| From: howestreetbull | 11/6/2018 8:38:59 AM | | | | | | Cow Mountain Drilling Extends High Grade Gold Mineralization Down Dip to 400 Meters
HIGH-GRADE INTERCEPTS INCLUDE 11.84 G/T GOLD OVER 7.50 METERS, 104 G/T GOLD OVER 0.50 M, 200 G/T GOLD OVER 0.50 M, 101.5 G/T GOLD OVER 0.95 M and 346 G/T GOLD OVER 0.50 METERS
TORONTO, Nov. 6, 2018 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce drilling results from the ongoing 2018 Cow Mountain exploration and category conversion program at the Company's flagship Cariboo Gold Project. The drilling results demonstrate continuity of high grade gold mineralization within vein corridors and extensions down dip and down plunge. The Company is currently exploring and delineating high grade vein corridors with four diamond drills on Cow Mountain.
Mineralized vein corridors on Cow Mountain are modelled to an average depth of 250 meters and recent exploration extends high grade intercepts continuous to vertical depths of 400 meters. Recent highlights include 7.06 g/t Au over 16.90 meters in hole CM-18-057, at approximately 50 meters vertical depth. CM-18-071 intersected 11.84 g/t Au over 7.50 meters, extending mineralization approximately 60 meters down drip from an existing modelled vein corridor. CM-18-071 included higher grade intercepts of 98.30 g/t Au over 0.50 meters, and 30.30 g/t Au over 0.80 meters. CM-18-101 intersected 29.10 g/t Au over 0.50 meters at a depth of 400 meters from surface.
Selected Drilling Highlights:
CM-18-054: 25.09 g/t Au over 2.70 metersCM-18-057: 7.06 g/t Au over 16.90 metersCM-18-062: 104.00 g/t Au over 0.50 meterCM-18-070: 28.08 g/t Au over 2.10 metersCM-18-071: 11.84 g/t Au over 7.50 metersCM-18-079: 200.00 g/t Au over 0.50 meterCM-18-084: 20.41 g/t Au over 6.65 metersCM-18-085: 101.50 g/t Au over 0.95 meterCM-18-091: 346 g/t Au over 0.50 metersCM-18-095: 10.48 g/t Au over 6.60 metersCM-18-096: 7.45 g/t Au over 7.60 metersCM-18-103: 42.88 g/t Au over 2.7 metersCM-18-107: 49.40 g/t Au over 1.7 meters
A drill hole location plan map and longitudinal section are presented below. Detailed drilling results are presented at the end of this release. The Cow Mountain 3D deposit model with assay highlights is located on the Company's website:
Barkerville Gold Mines Ltd. 3D Deposit Model
The ongoing drill program at Cow Mountain is designed to infill and expand high-grade gold-mineralized vein corridors modelled in the May 2018 Cow Mountain resource estimate. Vein corridors are defined as a high-density network of mineralized quartz veins within the sandstones. Mineralized quartz veins on the Cariboo Gold Project are overall sub-vertical dip and northeast strike. These corridors have been defined from surface to a vertical depth of up to 300 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).
