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Thursday, January 10, 2019 8:59:38 AM
BGM.v $BGMZF Barkerville Gold Intersects 9.85 g/t Gold Over 10.40 Meters and 8.96 g/t Gold Over 8.60 Meters
by @newswire on January 10, 2019
HIGH-GRADE INTERCEPTS INCLUDE 102.50 G/T GOLD OVER 0.60 METER, 180.50 G/T GOLDOVER 0.55 METER, 169.50 G/T GOLD OVER 0.50 METER
TORONTO, Jan. 10, 2019 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce drilling results of 50 holes from the 2018 Cow Mountain exploration and category conversion program at the Company's flagship Cariboo Gold Project. The recent drilling results demonstrate continuity of high grade gold mineralization within vein corridors and extensions down dip and down plunge. A total of 63,970 meters in 231 holes were drilled on Cow Mountain during the 2018 drill program.
Recent highlights from the Cow Mountain exploration and delineation program include 10.47 g/t Au over 7.30 meters in hole CM-18-164, located 20 meters down dip from CM-18-159, that intersected 8.70 g/t Au over 3.35 meters within an existing vein corridor. CM-18-153 intersected 8.96 g/t Au over 8.60 meters, including high grade intercepts of 17.40 g/t Au over 0.85 meter, 9.35 g/t Au over 0.50 meter and 33.30 g/t Au over 0.70 meter.
Selected Drilling Highlights:
CM-18-151: 29.87 g/t Au over 3.85meters including 102.50 g/t Au over 0.60 meters
CM-18-153: 8.96 g/t Au over 8.60 meters
CM-18-158: 9.85 g/t Au over 10.40 meters
CM-18-159: 169.50 g/t Au over 0.50 meter
CM-18-159: 8.70 g/t Au over 3.35 meters
CM-18-164: 10.47 g/t Au over 7.30 meters
CM-18-172: 9.08 g/t Au over 4.55 meters
CM-18-172: 35.32 g/t Au over 3.50 meters including 180.50 g/t Au over 0.55 meter
CM-18-178: 73.70 g/t Au over 0.70 meter
CM-18-186: 10.39 g/t Au over 3.65 meters
CM-18-187: 11.09 g/t Au over 3.10 meters
CM-18-197: 7.05 g/t Au over 6.65 meters
CM-18-198: 45.50 g/t Au over 0.95 meter
True widths are estimated to be 50 to 75% of reported core length intervals. Intervals not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays.
A drill hole location plan map and section are presented below. Detailed drilling results are presented at the end of this release. The Cow Mountain 3D deposit model with assay highlights is located on the Company's website:
Barkerville Gold Mines Ltd. 3D Deposit Model
The drill program at Cow Mountain was designed to infill and expand high-grade gold-mineralized vein corridors modelled in the May 2018 Cow Mountain resource estimate. Vein corridors are defined as a high-density network of mineralized quartz veins within the sandstones. Mineralized quartz veins on the Cariboo Gold Project are overall sub-vertical dip and northeast strike. These corridors have been defined from surface to a vertical depth of up to 300 meters and remain open for expansion at depth and down plunge. Gold grades are intimately associated with vein-hosted pyrite as well as pyritic, intensely silicified wall rock haloes in close proximity to the veins.
Qualified Persons
Exploration activities at the Cariboo Gold Project are administered on site by the Company's Project Geologists, Kyle Orr and Felipe Castaneda. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, P.Geo. Vice President Exploration, is the Qualified Person for the Company and has prepared, validated and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration activities on the Cariboo Gold Project.
Quality Assurance – Quality Control
Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently stored on site at the Company's secure facility in Wells, BC. Numbered security tags are applied to lab shipments for chain of custody requirements. The Company inserts quality control (QC) samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QAQC program was designed and approved by Lynda Bloom, P.Geo. of Analytical Solutions Ltd., and is overseen by the Company's Qualified Person, Maggie Layman, P.Geo, Vice President Exploration.
Drill core samples are submitted to ALS Geochemistry's analytical facility in North Vancouver, British Columbia for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed, and 250 grams is pulverized. Analysis for gold is by 50g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 ppm and upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are re-analyzed using a 1,000g screen metallic fire assay. A selected number of samples are also analyzed using a 48 multi-elemental geochemical package by a 4-acid digestion, followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) and Inductively Coupled Plasma Mass Spectroscopy (ICP-MS).
About Barkerville Gold Mines Ltd.
The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville's Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company's Brownfield's exploration team is focused on developing and delineating a mineable resource within the 7 kilometers of principle project area located near the town of Wells, British Columbia. The Company's Greenfield's team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation's team is focused on developing and mining the Bonanza Ledge and BC Vein deposits on Barkerville Mountain. This operation allows the company to generate near term cash flow, train a local work force, keeps the present mining permit active, and de-risk's the project through staged production growth. Processing of material from these deposits is processed at the QR mill. QR is a fully owned, permitted mill and tailings facility, located approximately 110 kilometres away from Wells, and can be accessed by an all-season road.
