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To: howestreetbull who wrote (94)9/4/2017 1:24:38 PM
From: howestreetbull
   of 127
 
Barkerville Gold Mines Ltd. Announces $7 Million Increase to Previously Announced "Bought Deal" Private Placement

V.BGM | 3 days ago

Canada NewsWire

TORONTO, Sept. 1, 2017

Upsized Offering to Include 8,750,000 Common Shares and, as Initially Announced, 25,000,000 Flow-Through Shares for Aggregate Gross Proceeds of $35 Million

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

Trading Symbol: TSXV: BGM

TORONTO, Sept. 1, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV:BGM) ("Barkerville" or the "Corporation") is pleased to announce that it has amended its agreement with Canaccord Genuity Corp., on behalf of a syndicate of underwriters (collectively the "Underwriters") in relation to its previously announced "bought deal" private placement of 25,000,000 common shares of the Corporation that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) ("Flow-Through Shares") at a price of $1.12 per Flow-Through Share (the "Offering"). The Offering has been amended to include an additional 8,750,000 common shares of the Corporation ("Common Shares") at a price of $0.80 per Common Share for additional gross proceeds of $7,000,000. The terms of the previously announced private placement financing of Flow-Through Shares remain unchanged.

The Offering is expected to close on or about September 28, 2017 and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional listing approval of the TSX Venture Exchange and the applicable securities regulatory authorities. The Offering is being made by way of private placement in Canada and pursuant to available exemptions under applicable securities laws in such other jurisdictions as may be agreed between the Corporation and the Underwriters. The securities issued under the Offering will be subject to a hold period expiring four months and one day from the closing date of the Offering. The Offering is subject to final acceptance of the TSX Venture Exchange.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Barkerville Gold Mines Ltd.

The Corporation 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, British Columbia. 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/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of 2015 with 91,489 tonnes of material milled producing 25,464 ounces of gold. The Corporation has completed several drilling and exploration programs over the past 20 years and has compiled this data with all historical information in order to develop geologic models which are assisting management in defining new deposits in the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high-grade gold mineralization.

Cautionary Statement on Forward-Looking Information

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) 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 Corporation's objectives, goals or future plans; statements regarding the Offering; the use of proceeds of the Offering; the timing and ability of the Corporation to complete the Offering, if at all; the jurisdictions in which the Flow-Through Shares and Common Shares will be offered and sold; 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, risks relating to the Offering; volatility in the trading price of common shares of the Corporation; risks relating to the ability of the Corporation to obtain required approvals, complete definitive documentation and complete the Offering on the terms announced; 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; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation's public documents filed on SEDAR. Although the Corporation 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 Corporation 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.

SOURCE Barkerville Gold Mines Ltd.

image: rt.newswire.ca

View original content: newswire.ca

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To: howestreetbull who wrote (95)9/6/2017 8:46:52 AM
From: howestreetbull
   of 127
 
BGM.v BGM Discovers 53.26 g/t Au Over 11.55 Metres at Shaft Zone

by @newswire on September 6, 2017


INFILL DRILLING INTERSECTS 12.85 G/T AU OVER 20.00 METRES

TORONTO, Sept. 6, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce that additional drilling results from the ongoing 130,000 metre Phase II Island Mountain exploration and infill drilling program at the Company's flagship Cariboo Gold Project have confirmed short range continuity of the vein systems and expanded a veining corridor at depth in the Shaft Zone. The Company is currently exploring and delineating the Valley and Shaft Zones with nine drill rigs, while drill ten is expanding the known mineralization on the BC Vein. Detailed drilling results, a drill hole location plan map and vertical section are presented at the end of this release.



Phase II Infill Drilling Intersects Additional Mineralization

A previously unidentified corridor of high tenor veining has been discovered in Phase II drillhole
IM-17-131 which intersected 53.26 g/t Au over 11.55 metres in the Shaft Zone at a vertical depth of 400 metres below surface. This infill drilling discovery is situated 12 metres below drillhole IM-17-138. Further downhole, IM-17-131 also intersected 12.85 g/t Au over 20.00 metres which correlates spatially very well with IM-17-138 having intersected 6.67 g/t Au over 17.10 metres. These new intersections are situated proximal to previously reported drillholes IM-17-124, 18.84 g/t Au over 30.85 metres and IM-17-078, 11.42 g/t Au over 28.55 metres. Additional new mineralization was also discovered by IM-17-138 grading 9.18 g/t Au over 7.40 metres at a vertical depth of 600 metres below surface. These wide corridors of sandstone hosted veining are open for expansion in all directions.

Qualified Persons

Exploration activities at the Cariboo Gold Project are administered on site by the Company's Exploration Manager, Maggie Layman, P.Geo. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, 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, Paul Geddes, 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 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, British Columbia. 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/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of 2015 with 91,489 tonnes of material milled producing 25,464 ounces of gold. The Company has completed several drilling and exploration programs over the past 20 years and has compiled this data with all historical information in order develop geologic models which are assisting management in defining new deposits in the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high grade gold mineralization.

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 for Phase II drillholes:

HOLE-ID

FROM (M)

TO (M)

CORE LENGTH (M)

AU (G/T)

IM-17-127

197.95

198.50

0.55

12.60

IM-17-127

198.50

199.00

0.50

8.54

IM-17-127

203.60

204.10

0.50

19.20

IM-17-127

342.35

342.85

0.50

15.15

IM-17-127

350.75

351.45

0.70

8.27

IM-17-127

427.80

430.50

2.70

8.58

INCLUDING

428.35

428.85

0.50

10.25

AND

429.95

430.50

0.55

22.60

IM-17-127

442.05

443.10

1.05

12.10

IM-17-127

446.60

447.10

0.50

10.95

IM-17-131

242.10

244.00

1.90

25.17

INCLUDING

242.10

243.00

0.90

15.25

AND

243.00

243.50

0.50

62.70

IM-17-131

262.90

263.90

1.00

9.66

IM-17-131

331.10

332.00

0.90

33.60

IM-17-131

355.90

356.40

0.50

53.70

IM-17-131

426.00

437.55

11.55

53.26

INCLUDING

430.10

430.60

0.50

27.70

AND

431.60

432.30

0.70

127.50

AND

432.30

433.50

1.20

245.00

AND

434.70

435.20

0.50

92.80

AND

435.20

435.95

0.75

189.00

IM-17-131

473.00

473.50

0.50

11.00

IM-17-131

494.60

514.60

20.00

12.85

INCLUDING

494.60

495.10

0.50

10.20

AND

496.60

497.25

0.65

17.50

AND

497.25

498.00

0.75

16.65

AND

498.00

499.30

1.30

24.80

AND

499.30

500.30

1.00

46.50

AND

510.95

511.85

0.90

76.80

AND

513.50

514.00

0.50

41.80

AND

514.00

514.60

0.60

85.40

IM-17-131

574.90

579.35

4.45

20.18

INCLUDING

574.90

575.40

0.50

11.10

AND

576.00

576.50

0.50

90.30

AND

576.50

577.85

1.35

13.40

AND

578.80

579.35

0.55

35.40

IM-17-138

69.10

69.80

0.70

30.00

IM-17-138

89.00

90.50

1.50

8.33

IM-17-138

481.50

498.60

17.10

6.67

INCLUDING

482.00

482.70

0.70

47.60

AND

487.20

488.45

1.25

18.80

AND

488.45

489.30

0.85

8.46

AND

494.30

495.00

0.70

8.12

AND

497.40

498.10

0.70

59.10

IM-17-138

541.10

545.55

4.45

9.91

INCLUDING

541.10

542.20

1.10

28.30

AND

542.20

543.20

1.00

7.64

IM-17-138

667.20

674.60

7.40

9.18

INCLUDING

670.90

671.50

0.60

49.60

AND

671.50

672.70

1.20

19.45

IM-17-138

680.10

681.00

0.90

33.70

IM-17-139

40.80

43.50

2.70

13.84

INCLUDING

40.80

42.12

1.32

23.80

IM-17-139

63.28

64.00

0.72

10.20

IM-17-139

387.00

388.50

1.50

10.25

INCLUDING

387.00

387.50

0.50

20.00

AND

388.00

388.50

0.50

9.22

IM-17-139

398.00

399.00

1.00

60.90

IM-17-139

402.50

403.10

0.60

7.70

IM-17-139

417.00

420.00

3.00

72.34

INCLUDING

417.00

417.50

0.50

214.00

AND

418.00

419.00

1.00

105.50

IM-17-139

429.00

432.00

3.00

8.46

INCLUDING

431.30

432.00

0.70

33.70

IM-17-139

441.00

442.00

1.00

9.79



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.




Table 2: Drillhole Collar Orientations:

HOLE-ID

AZIMUTH

DIP

IM-17-127

138.00

-65.40

IM-17-131

136.20

-63.60

IM-17-138

130.90

-64.20

IM-17-139

135.90

-45.20









SOURCE Barkerville Gold Mines Ltd.



View original content with multimedia: newswire.ca


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From: howestreetbull9/14/2017 11:19:03 AM
   of 127
 
by @newswire on September 14, 2017
BGM Intersects 17.45 g/t Au Over 8.60 Metres at Shaft Zone

Expansion Drilling Intersects 7.09 g/t Au Over 34.30 Metres at Depth

TORONTO, Sept. 14, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce that additional drilling results from the ongoing 130,000 metre Phase II Island Mountain exploration and infill drilling program at the Company's flagship Cariboo Gold Project has expanded a veining corridor at depth in the Shaft Zone. The Company is currently exploring and delineating the Valley and Shaft Zones with nine drill rigs, while drill ten is expanding the known mineralization on the BC Vein. Detailed drilling results, a drill hole location plan map and vertical section are presented at the end of this release. The exact geometry and hence true width of the mineralized zones cannot be assuredly concluded at this time therefore core lengths are reported.



Highlights:

  • IM-17-123: 5.76 g/t Au over 20.30 metres
  • IM-17-140: 16.79 g/t Au over 4.00 metres
  • IM-17-141: 6.09 g/t Au over 20.40 metres
  • IM-17-141: 11.17 g/t Au over 3.40 metres
  • IM-17-143: 7.09 g/t Au over 34.30 metres
  • IM-17-146: 17.45 g/t Au over 8.60 metres


  • Drilling Expands Shaft Zone Corridors to Depth

    The Company is pleased to report that Phase II step-out drillhole IM-17-143 has expanded to depth one of the Shaft Zone veining corridors intersecting 7.09 g/t Au over 34.30 metres at a vertical depth of 425 metres below surface. This occurrence is located 50 metres downdip of recently reported drillhole IM-17-131 which averaged 53.26 g/t Au over 11.55 metres, 390 metres vertically below surface and represents an area at depth open for immediate expansion.

