8
-65.3
BGM-16-589
140.3
-64.5


Island Mountain - Vertical Longitudinal Section - Looking Northeast, 200 Metre Envelope, January 2017 (CNW Group/Barkerville Gold Mines Ltd.)

SOURCE Barkerville Gold Mines Ltd.

[bradlyGT]

Barkerville Intersects 14.59 g/t Au over 10 Metres

VANCOUVER, BC- September 27, 2016 - Barkerville Gold Mines Ltd. (TSXV: BGM) (the “Company” or “Barkerville”) is pleased to announce the final results from the recently completed Phase I exploration and category conversion drilling program on Cow Mountain at the Company’s flagship Cariboo Gold Project (CGP). Significant results are presented at the end of this press release in Table 1. Drill hole locations are shown on a map and longitudinal section presented on the Company’s website at www.barkervillegold.com.

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1087-tsx-venture/bgm/24996-barkerville-gold-mines-intersects-14-59-g-t-au-over-10-metres-completes-phase-i-drilling-at-cow-mountain.html

http://www.barkervillegold.com/investors/news/barkerville-intersects-14-59-g-t-au-over-10-metres-2016-09-27

[howestreetbull]

BGMZF Chris Lodder's Presentation at Beaver Creek Precious Metals Summit
Barkerville Gold Mines Ltd.
Chris Lodder, President & CEO
(TSX-V: BGM)


http://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2016/09/15/barkerville-gold-mines-ltd/play/stream/20219

[howestreetbull]

STE.v Starr Peak investor Callaghan acquires 12.4 M shares


2016-08-17 14:56 ET - News Release



Mr. Frank Callaghan, investor, reports

ACQUISITION OF COMMON SHARES OF STARR PEAK EXPLORATION LTD.

Pursuant to the disclosure requirements of applicable securities laws, on Aug. 9, 2016, J. Frank Callaghan acquired beneficial ownership of 12,400,963 common shares of Starr Peak Exploration Ltd. at a deemed price of 5.5 cents per share in settlement of a debt in the amount of $682,053 as previously announced by the company on June 15, 2016. The debt settlement included the issuance of 7,177,327 common shares to Mr. Callaghan directly and 5,223,636 common to Standard Drilling and & Engineering Ltd., a company wholly owned by Mr. Callaghan.

Prior to the debt settlement, Mr. Callaghan owned or controlled a total of 239,866 common shares of the company representing 4.911 per cent of the issued and outstanding common shares of the company. As a result of the debt settlement, Mr. Callaghan currently beneficially owns and exercises control over a total of 12,640,829 common shares of the company, representing an interest of approximately 64.15 per cent of the company's current issued and outstanding common shares.

The securities were acquired for investment purposes. Mr. Callaghan has a long-term view of the investment and may acquire additional shares either on the open market or through private acquisitions or sell the shares either on the open market or through private dispositions in the future, depending on market conditions, reformulation of plans and/or other relevant factors. A copy of Mr. Callaghan's early warning report will appear on Starr Peak Exploration's profile on SEDAR and may also be obtained by calling 604-669-6463.

© 2016 Canjex Publishing Ltd. All rights reserved.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aSTE-2399130&symbol=STE®ion=C

[howestreetbull]

Osisko Mining Inc.

TSX : OSK


Osisko Mining Inc.
August 08, 2016 19:44 ET

Osisko Mining Announces Acquisition of Common Shares of Barkerville Gold
TORONTO, ONTARIO--(Marketwired - Aug. 8, 2016) - Osisko Mining Inc. (TSX:OSK) ("Osisko" or the "Corporation") is pleased to announce that it has entered into a binding purchase agreement (the "Agreement") with 2176423 Ontario Ltd. ("2176423"), a company controlled by Mr. Eric Sprott, whereby Osisko has agreed to acquire ownership from 2176423 of an aggregate of 50,000,000 common shares in the capital of Barkerville Gold Mines Ltd. (BGM: TSXV) (the "Barkerville Shares"). The aggregate purchase price payable by the Corporation to 2176423 in consideration for 25,000,000 of the Barkerville Shares was $20,000,000, payable in cash (the "Cash Transaction"). The aggregate purchase price for the remaining 25,000,000 Barkerville Shares was payable by way of the issue to 2176423 of 8,097,166 common shares in the capital of the Corporation (the "Osisko Shares") at $2.47 per Osisko Share (together with the Cash Transaction, the "Transaction"). Further, pursuant to the Transaction, the common shares in the capital of Barkerville were acquired at $0.80 per Barkerville Share.
After giving effect to the Transaction, Osisko will have ownership of a total of 50,000,000 Barkerville Shares, representing approximately 17% of the total number of issued Barkerville Shares.
All securities issued and purchased under the Transaction are subject to a statutory four month hold period. Completion of the transaction is subject to TSX approval. Osisko is relying on the private agreement exemption in Section 4.2 of National Instrument 62-104 Take-Over Bids and Issuer Bids with respect to the acquisition of the Barkerville Shares.
This news release is being issued in accordance with National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an early warning report dated August 8, 2016. The early warning report respecting the Transaction has been filed on System for Electronic Document Analysis and Review ("SEDAR") at www.sedar.com under Barkerville's issuer profile. To obtain a copy of the early warning report filed by Osisko, please contact John Burzynski at [phone] or refer to the SEDAR at www.sedar.com under Barkerville's issuer profile.
"The acquisition of an 17% interest in Barkerville is consistent with our strategy of building a portfolio of direct and indirect interests in what we believe will be the next generation of long life Canadian gold mines" said John Burzynski, Osisko's President and Chief Executive Officer.
Osisko notes that Barkerville is well funded with cash and short term investments of approximately $44.5 million as at May 31, 2016 to complete its near term development plans.
Osisko also notes that Barkerville's updated mineral resource estimate for the Cow Mountain area of the Cariboo Gold Project is outlined in the table below.
Classification Tonnes (MTonnes) Au Grade (g/t) Au (Moz)1
Indicated 35.8 2.4 2.8
Inferred2 27.5 2.3 2.0
(1) Contained metal may differ due to rounding.
(2) The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category.
For further details regarding the key assumptions, parameters and methods used to estimate the mineral resources presented in respect of the Cow Mountain area of the Cariboo Gold Project, please see the "Barkerville Gold Mines Ltd. Cow Mountain NI 43-101 Technical Report Project No. V1458" dated effective date March 3, 2015 and filed on SEDAR on May 15, 2015 under the issuer profile of Barkerville at www.sedar.com.
Qualified Person
The scientific and technical content of this press release has been reviewed by Mr. Gernot Wober, P.Geo. Vice President Exploration for Osisko Mining Inc., Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
2176423 Ontario Ltd.
Mr. Sprott currently holds indirectly, through 2176423, 105,281,643 Barkerville Shares and 3,260,000 Barkerville Share purchase warrants, representing approximately 35.8% of the outstanding Barkerville Shares on a non-diluted basis and 36.5% on a partially diluted basis assuming exercise of the warrants. After the Transaction, Mr. Sprott will hold indirectly 55,281,643 Barkerville Shares and 3,260,000 warrants, representing approximately 18.8% of the outstanding Barkerville Shares on a non-diluted basis and 19.7% on a partially diluted basis.
Mr. Sprott sold the Barkerville Shares for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional Barkerville Shares either on the open market or through private acquisitions or sell the Barkerville Shares either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors. A copy of Mr. Sprott's early warning report will appear on Barkerville's profile on SEDAR and may also be obtained by calling [phone] (200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J2.
About Osisko Mining Inc.
Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% in the high-grade Windfall Lake gold deposit located between Val-d'Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area (82,400 hectares), a 100% interest in the Marban project located in the heart of Québec's prolific Abitibi gold mining district, and properties in the Larder Lake Mining Division in northeast Ontario, including the Jonpol and Garrcon deposits on the Garrison property, the Buffonta past producing mine and the Gold Pike mine property. The Corporation also holds interests and options in a number of additional properties in northern Ontario. After giving effect to the Transaction, Osisko will continue to be well financed and will have approximately $50 million in cash and cash equivalents as well as marketable securities (including the Barkerville Shares) of approximately $60 million.
Cautionary Note Regarding Forward-Looking Information
Except for the statements of historical fact, 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. Forward-looking information in this news release includes information concerning: the intentions, plans and future actions of Osisko; the expected timing for completing the Transaction, if at all; Osisko's ability to satisfy the conditions precedent to completing the Transaction, if at all; and other information that is not historical facts.
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 Osisko, 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 Osisko to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. 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, Osisko 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 Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Osisko 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.
Cautionary Statements Regarding Technical Information
Mineral resources are not mineral reserves and do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, socio-political, marketing or other relevant issues. In particular, the quantity and grade of reported inferred mineral resources in the estimates referenced in this press release are uncertain in nature and there is insufficient exploration to define these inferred mineral resources as an indicated or measured mineral resource in all cases. It is uncertain in all cases whether further exploration will result in upgrading the inferred mineral resources to an indicated or measured mineral resource category.
CONTACT INFORMATION
John Burzynski
President & Chief Executive Officer
[phone]
http://www.marketwired.com/press-release/osisko-mining-announces-acquisition-of-common-shares-of-barkerville-gold-tsx-osk-2148888.htm