Cautionary Statement on Forward -Looking Information
Neither the TSX Venture Exchange ('TSXV') nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Table 1: Length Weighted Gold Composites from Cow Mountain
HOLE ID
FROM
TO
LENGTH (M)
AU (G/T)
CM-18-151
37.50
39.20
1.70
19.52
Including
37.50
38.00
0.50
58.40
And
38.70
39.20
0.50
7.43
50.60
53.00
2.40
3.95
Including
51.50
52.00
0.50
7.56
And
52.50
53.00
0.50
6.41
73.70
74.20
0.50
6.26
89.50
93.35
3.85
29.87
Including
89.50
90.05
0.55
10.10
And
90.05
90.65
0.60
102.50
And
92.60
93.35
0.75
59.20
217.50
218.00
0.50
4.83
CM-18-152
75.60
76.10
0.50
4.48
250.50
253.35
2.85
7.86
Including
250.50
251.25
0.75
26.40
273.15
273.65
0.50
17.15
283.20
283.70
0.50
26.10
359.80
360.80
1.00
7.01
CM-18-153
237.90
246.50
8.60
8.96
Including
241.20
242.05
0.85
17.40
And
242.05
242.55
0.50
9.35
And
244.15
244.85
0.70
33.30
251.25
251.75
0.50
6.79
262.30
262.80
0.50
4.38
CM-18-154
48.00
48.60
0.60
6.46
CM-18-155
No Significant Assays
CM-18-156
63.00
63.50
0.50
7.25
106.00
106.50
0.50
4.20
148.35
148.85
0.50
24.30
181.00
182.50
1.50
4.81
CM-18-157
43.60
44.20
0.60
4.62
CM-18-158
189.10
199.50
10.40
9.85
Including
189.10
190.10
1.00
48.90
And
190.10
190.80
0.70
10.20
And
194.50
195.10
0.60
9.78
And
195.10
196.00
0.90
16.85
And
197.20
198.00
0.80
16.55
239.50
240.00
0.50
4.98
273.90
274.50
0.60
4.36
399.70
401.35
1.65
8.35
Including
400.60
401.35
0.75
10.70
CM-18-159
140.70
141.20
0.50
169.50
150.60
151.20
0.60
8.25
157.20
161.15
3.95
5.50
Including
158.20
159.00
0.80
14.55
And
159.00
160.00
1.00
8.76
203.40
205.90
2.50
8.38
Including
205.20
205.90
0.70
27.20
217.50
218.00
0.50
4.81
233.30
233.80
0.50
8.43
242.70
243.40
0.70
4.75
339.20
341.70
2.50
6.75
Including
340.00
340.70
0.70
7.50
And
340.70
341.70
1.00
8.76
347.55
348.05
0.50
8.10
349.65
353.00
3.35
8.70
Including
349.65
350.65
1.00
15.65
And
352.35
353.00
0.65
18.85
359.90
360.40
0.50
8.13
CM-18-160
177.50
178.15
0.65
8.64
250.85
252.00
1.15
10.52
Including
250.85
251.50
0.65
15.45
328.15
329.00
0.85
5.14
CM-18-161
52.70
53.75
1.05
19.65
57.40
57.90
0.50
10.00
66.45
67.00
0.55
4.97
114.30
115.00
0.70
21.70
189.50
195.00
5.50
4.78
Including
191.00
192.00
1.00
11.05
And
193.50
195.00
1.50
7.19
CM-18-162
109.40
110.00
0.60
17.10
118.90
119.50
0.60
11.20
CM-18-163
67.50
72.00
4.50
4.90
Including
67.50
68.30
0.80
15.40
And
71.20
72.00
0.80
8.33
189.90
190.50
0.60
12.75
CM-18-164
194.10
194.80
0.70
14.45
201.90
202.40
0.50
6.33
221.60
222.10
0.50
21.40
223.60
224.20
0.60
4.40
230.50
231.00
0.50
21.80
241.20
241.70
0.50
8.11
246.50
247.00
0.50
5.14
257.25
257.75
0.50
4.51
303.70
304.25
0.55
4.00
321.30
321.80
0.50
5.39
348.80
350.45
1.65
18.35
Including
348.80
349.45
0.65
15.05
And
349.95
350.45
0.50
40.50
360.20
360.70
0.50
9.44
365.70
373.00
7.30
10.47
Including
365.70
366.25
0.55
49.30
And
368.00
368.75
0.75
23.20
And
369.45
370.15
0.70
11.65
And
371.40
372.20
0.80
11.95
CM-18-165
74.50
76.00
1.50
5.02
80.35
81.00
0.65
4.98
118.00
118.60
0.60
18.10
CM-18-166
119.25
119.75
0.50
5.76
122.50
123.00
0.50
18.60
135.00
135.50
0.50
5.48
137.40
138.00
0.60
4.70
179.20