    Located in the southeastern portion of the Shaft Zone at a vertical depth of 300 metres below surface, IM-17-146 has discovered another new occurrence of high tenor veining grading 17.45 g/t Au over 8.60 metres. Again, this new area is open for expansion along vein strike and to depth due to the scarcity of drilling in this area.

    "The Phase II drilling program at Island Mountain continues to yield strong results with respect to expanding upon the sizeable, high tenor vein corridors that are potentially amenable to bulk underground mining methods", remarked Paul Geddes, P.Geo, the Company's Vice President of Exploration. "As we continue to infill the Shaft Zone and expand the known corridors, we are not only demonstrating the continuity but the size of this impressive gold system."


    Qualified Persons

    Exploration activities at the Cariboo Gold Project are administered on site by the Company's Exploration Manager, Maggie Layman, P.Geo. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, 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, Paul Geddes, 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 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, British Columbia. 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/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of 2015 with 91,489 tonnes of material milled producing 25,464 ounces of gold. The Company has completed several drilling and exploration programs over the past 20 years and has compiled this data with all historical information in order develop geologic models which are assisting management in defining new deposits in the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high grade gold mineralization.

    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 for Shaft Zone Phase II drillholes:

    HOLE-ID

    FROM (M)

    TO (M)

    CORE LENGTH (M)

    AU (G/T)

    IM-17-123

    69.25

    69.75

    0.50

    30.00

    IM-17-123

    86.65

    88.00

    1.35

    28.90

    IM-17-123

    415.50

    418.50

    3.00

    25.20

    INCLUDING

    416.00

    416.75

    0.75

    45.70

    AND

    416.75

    417.30

    0.55

    12.00

    AND

    417.30

    417.85

    0.55

    61.40

    IM-17-123

    438.95

    439.45

    0.50

    11.05

    IM-17-123

    534.50

    554.80

    20.30

    5.76

    INCLUDING

    542.00

    543.05

    1.05

    24.80

    AND

    543.80

    545.10

    1.30

    45.30

    IM-17-123

    565.50

    566.40

    0.90

    15.60

    IM-17-123

    580.25

    580.95

    0.70

    17.00

    IM-17-123

    584.00

    585.00

    1.00

    11.65

    IM-17-123

    629.00

    630.00

    1.00

    15.65

    IM-17-123

    633.00

    633.65

    0.65

    9.70

    IM-17-140

    105.00

    105.50

    0.50

    30.80

    IM-17-140

    208.50

    209.70

    1.20

    38.00

    IM-17-140

    372.00

    376.00

    4.00

    16.79

    INCLUDING

    372.85

    373.65

    0.80

    38.00

    AND

    373.65

    374.50

    0.85

    40.70

    IM-17-140

    433.00

    434.10

    1.10

    23.50

    IM-17-141

    107.00

    115.20

    8.20

    6.08

    INCLUDING

    107.00

    107.50

    0.50

    51.60

    AND

    112.00

    112.50

    0.50

    11.95

    IM-17-141

    139.20

    141.20

    2.00

    32.51

    INCLUDING

    139.20

    140.00

    0.80

    27.40

    AND

    140.00

    140.70

    0.70

    61.40

    IM-17-141

    150.30

    151.80

    1.50

    26.00

    INCLUDING

    150.30

    150.90

    0.60

    43.70

    AND

    150.90

    151.80

    0.90

    14.20

    IM-17-141

    166.50

    167.00

    0.50

    8.27

    IM-17-141

    197.30

    200.70

    3.40

    11.17

    INCLUDING

    197.30

    198.80

    1.50

    11.60

    AND

    200.00

    200.70

    0.70

    25.90

    IM-17-141

    224.50

    244.90

    20.40

    6.09

    INCLUDING

    224.50

    225.20

    0.70

    10.80

    AND

    231.75

    232.80

    1.05

    80.40

    AND

    239.70

    240.50

    0.80

    16.35

    AND

    241.80

    242.40

    0.60

    8.60

    IM-17-141

    254.80

    258.95

    4.15

    8.83

    INCLUDING

    254.80

    255.30

    0.50

    9.55

    AND

    255.30

    256.20

    0.90

    17.35

    AND

    258.30

    258.95

    0.65

    24.40

    IM-17-141

    385.13

    385.90

    0.77

    11.20

    IM-17-141

    413.05

    414.05

    1.00

    7.64

    IM-17-142




    ASSAYS PENDING

    IM-17-143

    274.50

    276.00

    1.50

    6.26

    IM-17-143

    389.00

    390.40

    1.40

    8.86

    IM-17-143

    396.70

    397.50

    0.80

    16.85

    IM-17-143

    431.35

    431.90

    0.55

    5.65

    IM-17-143

    436.45

    437.00

    0.55

    25.50

    IM-17-143

    437.00

    437.50

    0.50

    9.70

    IM-17-143

    461.00

    495.30

    34.30

    7.09

    INCLUDING

    461.00

    462.10

    1.10

    36.60

    AND

    462.10

    462.65

    0.55

    16.80

    AND

    472.90

    474.20

    1.30

    61.50

    AND

    477.45

    478.00

    0.55

    8.68

    AND

    480.10

    480.80

    0.70

    12.45

    AND

    482.10

    483.00

    0.90

    17.90

    AND

    486.50

    487.45

    0.95

    13.85

    AND

    489.80

    491.00

    1.20

    18.35

    AND

    491.00

    491.65

    0.65

    11.20

    IM-17-143

    613.70

    614.50

    0.80

    83.20

    IM-17-144




    ASSAYS PENDING

    IM-17-145




    ASSAYS PENDING

    IM-17-146

    52.20

    54.90

    2.70

    21.27

    INCLUDING

    52.20

    52.90

    0.70

    10.30

    AND

    52.90

    54.00

    1.10

    45.40

    IM-17-146

    173.30

    174.20

    0.90

    23.10

    IM-17-146

    259.00

    260.15

    1.15

    10.20

    IM-17-146

    340.25

    341.55

    1.30

    12.28

    IM-17-146

    349.70

    350.20

    0.50

    54.50

    IM-17-146

    436.50

    437.05

    0.55

    8.28

    IM-17-146

    457.00

    457.50

    0.50

    9.58

    IM-17-146

    484.00

    484.75

    0.75

    7.87

    IM-17-146

    485.90

    486.65

    0.75

    8.31

    IM-17-146

    523.35

    531.95

    8.60

    17.45

    INCLUDING

    523.35

    523.85

    0.50

    34.60

    AND

    523.85

    524.50

    0.65

    11.30

    AND

    524.50

    525.30

    0.80

    25.60

    AND

    525.30

    526.05

    0.75

    98.00

    AND

    526.90

    527.50

    0.60

    21.30

    AND

    531.40

    531.95

    0.55

    30.60




    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.

    Table 2: Drillhole Collar Orientations:

    HOLE-ID

    AZIMUTH

    DIP

    IM-17-140

    140.40

    -65.20

    IM-17-143

    129.70

    -63.50

    IM-17-146

    138.40

    -55.50

    IM-17-123

    127.40

    -65.10

    IM-17-141

    145.40

    -46.40






    SOURCE Barkerville Gold Mines Ltd.



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    From: howestreetbull9/26/2017 8:59:57 AM
       of 127
     
    by @newswire on September 26, 2017
    BGM Intersects 72.23 g/t Au Over 12.05 Metres at Shaft Zone

    SUBINTERVAL INCLUDES 158.19 G/T AU OVER 5.30 METRES

    TORONTO, Sept. 26, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling results from the ongoing 130,000 metre Phase II Island Mountain exploration and infill drilling program at the Company's flagship Cariboo Gold Project. The Company is currently exploring and delineating the Valley and Shaft Zones with nine drill rigs, while a tenth drill is expanding the known mineralization on the BC Vein. Detailed drilling results, a drill hole location plan map and vertical section are presented at the end of this release. The exact geometry and hence true width of the mineralized zones cannot be assuredly concluded at this time therefore core lengths are reported.



    Highlights:

  • IM-17-142: 7.54 g/t Au over 14.30 metres
  • IM-17-142: 10.04 g/t Au over 8.20 metres
  • IM-17-151: 16.15 g/t Au over 3.55 metres
  • IM-17-151: 72.23 g/t Au over 12.05 metres
  • IM-17-152: 20.07 g/t Au over 4.25 metres


  • Alpha Corridor at Shaft Zone Demonstrates High Gold Tenor

    The Company is very pleased to announce the intersection of the highest gold grades encountered at the Shaft Zone to date. Phase II infill drillhole IM-17-151 predictably intersected a modelled veining corridor now referred to as the 'Alpha Corridor', averaging 158.19 g/t Au over 5.30 metres including 750.00 g/t Au over 0.55 metres, 479.00 g/t Au over 0.50 metres and 234.00 g/t Au over 0.60 metres hosted within a larger interval grading 72.23 g/t Au over 12.05 metres. This Phase II drilling result is situated in the Shaft Zone at a vertical depth of 350 metres below surface and correlates spatially with previously reported drillhole IM-17-112 which intersected 11.37 g/t Au over 4.75 metres. The two drillholes are separated by a horizontal distance of 15 metres. This new intersection in the Alpha Corridor remains open for expansion along vein strike to the southwest of IM-17-151.

    Development of Other Corridors

    Phase II drillhole IM-17-142 intersected 10.04 g/t Au over 8.20 metres at a vertical depth of 350 metres below surface. This pierce point occurs 180 metres down vein dip of previously reported drillhole IM-17-141 which recently discovered a wide zone of veining grading 6.09 g/t Au over 20.40 metres. Situated 50 metres down vein plunge of the new IM-17-142 intersection, formerly disclosed drillhole IM-17-044 intersected two zones within the same corridor grading 21.23 g/t Au over 5.05 metres and 24.70 g/t Au over 6.60 metres.

