BGM.v Barkerville Gold drills 31 m of 9.97 g/t Au at Cariboo
2016-06-09 08:51 ET - News Release
Mr. Chris Lodder reports
BARKERVILLE GOLD MINES INTERSECTS 9.97 G/T (0.29 OZ/T) GOLD OVER 31.0 METRES INCLUDING 15.15 G/T (0.44 OZ/T) AU OVER 14.00 METRES IN PHASE II DRILLING ON BARKERVILLE MOUNTAIN
Barkerville Gold Mines Ltd. has released results from the phase II exploration and infill drilling programs on Barkerville Mountain at the company's flagship Cariboo gold project (CGP). The results of these drill holes are presented in the associated table. A drill hole location plan map and representative sections are available on the company's website.
Drilling highlights
BGM-15-165: 18.48 grams per tonne (0.54 ounce per ton) gold (Au) over 4.70 metres including 58.33 g/t (1.70 ounces per ton) Au over one metre;
BGM-15-166: 19.07 g/t (0.56 ounce per ton) Au over 4.70 metres including 23.27 g/t (0.68 ounce per ton) Au over one metre including 59.84 g/t (1.75 ounces per ton) Au over one metre;
BGM-15-172: 10.94 g/t (0.32 ounce per ton) Au over eight metres including 19.54 g/t (0.57 ounce per ton) Au over four metres and 35.40 g/t (1.03 ounces per ton) Au over one metre;
BGM-16-207: 23.28 g/t (0.68 ounce per ton) Au over seven metres including 48.60 g/t (1.42 ounces per ton) Au over 2.75 metres including 75.31 g/t (2.20 ounces per ton) Au over one metre;
BGM-16-219: 20.64 g/t (0.60 ounce per ton) Au over 7.25 metres including 38.32 g/t (1.12 ounces per ton) Au over 1.50 metres and 98.61 g/t (2.88 ounces per ton) Au over 1.05 metres;
BGM-16-226: 12.65 g/t (0.37 ounce per ton) Au over 7.70 metres including 73.93 g/t (2.16 ounces per ton) Au over 1.10 metres;
BGM-16-227: 9.97 g/t (0.29 ounce per ton) Au over 31.00 metres including 15.15 g/t (0.44 ounce per ton) Au over 14.00 metres including 24.22 g/t (0.71 ounce per ton) Au over six metres and 44.92 g/t (1.31 ounces per ton) Au over one metre;
BGM-16-258: 9.75 g/t (0.28 ounce per ton) Au over 8.80 metres including 15.11 g/t (0.44 ounce per ton) Au over 3.80 metres including 39.15 g/t (1.14 ounces per ton) Au over 0.90 metre and 15.57 g/t (0.45 ounce per ton) Au over 0.80 metre.
Note
* Reported core lengths represent 60-to-90-per-cent true widths.
Phase II BCV infill drilling
The phase II BCV infill program was performed to provide drilling confidence to the most economically prospective areas of the BCV mineralization that were identified in the 2015 phase I campaign. Although the BCV mineralization still remains open to depth over its currently delineated 1,400-metre strike length, the second phase preferentially focused on drill defining a near-surface resource and ultimately reserve base, which is intended to complement the longer-term Bonanza Ledge underground mine planning. Additional mineralization was intersected during the course of this program as hangingwall veins (HWV), which are a series of veins sets that occur directly above the BCV as demonstrated by drill hole BGM-16-207: 23.28 g/t (0.68 ounce per ton) Au over seven metres including 48.60 g/t (1.42 ounces per ton) Au over 2.75 metres.
Phase II BCV infill drilling was conducted from surface to 150 metres vertical over a strike length of 375 metres and has been drilled to about 15-metre centres.
TC area drilling
To further supplement the Bonanza Ledge mine plan with a steady pipeline of potential resources, drilling was performed in the TC area and occurs 100 metres north of the Bonanza Ledge mineralization as a series of veins comparable with the hangingwall veins above the BCV. Drill hole BGM-15-172, which intersected 10.94 g/t (0.32 ounce per ton) Au over eight metres including 19.54 g/t (0.57 ounce per ton) Au over four metres and 35.40 g/t (1.03 ounces per ton) Au over one metre, represents the deepest occurrence of this zone to date at only 50 metres vertically below surface. The TC area remains untested along strike to the north as well as downdip.