180.00
0.80
4.36
196.25
197.20
0.95
5.55
362.30
362.85
0.55
5.64
469.25
469.70
0.45
4.78
CM-18-167
118.80
120.80
2.00
10.47
Including
120.30
120.80
0.50
22.50
129.00
129.90
0.90
9.34
138.10
138.60
0.50
7.29
180.30
181.60
1.30
10.85
246.60
247.25
0.65
10.45
261.45
262.00
0.55
9.66
308.80
309.53
0.73
9.55
CM-18-168
214.90
215.40
0.50
39.90
216.00
216.50
0.50
11.70
246.90
247.50
0.60
11.75
262.80
263.30
0.50
4.65
CM-18-169
233.80
234.30
0.50
15.10
267.60
268.35
0.75
14.05
310.00
310.50
0.50
20.10
361.45
361.95
0.50
10.50
365.70
366.20
0.50
10.55
369.70
370.60
0.90
22.70
406.25
407.05
0.80
32.90
CM-18-170
109.85
110.35
0.50
17.90
144.10
144.65
0.55
23.80
174.45
175.25
0.80
6.10
211.65
212.85
1.20
26.66
Including
212.35
212.85
0.50
35.00
322.15
323.05
0.90
5.19
CM-18-171
No Significant Assays
CM-18-172
176.25
180.80
4.55
9.08
Including
179.20
179.75
0.55
46.30
And
179.75
180.30
0.55
9.08
And
180.30
180.80
0.50
9.56
277.55
281.05
3.50
35.32
Including
277.55
278.10
0.55
180.50
And
279.30
280.00
0.70
14.15
And
280.00
281.05
1.05
12.10
373.10
375.00
1.90
5.13
Including
374.40
375.00
0.60
10.15
409.95
412.40
2.45
9.07
Including
409.95
411.00
1.05
11.80
And
411.00
411.85
0.85
9.89
413.80
414.20
0.40
4.02
CM-18-173
116.00
116.50
0.50
5.16
134.40
135.00
0.60
10.25
190.75
191.35
0.60
4.71
196.40
197.45
1.05
4.34
240.75
241.85
1.10
11.56
244.50
245.00
0.50
17.35
301.90
302.40
0.50
7.29
321.05
324.55
3.50
8.13
Including
321.05
321.85
0.80
15.60
And
323.85
324.55
0.70
21.10
332.50
333.00
0.50
11.25
337.00
339.00
2.00
5.77
Including
338.50
339.00
0.50
16.45
CM-18-174
95.75
96.25
0.50
5.70
141.00
141.65
0.65
4.16
165.00
166.30
1.30
17.98
Including
165.50
166.30
0.80
22.00
208.40
209.35
0.95
25.30
CM-18-175
154.00
154.50
0.50
6.82
191.30
191.80
0.50
8.25
231.50
232.15
0.65
14.60
253.80
254.30
0.50
6.74
367.70
369.70
2.00
4.81
Including
367.70
368.90
1.20
5.40
CM-18-176
127.65
130.55
2.90
5.91
Including
130.00
130.55
0.55
7.67
CM-18-177
74.80
75.20
0.40
8.27
107.50
108.00
0.50
5.63
CM-18-178
172.50
173.00
0.50
9.95
185.25
186.00
0.75
9.69
246.87
249.50
2.63
4.06
Including
246.87
247.50
0.63
8.12
And
249.00
249.50
0.50
5.76
255.75
257.10
1.35
6.35
261.10
261.60
0.50
21.90
268.20
268.90
0.70
73.70
271.65
272.20
0.55
6.96
294.00
294.75
0.75
9.49
CM-18-179
121.80
122.30
0.50
10.50
139.95
141.55
1.60
5.25
202.80
204.00
1.20
35.44
Including
202.80
203.50
0.70
44.40
205.80
206.30
0.50
4.30
213.00
214.50
1.50
5.86
CM-18-180
158.50
159.00
0.50
5.07
175.00
175.50
0.50
13.40
CM-18-181
70.10
70.60
0.50
7.72
328.10
328.60
0.50
5.37
CM-18-182
106.90
108.00
1.10
7.48
128.25
130.50
2.25
5.25
Including
129.00
129.85
0.85
10.85
197.85
201.80
3.95
7.63
Including
197.85
198.50
0.65
18.80
And
200.20
201.00
0.80
14.60
292.95
294.20
1.25
6.98
Including
292.95
293.70
0.75
9.78
CM-18-183
223.70
224.20
0.50
64.80
261.55
262.00
0.45
4.87
283.60
286.50
2.90
8.66
Including
283.60
284.10
0.50
8.83
And
284.60
285.45
0.85
18.65
CM-18-184
171.00
172.10
1.10
5.93
Including
171.00
171.50
0.50
10.50
211.60
212.10
0.50
7.80
223.20
223.70
0.50
7.73
226.00
226.50
0.50
41.40
240.40
242.10
1.70
11.42