    Shaft Zone - Corridor Discussion

    The sandstone hosted veining which constitutes the Alpha Corridor of the Shaft Zone is manifested as an anastomosing network of high vein density with an overall sub-vertical dip and northeast strike. Based upon drilling results to date, estimated horizontal widths of the Alpha Corridor are variable and range from 5 to 35 metres. This corridor, as well as others that are developing in the Shaft and Valley Zones have been defined from surface to a vertical depth of 600 metres and remain open for expansion to depth and down plunge. Drillhole spacing in the Alpha currently averages 25 metres between drilling sections with vertical drilling separations ranging from 20 to 75 metres with hole spacing increasing to depth. 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 Exploration Manager, Maggie Layman, P.Geo. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, 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, Paul Geddes, 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 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, British Columbia. 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/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of 2015 with 91,489 tonnes of material milled producing 25,464 ounces of gold. The Company has completed several drilling and exploration programs over the past 20 years and has compiled this data with all historical information in order develop geologic models which are assisting management in defining new deposits in the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high grade gold mineralization.

    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 for Shaft Zone Phase II drillholes:

    HOLE-ID

    FROM (M)

    TO (M)

    CORE LENGTH (M)

    AU (G/T)

    IM-17-142

    32.00

    32.60

    0.60

    23.90

    IM-17-142

    97.20

    111.50

    14.30

    7.54

    INCLUDING

    105.90

    107.50

    1.60

    13.90

    AND

    108.85

    109.45

    0.60

    72.90

    AND

    111.00

    111.50

    0.50

    54.40

    IM-17-142

    138.50

    140.00

    1.50

    10.95

    IM-17-142

    185.50

    187.00

    1.50

    9.82

    IM-17-142

    395.70

    403.90

    8.20

    10.04

    INCLUDING

    395.70

    396.35

    0.65

    35.20

    AND

    401.00

    401.85

    0.85

    14.80

    AND

    402.50

    403.90

    1.40

    32.60

    IM-17-142

    418.50

    419.25

    0.75

    9.00

    IM-17-142

    469.30

    469.85

    0.55

    16.55

    IM-17-144

    113.10

    113.60

    0.50

    18.35

    IM-17-144

    322.10

    322.60

    0.50

    11.95

    IM-17-144

    466.50

    467.00

    0.50

    10.55

    IM-17-144

    474.45

    477.75

    3.30

    8.04

    INCLUDING

    474.45

    475.25

    0.80

    7.53

    AND

    475.25

    476.00

    0.75

    12.55

    AND

    476.00

    476.50

    0.50

    15.95

    IM-17-144

    484.60

    485.10

    0.50

    18.50

    IM-17-144

    499.80

    501.80

    2.00

    8.80

    INCLUDING

    499.80

    500.30

    0.50

    17.95

    IM-17-144

    612.40

    613.65

    1.25

    11.25

    IM-17-144

    651.35

    652.10

    0.75

    10.60

    IM-17-144

    689.30

    689.80

    0.50

    13.55

    IM-17-144

    690.45

    691.30

    0.85

    22.00

    IM-17-145




    ASSAYS PENDING

    IM-17-147

    283.75

    284.35

    0.60

    21.30

    IM-17-147

    315.65

    316.20

    0.55

    66.10

    IM-17-147

    421.30

    422.55

    1.25

    21.70

    IM-17-148

    135.10

    135.65

    0.55

    9.73

    IM-17-148

    164.50

    165.00

    0.50

    6.98

    IM-17-148

    189.80

    190.80

    1.00

    7.45

    IM-17-149

    308.00

    308.50

    0.50

    19.50

    IM-17-149

    455.75

    456.45

    0.70

    6.96

    IM-17-149

    548.70

    549.55

    0.85

    14.60

    IM-17-150

    18.20

    19.00

    0.80

    28.60

    IM-17-150

    86.50

    90.60

    4.10

    9.29

    INCLUDING

    88.00

    88.80

    0.80

    24.50

    AND

    89.50

    90.60

    1.10

    14.85

    IM-17-150

    229.25

    230.75

    1.50

    5.33

    IM-17-150

    232.55

    233.60

    1.05

    5.45

    IM-17-150

    237.00

    237.50

    0.50

    11.90

    IM-17-150

    272.20

    272.70

    0.50

    9.96

    IM-17-150

    299.80

    300.80

    1.00

    14.55

    IM-17-150

    305.95

    306.70

    0.75

    8.97

    IM-17-150

    439.15

    439.70

    0.55

    6.16

    IM-17-150

    443.30

    444.00

    0.70

    52.50

    IM-17-150

    501.75

    504.35

    2.60

    8.37

    INCLUDING

    502.80

    503.35

    0.55

    22.40

    IM-17-151

    16.00

    19.55

    3.55

    16.15

    INCLUDING

    16.85

    17.50

    0.65

    31.20

    AND

    18.35

    18.85

    0.50

    67.00

    IM-17-151

    90.65

    93.00

    2.35

    12.28

    INCLUDING

    90.65

    91.30

    0.65

    10.85

    AND

    91.80

    92.35

    0.55

    24.30

    AND

    92.35

    93.00

    0.65

    12.90

    IM-17-151

    99.50

    100.50

    1.00

    33.20

    IM-17-151

    169.70

    170.40

    0.70

    20.10

    IM-17-151

    172.95

    173.60

    0.65

    10.75

    IM-17-151

    284.05

    284.75

    0.70

    25.20

    IM-17-151

    292.00

    292.50

    0.50

    15.75

    IM-17-151

    307.65

    308.15

    0.50

    30.10

    IM-17-151

    395.20

    407.25

    12.05

    72.23

    INCLUDING

    401.95

    407.25

    5.30

    158.19

    INCLUDING

    401.95

    402.50

    0.55

    750.00

    AND

    402.50

    403.00

    0.50

    479.00

    AND

    403.00

    403.60

    0.60

    234.00

    AND

    403.60

    404.30

    0.70

    9.67

    AND

    404.30

    405.00

    0.70

    14.75

    AND

    405.00

    405.50

    0.50

    14.75

    AND

    406.25

    407.25

    1.00

    18.25

    IM-17-151

    478.00

    479.00

    1.00

    9.81

    IM-17-151

    540.50

    542.00

    1.50

    9.42

    IM-17-152

    9.00

    9.50

    0.50

    18.75

    IM-17-152

    30.40

    31.70

    1.30

    38.50

    INCLUDING

    30.40

    31.00

    0.60

    16.45

    AND

    31.00

    31.70

    0.70

    57.40

    IM-17-152

    58.85

    59.50

    0.65

    31.60

    IM-17-152

    114.50

    115.15

    0.65

    22.40

    IM-17-152

    141.75

    146.00

    4.25

    20.07

    INCLUDING

    142.70

    143.50

    0.80

    78.60

    AND

    143.50

    144.00

    0.50

    20.60

    IM-17-152

    266.00

    267.00

    1.00

    8.24

    IM-17-152

    361.50

    366.00

    4.50

    8.13

    INCLUDING

    361.50

    362.00

    0.50

    28.80

    AND

    362.70

    363.50

    0.80

    11.85

    AND

    365.20

    366.00

    0.80

    10.75

    IM-17-153

    29.90

    30.40

    0.50

    31.10

    IM-17-153

    30.90

    31.55

    0.65

    42.00

    IM-17-153

    76.70

    78.00

    1.30

    17.60

    IM-17-153

    183.95

    186.50

    2.55

    35.89

    INCLUDING

    184.85

    185.40

    0.55

    51.50

    AND

    185.40

    186.00

    0.60

    94.60

    IM-17-153

    242.60

    243.90

    1.30

    11.90

    IM-17-153-1

    360.00

    360.90

    0.90

    13.70

    IM-17-153-1

    364.50

    365.00

    0.50

    12.45

    IM-17-153-1

    389.35

    390.20

    0.85

    9.09




    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.

    Table 2: Drillhole Collar Orientations:

    HOLE-ID

    AZIMUTH

    DIP

    IM-17-142

    146.20

    -63.90

    IM-17-144

    130.20

    -45.50

    IM-17-147

    136.70

    -45.00

    IM-17-148

    140.20

    -50.70

    IM-17-149

    140.80

    -65.20

    IM-17-150

    136.40

    -44.80

    IM-17-151

    138.40

    -64.70

    IM-17-152

    140.80

    -44.50

    IM-17-153

    142.60

    -64.00

    IM-17-153-1

    142.60

    -64.00










    SOURCE Barkerville Gold Mines Ltd.



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    From: howestreetbull10/11/2017 9:13:18 AM
       of 127
     
    by @newswire on October 11, 2017
    BGM Intersects 20.53 G/T AU Over 11.60 Metres at Shaft Zone

    NEW BETA CORRIDOR INTERSECTION - 87.66 G/T AU OVER 5.30 METRES

    TORONTO, Oct. 11, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling results from the ongoing 130,000 metre Phase II Island Mountain exploration and infill drilling program at the Company's flagship Cariboo Gold Project. The Company is currently exploring and delineating the Valley and Shaft Zones with nine drill rigs, while a tenth drill is expanding the known mineralization on the BC Vein. Detailed drilling results, a drill hole location plan map and vertical sections are presented at the end of this release. The exact geometry and hence true width of the mineralized zones cannot be assuredly concluded at this time therefore core lengths are reported.



    Highlights:

  • IM-17-145: 20.53 g/t Au over 11.60 metres
  • IM-17-145: 87.66 g/t Au over 5.30 metres
  • IM-17-145: 17.34 g/t Au over 7.05 metres
  • IM-17-162: 13.58 g/t Au over 4.00 metres
  • IM-17-163: 11.21 g/t Au over 4.65 metres
  • IM-17-163: 13.71 g/t Au over 7.70 metres


  • Veining Corridors Continue to Expand

    A newly defined veining corridor, the Beta Corridor, has been extended via the intersection of
    20.53 g/t Au over 11.60 metres and 87.66 g/t Au over 5.30 metres at vertical depths of 365 and 415 metres below surface in Phase II drillhole IM-17-145. These new extensions occur 65 metres along vein strike to the northeast of previously reported drillholes IM-17-134 and IM-17-143 which intersected 53.26 g/t Au over 11.55 metres and 7.09 g/t Au over 34.30 metresrespectively. The new Beta Corridor pierce points defined by IM-17-145 are untested along vein strike and down dip.

    Another newly evolving vein network, the Gamma Corridor, was also expanded at a vertical depth of 590 metres below surface by IM-17-145 having intersected 17.34 g/t Au over 7.05 metres. This pierce point is situated 120 metres down plunge of previously reported drillhole IM-17-124 which intersected 12.76 g/t Au over 25.40 metres. Again, this new intersection in the Gamma Corridor is untested at depth and along vein strike.