Bonanza Ledge drilling
In preparation for the upcoming underground development of the Bonanza Ledge resource, four drill holes were planned to confirm the historic resource block model geometry and grade as well as collect geotechnical data for mine planning. The 2016 drilling correlated extremely well with historical data and the favourable geotechnical results are being incorporated into the underground mine plan.
Commentary
"These new results from the B.C. vein and other areas on Barkerville Mountain demonstrate the potential for further near-surface, high-grade gold resources which we see as continued supply of mill feed after the eventual depletion of the Bonanza Ledge mineralization," noted Chris Lodder, president of Barkerville Gold Mines.
Qualified persons
Exploration activities at the Cariboo gold project are jointly administered on-site by the company's project managers Maggie Layman, PGeo, and Wanda Carter, 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 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 (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 Mr. Geddes, PGeo, vice-president, exploration.
Drill core samples are submitted to SGS Canada's analytical facility in Burnaby, B.C., for preparation and analysis. The SGS facility is accredited to the International Organization for Standardization/International Electrotechnical Commission 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 1,000 grams are pulverized. Analysis for gold is by 50-gram fire assay fusion with atomic absorption spectroscopy (AAS) finish with a lower limit of five parts per billion and upper limit of 10,000 ppb. Samples with gold assays greater than 10,000 ppb are reanalyzed using 50-gram fire assay with gravimetric finish, as well as 1,000-gram screen metallic fire assay. Samples are also analyzed using a 49-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).
LENGTH-WEIGHTED GOLD COMPOSITES FOR DRILL HOLES BGM-15-165 TO BGM-16-260
Hole ID From (m) To (m) Core length (m) Au (g/t) Au (oz/t)
BGM-15-165 14.00 16.00 2.00 29.27 0.85
BGM-15-165 22.30 27.00 4.70 18.48 0.54
Including 22.30 23.50 1.20 10.87 0.32
And 26.00 27.00 1.00 58.33 1.70
BGM-15-165 39.40 40.90 1.50 19.20 0.56
BGM-15-166 25.30 30.00 4.70 19.07 0.56
Including 25.30 26.30 1.00 23.27 0.68
And 29.00 30.00 1.00 59.84 1.75
BGM-15-166 42.50 43.50 1.00 8.12 0.24
BGM-15-167 241.50 242.00 0.50 80.68 2.35
BGM-15-168 15.00 16.00 1.00 9.15 0.27
BGM-15-168 24.10 31.00 6.90 16.54 0.48
Including 29.00 30.00 1.00 72.45 2.11
BGM-15-168 40.00 42.00 2.00 11.60 0.34
BGM-15-169 20.50 22.00 1.50 9.82 0.29
BGM-15-169 35.40 36.40 1.00 5.59 0.16
BGM-15-170 19.50 21.00 1.50 3.60 0.11
BGM-15-170 37.00 38.00 1.00 4.25 0.12
BGM-15-171 NSA
BGM-15-172 42.00 50.00 8.00 10.94 0.32
Including 46.00 50.00 4.00 19.54 0.57