Including
240.40
241.00
0.60
9.05
And
241.60
242.10
0.50
27.80
CM-18-185
No Significant Assays
CM-18-186
95.20
96.60
1.40
19.92
Including
95.20
96.00
0.80
25.30
122.00
122.50
0.50
4.56
199.20
201.50
2.30
7.86
Including
201.00
201.50
0.50
21.70
228.00
228.50
0.50
12.95
239.50
240.00
0.50
4.73
261.45
265.10
3.65
10.39
Including
261.45
262.10
0.65
20.80
And
262.10
263.00
0.90
21.50
And
264.55
265.10
0.55
7.78
CM-18-187
49.50
50.50
1.00
21.60
81.30
81.80
0.50
12.90
118.30
118.80
0.50
41.50
148.90
149.60
0.70
5.81
214.20
217.30
3.10
11.09
Including
214.20
214.70
0.50
9.13
And
214.70
215.40
0.70
17.80
And
216.30
217.30
1.00
15.75
368.50
369.50
1.00
5.21
CM-18-188
219.00
219.50
0.50
12.85
CM-18-189
92.90
93.60
0.70
5.42
101.50
104.90
3.40
6.29
Including
102.70
103.25
0.55
34.00
244.65
245.20
0.55
20.30
260.40
261.00
0.60
5.41
CM-18-190
62.50
64.00
1.50
4.42
230.25
230.75
0.50
7.66
262.15
263.00
0.85
3.76
CM-18-191
No Significant Assays
CM-18-192
10.75
11.40
0.65
12.20
69.00
69.50
0.50
5.31
78.50
79.00
0.50
5.89
101.50
102.00
0.50
6.43
172.00
173.50
1.50
6.56
183.60
184.10
0.50
20.50
198.20
198.70
0.50
8.32
235.20
235.70
0.50
12.50
CM-18-193
60.00
60.50
0.50
6.88
CM-18-194
209.85
210.40
0.55
5.37
CM-18-195
67.70
68.40
0.70
6.11
129.80
130.30
0.50
4.15
212.15
212.75
0.60
8.37
224.35
225.00
0.65
5.58
229.75
230.30
0.55
21.40
CM-18-196
30.00
31.00
1.00
5.73
79.10
79.60
0.50
14.70
135.70
136.70
1.00
9.61
Including
135.70
136.20
0.50
11.00
183.00
183.50
0.50
5.93
CM-18-197
12.45
19.10
6.65
7.05
Including
12.45
12.95
0.50
64.20
And
17.45
18.45
1.00
7.78
And
18.45
19.10
0.65
5.72
44.05
44.55
0.50
52.90
61.00
62.00
1.00
4.23
93.00
93.50
0.50
21.90
117.50
119.00
1.50
10.62
Including
117.50
118.00
0.50
24.10
And
118.50
119.00
0.50
7.73
176.45
176.95
0.50
5.45
188.00
188.60
0.60
28.80
CM-18-198
113.30
114.25
0.95
45.50
120.90
123.00
2.10
4.30
Including
121.55
122.05
0.50
8.95
218.10
218.65
0.55
11.00
CM-18-199
208.35
209.30
0.95
45.00
223.50
224.50
1.00
12.20
CM-18-200
83.90
84.75
0.85
11.35
199.20
200.00
0.80
4.35
252.35
253.65
1.30
9.61
261.15
261.95
0.80
7.78
297.15
297.65
0.50
5.40
Table 2: Drillhole Collar Orientations:
HOLE ID
Azimuth
Dip
CM-18-151
125
-50
CM-18-152
137
-54
CM-18-153
134
-56
CM-18-154
129
-60
CM-18-155
121
-58
CM-18-156
286
-66
CM-18-157
140
-51
CM-18-158
129
-48
CM-18-160
130
-52
CM-18-159
118
-54
CM-18-161
284
-60
CM-18-162
325
-45
CM-18-163
326
-65
CM-18-164
138
-47
CM-18-165
152
-47
CM-18-166
131
-49
CM-18-167
120
-56
CM-18-169
137
-51
CM-18-170
136
-50
CM-18-171
123
-53
CM-18-173
124
-53
CM-18-172
139
-52
CM-18-174
132
-56
CM-18-175
132
-55
CM-18-176
125
-50
CM-18-177
130
-58
CM-18-178
129
-46
CM-18-179
144
-53
CM-18-168
131
-49
CM-18-180
117
-45
CM-18-181
126
-54
CM-18-182
140
-57
CM-18-185
150
-59
CM-18-183
120
-51
CM-18-184
148
-53
CM-18-186
152
-65
CM-18-187
114
-51
CM-18-188
123
-54
CM-18-189
140
-57
CM-18-190
137
-52
CM-18-191
315
-56
CM-18-192
296
-47
CM-18-195
139
-47
CM-18-193
115
-59
CM-18-194
123
-50
CM-18-196
294
-56
CM-18-197
313
-54
CM-18-198
136
-45
CM-18-199
135
-53
CM-18-200
139
-52
SOURCE Barkerville Gold Mines Ltd.