    Chris Lodder, President and CEO comments, "As we continue to infill the Shaft Zone we see that there are new parallel corridors starting to be defined in close proximity. Thus, the exploration group has begun identifying these corridors as Alpha, Beta and Gamma and will continue with this nomenclature as new ones develop. The Shaft Zone drilling firmly demonstrates the internal continuity as well as the exploration potential and predictability of the veining networks in undrilled areas".

    Shaft Zone - Corridors Discussion

    The sandstone hosted veining which constitutes the newly named Alpha, Beta and Gamma Corridors of the Shaft Zone are manifested as an anastomosing network of high vein density with an overall sub-vertical dip and northeast strike. Based upon drilling results to date, estimated horizontal widths of the corridors are variable and range from 5 to 35 metres. These corridors, as well as others that are developing in the Shaft and Valley Zones have been defined from surface to a vertical depth of 600 metres and remain open for expansion to depth and down plunge. Drillhole spacing in the corridors currently averages 25 metres between drilling sections with vertical drilling separations ranging from 20 to 75 metres with hole spacing increasing to depth. 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 Exploration Manager, Maggie Layman, P.Geo. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, 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, Paul Geddes, 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 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, British Columbia. 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/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of 2015 with 91,489 tonnes of material milled producing 25,464 ounces of gold. The Company has completed several drilling and exploration programs over the past 20 years and has compiled this data with all historical information in order develop geologic models which are assisting management in defining new deposits in the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high grade gold mineralization.

    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 for Shaft Zone Phase II drillholes:

    HOLE-ID

    FROM (M)

    TO (M)

    CORE LENGTH (M)

    AU (G/T)

    IM-17-145

    132.35

    133.00

    0.65

    12.25

    IM-17-145

    402.40

    414.00

    11.60

    20.53

    INCLUDING

    402.90

    403.45

    0.55

    16.15

    AND

    403.45

    404.10

    0.65

    37.00

    AND

    404.10

    404.60

    0.50

    9.38

    AND

    409.10

    409.60

    0.50

    9.23

    AND

    409.60

    410.15

    0.55

    42.70

    AND

    410.15

    411.00

    0.85

    189.00

    IM-17-145

    458.00

    463.30

    5.30

    87.66

    INCLUDING

    458.00

    458.80

    0.80

    6.52

    AND

    459.30

    460.00

    0.70

    633.00

    AND

    462.65

    463.30

    0.65

    24.80

    IM-17-145

    685.15

    692.20

    7.05

    17.34

    INCLUDING

    685.75

    686.25

    0.50

    33.60

    AND

    688.75

    689.40

    0.65

    75.90

    AND

    689.40

    689.90

    0.50

    53.40

    AND

    689.90

    690.40

    0.50

    9.92

    AND

    690.90

    691.60

    0.70

    21.60

    IM-17-154




    ASSAYS PENDING

    IM-17-155

    309.85

    310.35

    0.50

    200.00

    IM-17-155

    545.45

    546.00

    0.55

    36.50

    IM-17-155

    563.80

    564.30

    0.50

    49.70

    IM-17-156




    ASSAYS PENDING

    IM-17-157

    53.85

    54.35

    0.50

    7.75

    IM-17-157

    149.50

    150.85

    1.35

    8.87

    IM-17-157

    155.10

    155.65

    0.55

    12.05

    IM-17-157

    202.95

    204.45

    1.50

    9.78

    IM-17-158

    136.75

    137.85

    1.10

    10.25

    IM-17-158

    183.15

    184.50

    1.35

    7.79

    IM-17-159

    176.00

    176.50

    0.50

    6.78

    IM-17-159

    204.50

    205.10

    0.60

    10.25

    IM-17-159

    206.10

    206.60

    0.50

    7.17

    IM-17-159

    207.10

    207.60

    0.50

    15.55

    IM-17-159

    316.70

    318.15

    1.45

    9.45

    INCLUDING

    316.70

    317.20

    0.50

    12.10

    AND

    317.20

    318.15

    0.95

    8.05

    IM-17-159

    521.70

    522.20

    0.50

    24.70

    IM-17-160




    ASSAYS PENDING

    IM-17-161




    ASSAYS PENDING

    IM-17-162

    310.05

    310.55

    0.50

    12.15

    IM-17-162

    330.00

    334.00

    4.00

    13.58

    INCLUDING

    331.20

    332.35

    1.15

    20.20

    AND

    332.35

    333.50

    1.15

    26.60

    IM-17-162

    357.10

    357.80

    0.70

    23.30

    IM-17-162

    389.50

    390.40

    0.90

    17.10

    IM-17-162

    478.50

    482.90

    4.40

    10.53

    INCLUDING

    478.50

    479.00

    0.50

    9.04

    AND

    479.60

    480.60

    1.00

    32.50

    AND

    480.60

    481.50

    0.90

    7.69

    IM-17-163

    11.40

    19.10

    7.70

    13.71

    INCLUDING

    11.40

    11.90

    0.50

    30.80

    AND

    12.40

    13.20

    0.80

    71.10

    AND

    16.15

    16.65

    0.50

    8.94

    AND

    17.15

    17.80

    0.65

    36.80

    AND

    18.60

    19.10

    0.50

    7.54

    IM-17-163

    191.00

    191.50

    0.50

    8.43

    IM-17-163

    284.35

    289.00

    4.65

    11.21

    INCLUDING

    284.35

    285.00

    0.65

    9.52

    AND

    285.00

    285.60

    0.60

    12.25

    AND

    286.90

    287.70

    0.80

    43.90

    IM-17-163

    332.20

    334.90

    2.70

    8.22

    INCLUDING

    332.20

    332.95

    0.75

    11.60

    AND

    332.95

    333.90

    0.95

    8.73

    AND

    334.40

    334.90

    0.50

    9.93

    IM-17-163

    407.30

    407.80

    0.50

    16.05

    IM-17-163

    414.50

    415.60

    1.10

    5.25

    IM-17-163

    421.10

    422.10

    1.00

    5.91

    IM-17-163

    465.80

    467.00

    1.20

    7.31

    IM-17-163

    467.00

    467.65

    0.65

    38.30

    IM-17-163

    472.00

    473.00

    1.00

    25.00

    IM-17-164

    308.50

    309.85

    1.35

    19.45

    IM-17-164

    436.20

    436.75

    0.55

    8.72

    IM-17-164

    452.15

    452.80

    0.65

    9.62

    IM-17-164

    459.00

    460.75

    1.75

    9.16

    IM-17-164

    484.30

    484.85

    0.55

    8.26

    IM-17-164

    626.50

    629.50

    3.00

    12.14

    INCLUDING

    626.50

    627.50

    1.00

    17.50

    AND

    627.50

    628.20

    0.70

    24.80

    IM-17-164

    683.90

    684.40

    0.50

    12.90

    IM-17-164

    723.50

    724.00

    0.50

    10.40

    IM-17-164

    748.50

    749.00

    0.50

    7.78



    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.

    Table 2: Drillhole Collar Orientations:

    HOLE-ID

    AZIMUTH

    DIP

    IM-17-145

    133.50

    -66.10

    IM-17-155

    136.30

    -64.20

    IM-17-157

    137.20

    -44.50

    IM-17-158

    138.10

    -64.50

    IM-17-159

    140.00

    -48.10

    IM-17-162

    136.70

    -44.00

    IM-17-163

    137.40

    -55.50

    IM-17-164

    134.30

    -49.70










    SOURCE Barkerville Gold Mines Ltd.



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    From: howestreetbull10/31/2017 7:55:47 AM
       of 127
     
    by @newswire on October 31, 2017

    BGM Intersects 35.20 G/t Au Over 4.00 Metres at Shaft Zone

    BETA CORRIDOR CONTINUES TO EXPAND - 17.65 G/T AU OVER 6.70 METRES

    TORONTO, Oct. 31, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling results from the ongoing 160,000 metre Phase II Island Mountain exploration and infill drilling program at the Company's flagship Cariboo Gold Project. The Company is currently exploring and delineating the Valley and Shaft Zones with nine drill rigs, while a tenth drill is expanding the known mineralization on the BC Vein. Detailed drilling results, a drill hole location plan map and vertical sections are presented at the end of this release. The exact geometry and hence true width of the mineralized zones cannot be assuredly concluded at this time therefore core lengths are reported.

    Highlights:

  • IM-17-156: 17.65 g/t Au over 6.70 metres
  • IM-17-166: 12.23 g/t Au over 6.70 metres
  • IM-17-168: 16.05 g/t Au over 5.72 metres
  • IM-17-169: 19.58 g/t Au over 6.65 metres
  • IM-17-170: 20.50 g/t Au over 5.50 metres
  • IM-17-173: 10.82 g/t Au over 8.60 metres
  • IM-17-173: 35.20 g/t Au over 4.00 metres


  • Beta Corridor Continues to Expand to Depth

    The Company is pleased to announce that Phase II drillhole IM-17-169 has expanded the recently announced Beta Corridor via the intersection of 19.58 g/t Au over 6.65 metres at a vertical depth of 320 metres below surface. The expansion occurs 90 metres southwest and up dip along corridor strike from previously disclosed Phase II drillhole IM-17-142 which intersected 10.04 g/t Au over 8.20 metres. Infill drilling between the above-mentioned drillholes has demonstrated the grade and geological continuity of this area as IM-17-173 intersected two veining systems grading 10.82 g/t Au over 8.60 metres and 7.70 g/t Au over 8.35 metres at respective vertical depths of 275 and 350 metres below surface. The Beta Corridor still remains open for expansion along vein strike as well as downdip.

    Infill drilling in the Beta Corridor is also indicating the grade and geological continuity of this vein system as demonstrated by drillhole IM-17-172 which intersected two zones averaging 12.81 g/t Au over 4.80 metres followed closely by 12.56 g/t over 3.45 metres at a vertical depth of 150 metres below surface. These intersections occur 40 metres up dip of previously released drillhole IM-17-141 which intersected 6.09 g/t Au over 20.40 metres.

