Canadian Stocks

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Island Mountain Drilling Intersects New Vein Corridors at Mosquito Creek Zone: 14.70 g/t Au Over 23.60 Meters and 17.31 g/t Au Over 7.90 Meters -BGM.v
by @newswire on August 23, 2018
SHAFT ZONE HIGHLIGHTS INCLUDE 11.83 G/T OVER 17.50 METERS

TORONTO, Aug. 23, 2018 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling results from the 50,000-meter 2018 Island Mountain exploration and delineation program at the Company's flagship Cariboo Gold Project. The infill drilling results continue to demonstrate continuity and expansion of modelled vein corridors at both Shaft Zone and Mosquito Creek Zone on Island Mountain.

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

Recent highlights include high-grade intersections at Mosquito Creek Zone hole IM-18-102 that assayed 14.70 g/t Au over 23.60 meters, at a vertical depth of 120 meters. This intercept is 10 meters down dip from hole IM-17-100 that assayed 24.13 g/t Au over 12.70 meters. Recent high-grade intercepts at Shaft Zone on Island Mountain include 3,780 g/t Au over 0.70-meter-wide sample in hole IM-18-108 and 11.83 g/t Au over 17.50 meters in hole IM-18-113. Detailed drilling results are presented in the table below. A drill hole location plan map and vertical section are presented at the end of this release. The Company's 3D deposit model with assay highlights is located here.

Selected Drilling Highlights:

IM-18-094: 17.31 g/t Au over 7.90 meters
IM-18-095: 11.33 g/t Au over 4.95 meters
IM-18-096: 24.02 g/t Au over 2.50 meters
IM-18-097: 42.64 g/t Au over 2.80 meters
IM-18-098: 48.79 g/t Au over 1.65 meters
IM-18-102: 14.70 g/t Au over 23.60 meters
IM-18-106: 19.91 g/t Au over 5.10meters
IM-18-106: 10.70 g/t Au over 15.95 meters
IM-18-108: 3,780 g/t Au over 0.70 meter
IM-18-112: 6.22 g/t Au over 10.30 meters
IM-18-113: 11.83 g/t Au over 17.50 meters
IM-18-115: 105 g/t Au over 0.50 meters
IM-18-118: 14.82 g/t Au over 6.75 meters
IM-18-118: 34.94 g/t Au over 4.30 meters
IM-18-120: 10.33 g/t Au over 5.55 meters


Potential to Expand Mosquito Creek Zone

The intervals noted above were intersected in holes from both Shaft Zone and Mosquito Creek Zone on Island Mountain. The holes were designed to infill and expand mineralized vein corridors down to depths of 500 meters. Vein corridors are defined as a high-density network of mineralized quartz veins within the sandstones. Mineralized quartz veins on the Cariboo Gold Project are overall sub-vertical dip and northeast strike. These corridors have been defined from surface to a vertical depth of 600 meters and remain open for expansion at depth and down plunge. Gold grades are intimately associated with vein-hosted pyrite as well as pyritic, intensely silicified wall rock haloes in close proximity to the veins. A cross section of IM-18-102 is present below and identifies areas of vein mineralization wider than previously interpreted. The Mosquito Creek Zone is untested along strike to the north west.

The Company is currently exploring and delineating vein corridors with six drill rigs on Cow Mountain.

Qualified Persons

Exploration activities at the Cariboo Gold Project are administered on site by the Company's Project Geologists, Kyle Orr and Felipe Castaneda. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, P.Geo. Vice President Exploration, is the Qualified Person for the Company and has prepared, validated and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration activities on the Cariboo Gold Project.

Quality Assurance – Quality Control

Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently stored on site at the Company's secure facility in Wells, BC. Numbered security tags are applied to lab shipments for chain of custody requirements. The Company inserts quality control (QC) samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QAQC program was designed and approved by Lynda Bloom, P.Geo. of Analytical Solutions Ltd., and is overseen by the Company's Qualified Person, Maggie Layman, P.Geo, Vice President Exploration.

