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.