[howestreetbull]

BGM.v Barkerville Gold Mines Intersects 11.82 G/T (0.34 OZ/T) Au Over 10.10 Metres Including 68.80 G/T (2.01 OZ/T) Au Over 1.30 Metres In Cow Mountain Phase I Drilling
Vancouver, BC / TheNewswire / August 3, 2016 – Barkerville Gold Mines Ltd. (TSXV: BGM) (the “Company” or “BGM”) is pleased to announce results from the ongoing Phase I exploration and category conversion drilling program on Cow Mountain at the Company’s flagship Cariboo Gold Project (CGP). The results of these drill holes are presented in Table 1. A drill hole location plan map and longitudinal section are offered at the end of this release.

Drilling Highlights:

-BGM-16-366: 16.97 g/t (0.49 oz/t) Au over 2.70 metres including 87.60 g/t (2.56 oz/t) Au over 0.50 metres
-BGM-16-367: 8.70 g/t (0.25 oz/t) Au over 4.50 metres including 20.23 g/t (0.59 oz/t) Au over 1.90 metres including 8.64 g/t (0.25 oz/t) Au over 1.00 metres and 33.10 g/t (0.97 oz/t) Au over 0.90 metres
-BGM-16-369: 20.31 g/t (0.59 oz/t) Au over 5.70 metres including 46.26 g/t (1.35 oz/t) Au over 2.40 metres including 121.50 g/t (3.54 oz/t) Au over 0.80 metres and 12.40 g/t (0.36 oz/t) Au over 1.00 metres
-BGM-16-377: 31.94 g/t (0.93 oz/t) Au over 2.70 metres including 57.33 g/t (1.67 oz/t) Au over 1.50 metres including 21.40 g/t (0.62 oz/t) Au over 0.5 metres and 75.30 g/t (2.20 oz/t) Au over 1.00 metres
-BGM-16-380: 11.82 g/t (0.34 oz/t) Au over 10.10 metres including 9.45 g/t (0.28 oz/t) Au over 1.00 metres and 68.80 g/t (2.01 oz/t) Au over 1.30 metres
-BGM-16-385: 10.98 g/t (0.32 oz/t) Au over 5.50 metres including 33.53 g/t (0.98 oz/t) Au over 1.70 metres including 12.85 g/t (0.37 oz/t) Au over 0.85 metres and 54.20 g/t (1.58 oz/t) Au over 0.85 metres
-BGM-16-400: 13.15 g/t (0.38 oz/t) Au over 4.25 metres including 43.20 g/t (1.26 oz/t) Au over 1.20 metres

*Note: Reported core lengths represent 50-75% true widths.

Phase I Drilling
The ongoing 30,000 metre Phase I drilling program at Cow Mountain is currently optimizing inferred gold mineralization within a conceptual open pit. As per the updated 2015 Cow Mountain resource estimate performed by Snowden Mining Industry Consultants (Snowden), of Vancouver, British Columbia (refer to Company News Release dated March 31, 2015), drilling by previous operators from 1938-1981 was classified as inferred mineralization because of lessened data confidence and was not simply a function of wider drill hole spacing. The BGM Phase I program is explicitly targeting these areas by replacing the historical gold intersections with modern drilling that conforms to CIM best practices and QAQC procedures. Based upon the Phase I drilling results to date, there has been excellent correlation between the historic mineralized intervals and the new 2016 Phase I drilling.
“These latest drill results along with ongoing mapping, underground sampling, geologic modeling and historic data validation, continue to add positively to our confidence level of the Cow Mountain gold mineralization,” commented Chris Lodder, President and CEO of BGM. “After completion of this drilling program the rigs will be moved to begin drilling on Island Mountain and thus allow us to analyze the drill data and begin planning the next work program on Cow Mountain. We expect to have a resource statement for all exploration targets sometime in 2017.”
Qualified Persons
Exploration activities at the Cariboo Gold Project are jointly administered on site by the Company’s Project Managers, Maggie Layman, P.Geo. and Wanda Carter, 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 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
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 5ppb and upper limit of 10,000ppb. Samples with gold assays greater than 10,000ppb are re-analyzed using 50g fire assay with gravimetric finish, as well as 1,000g screen metallic fire assay. 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
Suite 400-365 Bay Street
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 1,164 square kilometres along a strike length of 60 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 ore milled producing 25,464 ounces of gold. The Company has completed a number of drilling and exploration programs over the past 20 years and is currently compiling this data with all historical information in order develop geologic models which will assist new management and provide the framework to continue to explore 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 drill holes BGM-16-362 through BGM-16-400:

HOLE-ID
FROM (M)
TO (M)
CORE LENGTH (M)
AU (G/T)
AU (OZ/T)
BGM-16-362
67.00
68.10
1.10
38.88
1.13
INCL
67.00
67.65
0.65
55.20
1.61
AND
67.65
68.10
0.45
15.30
0.45
BGM-16-362
89.50
90.00
0.50
6.10
0.18
BGM-16-363
6.61
8.00
1.39
6.52
0.19
BGM-16-363
85.50
86.00
0.50
7.58
0.22
BGM-16-364
10.50
23.10
12.60
1.17
0.03
BGM-16-365
27.15
28.35
1.20
60.80
1.77
BGM-16-366
154.50
157.20
2.70
16.97
0.49
INCL
155.20
155.70
0.50
87.60
2.56
BGM-16-367
46.50
51.00
4.50
8.70
0.25
INCL
48.00
49.90
1.90
20.23
0.59
INCL
48.00
49.00
1.00
8.64
0.25
AND
49.00
49.90
0.90
33.10
0.97
BGM-16-367
58.00
59.00
1.00
14.20
0.41
BGM-16-368