Drill core samples are submitted to ALS Geochemistry's analytical facility in North Vancouver, British Columbia for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed and 250 grams is pulverized. Analysis for gold is by 50g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 ppm and upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are re-analyzed using a 1,000g screen metallic fire assay. A selected number of samples are also analyzed using a 48 multi-elemental geochemical package by a 4-acid digestion, followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) and Inductively Coupled Plasma Mass Spectroscopy (ICP-MS).

About Barkerville Gold Mines Ltd.

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

Cautionary Statement on Forward -Looking Information

Neither the TSX Venture Exchange ('TSXV') nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.



Table 1: Length weighted gold composites from Island Mountain

HOLE ID


FROM

TO

CORE

LENGTH (M)

AU (G/T)

ZONE

IM-18-091


43.70

44.85

1.15

20.30

Shaft



57.35

58.10

0.75

24.20




78.85

79.90

1.05

5.04




95.90

96.40

0.50

8.44




98.00

99.30

1.30

8.85




161.00

161.50

0.50

18.30




171.75

172.60

0.85

9.14




215.50

216.50

1.00

5.42


IM-18-092


30.00

30.90

0.90

6.48

Shaft

IM-18-093


35.50

36.20

0.70

3.31

Mosquito Creek



75.00

75.85

0.85

1.30




107.00

108.65

1.65

4.92




112.75

113.35

0.60

7.87




143.85

144.35

0.50

4.53




155.30

156.00

0.70

4.52




161.25

162.25

1.00

4.37


IM-18-094


71.20

71.75

0.55

4.09

Mosquito Creek



77.05

78.20

1.15

13.35




99.00

100.10

1.10

13.75




101.05

103.35

2.30

3.48




145.95

153.85

7.90

17.31



Including

145.95

146.50

0.55

9.82



and

147.55

148.40

0.85

40.60



and

149.10

149.65

0.55

15.85



and

150.15

150.65

0.50

37.30



and

152.15

153.20

1.05

47.60




156.80

157.85

1.05

17.30




207.80

208.65

0.85

30.00


IM-18-095


67.50

68.95

1.45

13.10

Shaft



185.50

190.45

4.95

11.33



Including

186.40

187.30

0.90

8.83



and

187.30

188.20

0.90

32.90



and

189.50

190.45

0.95

13.75


IM-18-096


49.10

49.75

0.65

18.70

Shaft



53.50

54.00

0.50

4.54




107.25

111.35

4.10

5.34



Including

107.25

108.00

0.75

11.50



and

109.00

109.60

0.60

3.91



and

110.40

111.35

0.95

11.15




168.00

174.00

6.00

7.53



Including

168.00

169.00

1.00

8.77



and

169.00

170.50

1.50

11.10



and

173.40

174.00

0.60

27.30




195.20

197.70

2.50

24.02



Including

195.20

195.80

0.60

11.20



and

196.70

197.70

1.00

52.90


IM-18-097


12.95

15.75

2.80

42.64

Shaft


Including

14.45

15.75

1.30

87.10




103.50

104.00

0.50

21.70




115.30

116.10

0.80

23.90




119.65

120.15

0.50

4.66


IM-18-098


154.35

156.00

1.65

48.79

Shaft


Including

154.85

155.35

0.50

69.30



and

155.35

156.00

0.65

68.00


IM-18-099


24.00

25.00

1.00

4.75

Shaft

IM-18-100


138.60

139.20

0.60

13.25

Shaft



140.15

141.10

0.95

4.15




176.50

177.00

0.50

15.00




182.80

183.30

0.50

6.90


IM-18-101


130.20

130.80

0.60

5.59

Shaft



140.40

140.90

0.50

34.70




157.00

158.40

1.40

19.23



Including

157.60

158.40

0.80

31.30




177.85

179.35

1.50

14.95




232.50

233.00

0.50

14.80




