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   Gold/Mining/EnergyBGM


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From: howestreetbull1/13/2018 9:15:58 AM
   of 127
 
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


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From: howestreetbull2/21/2018 9:02:36 AM
   of 127
 
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.

Drillhole Location Map


Island Mountain Vertical Section


Island Mountain Vertical Section 2


Drilling Highlights

  • IM-17-201: 104.5 g/t Au over 1.00 meter
  • IM-17-215: 23.86 g/t Au over 6.65 meters
  • IM-17-215: 12.16 g/t Au over 13.30 meters
  • IM-17-226: 28.73 g/t Au over 4.45 meters
  • IM-17-231: 24.76 g/t Au over 5.10 meters
  • The 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-IDFROM (M)TO (M)CORE LENGTH (M)AU (G/T)
    IM-17-20111.0012.001.00104.50
    IM-17-20177.5078.951.455.00
    INCLUDING78.3878.950.578.11
    IM-17-201115.80118.102.309.19
    INCLUDING117.00118.101.1013.50
    IM-17-201144.00144.500.5025.60
    IM-17-201150.50151.501.004.59
    IM-17-201213.00215.352.3514.22
    INCLUDING213.00214.171.1725.40
    IM-17-201258.60263.605.005.38
    INCLUDING262.25263.601.3510.30
    IM-17-201271.85273.601.754.22
    IM-17-201297.00297.800.8020.70
    IM-17-201312.55319.206.653.84
    INCLUDING312.55313.500.9513.35
    IM-17-201351.30352.801.5035.58
    INCLUDING352.10352.800.7054.30
    IM-17-204112.00112.650.658.31
    IM-17-204325.00327.202.209.05
    IM-17-204326.70327.200.5015.75
    IM-17-204338.60339.300.7020.20
    IM-17-204344.25345.150.9016.65
    IM-17-204380.00383.103.103.10
    INCLUDING381.95382.600.6512.40
    IM-17-204428.45430.151.7010.17
    INCLUDING429.55430.150.6012.25
    IM-17-209137.15138.251.104.59
    INCLUDING137.70138.250.555.57
    IM-17-209230.25231.000.7575.70
    IM-17-209254.05254.550.5021.60
    IM-17-209269.45270.501.054.48
    IM-17-209276.40278.251.8511.80
    IM-17-209382.50383.200.708.25
    IM-17-21398.1098.750.6534.30
    IM-17-213144.25145.100.855.28
    IM-17-213189.20190.150.9514.40
    IM-17-213194.20194.700.5018.15
    IM-17-213370.15371.451.3027.70
    INCLUDING370.80371.450.6542.80
    IM-17-213529.40529.900.5058.30
    IM-17-213543.85544.700.855.54
    IM-17-213568.30569.100.808.94
    IM-17-213574.45575.601.159.98
    IM-17-213589.70591.101.405.15
    INCLUDING589.70590.600.906.52
    IM-17-213597.35597.850.5028.90
    IM-17-213613.50614.000.505.73
    IM-17-213619.25619.800.555.09
    IM-17-213623.85625.101.259.25
    INCLUDING623.85624.600.7514.60
    IM-17-215286.30288.151.856.36
    INCLUDING287.20288.150.9510.65
    IM-17-215459.00463.254.2511.07
    INCLUDING459.60460.601.0041.90
    IM-17-215485.00492.357.354.00
    INCLUDING491.75492.350.6032.80
    IM-17-215507.00513.656.6523.86
    INCLUDING507.00508.301.3098.10
    AND510.80512.001.2010.80
    AND512.50513.651.1510.95
    IM-17-215523.00523.500.5010.90
    IM-17-215532.80533.450.654.79
    IM-17-215560.80564.103.306.77
    INCLUDING560.80561.700.907.51
    AND563.40564.100.7020.50
    IM-17-215578.50579.300.8013.15
    IM-17-215610.55611.601.059.49
    IM-17-215656.50658.552.059.55
    INCLUDING656.50657.601.1016.00
    IM-17-215665.70670.154.454.55
    INCLUDING665.70666.600.906.40
    AND668.50669.100.6018.20
    IM-17-215682.50683.300.805.65
    IM-17-215736.80738.651.8523.48
    INCLUDING736.80737.450.6560.20
    AND737.45738.100.655.21
    IM-17-215757.20770.5013.3012.16
    INCLUDING758.00758.650.6538.90
    AND758.65759.550.9024.40
    AND765.70767.001.3035.60
    AND770.00770.500.5036.30
    IM-17-216287.00287.500.506.07
    IM-17-216380.80381.600.8017.50
    IM-17-216556.00557.001.0044.50
    IM-17-216587.50590.102.609.86
    INCLUDING587.50588.000.5013.75
    AND588.50589.100.6015.00
    IM-17-216639.50640.000.5011.30
    IM-17-216660.90661.600.7010.50
    IM-17-216713.90715.301.403.24
    IM-17-218167.80170.002.2010.03
    INCLUDING167.80168.300.506.82
    AND168.80170.001.2015.10
    IM-17-218172.40173.300.9051.20
    IM-17-218224.70225.500.806.56
    IM-17-218335.10336.201.1023.20
    IM-17-218375.30378.703.406.65
    INCLUDING376.35377.200.8514.60
    IM-17-218438.80439.300.5058.90
    IM-17-218487.00487.500.5012.50
    IM-17-221117.50121.403.9016.14
    INCLUDING117.50119.001.5020.70
    AND119.00120.101.1029.00
    AND120.80121.400.6011.50
    IM-17-221253.60260.907.305.39
    INCLUDING253.60254.250.6513.10
    AND254.25254.750.507.82
    AND257.40258.100.707.25
    AND260.00260.900.9018.65
    IM-17-225138.45139.000.5511.40
    IM-17-225211.65212.150.5048.80
    IM-17-225232.60233.100.506.53
    IM-17-22630.4034.854.4528.73
    INCLUDING30.4031.401.0022.20
    AND31.4032.100.7070.50
    AND32.8033.300.5018.05
    AND33.3034.150.8553.20
    IM-17-226248.60249.300.705.00
    IM-17-22792.9094.601.7013.61
    INCLUDING92.9093.450.5511.00
    AND94.0094.600.6028.10
    IM-17-22799.00100.501.508.41
    IM-17-227154.35155.451.109.15
    IM-17-227194.50195.901.407.59
    IM-17-227219.50220.100.6011.30
    IM-17-227270.40273.002.603.05
    INCLUDING271.80273.001.204.96
    IM-17-227291.70293.401.704.84
    IM-17-22858.4063.705.304.17
    INCLUDING58.4059.701.307.60
    AND60.4061.100.709.04
    IM-17-228275.00276.501.507.04
    IM-17-229HOLE ABANDONED
    IM-17-23079.1079.600.509.45
    IM-17-230188.75189.250.5012.80
    IM-17-230233.00233.500.5044.50
    IM-17-230239.30239.800.505.77
    IM-17-230247.80252.104.305.22
    INCLUDING250.60252.101.5010.25
    IM-17-230312.00313.151.1511.35
    IM-17-230366.50369.753.255.73
    INCLUDING366.50367.000.5033.80
    IM-17-230379.25379.750.505.85
    IM-17-23132.8037.905.1024.76
    INCLUDING33.7034.701.0049.90
    AND34.7035.751.0561.30
    IM-17-23233.1534.951.8024.62
    INCLUDING33.7034.200.5060.40
    IM-17-232124.50126.001.504.07
    IM-17-232243.00243.500.5027.40
    IM-17-23365.8067.001.2011.95
    IM-17-233137.00138.001.0011.65
    IM-17-233162.90163.400.5012.55
    IM-17-233259.50260.250.759.09
    IM-17-233263.00264.001.0010.30
    IM-17-233323.00325.002.006.01
    INCLUDING323.00323.650.654.16
    AND324.40325.000.6014.80
    IM-17-2349.5010.501.007.79
    IM-17-234176.65178.652.003.72
    INCLUDING176.65177.150.509.03
    IM-17-234292.85293.901.0516.40
    IM-17-234313.50314.000.5014.55
    IM-17-235114.75115.801.054.98
    IM-17-235286.00289.003.0015.43
    INCLUDING286.00287.001.0041.60
    IM-17-236HOLE ABANDONED
    IM-17-237HOLE ABANDONED
    IM-17-23850.1050.600.5079.40
    IM-17-238132.60133.100.5018.00
    IM-17-238148.90149.500.6065.10
    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-IDDIPAZIMUTH
    IM-17-201-65.5139.4
    IM-17-204-46.4135.6
    IM-17-209-44.3139.3
    IM-17-213-64.4137.3
    IM-17-215-45.7135.4
    IM-17-216-64.9138.0
    IM-17-218-57.5142.5
    IM-17-221-45.0135.4
    IM-17-225-43.7143.3
    IM-17-226-63.5143.7
    IM-17-227-43.8137.6
    IM-17-228-65.5137.0
    IM-17-229-57.7133.9
    IM-17-230-46.8138.4
    IM-17-231-46.1138.7
    IM-17-232-64.8139.0
    IM-17-233-45.8143.4
    IM-17-234-44.8135.0
    IM-17-235-58.6136.0
    IM-17-238-44.8142.1
    A photo accompanying this announcement is available at