NSA

BGM-16-369
59.00
64.70
5.70
20.31
0.59
INCL
59.00
61.40
2.40
46.26
1.35
INCL
59.00
59.80
0.80
121.50
3.54
AND
60.40
61.40
1.00
12.40
0.36
BGM-16-370
24.00
25.50
1.50
2.66
0.08
BGM-16-371
50.65
54.50
3.85
5.60
0.16
INCL
51.15
51.85
0.70
7.45
0.22
AND
54.00
54.50
0.50
26.60
0.78
BGM-16-372
44.90
46.00
1.10
9.08
0.26
BGM-16-373

PENDING

BGM-16-374
32.00
33.80
1.80
14.63
0.43
INCL
32.00
33.00
1.00
16.50
0.48
AND
33.00
33.80
0.80
12.30
0.36
BGM-16-374
52.50
53.10
0.60
19.50
0.57
BGM-16-374
63.50
65.00
1.50
6.32
0.18
BGM-16-375
38.50
39.70
1.20
3.39
0.10
BGM-16-376
11.00
12.00
1.00
8.18
0.24
BGM-16-377
62.30
65.00
2.70
31.94
0.93
INCL
62.30
63.80
1.50
57.33
1.67
INCL
62.30
62.80
0.50
21.40
0.62
AND
62.80
63.80
1.00
75.30
2.20
BGM-16-378

NSA

BGM-16-379
14.50
15.20
0.70
6.68
0.19
BGM-16-379
32.45
34.60
2.15
8.31
0.24
INCL
32.45
33.10
0.65
25.00
0.73
BGM-16-379
58.60
59.55
0.95
11.20
0.33
BGM-16-379
71.40
72.90
1.50
31.00
0.90
BGM-16-380
37.50
47.60
10.10
11.82
0.34
INCL
37.50
38.50
1.00
9.45
0.28
AND
46.30
47.60
1.30
68.80
2.01
BGM-16-381
69.00
72.00
3.00
8.45
0.25
INCL
69.00
69.80
0.80
20.70
0.60
AND
69.80
70.60
0.80
10.25
0.30
BGM-16-382

NSA

BGM-16-382

NSA

BGM-16-383
14.10
15.00
0.90
7.42
0.22
BGM-16-383
49.35
50.00
0.65
12.30
0.36
BGM-16-383
54.00
55.50
1.50
12.65
0.37
BGM-16-384

NSA

BGM-16-385
54.50
60.00
5.50
10.98
0.32
INCL
55.35
57.05
1.70
33.53
0.98
INCL
55.35
56.20
0.85
12.85
0.37
AND
56.20
57.05
0.85
54.20
1.58
BGM-16-386
41.00
44.25
3.25
13.29
0.39
INCL
42.40
43.00
0.60
34.70
1.01
AND
43.00
44.25
1.25
13.00
0.38
BGM-16-386
60.30
61.70
1.40
5.54
0.16
BGM-16-387

PENDING

BGM-16-388

PENDING

BGM-16-389
57.40
58.00
0.60
14.85
0.43
BGM-16-389
57.40
58.00
0.60
14.85
0.43
BGM-16-389
68.57
69.10
0.53
17.20
0.50
BGM-16-389
68.57
69.10
0.53
17.20
0.50
BGM-16-389
70.55
71.05
0.50
11.15
0.33
BGM-16-389
70.55
71.05
0.50
11.15
0.33
BGM-16-389
76.90
77.35
0.45
6.01
0.18
BGM-16-389
76.90
77.35
0.45
6.01
0.18
BGM-16-390

NSA

BGM-16-391

ABANDONED

BGM-16-392

NSA

BGM-16-393

NSA

BGM-16-394
25.00
26.00
1.00
6.63
0.19
BGM-16-394
41.67
42.50
0.83
13.55
0.40
BGM-16-394
79.52
80.35
0.83
5.58
0.16
BGM-16-394
93.85
94.72
0.87
5.18
0.15
BGM-16-394
105.50
106.15
0.65
7.55
0.22
BGM-16-395

NSA

BGM-16-396
48.15
49.00
0.85
16.25
0.47
BGM-16-397
47.00
48.00
1.00
23.50
0.69
BGM-16-397
115.00
116.00
1.00
18.00
0.53
BGM-16-398
53.50
54.00
0.50
15.70
0.46
BGM-16-399
47.60
48.12
0.52
11.75
0.34
BGM-16-399
50.35
51.10
0.75
6.49
0.19
BGM-16-399
52.20
53.00
0.80
34.70
1.01
BGM-16-400
31.75
36.00
4.25
13.15
0.38
INCL
31.75
32.95
1.20
43.20
1.26
Notes:
*Core lengths represent 50-75% true widths. Rock not recovered by drilling was assigned zero grade and not included in the composites. Top cuts have not been applied to high grade assays. Conversion factor: 1.0 oz/t = 34.2857 g/t. NSA – No Significant Assays.

Table 2: Drill hole Collar Orientations

HOLE-ID
AZIMUTH
DIP
HOLE-ID
AZIMUTH
DIP
BGM-16-362
137.3
-46
BGM-16-381
328.3
-43.6
BGM-16-363
139.3
-71
BGM-16-382
321.9
-69.3
BGM-16-364
136.3
-48.7
BGM-16-383
137.2
-61.9
BGM-16-365
140.5
-68.5
BGM-16-384
143
-59.5
BGM-16-366
138.4
-64.5
BGM-16-385
138.2
-65.2
BGM-16-367
138.7
-55.5
BGM-16-386
137.8
-64.5
BGM-16-368
149.2
-77.9
BGM-16-387
139.6
-61.8
BGM-16-369
143.1
-61.9
BGM-16-389
139.9
-69.4
BGM-16-370
134.8
-45.6
BGM-16-390
142.6
-68.3
BGM-16-371
324
-66.2
BGM-16-391
138.2
-58.7
BGM-16-372
132.2
-66.8
BGM-16-392
138.6
-66.7
BGM-16-373
321.6
-67.4
BGM-16-393
134.7
-45.8
BGM-16-374
133.8
-67
BGM-16-394
137.9
-71.1
BGM-16-375
137.2
-69.1
BGM-16-395
320.6
-81
BGM-16-376
143.1
-50
BGM-16-396
148
-55.3
BGM-16-377
327.9
-45.5
BGM-16-397
137
-68.7
BGM-16-378
323.1
-59.7
BGM-16-398
135.7
-67.6
BGM-16-379
143.9
-56.3
BGM-16-399
137.8
-67.2
BGM-16-380
140.4
-71
BGM-16-400
133.6
-65


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[stocktrademan]

BGMZF bullish 0.54

[Churak]

Well, I had to take some off the table today...sold 1/3 position...rest is in RRSP so gonna wait it out

[Churak]

feeling good, Louis!

[howestreetbull]

BGMZF Obradovich Out Lodder In as Pres and CEO
Barkerville Gold Mines Provides Corporate Update

TORONTO, ON / TheNewswire / July 6th, 2016 – Barkerville Gold Mines Ltd. (TSXV: BGM) (the “Company” or “Barkerville”) announces that the Board of Directors has appointed Chris Lodder as President and Chief Executive Officer of the Company effective immediately. Tom Obradovich has resigned as Chief Executive Officer as of the effective date but will continue to be an active member of the Board of Directors and will continue to provide technical services to the Company as a consultant on a number of strategic initiatives. Mr. Lodder has been a director of the Company since July 2015 and was appointed President in February 2016. In connection with his appointment, Mr. Lodder has been granted a further 600,000 stock options.