View original content to download multimedia: newswire.ca
by @newswire on January 10, 2019
HIGH-GRADE INTERCEPTS INCLUDE 102.50 G/T GOLD OVER 0.60 METER, 180.50 G/T GOLDOVER 0.55 METER, 169.50 G/T GOLD OVER 0.50 METER
TORONTO, Jan. 10, 2019 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce drilling results of 50 holes from the 2018 Cow Mountain exploration and category conversion program at the Company's flagship Cariboo Gold Project. The recent drilling results demonstrate continuity of high grade gold mineralization within vein corridors and extensions down dip and down plunge. A total of 63,970 meters in 231 holes were drilled on Cow Mountain during the 2018 drill program.
Recent highlights from the Cow Mountain exploration and delineation program include 10.47 g/t Au over 7.30 meters in hole CM-18-164, located 20 meters down dip from CM-18-159, that intersected 8.70 g/t Au over 3.35 meters within an existing vein corridor. CM-18-153 intersected 8.96 g/t Au over 8.60 meters, including high grade intercepts of 17.40 g/t Au over 0.85 meter, 9.35 g/t Au over 0.50 meter and 33.30 g/t Au over 0.70 meter.
Selected Drilling Highlights:
CM-18-151: 29.87 g/t Au over 3.85meters including 102.50 g/t Au over 0.60 meters
CM-18-153: 8.96 g/t Au over 8.60 meters
CM-18-158: 9.85 g/t Au over 10.40 meters
CM-18-159: 169.50 g/t Au over 0.50 meter
CM-18-159: 8.70 g/t Au over 3.35 meters
CM-18-164: 10.47 g/t Au over 7.30 meters
CM-18-172: 9.08 g/t Au over 4.55 meters
CM-18-172: 35.32 g/t Au over 3.50 meters including 180.50 g/t Au over 0.55 meter
CM-18-178: 73.70 g/t Au over 0.70 meter
CM-18-186: 10.39 g/t Au over 3.65 meters
CM-18-187: 11.09 g/t Au over 3.10 meters
CM-18-197: 7.05 g/t Au over 6.65 meters
CM-18-198: 45.50 g/t Au over 0.95 meter
True widths are estimated to be 50 to 75% of reported core length intervals. Intervals not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays.
A drill hole location plan map and section are presented below. Detailed drilling results are presented at the end of this release. The Cow Mountain 3D deposit model with assay highlights is located on the Company's website:
Barkerville Gold Mines Ltd. 3D Deposit Model
The drill program at Cow Mountain was designed to infill and expand high-grade gold-mineralized vein corridors modelled in the May 2018 Cow Mountain resource estimate. Vein corridors are defined as a high-density network of mineralized quartz veins within the sandstones. Mineralized quartz veins on the Cariboo Gold Project are overall sub-vertical dip and northeast strike. These corridors have been defined from surface to a vertical depth of up to 300 meters and remain open for expansion at depth and down plunge. Gold grades are intimately associated with vein-hosted pyrite as well as pyritic, intensely silicified wall rock haloes in close proximity to the veins.
Qualified Persons
Exploration activities at the Cariboo Gold Project are administered on site by the Company's Project Geologists, Kyle Orr and Felipe Castaneda. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, P.Geo. Vice President Exploration, is the Qualified Person for the Company and has prepared, validated and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration activities on the Cariboo Gold Project.
Quality Assurance – Quality Control
Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently stored on site at the Company's secure facility in Wells, BC. Numbered security tags are applied to lab shipments for chain of custody requirements. The Company inserts quality control (QC) samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QAQC program was designed and approved by Lynda Bloom, P.Geo. of Analytical Solutions Ltd., and is overseen by the Company's Qualified Person, Maggie Layman, P.Geo, Vice President Exploration.
Drill core samples are submitted to ALS Geochemistry's analytical facility in North Vancouver, British Columbia for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed, and 250 grams is pulverized. Analysis for gold is by 50g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 ppm and upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are re-analyzed using a 1,000g screen metallic fire assay. A selected number of samples are also analyzed using a 48 multi-elemental geochemical package by a 4-acid digestion, followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) and Inductively Coupled Plasma Mass Spectroscopy (ICP-MS).
About Barkerville Gold Mines Ltd.
The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville's Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company's Brownfield's exploration team is focused on developing and delineating a mineable resource within the 7 kilometers of principle project area located near the town of Wells, British Columbia. The Company's Greenfield's team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation's team is focused on developing and mining the Bonanza Ledge and BC Vein deposits on Barkerville Mountain. This operation allows the company to generate near term cash flow, train a local work force, keeps the present mining permit active, and de-risk's the project through staged production growth. Processing of material from these deposits is processed at the QR mill. QR is a fully owned, permitted mill and tailings facility, located approximately 110 kilometres away from Wells, and can be accessed by an all-season road.