Including 47.00 48.00 1.00 35.40 1.03
And 49.00 50.00 1.00 25.34 0.74
BGM-15-173 40.50 42.00 1.50 11.65 0.34
BGM-15-174 32.50 33.60 1.10 16.81 0.49
BGM-15-175 25.90 27.25 1.35 14.00 0.41
BGM-15-176 31.00 32.50 1.50 10.12 0.30
BGM-15-177 NSA
BGM-15-178 NSA
BGM-15-179 7.00 8.50 1.50 23.96 0.70
BGM-15-180 NSA
BGM-15-181 NSA
BGM-15-182 1.00 1.80 0.80 12.96 0.38
BGM-15-183 NSA
BGM-15-184 NSA
BGM-15-185 NSA
BGM-15-186 NSA
BGM-15-187 NSA
BGM-15-188 NSA
BGM-15-189 NSA
BGM-15-190 150.50 151.50 1.00 11.70 0.34
BGM-15-191 Abandoned
BGM-15-192 NSA
BGM-15-193 NSA
BGM-15-194 195.90 198.60 2.70 8.01 0.23
Including 197.30 198.00 0.70 12.31 0.36
And 198.00 198.60 0.60 16.10 0.47
BGM-15-195 NSA
BGM-15-196 NSA
BGM-15-197 NSA
BGM-15-198 10.95 15.00 4.05 10.40 0.30
Including 10.95 12.00 1.05 31.14 0.91
BGM-15-199 NSA
BGM-15-200 47.35 48.00 0.65 11.27 0.33
BGM-15-201 NSA
BGM-15-202 Abandoned
BGM-15-203 200.70 202.40 1.70 27.14 0.79
Including 200.70 201.70 1.00 36.75 1.07
And 201.70 202.40 0.70 13.42 0.39
BGM-15-203 411.00 412.00 1.00 7.30 0.21
BGM-15-204 Abandoned
BGM-16-205 NSA
BGM-16-206 113.50 115.00 1.50 13.13 0.38
BGM-16-206 146.75 149.40 2.65 16.30 0.48
Including 147.75 148.70 0.95 33.78 0.99
BGM-16-207 197.50 204.50 7.00 23.28 0.68
Including 197.50 200.25 2.75 48.60 1.42
Including 197.50 198.25 0.75 23.96 0.70
And 198.25 199.25 1.00 75.31 2.20
And 199.25 200.25 1.00 40.38 1.18
BGM-16-208 21.30 22.00 0.70 15.00 0.44
BGM-16-208 36.00 37.30 1.30 17.51 0.51
BGM-16-209 47.00 47.50 0.50 14.35 0.42
BGM-16-210 Abandoned
BGM-16-211 29.00 30.00 1.00 6.30 0.18
BGM-16-211 38.30 39.20 0.90 8.90 0.26
BGM-16-211 44.00 49.10 5.10 4.10 0.12
BGM-16-212 29.00 32.00 3.00 5.78 0.17
Including 30.30 31.00 0.70 22.65 0.66
BGM-16-212 57.00 62.20 5.20 6.82 0.20
BGM-16-213 162.00 163.50 1.50 12.27 0.36
BGM-16-214 NSA
BGM-16-215 41.00 42.00 1.00 24.82 0.72
BGM-16-216 38.00 39.00 1.00 8.00 0.23
BGM-16-216 44.70 46.00 1.30 7.10 0.21
BGM-16-217 60.20 61.60 1.40 13.44 0.39
BGM-16-217 81.40 82.00 0.60 15.64 0.46
BGM-16-218 NSA
BGM-16-219 32.00 40.25 8.25 20.64 0.60
Including 32.00 33.50 1.50 38.32 1.12
And 38.70 39.20 0.50 13.23 0.39
And 39.20 40.25 1.05 98.61 2.88
BGM-16-220 70.10 71.00 0.90 7.40 0.22
BGM-16-221 NSA
BGM-16-222 NSA
BGM-16-223 49.90 50.60 0.70 21.00 0.61
BGM-16-223 100.30 101.00 0.70 36.36 1.06
BGM-16-223 132.40 133.10 0.70 18.93 0.55
BGM-16-224 341.40 343.50 2.10 7.15 0.21
BGM-16-225 114.00 117.40 3.40 29.22 0.85
Including 114.00 115.00 1.00 32.72 0.95
And 115.00 116.00 1.00 59.48 1.73
BGM-16-226 100.80 108.50 7.70 12.65 0.37
Including 101.90 103.00 1.10 73.93 2.16
BGM-16-227 107.00 138.00 31.00 9.97 0.29
Including 107.00 108.50 1.50 36.94 1.08
And 121.00 135.00 14.00 15.15 0.44
Including 121.00 127.00 6.00 24.22 0.71
Including 121.00 122.00 1.00 25.08 0.73
And 124.00 125.00 1.00 44.92 1.31