    globenewswire.com

    globenewswire.com

    globenewswire.com




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    From: howestreetbull3/20/2018 8:58:31 AM
       of 127
     
    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.

    Valley Zone Drilling


    Valley Zone Vertical Section


    Barkerville Mountain Drilling


    Barkerville Mountain Vertical Section


    Drilling Highlights

  • CM-17-078: 11.22 g/t Au over 8.25 meters
  • CM-17-084: 22.11 g/t Au over 5.85 meters
  • CM-17-096: 12.50 g/t Au over 8.00 meters
  • CM-17-096: 2250 g/t Au over 0.50 meters
  • BM-17-001: 9.60 g/t Au over 2.10 meters
  • BM-17-008: 22.72 g/t Au over 1.50 meters
  • The 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 95.7096.200.5020.80
    264.80265.300.5089.10
    297.30297.800.509.97
    341.60342.100.504.58
    362.00363.301.3018.85
    382.60384.652.057.32
    INCLUDING382.60383.200.6015.05
    490.00490.750.7512.90
    CM-17-068 351.10352.000.904.56
    400.60401.851.2538.97
    439.10440.701.608.73
    439.10439.700.6014.95
    440.20440.700.509.60
    444.00444.500.506.50
    499.95500.900.956.87
    579.50580.901.406.58
    INCLUDING579.50580.000.509.07
    585.60586.100.5015.90
    CM-17-069 148.90149.400.507.26
    197.00197.600.608.84
    333.20333.800.607.70
    364.50365.350.855.75
    375.70377.702.003.84
    454.80455.300.507.92
    471.00471.500.504.30
    CM-17-070 83.0084.001.005.79
    182.80183.300.50263.00
    195.00195.950.9522.80
    242.75243.400.6516.85
    269.30269.800.504.06
    317.50318.350.854.44
    354.15355.301.1589.78
    INCLUDING354.15354.800.65153.50
    CM-17-071 155.50156.501.009.46
    168.30168.800.507.50
    173.00173.550.556.73
    208.00208.500.5019.10
    CM-17-072 194.30199.104.805.46
    INCLUDING194.30195.000.7013.15
    HOLE ID FROM (M)TO (M)CORE LENGTH (M)AU (G/T)
    CM-17-072AND197.40198.401.0010.80
    240.60241.100.5028.70
    247.00248.001.003.91
    257.00261.704.705.60
    INCLUDING257.00257.500.5024.60
    AND261.00261.700.708.47
    308.90309.400.506.33
    339.25340.000.755.41
    341.50342.000.5020.40
    407.65408.701.055.30
    510.40511.000.6016.10
    512.25513.000.759.00
    644.70646.001.304.91
    CM-17-073 122.15122.650.509.06
    212.80213.300.5028.30
    223.45224.000.5513.10
    225.50226.000.5047.40
    239.55240.601.056.99
    INCLUDING240.05240.600.559.84
    356.50357.100.604.34
    411.85419.257.405.84
    INCLUDING411.85412.951.1020.50
    501.65503.501.855.14
    575.60576.200.605.92
    645.40646.000.606.98
    CM-17-074 98.40100.001.6019.80
    INCLUDING98.4099.000.606.95
    AND99.50100.000.5052.40
    133.60134.200.609.73
    200.90201.400.509.64
    208.45212.103.655.73
    208.45209.350.9015.90
    211.35212.100.756.98
    305.00305.500.505.46
    354.05354.550.505.81
    423.50424.150.659.10
    451.45452.300.858.11
    CM-17-075 29.3529.850.504.71
    83.5084.000.509.16
    93.35100.006.658.57
    INCLUDING98.50100.001.5032.80
    HOLE ID FROM (M)TO (M)CORE LENGTH (M)AU (G/T)
    CM-17-075 195.50196.100.6010.75
    203.50204.050.557.41
    260.50261.000.5015.10
    CM-17-076 85.5086.000.5026.40
    133.00133.500.5011.05
    209.00209.500.507.16
    220.00220.500.5026.20
    230.00231.501.504.22
    CM-17-077 97.0097.500.509.05
    CM-17-078 116.45116.950.5017.10
    146.35146.950.604.18
    173.70174.200.5018.75
    216.55217.050.5014.55
    226.50227.250.7520.40
    229.40230.000.6021.20
    232.15233.851.7016.34
    INCLUDING233.35233.850.5026.90
    238.00239.001.005.44
    259.90260.400.5026.70
    300.15300.650.5040.80
    308.25316.508.2511.22
    INCLUDING308.85309.650.8022.30
    AND310.65311.350.7084.10
    AND314.80315.300.5012.25
    330.40330.900.507.74
    335.00335.500.5040.50
    350.00353.003.0011.53
    INCLUDING350.00350.500.5025.80
    AND350.50351.050.5517.15
    CM-17-079 317.00317.700.707.37
    CM-17-080ABANDONDED
    CM-17-081 87.3589.101.7510.40
    INCLUDING87.3588.100.7513.75
    AND88.6089.100.5015.70
    101.80102.400.6034.50
    220.60221.601.0019.55
    CM-17-082 146.25146.750.509.34
    152.00152.600.6023.20
    168.75171.652.905.32
    INCLUDING168.75169.801.0511.50
    181.15181.700.554.69
    HOLE ID FROM (M)TO (M)CORE LENGTH (M)AU (G/T)
    CM-17-082 184.45186.001.5516.10
    INCLUDING184.45185.150.7030.40
    205.60206.150.554.62
    218.00218.500.5014.40
    221.00221.650.6534.80
    223.65225.551.9012.19
    INCLUDING224.95225.550.6028.30
    232.85233.450.6024.20
    352.50353.000.505.50
    469.75471.001.257.56
    540.00540.800.8011.15
    CM-17-083ABANDONED
    CM-17-084 331.10331.850.7514.30
    453.20454.601.4012.09
    INCLUDING453.20453.750.5520.80
    458.20459.050.8511.70
    463.35470.056.707.45
    INCLUDING465.35465.850.5027.70
    AND467.55468.450.9015.40
    475.50476.000.506.72
    480.35481.050.7067.70
    485.15491.005.8522.11
    INCLUDING485.15485.700.5540.90
    AND488.00488.500.5083.40
    AND489.50490.250.7520.60
    502.25502.750.5012.85
    CM-17-085 57.0058.151.1523.00
    134.00134.700.7012.55
    136.90137.400.5012.85
    248.15249.000.854.10
    452.10452.600.504.87
    564.40564.900.504.20
