| 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
|
| | BGM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| 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
|
| | BGM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| 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 |
| | BGM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| 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
|
| | BGM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| 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.
View original content with multimedia: newswire.ca
|
| | BGM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: howestreetbull | 2/21/2018 9:02:36 AM | | | | | | by @nasdaq on February 21, 2018
BGM Intersects 23.86 g/t Au Over 6.65 Meters at Shaft Zone
TORONTO, Feb. 21, 2018 (GLOBE NEWSWIRE) -- 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 seven 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-17-201: 104.5 g/t Au over 1.00 meterIM-17-215: 23.86 g/t Au over 6.65 metersIM-17-215: 12.16 g/t Au over 13.30 metersIM-17-226: 28.73 g/t Au over 4.45 metersIM-17-231: 24.76 g/t Au over 5.10 metersThe Company is pleased to report new mineralization expansion from the ongoing drilling at Island Mountain. Phase II drillhole IM-17-201 intersected 104.5 g/t Au over 1.00 meter at a vertical depth of 10 meters from surface. This new intersection is 40 meters up dip from previously modelled vein corridor, therefore potentially extending this vein corridor near surface.
IM-17-215 intersected 23.86 g/t over 6.65 meters at a vertical depth of 400 meters from surface and, further down hole, intersected 12.16 g/t Au over 13.30 meters at a vertical depth of 570 meters from surface, demonstrating wide corridors at depth. IM-17-215 represents one of the deepest intercepts to date, drilling at these depths are widely spaced and untested at depth. Additional drilling is warranted to expand this mineralization.
Shaft Zone - Corridors Discussion
Mineralized quartz veins at the Shaft Zone on Island Mountain are hosted within the sandstones and are an anastomosing network of high vein density with an overall sub-vertical dip and northeast strike. Recent modelling of veins at Shaft Zone proposes 50 mineralized vein corridors with an estimated horizontal width of 3 meters and a strike length of up to 300 meters. 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 meters and remain open for expansion to depth and down plunge. Drillhole spacing in the corridors currently averages 25 meters between drilling sections with vertical drilling separations ranging from 20 to 75 meters with hole spacing increasing at 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 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-17-201 | 11.00 | 12.00 | 1.00 | 104.50 | | IM-17-201 | 77.50 | 78.95 | 1.45 | 5.00 | | INCLUDING | 78.38 | 78.95 | 0.57 | 8.11 | | IM-17-201 | 115.80 | 118.10 | 2.30 | 9.19 | | INCLUDING | 117.00 | 118.10 | 1.10 | 13.50 | | IM-17-201 | 144.00 | 144.50 | 0.50 | 25.60 | | IM-17-201 | 150.50 | 151.50 | 1.00 | 4.59 | | IM-17-201 | 213.00 | 215.35 | 2.35 | 14.22 | | INCLUDING | 213.00 | 214.17 | 1.17 | 25.40 | | IM-17-201 | 258.60 | 263.60 | 5.00 | 5.38 | | INCLUDING | 262.25 | 263.60 | 1.35 | 10.30 | | IM-17-201 | 271.85 | 273.60 | 1.75 | 4.22 | | IM-17-201 | 297.00 | 297.80 | 0.80 | 20.70 | | IM-17-201 | 312.55 | 319.20 | 6.65 | 3.84 | | INCLUDING | 312.55 | 313.50 | 0.95 | 13.35 | | IM-17-201 | 351.30 | 352.80 | 1.50 | 35.58 | | INCLUDING | 352.10 | 352.80 | 0.70 | 54.30 | | IM-17-204 | 112.00 | 112.65 | 0.65 | 8.31 | | IM-17-204 | 325.00 | 327.20 | 2.20 | 9.05 | | IM-17-204 | 326.70 | 327.20 | 0.50 | 15.75 | | IM-17-204 | 338.60 | 339.30 | 0.70 | 20.20 | | IM-17-204 | 344.25 | 345.15 | 0.90 | 16.65 | | IM-17-204 | 380.00 | 383.10 | 3.10 | 3.10 | | INCLUDING | 381.95 | 382.60 | 0.65 | 12.40 | | IM-17-204 | 428.45 | 430.15 | 1.70 | 10.17 | | INCLUDING | 429.55 | 430.15 | 0.60 | 12.25 | | IM-17-209 | 137.15 | 138.25 | 1.10 | 4.59 | | INCLUDING | 137.70 | 138.25 | 0.55 | 5.57 | | IM-17-209 | 230.25 | 231.00 | 0.75 | 75.70 | | IM-17-209 | 254.05 | 254.55 | 0.50 | 21.60 | | IM-17-209 | 269.45 | 270.50 | 1.05 | 4.48 | | IM-17-209 | 276.40 | 278.25 | 1.85 | 11.80 | | IM-17-209 | 382.50 | 383.20 | 0.70 | 8.25 | | IM-17-213 | 98.10 | 98.75 | 0.65 | 34.30 | | IM-17-213 | 144.25 | 145.10 | 0.85 | 5.28 | | IM-17-213 | 189.20 | 190.15 | 0.95 | 14.40 | | IM-17-213 | 194.20 | 194.70 | 0.50 | 18.15 | | IM-17-213 | 370.15 | 371.45 | 1.30 | 27.70 | | INCLUDING | 370.80 | 371.45 | 0.65 | 42.80 | | IM-17-213 | 529.40 | 529.90 | 0.50 | 58.30 | | IM-17-213 | 543.85 | 544.70 | 0.85 | 5.54 | | IM-17-213 | 568.30 | 569.10 | 0.80 | 8.94 | | IM-17-213 | 574.45 | 575.60 | 1.15 | 9.98 | | IM-17-213 | 589.70 | 591.10 | 1.40 | 5.15 | | INCLUDING | 589.70 | 590.60 | 0.90 | 6.52 | | IM-17-213 | 597.35 | 597.85 | 0.50 | 28.90 | | IM-17-213 | 613.50 | 614.00 | 0.50 | 5.73 | | IM-17-213 | 619.25 | 619.80 | 0.55 | 5.09 | | IM-17-213 | 623.85 | 625.10 | 1.25 | 9.25 | | INCLUDING | 623.85 | 624.60 | 0.75 | 14.60 | | IM-17-215 | 286.30 | 288.15 | 1.85 | 6.36 | | INCLUDING | 287.20 | 288.15 | 0.95 | 10.65 | | IM-17-215 | 459.00 | 463.25 | 4.25 | 11.07 | | INCLUDING | 459.60 | 460.60 | 1.00 | 41.90 | | IM-17-215 | 485.00 | 492.35 | 7.35 | 4.00 | | INCLUDING | 491.75 | 492.35 | 0.60 | 32.80 | | IM-17-215 | 507.00 | 513.65 | 6.65 | 23.86 | | INCLUDING | 507.00 | 508.30 | 1.30 | 98.10 | | AND | 510.80 | 512.00 | 1.20 | 10.80 | | AND | 512.50 | 513.65 | 1.15 | 10.95 | | IM-17-215 | 523.00 | 523.50 | 0.50 | 10.90 | | IM-17-215 | 532.80 | 533.45 | 0.65 | 4.79 | | IM-17-215 | 560.80 | 564.10 | 3.30 | 6.77 | | INCLUDING | 560.80 | 561.70 | 0.90 | 7.51 | | AND | 563.40 | 564.10 | 0.70 | 20.50 | | IM-17-215 | 578.50 | 579.30 | 0.80 | 13.15 | | IM-17-215 | 610.55 | 611.60 | 1.05 | 9.49 | | IM-17-215 | 656.50 | 658.55 | 2.05 | 9.55 | | INCLUDING | 656.50 | 657.60 | 1.10 | 16.00 | | IM-17-215 | 665.70 | 670.15 | 4.45 | 4.55 | | INCLUDING | 665.70 | 666.60 | 0.90 | 6.40 | | AND | 668.50 | 669.10 | 0.60 | 18.20 | | IM-17-215 | 682.50 | 683.30 | 0.80 | 5.65 | | IM-17-215 | 736.80 | 738.65 | 1.85 | 23.48 | | INCLUDING | 736.80 | 737.45 | 