Greg Gibson, Co-Chairman commented, “The Board would like to thank Tom for his outstanding achievements as CEO of the Company. He has played a leading role in transitioning the Company through a difficult financial time at the end of 2014, raising critical finances, building a mutually beneficial relationship with the Lhtako First Nation, evolving the Company’s technology and assisting in consolidating the Company’s increasing land package in the Cariboo Mining District. The Company today is well financed, has a strong management team and Board, and is well on its’ way to demonstrating the significant value and exploration potential for gold mining in the Cariboo Region. We are most grateful that Tom will remain on the Board of Directors and his continued guidance as a consultant will be extremely valuable to Barkerville Gold Mines. The Company’s focus, objectives and operational strategy will not change.

Company Business Objectives:
Barkerville reiterates the parallel business objectives laid out in the Company’s news release dated
21 April 2016:
Primary Objective: Discover and define a resource and reserve base in the Cariboo Gold Camp that justifies the development of a low impact, economic, near site mining and processing facility and continue to develop a robust pipeline of exploration targets in order to ensure a long life mining operation.
Secondary Objective: BGM is aiming to complete underground mining of the Bonanza Ledge deposit and nearby mineralization hosted in the BC Vein. Mineral processing will be conducted at BGM’s 100% owned 800 TPD QR mill facility located approximately 110 kilometers by road from the Bonanza Ledge site. It is estimated that there is sufficient gold mineralization within the present permit area and tailings capacity at QR to continue mining and processing activities for more than three years. The mining operation will assist in offsetting some of the costs related to the aforementioned objective and also provide the Company’s mining team valuable information with respect to mining conditions and operating parameters in the areas of principal exploration and mining.
Exploration Update:
Throughout 2015 and 2016, the ongoing exploration program on Cow and Barkerville Mountains consisted of 71,000 meters of core drilling to date. This work is complemented with geologic modeling, historic data validation and re-logging of historical drill core. This exploration program will eventually result in a resource statement for Cow Mountain, BC Vein and potentially other targets, which would become publicly available Q1 2017.
The exploration program is also focusing on Island Mountain where mapping and sampling of accessible parts of historic underground workings are underway. This work will complement historic drill and mine data compilation and lead to an initial Phase I drill program. Drill permitting of Island Mountain is in progress and the Phase I program is estimated to begin in Q4 2016.
A large-scale regional exploration program was initiated in June 2016 to assess the greater potential of the largely unexplored 60 kilometer long Cariboo Gold Trend. From the time when the Cariboo Gold Project lands were consolidated to the present state by previous management, the overwhelming majority of exploration expenditures have been focused within the six kilometer corridor encompassing Island, Cow and Barkerville Mountains. In spite of the abundance of historical mineral and placer gold occurrences outside of this known area, a larger systematic exploration program has never been undertaken (refer to Figure 1 below). As such, a geologic mapping, rock and soil sampling program along these trends of known occurrences to the southeast and northwest of present drilling areas is being performed to generate new targets that will be ranked for a Phase I regional drilling program beginning Q4 2016. In parallel with the regional ground program, a 20,000 line kilometer airborne magnetic and electromagnetic VTEM survey is continuing with completion expected near the end of July 2016. This geophysical work will supplement the ongoing exploration activities by defining geophysical signatures for targeting additional mineralization.
Qualified Persons
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 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.

For further information on Barkerville Gold Mines Ltd. please contact:
Chris Lodder
President & Chief Executive Officer
Suite 400-365 Bay Street
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. BGM's mineral tenures cover 1,164 square kilometres along a strike length of 60 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 BGM 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 ore milled producing 25,464 ounces of gold. BGM has completed a number of drilling and exploration programs over the past 20 years and is currently compiling this data with all historical information in order develop geologic models which will assist new management and provide the framework to continue to explore 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.


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[Rocketred]

yup

[Churak]

yeah...great close with EOD push

[Rocketred]

70 cents close today must of been lol

[Churak]

He was excited at the drill results and his foot pushed the gas pedal a tad too hard on his way to tell the Spousal Unit...oopsy...

[Rocketred]

a speeding ticket lmao

[howestreetbull]

Barkerville Gold Mines Intersects 30.98 G/T (0.90 Oz/T) Au Over 6.80 Metres in Cow Mountain Phase I Drilling - New Gold Extension Discovered
V.BGM | 5 hours ago
(via Thenewswire.ca)

VANCOUVER, BC / TheNewswire / June 29, 2016 – Barkerville Gold Mines Ltd. (TSXV: BGM) (the “Company” or “BGM”) is pleased to announce results from the Phase I drilling program on Cow Mountain at the Company’s Cariboo Gold Project (CGP). The results of these drillholes are presented in Table 1. A drillhole location plan map and a longitudinal section are offered at the end of this release.


Drilling Highlights:


-BGM-16-280: 12.51 g/t (0.36 oz/t) Au over 9.70 metres including 17.95 g/t (0.52 oz/t) Au over 1.50 metres and 98.50 g/t (2.87 oz/t) Au over 0.87 metres

-BGM-16-298: 30.98 g/t (0.90 oz/t) Au over 6.80 metres including 52.94 g/t (1.54 oz/t) Au over 3.60 metres including 144.50 g/t (4.21 oz/t) Au over 1.10 metres and 15.85 g/t (0.46 oz/t) Au over 1.00 metres

-BGM-16-307: 34.79 g/t (1.01 oz/t) Au over 5.00 metres including 113.00 g/t (3.30 oz/t) Au over 1.10 metres and 42.60 g/t (1.24 oz/t) Au over 1.10 metres

-BGM-16-315: 28.40 g/t (0.83 oz/t) Au over 3.00 metres including 70.10 g/t (2.04 oz/t) Au over 1.20 metres

-BGM-16-326: 31.67 g/t (0.92 oz/t) Au over 2.90 metres including 11.40 g/t (0.33 oz/t) Au over 0.50 metres including 112.50 g/t (3.28 oz/t) Au over 0.70 metres

-BGM-16-333: 10.62 g/t (0.31 oz/t) Au over 9.30 metres including 23.78 g/t (0.69 oz/t) Au over 2.90 metres including 42.40 g/t (1.24 oz/t) Au over 1.00 metres and 29.70 g/t (0.87 oz/t) Au over 0.70 metres

-BGM-16-347: 119.69 g/t (3.49 oz/t) Au over 2.55 metres including 216.93 g/t (6.33 oz/t) Au over 1.40 metres including 317.00 g/t (9.25 oz/t) Au over 0.90 metres

-BGM-16-349: 21.41 g/t (0.62 oz/t) Au over 5.90 metres including 50.90 g/t (1.48 oz/t) Au over 1.50 metres including 71.10 g/t (2.07 oz/t) Au over 0.70 metres

-BGM-16-352: 28.45 g/t (0.83 oz/t) Au over 5.00 metres including 44.05 g/t (1.28 oz/t) Au over 3.00 metres including 43.50 g/t (1.27 oz/t) Au over 1.50 metres and 44.60 g/t (1.30 oz/t) Au over 1.50 metres

-BGM-16-359: 22.84 g/t (0.67 oz/t) Au over 8.05 metres including 53.57 g/t (1.56 oz/t) Au over 2.65 metres including 66.20 g/t (1.93 oz/t) Au over 1.45 metres and 38.30 g/t (1.12 oz/t) Au over 1.20 metres


Note: Reported core lengths represent 50-75% true widths.