    CM-17-086NO SIGNIFICANT ASSAYS
    CM-17-087 112.30112.800.5057.70
    119.20120.301.1020.48
    INCLUDING119.80120.300.5028.50
    227.70229.301.605.10
    259.40260.901.5013.35
    264.50265.000.505.07
    274.80275.700.904.65
    277.80278.300.506.42
    HOLE ID FROM (M)TO (M)CORE LENGTH (M)AU (G/T)
    CM-17-087 287.60288.701.106.27
    CM-17-088 151.05152.651.606.41
    INCLUDING152.00152.650.6510.70
    192.65193.250.604.48
    250.00250.500.5012.55
    261.85262.350.5012.45
    269.80270.700.9010.65
    279.85280.350.505.03
    285.30290.004.7017.67
    INCLUDING285.85286.400.5537.00
    AND287.70288.851.1529.50
    300.10301.751.659.19
    308.15311.503.3513.76
    INCLUDING308.15308.800.6542.30
    AND310.00310.500.5019.50
    AND311.00311.500.5014.35
    330.00330.500.506.66
    331.10331.600.507.06
    432.15432.650.50104.00
    433.30433.900.609.69
    463.10463.600.5030.40
    CM-17-089 106.30107.801.5017.05
    INCLUDING106.80107.801.0023.10
    170.30170.800.5010.55
    180.65182.001.354.43
    307.60308.300.7046.80
    320.50321.000.508.20
    347.00347.500.506.18
    391.50392.000.509.97
    404.00404.600.6025.50
    435.00435.850.859.73
    445.70447.551.854.53
    452.40456.404.008.36
    INCLUDING454.75455.300.5515.60
    AND455.90456.400.5010.70
    620.70621.500.8019.05
    CM-17-090ABANDONED
    CM-17-091 200.70201.250.5516.10
    231.70234.602.9014.25
    INCLUDING233.25234.000.7534.30
    AND234.00234.600.6020.60
    HOLE ID FROM (M)TO (M)CORE LENGTH (M)AU (G/T)
    CM-17-091 259.25260.851.6024.38
    INCLUDING259.25260.200.9529.50
    401.00401.550.557.95
    449.20450.000.807.03
    489.00489.550.5516.40
    CM-17-092NO SIGNIFICANT ASSAYS
    CM-17-093 23.2023.750.5549.20
    33.4534.200.7510.45
    169.70170.500.807.96
    185.60186.100.508.37
    187.80188.500.7012.85
    209.55210.050.504.42
    213.50214.150.6534.90
    249.45250.000.5517.20
    281.15281.850.705.30
    343.90345.001.105.12
    437.45438.551.104.54
    441.30442.000.704.28
    457.05458.101.055.51
    CM-17-094 101.40102.300.9021.70
    CM-17-095 412.45413.250.8027.60
    415.35416.401.054.89
    CM-17-096 70.3071.000.7012.55
    74.3074.800.5026.00
    223.50224.050.555.43
    236.30236.800.504.63
    285.50286.801.3010.55
    355.00363.008.0012.50
    INCLUDING357.00357.550.5527.60
    AND361.50363.001.5050.30
    384.85390.005.1511.74
    INCLUDING384.85385.400.5545.40
    AND386.85387.350.5028.90
    477.00478.001.008.20
    INCLUDING477.00477.500.5012.90
    489.25490.501.256.84
    531.05533.001.9512.88
    INCLUDING531.05531.550.5013.30
    AND532.05533.000.9518.80
    548.00549.251.2511.15
    572.20572.700.5012.60
    HOLE ID FROM (M)TO (M)CORE LENGTH (M)AU (G/T)
    CM-17-096 579.50580.000.508.52
    581.85582.350.508.99
    623.15623.650.502250.00
    626.30626.800.5026.00
    CM-17-097 77.0077.700.7013.85
    92.9593.800.855.21
    221.30221.800.506.53
    257.45258.050.608.73
    318.15318.650.507.42
    351.85353.251.407.65
    INCLUDING352.65353.250.609.84
    384.25384.750.505.98
    410.00410.500.506.59
    435.80436.300.5011.70
    BM-17-001 78.1082.804.702.96
    INCLUDING80.4080.900.5011.40
    90.4591.000.556.61
    105.00105.500.509.84
    162.40162.900.506.82
    172.10172.750.659.36
    268.90271.002.109.60
    INCLUDING268.90269.850.9518.30
    580.60581.250.654.54
    BM-17-002 199.15199.650.507.72
    288.50289.000.507.91
    328.30332.554.254.09
    INCLUDING330.00331.301.307.01
    BM-17-003 380.05380.650.6013.30
    495.60496.651.0539.60
    BM-17-004NO SIGNIFICANT ASSAYS
    BM-17-005 319.30319.850.5551.60
    326.35326.850.506.86
    344.00345.251.2516.11
    INCLUDING344.75345.250.5029.80
    371.10371.600.5021.80
    BM-17-006 191.30192.000.7012.00
    229.10229.600.506.97
    BM-17-007 56.4057.200.805.82
    239.20239.850.6515.90
    BM-17-008 169.40170.000.604.40
    332.25332.900.654.39
    HOLE ID FROM (M)TO (M)CORE LENGTH (M)AU (G/T)
    BM-17-008 335.15335.800.659.85
    338.50341.202.704.21
    INCLUDING340.60341.200.607.15
    481.00482.301.3011.25
    INCLUDING481.50482.300.8013.40
    488.85490.351.5022.72
    INCLUDING489.35490.351.0026.30
    494.35495.451.106.04
    513.00513.650.6556.10
    518.50519.300.806.94
    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 IDAZIMUTHDIP
    CM-17-067308-60
    CM-17-068313-45.4
    CM-17-069307-56.5
    CM-17-070140-55
    CM-17-071313-41.6
    CM-17-072311-59.3
    CM-17-073318-46.2
    CM-17-074140-60
    CM-17-075312-54.5
    CM-17-076140-41.5
    CM-17-077140-54.3
    CM-17-078310-45
    CM-17-079310-55
    CM-17-080315-55
    CM-17-081315-55
    CM-17-082310-44
    CM-17-083310-45
    CM-17-084310-55
    CM-17-085310-54.1
    CM-17-086303-60.7
    CM-17-087314-62.7
    CM-17-088310-48
    CM-17-089317-53
    CM-17-090310-45
    HOLE IDAZIMUTHDIP
    CM-17-091313-60.8
    CM-17-093313-44.3
    CM-17-094310-57.2
    CM-17-095310-45
    CM-17-096308-50.5
    CM-17-097310-55
    BM-17-001136-44.8
    BM-17-002141-44.9
    BM-17-003139-45.2
    BM-17-004139-44.9
    BM-17-005139-45.1
    BM-17-006110-44.7
    BM-17-007110-46.3
    BM-17-008112-43.9