0.65 | 60.20 | | AND | 737.45 | 738.10 | 0.65 | 5.21 | | IM-17-215 | 757.20 | 770.50 | 13.30 | 12.16 | | INCLUDING | 758.00 | 758.65 | 0.65 | 38.90 | | AND | 758.65 | 759.55 | 0.90 | 24.40 | | AND | 765.70 | 767.00 | 1.30 | 35.60 | | AND | 770.00 | 770.50 | 0.50 | 36.30 | | IM-17-216 | 287.00 | 287.50 | 0.50 | 6.07 | | IM-17-216 | 380.80 | 381.60 | 0.80 | 17.50 | | IM-17-216 | 556.00 | 557.00 | 1.00 | 44.50 | | IM-17-216 | 587.50 | 590.10 | 2.60 | 9.86 | | INCLUDING | 587.50 | 588.00 | 0.50 | 13.75 | | AND | 588.50 | 589.10 | 0.60 | 15.00 | | IM-17-216 | 639.50 | 640.00 | 0.50 | 11.30 | | IM-17-216 | 660.90 | 661.60 | 0.70 | 10.50 | | IM-17-216 | 713.90 | 715.30 | 1.40 | 3.24 | | IM-17-218 | 167.80 | 170.00 | 2.20 | 10.03 | | INCLUDING | 167.80 | 168.30 | 0.50 | 6.82 | | AND | 168.80 | 170.00 | 1.20 | 15.10 | | IM-17-218 | 172.40 | 173.30 | 0.90 | 51.20 | | IM-17-218 | 224.70 | 225.50 | 0.80 | 6.56 | | IM-17-218 | 335.10 | 336.20 | 1.10 | 23.20 | | IM-17-218 | 375.30 | 378.70 | 3.40 | 6.65 | | INCLUDING | 376.35 | 377.20 | 0.85 | 14.60 | | IM-17-218 | 438.80 | 439.30 | 0.50 | 58.90 | | IM-17-218 | 487.00 | 487.50 | 0.50 | 12.50 | | IM-17-221 | 117.50 | 121.40 | 3.90 | 16.14 | | INCLUDING | 117.50 | 119.00 | 1.50 | 20.70 | | AND | 119.00 | 120.10 | 1.10 | 29.00 | | AND | 120.80 | 121.40 | 0.60 | 11.50 | | IM-17-221 | 253.60 | 260.90 | 7.30 | 5.39 | | INCLUDING | 253.60 | 254.25 | 0.65 | 13.10 | | AND | 254.25 | 254.75 | 0.50 | 7.82 | | AND | 257.40 | 258.10 | 0.70 | 7.25 | | AND | 260.00 | 260.90 | 0.90 | 18.65 | | IM-17-225 | 138.45 | 139.00 | 0.55 | 11.40 | | IM-17-225 | 211.65 | 212.15 | 0.50 | 48.80 | | IM-17-225 | 232.60 | 233.10 | 0.50 | 6.53 | | IM-17-226 | 30.40 | 34.85 | 4.45 | 28.73 | | INCLUDING | 30.40 | 31.40 | 1.00 | 22.20 | | AND | 31.40 | 32.10 | 0.70 | 70.50 | | AND | 32.80 | 33.30 | 0.50 | 18.05 | | AND | 33.30 | 34.15 | 0.85 | 53.20 | | IM-17-226 | 248.60 | 249.30 | 0.70 | 5.00 | | IM-17-227 | 92.90 | 94.60 | 1.70 | 13.61 | | INCLUDING | 92.90 | 93.45 | 0.55 | 11.00 | | AND | 94.00 | 94.60 | 0.60 | 28.10 | | IM-17-227 | 99.00 | 100.50 | 1.50 | 8.41 | | IM-17-227 | 154.35 | 155.45 | 1.10 | 9.15 | | IM-17-227 | 194.50 | 195.90 | 1.40 | 7.59 | | IM-17-227 | 219.50 | 220.10 | 0.60 | 11.30 | | IM-17-227 | 270.40 | 273.00 | 2.60 | 3.05 | | INCLUDING | 271.80 | 273.00 | 1.20 | 4.96 | | IM-17-227 | 291.70 | 293.40 | 1.70 | 4.84 | | IM-17-228 | 58.40 | 63.70 | 5.30 | 4.17 | | INCLUDING | 58.40 | 59.70 | 1.30 | 7.60 | | AND | 60.40 | 61.10 | 0.70 | 9.04 | | IM-17-228 | 275.00 | 276.50 | 1.50 | 7.04 | | IM-17-229 | HOLE ABANDONED | | IM-17-230 | 79.10 | 79.60 | 0.50 | 9.45 | | IM-17-230 | 188.75 | 189.25 | 0.50 | 12.80 | | IM-17-230 | 233.00 | 233.50 | 0.50 | 44.50 | | IM-17-230 | 239.30 | 239.80 | 0.50 | 5.77 | | IM-17-230 | 247.80 | 252.10 | 4.30 | 5.22 | | INCLUDING | 250.60 | 252.10 | 1.50 | 10.25 | | IM-17-230 | 312.00 | 313.15 | 1.15 | 11.35 | | IM-17-230 | 366.50 | 369.75 | 3.25 | 5.73 | | INCLUDING | 366.50 | 367.00 | 0.50 | 33.80 | | IM-17-230 | 379.25 | 379.75 | 0.50 | 5.85 | | IM-17-231 | 32.80 | 37.90 | 5.10 | 24.76 | | INCLUDING | 33.70 | 34.70 | 1.00 | 49.90 | | AND | 34.70 | 35.75 | 1.05 | 61.30 | | IM-17-232 | 33.15 | 34.95 | 1.80 | 24.62 | | INCLUDING | 33.70 | 34.20 | 0.50 | 60.40 | | IM-17-232 | 124.50 | 126.00 | 1.50 | 4.07 | | IM-17-232 | 243.00 | 243.50 | 0.50 | 27.40 | | IM-17-233 | 65.80 | 67.00 | 1.20 | 11.95 | | IM-17-233 | 137.00 | 138.00 | 1.00 | 11.65 | | IM-17-233 | 162.90 | 163.40 | 0.50 | 12.55 | | IM-17-233 | 259.50 | 260.25 | 0.75 | 9.09 | | IM-17-233 | 263.00 | 264.00 | 1.00 | 10.30 | | IM-17-233 | 323.00 | 325.00 | 2.00 | 6.01 | | INCLUDING | 323.00 | 323.65 | 0.65 | 4.16 | | AND | 324.40 | 325.00 | 0.60 | 14.80 | | IM-17-234 | 9.50 | 10.50 | 1.00 | 7.79 | | IM-17-234 | 176.65 | 178.65 | 2.00 | 3.72 | | INCLUDING | 176.65 | 177.15 | 0.50 | 9.03 | | IM-17-234 | 292.85 | 293.90 | 1.05 | 16.40 | | IM-17-234 | 313.50 | 314.00 | 0.50 | 14.55 | | IM-17-235 | 114.75 | 115.80 | 1.05 | 4.98 | | IM-17-235 | 286.00 | 289.00 | 3.00 | 15.43 | | INCLUDING | 286.00 | 287.00 | 1.00 | 41.60 | | IM-17-236 | HOLE ABANDONED | | IM-17-237 | HOLE ABANDONED | | IM-17-238 | 50.10 | 50.60 | 0.50 | 79.40 | | IM-17-238 | 132.60 | 133.10 | 0.50 | 18.00 | | IM-17-238 | 148.90 | 149.50 | 0.60 | 65.10 |
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 | DIP | AZIMUTH | | IM-17-201 | -65.5 | 139.4 | | IM-17-204 | -46.4 | 135.6 | | IM-17-209 | -44.3 | 139.3 | | IM-17-213 | -64.4 | 137.3 | | IM-17-215 | -45.7 | 135.4 | | IM-17-216 | -64.9 | 138.0 | | IM-17-218 | -57.5 | 142.5 | | IM-17-221 | -45.0 | 135.4 | | IM-17-225 | -43.7 | 143.3 | | IM-17-226 | -63.5 | 143.7 | | IM-17-227 | -43.8 | 137.6 | | IM-17-228 | -65.5 | 137.0 | | IM-17-229 | -57.7 | 133.9 | | IM-17-230 | -46.8 | 138.4 | | IM-17-231 | -46.1 | 138.7 | | IM-17-232 | -64.8 | 139.0 | | IM-17-233 | -45.8 | 143.4 | | IM-17-234 | -44.8 | 135.0 | | IM-17-235 | -58.6 | 136.0 | | IM-17-238 | -44.8 | 142.1 | | | | |
A photo accompanying this announcement is available at
globenewswire.com
globenewswire.com
globenewswire.com
 
|
| | BGM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: howestreetbull | 3/20/2018 8:58:31 AM | | | | | | by @nasdaq on March 20, 2018
BGM Intersects 22.11 G/T Au Over 5.85 Meters at Valley Zone
TORONTO, March 20, 2018 (GLOBE NEWSWIRE) -- Barkerville Gold Mines Ltd. (TSXV:BGM) (the “Company” or “Barkerville”) is pleased to announce additional drilling results from the 2017 Valley Zone and Barkerville Mountain exploration and drilling programs at the Company’s flagship Cariboo Gold Project. 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
CM-17-078: 11.22 g/t Au over 8.25 metersCM-17-084: 22.11 g/t Au over 5.85 metersCM-17-096: 12.50 g/t Au over 8.00 metersCM-17-096: 2250 g/t Au over 0.50 metersBM-17-001: 9.60 g/t Au over 2.10 metersBM-17-008: 22.72 g/t Au over 1.50 metersThe Company is pleased to report vein mineralization expansion from the exploration drilling at Valley Zone. Drill hole CM-17-084 intersected 7.45 g/t Au over 6.70 meters at a vertical depth of 400 meters. Further down hole, CM-17-084 intersected 22.11 g/t Au over 5.85 meters demonstrating wide vein corridors in the Valley Zone.