    Shaft Zone - Corridors Discussion

    The sandstone hosted veining which constitutes the newly named Alpha, Beta and Gamma Corridors of the Shaft Zone are manifested as an anastomosing network of high vein density with an overall sub-vertical dip and northeast strike. Based upon drilling results to date, estimated horizontal widths of the corridors are variable and range from 5 to 35 metres. These corridors, as well as others that are developing in the Shaft and Valley Zones have been defined from surface to a vertical depth of 600 metres and remain open for expansion to depth and down plunge. Drillhole spacing in the corridors currently averages 25 metres between drilling sections with vertical drilling separations ranging from 20 to 75 metres with hole spacing increasing to depth. 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 Exploration Manager, Maggie Layman, P.Geo. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, 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, Paul Geddes, 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 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, British Columbia. 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/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of 2015 with 91,489 tonnes of material milled producing 25,464 ounces of gold. The Company has completed several drilling and exploration programs over the past 20 years and has compiled this data with all historical information in order develop geologic models which are assisting management in defining new deposits in the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high grade gold mineralization.

    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 for Shaft Zone Phase II drillholes:

    HOLE-ID

    FROM (M)

    TO (M)

    CORE LENGTH (M)

    AU (G/T)

    IM-17-154

    108.90

    109.60

    0.70

    23.60

    IM-17-156

    63.80

    64.60

    0.80

    29.90

    IM-17-156

    128.00

    129.60

    1.60

    6.91

    IM-17-156

    146.85

    148.75

    1.90

    17.23

    INCLUDING

    146.85

    147.35

    0.50

    48.30

    AND

    147.35

    147.85

    0.50

    16.45

    IM-17-156

    153.00

    153.50

    0.50

    10.95

    IM-17-156

    252.90

    259.60

    6.70

    17.65

    INCLUDING

    253.90

    254.60

    0.70

    18.00

    AND

    255.75

    256.40

    0.65

    42.80

    AND

    258.50

    259.10

    0.60

    59.30

    AND

    259.10

    259.60

    0.50

    64.90

    IM-17-156

    279.50

    280.80

    1.30

    11.75

    IM-17-156

    315.65

    316.15

    0.50

    33.90

    IM-17-156

    359.75

    361.50

    1.75

    52.69

    INCLUDING

    360.75

    361.50

    0.75

    116.50

    IM-17-160

    173.00

    177.00

    4.00

    5.45

    INCLUDING

    174.50

    175.20

    0.70

    11.00

    IM-17-160

    181.50

    182.00

    0.50

    9.17

    IM-17-160

    190.00

    191.00

    1.00

    83.90

    IM-17-160

    375.50

    376.00

    0.50

    119.50

    IM-17-160

    380.85

    381.35

    0.50

    11.70

    IM-17-160

    415.35

    415.90

    0.55

    10.95

    IM-17-161

    76.20

    79.60

    3.40

    9.25

    INCLUDING

    77.35

    78.15

    0.80

    25.00

    IM-17-161

    133.40

    134.50

    1.10

    19.55

    IM-17-161

    359.75

    360.90

    1.15

    9.41

    IM-17-161

    364.80

    365.35

    0.55

    6.75

    IM-17-161

    455.40

    456.10

    0.70

    53.30

    IM-17-161

    546.75

    547.30

    0.55

    95.50

    IM-17-165

    203.50

    204.40

    0.90

    6.14

    IM-17-165

    208.50

    209.25

    0.75

    34.30

    IM-17-165

    265.00

    265.50

    0.50

    11.00

    IM-17-166

    67.00

    68.00

    1.00

    6.19

    IM-17-166

    72.80

    73.30

    0.50

    17.30

    IM-17-166

    157.40

    164.10

    6.70

    12.23

    INCLUDING

    159.00

    159.70

    0.70

    31.90

    AND

    159.70

    160.50

    0.80

    40.90

    AND

    163.10

    164.10

    1.00

    12.70

    IM-17-166

    490.80

    492.00

    1.20

    30.50

    IM-17-166

    499.50

    502.10

    2.60

    38.07

    INCLUDING

    499.50

    500.10

    0.60

    106.50

    AND

    500.80

    501.30

    0.50

    67.10

    IM-17-166

    515.00

    515.50

    0.50

    14.65

    IM-17-166

    528.80

    529.30

    0.50

    22.10

    IM-17-167

    31.40

    32.80

    1.40

    19.50

    IM-17-167

    82.00

    82.50

    0.50

    17.20

    IM-17-167

    123.00

    123.60

    0.60

    16.75

    IM-17-167

    265.30

    266.40

    1.10

    19.05

    IM-17-167

    373.20

    374.70

    1.50

    8.06

    IM-17-167

    393.20

    394.00

    0.80

    10.20

    IM-17-167

    397.45

    398.50

    1.05

    7.56

    IM-17-168

    78.50

    84.22

    5.72

    16.05

    INCLUDING

    80.50

    81.80

    1.30

    55.50

    AND

    83.00

    84.22

    1.22

    9.80

    IM-17-168

    135.35

    135.90

    0.55

    48.30

    IM-17-169

    33.15

    33.85

    0.70

    17.30

    IM-17-169

    50.45

    51.45

    1.00

    10.15

    IM-17-169

    81.70

    83.00

    1.30

    7.84

    IM-17-169

    130.15

    130.75

    0.60

    53.50

    IM-17-169

    222.50

    229.00

    6.50

    7.00

    INCLUDING

    223.20

    224.00

    0.80

    18.55

    AND

    224.00

    225.00

    1.00

    10.55

    AND

    225.00

    226.05

    1.05

    10.25

    AND

    228.50

    229.00

    0.50

    13.85

    IM-17-169

    233.00

    233.70

    0.70

    12.45

    IM-17-169

    248.35

    250.60

    2.25

    10.91

    INCLUDING

    249.25

    250.10

    0.85

    24.20

    IM-17-169

    263.65

    266.50

    2.85

    12.44

    INCLUDING

    263.65

    264.40

    0.75

    10.75

    AND

    264.40

    265.00

    0.60

    30.40

    AND

    265.00

    266.00

    1.00

    9.06

    IM-17-169

    343.80

    350.45

    6.65

    19.58

    INCLUDING

    343.80

    344.40

    0.60

    9.22

    AND

    344.40

    345.35

    0.95

    16.35

    AND

    347.55

    348.30

    0.75

    102.50

    AND

    348.30

    349.80

    1.50

    6.82

    AND

    349.80

    350.45

    0.65

    33.50

    IM-17-169

    437.75

    438.30

    0.55

    11.30

    IM-17-169

    540.05

    541.00

    0.95

    8.42

    IM-17-170

    39.45

    40.25

    0.80

    50.10

    IM-17-170

    46.50

    47.20

    0.70

    15.05

    IM-17-170

    90.50

    96.00

    5.50

    20.50

    INCLUDING

    90.50

    91.65

    1.15

    47.70

    AND

    92.55

    93.10

    0.55

    14.10

    AND

    94.40

    95.45

    1.05

    35.00

    IM-17-170

    123.20

    123.90

    0.70

    8.39

    IM-17-170

    166.10

    166.60

    0.50

    8.50

    IM-17-170

    216.00

    219.75

    3.75

    8.42

    INCLUDING

    217.05

    218.10

    1.05

    24.40

    IM-17-171

    221.00

    221.65

    0.65

    40.00

    IM-17-172

    130.10

    132.20

    2.10

    24.20

    INCLUDING

    130.10

    131.20

    1.10

    36.70

    AND

    131.20

    132.20

    1.00

    10.45

    IM-17-172

    196.80

    201.60

    4.80

    12.81

    INCLUDING

    198.94

    199.75

    0.81

    56.50

    AND

    199.75

    200.90

    1.15

    9.72

    IM-17-172

    208.55

    212.00

    3.45

    12.56

    INCLUDING

    208.55

    210.00

    1.45

    7.40

    AND

    210.00

    211.00

    1.00

    17.50

    AND

    211.00

    212.00

    1.00

    15.10

    IM-17-172

    235.90

    236.40

    0.50

    41.20

    IM-17-172

    416.60

    417.10

    0.50

    9.98

    IM-17-172

    494.75

    495.45

    0.70

    14.40

    IM-17-173

    118.45

    122.45

    4.00

    35.20

    INCLUDING

    119.45

    120.95

    1.50

    23.60

    AND

    120.95

    122.45

    1.50

    68.20

    IM-17-173

    239.50

    240.25

    0.75

    49.10

    IM-17-173

    283.40

    284.25

    0.85

    10.30

    IM-17-173

    306.25

    314.85

    8.60

    10.82

    INCLUDING

    306.25

    306.75

    0.50

    14.40

    AND

    307.50

    308.00

    0.50

    46.50

    AND

    308.00

    308.60

    0.60

    18.60

    AND

    314.00

    314.85

    0.85

    58.60

    IM-17-173

    345.85

    346.50

    0.65

    11.00

    IM-17-173

    358.00

    358.75

    0.75

    22.30

    IM-17-173

    369.25

    369.90

    0.65

    8.17

    IM-17-173

    381.15

    389.50

    8.35

    7.70

    INCLUDING

    381.15

    381.90

    0.75

    29.80

    AND

    387.75

    389.00

    1.25

    22.80

    AND

    389.00

    389.50

    0.50

    23.40




    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.


    Table 2: Drillhole Collar Orientations:

    HOLE-ID

    AZIMUTH

    DIP

    IM-17-154

    135.50

    -46.90

    IM-17-156

    142.30

    -43.50

    IM-17-160

    134.60

    -65.00

    IM-17-161

    136.50

    -65.60

    IM-17-165

    139.10

    -40.50

    IM-17-166

    132.50

    -64.70

    IM-17-167

    135.60

    -48.70

    IM-17-168

    141.10

    -45.00

    IM-17-169

    139.20

    -64.50

    IM-17-170

    143.60

    -44.40

    IM-17-171

    143.60

    -64.40

    IM-17-172

    139.20

    -45.80

    IM-17-173

    141.80

    -64.50












    SOURCE Barkerville Gold Mines Ltd.



    View original content with multimedia: newswire.ca


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    From: howestreetbull11/8/2017 8:12:40 AM
       of 127
     
    by @nasdaq on November 8, 2017
    BGM Intersects 29.26 g/t Au Over 4.45 Metres at Shaft Zone

    TORONTO, Nov. 08, 2017 (GLOBE NEWSWIRE) -- Barkerville Gold Mines Ltd. (TSXV:BGM) (the “Company” or “Barkerville”) is pleased to announce additional drilling results from the ongoing 160,000 metre Phase II Island Mountain exploration and infill drilling program at the Company’s flagship Cariboo Gold Project. The Company is currently exploring and delineating the Valley and Shaft Zones with nine drill rigs, while a tenth drill is expanding the known mineralization on the BC Vein. Detailed drilling results, a drill hole location plan map and vertical sections are presented at the end of this release. The exact geometry and hence true width of the mineralized zones cannot be assuredly concluded at this time therefore core lengths are reported.