    Photos accompanying this announcement are available at:
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    From: howestreetbull4/5/2018 8:03:12 AM
       of 127
     
    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 meters
  • IM-17-241: 8.25 g/t Au over 7.50 meters
  • IM-17-242: 8.30 g/t Au over 10.75 meters
  • IM-17-247: 13.09 g/t Au over 4.25 meters
  • IM-17-249: 48.17 g/t Au over 9.95 meters
  • IM-17-251: 33.22 g/t Au over 2.50 meters
  • IM-17-251: 9.15 g/t Au over 7.05 meters
  • CM-17-098: 11.09 g/t Au over 4.90 meters
  • CM-17-101: 13.45 g/t Au over 7.80 meters
  • CM-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

    [td nowrap="nowrap" class="prngen3" style="border-width: 0pt; border-style: ini
    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






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    From: howestreetbull4/5/2018 8:03:20 AM
       of 127
     

    Share RecommendKeepReplyMark as Last Read


    To: howestreetbull who wrote (108)4/11/2018 8:35:04 AM
    From: howestreetbull
       of 127
     
    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.

    Island Mountain Zone Drilling


    Island Mountain Vertical Section


    Drilling Highlights

  • IM-18-001: 101.98 g/t Au over 2.15 meters
  • IM-18-001: 7.65 g/t Au over 10.60 meters
  • IM-18-005: 14.69 g/t Au over 15.80 meters
  • IM-18-006: 10.87 g/t Au over 6.00 meters
  • IM-18-006: 24.16 g/t Au over 14.55 meters
  • IM-18-009: 52.65 g/t Au over 2.50 meters
  • IM-18-010: 19.64 g/t Au over 3.85 meters
  • IM-18-019: 11.35 g/t Au over 6.30 meters
  • IM-18-022: 34.57 g/t Au over 4.20 meters
  • Vein 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

    [td class="gnw_align_right gnw_vertical_align_bottom
    HOLE ID FROM TO CORE LENGTH (M) AU (G/T)
    IM-18-001 64.7567.903.155.52
    INCLUDING64.7565.350.6012.65
    139.20139.700.5021.00
    144.70145.901.205.74
    191.30194.353.054.52
    INCLUDING191.30192.301.007.96
    AND193.35194.351.005.74
    348.45350.602.15101.98
    INCLUDING348.45349.100.6518.50
    AND350.00350.600.60345.00
    372.85373.550.706.42
    378.15388.7510.607.65
    INCLUDING378.15378.900.7548.60
    AND382.10383.301.2012.30
    AND385.05385.650.607.80
    AND387.60388.751.158.45
    397.35397.850.5037.50
    412.75414.251.506.71
    IM-18-002 66.6067.100.506.69
    136.85138.001.1511.10
    158.50160.001.5015.50
    210.90212.201.3028.60
    255.25256.000.757.32
    IM-18-003 68.2070.402.206.35
    INCLUDING68.2069.150.958.57
    AND69.9070.400.5010.80
    132.20132.900.7020.70
    140.85141.350.5010.25
    160.00161.001.007.70
    218.50219.350.854.80
    IM-18-004 42.0042.600.605.11
    68.4069.651.2510.85
    92.6093.200.605.21
    122.80125.352.559.11
    INCLUDING123.30124.801.5011.75
    137.50138.501.008.12
    141.85142.350.504.32
    156.85158.151.3029.10
    IM-18-005 36.7037.200.5023.70
    38.3039.000.7029.40
    42.5044.502.006.51
    42.5043.000.503.84
    44.0044.500.5020.30
    51.5052.150.6510.20
    57.9559.001.0539.00
    121.00121.800.8011.00
    162.90178.7015.8014.69
    INCLUDING162.90164.001.107.46
    AND164.00164.500.50199.00
    AND168.05168.950.9059.70
    AND169.50171.001.5022.70
    AND174.40174.900.5017.35
    AND178.00178.700.7016.75
    193.85194.400.5531.30
    196.20197.000.8011.60
    IM-18-006 99.00105.006.0010.87
    INCLUDING99.00100.001.007.51
    AND101.00101.500.5045.00
    AND103.30103.800.5017.45
    AND103.80104.300.5035.10
    116.00117.501.5018.15
    162.00162.500.507.26
    175.00176.001.005.91
    182.20196.7514.5524.16
    INCLUDING182.20183.000.8063.40
    AND186.60187.200.6075.10
    AND187.20188.000.8033.50
    AND194.10195.000.9017.45
    AND195.00196.001.00164.00
    AND196.00196.750.7511.50
    248.00248.900.9014.10
    282.00283.401.409.61
    291.00291.500.506.77
    297.00298.501.504.66
    INCLUDING298.00298.500.506.74
    IM-18-006-1 183.50184.000.5011.90
    187.80191.503.7025.96
    INCLUDING189.65190.400.7559.70
    IM-18-007 238.00239.051.056.95
    IM-18-008 55.0055.500.505.00
    149.10150.501.409.91
    319.75320.250.509.50
    IM-18-009 43.7546.252.5052.65
    INCLUDING44.2545.751.5085.60
    51.1051.850.7511.75
    57.1058.000.905.78
    68.5069.000.504.74
    80.9581.500.558.32
    94.1595.301.1516.70
    96.7097.300.6018.25
    200.95201.500.557.10
    269.30270.150.8512.45
    277.40278.100.708.27
    406.00407.401.404.76
    IM-18-010 17.7020.202.5044.66
    INCLUDING17.7018.200.50166.50
    AND18.2018.800.6028.60
    140.75141.851.1010.70
    185.00186.401.405.80
    215.60219.453.8519.64
    INCLUDING215.60216.150.5518.10
    AND217.95218.450.5041.90
    AND218.45219.451.0035.30
    249.90250.400.5022.00
    269.00269.550.5532.60
    279.40279.900.504.92
    289.85291.001.154.65
    299.65300.150.504.30
    IM-18-011NO SIGNIFICANT ASSAYS
    IM-18-012 107.25107.750.5041.60
    194.30197.202.9026.13
    INCLUDING195.00196.001.0044.90
    228.50229.000.5089.90
    233.90234.500.6088.60
    237.35237.900.5521.60
    IM-18-013 104.50105.951.4514.90
    IM-18-014 97.2599.001.759.04
    116.00116.600.6016.55
    342.00342.850.857.46

    Share RecommendKeepReplyMark as Last ReadRead Replies (1)