Drillhole CM-17-096 intersected 12.50 g/t Au over 8.00 meters down dip of existing modelled veins, and 11.74 g/t Au over 5.15 meters further down hole. CM-17-096 also intersected a 0.5 m wide vein that assayed 2,250 g/t Au.
In addition to results at Valley Zone, the Company’s 4,000-meter Phase I exploration program on Barkerville Mountain yielded mineralized vein intersections of 9.60 g/t Au over 2.10 meters in BM-17-001 at a vertical depth of 180 meters. Drillhole BM-17-002 intersected 4.09 g/t Au over 4.25 meters located 70 meters down dip of BM-17-001. Drillhole BM-17-008 intersected mineralized quartz vein with 22.72 g/t Au over 1.50 meters at a vertical depth of 400 meters. These intersections are adjacent to the previously reported KL zone target area. These intersections remain untested along strike and at depth, holes in this area are at approximately 100 meter spacing and have analogous host lithology and mineralization to the veins present on Cow and Island Mountain. Further drilling is warranted in this area.
Corridors Discussion
Mineralized quartz veins at the Valley Zone on Cow Mountain are hosted within the sandstones and are an anastomosing network of high vein density with an overall sub-vertical dip and northeast strike. Recent modelling of vein corridors at Valley Zone proposes 17 mineralized vein corridors with an estimated horizontal width of 3 meters and a strike length of up to 300 meters. These corridors, have been defined from surface to a vertical depth of 600 meters and remain open for expansion to depth and down plunge. Drill hole spacing in the corridors currently averages 25 meters between drilling sections with vertical drilling separations ranging from 20 to 75 meters with hole spacing increasing at 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 Project Geologists, Kyle Orr and Felipe Castaneda. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, P.Geo. Vice President Exploration, is the Qualified Person for the Company and has prepared, validated and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration activities on the Cariboo Gold Project.
Quality Assurance – Quality Control
Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently stored on site at the Company’s secure facility in Wells, BC. Numbered security tags are applied to lab shipments for chain of custody requirements. The Company inserts quality control (QC) samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QAQC program was designed and approved by Lynda Bloom, P.Geo. of Analytical Solutions Ltd., and is overseen by the Company’s Qualified Person, Maggie Layman, P.Geo, Vice President Exploration.
Drill core samples are submitted to ALS Geochemistry’s analytical facility in North Vancouver, British Columbia for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed and 250 grams is pulverized. Analysis for gold is by 50g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 ppm and upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are re-analyzed using a 1,000g screen metallic fire assay. A selected number of samples are also analyzed using a 48 multi-elemental geochemical package by a 4-acid digestion, followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) and Inductively Coupled Plasma Mass Spectroscopy (ICP-MS).
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 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 from Valley Zone and Barkerville Mountain
| HOLE ID | | FROM (M) | TO (M) | CORE LENGTH (M) | AU (G/T) | | | CM-17-067 | | 95.70 | 96.20 | 0.50 | 20.80 | | | | | 264.80 | 265.30 | 0.50 | 89.10 | | | | | 297.30 | 297.80 | 0.50 | 9.97 | | | | | 341.60 | 342.10 | 0.50 | 4.58 | | | | | 362.00 | 363.30 | 1.30 | 18.85 | | | | | 382.60 | 384.65 | 2.05 | 7.32 | | | | INCLUDING | 382.60 | 383.20 | 0.60 | 15.05 | | | | | 490.00 | 490.75 | 0.75 | 12.90 | | | CM-17-068 | | 351.10 | 352.00 | 0.90 | 4.56 | | | | | 400.60 | 401.85 | 1.25 | 38.97 | | | | | 439.10 | 440.70 | 1.60 | 8.73 | | | | | 439.10 | 439.70 | 0.60 | 14.95 | | | | | 440.20 | 440.70 | 0.50 | 9.60 | | | | | 444.00 | 444.50 | 0.50 | 6.50 | | | | | 499.95 | 500.90 | 0.95 | 6.87 | | | | | 579.50 | 580.90 | 1.40 | 6.58 | | | | INCLUDING | 579.50 | 580.00 | 0.50 | 9.07 | | | | | 585.60 | 586.10 | 0.50 | 15.90 | | | CM-17-069 | | 148.90 | 149.40 | 0.50 | 7.26 | | | | | 197.00 | 197.60 | 0.60 | 8.84 | | | | | 333.20 | 333.80 | 0.60 | 7.70 | | | | | 364.50 | 365.35 | 0.85 | 5.75 | | | | | 375.70 | 377.70 | 2.00 | 3.84 | | | | | 454.80 | 455.30 | 0.50 | 7.92 | | | | | 471.00 | 471.50 | 0.50 | 4.30 | | | CM-17-070 | | 83.00 | 84.00 | 1.00 | 5.79 | | | | | 182.80 | 183.30 | 0.50 | 263.00 | | | | | 195.00 | 195.95 | 0.95 | 22.80 | | | | | 242.75 | 243.40 | 0.65 | 16.85 | | | | | 269.30 | 269.80 | 0.50 | 4.06 | | | | | 317.50 | 318.35 | 0.85 | 4.44 | | | | | 354.15 | 355.30 | 1.15 | 89.78 | | | | INCLUDING | 354.15 | 354.80 | 0.65 | 153.50 | | | CM-17-071 | | 155.50 | 156.50 | 1.00 | 9.46 | | | | | 168.30 | 168.80 | 0.50 | 7.50 | | | | | 173.00 | 173.55 | 0.55 | 6.73 | | | | | 208.00 | 208.50 | 0.50 | 19.10 | | | CM-17-072 | | 194.30 | 199.10 | 4.80 | 5.46 | | | | INCLUDING | 194.30 | 195.00 | 0.70 | 13.15 | | | HOLE ID | | FROM (M) | TO (M) | CORE LENGTH (M) | AU (G/T) | | | CM-17-072 | AND | 197.40 | 198.40 | 1.00 | 10.80 | | | | | 240.60 | 241.10 | 0.50 | 28.70 | | | | | 247.00 | 248.00 | 1.00 | 3.91 | | | | | 257.00 | 261.70 | 4.70 | 5.60 | | | | INCLUDING | 257.00 | 257.50 | 0.50 | 24.60 | | | | AND | 261.00 | 261.70 | 0.70 | 8.47 | | | | | 308.90 | 309.40 | 0.50 | 6.33 | | | | | 339.25 | 340.00 | 0.75 | 5.41 | | | | | 341.50 | 342.00 | 0.50 | 20.40 | | | | | 407.65 | 408.70 | 1.05 | 5.30 | | | | | 510.40 | 511.00 | 0.60 | 16.10 | | | | | 512.25 | 513.00 | 0.75 | 9.00 | | | | | 644.70 | 646.00 | 1.30 | 4.91 | | | CM-17-073 | | 122.15 | 122.65 | 0.50 | 9.06 | | | | | 212.80 | 213.30 | 0.50 | 28.30 | | | | | 223.45 | 224.00 | 0.55 | 13.10 | | | | | 225.50 | 226.00 | 0.50 | 47.40 | | | | | 239.55 | 240.60 | 1.05 | 6.99 | | | | INCLUDING | 240.05 | 240.60 | 0.55 | 9.84 | | | | | 356.50 | 357.10 | 0.60 | 4.34 | | | | | 411.85 | 419.25 | 7.40 | 5.84 | | | | INCLUDING | 411.85 | 412.95 | 1.10 | 20.50 | | | | | 501.65 | 503.50 | 1.85 | 5.14 | | | | | 575.60 | 576.20 | 0.60 | 5.92 | | | | | 645.40 | 646.00 | 0.60 | 6.98 | | | CM-17-074 | | 98.40 | 100.00 | 1.60 | 19.80 | | | | INCLUDING | 98.40 | 99.00 | 0.60 | 6.95 | | | | AND | 99.50 | 100.00 | 0.50 | 52.40 | | | | | 133.60 | 134.20 | 0.60 | 9.73 | | | | | 200.90 | 201.40 | 0.50 | 9.64 | | | | | 208.45 | 212.10 | 3.65 | 5.73 | | | | | 208.45 | 209.35 | 0.90 | 15.90 | | | | | 211.35 | 212.10 | 0.75 | 6.98 | | | | | 305.00 | 305.50 | 0.50 | 5.46 | | | | | 354.05 | 354.55 | 0.50 | 5.81 | | | | | 423.50 | 424.15 | 0.65 | 9.10 | | | | | 451.45 | 452.30 | 0.85 | 8.11 | | | CM-17-075 | | 29.35 | 29.85 | 0.50 | 4.71 | | | | | 83.50 | 84.00 | 0.50 | 9.16 | | | | | 93.35 | 100.00 | 6.65 | 8.57 | | | | INCLUDING | 98.50 | 100.00 | 1.50 | 32.80 | | | HOLE ID | | FROM (M) | TO (M) | CORE LENGTH (M) | AU (G/T) | | | CM-17-075 | | 195.50 | 196.10 | 0.60 | 10.75 | | | | | 203.50 | 204.05 | 0.55 | 7.41 | | | | | 260.50 | 261.00 | 0.50 | 15.10 | | | CM-17-076 | | 85.50 | 86.00 | 0.50 | 26.40 | | | | | 133.00 | 133.50 | 0.50 | 11.05 | | | | | 209.00 | 209.50 | 0.50 | 7.16 | | | | | 220.00 | 220.50 | 0.50 | 26.20 | | | | | 230.00 | 231.50 | 1.50 | 4.22 | | | CM-17-077 | | 97.00 | 97.50 | 0.50 | 9.05 | | | CM-17-078 | | 116.45 | 116.95 | 0.50 | 17.10 | | | | | 146.35 | 146.95 | 0.60 | 4.18 | | | | | 173.70 | 174.20 | 0.50 | 18.75 | | | | | 216.55 | 217.05 | 0.50 | 14.55 | | | | | 226.50 | 227.25 | 0.75 | 20.40 | | | | | 229.40 | 230.00 | 0.60 | 21.20 | | | | | 232.15 | 233.85 | 1.70 | 16.34 | | | | INCLUDING | 233.35 | 233.85 | 0.50 | 26.90 | | | | | 238.00 | 239.00 | 1.00 | 5.44 | | | | | 259.90 | 260.40 | 0.50 | 26.70 | | | | | 300.15 | 300.65 | 0.50 | 40.80 | | | | | 308.25 | 316.50 | 8.25 | 11.22 | | | | INCLUDING | 308.85 | 309.65 | 0.80 | 22.30 | | | | AND | 310.65 | 311.35 | 0.70 | 84.10 | | | | AND | 314.80 | 315.30 | 0.50 | 12.25 | | | | | 330.40 | 330.90 | 0.50 | 7.74 | | | | | 335.00 | 335.50 | 0.50 | 40.50 | | | | | 350.00 | 353.00 | 3.00 | 11.53 | | | | INCLUDING | 350.00 | 350.50 | 0.50 | 25.80 | | | | AND | 350.50 | 351.05 | 0.55 | 17.15 | | | CM-17-079 | | 317.00 | 317.70 | 0.70 | 7.37 | | | CM-17-080 | ABANDONDED | | | | | | | CM-17-081 | | 87.35 | 89.10 | 1.75 | 10.40 | | | | INCLUDING | 87.35 | 88.10 | 0.75 | 13.75 | | | | AND | 88.60 | 89.10 | 0.50 | 15.70 | | | | | 101.80 | 102.40 | 0.60 | 34.50 | | | | | 220.60 | 221.60 | 1.00 | 19.55 | | | CM-17-082 | | 146.25 | 146.75 | 0.50 | 9.34 | | | | | 152.00 | 152.60 | 0.60 | 23.20 | | | | | 168.75 | 171.65 | 2.90 | 5.32 | | | | INCLUDING | 168.75 | 169.80 | 1.05 | 11.50 | | | | | 181.15 | 181.70 | 0.55 | 4.69 | | | HOLE ID | | FROM (M) | TO (M) | CORE LENGTH (M) | AU (G/T) | | | CM-17-082 | | 184.45 | 186.00 | 1.55 | 16.10 | | | | INCLUDING | 184.45 | 185.15 | 0.70 | 30.40 | | | | | 205.60 | 206.15 | 0.55 | 4.62 | | | | | 218.00 | 218.50 | 0.50 | 14.40 | | | | | 221.00 | 221.65 | 0.65 | 34.80 | | | | | 223.65 | 225.55 | 1.90 | 12.19 | | | | INCLUDING | 224.95 | 225.55 | 0.60 | 28.30 | | | | | 232.85 | 233.45 | 0.60 | 24.20 | | | | | 352.50 | 353.00 | 0.50 | 5.50 | | | | | 469.75 | 471.00 | 1.25 | 7.56 | | | | | 540.00 | 540.80 | 0.80 | 11.15 | | | CM-17-083 | ABANDONED | | | | | | | CM-17-084 | | 331.10 | 331.85 | 0.75 | 14.30 | | | | | 453.20 | 454.60 | 1.40 | 12.09 | | | | INCLUDING | 453.20 | 453.75 | 0.55 | 20.80 | | | | | 458.20 | 459.05 | 0.85 | 11.70 | | | | | 463.35 | 470.05 | 6.70 | 7.45 | | | | INCLUDING | 465.35 | 465.85 | 0.50 | 27.70 | | | | AND | 467.55 | 468.45 | 0.90 | 15.40 | | | | | 475.50 | 476.00 | 0.50 | 6.72 | | | | | 480.35 | 481.05 | 0.70 | 67.70 | | | | | 485.15 | 491.00 | 5.85 | 22.11 | | | | INCLUDING | 485.15 | 485.70 | 0.55 | 40.90 | | | | AND | 488.00 | 488.50 | 0.50 | 83.40 | | | | AND | 489.50 | 490.25 | 0.75 | 20.60 | | | | | 502.25 | 502.75 | 0.50 | 12.85 | | | CM-17-085 | | 57.00 | 58.15 | 1.15 | 23.00 | | | | | 134.00 | 134.70 | 0.70 | 12.55 | | | | | 136.90 | 137.40 | 0.50 | 12.85 | | | | | 248.15 | 249.00 | 0.85 | 4.10 | | | | | 452.10 | 452.60 | 0.50 | 4.87 | | | | | 564.40 | 564.90 | 0.50 | 4.20 | | | CM-17-086 | NO SIGNIFICANT ASSAYS | | | | | | CM-17-087 | | 112.30 | 112.80 | 0.50 | 57.70 | | | | | 119.20 | 120.30 | 1.10 | 20.48 | | | | INCLUDING | 119.80 | 120.30 | 0.50 | 28.50 | | | | | 227.70 | 229.30 | 1.60 | 5.10 | | | | | 259.40 | 260.90 | 1.50 | 13.35 | | | | | 264.50 | 265.00 | 0.50 | 5.07 | | | | | 274.80 | 275.70 | 0.90 | 4.65 | | | | | 277.80 | 278.30 | 0.50 | 6.42 | | | HOLE ID | | FROM (M) | TO (M) | CORE LENGTH (M) | AU (G/T) | | | CM-17-087 | | 287.60 | 288.70 | 1.10 | 6.27 | | | CM-17-088 | | 151.05 | 152.65 | 1.60 | 6.41 | | | | INCLUDING | 152.00 | 152.65 | 0.65 | 10.70 | | | | | 192.65 | 193.25 | 0.60 | 4.48 | | | | | 250.00 | 250.50 | 0.50 | 12.55 | | | | | 261.85 | 262.35 | 0.50 | 12.45 | | | | | 269.80 | 270.70 | 0.90 | 10.65 | | | | | 279.85 | 280.35 | 0.50 | 5.03 | | | | | 285.30 | 290.00 | 4.70 | 17.67 | | | | INCLUDING | 285.85 | 286.40 | 0.55 | 37.00 | | | | AND | 287.70 | 288.85 | 1.15 | 29.50 | | | | | 300.10 | 301.75 | 1.65 | 9.19 | | | | | 308.15 | 311.50 | 3.35 | 13.76 | | | | INCLUDING | 308.15 | 308.80 | 0.65 | 42.30 | | | | AND | 310.00 | 310.50 | 0.50 | 19.50 | | | | AND | 311.00 | 311.50 | 0.50 | 14.35 | | | | | 330.00 | 330.50 | 0.50 | 6.66 | | | | | 331.10 | 331.60 | 0.50 | 7.06 | | | | | 432.15 | 432.65 | 0.50 | 104.00 | | | | | 433.30 | 433.90 | 0.60 | 9.69 | | | | | 463.10 | 463.60 | 0.50 | 30.40 | | | CM-17-089 | | 106.30 | 107.80 | 1.50 | 17.05 | | | | INCLUDING | 106.80 | 107.80 | 1.00 | 23.10 | | | | | 170.30 | 170.80 | 0.50 | 10.55 | | | | | 180.65 | 182.00 | 1.35 | 4.43 | | | | | 307.60 | 308.30 | 0.70 | 46.80 | | | | | 320.50 | 321.00 | 0.50 | 8.20 | | | | | 347.00 | 347.50 | 0.50 | 6.18 | | | | | 391.50 | 392.00 | 0.50 | 9.97 | | | | | 404.00 | 404.60 | 0.60 | 25.50 | | | | | 435.00 | 435.85 | 0.85 | 9.73 | | | | | 445.70 | 447.55 | 1.85 | 4.53 | | | | | 452.40 | 456.40 | 4.00 | 8.36 | | | | INCLUDING | 454.75 | 455.30 | 0.55 | 15.60 | | | | AND | 455.90 | 456.40 | 0.50 | 10.70 | | | | | 620.70 | 621.50 | 0.80 | 19.05 | | | CM-17-090 | ABANDONED | | | | | | | CM-17-091 | | 200.70 | 201.25 | 0.55 | 16.10 | | | | | 231.70 | 234.60 | 2.90 | 14.25 | | | | INCLUDING | 233.25 | 234.00 | 0.75 | 34.30 | | | | AND | 234.00 | 234.60 | 0.60 | 20.60 | | | HOLE ID | | FROM (M) | TO (M) | CORE LENGTH (M) | AU (G/T) | | | CM-17-091 | | 259.25 | 260.85 | 1.60 | 24.38 | | | | INCLUDING | 259.25 | 260.20 | 0.95 | 29.50 | | | | | 401.00 | 401.55 | 0.55 | 7.95 | | | | | 449.20 | 450.00 | 0.80 | 7.03 | | | | | 489.00 | 489.55 | 0.55 | 16.40 | | | CM-17-092 | NO SIGNIFICANT ASSAYS | | | | | | CM-17-093 | | 23.20 | 23.75 | 0.55 | 49.20 | | | | | 33.45 | 34.20 | 0.75 | 10.45 | | | | | 169.70 | 170.50 | 0.80 | 7.96 | | | | | 185.60 | 186.10 | 0.50 | 8.37 | | | | | 187.80 | 188.50 | 0.70 | 12.85 | | | | | 209.55 | 210.05 | 0.50 | 4.42 | | | | | 213.50 | 214.15 | 0.65 | 34.90 | | | | | 249.45 | 250.00 | 0.55 | 17.20 | | | | | 281.15 | 281.85 | 0.70 | 5.30 | | | | | 343.90 | 345.00 | 1.10 | 5.12 | | | | | 437.45 | 438.55 | 1.10 | 4.54 | | | | | 441.30 | 442.00 | 0.70 | 4.28 | | | | | 457.05 | 458.10 | 1.05 | 5.51 | | | CM-17-094 | | 101.40 | 102.30 | 0.90 | 21.70 | | | CM-17-095 | | 412.45 | 413.25 | 0.80 | 27.60 | | | | | 415.35 | 416.40 | 1.05 | 4.89 | | | CM-17-096 | | 70.30 | 71.00 | 0.70 | 12.55 | | | | | 74.30 | 74.80 | 0.50 | 26.00 | | | | | 223.50 | 224.05 | 0.55 | 5.43 | | | | | 236.30 | 236.80 | 0.50 | 4.63 | | | | | 285.50 | 286.80 | 1.30 | 10.55 | | | | | 355.00 | 363.00 | 8.00 | 12.50 | | | | INCLUDING | 357.00 | 357.55 | 0.55 | 27.60 | | | | AND | 361.50 | 363.00 | 1.50 | 50.30 | | | | | 384.85 | 390.00 | 5.15 | 11.74 | | | | INCLUDING | 384.85 | 385.40 | 0.55 | 45.40 | | | | AND | 386.85 | 387.35 | 0.50 | 28.90 | | | | | 477.00 | 478.00 | 1.00 | 8.20 | | | | INCLUDING | 477.00 | 477.50 | 0.50 | 12.90 | | | | | 489.25 | 490.50 | 1.25 | 6.84 | | | | | 531.05 | 533.00 | 1.95 | 12.88 | | | | INCLUDING | 531.05 | 531.55 | 0.50 | 13.30 | | | | AND | 532.05 | 533.00 | 0.95 | 18.80 | | | | | 548.00 | 549.25 | 1.25 | 11.15 | | | | | 572.20 | 572.70 | 0.50 | 12.60 | | | HOLE ID | | FROM (M) | TO (M) | CORE LENGTH (M) | AU (G/T) | | | CM-17-096 | | 579.50 | 580.00 | 0.50 | 8.52 | | | | | 581.85 | 582.35 | 0.50 | 8.99 | | | | | 623.15 | 623.65 | 0.50 | 2250.00 | | | | | 626.30 | 626.80 | 0.50 | 26.00 | | | CM-17-097 | | 77.00 | 77.70 | 0.70 | 13.85 | | | | | 92.95 | 93.80 | 0.85 | 5.21 | | | | | 221.30 | 221.80 | 0.50 | 6.53 | | | | | 257.45 | 258.05 | 0.60 | 8.73 | | | | | 318.15 | 318.65 | 0.50 | 7.42 | | | | | 351.85 | 353.25 | 1.40 | 7.65 | | | | INCLUDING | 352.65 | 353.25 | 0.60 | 9.84 | | | | | 384.25 | 384.75 | 0.50 | 5.98 | | | | | 410.00 | 410.50 | 0.50 | 6.59 | | | | | 435.80 | 436.30 | 0.50 | 11.70 | | | BM-17-001 | | 78.10 | 82.80 | 4.70 | 2.96 | | | | INCLUDING | 80.40 | 80.90 | 0.50 | 11.40 | | | | | 90.45 | 91.00 | 0.55 | 6.61 | | | | | 105.00 | 105.50 | 0.50 | 9.84 | | | | | 162.40 | 162.90 | 0.50 | 6.82 | | | | | 172.10 | 172.75 | 0.65 | 9.36 | | | | | 268.90 | 271.00 | 2.10 | 9.60 | | | | INCLUDING | 268.90 | 269.85 | 0.95 | 18.30 | | | | | 580.60 | 581.25 | 0.65 | 4.54 | | | BM-17-002 | | 199.15 | 199.65 | 0.50 | 7.72 | | | | | 288.50 | 289.00 | 0.50 | 7.91 | | | | | 328.30 | 332.55 | 4.25 | 4.09 | | | | INCLUDING | 330.00 | 331.30 | 1.30 | 7.01 | | | BM-17-003 | | 380.05 | 380.65 | 0.60 | 13.30 | | | | | 495.60 | 496.65 | 1.05 | 39.60 | | | BM-17-004 | NO SIGNIFICANT ASSAYS | | | | | | BM-17-005 | | 319.30 | 319.85 | 0.55 | 51.60 | | | | | 326.35 | 326.85 | 0.50 | 6.86 | | | | | 344.00 | 345.25 | 1.25 | 16.11 | | | | INCLUDING | 344.75 | 345.25 | 0.50 | 29.80 | | | | | 371.10 | 371.60 | 0.50 | 21.80 | | | BM-17-006 | | 191.30 | 192.00 | 0.70 | 12.00 | | | | | 229.10 | 229.60 | 0.50 | 6.97 | | | BM-17-007 | | 56.40 | 57.20 | 0.80 | 5.82 | | | | | 239.20 | 239.85 | 0.65 | 15.90 | | | BM-17-008 | | 169.40 | 170.00 | 0.60 | 4.40 | | | | | 332.25 | 332.90 | 0.65 | 4.39 | | | HOLE ID | | FROM (M) | TO (M) | CORE LENGTH (M) | AU (G/T) | | | BM-17-008 | | 335.15 | 335.80 | 0.65 | 9.85 | | | | | 338.50 | 341.20 | 2.70 | 4.21 | | | | INCLUDING | 340.60 | 341.20 | 0.60 | 7.15 | | | | | 481.00 | 482.30 | 1.30 | 11.25 | | | | INCLUDING | 481.50 | 482.30 | 0.80 | 13.40 | | | | | 488.85 | 490.35 | 1.50 | 22.72 | | | | INCLUDING | 489.35 | 490.35 | 1.00 | 26.30 | | | | | 494.35 | 495.45 | 1.10 | 6.04 | | | | | 513.00 | 513.65 | 0.65 | 56.10 | | | | | 518.50 | 519.30 | 0.80 | 6.94 | | | | | | | | | |
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 | | | CM-17-067 | 308 | -60 | | | CM-17-068 | 313 | -45.4 | | | CM-17-069 | 307 | -56.5 | | | CM-17-070 | 140 | -55 | | | CM-17-071 | 313 | -41.6 | | | CM-17-072 | 311 | -59.3 | | | CM-17-073 | 318 | -46.2 | | | CM-17-074 | 140 | -60 | | | CM-17-075 | 312 | -54.5 | | | CM-17-076 | 140 | -41.5 | | | CM-17-077 | 140 | -54.3 | | | CM-17-078 | 310 | -45 | | | CM-17-079 | 310 | -55 | | | CM-17-080 | 315 | -55 | | | CM-17-081 | 315 | -55 | | | CM-17-082 | 310 | -44 | | | CM-17-083 | 310 | -45 | | | CM-17-084 | 310 | -55 | | | CM-17-085 | 310 | -54.1 | | | CM-17-086 | 303 | -60.7 | | | CM-17-087 | 314 | -62.7 | | | CM-17-088 | 310 | -48 | | | CM-17-089 | 317 | -53 | | | CM-17-090 | 310 | -45 | | | HOLE ID | AZIMUTH | DIP | | | CM-17-091 | 313 | -60.8 | | | CM-17-093 | 313 | -44.3 | | | CM-17-094 | 310 | -57.2 | | | CM-17-095 | 310 | -45 | | | CM-17-096 | 308 | -50.5 | | | CM-17-097 | 310 | -55 | | | BM-17-001 | 136 | -44.8 | | | BM-17-002 | 141 | -44.9 | | | BM-17-003 | 139 | -45.2 | | | BM-17-004 | 139 | -44.9 | | | BM-17-005 | 139 | -45.1 | | | BM-17-006 | 110 | -44.7 | | | BM-17-007 | 110 | -46.3 | | | BM-17-008 | 112 | -43.9 | |
Photos accompanying this announcement are available at:
globenewswire.com
globenewswire.com
globenewswire.com
globenewswire.com
|
| | BGM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: howestreetbull | 4/5/2018 8:03:12 AM | | | | | | by @newswire on April 4, 2018
BGM Intersects 48.17 G/t Au Over 9.95 Meters on Island Mountain
VALLEY ZONE INTERSECTION OF 12.22 G/T AU OVER 11.40 METERS
TORONTO, April 4, 2018 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce final drilling results from the 160,000-meter 2017 Island Mountain and Valley Zone and exploration and drilling programs at the Company's flagship Cariboo Gold Project. 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. The company currently has 7 drill rigs exploring and delineating mineralized vein corridors on Island Mountain.