264.65

270.70

6.05

5.40



Including

264.65

265.20

0.55

6.99



and

267.50

268.10

0.60

28.30



and

269.95

270.70

0.75

9.15




274.80

275.30

0.50

8.28


IM-18-102


95.00

95.50

0.50

20.10

Mosquito Creek



130.00

153.60

23.60

14.70



Including

131.50

132.60

1.10

93.30



and

135.10

135.80

0.70

29.40



and

139.50

140.00

0.50

10.50



and

141.00

141.50

0.50

14.40



and

142.30

142.80

0.50

40.60



and

142.80

143.90

1.10

105.50



and

145.00

145.50

0.50

12.35



and

150.15

150.80

0.65

13.05



and

153.10

153.60

0.50

37.20




171.75

172.60

0.85

35.40


IM-18-103


46.10

48.33

2.23

21.12

Shaft


Including

46.90

47.40

0.50

46.50




136.00

137.00

1.00

6.78




175.75

177.10

1.35

13.50


IM-18-104


57.95

58.80

0.85

20.80

Shaft



72.00

72.75

0.75

6.47




80.45

84.50

4.05

11.26



Including

83.00

84.50

1.50

27.00




225.80

229.50

3.70

5.97



Including

225.80

227.00

1.20

14.85


IM-18-105


31.50

32.35

0.85

24.80

Shaft



43.45

44.05

0.60

80.50




56.00

56.50

0.50

6.39




111.15

112.50

1.35

6.36




129.40

130.00

0.60

24.20




217.50

219.00

1.50

25.50


IM-18-106


34.00

39.10

5.10

19.91

Shaft


Including

34.00

34.50

0.50

9.27



and

36.00

37.00

1.00

13.40



and

38.40

39.10

0.70

117.50




49.50

50.00

0.50

55.70




118.40

120.00

1.60

19.20



Including

118.40

119.20

0.80

28.30




127.20

130.00

2.80

11.06



Including

127.20

127.80

0.60

27.40



and

129.50

130.00

0.50

22.70




132.10

132.60

0.50

10.40




142.00

143.00

1.00

4.47




148.90

152.75

3.85

10.15



Including

148.90

149.50

0.60

8.57



and

151.60

152.75

1.15

26.70




156.50

157.20

0.70

31.60




161.40

162.50

1.10

5.15




166.20

166.70

0.50

8.72




172.00

173.20

1.20

4.69




208.84

209.95

1.11

10.60




217.05

233.00

15.95

10.70



Including

217.05

218.00

0.95

5.02



and

228.85

229.40

0.55

14.35



and

229.40

230.10

0.70

18.45



and

230.10

231.00

0.90

112.00



and

232.00

233.00

1.00

9.93


IM-18-107


43.00

43.50

0.50

5.35

Shaft



134.75

135.70

0.95

6.38


IM-18-108


34.50

35.20

0.70

3780.00

Shaft



36.50

38.00

1.50

5.23




54.10

57.10

3.00

4.70


IM-18-109


135.00

135.50

0.50

4.91

Mosquito Creek



145.00

147.00

2.00

13.81



Including

145.00

146.35

1.35

18.30


IM-18-110


84.60

85.15

0.55

13.20

Shaft

IM-18-111


33.50

34.50

1.00

25.10

Shaft



106.30

107.00

0.70

23.40




109.50

110.00

0.50

4.57




120.80

122.00

1.20

13.05




126.45

127.65

1.20

8.86




175.00

175.70

0.70

5.39




190.10

190.70

0.60

18.75




230.00

230.60

0.60

17.50


IM-18-112


92.25

92.75

0.50

15.05

Shaft



138.00

139.50

1.50

8.03




145.60

146.65

1.05

40.80




153.40

154.10

0.70

4.53




172.20

182.50

10.30

6.22



Including

172.20

172.90

0.70

35.40



and

175.00

175.50

0.50

10.10



and

176.50

177.40

0.90

7.27



and

180.50

181.05

0.55

24.60




189.80

191.10

1.30

6.78



Including

189.80

190.60

0.80

8.78




202.65

205.00

2.35

9.25



Including

203.65

205.00

1.35

12.40




227.00

227.80

0.80

20.30




237.00

237.50

0.50

5.41




251.45

252.25

0.80

5.48




254.45

255.40

0.95

8.86


IM-18-113


261.20

278.70