    To: howestreetbull who wrote (110)5/3/2018 10:08:20 AM
    From: howestreetbull
       of 127
     
    by @nasdaq on May 2, 2018
    BGM Defines Cow and Island Mountains Maiden Underground Resource and Barkerville Mountain Update

    TORONTO, May 02, 2018 (GLOBE NEWSWIRE) -- Barkerville Gold Mines Ltd. (TSX-V:BGM) (“BGM” or the “Company”) is pleased to announce the maiden Mineral resource estimate for Cow and Island Mountain deposits at its 100% owned Cariboo Gold Project located in Wells, B.C. The underground mineral resource estimate incorporates the Cow Mountain (“Cow”) and Valley Zones (“Valley”) on Cow Mountain and Shaft Zone (“Shaft”) and Mosquito Creek (“Mosquito”) on Island Mountain at a cut-off grade of 3.0 g/t Au (“grams per metric tonne”). A mineral resource on Bonanza Ledge and BC Vein is also included. The resource is defined over 6 kilometers of BGM’s 67-kilometer-long land package. Infill and exploration drilling is ongoing and resource updates will be presented annually. The mineral resource estimate was conducted by Talisker Exploration Services Inc. and validated by InnovExplo Inc., an independent consulting firm based out of Val-d’Or, Quebec.

    Figure 1: Plan Map Showing Modelled Vein Corridors on Island and Cow Mountains


    Figure 2: Cariboo Gold Project Longitudinal Section


    Cariboo Gold Project Mineral Resource

  • 1.60 million ounces of gold in the measured and indicated category (8.1 million tonnes grading 6.1 g/t Au)

  • 2.16 million ounces of gold in the inferred category (12.7 million tonnes grading 5.2 g/t Au)
  • The maiden Mineral resource estimate for Cow and Island Mountain deposits is built upon over 210,000 meters of diamond drilling from BGM’s 2016 and 2017 drill campaigns, and historically verified drill data using a total of 2,328 drillholes. The mineral resource estimate is supported by a robust 3D litho-structural model of the gold-bearing vein corridors. A strong understanding of the controls of mineralization enabled the Company’s technical team to construct a mineral resource estimate constrained by lithology, alteration, structure and mineralization. A total of 181 vein corridors were modelled.

    Table 1: 2018 Cariboo Gold Project Underground Mineral Resource Estimate reported at a 3.0 g/t Au cut-off grade

    Cariboo Gold Project Mineral Resources
    DepositTonnesAu (g/t)Au Oz
    Measured
    Bonanza Ledge264,0007.361,900
    Indicated
    Bonanza Ledge63,4004.89,700
    BC Vein444,9006.491,600
    Mosquito247,0009.575,700
    Shaft4,373,2005.9835,600
    Valley769,6005.8142,700
    Cow1,947,8006.1381,800
    Total Indicated7,845,9006.11,537,100
    Total Measured and Indicated8,109,9006.11,599,000
    Inferred
    BC Vein173,4004.625,400
    Mosquito699,2006.0135,600
    Shaft7,357,0005.11,213,000
    Valley2,454,3005.4423,400
    Cow2,047,3005.4358,300
    Total Inferred12,731,2005.22,155,700

    Given the nature of these vein corridors, extensions down dip and along strike are highly plausible. Drilling has occurred to depths of 600 meters from surface. BGM plans to drill down dip and along strike of mineralized vein corridors to define additional resources at Cow and Island Mountain. BGM intends to drill underground once permitting and construction of an exploration drift is complete. The mineral resource estimate reported herein represents the first mineral resource estimate on Cow and Island published by the new management team. The robust 3D litho-structural model that defines the controls of mineralization allows the exploration team to define additional mineral resource much more efficiently, lowering the cost per discoverable ounce. This model can be applied to the remaining 65 kilometers of strike.

    In accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), an updated technical report for the Cariboo Gold Project will be filed on SEDAR and the Company’s website within 45 calendar days of this disclosure.

    Chris Lodder, President and CEO of BGM commented, “The discovery of this initial, robust, underground resource coupled with our planned exploration decline at Cow and Island Mountain as well as unparalleled potential for significant resource expansion at depth and on strike, places BGM on a path to become a significant gold mining company in Western Canada.”

    Mineral Resource Estimate for Cow and Island Mountain deposits

    The mineral resources disclosed in this press release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) standards on mineral resources and reserves definitions, and guidelines prepared by the CIM standing committee on reserve definitions and adopted by the CIM council.

  • Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves.
  • Geologic and vein corridor modeling was completed by BGM Chief Resource Geologist Tessa Scott, P.Geo. A total of 181 vein corridors were modelled at a minimum thickness of 2.0 meters.
  • The drill data includes all historically verified and validated data and drilling from the 2016 and 2017 exploration campaigns.
  • Resource Estimation was completed by Talisker Exploration Services Geologist Leonardo Souza, MAusIMM (CP).
  • Each of Christine Beausoleil, P.Geo and Carl Pelletier, P.Geo, of Innovexplo Inc. has reviewed and validated the mineral resource estimate and are both independent “Qualified Person” (as defined in NI 43-101) responsible for the 2018 mineral resource estimate. The effective date of the 2017 mineral resource estimate is May 2, 2018.
  • Results are in-situ and undiluted.
  • The mineral resource estimate is reported at a cut-off grade of 3.00 g/t Au. Cut-off grades must be re-evaluated considering prevailing market conditions (including gold prices, exchange rates and mining costs).
  • An average density of 2.75 g/cm3 was established for all zones.
  • Samples are composited within the vein corridor solids and lengths vary by zone (Cow 3.0 m, Valley 1.4 m, Shaft 2.0 m, and Mosquito 3.0 m).
  • A three-step capping procedure has been applied to composite data for each zone. Capping was implemented at three distances for each deposit and ranges from 15 to 60 m depending on the zone.
  • Resources were estimated using Datamine Studio RM 1.3 software within the modeled vein corridors using hard boundaries. Ordinary Kriging interpolation method was used to estimate the resource in a sub-blocked model (parent block size = 5 meters x 5 meters x 5 meters).
  • The inferred and indicated resource categories were constructed manually for each vein corridor.
  • For blocks to be categorized as indicated, blocks must be informed by two drill holes with a minimum distance of approximately 25 m to the nearest drill hole. The classification can extend for 30 m where the mineralization trend was demonstrated by multiple adjacent holes.
  • For blocks to be categorized as inferred, the blocks must be informed by two drill holes with a minimum distance of approximately 50 m to the nearest drill hole. The classification can extend up to 100 m as the vein corridor model is tightly constrained.
  • Ounce (troy) = metric tons x grade / 31.10348. Calculations used metric units (meters, tonnes, g/t).
  • The number of metric tons was rounded to the nearest hundred. Any discrepancies in the totals are due to rounding effects; rounding followed the recommendations as per NI 43-101.
  • Neither the Company nor InnovExplo Inc. is aware of any known environmental, permitting, legal, title-related, taxation, socio-political, marketing or other relevant issue that could materially affect the mineral resource estimate
  • The quantity and grade of reported Inferred Mineral Resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred Mineral Resources as an Indicated Mineral Resource and it is uncertain if further exploration will result in upgrading them to an Indicated Mineral Resource category.
  • All figures have been rounded to reflect the relative precision of the estimates. Mineral Resources are reported at a cut-off grade of 3.0 g/t gold based on CAD $1,664 per troy ounce gold and gold metallurgical recoveries of 87.4 percent.
  • Mineral Resource Estimate for Barkerville Mountain

