| To: howestreetbull who wrote (95) | 9/6/2017 8:46:52 AM | | From: howestreetbull | | | | 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
|
| | BGM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: howestreetbull | 9/14/2017 11:19:03 AM | | | | | | 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 metresIM-17-140: 16.79 g/t Au over 4.00 metresIM-17-141: 6.09 g/t Au over 20.40 metresIM-17-141: 11.17 g/t Au over 3.40 metresIM-17-143: 7.09 g/t Au over 34.30 metresIM-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.
View original content with multimedia: newswire.ca
|
| | BGM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
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| From: howestreetbull | 9/26/2017 8:59:57 AM | | | | | | 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 metresIM-17-142: 10.04 g/t Au over 8.20 metresIM-17-151: 16.15 g/t Au over 3.55 metresIM-17-151: 72.23 g/t Au over 12.05 metresIM-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.
View original content with multimedia: newswire.ca
|
| | BGM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: howestreetbull | 10/11/2017 9:13:18 AM | | | | | | 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 metresIM-17-145: 87.66 g/t Au over 5.30 metresIM-17-145: 17.34 g/t Au over 7.05 metresIM-17-162: 13.58 g/t Au over 4.00 metresIM-17-163: 11.21 g/t Au over 4.65 metresIM-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.
View original content with multimedia: newswire.ca
|
| | BGM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: howestreetbull | 10/31/2017 7:55:47 AM | | | | | | 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 metresIM-17-166: 12.23 g/t Au over 6.70 metresIM-17-168: 16.05 g/t Au over 5.72 metresIM-17-169: 19.58 g/t Au over 6.65 metresIM-17-170: 20.50 g/t Au over 5.50 metresIM-17-173: 10.82 g/t Au over 8.60 metresIM-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: howestreetbull | 11/8/2017 8:12:40 AM | | | | | | 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.
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-ID | FROM (M) | TO (M) | CORE LENGTH (M) | AU (G/T) | | IM-17-174 | 144.50 | 145.00 | 0.50 | 18.70 | | IM-17-174 | 272.00 | 273.00 | 1.00 | 32.60 | | IM-17-174 | 290.30 | 291.85 | 1.55 | 64.08 | | INCLUDING | 290.30 | 290.95 | 0.65 | 31.10 | | AND | 290.95 | 291.85 | 0.90 | 87.90 | | IM-17-174 | 295.55 | 296.40 | 0.85 | 7.96 | | IM-17-174 | 308.40 | 309.25 | 0.85 | 19.85 | | IM-17-174-1 | 269.50 | 270.30 | 0.80 | 19.15 | | IM-17-174-1 | 292.50 | 293.00 | 0.50 | 15.25 | | IM-17-174-1 | 315.40 | 316.10 | 0.70 | 107.50 | | IM-17-174-1 | 327.80 | 329.45 | 1.65 | 11.03 | | IM-17-174-1 | 336.85 | 340.30 | 3.45 | 11.15 | | INCLUDING | 336.85 | 337.35 | 0.50 | 16.20 | | AND | 339.25 | 340.30 | 1.05 | 18.70 | | IM-17-174-1 | 345.65 | 349.55 | 3.90 | 32.02 | | INCLUDING | 345.65 | 346.45 | 0.80 | 69.10 | | AND | 347.25 | 347.95 | 0.70 | 37.00 | | AND | 348.80 | 349.55 | 0.75 | 57.60 | | IM-17-175 | 215.75 | 216.60 | 0.85 | 8.78 | | IM-17-175 | 262.00 | 263.00 | 1.00 | 7.01 | | IM-17-175 | 272.70 | 273.40 | 0.70 | 12.05 | | IM-17-175 | 312.60 | 314.00 | 1.40 | 10.10 | | IM-17-175 | 323.70 | 324.50 | 0.80 | 8.06 | | IM-17-175 | 412.00 | 412.90 | 0.90 | 9.62 | | IM-17-175 | 493.50 | 494.00 | 0.50 | 12.65 | | IM-17-176 | | | | ASSAYS PENDING | | IM-17-177 | | | | ASSAYS PENDING | | IM-17-178 | | | | ABANDONED | | IM-17-179 | | | | ASSAYS PENDING | | IM-17-180 | 112.00 | 113.00 | 1.00 | 13.60 | | IM-17-180 | 328.85 | 329.60 | 0.75 | 32.60 | | IM-17-180 | 387.75 | 388.60 | 0.85 | 11.85 | | IM-17-180 | 441.55 | 446.00 | 4.45 | 29.26 | | IM-17-180 | 552.85 | 555.70 | 2.85 | 17.91 | | INCLUDING | 554.60 | 555.20 | 0.60 | 27.60 | | AND | 555.20 | 555.70 | 0.50 | 63.20 | | IM-17-180 | 578.35 | 579.35 | 1.00 | 13.75 | | IM-17-181 | | | | ABANDONED | | IM-17-182 | 65.30 | 65.90 | 0.60 | 12.70 | | IM-17-182 | 204.85 | 205.35 | 0.50 | 25.50 | | IM-17-182 | 251.85 | 252.35 | 0.50 | 24.90 | | IM-17-182 | 425.40 | 426.40 | 1.00 | 13.05 | | IM-17-183 | | | | ASSAYS PENDING | | IM-17-184 | 136.70 | 137.50 | 0.80 | 58.00 | | IM-17-184 | 144.15 | 144.85 | 0.70 | 14.70 | | IM-17-184 | 222.85 | 223.50 | 0.65 | 11.20 | | IM-17-185 | 12.95 | 13.45 | 0.50 | 45.80 | | IM-17-185 | 31.90 | 35.85 | 3.95 | 10.66 | | INCLUDING | 34.00 | 35.00 | 1.00 | 8.31 | | AND | 35.00 | 35.85 | 0.85 | 35.40 | | IM-17-185 | 124.50 | 128.30 | 3.80 | 10.16 | | INCLUDING | 124.50 | 125.50 | 1.00 | 9.76 | | AND | 125.50 | 126.30 | 0.80 | 16.30 | | AND | 126.30 | 127.00 | 0.70 | 10.55 | | AND | 127.00 | 128.30 | 1.30 | 6.49 | | IM-17-185 | 139.85 | 140.50 | 0.65 | 23.70 | | IM-17-186 | 16.75 | 17.50 | 0.75 | 8.18 | | IM-17-186 | 334.50 | 335.20 | 0.70 | 7.44 | | IM-17-187 | | | | ASSAYS PENDING | | IM-17-188 | 7.25 | 7.75 | 0.50 | 5.13 | | IM-17-188 | 14.70 | 15.20 | 0.50 | 6.57 | | IM-17-188 | 55.75 | 56.25 | 0.50 | 14.25 | | IM-17-188 | 102.55 | 103.40 | 0.85 | 9.74 | | IM-17-188 | 135.70 | 137.00 | 1.30 | 6.07 | | IM-17-188 | 157.75 | 158.65 | 0.90 | 7.33 | | IM-17-188 | 184.25 | 186.80 | 2.55 | 24.04 | | INCLUDING | 184.25 | 185.00 | 0.75 | 34.60 | | AND | 185.00 | 185.60 | 0.60 | 11.00 | | AND | 186.30 | 186.80 | 0.50 | 54.20 | | IM-17-188 | 247.20 | 247.85 | 0.65 | 17.50 | | IM-17-188 | 298.35 | 298.85 | 0.50 | 9.58 |
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-ID | AZIMUTH | DIP | | IM-17-174 | 138.30 | -43.80 | | IM-17-174-1 | 138.30 | -43.80 | | IM-17-175 | 140.20 | -65.20 | | IM-17-178 | 138.70 | -45.30 | | IM-17-180 | 143.90 | -64.60 | | IM-17-181 | 132.70 | -45.00 | | IM-17-182 | 136.70 | -45.20 | | IM-17-184 | 136.10 | -45.60 | | IM-17-185 | 136.20 | -65.30 | | IM-17-186 | 139.90 | -66.10 | | IM-17-188 | 139.20 | -45.00 |
Maps accompanying this announcement are available at:
globenewswire.com
globenewswire.com
|
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| From: howestreetbull | 11/28/2017 8:20:42 AM | | | | | | 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
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| From: howestreetbull | 12/17/2017 10:33:30 AM | | | | | | 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 |
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| To: howestreetbull who wrote (103) | 1/9/2018 8:08:10 AM | | From: howestreetbull | | | | 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 metersIM-17-198: 5.20 g/t Au over 6.25 metersIM-17-202: 29.20 g/t Au over 5.55 metersIM-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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| From: howestreetbull | 1/13/2018 9:15:58 AM | | | | | | by @newswire on January 12, 2018
Barkerville Gold Mines Ltd. - 2017 Corporate Update and 2018 Objectives
TORONTO, Jan. 12, 2018 /CNW/ -
Cariboo Gold Project
Brownfield Exploration