Phase I Drilling

The initial 30,000 metre (18,452 metres completed), Phase I drilling program on Cow Mountain was exclusively intended to upgrade areas of geological uncertainty and secondly to augment the geological model in areas that were entirely devoid of historical drilling. The Pinkerton, Sanders, Rainbow
and No. 1 Zones have been drilled in the near surface by previous operators at a sufficient hole spacing as to demonstrate a high degree of geological confidence and as such were not the focus of this first drilling campaign. In total, 101 drillholes have been completed to date on approximately 50 metre centres throughout select areas of Cow Mountain.

New High Grade Gold Extension Discovered

A previously undeveloped and unexplored area of gold-bearing quartz veins hosted between the Sanders and Rainbow Zones at approximately 250 metres vertical depth below surface has been identified during the Phase I program:

-BGM-15-325 9.70 g/t (0.28 oz/t) Au over 7.35 metres including 28.50 g/t (0.83 oz/t) Au over 0.50 metres and 9.60 g/t (0.28 oz/t) Au over 0.50 metres and 44.60 g/t (1.30 oz/t) Au over 1.00 metres

-BGM-16-326 31.67 g/t (0.92 oz/t) Au over 2.90 metres including 11.40 g/t (0.33 oz/t) Au over 0.50 metres and 112.50 g/t (3.28 oz/t) Au over 0.70 metres

-BGM-16-340 5.70 g/t (0.17 oz/t) Au over 10.00 metres including 12.70 g/t (0.37 oz/t) Au over 3.40 metres and 30.30 g/t (0.88 oz/t) Au over 0.50 metres and 18.50 g/t (0.54 oz/t) Au over 0.50 metres and 14.70 g/t (0.43 oz/t) Au over 0.50 metres

-BGM-16-361 6.46 g/t (0.19 oz/t) Au over 12.70 metres including 20.94 g/t (0.61 oz/t) Au over 2.40 metres including 20.20 g/t (0.59 oz/t) Au over 0.70 metres and 47.50 g/t (1.39 oz/t) Au over 0.70 metres

Note: Reported core lengths represent 50-75% true widths.

Drilling in this new extension has now defined a corridor of auriferous quartz veins with a strike length of approximately 140 metres and was targeted because of a scarcity of historical drilling in this location. These new mineralized vein sets are untested at depth and also along strike to the northwest and have only been drilled on widely spaced 50 metre centres.

Current Status

With three drill rigs on Cow Mountain, the budgeted 30,000 metre Phase I campaign is continuing and preferentially concentrated on optimizing the continuity of gold mineralization in the near surface.

Mr. Chris Lodder, President of the Company noted, “The results to date from the Phase I program that targeted areas that lacked any historical drillholes is very positive. Not only have we identified a new mineralized extension with high exploration potential that is untested at depth, but we have also added additional gold mineralization across the extents of Cow Mountain”.

Qualified Persons

Exploration activities at the Cariboo Gold Project are jointly administered on site by the Company’s Project Managers Maggie Layman, P.Geo. and Wanda Carter, 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 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
Paul Geddes, P.Geo, Vice President Exploration of the Company.


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 5ppb and upper limit of 10,000ppb. Samples with gold assays greater than 10,000ppb are re-analyzed using 50g fire assay with gravimetric finish, as well as 1,000g screen metallic fire assay. 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 Limited please contact:

Tom Obradovich

Chief Executive Officer

[phone]

[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. BGM's mineral tenures cover 1,164 square kilometres along a strike length of 60 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 BGM 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 ore milled producing 25,464 ounces of gold. BGM has completed a number of drilling and exploration programs over the past 20 years and is currently compiling this data with all historical information in order develop geologic models which will assist new management and provide the framework to continue to explore 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 drillholes BGM-16-261 through BGM-16-361:


HOLE-ID

FROM

TO

LENGTH

AU G/T

AU OZ/T

BGM-16-261


NSA


BGM-16-262


NSA


BGM-16-263

58.50

60.00

1.50

10.30

0.30

BGM-16-263

127.45

128.20

0.75

166.50

4.86

BGM-16-264

29.50

33.50

4.00

17.02

0.50

INCLUDING

29.50

30.65

1.15

18.75

0.55

AND

30.65

31.95

1.30

24.80

0.72

AND

33.00

33.50

0.50

28.20

0.82

BGM-16-264

119.40

119.90

0.50

86.50

2.52

BGM-16-264

174.00

178.10

4.10

13.55

0.40

INCLUDING

174.00

175.50

1.50

25.20

0.74

AND

177.00

178.10

1.10

15.60

0.46

BGM-16-265

74.50

75.50

1.00

9.06

0.26

BGM-16-266


NSA


BGM-16-267


NSA


BGM-16-268

21.00

22.50

1.50

5.46

0.16

BGM-16-268

34.00

37.00

3.00

5.24

0.15

INCLUDING

36.00

37.00

1.00

9.67

0.28

BGM-16-269

31.00

33.50

2.50

5.46

0.16

INCLUDING

31.00

32.00

1.00

11.35

0.33

BGM-16-270

42.00

42.50

0.50

22.90

0.67

BGM-16-270

47.00

48.00

1.00

9.07

0.26

BGM-16-271


ABANDONED


BGM-16-272


NSA


BGM-16-273

51.05

52.30

1.25

19.15

0.56

BGM-16-273

119.00

122.05

3.05

17.84

0.52

INCLUDING

120.00

120.65

0.65

22.60

0.66

AND

120.65

122.05

1.40

23.20

0.68

BGM-16-273

140.50

141.00

0.50

22.90

0.67

BGM-16-274


NSA


BGM-16-275


NSA


BGM-16-276

72.00

74.20

2.20

10.08

0.29

INCLUDING

72.70

74.20

1.50

13.85

0.40

BGM-16-277

13.00

14.40

1.40

9.92

0.29

BGM-16-277

52.00

53.50

1.50

5.05

0.15

BGM-16-278


NSA


BGM-16-279

`


NSA


BGM-16-280

6.70

33.40

26.70

1.03

0.03

BGM-16-280

42.50

43.80

1.30

38.20

1.11

BGM-16-280

52.50

55.30

2.80

18.42

0.54

INCLUDING

53.30

54.20

0.90

22.90

0.67

AND

54.20

55.30

1.10

26.80

0.78

BGM-16-280

61.80

71.50

9.70

12.51

0.36

INCLUDING

64.50

66.00

1.50

17.95

0.52

AND

68.63

69.50

0.87

98.50

2.87

BGM-16-280

86.50

89.00

2.50

10.40

0.30

INCLUDING

86.50

87.50

1.00

8.37

0.24

AND

87.50

89.00

1.50

11.75

0.34

BGM-16-281

221.40

221.90

0.50

25.40

0.74

BGM-16-282

53.95

55.20

1.25

7.17

0.21

BGM-16-282

79.00

85.50

6.50

15.03

0.44

INCLUDING

79.00

80.00

1.00

50.00

1.46

AND

82.50

84.00

1.50

30.10

0.88

BGM-16-283

48.50

50.00

1.50

51.80

1.51

BGM-16-283

53.00

54.50

1.50

39.60

1.16

BGM-16-284

23.95

25.70

1.75

14.66

0.43

INCLUDING

23.95

24.70

0.75

9.40

0.27

AND

24.70

25.20

0.50

36.30

1.06

BGM-16-285

130.35

131.20

0.85

10.90

0.32

BGM-16-286


NSA


BGM-16-287

156.20

157.00

0.80

42.80

1.25

BGM-16-287

172.50

173.20

0.70

13.20

0.39

BGM-16-288

173.00

183.50

10.50

3.76

0.11

INCLUDING

173.00

174.50

1.50

13.15

0.38

AND

180.50

181.10

0.60

7.44

0.22

AND

182.40

183.50

1.10

12.80

0.37

BGM-16-289

100.10

101.00

0.90

14.95

0.44

BGM-16-289

119.00

125.00

6.00

8.79

0.26

INCLUDING

121.80

125.00

3.20

14.70

0.43

INCLUDING

121.80

122.30

0.50

16.80

0.49

AND

123.60

124.10

0.50

38.70

1.13

AND

124.10

125.00

0.90

15.65

0.46

BGM-16-289

155.60

156.20

0.60

11.15

0.33

BGM-16-290


NSA


BGM-16-291


NSA


BGM-16-292

104.55

105.30

0.75

9.37

0.27

BGM-16-292

153.30

153.90

0.60

23.10

0.67

BGM-16-293


NSA


BGM-16-294

103.00

104.00

1.00

8.00

0.23

BGM-16-295

160.50

161.00

0.50

24.10

0.70

BGM-16-296

59.95

60.55

0.60

74.10

2.16

BGM-16-297

9.50

14.00

4.50

10.76

0.31

INCLUDING

11.00

12.50

1.50

31.20

0.91

BGM-16-297

73.50

75.50

2.00

34.16

1.00

INCLUDING

73.50

74.20

0.70

96.90

2.83

BGM-16-297

133.50

135.00

1.50

6.50

0.19

BGM-16-298

41.00

42.50

1.50

5.49

0.16

BGM-16-298

51.50

53.00

1.50

6.34

0.18

BGM-16-298

200.30

201.00

0.70

6.17

0.18

BGM-16-298

204.50

211.30

6.80

30.98

0.90

INCLUDING

204.50

205.40

0.90

21.70

0.63

AND

207.70

211.30

3.60

52.94

1.54

INCLUDING

207.70

208.80

1.10

144.50

4.21

AND

208.80

209.80

1.00

15.85

0.46

AND

210.80

211.30

0.50

16.00

0.47

BGM-16-298

224.20

225.80

1.60

11.60

0.34

INCLUDING

224.20

225.00

0.80

12.70

0.37

AND

225.00

225.80

0.80

10.50

0.31

BGM-16-299

153.55

154.15

0.60

24.60

0.72

BGM-16-300

52.50

55.50

3.00

10.76

0.31

INCLUDING

53.00

54.50

1.50

26.30

0.77

BGM-16-300

74.00

76.50

2.50

11.67

0.34

INCLUDING

75.50

76.50

1.00

27.50

0.80

BGM-16-301

98.50

99.50

1.00

8.27

0.24

BGM-16-302

55.50

56.40

0.90

41.00

1.20

BGM-16-302

81.30

87.40

6.10

3.77

0.11

INCLUDING

81.30

82.00

0.70

11.95

0.35

AND

85.00

86.00

1.00

7.01

0.20

BGM-16-303

79.10

82.15

3.05

12.17

0.36

INCLUDING

79.10

80.20

1.10

13.20

0.39

AND

81.55

82.15

0.60

29.10

0.85

BGM-16-303

94.00

94.50

0.50

52.60

1.53

BGM-16-304

107.00

108.15

1.15

9.60

0.28

BGM-16-305

33.50

34.00

0.50

16.70

0.49

BGM-16-305

95.95

96.65

0.70

8.79

0.26

BGM-16-306

188.20

188.80

0.60

92.40

2.70

BGM-16-306

198.50

199.00

0.50

61.60

1.80

BGM-16-307

131.30

132.00

0.70

6.05

0.18

BGM-16-307

138.00

152.40

14.40

3.80

0.11

INCLUDING

141.00

142.50

1.50

20.60

0.60

AND

150.85

151.40

0.55

23.10

0.67

BGM-16-307

165.50

170.00

4.50

5.52

0.16

INCLUDING

166.52

167.00

0.48

33.50

0.98

AND

169.50

170.00

0.50

13.30

0.39

BGM-16-307

185.00

190.00

5.00

34.79

1.01

INCLUDING

186.30

187.40

1.10

113.00

3.30

AND

187.40

188.50

1.10

42.60

1.24

BGM-16-307

197.70

198.20

0.50

60.10

1.75

BGM-16-308


NSA


BGM-16-309

347.60

348.15

0.55

13.10

0.38

BGM-16-310

130.50

131.50

1.00

37.50

1.09

BGM-16-311

27.50

37.50

10.00

6.36

0.19

INCLUDING

27.50

30.00

2.50

21.40

0.62

INCLUDING

27.50

28.75

1.25

27.80

0.81

AND

28.75

30.00

1.25

15.00

0.44

BGM-16-312

26.50

27.40

0.90

11.60

0.34

BGM-16-312

30.00

31.00

1.00

6.84

0.20

BGM-16-312

34.00

35.00

1.00

10.55

0.31

BGM-16-312

43.15

44.15

1.00

9.57

0.28

BGM-16-312

62.70

63.85

1.15

8.90

0.26

BGM-16-313

7.00

8.50

1.50

24.70

0.72

BGM-16-314

25.50

27.00

1.50

17.40

0.51

BGM-16-315

65.00

68.00

3.00

28.40

0.83

INCLUDING

65.00

66.20

1.20

70.10

2.04

BGM-16-316

84.00