  • The 2018 MRE was prepared by Christine Beausoleil, P.Geo. and Carl Pelletier, P.Geo, of InnovExplo Inc., both indedpendent qualified persons as defined by NI 43 101. The effective date of the estimate is May 1, 2018.
  • These Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability.
  • Results are presented in-situ and undiluted.
  • The estimate includes two (2) gold zones.
  • The official underground resource is reported at a cut-off grade of 3.00 g/t Au. Cut-off grades must be re-evaluated in light of prevailing market conditions (gold price, exchange rate and mining cost).
  • Density (g/cm3) data was established on a per zone basis and ranges from 2.72 to 3.20 g/cm3.
  • A minimum true thickness of 2.0 m was applied, using the grade of the adjacent material when assayed, or a value of zero when not assayed.
  • Compositing was done on drill hole sections falling within the mineralized zones (composite = 2.0 m for BC Vein and Bonanza Ledge; distributed tails).
  • High-grade capping (g/t Au) was done on composited data and varies from 32 to 70 g/t Au based on the statistical analysis of individual mineralized zones. Restricted search ellipsoids were used during the BC Vein interpolation using 1/2 variographic ranges and a threshold of 21 g/t Au.
  • Resources were estimated using GEOVIA GEMS 6.7 software from drill hole sampling, using a 2-pass Ordinary Kriging interpolation method in a block model (block size = 2 m x 2 m x 5 m).
  • The Inferred category is only defined within areas where blocks were interpolated during Pass 1 or Pass 2 where continuity is sufficient to avoid isolated blocks being interpolated by only one drill hole, and isolated blocks were reclassified as “exploration potential” on a visual basis. The Indicated category is only defined by blocks interpolated by a minimum of two drill holes in areas where the maximum distance to drill hole composites is less than 20 m for blocks interpolated in Pass 1. The Measured category is only defined by blocks interpolated by a minimum of three drill holes in areas where the maximum distance to the closest drill hole composite is less than 10 m for blocks interpolated in Pass 1 and in close proximity with the sampled open pit (< 40m).
  • Ounce (troy) = metric tons x grade / 31.10348. Calculations used metric units (metres, tonnes, g/t).
  • The number of metric tons was rounded to the nearest hundred. Any discrepancies in the totals are due to rounding effects; rounding followed the recommendations in NI 43 101
  • InnovExplo is not aware of any known environmental, permitting, legal, title-related, taxation, socio-political, marketing or other relevant issue that could materially affect the mineral resource estimate
  • About the Cariboo Gold Project

    The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. BGM’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.

    QA/QC and Core Sampling Protocols

    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).

    Qualified Persons and 43-101 Disclosure

    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.

    The Independent and Qualified Persons for the Mineral Resources Estimate update, as defined by NI 43-101, is Christine Beausoleil, P.Geo., and Carl Pelletier, P.Geo., both of InnovExplo Inc. and confirm having reviewed this press release and that the scientific and technical information is consistent.

    ON BEHALF OF THE BOARD

    “Chris Lodder”
    Chris Lodder, President, CEO & Director

    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

    Photos accompanying this announcement are available at:
    globenewswire.com
    https://www.globenewswire.com/Tracker?data=JZDSZ70J7-xjnRX-nxs1UhTn4Vg0qViCqntlbq7SSnuFb9QbI9LYF2RgsQDfB3Bej4_A18zX_zIOKjA4GSQ9YfJjoUY1JQS6CuSd_H3LqXbSTKxv3xxaA3C4DvMu1qiqk_zZOXbvNEJ4oMXUFvGJGBKMKQgQWPLdm5ZF77_TyYggp2oMdf7fDSTnAnhcy55vrWgJAqASlbjjfQgvn2tWzKBa37cOdCuaib52V0AUumj0N5VKx4iyBwoOSbICv4kX1DfSDv1aqhiEphRDUVbrmA==










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    To: howestreetbull who wrote (111)5/8/2018 8:08:21 AM
    From: howestreetbull
       of 127
     
    by @nasdaq on May 8, 2018
    Barkerville Gold Mines: Infill Drilling Confirms High-grade Gold Mineralization

    TORONTO, May 08, 2018 (GLOBE NEWSWIRE) -- Barkerville Gold Mines Ltd. (TSXV:BGM) (the “Company” or “Barkerville”) is pleased to announce additional drilling results from the 50,000-meter 2018 Island Mountain exploration and delineation program 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 infill drilling results continue to demonstrate continuity and expansion of modelled vein corridors.

    Historic Underground Workings and Modelled Vein Zones


    Island Mountain Drilling


    Island Mountain Drilling Section


    Drilling Highlights

  • IM-18-023: 42.20 g/t over 2.00 meters
  • IM-18-023: 54.51 g/t over 1.75 meters
  • IM-18-023: 73.8 g/t over 1.25 meters
  • IM-18-033: 16.96 g/t over 9.30 meters
  • IM-18-038: 12.54 g/t over 18.2 meters
  • IM-18-038: 17.91 g/t over 5.65 meters
  • IM-18-039: 22.87 g/t over 5.85 meters
  • IM-18-041: 36.41 g/t over 4.30 meters
  • IM-18-046: 27.41 g/t over 4.35 meters
  • Vein Zone Continuity on Island Mountain