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 Cow Mountain
|
|
|
|
|
| HOLE ID
|
| FROM
| TO
| CORE
LENGTH (M)
| AU (G/T)
| CM-18-051
|
| 107.40
| 108.15
| 0.75
| 5.19
|
|
| 123.00
| 123.50
| 0.50
| 6.43
|
|
| 239.40
| 240.00
| 0.60
| 8.24
|
|
| 242.05
| 245.40
| 3.35
| 9.06
|
| Including
| 242.05
| 243.45
| 1.40
| 15.15
|
|
| 274.50
| 277.50
| 3.00
| 5.61
|
| Including
| 275.40
| 276.00
| 0.60
| 19.75
| CM-18-052
|
| 35.80
| 37.55
| 1.75
| 22.69
|
| Including
| 35.80
| 36.30
| 0.50
| 51.80
|
| And
| 37.05
| 37.55
| 0.50
| 26.00
|
|
| 102.50
| 104.00
| 1.50
| 3.26
|
|
| 110.10
| 110.85
| 0.75
| 3.66
|
|
| 115.50
| 116.00
| 0.50
| 6.26
|
|
| 132.00
| 135.85
| 3.85
| 8.29
|
| Including
| 132.00
| 132.95
| 0.95
| 9.43
|
| And
| 135.00
| 135.85
| 0.85
| 27.00
|
|
| 204.50
| 205.00
| 0.50
| 7.46
|
|
| 237.50
| 238.00
| 0.50
| 26.80
|
|
| 241.80
| 242.45
| 0.65
| 6.23
|
|
| 271.00
| 271.50
| 0.50
| 6.99
| CM-18-053
|
| 180.10
| 181.40
| 1.30
| 8.43
|
| Including
| 180.10
| 180.80
| 0.70
| 14.10
|
|
| 257.70
| 258.20
| 0.50
| 5.11
| CM-18-054
|
| 94.80
| 97.50
| 2.70
| 25.09
|
| Including
| 95.80
| 96.30
| 0.50
| 7.48
|
| And
| 96.80
| 97.50
| 0.70
| 89.80
|
|
| 157.95
| 159.00
| 1.05
| 4.57
| CM-18-055
| No Significant Assays
|
|
|
| CM-18-056
|
| 165.15
| 166.30
| 1.15
| 4.90
|
|
| 171.50
| 172.10
| 0.60
| 10.80
|
|
| 239.05
| 239.60
| 0.55
| 14.15
| CM-18-057
|
| 6.00
| 8.40
| 2.40
| 4.28
|
| Including
| 7.75
| 8.40
| 0.65
| 12.65
|
|
| 54.30
| 71.20
| 16.90
| 7.06
|
| Including
| 57.00
| 57.85
| 0.85
| 12.90
|
| And
| 58.85
| 59.55
| 0.70
| 38.50
|
| And
| 63.60
| 64.65
| 1.05
| 11.95
|
| And
| 64.65
| 66.00
| 1.35
| 42.30
|
|
| 84.00
| 84.60
| 0.60
| 5.84
|
|
| 107.50
| 108.15
| 0.65
| 58.80
|
|
| 127.30
| 128.40
| 1.10
| 3.93
|
|
| 130.70
| 131.30
| 0.60
| 24.70
|
|
| 154.20
| 157.30
| 3.10
| 7.36
|
| Including
| 154.20
| 154.70
| 0.50
| 12.95
|
| And
| 156.70
| 157.30
| 0.60
| 26.50
|
|
| 182.00
| 182.50
| 0.50
| 10.65
| CM-18-058
|
| 43.50
| 44.00
| 0.50
| 5.97
|
|
| 132.00
| 134.00
| 2.00
| 17.98
|
| Including
| 132.50
| 133.50
| 1.00
| 34.70
|
|
| 234.50
| 235.00
| 0.50
| 5.02
|
|
| 250.00
| 251.00
| 1.00
| 4.75
| CM-18-059
|
| 256.75
| 257.40
| 0.65
| 5.49
|
|
| 315.40
| 315.90
| 0.50
| 7.03
| CM-18-060
|
| 78.75
| 79.40
| 0.65
| 9.29
|
|
| 109.60
| 110.10
| 0.50
| 53.00
| CM-18-061
|
| 68.00
| 69.00
| 1.00
| 16.35
|
|
| 75.15
| 75.75
| 0.60
| 5.21
|
|
| 108.50