    Drillhole Location Map


    Beta Corridor Longitudinal Map


    Beta Corridor Continues to Demonstrate Continuity

    The Company is pleased to announce that the ongoing infill drilling on the Beta Corridor continues to demonstrate grade and geological continuity. Phase II drillhole IM-17-180 predictably intersected veining in the Beta Corridor averaging 29.26 g/t Au over 4.45 metres at a vertical depth of 410 metres below surface and is situated 20 metres southwest along corridor strike from previously disclosed drillhole
    IM-17-044 which intersected 24.70 g/t Au over 6.60 metres. New mineralization at depth was also demonstrated by IM-17-180 having pierced veining grading 17.91 g/t Au over 2.85 metres at a depth of 510 metres below surface. The Beta Corridor remains open for expansion to depth.

    On the southeastern flank of the Shaft Zone, Phase II drillhole IM-17-174-1 intersected 32.02 g/t Au over 3.90 metres in an area of low drilling density, situated 110 metres below surface. This same drillhole also pierced a larger network of veining with subintervals grading 107.50 g/t Au over 0.50 metres, 11.03 g/t Au over 1.65 metres and 11.15 g/t Au over 3.45 metres. Additional drilling is planned in this largely unexplored portion of the Shaft Zone to determine the potential for another veining corridor.

    Shaft Zone - Corridors Discussion

    The sandstone hosted veining which constitutes the newly named Alpha, Beta and Gamma Corridors of the Shaft Zone are manifested as an anastomosing network of high vein density with an overall sub-vertical dip and northeast strike. Based upon drilling results to date, estimated horizontal widths of the corridors are variable and range from 5 to 35 metres. These corridors, as well as others that are developing in the Shaft and Valley Zones have been defined from surface to a vertical depth of 600 metres and remain open for expansion to depth and down plunge. Drillhole spacing in the corridors currently averages 25 metres between drilling sections with vertical drilling separations ranging from 20 to 75 metres with hole spacing increasing to depth. 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 Exploration Manager, Maggie Layman, P.Geo. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, 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, Paul Geddes, 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).

    For further information on Barkerville Gold Mines Ltd. please contact:

    Chris Lodder
    President & Chief Executive Officer
    155 University Avenue, Suite 1440
    Toronto, Ontario, Canada
    clodder@barkervillegold.com

    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, British Columbia. 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/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of 2015 with 91,489 tonnes of material milled producing 25,464 ounces of gold. The Company has completed several drilling and exploration programs over the past 20 years and has compiled this data with all historical information in order develop geologic models which are assisting management in defining new deposits in the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high grade gold mineralization.

    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 for Shaft Zone Phase II drillholes:

    HOLE-IDFROM (M)TO (M)CORE LENGTH (M)AU (G/T)
    IM-17-174144.50145.000.5018.70
    IM-17-174272.00273.001.0032.60
    IM-17-174290.30291.851.5564.08
    INCLUDING290.30290.950.6531.10
    AND290.95291.850.9087.90
    IM-17-174295.55296.400.857.96
    IM-17-174308.40309.250.8519.85
    IM-17-174-1269.50270.300.8019.15
    IM-17-174-1292.50293.000.5015.25
    IM-17-174-1315.40316.100.70107.50
    IM-17-174-1327.80329.451.6511.03
    IM-17-174-1336.85340.303.4511.15
    INCLUDING336.85337.350.5016.20
    AND339.25340.301.0518.70
    IM-17-174-1345.65349.553.9032.02
    INCLUDING345.65346.450.8069.10
    AND347.25347.950.7037.00
    AND348.80349.550.7557.60
    IM-17-175215.75216.600.858.78
    IM-17-175262.00263.001.007.01
    IM-17-175272.70273.400.7012.05
    IM-17-175312.60314.001.4010.10
    IM-17-175323.70324.500.808.06
    IM-17-175412.00412.900.909.62
    IM-17-175493.50494.000.5012.65
    IM-17-176 ASSAYS PENDING
    IM-17-177 ASSAYS PENDING
    IM-17-178 ABANDONED
    IM-17-179 ASSAYS PENDING
    IM-17-180112.00113.001.0013.60
    IM-17-180328.85329.600.7532.60
    IM-17-180387.75388.600.8511.85
    IM-17-180441.55446.004.4529.26
    IM-17-180552.85555.702.8517.91
    INCLUDING554.60555.200.6027.60
    AND555.20555.700.5063.20
    IM-17-180578.35579.351.0013.75
    IM-17-181 ABANDONED
    IM-17-18265.3065.900.6012.70
    IM-17-182204.85205.350.5025.50
    IM-17-182251.85252.350.5024.90
    IM-17-182425.40426.401.0013.05
    IM-17-183 ASSAYS PENDING
    IM-17-184136.70137.500.8058.00
    IM-17-184144.15144.850.7014.70
    IM-17-184222.85223.500.6511.20
    IM-17-18512.9513.450.5045.80
    IM-17-18531.9035.853.9510.66
    INCLUDING34.0035.001.008.31
    AND35.0035.850.8535.40
    IM-17-185124.50128.303.8010.16
    INCLUDING124.50125.501.009.76
    AND125.50126.300.8016.30
    AND126.30127.000.7010.55
    AND127.00128.301.306.49
    IM-17-185139.85140.500.6523.70
    IM-17-18616.7517.500.758.18
    IM-17-186334.50335.200.707.44
    IM-17-187 ASSAYS PENDING
    IM-17-1887.257.750.505.13
    IM-17-18814.7015.200.506.57
    IM-17-18855.7556.250.5014.25
    IM-17-188102.55103.400.859.74
    IM-17-188135.70137.001.306.07
    IM-17-188157.75158.650.907.33
    IM-17-188184.25186.802.5524.04
    INCLUDING184.25185.000.7534.60
    AND185.00185.600.6011.00
    AND186.30186.800.5054.20
    IM-17-188247.20247.850.6517.50
    IM-17-188298.35298.850.509.58
    True widths cannot be accurately determined from the information available therefore core lengths are reported. 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-IDAZIMUTHDIP
    IM-17-174138.30-43.80
    IM-17-174-1138.30-43.80
    IM-17-175140.20-65.20
    IM-17-178138.70-45.30
    IM-17-180143.90-64.60
    IM-17-181132.70-45.00
    IM-17-182136.70-45.20
    IM-17-184136.10-45.60
    IM-17-185136.20-65.30
    IM-17-186139.90-66.10
    IM-17-188139.20-45.00
    Maps accompanying this announcement are available at:

    globenewswire.com

    globenewswire.com



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    From: howestreetbull11/28/2017 8:20:42 AM
       of 127
     
    by @newswire on November 28, 2017
    BGM Intersects 14.69 G/T Au Over 28.50 Metres at Shaft Zone

    NEW DEPTH EXTENSION ALSO YIELDS 13.48 G/T OVER 16.60 METRES

    TORONTO, Nov. 28, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling results from the ongoing 160,000 metre Phase II Island Mountain exploration and infill drilling program at the Company's flagship Cariboo Gold Project. The Company is currently exploring and delineating the Valley and Shaft Zones with nine drill rigs. Detailed drilling results, a drill hole location plan map and vertical sections are presented at the end of this release. The exact geometry and hence true width of the mineralized zones cannot be assuredly concluded at this time therefore core lengths are reported.



    Significant Gold Zones Intersected at Shaft Zone

    The Company is very pleased to report that a potentially new mineralized corridor has been discovered at depth on Island Mountain. Phase II drillhole IM-17-191 intersected three separate vein systems grading 19.16 g/t Au over 9.70 metres, 13.48 g/t Au over 16.60 metres and 14.69 g/t Au over 28.50 metres at vertical depths ranging from 485 to 540 metres below surface. Due to the scarcity of drilling in this area, it is unclear whether the new mineralization correlates as a depth extension to the interpreted Gamma Corridor or represents a previously unidentified new corridor. A Gamma Corridor section with widened viewing envelope is presented at the end of this release for reference.

    Previously disclosed Phase II drillhole IM-17-145 is located 50 metres southwest of the new intersections having graded 17.34 g/t Au over 7.05 metres. Situated 150 metres to the northeast, drillhole CM-17-018 intersected similar veining grading 8.16 g/t Au over 4.00 metresnear the end of the hole and may not have been drilled far enough to test the new mineralization. No other drilling occurs down dip or down plunge of the IM-17-191 intersections and as such are open for immediate expansion.

    Chris Lodder, President and CEO commented, "The Island Mountain infill drilling continues to expand the Shaft Zone vein corridors in all directions and with several new intersections awaiting results. In January 2018, we will mobilize two rigs to begin initial drill testing of regional targets, while the remaining rigs will continue to focus on Cow and Island Mountain".

    Shaft Zone - Corridors Discussion

    The sandstone hosted veining which constitutes the newly named Alpha, Beta and Gamma Corridors of the Shaft Zone are manifested as an anastomosing network of high vein density with an overall sub-vertical dip and northeast strike. Based upon drilling results to date, estimated horizontal widths of the corridors are variable and range from 5 to 35 metres. These corridors, as well as others that are developing in the Shaft and Valley Zones have been defined from surface to a vertical depth of 600 metres and remain open for expansion to depth and down plunge. Drillhole spacing in the corridors currently averages 25 metres between drilling sections with vertical drilling separations ranging from 20 to 75 metres with hole spacing increasing to depth. 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 Exploration Manager, Maggie Layman, P.Geo. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, 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, Paul Geddes, 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 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, British Columbia. 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/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of 2015 with 91,489 tonnes of material milled producing 25,464 ounces of gold. The Company has completed several drilling and exploration programs over the past 20 years and has compiled this data with all historical information in order develop geologic models which are assisting management in defining new deposits in the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high grade gold mineralization.