    The intervals noted above were intersected in holes designed to infill and expand known vein corridors on the property down to depths of 500 meters. The program consisted of 50,000 meters drilled in 162 holes, mainly in the Shaft Zone area. 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 101 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. 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 FROMTOCORE LENGTH (M)AU (G/T)
    IM-18-023 79.7580.300.5515.35
    221.70222.600.908.49
    230.50231.000.505.63
    265.35266.200.855.26
    281.50282.150.6515.00
    316.00318.002.0042.20
    INCLUDING317.00318.001.0058.00
    352.75354.501.7554.51
    INCLUDING353.25354.501.2573.80
    366.90368.251.354.81
    384.75385.250.505.12
    513.00514.501.505.74
    517.00518.501.507.83
    IM-18-023_1 354.00354.800.8020.20
    368.95370.501.554.65
    394.70395.300.6010.10
    IM-18-024ABANDONED
    IM-18-025 51.3551.950.6016.40
    63.4063.900.5015.60
    85.0086.001.0011.30
    90.8591.350.5022.40
    96.3599.553.209.57
    INCLUDING97.1598.651.5013.05
    112.80114.301.5061.40
    194.20194.900.705.24
    240.15240.650.504.92
    IM-18-026 51.9554.702.7531.83
    INCLUDING53.4054.100.7051.20
    AND54.1054.700.6061.00
    97.7599.501.757.54
    INCLUDING97.7599.001.259.43
    134.00136.752.759.44
    INCLUDING134.00134.850.8516.65
    INCLUDING134.85135.400.5515.25
    153.65154.150.5010.45
    214.20214.750.5568.90
    IM-18-027 83.1585.001.8513.41
    INCLUDING83.1583.650.5018.80
    AND83.6584.300.6521.10
    171.55172.801.2511.50
    INCLUDING172.25172.800.5519.40
    171.55172.801.2511.50
    INCLUDING172.25172.800.5519.40
    174.45179.154.7012.82
    INCLUDING174.95175.550.6018.35
    AND177.65178.400.7525.50
    AND178.40179.150.7515.50
    181.60185.353.755.21
    INCLUDING181.60182.200.6011.50
    AND184.30184.850.5513.15
    AND184.85185.350.507.72
    361.50362.851.3553.24
    396.15396.650.5025.00
    397.15397.650.505.27
    401.00401.550.5582.30
    402.60403.100.506.44
    408.05408.600.558.70
    IM-18-028 163.30164.200.907.03
    IM-18-029 81.1082.501.4017.10
    IM-18-030 28.5029.400.9015.40
    33.7034.250.5516.90
    152.00152.600.605.87
    225.80226.300.504.76
    303.00303.750.755.66
    305.80306.300.5017.40
    344.35345.100.759.66
    350.30350.800.506.11
    389.50390.701.2015.01
    INCLUDING390.10390.700.6022.70
    IM-18-031 34.0034.900.905.68
    83.1583.700.5530.10
    88.1590.001.8517.81
    INCLUDING89.1090.000.9028.90
    IM-18-032 66.0066.500.509.13
    87.8088.300.504.62
    112.50113.250.7547.20
    IM-18-033 31.1531.800.654.14
    32.7533.250.504.51
    143.20145.202.005.79
    145.90146.400.504.16
    148.20148.850.655.19
    163.50165.001.503.22
    210.60212.501.9017.36
    INCLUDING210.60211.250.6529.50
    AND211.75212.500.7518.40
    216.50217.501.0019.15
    INCLUDING217.00217.500.5026.90
    266.85267.350.5013.05
    337.00338.151.1515.25
    428.75430.952.2012.71
    INCLUDING428.75429.250.5024.20
    473.30482.609.3016.96
    INCLUDING473.30474.000.7016.05
    AND474.00474.500.5053.60
    AND476.00476.650.6557.90
    AND476.65477.350.7021.50
    AND479.50480.000.5018.15
    AND480.00481.251.2529.30
    AND482.00482.600.6014.65
    492.50493.000.505.08
    497.00497.500.505.67
    IM-18-034 11.0011.650.6523.40
    21.1522.000.8512.50
    84.0084.550.5536.50
    121.80122.550.756.82
    135.90136.650.756.02
    161.00162.501.507.09
    INCLUDING162.00162.500.509.60
    165.50166.300.808.99
    242.65243.300.6511.90
    244.20245.501.3021.39
    IM-18-035 89.0089.500.504.59
    100.65102.001.3511.00
    115.35116.501.154.57
    IM-18-036 125.60126.100.509.45
    220.15220.800.6516.80
    297.80299.001.203.77
    327.50328.851.3511.57
    INCLUDING327.50328.150.6515.25
    344.50347.503.0014.25
    344.50345.000.5056.20
    347.00347.500.5026.00
    355.55356.200.6522.30
    398.60399.500.9017.90
    407.35407.950.6015.40
    409.15409.700.554.11
    412.75413.400.658.01
    414.15414.650.5016.75
    IM-18-037ABANDONED
    IM-18-038 61.9064.102.2034.04
    INCLUDING62.5063.000.5055.20
    66.0070.604.6020.34
    INCLUDING67.0068.301.3030.20
    77.8078.700.9013.00
    81.80100.0018.2012.54
    INCLUDING81.8082.600.8026.20
    AND84.2085.000.8034.60
    AND85.0086.501.5025.90
    AND91.0092.501.5015.80
    AND92.5093.000.5016.30
    AND96.0097.001.0013.75
    102.00103.001.0011.15
    104.00104.600.605.90
    116.05117.801.7515.96
    INCLUDING116.05116.550.5022.50
    171.40172.501.1046.21
    INCLUDING171.40172.000.6080.60
    218.70219.200.5011.60
    223.75224.250.5091.90
    226.30239.0012.704.22
    INCLUDING227.80228.300.506.17
    AND229.55230.300.7529.00
    AND233.50234.000.506.68
    AND237.35238.000.658.28
    AND238.50239.000.5010.40
    244.00249.655.6517.91
    INCLUDING244.00245.001.0010.70
    AND248.35249.651.3067.00
    IM-18-039 50.5051.300.8031.50
    54.8560.705.8522.87
    INCLUDING54.8556.101.2544.60
    AND59.0060.001.0061.50
    AND60.0060.700.7011.00
    104.60105.350.755.52
    112.80113.300.5012.15
    116.50117.000.5019.20
    120.00120.500.504.81
    148.80151.002.2012.69
    INCLUDING149.50151.001.5016.65
    192.40193.300.904.52
    222.15222.800.655.00
    244.70247.652.957.53
    INCLUDING247.15247.650.5015.50
    251.00252.001.0010.25
    282.70284.301.607.65
    INCLUDING283.60284.300.7010.05
    IM-18-040 165.30166.000.7010.50
    176.15181.004.857.17
    INCLUDING176.15176.800.654.58
    AND178.80179.300.5031.70
    AND180.50181.000.509.02
    305.00305.750.7519.30
    IM-18-041 25.9030.204.3036.41
    INCLUDING25.9026.500.6031.00
    AND27.0027.800.80114.00
    AND27.8028.450.6540.90
    AND28.4529.000.5520.10
    126.35129.002.656.96
    INCLUDING126.35127.000.6516.15
    159.25160.751.5019.20
    165.50166.000.5016.20
    217.50218.200.704.09
    IM-18-042 61.5063.001.505.01
    190.00191.501.505.39
    IM-18-043 23.5024.000.5014.70
    24.6025.150.555.65
    188.50189.000.5040.20
    193.40194.150.7517.65
    197.95198.500.556.66
    IM-18-044 18.7519.600.8516.95
    24.0026.402.4020.19
    INCLUDING24.0025.251.2527.40
    AND25.9026.400.5028.40
    127.35128.000.654.46
    155.50157.001.5020.20
    315.50316.901.4014.65
    349.50351.001.509.11
    350.50351.000.5017.65
    IM-18-045 65.2566.000.756.44
    227.65228.550.9048.60
    270.95271.550.607.71
    273.35273.850.5011.90
    278.35279.000.6532.30
    284.20284.700.509.08
    305.50306.000.5013.70
    322.60323.450.857.53
    368.00372.004.005.22
    INCLUDING368.00369.001.0012.40
    AND371.00372.001.006.86
    IM-18-046 282.50283.000.505.35
    353.00354.001.0010.10
    447.90456.158.2514.36
    INCLUDING447.90449.001.1011.05
    AND452.00452.650.6545.30
    AND453.85455.001.1513.25
    460.75461.700.9510.40
    474.00475.001.0011.10
    496.00500.354.3527.41
    INCLUDING496.00497.001.0019.75
    AND497.50498.751.2551.10
    AND498.75499.751.0030.90
    520.30520.800.5013.75
    523.65524.550.908.73
    536.70537.701.0019.40
    IM-18-047 138.80139.750.959.49
    213.15213.650.505.34
    267.30268.050.7512.90
    269.10269.650.5512.60
    408.60409.701.1010.30
    421.50428.507.0011.68
    INCLUDING421.50422.250.7512.70
    AND422.80423.600.8029.80
    AND426.40427.100.7012.50
    AND427.85428.500.6547.40
    True widths are estimated to be 50 to 75% of reported core length intervals. Intervals not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays.