Drilling Highlights
IM-17-240: 28.99 g/t Au over 2.70 metersIM-17-241: 8.25 g/t Au over 7.50 metersIM-17-242: 8.30 g/t Au over 10.75 metersIM-17-247: 13.09 g/t Au over 4.25 metersIM-17-249: 48.17 g/t Au over 9.95 metersIM-17-251: 33.22 g/t Au over 2.50 metersIM-17-251: 9.15 g/t Au over 7.05 metersCM-17-098: 11.09 g/t Au over 4.90 metersCM-17-101: 13.45 g/t Au over 7.80 metersCM-17-106: 12.22 g/t Au over 11.40 meters
Vein Zone Continuity on Island Mountain and Valley Zone
Continuity and extensions of mineralized vein corridors on Island Mountain and in the Valley Zone is demonstrated from recent results. Island Mountain Shaft Zone hole IM-17-249 intersected 48.17 g/t Au over 9.95 meters, 45 meters down dip from previous reported hole IM-17-151 which assayed 72.23 g/t Au over 12.05 meters. Valley Zone hole CM-17-106 intersected 12.22 g/t Au over 11.40 meters, 40 meters down dip of a modelled vein corridor and 40 meters up dip from previously reported hole CM-17-096 which intersected 12.50 g/t Au over 8.00 meters and 11.74 g/t Au over 5.15 meters further down hole.
Corridors Discussion
Mineralized quartz veins on the Cariboo Gold Project are hosted within the sandstones and are an anastomosing network of high vein density with an overall sub-vertical dip and northeast strike. Recent modelling of the vein corridors Island Mountain proposes 50 mineralized vein corridors at Shaft Zone and 17 mineralized vein corridors at Valley Zone. These vein corridors have estimated horizontal width of 3 meters and a strike length of up to 300 meters. These corridors have been defined from surface to a vertical depth of 600 meters and remain open for expansion at depth and down plunge. Drill hole spacing in the corridors currently averages 25 meters between drilling sections with vertical drilling separations ranging from 20 to 75 meters with hole spacing increasing at 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 Project Geologists, Kyle Orr and Felipe Castaneda. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, P.Geo. Vice President Exploration, is the Qualified Person for the Company and has prepared, validated and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting and reporting its exploration activities on the Cariboo Gold Project.
Quality Assurance – Quality Control
Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently stored on site at the Company's secure facility in Wells, BC. Numbered security tags are applied to lab shipments for chain of custody requirements. The Company inserts quality control (QC) samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QAQC program was designed and approved by Lynda Bloom, P.Geo. of Analytical Solutions Ltd., and is overseen by the Company's Qualified Person, Maggie Layman, P.Geo, Vice President Exploration.
Drill core samples are submitted to ALS Geochemistry's analytical facility in North Vancouver, British Columbia for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed and 250 grams is pulverized. Analysis for gold is by 50g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 ppm and upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are re-analyzed using a 1,000g screen metallic fire assay. A selected number of samples are also analyzed using a 48 multi-elemental geochemical package by a 4-acid digestion, followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) and Inductively Coupled Plasma Mass Spectroscopy (ICP-MS).
About Barkerville Gold Mines Ltd.
The Company is focused on developing its extensive 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 from Island Mountain and Valley Zone
HOLE ID
|
| FROM
| TO
| CORE LENGTH (M)
| AU (G/T)
| IM-17-239
|
| 111.35
| 111.85
| 0.50
| 5.78
|
|
| 138.35
| 138.85
| 0.50
| 27.10
| IM-17-240
|
| 7.30
| 7.80
| 0.50
| 11.25
|
|
| 24.90
| 27.20
| 2.30
| 5.81
|
|
| 259.75
| 261.05
| 1.30
| 13.01
|
| INCLUDING
| 259.75
| 260.55
| 0.80
| 18.60
|
|
| 267.40
| 267.90
| 0.50
| 7.72
|
|
| 347.30
| 350.00
| 2.70
| 28.99
|
| INCLUDING
| 348.55
| 350.00
| 1.45
| 38.20
| IM-17-241
|
| 39.35
| 41.00
| 1.65
| 15.83
|
| INCLUDING
| 40.20
| 41.00
| 0.80
| 19.80
|
|
| 113.25
| 120.75
| 7.50
| 8.25
|
| INCLUDING
| 118.00
| 118.50
| 0.50
| 61.60
|
| AND
| 118.50
| 119.40
| 0.90
| 15.05
|
| AND
| 120.25
| 120.75
| 0.50
| 17.20
|
|
| 315.00
| 316.00
| 1.00
| 12.30
| IM-17-242
|
| 62.80
| 63.50
| 0.70
| 7.40
|
|
| 77.00
| 87.75
| 10.75
| 8.30
|
| INCLUDING
| 77.50
| 79.00
| 1.50
| 12.70
|
| AND
| 79.00
| 80.00
| 1.00
| 26.70
|
| AND
| 84.00
| 85.00
| 1.00
| 11.10
|
| AND
| 87.00
| 87.75
| 0.75
| 11.35
|
|
| 91.85
| 94.10
| 2.25
| 13.92
|
| INCLUDING
| 91.85
| 93.00
| 1.15
| 24.50
|
|
| 122.20
| 123.05
| 0.85
| 6.94
| IM-17-243
|
| 85.10
| 86.00
| 0.90
| 6.56
|
|
| 129.00
| 130.15
| 1.15
| 16.60
|
|
| 160.30
| 161.80
| 1.50
| 5.03
|
|
| 451.00
| 452.50
| 1.50
| 4.68
| IM-17-244
|
| 24.00
| 25.00
| 1.00
| 5.24
|
|
| 166.50
| 167.20
| 0.70
| 4.31
| IM-17-245
|
| 363.25
| 364.30
| 1.05
| 4.69
| IM-17-246
|
| 17.45
| 18.05
| 0.60
| 8.47
|
|
| 303.00
| 303.50
| 0.50
| 7.19
| IM-17-247
|
| 51.90
| 55.50
| 3.60
| 13.01
|
| INCLUDING
| 51.90
| 52.60
| 0.70
| 39.00
|
| AND
| 54.30
| 55.00
| 0.70
| 20.80
|
| AND
| 55.00
| 55.50
| 0.50
| 6.01
|
|
| 211.90
| 212.40
| 0.50
| 9.93
|
|
| 295.00
| 295.50
| 0.50
| 8.71
|
|
| 311.00
| 315.25
| 4.25
| 13.09
|
| INCLUDING
| 311.00
| 311.60
| 0.60
| 8.99
|
| AND
| 312.60
| 313.10
| 0.50
| 19.60
|
| AND
| 313.75
| 314.25
| 0.50
| 26.60
|
| AND
| 314.75
| 315.25
| 0.50
| 24.10
|
|
| 321.50
| 322.00
| 0.50
| 4.99
| IM-17-248
|
| 141.35
| 142.65
| 1.30
| 9.44
|
|
| 141.95
| 142.65
| 0.70
| 11.45
|
|
| 185.25
| 185.75
| 0.50
| 4.38
| IM-17-249
|
| 274.05
| 274.55
| 0.50
| 5.98
|
|
| 356.55
| 357.05
| 0.50
| 8.34
|
|
| 386.55
| 394.55
| 8.00
| 6.46
|
| INCLUDING
| 386.55
| 387.35
| 0.80
| 5.57
|
| AND
| 390.00
| 391.00
| 1.00
| 15.50
|
| AND
| 392.60
| 393.55
| 0.95
| 10.05
|
| AND
| 393.55
| 394.05
| 0.50
| 13.05
|
| AND
| 394.05
| 394.55
| 0.50
| 23.50
|
|
| 429.00
| 430.00
| 1.00
| 6.90
|
|
| 434.75
| 435.95
| 1.20
| 6.55
|
| INCLUDING
| 434.75
| 435.25
| 0.50
| 11.30
|
|
| 486.40
| 488.90
| 2.50
| 5.95
|
| INCLUDING
| 488.25
| 488.90
| 0.65
| 11.55
|
|
| 524.65
| 525.15
| 0.50
| 17.90
|
|
| 538.50
| 548.45
| 9.95
| 48.17
|
| INCLUDING
| 539.00
| 539.60
| 0.60
| 29.70
|
| AND
| 541.40
| 541.90
| 0.50
| 159.50
|
| AND
| 543.65
| 544.40
| 0.75
| 417.00
|
| AND