Barkerville's 2017 Exploration program was focused on its flagship Cariboo Gold Project located within Central British Columbia. The company completed a 157,000 meter drilling campaign focused on resource delineation and expansion drilling on Cow and Island Mountain, with the majority focused on the Valley Zone and Shaft Zone. Significant high-grade intercepts confirmed the mineralization model, grade continuity, and geometries. Some significant recent drill intercepts are as follows: 72.23g/t over 12.05m, 53.26g/t over 11.55m, 18.84g/t over 30.85, 14.69 g/t over 28.5m, and 20.53 g/t over 11.6m. Barkerville was able to identify and wire frame 145 vein corridors which will be the base for the resource estimate in 2018.
Greenfield Exploration
Barkerville's greenfield exploration team was tasked with developing targets to the southeast of the central project area along the 67 kilometers of strike within the company's Cariboo Gold Project. Systematic, scientific exploration was able to identify 130 new targets through detailed mapping, soil, and rock sampling. Eleven of these are now at the drill ready stage.
Operations (Bonanza Ledge)
Portal and underground development began in the second semester of 2017 at the Bonanza Ledge mine. Barkerville completed 470 meters of underground development in 2017. Approximately 7000 tonnes of both low and high-grade development material was processed at the company's 100% owned QR mill for commissioning and training purposes. The Mill will be restarted in March 2018 when a sufficient stockpile is on site at QR.
2018 Objectives
In 2018 the company is planning to undertake several actions which are anticipated to be substantial catalysts for Barkerville. We plan to publish an initial resource for Cow Mountain, Island Mountain and Valley Zones as well as an update for Barkerville Mountain,. Barkerville will initiate drill testing of regional targets to confirm the mineralization model and district scale upside. Bonanza Ledge anticipates finishing development in Q1 with stope production to follow. The company will also start its underground access, permit depending, in order to explore for increased underground resources at Cow and Island Mountain targets. This should reduce future drilling cost and improve our understanding of the mineralization. This underground access will also allow for trial stoping and bulk sampling that will supply valuable data related to rock mechanics, dilution, operating costs and processing.
Management Change
Effective March 1st, 2018, Maggie Layman, currently Barkerville's Exploration Manager, will replace Paul Geddes as Vice President Exploration and QP for the Cariboo Gold Project. Paul will be pursuing other opportunities in British Columbia and the Company would like to thank him for his contributions to the Cariboo Gold Project and wish him all the best in his future endeavors.
Maggie has worked in mineral exploration with several other Major and Junior companies managing Brownfields and Greenfields gold and base metal exploration programs throughout Canada since 2006. Maggie has worked for BGM since 2015 and is responsible for directing the exploration programs at the Cariboo Gold Project. She is an active volunteer with the Association of Mineral Exploration Aboriginal Relations Committee. Maggie is a graduate from Memorial University of Newfoundland Earth Science program and is a P.Geo and member in good standing with APEGBC in British Columbia. She is the Qualified Person (QP) for BGM in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.
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.
SOURCE Barkerville Gold Mines Ltd.
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