17.50

11.83

Shaft


Including

261.20

261.80

0.60

25.70



and

266.45

267.00

0.55

64.40



and

267.00

267.80

0.80

20.40



and

269.05

269.70

0.65

14.25



and

272.25

273.45

1.20

41.10



and

275.10

276.00

0.90

24.50



and

276.70

277.20

0.50

20.10


IM-18-114

Hole Abandoned




Shaft

IM-18-115


36.00

36.60

0.60

91.50

Shaft



112.70

116.70

4.00

3.13



Including

112.70

113.30

0.60

8.33




213.75

214.25

0.50

105.00




386.30

386.85

0.55

37.50




402.50

405.15

2.65

4.31


IM-18-116


8.10

8.60

0.50

5.30

Shaft

IM-18-117


89.00

91.00

2.00

8.06

Shaft


Including

90.50

91.00

0.50

21.90




206.60

207.10

0.50

13.25




216.10

216.60

0.50

3.06




224.20

224.70

0.50

13.60




231.85

232.50

0.65

4.68




273.65

274.15

0.50

25.10


IM-18-118


68.90

69.75

0.85

4.78

Shaft



87.00

93.75

6.75

14.82



Including

88.30

89.30

1.00

73.70



and

93.00

93.75

0.75

11.30




142.55

144.00

1.45

14.99



Including

142.55

143.50

0.95

17.65




149.60

152.00

2.40

5.79



Including

151.35

152.00

0.65

13.65




153.95

158.25

4.30

34.94



Including

153.95

154.45

0.50

31.10



and

154.45

154.95

0.50

33.70



and

154.95

155.45

0.50

5.63



and

155.45

156.30

0.85

7.77



and

156.30

156.90

0.60

64.80



and

156.90

157.40

0.50

50.50



and

157.40

158.25

0.85

52.10


IM-18-119

No Significant Assays




Shaft

IM-18-120


190.45

196.00

5.55

10.33

Shaft


Including

190.45

191.00

0.55

8.72



and

191.00

192.00

1.00

10.45



and

192.00

193.00

1.00

10.45



and

193.00

193.70

0.70

5.08



and

193.70

194.20

0.50

17.65



and

194.20

194.70

0.50

6.31



and

194.70

195.20

0.50

19.40



and

195.20

196.00

0.80

8.02


IM-18-121


33.15

33.65

0.50

50.30

Mosquito Creek



34.80

35.35

0.55

93.30




164.60

165.20

0.60

6.90




238.25

238.90

0.65

14.10




245.15

247.75

2.60

9.41



Including

245.15

246.00

0.85

23.50



and

246.75

247.25

0.50

5.94


IM-18-122


117.50

118.20

0.70

2.92

Mosquito Creek

IM-18-123

No Significant Assays




Mosquito Creek

IM-18-124

No Significant Assays




Mosquito Creek

IM-18-125


113.60

115.05

1.45

8.58

Mosquito Creek

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

Table 2: Drillhole Collar Orientations:

HOLE ID

AZIMUTH

DIP

IM-18-091

153

-53

IM-18-092

133

-63

IM-18-093

315

-50

IM-18-094

315

-55

IM-18-095

127

-68

IM-18-096

146

-61

IM-18-097

142

-55

IM-18-098

126

-52

IM-18-099

125

-45

IM-18-100

142

-50

IM-18-101

128

-50

IM-18-102

314

-59

IM-18-103

142

-65

IM-18-104

136

-44

IM-18-105

130

-51

IM-18-106

120

-50

IM-18-107

140

-45

IM-18-108

141

-50

IM-18-109

341

-47

IM-18-110

158

-47

IM-18-111

122

-58

IM-18-112

136

-61

IM-18-113

131

-51

IM-18-115

126

-48

IM-18-116

148

-68

IM-18-117

136

-45

IM-18-118

132

-59

IM-18-119

128

-48

IM-18-120

135

-70

IM-18-121

152

-48

IM-18-122

133

-48

IM-18-123

132

-50

IM-18-124

147

-47

IM-18-125

145

-45



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

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

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

SOURCE Barkerville Gold Mines Ltd.


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