    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 for Shaft Zone Phase II drillholes:






    HOLE-ID

    FROM (M)

    TO (M)

    CORE LENGTH (M)

    AU (G/T)

    IM-17-190




    ASSAYS PENDING

    IM-17-191

    194.45

    196.25

    1.80

    7.10

    INCLUDING

    195.10

    195.75

    0.65

    12.05

    IM-17-191

    344.50

    345.10

    0.60

    153.00

    IM-17-191

    389.75

    390.30

    0.55

    15.60

    IM-17-191

    419.00

    422.00

    3.00

    8.03

    INCLUDING

    420.60

    421.10

    0.50

    29.90

    AND

    421.10

    422.00

    0.90

    7.73

    IM-17-191

    433.85

    434.30

    0.45

    6.59

    IM-17-191

    478.45

    479.05

    0.60

    10.00

    IM-17-191

    491.00

    491.50

    0.50

    44.90

    IM-17-191

    553.00

    553.65

    0.65

    12.70

    IM-17-191

    569.55

    570.05

    0.50

    36.40

    IM-17-191

    571.85

    572.50

    0.65

    14.30

    IM-17-191

    580.35

    583.70

    3.35

    6.47

    INCLUDING

    580.35

    581.10

    0.75

    10.90

    AND

    583.15

    583.70

    0.55

    14.65

    IM-17-191

    588.00

    597.70

    9.70

    19.16

    INCLUDING

    588.70

    589.90

    1.20

    13.90

    AND

    589.90

    590.75

    0.85

    14.65

    AND

    594.10

    594.80

    0.70

    208.00

    IM-17-191

    606.35

    622.95

    16.60

    13.48

    INCLUDING

    606.35

    607.05

    0.70

    44.00

    AND

    610.15

    611.10

    0.95

    21.30

    AND

    614.70

    615.30

    0.60

    18.15

    AND

    617.40

    617.95

    0.55

    19.80

    AND

    618.55

    619.10

    0.55

    39.40

    AND

    619.10

    619.60

    0.50

    11.55

    AND

    620.90

    622.10

    1.20

    32.20

    AND

    622.10

    622.95

    0.85

    72.80

    IM-17-191

    647.00

    675.50

    28.50

    14.69

    INCLUDING

    647.00

    647.50

    0.50

    19.75

    AND

    649.00

    649.55

    0.55

    11.65

    AND

    653.80

    654.30

    0.50

    16.25

    AND

    654.85

    655.35

    0.50

    19.10

    AND

    657.90

    658.50

    0.60

    20.40

    AND

    658.50

    659.20

    0.70

    20.20

    AND

    659.20

    660.15

    0.95

    26.40

    AND

    660.15

    660.65

    0.50

    36.70

    AND

    662.90

    663.95

    1.05

    15.75

    AND

    665.55

    666.15

    0.60

    30.40

    AND

    666.15

    666.85

    0.70

    42.20

    AND

    666.85

    667.35

    0.50

    22.10

    AND

    668.40

    669.35

    0.95

    22.40

    AND

    669.35

    669.85

    0.50

    15.55

    AND

    671.00

    671.55

    0.55

    34.20

    AND

    671.55

    672.30

    0.75

    16.20

    AND

    672.30

    673.40

    1.10

    44.60

    AND

    673.40

    674.40

    1.00

    97.60

    AND

    675.00

    675.50

    0.50

    14.25

    IM-17-192




    ASSAYS PENDING

    IM-17-193




    ASSAYS PENDING

    IM-17-194

    168.00

    174.40

    6.40

    6.02

    INCLUDING

    168.00

    169.50

    1.50

    10.30

    AND

    171.15

    172.00

    0.85

    9.13

    IM-17-194

    444.60

    445.15

    0.55

    7.18

    IM-17-194

    510.50

    511.90

    1.40

    56.90

    INCLUDING

    510.50

    511.25

    0.75

    88.10

    AND

    511.25

    511.90

    0.65

    20.90

    IM-17-194

    656.65

    657.65

    1.00

    7.98

    IM-17-194

    659.65

    660.65

    1.00

    18.85



    True widths cannot be accurately determined from the information available therefore core lengths are reported. 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-17-191

    130.00

    -65.00

    IM-17-194

    136.10

    -48.70










    SOURCE Barkerville Gold Mines Ltd.



    View original content with multimedia: newswire.ca


    Share RecommendKeepReplyMark as Last Read


    From: howestreetbull12/17/2017 10:33:30 AM
       of 127
     
    Barkerville Announces C$10 Million Bought Deal Private Placement of Flow-Through Shares BGM.v
    by @marketwired on December 15, 2017
    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 15, 2017) -

    NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

    Barkerville Gold Mines Ltd. ("Barkerville" or the "Corporation") (TSX VENTURE:BGM) is pleased to announce that it has entered into an agreement with Haywood Securities Inc. and Canaccord Genuity Corp. as co-lead underwriters (together, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" private placement basis, 10,000,000 common shares of the Corporation that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) (the "Flow-Through Shares") at a price of C$1.00 per Flow-Through Share, for aggregate gross proceeds of C$10,000,000 (the "Offering").

    The Corporation has granted the Underwriters an option to purchase up to an additional 1,500,000 Flow-Through Shares at a price of C$1.00 per Flow-Through Share, for additional aggregate gross proceeds of C$1,500,000 (the "Underwriters' Option"), which is exercisable in whole or in part by the Underwriters at any time prior to 48 hours prior to the closing date.

    The Corporation intends to use the gross proceeds from the sale of the Flow-Through Shares for "Canadian exploration expenses" (within the meaning of the Income Tax Act (Canada)), related to the Corporation's Cariboo Gold Project in central British Columbia. The Corporation has also agreed to renounce such Canadian exploration expenses with an effective date of no later than December 31, 2017.

    The closing of the Offering is expected to occur on or about December 28, 2017 and is subject to the completion of formal documentation and receipt of regulatory approvals, including the approval of the TSX Venture Exchange. The Flow-Through Shares issued in connection with the Offering will be subject to a statutory hold period in accordance with applicable securities legislation. In consideration for their services, the Corporation has agreed to pay the Underwriters a cash commission equal to 5.0% of the gross proceeds from the Offering, excluding gross proceeds received from the sale of Flow-Through Shares to Osisko Gold Royalties Ltd and Osisko Mining Inc.

    About Barkerville

    Barkerville is focused on developing its extensive land package located in the historical Cariboo Mining District of central British Columbia. Barkerville's mineral tenures cover 1,950 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, British Columbia. 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/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of 2015 with 91,489 tonnes of material milled producing 25,464 ounces of gold. The Corporation has completed several drilling and exploration programs over the past 20 years and has compiled this data with all historical information in order develop geologic models which are assisting management in defining new deposits in the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high grade gold mineralization.

    Caution Regarding Forward Looking Statements

    This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. The information in this news release about the Offering; the use of the gross proceeds from the Offering; the jurisdictions in which the Flow-Through Shares are offered or sold; the number of Flow-Through Shares offered or sold; the gross proceeds from the Offering; the timing and ability of the Corporation to close the Offering, if at all; the timing and ability of the Corporation to satisfy the customary listing conditions of the TSX Venture Exchange, if at all; the timing and ability of the Corporation to obtain all necessary approvals; the terms of the concurrently announced private placement of units of the Corporation; and any other information herein that is not a historical fact may be "forward-looking information". Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of Barkerville, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Barkerville to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

    Such factors include, among others, risks relating to the Offering; volatility in the trading price of common shares of the Corporation; risks relating to the ability of the Corporation to obtain required approvals, complete definitive documentation and complete the Offering and concurrently announced offering of units of the Corporation on the terms announced; ability of Barkerville to complete further exploration activities, including drilling; property interests; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Barkerville cannot assure shareholders and prospective purchasers that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Barkerville nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Barkerville does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

    Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) 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.

    Barkerville Gold Mines Ltd.
    Chris Lodder
    President & Chief Executive Officer
    155 University Avenue, Suite 1440
    Toronto, Ontario, Canada
    clodder@barkervillegold.com

    Share RecommendKeepReplyMark as Last ReadRead Replies (1)


    To: howestreetbull who wrote (103)1/9/2018 8:08:10 AM
    From: howestreetbull
       of 127
     
    BGM.v intersects 29.20 g/t Au over 5.55 metres at Shaft Zone
    by @newswire on January 9, 2018

    ISLAND MOUNTAIN ALSO YEILDS 16.38 G/T AU OVER 5.80 METRES

    TORONTO, Jan. 9, 2018 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling results from the 2017 Phase II Island Mountain exploration and infill drilling program at the Company's flagship Cariboo Gold Project. The Company is currently exploring and delineating the Shaft Zone with five drill rigs. Detailed drilling results, a drill hole location plan map and vertical sections are presented at the end of this release. The exact geometry and hence true width of the mineralized zones cannot be assuredly concluded at this time therefore core lengths are reported.

    Drilling Highlights

  • IM-17-196: 16.38 g/t Au over 5.80 meters
  • IM-17-198: 5.20 g/t Au over 6.25 meters
  • IM-17-202: 29.20 g/t Au over 5.55 meters
  • IM-17-205: 8.21 g/t Au over 4.85 meters


  • Continued Expansion of Vein Corridors

    The Company is pleased to report mineralization expansion from the ongoing drilling at Shaft Zone. Phase II drillhole IM-17-196 intersected 16.38 g/t Au over 5.80 meters at a vertical depth 380 meters below surface. This new intersection is open along strike to the north east. Previously reported hole IM-17-146 is located 35 meters to the south west and averaged 17.45 g/t Au over 8.60 meters. Further up-hole at a vertical depth of 175 meters, IM-17-196 also intersected 6.63 g/t Au over 4.40 meters and correlates with previously reported hole IM-17-115 that graded 10.14 g/t Au over 4.00 meters.

    On the north-western extents of the Shaft Zone, drillhole IM-17-202 intersected a well mineralized vein zone grading 29.20 g/t Au over 5.55 meters at a vertical depth of 85 meters from surface. Drilling in this area is sparse and the closest intersection is previously reported drillhole IM-17-030, 135 meters down dip and assayed 9.35 g/t Au over 1.00 meters. This new intersection warrants additional drilling is in this area.

    Shaft Zone - Corridors Discussion

    The sandstone hosted veining which constitutes the newly named Alpha, Beta and Gamma Corridors of the Shaft Zone are manifested as an anastomosing network of high vein density with an overall sub-vertical dip and northeast strike. Based upon drilling results to date, estimated horizontal widths of the corridors are variable and range from 5 to 35 metres. These corridors, as well as others that are developing in the Shaft and Valley Zones have been defined from surface to a vertical depth of 600 metres and remain open for expansion to depth and down plunge. Drillhole spacing in the corridors currently averages 25 metres between drilling sections with vertical drilling separations ranging from 20 to 75 metres with hole spacing increasing to depth. 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 Exploration Manager, Maggie Layman, P.Geo. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, 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, Paul Geddes, 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 land package located in the historical Cariboo Mining District of central British Columbia. Barkerville's mineral tenures cover 1,950 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, British Columbia. 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/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of 2015 with 91,489 tonnes of material milled producing 25,464 ounces of gold. The Company has completed several drilling and exploration programs over the past 20 years and has compiled this data with all historical information in order develop geologic models which are assisting management in defining new deposits in the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high grade gold mineralization.