86.00

2.00

22.27

0.65

INCLUDING

85.00

86.00

1.00

43.10

1.26

BGM-16-316

134.15

144.50

10.35

6.76

0.20

INCLUDING

134.15

135.00

0.85

28.60

0.83

AND

140.80

142.00

1.20

31.10

0.91

BGM-16-316

170.70

171.80

1.10

8.95

0.26

BGM-16-317

8.80

9.80

1.00

35.20

1.03

BGM-16-318

8.60

17.30

8.70

5.19

0.15

INCLUDING

8.60

9.65

1.05

7.98

0.23

AND

16.75

17.30

0.55

64.20

1.87

BGM-16-318

76.00

76.60

0.60

7.84

0.23

BGM-16-318

128.00

129.55

1.55

23.40

0.68

BGM-16-319


NSA


BGM-16-320

105.97

106.95

0.98

19.40

0.57

BGM-16-320

114.40

115.20

0.80

7.70

0.22

BGM-16-321

105.00

108.00

3.00

15.47

0.45

INCLUDING

105.00

106.50

1.50

23.80

0.69

AND

106.50

108.00

1.50

7.14

0.21

BGM-16-321

164.50

165.50

1.00

107.00

3.12

BGM-16-322


NSA


BGM-16-323


NSA


BGM-16-324

125.50

127.00

1.50

95.30

2.78

INCLUDING

125.50

126.20

0.70

24.80

0.72

AND

126.20

127.00

0.80

157.00

4.58

BGM-16-325

117.50

118.00

0.50

73.40

2.14

BGM-16-325

295.85

303.20

7.35

9.70

0.28

INCLUDING

295.85

296.35

0.50

28.50

0.83

AND

301.70

302.20

0.50

9.60

0.28

AND

302.20

303.20

1.00

44.60

1.30

BGM-16-326

251.50

252.00

0.50

9.18

0.27

BGM-16-326

263.00

263.50

0.50

7.87

0.23

BGM-16-326

269.00

269.50

0.50

11.05

0.32

BGM-16-326

296.00

298.90

2.90

31.67

0.92

INCLUDING

296.50

297.00

0.50

11.40

0.33

AND

298.20

298.90

0.70

112.50

3.28

BGM-16-327

11.00

11.50

0.50

36.30

1.06

BGM-16-327

29.50

30.00

0.50

46.30

1.35

BGM-16-328

9.00

10.50

1.50

23.50

0.69

BGM-16-329

45.70

46.45

0.75

15.20

0.44

BGM-16-329

133.00

134.00

1.00

7.70

0.22

BGM-16-330

77.00

78.50

1.50

9.10

0.27

BGM-16-330

88.85

89.40

0.55

34.30

1.00

BGM-16-331

159.65

164.85

5.20

6.40

0.19

INCLUDING

159.65

160.40

0.75

39.00

1.14

BGM-16-332

78.50

81.60

3.10

19.29

0.56

INCLUDING

78.50

79.50

1.00

30.00

0.88

AND

79.50

80.50

1.00

16.50

0.48

AND

80.50

81.60

1.10

12.10

0.35

BGM-16-332

91.60

92.60

1.00

33.90

0.99

BGM-16-332

144.50

146.00

1.50

22.20

0.65

BGM-16-333

30.10

39.40

9.30

10.62

0.31

INCLUDING

30.10

33.00

2.90

23.78

0.69

INCLUDING

30.10

31.10

1.00

42.40

1.24

AND

32.30

33.00

0.70

29.70

0.87

BGM-16-333

38.70

39.40

0.70

40.80

1.19

BGM-16-334

114.50

116.00

1.50

7.01

0.20

INCLUDING

115.30

116.00

0.70

10.00

0.29

BGM-16-335

25.46

26.85

1.39

16.52

0.48

INCLUDING

25.46

26.00

0.54

38.50

1.12

BGM-16-335

37.55

38.80

1.25

9.42

0.27

BGM-16-335

56.60

64.00

7.40

4.88

0.14

INCLUDING

59.00

64.00

5.00

6.58

0.19

INCLUDING

59.00

60.00

1.00

9.62

0.28

AND

62.55

64.00

1.45

15.20

0.44

BGM-16-335

90.65

92.00

1.35

7.34

0.21

BGM-16-336

33.10

34.00

0.90

78.70

2.30

BGM-16-336

83.30

83.80

0.50

22.60

0.66

BGM-16-336

92.00

93.00

1.00

16.70

0.49

BGM-16-336

106.00

107.50

1.50

7.46

0.22

BGM-16-337

38.45

38.95

0.50

33.20

0.97

BGM-16-337

52.90

53.75

0.85

27.20

0.79

BGM-16-337

66.40

74.40

8.00

7.60

0.22

INCLUDING

66.40

67.55

1.15

29.40

0.86

AND

73.05

74.40

1.35

13.00

0.38

BGM-16-338

52.00

59.00

7.00

2.64

0.08

BGM-16-338

55.60

56.60

1.00

7.31

0.21

BGM-16-338

139.30

140.00

0.70

10.60

0.31

BGM-16-339


NSA


BGM-16-340

261.90

271.90

10.00

5.70

0.17

INCLUDING

268.50

271.90

3.40

12.70

0.37

AND

268.50

269.00

0.50

30.30

0.88

AND

269.00

269.50

0.50

18.50

0.54

AND

270.25

270.90

0.65

15.40

0.45

AND

271.40

271.90

0.50

14.70

0.43

BGM-16-341

116.40

117.10

0.70

26.40

0.77

BGM-16-341

122.00

122.50

0.50

8.90

0.26

BGM-16-341

160.60

161.10

0.50

20.50

0.60

BGM-16-341

246.00

246.50

0.50

11.40

0.33

BGM-16-341

265.50

266.50

1.00

10.30

0.30

BGM-16-342

53.25

53.90

0.65

12.80

0.37

BGM-16-343


NSA


BGM-16-344


ABANDONED


BGM-16-345

99.40

100.20

0.80

14.80

0.43

BGM-16-345

194.00

195.50

1.50

16.30

0.48

BGM-16-346


ABANDONED


BGM-16-347

89.45

92.00

2.55

119.69

3.49

INCLUDING

89.45

90.85

1.40

216.93

6.33

INCLUDING

89.45

90.35

0.90

317.00

9.25

AND

90.35

90.85

0.50

36.80

1.07

BGM-16-348

83.80

84.60

0.80

9.31

0.27

BGM-16-349

171.50

177.40

5.90

21.41

0.62

INCLUDING

171.50

173.00

1.50

50.90

1.48

AND

176.70

177.40

0.70

71.10

2.07

BGM-16-350

121.00

121.50

0.50

33.20

0.97

BGM-16-350

125.00

126.25

1.25

12.50

0.36

BGM-16-351

162.90

164.00

1.10

10.40

0.30

BGM-16-352

75.00

80.00

5.00

28.45

0.83

INCLUDING

75.50

78.50

3.00

44.05

1.28

INCLUDING

75.50

77.00

1.50

43.50

1.27

AND

77.00

78.50

1.50

44.60

1.30

BGM-16-353

281.90

282.90

1.00

12.60

0.37

BGM-16-354


ABANDONED


BGM-16-355

119.35

119.90

0.55

41.40

1.21

BGM-16-356


NSA


BGM-16-357

115.40

116.30

0.90

10.00

0.29

BGM-16-357

137.30

137.85

0.55

54.30

1.58

BGM-16-358

66.00

67.50

1.50

42.90

1.25

BGM-16-359

51.40

52.00

0.60

9.80

0.29

BGM-16-359

93.50

95.45

1.95

13.52

0.39

INCLUDING

94.75

95.45

0.70

28.20

0.82

BGM-16-359

114.50

116.00

1.50

13.50

0.39

BGM-16-359

123.15

124.40

1.25

210.00

6.13

BGM-16-359

146.30

147.60

1.30

9.08

0.26

BGM-16-359

168.45

176.50

8.05

22.84

0.67

INCLUDING

168.45

171.10

2.65

53.57

1.56

INCLUDING

168.45

169.90

1.45

66.20

1.93

AND

169.90

171.10

1.20

38.30

1.12

BGM-16-360

112.80

113.50

0.70

6.70

0.20

BGM-16-360

119.65

120.20

0.55

11.30

0.33

BGM-16-361

203.00

206.50

3.50

8.96

0.26

INCLUDING

204.00

205.00

1.00

24.60

0.72

BGM-16-361

242.30

255.00

12.70

6.46

0.19

INCLUDING

250.30

252.70

2.40

20.94

0.61

INCLUDING

250.30

251.00

0.70

20.20

0.59

AND

252.00

252.70

0.70

47.50

1.39


Notes:

(1)Core lengths represent 50-75% true widths. Rock not recovered by drilling was assigned zero grade and not included in the composites. Top cuts have not been applied to high grade assays. Conversion factor: 1.0 oz/t = 34.2857 g/t.
(2)NSA – No Significant Assays.