Cautionary Statement on Forward -Looking Information
Neither the TSX Venture Exchange ('TSXV') nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Table 1: Length Weighted Gold Composites from Cow Mountain
HOLE ID
FROM
TO
LENGTH (M)
AU (G/T)
CM-18-151
37.50
39.20
1.70
19.52
Including
37.50
38.00
0.50
58.40
And
38.70
39.20
0.50
7.43
50.60
53.00
2.40
3.95
Including
51.50
52.00
0.50
7.56
And
52.50
53.00
0.50
6.41
73.70
74.20
0.50
6.26
89.50
93.35
3.85
29.87
Including
89.50
90.05
0.55
10.10
And
90.05
90.65
0.60
102.50
And
92.60
93.35
0.75
59.20
217.50
218.00
0.50
4.83
CM-18-152
75.60
76.10
0.50
4.48
250.50
253.35
2.85
7.86
Including
250.50
251.25
0.75
26.40
273.15
273.65
0.50
17.15
283.20
283.70
0.50
26.10
359.80
360.80
1.00
7.01
CM-18-153
237.90
246.50
8.60
8.96
Including
241.20
242.05
0.85
17.40
And
242.05
242.55
0.50
9.35
And
244.15
244.85
0.70
33.30
251.25
251.75
0.50
6.79
262.30
262.80
0.50
4.38
CM-18-154
48.00
48.60
0.60
6.46
CM-18-155
No Significant Assays
CM-18-156
63.00
63.50
0.50
7.25
106.00
106.50
0.50
4.20
148.35
148.85
0.50
24.30
181.00
182.50
1.50
4.81
CM-18-157
43.60
44.20
0.60
4.62
CM-18-158
189.10
199.50
10.40
9.85
Including
189.10
190.10
1.00
48.90
And
190.10
190.80
0.70
10.20
And
194.50
195.10
0.60
9.78
And
195.10
196.00
0.90
16.85
And
197.20
198.00
0.80
16.55
239.50
240.00
0.50
4.98
273.90
274.50
0.60
4.36
399.70
401.35
1.65
8.35
Including
400.60
401.35
0.75
10.70
CM-18-159
140.70
141.20
0.50
169.50
150.60
151.20
0.60
8.25
157.20
161.15
3.95
5.50
Including
158.20
159.00
0.80
14.55
And
159.00
160.00
1.00
8.76
203.40
205.90
2.50
8.38
Including
205.20
205.90
0.70
27.20
217.50
218.00
0.50
4.81
233.30
233.80
0.50
8.43
242.70
243.40
0.70
4.75
339.20
341.70
2.50
6.75
Including
340.00
340.70
0.70
7.50
And
340.70
341.70
1.00
8.76
347.55
348.05
0.50
8.10
349.65
353.00
3.35
8.70
Including
349.65
350.65
1.00
15.65
And
352.35
353.00
0.65
18.85
359.90
360.40
0.50
8.13
CM-18-160
177.50
178.15
0.65
8.64
250.85
252.00
1.15
10.52
Including
250.85
251.50
0.65
15.45
328.15
329.00
0.85
5.14
CM-18-161
52.70
53.75
1.05
19.65
57.40
57.90
0.50
10.00
66.45
67.00
0.55
4.97
114.30
115.00
0.70
21.70
189.50
195.00
5.50
4.78
Including
191.00
192.00
1.00
11.05
And
193.50
195.00
1.50
7.19
CM-18-162
109.40
110.00
0.60
17.10
118.90
119.50
0.60
11.20
CM-18-163
67.50
72.00
4.50
4.90
Including
67.50
68.30
0.80
15.40
And
71.20
72.00
0.80
8.33
189.90
190.50
0.60
12.75
CM-18-164
194.10
194.80
0.70
14.45
201.90
202.40
0.50
6.33
221.60
222.10
0.50
21.40
223.60
224.20
0.60
4.40
230.50
231.00
0.50
21.80
241.20
241.70
0.50
8.11
246.50
247.00
0.50
5.14
257.25
257.75
0.50
4.51
303.70
304.25
0.55
4.00
321.30
321.80
0.50
5.39
348.80
350.45
1.65
18.35
Including
348.80
349.45
0.65
15.05
And
349.95
350.45
0.50
40.50
360.20
360.70
0.50
9.44
365.70
373.00
7.30
10.47
Including
365.70
366.25
0.55
49.30
And
368.00
368.75
0.75
23.20
And
369.45
370.15
0.70
11.65
And
371.40
372.20
0.80
11.95
CM-18-165
74.50
76.00
1.50
5.02
80.35
81.00
0.65
4.98
118.00
118.60
0.60
18.10
CM-18-166
119.25
119.75
0.50
5.76
122.50
123.00
0.50
18.60
135.00
135.50
0.50
5.48
137.40
138.00
0.60
4.70
179.20
180.00
0.80
4.36
196.25
197.20
0.95
5.55