| 109.45
| 0.95
| 11.70
| CM-18-062
|
| 168.00
| 168.70
| 0.70
| 7.20
|
|
| 171.90
| 173.00
| 1.10
| 3.71
|
|
| 182.25
| 183.70
| 1.45
| 5.23
|
| Including
| 182.25
| 183.15
| 0.90
| 7.34
|
|
| 202.90
| 203.40
| 0.50
| 4.26
|
|
| 256.00
| 258.00
| 2.00
| 27.43
|
| Including
| 256.00
| 256.50
| 0.50
| 104.00
| CM-18-063
|
| 9.00
| 12.00
| 3.00
| 5.06
|
| Including
| 9.00
| 9.50
| 0.50
| 15.85
|
|
| 44.20
| 44.80
| 0.60
| 72.90
|
|
| 60.00
| 60.50
| 0.50
| 3.71
|
|
| 109.00
| 110.50
| 1.50
| 4.75
|
| Including
| 109.70
| 110.50
| 0.80
| 7.29
|
|
| 115.15
| 115.70
| 0.55
| 21.10
|
|
| 127.00
| 127.55
| 0.55
| 7.39
| CM-18-064
|
| 11.20
| 16.00
| 4.80
| 7.27
|
| Including
| 14.50
| 16.00
| 1.50
| 20.40
|
|
| 81.00
| 82.00
| 1.00
| 22.30
|
|
| 191.25
| 192.00
| 0.75
| 5.36
|
|
| 271.20
| 271.80
| 0.60
| 5.87
| CM-18-065
|
| 46.35
| 47.00
| 0.65
| 43.20
|
|
| 172.75
| 173.25
| 0.50
| 5.71
| CM-18-066
|
| 26.10
| 26.60
| 0.50
| 18.70
|
|
| 91.40
| 92.00
| 0.60
| 6.53
|
|
| 114.00
| 115.00
| 1.00
| 5.95
|
|
| 119.40
| 120.00
| 0.60
| 10.35
|
|
| 134.50
| 135.00
| 0.50
| 23.40
| CM-18-067
|
| 10.30
| 10.80
| 0.50
| 32.60
|
|
| 47.30
| 49.60
| 2.30
| 7.23
|
| Including
| 47.30
| 47.80
| 0.50
| 23.50
|
| And
| 48.90
| 49.60
| 0.70
| 6.44
|
|
| 57.48
| 58.00
| 0.52
| 10.60
|
|
| 89.00
| 90.30
| 1.30
| 28.91
|
| Including
| 89.75
| 90.30
| 0.55
| 65.40
|
|
| 116.00
| 116.55
| 0.55
| 11.20
|
|
| 123.00
| 123.80
| 0.80
| 9.87
| CM-18-068
|
| 179.90
| 180.50
| 0.60
| 9.02
|
|
| 215.00
| 215.50
| 0.50
| 6.31
|
|
| 250.10
| 251.00
| 0.90
| 4.51
|
|
| 270.50
| 271.00
| 0.50
| 5.38
|
|
| 320.50
| 321.00
| 0.50
| 6.02
|
|
| 321.60
| 322.10
| 0.50
| 5.50
| CM-18-069
|
| 177.70
| 178.20
| 0.50
| 4.35
|
|
| 180.50
| 181.00
| 0.50
| 6.22
|
|
| 233.60
| 234.50
| 0.90
| 17.45
|
|
| 246.80
| 247.30
| 0.50
| 17.45
|
|
| 248.80
| 250.80
| 2.00
| 4.40
|
| Including
| 248.80
| 249.30
| 0.50
| 10.10
|
| And
| 249.80
| 250.30
| 0.50
| 5.56
| CM-18-070
|
| 6.95
| 10.00
| 3.05
| 12.91
|
| Including
| 6.95
| 7.50
| 0.55
| 33.00
|
| And
| 9.50
| 10.00
| 0.50
| 40.70
|
|
| 25.35
| 26.45
| 1.10
| 4.16
|
|
| 48.20
| 49.00
| 0.80
| 5.40
|
|
| 61.00
| 63.60
| 2.60
| 4.73
|
|
| 102.00
| 102.50
| 0.50
| 12.65
|
|
| 105.30
| 105.80
| 0.50
| 18.45
|
|
| 107.90
| 110.00
| 2.10
| 28.08
|
| Including
| 107.90
| 108.40
| 0.50
| 107.50
|
|
| 121.00
| 122.65
| 1.65
| 5.99
|
| Including
| 121.70
| 122.65
| 0.95
| 9.62
