Barker Minerals Ltd (BML)

[Tackler]

Barker discovers bedrock mineralization at SCR

2004-11-02 15:34 ET - News Release

An anonymous director reports

BARKER EXPOSES BEDROCK MINERALIZATION ON THE SCR MASSIVE SULPHIDE PROJECT

Barker Minerals Ltd. advises that recent trenching on the SCR project, one of Barker's massive sulphide prospects, has resulted in the discovery of bedrock sulphide mineralization.

The newly discovered mineralization occurs as disseminated to semi-massive sulphides with much of the exposed bedrock being highly oxidized. Grab samples have been collected by Barker personnel and are being submitted for assay and lithogeochemical analysis. Selected samples have also been collected for petrographic analysis by Tim Barrett of Ore Systems Consultants. The trenching was successful in exposing bedrock over an area approximately 50 metres by 20 metres. Weather permitting, channel sampling and geological mapping are planned while the drilling on Frank Creek continues in order to determine the dimensions and extent of the new surface mineralization.

Earlier exploration work on the SCR project revealed semi-massive to massive sulphide and stringer sulphide mineralization in float. The sulphide minerals included pyrite, pyrrhotite, chalcopyrite, sphalerite and galena. Boulders previously assayed produced values as high as 23 per cent combined copper, lead and zinc with associated gold and silver values. Geophysical surveys have also successfully outlined coincident magnetic and conductive anomalies (HLEM) near the discovery area and near the area of copper, lead and zinc soil anomalies.

The results to date, along with trace element associations and the local geology, are consistent with a polymetallic sediment-hosted massive sulphide environment.

The company also notes the resignation of Mark Brown as director and chief financial officer as of Oct. 15, 2004