    Table 2: Drillhole Collar Orientations:
    HOLE IDAZIMUTHDIP
    IM-18-023123-65
    IM-18-024124-64
    IM-18-025151-50
    IM-18-026149-60
    IM-18-027130-58
    IM-18-028131-53
    IM-18-029146-60
    IM-18-030135-44
    IM-18-031145-59
    IM-18-032134-45
    IM-18-033120-65
    IM-18-034143-57
    IM-18-035139-58
    IM-18-036134-54
    IM-18-037122-65
    IM-18-038108-44
    IM-18-039114-53
    IM-18-040141-51
    IM-18-041133-50
    IM-18-042146-44
    IM-18-043133-47
    IM-18-044130-63
    IM-18-045142-45
    IM-18-046123-67
    IM-18-047125-55
    Photos accompanying this announcement are available at

    globenewswire.com

    globenewswire.com

    globenewswire.com






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    From: howestreetbull9/7/2018 1:53:55 PM
       of 127
     
    Barkerville signs $33M royalty deal with Osisko Gold

    2018-09-06 08:09 ET - News Release

    Mr. Chris Lodder reports

    BARKERVILLE ANNOUNCES UP TO $33 MILLION ROYALTY FINANCING WITH OSISKO GOLD ROYALTIES LTD

    Barkerville Gold Mines Ltd. has entered into a second amended and restated royalty purchase agreement with Osisko Gold Royalties Ltd. pursuant to which Osisko will acquire from Barkerville a 1.75-per-cent net smelter return (NSR) royalty on the Cariboo property for the aggregate purchase price of $20-million in immediately available funds.

    Of the purchase price payable on closing, $2-million will be kept by Barkerville in a segregated restricted account and will not be available to Barkerville until certain conditions precedent are satisfied. Those conditions precedent include the delivery to Osisko of certain waivers and consents required from third parties in connection with the royalty transaction.

    Under the terms of the royalty purchase agreement, the corporation also has the option to grant Osisko an additional 1-per-cent NSR on the property for additional cash consideration of $13-million, at any point between the closing date of the royalty transaction and Dec. 31, 2018. In order to grant the option royalty and receive the additional consideration, Barkerville must have successfully satisfied the conditions precedent to the release of the restricted funds.

    In the event that the corporation announces a change of control during the royalty option period, or Osisko participates in an equity financing of the corporation during the royalty option period, if the option royalty remains unexercised, Osisko will have the right to purchase the option royalty.

    As part of the royalty transaction, Barkerville will grant to Osisko 10 million common share purchase warrants of the corporation. The warrants will be exchangeable for common shares of the corporation at an exercise price of 75 cents per common share for a period of 36 months following the closing of the royalty transaction. All securities issued under the royalty transaction will be subject to a hold period expiring four months and one day from the date of closing.

    The gross proceeds from royalty transaction will be used by the corporation to finance exploration and studies related to the property and for general corporate purposes. The royalty transaction remains subject to the final approval of the TSX Venture Exchange.

    Related-party disclosure

    The royalty transaction is considered to be a related-party transaction for purposes of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions -- and Policy 5.9 -- Protection of Minority Security Holders in Special Transactions of the TSX Venture Exchange. The corporation is relying on exemptions from the formal valuation and minority shareholder approval requirements available under MI 61-101. The corporation is exempt from the formal valuation requirement in Section 5.4 of MI 61-101 in reliance on sections 5.5(a) and (b) of MI 61-101 as the fair market value of the transaction is not more than the 25 per cent of the corporation's market capitalization, and no securities of the corporation are listed or quoted for trading on prescribed stock exchanges or stock markets. Additionally, the corporation is exempt from minority shareholder approval requirement in Section 5.6 of MI 61-101 in reliance on Section 5.7(b) as the fair market value of the transaction is not more than the 25 per cent of the corporation's market capitalization. The board of directors of Barkerville approved the royalty transaction, with Sean Roosen, John Burzynski and Chris Lodder having declared a conflict of interest in, and abstaining from voting on, the matters being considered.

    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 include several past-producing placer and hardrock 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 brownfields exploration team is focused on developing and delineating a minable resource within the seven kilometres of principal project area located near the town of Wells, B.C.

    We seek Safe Harbor.

    © 2018 Canjex Publishing Ltd. All rights reserved.

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    From: howestreetbull9/11/2018 9:20:35 AM
       of 127
     
    Barkerville Gold Mines Reports Positive Results from Initial Test Mining of 80,000 Tonnes at Bonanza Ledge, Better Mine Grades and Solid Mill Performance
    V.BGM | 2 hours ago
    Canada NewsWire

    TORONTO, Sept. 11, 2018

    Mine grades of 7.05 g/t compared favorably to plan of 6.5 g/t
    Mill recoveries on track at 91.6%
    Both mine and mill throughput exceeding initial target levels
    TORONTO, Sept. 11, 2018 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce positive results from its test mine at Bonanza Ledge. Barkerville's Bonanza Ledge mine has allowed the company to assess mining methods, understand what ground conditions to expect in different lithological units, train a local workforce, and generate cash flow to offset some exploration expenditures. All gathered data will add to the robustness of the company's feasibility study, which will be released in 2019.

    image: mma.prnewswire.com

    Barkerville Gold Mines Ltd. (CNW Group/Barkerville Gold Mines Ltd.)

    Since the start of the Bonanza Ledge Project, approximately 80,000t have been extracted using long hole mining methods on two active levels. The mining blocks mined so far yield better grade than expected with an average grade of 7.05 g/t compared to the planned 6.5 g/t and dilution is on track with the predicted 12%. Cemented rock fill has been used as backfill. During development, conventional drill and blast methods were used along with a road header (continuous miner). The tested development methods will have a positive economic impact for the larger project at Cow and Island Mountain; major improvements on the performance and cost have been achieved in the last 5 months of operation. Significant reductions in operating cost has been made over the past few months, effectively reducing the initial $300/tonne CAD operating cost to $190/tonne CAD in the recent month.

    Chris Lodder said "We are very pleased with the progression of the mine and mill and we continue to improve daily with our project team in place. The Bonanza Ledge Mine is proving the viability of our vision for the Cariboo project and the potential of growth to becoming a significant gold producer in British Columbia."

    Significant Impacts

    No lost time accidents have been recorded since the beginning of the Bonanza Ledge Project.
    All Mining infrastructure (ventilation, pumping, electricity) and development (over 1,000m) have been complete, and a local mining team is in place.
    The average head grade of 7.05 g/t was higher than expected 6.5 g/t.
    Mine production was able to achieve up to 2000tpd, mill production was up to 800tpd.
    Over 70,000t of ore have been milled project to date.
    Milled recovery is 91.6% compared to the expected 92%, currently working toward further improvements including the recommissioning of a gravity circuit.
    Over 12,200 ounces produced to date.
    Qualified Persons

    Mining activities at the Cariboo Gold Project are administered on site by the Company's Mine Manager, Paul Ratte. Francois Vezina, ing, P.Eng, MBA, Chief Operating Officer, is the engineer on record 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.

    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.

    SOURCE Barkerville Gold Mines Ltd.

    image: rt.newswire.ca

    View original content to download multimedia: newswire.ca

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