|
|
| 129.90
| 133.60
| 3.70
| 5.14
|
| Including
| 129.90
| 130.40
| 0.50
| 14.65
|
| And
| 132.50
| 133.10
| 0.60
| 7.48
|
| And
| 133.10
| 133.60
| 0.50
| 9.51
| CM-18-071
|
| 87.00
| 90.50
| 3.50
| 5.55
|
| Including
| 87.00
| 88.00
| 1.00
| 8.09
|
|
| 105.15
| 105.75
| 0.60
| 12.85
|
|
| 146.30
| 147.00
| 0.70
| 12.35
|
|
| 191.50
| 192.20
| 0.70
| 6.27
|
|
| 205.50
| 213.00
| 7.50
| 11.84
|
| Including
| 205.50
| 206.00
| 0.50
| 98.30
|
| And
| 206.00
| 206.50
| 0.50
| 14.85
|
| And
| 206.50
| 207.30
| 0.80
| 30.30
|
| And
| 212.00
| 213.00
| 1.00
| 5.06
|
|
| 224.70
| 225.20
| 0.50
| 18.15
|
|
| 232.10
| 233.85
| 1.75
| 8.00
|
| Including
| 232.80
| 233.85
| 1.05
| 10.85
|
|
| 251.20
| 251.80
| 0.60
| 7.73
| CM-18-072
|
| 184.50
| 185.70
| 1.20
| 11.30
|
|
| 190.90
| 191.40
| 0.50
| 12.30
|
|
| 200.40
| 204.00
| 3.60
| 8.37
|
| Including
| 200.40
| 200.90
| 0.50
| 15.40
|
| And
| 201.85
| 203.00
| 1.15
| 16.30
|
|
| 224.00
| 225.50
| 1.50
| 4.73
|
|
| 421.25
| 423.25
| 2.00
| 10.04
|
| Including
| 422.40
| 423.25
| 0.85
| 19.40
| CM-18-073
|
| 152.00
| 152.70
| 0.70
| 13.25
|
|
| 190.25
| 190.75
| 0.50
| 4.34
| CM-18-074
|
| 7.50
| 11.90
| 4.40
| 6.55
|
| Including
| 8.00
| 8.50
| 0.50
| 12.40
|
| And
| 10.40
| 11.10
| 0.70
| 20.90
|
| And
| 11.10
| 11.90
| 0.80
| 7.66
|
|
| 91.30
| 93.70
| 2.40
| 6.18
|
| Including
| 91.30
| 91.80
| 0.50
| 18.10
|
| And
| 93.00
| 93.70
| 0.70
| 8.15
|
|
| 113.80
| 115.70
| 1.90
| 10.53
|
| Including
| 113.80
| 114.80
| 1.00
| 17.45
|
|
| 158.95
| 159.50
| 0.55
| 12.40
| CM-18-075
|
| 25.50
| 26.00
| 0.50
| 11.45
|
|
| 37.40
| 37.90
| 0.50
| 24.80
|
|
| 96.85
| 97.40
| 0.55
| 6.73
|
|
| 104.30
| 104.80
| 0.50
| 12.10
| CM-18-076
|
| 119.50
| 120.00
| 0.50
| 13.00
|
|
| 190.10
| 195.00
| 4.90
| 6.64
|
| Including
| 193.00
| 193.80
| 0.80
| 34.10
|
|
| 204.00
| 204.50
| 0.50
| 4.25
| CM-18-077
|
| 226.00
| 226.50
| 0.50
| 21.80
|
|
| 251.00
| 252.50
| 1.50
| 7.10
|
|
| 266.50
| 267.00
| 0.50
| 5.04
|
|
| 293.10
| 294.10
| 1.00
| 6.30
|
| Including
| 293.10
| 293.60
| 0.50
| 9.01
|
|
| 313.60
| 314.30
| 0.70
| 6.36
| CM-18-078
|
| 11.00
| 11.50
| 0.50
| 34.20
|
|
| 56.10
| 57.00
| 0.90
| 35.60
|
|
| 74.90
| 75.50
| 0.60
| 5.19
|
|
| 83.90
| 84.40
| 0.50
| 68.00
| CM-18-079
|
| 22.75
| 23.25
| 0.50
| 200.00
|
|
| 182.20
| 183.25
| 1.05
| 7.26
|
|
| 193.35
| 193.85
| 0.50
| 12.60
|
|
| 219.00
| 220.05
| 1.05
| 5.82
| CM-18-080
|
| 18.95