362.30
362.85
0.55
5.64
469.25
469.70
0.45
4.78
CM-18-167
118.80
120.80
2.00
10.47
Including
120.30
120.80
0.50
22.50
129.00
129.90
0.90
9.34
138.10
138.60
0.50
7.29
180.30
181.60
1.30
10.85
246.60
247.25
0.65
10.45
261.45
262.00
0.55
9.66
308.80
309.53
0.73
9.55
CM-18-168
214.90
215.40
0.50
39.90
216.00
216.50
0.50
11.70
246.90
247.50
0.60
11.75
262.80
263.30
0.50
4.65
CM-18-169
233.80
234.30
0.50
15.10
267.60
268.35
0.75
14.05
310.00
310.50
0.50
20.10
361.45
361.95
0.50
10.50
365.70
366.20
0.50
10.55
369.70
370.60
0.90
22.70
406.25
407.05
0.80
32.90
CM-18-170
109.85
110.35
0.50
17.90
144.10
144.65
0.55
23.80
174.45
175.25
0.80
6.10
211.65
212.85
1.20
26.66
Including
212.35
212.85
0.50
35.00
322.15
323.05
0.90
5.19
CM-18-171
No Significant Assays
CM-18-172
176.25
180.80
4.55
9.08
Including
179.20
179.75
0.55
46.30
And
179.75
180.30
0.55
9.08
And
180.30
180.80
0.50
9.56
277.55
281.05
3.50
35.32
Including
277.55
278.10
0.55
180.50
And
279.30
280.00
0.70
14.15
And
280.00
281.05
1.05
12.10
373.10
375.00
1.90
5.13
Including
374.40
375.00
0.60
10.15
409.95
412.40
2.45
9.07
Including
409.95
411.00
1.05
11.80
And
411.00
411.85
0.85
9.89
413.80
414.20
0.40
4.02
CM-18-173
116.00
116.50
0.50
5.16
134.40
135.00
0.60
10.25
190.75
191.35
0.60
4.71
196.40
197.45
1.05
4.34
240.75
241.85
1.10
11.56
244.50
245.00
0.50
17.35
301.90
302.40
0.50
7.29
321.05
324.55
3.50
8.13
Including
321.05
321.85
0.80
15.60
And
323.85
324.55
0.70
21.10
332.50
333.00
0.50
11.25
337.00
339.00
2.00
5.77
Including
338.50
339.00
0.50
16.45
CM-18-174
95.75
96.25
0.50
5.70
141.00
141.65
0.65
4.16
165.00
166.30
1.30
17.98
Including
165.50
166.30
0.80
22.00
208.40
209.35
0.95
25.30
CM-18-175
154.00
154.50
0.50
6.82
191.30
191.80
0.50
8.25
231.50
232.15
0.65
14.60
253.80
254.30
0.50
6.74
367.70
369.70
2.00
4.81
Including
367.70
368.90
1.20
5.40
CM-18-176
127.65
130.55
2.90
5.91
Including
130.00
130.55
0.55
7.67
CM-18-177
74.80
75.20
0.40
8.27
107.50
108.00
0.50
5.63
CM-18-178
172.50
173.00
0.50
9.95
185.25
186.00
0.75
9.69
246.87
249.50
2.63
4.06
Including
246.87
247.50
0.63
8.12
And
249.00
249.50
0.50
5.76
255.75
257.10
1.35
6.35
261.10
261.60
0.50
21.90
268.20
268.90
0.70
73.70
271.65
272.20
0.55
6.96
294.00
294.75
0.75
9.49
CM-18-179
121.80
122.30
0.50
10.50
139.95
141.55
1.60
5.25
202.80
204.00
1.20
35.44
Including
202.80
203.50
0.70
44.40
205.80
206.30
0.50
4.30
213.00
214.50
1.50
5.86
CM-18-180
158.50
159.00
0.50
5.07
175.00
175.50
0.50
13.40
CM-18-181
70.10
70.60
0.50
7.72
328.10
328.60
0.50
5.37
CM-18-182
106.90
108.00
1.10
7.48
128.25
130.50
2.25
5.25
Including
129.00
129.85
0.85
10.85
197.85
201.80
3.95
7.63
Including
197.85
198.50
0.65
18.80
And
200.20
201.00
0.80
14.60
292.95
294.20
1.25
6.98
Including
292.95
293.70
0.75
9.78
CM-18-183
223.70
224.20
0.50
64.80
261.55
262.00
0.45
4.87
283.60
286.50
2.90
8.66
Including
283.60
284.10
0.50
8.83
And
284.60
285.45
0.85
18.65
CM-18-184
171.00
172.10
1.10
5.93
Including
171.00
171.50
0.50
10.50
211.60
212.10
0.50
7.80
223.20
223.70
0.50
7.73
226.00
226.50
0.50
41.40
240.40
242.10
1.70
11.42
Including
240.40
241.00
0.60
9.05
And
241.60
242.10
0.50
27.80
CM-18-185