| 546.00
| 547.00
| 1.00
| 24.80
|
|
| 562.85
| 563.35
| 0.50
| 5.69
|
|
| 574.65
| 576.70
| 2.05
| 24.96
|
| INCLUDING
| 575.15
| 575.75
| 0.60
| 49.10
|
|
| 695.95
| 696.85
| 0.90
| 8.94
|
|
| 707.00
| 707.50
| 0.50
| 4.57
| IM-17-250
|
| 135.00
| 135.50
| 0.50
| 4.08
|
|
| 144.60
| 145.70
| 1.10
| 5.51
|
|
| 153.50
| 154.00
| 0.50
| 11.55
|
|
| 375.50
| 376.70
| 1.20
| 10.20
|
|
| 381.00
| 381.60
| 0.60
| 7.37
| IM-17-251
|
| 80.50
| 83.00
| 2.50
| 33.22
|
| INCLUDING
| 80.50
| 81.00
| 0.50
| 36.30
|
| AND
| 81.90
| 83.00
| 1.10
| 59.00
|
|
| 87.50
| 88.05
| 0.55
| 68.90
|
|
| 92.25
| 99.30
| 7.05
| 9.15
|
| INCLUDING
| 93.00
| 93.90
| 0.90
| 19.55
|
| AND
| 93.90
| 94.40
| 0.50
| 54.50
|
| AND
| 97.00
| 98.00
| 1.00
| 5.66
|
| AND
| 98.70
| 99.30
| 0.60
| 16.45
|
|
| 203.50
| 204.00
| 0.50
| 11.00
|
|
| 399.00
| 402.40
| 3.40
| 12.30
|
| INCLUDING
| 399.60
| 400.10
| 0.50
| 32.90
|
| AND
| 401.30
| 402.40
| 1.10
| 15.40
|
|
| 418.00
| 421.00
| 3.00
| 6.77
|
| INCLUDING
| 420.50
| 421.00
| 0.50
| 30.10
| IM-17-252
| ABANDONED
|
|
|
|
| IM-17-253
| ABANDONED
|
|
|
|
| [td nowrap="nowrap" class="prngen3" style="border-width: 0pt; border-style: ini
| | BGM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| To: howestreetbull who wrote (108) | 4/11/2018 8:35:04 AM | | From: howestreetbull | | | | by @nasdaq on April 11, 2018
BGM Intersects 24.16 g/t Au Over 14.55 Meters on Island Mountain
TORONTO, April 11, 2018 (GLOBE NEWSWIRE) -- Barkerville Gold Mines Ltd. (TSXV:BGM) (the “Company” or “Barkerville”) is pleased to announce drilling results from the 50,000-meter 2018 Island Mountain exploration and delineation programs at the Company’s flagship Cariboo Gold Project. Detailed drilling results, a drill hole location plan map and vertical sections are presented at the end of this release. True widths are estimated to be 50 to 75% of reported core length intervals. The Company currently has seven drill rigs exploring and delineating mineralized vein corridors on Island Mountain. An eighth drill rig is exploring regional targets 6 km south east of Barkerville Mountain.
Drilling Highlights
IM-18-001: 101.98 g/t Au over 2.15 metersIM-18-001: 7.65 g/t Au over 10.60 metersIM-18-005: 14.69 g/t Au over 15.80 metersIM-18-006: 10.87 g/t Au over 6.00 metersIM-18-006: 24.16 g/t Au over 14.55 metersIM-18-009: 52.65 g/t Au over 2.50 metersIM-18-010: 19.64 g/t Au over 3.85 metersIM-18-019: 11.35 g/t Au over 6.30 metersIM-18-022: 34.57 g/t Au over 4.20 metersVein Zone Continuity on Island Mountain
The 2018 drill program at Island Mountain is designed to infill and expand known vein corridors on the property. Continuity and extensions of mineralized vein corridors on Island Mountain is demonstrated from recent results. Island Mountain hole IM-18-006 intersected 24.16 g/t Au over 14.55 meters, 140 meters up dip of IM-18-019 that assayed 11.35 g/t Au over 6.30 meters. These intercepts are within and adjacent to modelled vein corridors. IM-18-005 intersected 14.69 g/t Au over 15.80 meters, 35 meters up dip from a modelled vein corridor and IM-18-010 that assayed 19.64 g/t Au over 3.85 meters.
Corridors Discussion
Mineralized quartz veins on the Cariboo Gold Project are hosted within the sandstones and are an anastomosing network of high vein density with an overall sub-vertical dip and northeast strike. Recent modelling of the vein corridors Island Mountain proposes 64 mineralized vein corridors. These vein corridors have estimated horizontal width of 3 meters and a strike length of up to 300 meters. These corridors have been defined from surface to a vertical depth of 600 meters and remain open for expansion at depth and down plunge. Drill hole spacing in the corridors currently averages 25 meters between drilling sections with vertical drilling separations ranging from 20 to 75 meters with hole spacing increasing at 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 Project Geologists, Kyle Orr and Felipe Castaneda. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, P.Geo. Vice President Exploration, is the Qualified Person for the Company and has prepared, validated and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration activities on the Cariboo Gold Project.
Quality Assurance – Quality Control
Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently stored on site at the Company’s secure facility in Wells, BC. Numbered security tags are applied to lab shipments for chain of custody requirements. The Company inserts quality control (QC) samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QAQC program was designed and approved by Lynda Bloom, P.Geo. of Analytical Solutions Ltd., and is overseen by the Company’s Qualified Person, Maggie Layman, P.Geo, Vice President Exploration.
Drill core samples are submitted to ALS Geochemistry’s analytical facility in North Vancouver, British Columbia for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed and 250 grams is pulverized. Analysis for gold is by 50g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 ppm and upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are re-analyzed using a 1,000g screen metallic fire assay. A selected number of samples are also analyzed using a 48 multi-elemental geochemical package by a 4-acid digestion, followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) and Inductively Coupled Plasma Mass Spectroscopy (ICP-MS).
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 mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville’s Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company’s Brownfield’s exploration team is focused on developing and delineating a mineable resource within the 7 kilometers of principle project area located near the town of Wells, British Columbia. The Company’s Greenfield’s team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation’s team is focused on developing and mining the Bonanza Ledge and BC Vein deposits on Barkerville Mountain. This operation allows the company to generate near term cash flow, train a local work force, keeps the present mining permit active, and de-risk’s the project through staged production growth. Processing of material from these deposits is processed at the QR mill. QR is a fully owned, permitted mill and tailings facility, located approximately 110 kilometres away from Wells, and can be accessed by an all-season road.