| 19.50
| 0.55
| 23.40
|
|
| 25.50
| 26.50
| 1.00
| 5.11
|
|
| 44.15
| 48.00
| 3.85
| 10.92
|
| Including
| 44.15
| 44.65
| 0.50
| 17.70
|
| And
| 44.65
| 45.40
| 0.75
| 31.50
|
| And
| 47.50
| 48.00
| 0.50
| 12.65
|
|
| 93.75
| 94.60
| 0.85
| 12.20
| CM-18-081
|
| 31.50
| 32.00
| 0.50
| 17.35
|
|
| 44.55
| 45.10
| 0.55
| 15.55
| CM-18-082
|
| 160.30
| 161.30
| 1.00
| 20.61
|
| Including
| 160.30
| 160.80
| 0.50
| 39.00
|
|
| 202.90
| 204.60
| 1.70
| 16.37
|
|
| 208.00
| 211.00
| 3.00
| 3.97
|
| Including
| 208.00
| 208.70
| 0.70
| 14.30
|
|
| 253.60
| 254.15
| 0.55
| 9.91
| CM-18-083
|
| 75.60
| 76.15
| 0.55
| 4.05
|
|
| 144.00
| 147.45
| 3.45
| 7.76
|
| Including
| 146.70
| 147.45
| 0.75
| 27.80
|
|
| 170.45
| 171.10
| 0.65
| 4.33
|
|
| 211.90
| 213.00
| 1.10
| 8.12
|
| Including
| 211.90
| 212.50
| 0.60
| 13.30
|
|
| 256.50
| 258.70
| 2.20
| 6.96
|
| Including
| 256.50
| 257.10
| 0.60
| 8.74
|
| And
| 257.70
| 258.20
| 0.50
| 16.45
|
|
| 269.00
| 269.50
| 0.50
| 4.87
|
|
| 397.60
| 400.70
| 3.10
| 7.18
|
| Including
| 397.60
| 398.10
| 0.50
| 9.21
|
| And
| 398.70
| 399.20
| 0.50
| 22.40
| CM-18-084
|
| 36.90
| 37.40
| 0.50
| 8.11
|
|
| 58.50
| 65.15
| 6.65
| 20.41
|
| Including
| 58.50
| 59.00
| 0.50
| 15.15
|
| And
| 62.00
| 62.50
| 0.50
| 45.70
|
| And
| 63.70
| 65.15
| 1.45
| 71.00
|
|
| 79.30
| 80.10
| 0.80
| 13.00
| CM-18-085
|
| 15.50
| 16.15
| 0.65
| 5.37
|
|
| 21.50
| 22.25
| 0.75
| 39.90
|
|
| 27.00
| 27.95
| 0.95
| 101.50
|
|
| 62.20
| 65.00
| 2.80
| 6.42
|
| Including
| 64.00
| 64.50
| 0.50
| 5.64
|
| And
| 64.50
| 65.00
| 0.50
| 27.80
|
|
| 202.50
| 203.00
| 0.50
| 7.00
|
|
| 237.00
| 237.50
| 0.50
| 4.94
| CM-18-086
|
| 209.50
| 211.00
| 1.50
| 4.14
|
|
| 302.00
| 303.00
| 1.00
| 5.19
|
|
| 358.25
| 358.75
| 0.50
| 5.33
|
|
| 361.35
| 361.85
| 0.50
| 6.46
| CM-18-087
| No Significant Assays
|
|
|
| CM-18-088
|
| 168.55
| 169.35
| 0.80
| 36.00
|
|
| 173.70
| 175.35
| 1.65
| 7.51
| CM-18-089
|
| 49.50
| 50.00
| 0.50
| 7.72
|
|
| 97.10
| 97.60
| 0.50
| 27.00
|
|
| 132.00
| 132.50
| 0.50
| 4.36
| CM-18-090
|
| 21.50
| 23.10
| 1.60
| 5.16
|
| Including
| 22.00
| 22.50
| 0.50
| 7.07
|
|
| 45.00
| 45.50
| 0.50
| 6.04
| CM-18-091
|
| 243.55
| 244.20
| 0.65
| 4.71
|
|
| 248.30
| 248.80
| 0.50
| 346.00
|
|
| 252.00
| 253.50
| 1.50
| 6.03
|
|
| 309.90
| 310.80
| 0.90
| 6.91
|
|
| 313.90
| 316.05
| 2.15
| 9.98
|
| Including
| 313.90
| 315.25
| 1.35
| 14.05
|
|