And 125.00 126.00 1.00 25.74 0.75
And 126.00 127.00 1.00 37.81 1.10
Including 131.00 135.00 4.00 16.31 0.48
Including 131.00 132.00 1.00 16.52 0.48
And 133.00 134.00 1.00 26.75 0.78
And 134.00 135.00 1.00 12.88 0.38
BGM-16-228 NSA
BGM-16-229 NSA
BGM-16-230 143.50 149.95 6.45 11.25 0.33
Including 144.50 146.70 2.20 27.77 0.81
BGM-16-231 163.90 164.75 0.85 12.04 0.35
BGM-16-231 327.40 329.00 1.60 13.70 0.40
Including 328.40 329.00 0.60 29.76 0.87
BGM-16-232 NSA
BGM-16-233 NSA
BGM-16-234 144.00 147.00 3.00 10.75 0.31
Including 145.00 146.00 1.00 19.17 0.56
BGM-16-235 Abandoned
BGM-16-236 116.50 117.80 1.30 16.98 0.50
BGM-16-237 146.80 147.90 1.10 16.05 0.47
BGM-16-238 30.30 31.10 0.80 12.10 0.35
BGM-16-238 116.00 119.00 3.00 7.25 0.21
BGM-16-239 149.00 152.00 3.00 12.02 0.35
Including 150.00 151.10 1.10 30.45 0.89
BGM-16-240 94.50 95.90 1.40 4.50 0.13
BGM-16-241 113.00 115.00 2.00 40.57 1.18
Including 114.00 115.00 1.00 79.57 2.32
BGM-16-242 Abandoned
BGM-16-243 134.30 135.20 0.90 5.80 0.17
BGM-16-243 136.20 137.30 1.10 5.40 0.16
BGM-16-244 101.30 106.00 4.70 13.62 0.40
Including 101.30 102.00 0.70 31.45 0.92
And 103.00 104.00 1.00 19.77 0.58
And 104.00 105.00 1.00 11.48 0.33
BGM-16-245 107.00 112.50 5.50 8.27 0.24
Including 107.00 108.00 1.00 13.81 0.40
And 110.60 111.50 0.90 16.77 0.49
And 111.50 112.50 1.00 11.15 0.33
BGM-16-245 120.00 121.00 1.00 12.29 0.36
BGM-16-246 Abandoned
BGM-16-247 58.00 79.50 21.50 4.26 0.12
Including 73.50 78.00 4.50 8.76 0.26
BGM-16-248 59.00 87.00 28.00 3.02 0.09
Including 73.00 74.00 1.00 10.51 0.31
BGM-16-248 94.00 100.00 6.00 9.86 0.29
Including 95.00 98.62 3.62 12.67 0.37
Including 95.00 96.00 1.00 19.20 0.56
And 96.00 97.00 1.00 13.32 0.39
BGM-16-249 50.00 56.00 6.00 10.04 0.29
Including 50.00 51.50 1.50 28.41 0.83
BGM-16-249 101.10 102.00 0.90 26.41 0.77
BGM-16-250 NSA
BGM-16-251 101.70 106.00 4.30 5.86 0.17
Including 104.10 105.00 0.90 16.67 0.49
Including 131.30 132.50 1.20 14.93 0.44
BGM-16-252 129.50 132.50 3.00 7.01 0.20
BGM-16-253 NSA
BGM-16-254 152.00 153.00 1.00 77.51 2.26
BGM-16-255 121.50 123.00 1.50 6.20 0.18
BGM-16-256 103.50 104.15 0.65 9.27 0.27
BGM-16-256 113.00 113.80 0.80 10.67 0.31
BGM-16-256 121.70 125.55 3.85 5.51 0.16
BGM-16-257 NSA
BGM-16-258 154.70 163.50 8.80 9.75 0.28
Including 154.70 158.50 3.80 15.11 0.44
Including 154.70 155.60 0.90 39.15 1.14
And 157.70 158.50 0.80 15.57 0.45
BGM-16-259 NSA
BGM-16-260 62.00 86.00 24.00 5.96 0.17
Including 66.00 80.00 14.00 7.35 0.21
Including 66.00 72.00 6.00 7.35 0.21
Including 66.00 69.00 3.00 14.24 0.42
BGM-16-260 177.60 178.20 0.60 30.83 0.90
Notes
Core lengths represent 60-to-90-per-cent 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:
one ounce per ton equals 34.2857 g/t. NSA -- no significant assays.
We seek Safe Harbor.
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