No Significant Assays
CM-18-186
95.20
96.60
1.40
19.92
Including
95.20
96.00
0.80
25.30
122.00
122.50
0.50
4.56
199.20
201.50
2.30
7.86
Including
201.00
201.50
0.50
21.70
228.00
228.50
0.50
12.95
239.50
240.00
0.50
4.73
261.45
265.10
3.65
10.39
Including
261.45
262.10
0.65
20.80
And
262.10
263.00
0.90
21.50
And
264.55
265.10
0.55
7.78
CM-18-187
49.50
50.50
1.00
21.60
81.30
81.80
0.50
12.90
118.30
118.80
0.50
41.50
148.90
149.60
0.70
5.81
214.20
217.30
3.10
11.09
Including
214.20
214.70
0.50
9.13
And
214.70
215.40
0.70
17.80
And
216.30
217.30
1.00
15.75
368.50
369.50
1.00
5.21
CM-18-188
219.00
219.50
0.50
12.85
CM-18-189
92.90
93.60
0.70
5.42
101.50
104.90
3.40
6.29
Including
102.70
103.25
0.55
34.00
244.65
245.20
0.55
20.30
260.40
261.00
0.60
5.41
CM-18-190
62.50
64.00
1.50
4.42
230.25
230.75
0.50
7.66
262.15
263.00
0.85
3.76
CM-18-191
No Significant Assays
CM-18-192
10.75
11.40
0.65
12.20
69.00
69.50
0.50
5.31
78.50
79.00
0.50
5.89
101.50
102.00
0.50
6.43
172.00
173.50
1.50
6.56
183.60
184.10
0.50
20.50
198.20
198.70
0.50
8.32
235.20
235.70
0.50
12.50
CM-18-193
60.00
60.50
0.50
6.88
CM-18-194
209.85
210.40
0.55
5.37
CM-18-195
67.70
68.40
0.70
6.11
129.80
130.30
0.50
4.15
212.15
212.75
0.60
8.37
224.35
225.00
0.65
5.58
229.75
230.30
0.55
21.40
CM-18-196
30.00
31.00
1.00
5.73
79.10
79.60
0.50
14.70
135.70
136.70
1.00
9.61
Including
135.70
136.20
0.50
11.00
183.00
183.50
0.50
5.93
CM-18-197
12.45
19.10
6.65
7.05
Including
12.45
12.95
0.50
64.20
And
17.45
18.45
1.00
7.78
And
18.45
19.10
0.65
5.72
44.05
44.55
0.50
52.90
61.00
62.00
1.00
4.23
93.00
93.50
0.50
21.90
117.50
119.00
1.50
10.62
Including
117.50
118.00
0.50
24.10
And
118.50
119.00
0.50
7.73
176.45
176.95
0.50
5.45
188.00
188.60
0.60
28.80
CM-18-198
113.30
114.25
0.95
45.50
120.90
123.00
2.10
4.30
Including
121.55
122.05
0.50
8.95
218.10
218.65
0.55
11.00
CM-18-199
208.35
209.30
0.95
45.00
223.50
224.50
1.00
12.20
CM-18-200
83.90
84.75
0.85
11.35
199.20
200.00
0.80
4.35
252.35
253.65
1.30
9.61
261.15
261.95
0.80
7.78
297.15
297.65
0.50
5.40
Table 2: Drillhole Collar Orientations:
HOLE ID
Azimuth
Dip
CM-18-151
125
-50
CM-18-152
137
-54
CM-18-153
134
-56
CM-18-154
129
-60
CM-18-155
121
-58
CM-18-156
286
-66
CM-18-157
140
-51
CM-18-158
129
-48
CM-18-160
130
-52
CM-18-159
118
-54
CM-18-161
284
-60
CM-18-162
325
-45
CM-18-163
326
-65
CM-18-164
138
-47
CM-18-165
152
-47
CM-18-166
131
-49
CM-18-167
120
-56
CM-18-169
137
-51
CM-18-170
136
-50
CM-18-171
123
-53
CM-18-173
124
-53
CM-18-172
139
-52
CM-18-174
132
-56
CM-18-175
132
-55
CM-18-176
125
-50
CM-18-177
130
-58
CM-18-178
129
-46
CM-18-179
144
-53
CM-18-168
131
-49
CM-18-180
117
-45
CM-18-181
126
-54
CM-18-182
140
-57
CM-18-185
150
-59
CM-18-183
120
-51
CM-18-184
148
-53
CM-18-186
152
-65
CM-18-187
114
-51
CM-18-188
123
-54
CM-18-189
140
-57
CM-18-190
137
-52
CM-18-191
315
-56
CM-18-192
296
-47
CM-18-195
139
-47
CM-18-193
115
-59
CM-18-194
123
-50
CM-18-196
294
-56
CM-18-197
313
-54
CM-18-198
136
-45
CM-18-199
135
-53
CM-18-200
139
-52
SOURCE Barkerville Gold Mines Ltd.
View original content to download multimedia: newswire.ca
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