| 344.60
| 345.50
| 0.90
| 7.14
| CM-18-092
|
| 127.00
| 127.50
| 0.50
| 5.84
|
|
| 129.60
| 130.35
| 0.75
| 5.49
|
|
| 171.35
| 172.20
| 0.85
| 5.92
|
|
| 189.95
| 190.70
| 0.75
| 14.35
| CM-18-093
| No Significant Assays
|
|
|
| CM-18-094
| No Significant Assays
|
|
|
| CM-18-095
|
| 151.00
| 152.90
| 1.90
| 5.50
|
|
| 164.50
| 165.50
| 1.00
| 6.82
|
|
| 255.65
| 256.65
| 1.00
| 7.58
|
|
| 268.80
| 275.40
| 6.60
| 10.48
|
| Including
| 268.80
| 269.30
| 0.50
| 77.80
|
| And
| 269.80
| 270.35
| 0.55
| 14.25
|
| And
| 270.35
| 271.00
| 0.65
| 19.80
|
| And
| 274.90
| 275.40
| 0.50
| 12.20
|
|
| 290.85
| 291.65
| 0.80
| 4.41
|
|
| 448.50
| 450.80
| 2.30
| 7.32
|
| Including
| 448.50
| 449.30
| 0.80
| 8.99
|
| And
| 449.85
| 450.80
| 0.95
| 9.71
| CM-18-096
|
| 190.45
| 191.60
| 1.15
| 3.80
|
|
| 221.95
| 222.65
| 0.70
| 6.08
|
|
| 236.65
| 239.20
| 2.55
| 3.83
|
| Including
| 236.65
| 237.50
| 0.85
| 8.30
|
| And
| 238.70
| 239.20
| 0.50
| 5.15
|
|
| 241.00
| 242.50
| 1.50
| 7.89
|
|
| 244.40
| 245.00
| 0.60
| 5.87
|
|
| 254.00
| 261.60
| 7.60
| 7.45
|
| Including
| 254.00
| 255.50
| 1.50
| 26.20
|
| And
| 260.55
| 261.60
| 1.05
| 30.20
|
|
| 310.40
| 311.70
| 1.30
| 25.00
|
|
| 327.25
| 327.75
| 0.50
| 7.20
| CM-18-097
|
| 81.90
| 82.40
| 0.50
| 13.55
|
|
| 106.60
| 107.10
| 0.50
| 4.68
|
|
| 145.40
| 145.90
| 0.50
| 17.45
|
|
| 164.00
| 165.10
| 1.10
| 7.98
|
| Including
| 164.50
| 165.10
| 0.60
| 12.75
|
|
| 177.90
| 178.60
| 0.70
| 5.30
| CM-18-098
|
| 106.30
| 106.90
| 0.60
| 7.41
|
|
| 305.55
| 307.55
| 2.00
| 10.04
|
| Including
| 306.40
| 307.55
| 1.15
| 12.95
| CM-18-099
|
| 135.95
| 138.60
| 2.65
| 8.50
|
| Including
| 137.40
| 138.00
| 0.60
| 21.70
|
| And
| 138.00
| 138.60
| 0.60
| 13.80
|
|
| 140.45
| 140.95
| 0.50
| 7.09
|
|
| 145.10
| 147.10
| 2.00
| 7.04
|
| Including
| 145.10
| 145.60
| 0.50
| 7.91
|
| And
| 146.10
| 147.10
| 1.00
| 9.05
|
|
| 253.40
| 256.00
| 2.60
| 5.32
|
| Including
| 254.05
| 254.60
| 0.55
| 23.30
|
|
| 296.60
| 297.00
| 0.40
| 16.15
|
|
| 300.00
| 300.85
| 0.85
| 7.49
|
|
| 311.00
| 311.65
| 0.65
| 10.80
| CM-18-100
|
| 212.50
| 214.00
| 1.50
| 4.04
|
|
| 247.00
| 247.50
| 0.50
| 14.05
|
|
| 254.80
| 255.50
| 0.70
| 5.45
| CM-18-101
|
| 345.08
| 345.70
| 0.62
| 15.10
|
|
| 421.25
| 421.75
| 0.50
| 29.10
|
|
| 481.25
| 482.00
| 0.75
| 4.72
| CM-18-102
|
| 262.85
| 263.35
| 0.50
| 28.50
|
|
| 268.40
| 269.00
| 0.60
| 9.32
|
|
| 277.05