Table 2: Drillhole Collar Orientations


HOLE-ID

AZIMUTH

DIP

HOLE-ID

AZIMUTH

DIP

HOLE-ID

AZIMUTH

DIP

BGM-16-261

175.7

-45.1

BGM-16-295

167.7

-60.0

BGM-16-329

167.9

-69.9

BGM-16-262

175.0

-65.1

BGM-16-296

172.3

-46.0

BGM-16-330

352.0

-49.6

BGM-16-263

177.0

-45.0

BGM-16-297

175.5

-44.8

BGM-16-331

351.1

-69.5

BGM-16-264

177.9

-64.1

BGM-16-298

174.1

-59.9

BGM-16-332

172.8

-43.7

BGM-16-265

175.6

-44.8

BGM-16-299

175.5

-70.0

BGM-16-333

169.6

-57.3

BGM-16-266

175.9

-64.8

BGM-16-300

171.3

-60.0

BGM-16-334

168.5

-71.5

BGM-16-267

176.0

-46.0

BGM-16-301

168.1

-70.2

BGM-16-335

171.2

-45.5

BGM-16-268

172.9

-60.0

BGM-16-302

169.6

-45.5

BGM-16-336

168.5

-45.0

BGM-16-269

173.0

-70.0

BGM-16-303

173.4

-60.0

BGM-16-337

166.3

-56.4

BGM-16-270

176.7

-50.4

BGM-16-304

174.7

-70.1

BGM-16-338

166.2

-68.7

BGM-16-271

178.0

-59.9

BGM-16-305

173.2

-44.5

BGM-16-339

171.0

-46.3

BGM-16-272

176.1

-60.3

BGM-16-306

173.6

-60.4

BGM-16-340

170.8

-60.9

BGM-16-273

174.3

-49.1

BGM-16-307

173.8

-70.0

BGM-16-341

169.0

-69.8

BGM-16-274

171.2

-69.6

BGM-16-308

174.9

-44.9

BGM-16-342

172.1

-44.8

BGM-16-275

178.5

-45.0

BGM-16-309

175.7

-59.2

BGM-16-343

166.0

-72.6

BGM-16-276

177.0

-59.6

BGM-16-310

174.3

-71.6

BGM-16-344

137.3

-44.6

BGM-16-277

174.0

-69.9

BGM-16-311

172.8

-45.3

BGM-16-345

135.5

-44.5

BGM-16-278

176.7

-70.2

BGM-16-312

175.7

-59.3

BGM-16-346

162.6

-44.7

BGM-16-279

173.9

-44.7

BGM-16-313

175.1

-66.1

BGM-16-347

166.3

-45.0

BGM-16-280

171.9

-64.9

BGM-16-314

169.7

-45.0

BGM-16-348

163.9

-44.0

BGM-16-281

166.8

-45.8

BGM-16-315

166.2

-68.6

BGM-16-349

127.5

-54.9

BGM-16-282

169.2

-46.0

BGM-16-316

358.9

-48.3

BGM-16-350

163.4

-60.2

BGM-16-283

175.4

-46.2

BGM-16-317

173.1

-45.4

BGM-16-351

161.7

-70.3

BGM-16-284

176.8

-60.0

BGM-16-318

132.0

-45.1

BGM-16-352

172.6

-45.4

BGM-16-285

175.8

-69.5

BGM-16-319

135.5

-65.7

BGM-16-353

173.0

-59.0

BGM-16-286

173.8

-48.0

BGM-16-320

170.6

-45.6

BGM-16-354

170.7

-69.8

BGM-16-287

174.5

-44.8

BGM-16-321

129.8

-52.5

BGM-16-355

178.6

-43.9

BGM-16-288

174.8

-59.9

BGM-16-322

129.7

-59.6

BGM-16-356

177.4

-59.2

BGM-16-289

176.1

-69.2

BGM-16-323

169.4

-60.1

BGM-16-357

356.5

-65.3

BGM-16-290

171.4

-44.8

BGM-16-324

168.4

-45.4

BGM-16-358

174.3

-45.1

BGM-16-291

174.1

-45.1

BGM-16-325

168.7

-59.7

BGM-16-359

175.8

-60.5

BGM-16-292

177.8

-61.0

BGM-16-326

166.8

-70.9

BGM-16-360

176.4

-70.5

BGM-16-293

173.0

-69.6

BGM-16-327

168.1

-53.8

BGM-16-361

168.6

-69.6

BGM-16-294

169.6

-45.1

BGM-16-328

169.1

-65.0



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Tags: GOLD

Read more at http://www.stockhouse.com/news/press-releases/2016/06/29/barkerville-gold-mines-intersects-30-98-g-t-0-90-oz-t-au-over-6-80-metres-in#KB0w2zfFS6Tk3F1P.99

[goldenpolarbear]

ELKO – Jerritt Canyon President and CEO Greg Gibson spent a little time in the Elko County Jail Tuesday when he was booked on a warrant in connection to a speeding charge.

The warrant for failure to appear after bail for a misdemeanor was issued by the Beatty Justice Court.

According to the warrant information, the misdemeanor Gibson failed to show in court for was a speeding violation for driving 21 to 30 mph over the limit. It was a Nevada Highway Patrol case, according to the records.

Gibson, 54, of Massey, Ontario, has been the president and CEO of Jerritt Canyon Gold since the company bought the Elko County mine from Veris Gold in August.

His bail for the failure to appear warrant was $605.

http://elkodaily.com/mining/jerritt-canyon-ceo-booked-at-elko-jail-over-speeding-ticket/article_39db97ab-5cc9-54e1-ba56-fd6b73b33608.html

Greg Gibson get a great lawyer and listen to them .... IMHO ASAP!

[goldenpolarbear]

Jun 8, 2016 - ELKO – Jerritt Canyon President and CEO Greg Gibson spent a little time in the Elko County Jail ...

http://elkodaily.com/mining/jerritt-canyon-ceo-booked-at-elko-jail-over-speeding-ticket/article_39db97ab-5cc9-54e1-ba56-fd6b73b33608.html

I hope Greg Gibson is not detained for too long. I wonder if he will be able to be present at the Kerr Mines AGM and special meeting on June 30th on Bay Street in Toronto....?

Time to hire a great lawyer and do his best to...

Cheers,
Golden-Polar-Bear

[goldenpolarbear]

Jerritt Canyon President and CEO Greg Gibson spent a little time in the Elko County Jail ...

http://elkodaily.com/mining/jerritt-canyon-ceo-booked-at-elko-jail-over-speeding-ticket/article_39db97ab-5cc9-54e1-ba56-fd6b73b33608.html

Gibson to Board of Directors and Sprott Mining Inc. as Operator to Manage the Pardo Joint Venture

http://www.marketwired.com/press-release/inventus-appoints-greg-gibson-board-directors-sprott-mining-inc-as-operator-manage-pardo-tsx-venture-ivs-2101468.htm

I hope Greg Gibson is not detained for too long. I wonder if he will be able to be present at the Kerr Mines AGM and special meeting on June 30th on Bay Street in Toronto....?

Time to hire a great lawyer and do his best to...

Cheers,
Golden-Polar-Bear

[Rocketred]

yup new management has put on a nice show for BGM :))

[Churak]

looking good, Billy Ray