Cautionary Statement on Forward -Looking Information
Neither the TSX Venture Exchange (‘TSXV’) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Table 1: Length weighted gold composites from Island Mountain
| HOLE ID | | FROM | TO | CORE LENGTH (M) | AU (G/T) | | IM-18-001 | | 64.75 | 67.90 | 3.15 | 5.52 | | | INCLUDING | 64.75 | 65.35 | 0.60 | 12.65 | | | | 139.20 | 139.70 | 0.50 | 21.00 | | | | 144.70 | 145.90 | 1.20 | 5.74 | | | | 191.30 | 194.35 | 3.05 | 4.52 | | | INCLUDING | 191.30 | 192.30 | 1.00 | 7.96 | | | AND | 193.35 | 194.35 | 1.00 | 5.74 | | | | 348.45 | 350.60 | 2.15 | 101.98 | | | INCLUDING | 348.45 | 349.10 | 0.65 | 18.50 | | | AND | 350.00 | 350.60 | 0.60 | 345.00 | | | | 372.85 | 373.55 | 0.70 | 6.42 | | | | 378.15 | 388.75 | 10.60 | 7.65 | | | INCLUDING | 378.15 | 378.90 | 0.75 | 48.60 | | | AND | 382.10 | 383.30 | 1.20 | 12.30 | | | AND | 385.05 | 385.65 | 0.60 | 7.80 | | | AND | 387.60 | 388.75 | 1.15 | 8.45 | | | | 397.35 | 397.85 | 0.50 | 37.50 | | | | 412.75 | 414.25 | 1.50 | 6.71 | | IM-18-002 | | 66.60 | 67.10 | 0.50 | 6.69 | | | | 136.85 | 138.00 | 1.15 | 11.10 | | | | 158.50 | 160.00 | 1.50 | 15.50 | | | | 210.90 | 212.20 | 1.30 | 28.60 | | | | 255.25 | 256.00 | 0.75 | 7.32 | | IM-18-003 | | 68.20 | 70.40 | 2.20 | 6.35 | | | INCLUDING | 68.20 | 69.15 | 0.95 | 8.57 | | | AND | 69.90 | 70.40 | 0.50 | 10.80 | | | | 132.20 | 132.90 | 0.70 | 20.70 | | | | 140.85 | 141.35 | 0.50 | 10.25 | | | | 160.00 | 161.00 | 1.00 | 7.70 | | | | 218.50 | 219.35 | 0.85 | 4.80 | | IM-18-004 | | 42.00 | 42.60 | 0.60 | 5.11 | | | | 68.40 | 69.65 | 1.25 | 10.85 | | | | 92.60 | 93.20 | 0.60 | 5.21 | | | | 122.80 | 125.35 | 2.55 | 9.11 | | | INCLUDING | 123.30 | 124.80 | 1.50 | 11.75 | | | | 137.50 | 138.50 | 1.00 | 8.12 | | | | 141.85 | 142.35 | 0.50 | 4.32 | | | | 156.85 | 158.15 | 1.30 | 29.10 | | IM-18-005 | | 36.70 | 37.20 | 0.50 | 23.70 | | | | 38.30 | 39.00 | 0.70 | 29.40 | | | | 42.50 | 44.50 | 2.00 | 6.51 | | | | 42.50 | 43.00 | 0.50 | 3.84 | | | | 44.00 | 44.50 | 0.50 | 20.30 | | | | 51.50 | 52.15 | 0.65 | 10.20 | | | | 57.95 | 59.00 | 1.05 | 39.00 | | | | 121.00 | 121.80 | 0.80 | 11.00 | | | | 162.90 | 178.70 | 15.80 | 14.69 | | | INCLUDING | 162.90 | 164.00 | 1.10 | 7.46 | | | AND | 164.00 | 164.50 | 0.50 | 199.00 | | | AND | 168.05 | 168.95 | 0.90 | 59.70 | | | AND | 169.50 | 171.00 | 1.50 | 22.70 | | | AND | 174.40 | 174.90 | 0.50 | 17.35 | | | AND | 178.00 | 178.70 | 0.70 | 16.75 | | | | 193.85 | 194.40 | 0.55 | 31.30 | | | | 196.20 | 197.00 | 0.80 | 11.60 | | IM-18-006 | | 99.00 | 105.00 | 6.00 | 10.87 | | | INCLUDING | 99.00 | 100.00 | 1.00 | 7.51 | | | AND | 101.00 | 101.50 | 0.50 | 45.00 | | | AND | 103.30 | 103.80 | 0.50 | 17.45 | | | AND | 103.80 | 104.30 | 0.50 | 35.10 | | | | 116.00 | 117.50 | 1.50 | 18.15 | | | | 162.00 | 162.50 | 0.50 | 7.26 | | | | 175.00 | 176.00 | 1.00 | 5.91 | | | | 182.20 | 196.75 | 14.55 | 24.16 | | | INCLUDING | 182.20 | 183.00 | 0.80 | 63.40 | | | AND | 186.60 | 187.20 | 0.60 | 75.10 | | | AND | 187.20 | 188.00 | 0.80 | 33.50 | | | AND | 194.10 | 195.00 | 0.90 | 17.45 | | | AND | 195.00 | 196.00 | 1.00 | 164.00 | | | AND | 196.00 | 196.75 | 0.75 | 11.50 | | | | 248.00 | 248.90 | 0.90 | 14.10 | | | | 282.00 | 283.40 | 1.40 | 9.61 | | | | 291.00 | 291.50 | 0.50 | 6.77 | | | | 297.00 | 298.50 | 1.50 | 4.66 | | | INCLUDING | 298.00 | 298.50 | 0.50 | 6.74 | | IM-18-006-1 | | 183.50 | 184.00 | 0.50 | 11.90 | | | | 187.80 | 191.50 | 3.70 | 25.96 | | | INCLUDING | 189.65 | 190.40 | 0.75 | 59.70 | | IM-18-007 | | 238.00 | 239.05 | 1.05 | 6.95 | | IM-18-008 | | 55.00 | 55.50 | 0.50 | 5.00 | | | | 149.10 | 150.50 | 1.40 | 9.91 | | | | 319.75 | 320.25 | 0.50 | 9.50 | | IM-18-009 | | 43.75 | 46.25 | 2.50 | 52.65 | | | INCLUDING | 44.25 | 45.75 | 1.50 | 85.60 | | | | 51.10 | 51.85 | 0.75 | 11.75 | | | | 57.10 | 58.00 | 0.90 | 5.78 | | | | 68.50 | 69.00 | 0.50 | 4.74 | | | | 80.95 | 81.50 | 0.55 | 8.32 | | | | 94.15 | 95.30 | 1.15 | 16.70 | | | | 96.70 | 97.30 | 0.60 | 18.25 | | | | 200.95 | 201.50 | 0.55 | 7.10 | | | | 269.30 | 270.15 | 0.85 | 12.45 | | | | 277.40 | 278.10 | 0.70 | 8.27 | | | | 406.00 | 407.40 | 1.40 | 4.76 | | IM-18-010 | | 17.70 | 20.20 | 2.50 | 44.66 | | | INCLUDING | 17.70 | 18.20 | 0.50 | 166.50 | | | AND | 18.20 | 18.80 | 0.60 | 28.60 | | | | 140.75 | 141.85 | 1.10 | 10.70 | | | | 185.00 | 186.40 | 1.40 | 5.80 | | | | 215.60 | 219.45 | 3.85 | 19.64 | | | INCLUDING | 215.60 | 216.15 | 0.55 | 18.10 | | | AND | 217.95 | 218.45 | 0.50 | 41.90 | | | AND | 218.45 | 219.45 | 1.00 | 35.30 | | | | 249.90 | 250.40 | 0.50 | 22.00 | | | | 269.00 | 269.55 | 0.55 | 32.60 | | | | 279.40 | 279.90 | 0.50 | 4.92 | | | | 289.85 | 291.00 | 1.15 | 4.65 | | | | 299.65 | 300.15 | 0.50 | 4.30 | | IM-18-011 | NO SIGNIFICANT ASSAYS | | | | | IM-18-012 | | 107.25 | 107.75 | 0.50 | 41.60 | | | | 194.30 | 197.20 | 2.90 | 26.13 | | | INCLUDING | 195.00 | 196.00 | 1.00 | 44.90 | | | | 228.50 | 229.00 | 0.50 | 89.90 | | | | 233.90 | 234.50 | 0.60 | 88.60 | | | | 237.35 | 237.90 | 0.55 | 21.60 | | IM-18-013 | | 104.50 | 105.95 | 1.45 | 14.90 | | IM-18-014 | | 97.25 | 99.00 | 1.75 | 9.04 | | | | 116.00 | 116.60 | 0.60 | 16.55 | | | | 342.00 | 342.85 | 0.85 | 7.46 | | | | [td class="gnw_align_right gnw_vertical_align_bottom
| | BGM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| |
|
|