    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 for Shaft Zone Phase II drillholes:

    HOLE-ID

    FROM (M)

    TO (M)

    CORE LENGTH (M)

    AU (G/T)

    IM-17-190

    32.00

    32.60

    0.60

    5.16

    IM-17-190

    232.00

    232.50

    0.50

    6.29

    IM-17-190

    252.70

    254.20

    1.50

    11.94

    INCLUDING

    253.50

    254.20

    0.70

    15.15

    IM-17-190

    528.60

    529.20

    0.60

    9.05

    IM-17-190

    535.90

    542.60

    6.70

    11.08

    INCLUDING

    535.90

    536.90

    1.00

    18.20

    AND

    538.85

    539.95

    1.10

    41.70

    AND

    540.85

    541.40

    0.55

    10.40

    IM-17-190

    547.70

    548.20

    0.50

    33.40

    IM-17-190

    655.40

    656.55

    1.15

    42.17

    INCLUDING

    655.40

    655.95

    0.55

    82.60

    IM-17-192

    30.60

    33.60

    3.00

    5.50

    INCLUDING

    30.60

    31.85

    1.25

    6.61

    AND

    33.00

    33.60

    0.60

    11.45

    IM-17-192

    35.00

    38.00

    3.00

    5.94

    INCLUDING

    35.90

    37.00

    1.10

    8.75

    IM-17-192

    35.00

    37.00

    2.00

    8.87

    INCLUDING

    309.65

    310.15

    0.50

    17.75

    IM-17-193

    122.20

    122.90

    0.70

    10.30

    IM-17-193

    147.35

    149.50

    2.15

    9.03

    INCLUDING

    147.35

    148.20

    0.85

    17.55

    AND

    149.00

    149.50

    0.50

    8.90

    IM-17-193

    160.50

    161.00

    0.50

    9.78

    IM-17-195




    ASSAYS PENDING

    IM-17-196

    232.90

    233.50

    0.60

    9.11

    IM-17-196

    244.70

    248.90

    4.20

    5.32

    INCLUDING

    244.70

    246.00

    1.30

    9.13

    AND

    248.40

    248.90

    0.50

    14.20

    IM-17-196

    255.20

    259.60

    4.40

    6.63

    INCLUDING

    256.00

    256.70

    0.70

    7.18

    AND

    259.00

    259.60

    0.60

    31.70

    IM-17-196

    266.50

    268.00

    1.50

    13.09

    INCLUDING

    267.50

    268.00

    0.50

    30.20

    IM-17-196

    452.30

    458.10

    5.80

    16.38

    INCLUDING

    453.20

    453.75

    0.55

    73.40

    AND

    456.55

    457.45

    0.90

    44.40

    IM-17-196

    485.25

    491.30

    6.05

    4.76

    INCLUDING

    485.75

    486.30

    0.55

    14.65

    AND

    489.60

    490.10

    0.50

    10.30

    AND

    490.70

    491.30

    0.60

    16.40

    IM-17-197

    148.80

    149.30

    0.50

    4.80

    IM-17-197

    176.90

    177.60

    0.70

    5.70

    IM-17-197

    189.00

    189.70

    0.70

    4.39

    IM-17-197

    211.40

    212.30

    0.90

    6.32

    IM-17-197

    330.00

    330.50

    0.50

    6.15

    IM-17-197

    336.00

    336.50

    0.50

    11.85

    IM-17-197

    350.20

    353.70

    3.50

    13.37

    INCLUDING

    350.20

    350.85

    0.65

    34.90

    AND

    351.85

    352.90

    1.05

    20.20

    IM-17-197

    384.10

    387.65

    3.55

    11.22

    INCLUDING

    386.00

    386.50

    0.50

    20.30

    AND

    386.50

    387.00

    0.50

    31.10

    AND

    387.00

    387.65

    0.65

    14.05

    IM-17-197

    411.50

    412.10

    0.60

    5.83

    IM-17-198

    160.00

    161.00

    1.00

    27.50

    IM-17-198

    200.20

    201.25

    1.05

    4.36

    INCLUDING

    200.70

    201.25

    0.55

    5.54

    IM-17-198

    211.50

    217.75

    6.25

    5.20

    INCLUDING

    212.00

    212.50

    0.50

    5.39

    AND

    214.70

    215.40

    0.70

    5.98

    AND

    216.40

    217.20

    0.80

    23.00

    IM-17-198

    222.25

    223.45

    1.20

    10.15

    IM-17-198

    226.60

    227.50

    0.90

    12.25

    IM-17-198

    359.40

    360.00

    0.60

    16.60

    IM-17-198

    369.95

    370.55

    0.60

    5.33

    IM-17-199

    169.75

    170.45

    0.70

    4.68

    IM-17-199

    305.50

    306.00

    0.50

    11.00

    IM-17-199

    457.65

    459.35

    1.70

    21.14

    INCLUDING

    457.65

    458.85

    1.20

    13.15

    AND

    458.85

    459.35

    0.50

    40.30

    IM-17-199

    518.00

    519.80

    1.80

    6.40

    INCLUDING

    518.00

    519.00

    1.00

    8.24

    IM-17-199

    533.00

    533.50

    0.50

    8.94

    IM-17-199

    618.20

    618.70

    0.50

    5.62

    IM-17-199

    684.75

    686.15

    1.40

    5.71

    IM-17-199

    707.10

    709.05

    1.95

    10.11

    INCLUDING

    707.10

    707.60

    0.50

    17.30

    IM-17-200




    ASSAYS PENDING

    IM-17-201




    ASSAYS PENDING

    IM-17-202

    114.70

    120.25

    5.55

    29.20

    INCLUDING

    116.40

    117.00

    0.60

    41.40

    AND

    117.00

    118.00

    1.00

    67.40

    IM-17-202

    326.80

    331.00

    4.20

    3.49

    INCLUDING

    326.80

    327.40

    0.60

    16.50

    IM-17-202

    374.20

    374.90

    0.70

    40.80

    IM-17-202

    378.95

    379.60

    0.65

    14.40

    IM-17-203

    82.75

    83.30

    0.55

    105.00

    IM-17-204




    ASSAYS PENDING

    IM-17-205

    30.60

    35.45

    4.85

    8.21

    INCLUDING

    30.60

    31.65

    1.05

    5.47

    AND

    32.95

    33.90

    0.95

    8.02

    AND

    33.90

    34.40

    0.50

    45.50

    IM-17-205

    120.00

    121.80

    1.80

    6.09

    IM-17-205

    146.45

    147.40

    0.95

    6.63

    IM-17-205

    148.00

    148.50

    0.50

    35.20

    IM-17-205

    158.40

    159.00

    0.60

    6.09

    IM-17-205

    170.15

    170.65

    0.50

    109.50

    IM-17-206

    106.00

    106.70

    0.70

    70.80

    IM-17-207

    9.00

    10.25

    1.25

    11.85

    IM-17-207

    105.00

    105.70

    0.70

    9.24

    IM-17-207

    184.10

    184.90

    0.80

    16.00

    IM-17-207

    196.00

    197.30

    1.30

    6.61

    IM-17-207

    221.20

    224.40

    3.20

    16.75

    INCLUDING

    223.35

    224.40

    1.05

    47.70

    IM-17-207

    254.00

    255.00

    1.00

    4.78

    IM-17-207

    270.00

    270.75

    0.75

    19.75

    IM-17-208

    138.50

    140.10

    1.60

    3.69

    IM-17-208

    344.50

    345.70

    1.20

    62.20

    IM-17-208

    355.50

    356.40

    0.90

    4.57

    IM-17-208

    363.80

    364.50

    0.70

    26.30

    IM-17-209




    ASSAYS PENDING

    IM-17-210

    46.25

    46.75

    0.50

    15.35

    IM-17-210

    236.25

    236.85

    0.60

    67.60

    IM-17-210

    326.15

    328.00

    1.85

    9.43

    INCLUDING

    326.65

    327.15

    0.50

    23.50

    IM-17-210

    401.10

    401.60

    0.50

    6.42

    IM-17-210

    472.00

    473.00

    1.00

    5.30

    IM-17-210

    480.50

    481.45

    0.95

    6.13

    IM-17-210

    527.50

    532.45

    4.95

    3.70

    INCLUDING

    531.45

    532.45

    1.00

    7.99

    IM-17-211

    90.85

    91.85

    1.00

    8.52

    INCLUDING

    91.35

    91.85

    0.50

    12.40

    IM-17-211

    125.00

    126.00

    1.00

    24.10

    IM-17-211

    184.80

    185.30

    0.50

    9.09

    IM-17-211

    189.75

    191.80

    2.05

    16.90

    IM-17-211

    226.00

    227.00

    1.00

    5.43

    IM-17-212




    ASSAYS PENDING

    IM-17-213




    ASSAYS PENDING

    IM-17-214

    48.00

    48.50

    0.50

    21.40

    IM-17-214

    58.50

    59.30

    0.80

    12.05

    IM-17-214

    79.80

    81.00

    1.20

    4.84

    IM-17-214

    271.50

    272.00

    0.50

    20.60

    IM-17-214

    322.10

    324.00

    1.90

    5.30

    IM-17-214

    323.30

    324.00

    0.70

    8.98




    True widths cannot be accurately determined from the information available therefore core lengths are reported. 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-17-190

    132.4

    -45.8

    IM-17-193

    139.3

    -66.7

    IM-17-196

    139.0

    -61.6

    IM-17-197

    140.8

    -49.3

    IM-17-198

    141.5

    -64.4

    IM-17-199

    132.8

    -59.9

    IM-17-202

    141.2

    -44.0

    IM-17-203

    141.8

    -62.5

    IM-17-205

    136.2

    -65.2

    IM-17-206

    139.6

    -44.5

    IM-17-207

    141.9

    -65.6

    IM-17-208

    142.4

    -45.0

    IM-17-210

    140.5

    -43.4

    IM-17-211

    138.7

    -63.3

    IM-17-214

    137.6

    -64.2










    SOURCE Barkerville Gold Mines Ltd.



    View original content with multimedia: newswire.ca


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