| 278.35
| 1.30
| 5.41
|
|
| 287.00
| 287.55
| 0.55
| 4.90
|
|
| 312.80
| 313.30
| 0.50
| 8.45
| CM-18-103
|
| 42.15
| 44.85
| 2.70
| 42.88
|
|
| 58.20
| 58.70
| 0.50
| 32.40
|
|
| 140.80
| 141.80
| 1.00
| 7.40
| CM-18-104
|
| 126.40
| 126.90
| 0.50
| 7.36
|
|
| 135.00
| 136.00
| 1.00
| 5.33
|
|
| 234.40
| 237.50
| 3.10
| 3.99
|
| Including
| 234.40
| 234.90
| 0.50
| 19.45
|
| And
| 237.00
| 237.50
| 0.50
| 4.10
| CM-18-105
|
| 31.35
| 31.85
| 0.50
| 18.95
|
|
| 53.40
| 53.90
| 0.50
| 7.87
|
|
| 116.10
| 116.80
| 0.70
| 4.12
| CM-18-106
|
| 236.00
| 243.50
| 7.50
| 4.07
|
| Including
| 238.50
| 239.30
| 0.80
| 7.05
|
| And
| 239.30
| 240.15
| 0.85
| 9.00
|
| And
| 242.00
| 243.50
| 1.50
| 6.70
|
|
| 282.60
| 286.20
| 3.60
| 4.83
|
| Including
| 282.60
| 283.40
| 0.80
| 16.80
|
|
| 317.00
| 317.50
| 0.50
| 29.50
|
|
| 383.85
| 385.00
| 1.15
| 11.00
| CM-18-107
|
| 29.85
| 31.20
| 1.35
| 7.37
|
|
| 35.40
| 37.90
| 2.50
| 19.44
|
| Including
| 35.40
| 36.00
| 0.60
| 30.40
|
| And
| 36.00
| 36.50
| 0.50
| 16.00
|
| And
| 37.00
| 37.90
| 0.90
| 23.20
|
|
| 60.00
| 60.85
| 0.85
| 26.40
|
|
| 87.30
| 89.00
| 1.70
| 49.40
| CM-18-108
|
| 39.50
| 40.00
| 0.50
| 4.45
|
|
| 67.50
| 68.75
| 1.25
| 18.15
|
|
| 144.00
| 144.50
| 0.50
| 4.51
| CM-18-109
|
| 200.50
| 204.10
| 3.60
| 5.44
|
| Including
| 200.50
| 201.00
| 0.50
| 35.30
| CM-18-110
| No Significant Assays
|
|
|
|
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 ID
| Azimuth
| Dip
| CM-18-051
| 127
| -53
| CM-18-052
| 133
| -56
| CM-18-053
| 138
| -52
| CM-18-054
| 323
| -62
| CM-18-055
| 130
| -63
| CM-18-056
| 119
| -65
| CM-18-057
| 122
| -49
| CM-18-058
| 136
| -54
| CM-18-059
| 145
| -56
| CM-18-060
| 114
| -48
| CM-18-061
| 290
| -50
| CM-18-062
| 131
| -41
| CM-18-063
| 151
| -46
| CM-18-064
| 110
| -63
| CM-18-065
| 137
| -44
| CM-18-066
| 145
| -63
| CM-18-067
| 148
| -55
| CM-18-068
| 142
| -50
| CM-18-069
| 137
| -42
| CM-18-070
| 137
| -46
| CM-18-071
| 118
| -59
| CM-18-072
| 131
| -52
| CM-18-073
| 139
| -57
| CM-18-074
| 133
| -59
| CM-18-075
| 133
| -47
| CM-18-076
| 120
| -66
| CM-18-077
| 127
| -50
| CM-18-078
| 156
| -60
| CM-18-079
| 136
| -51
| CM-18-080
| 145
| -50
| CM-18-081
| 117
| -50
| CM-18-082
| 140
| -45
| CM-18-083
| 130
| -45
| CM-18-084
| 128
| -66
| CM-18-085
| 126
| -45
| CM-18-086
| 230
| -45
| CM-18-087
| 145
| -44
| CM-18-088
| 125
| -60
| CM-18-089
| 127
| -56
| CM-18-090
| 117
| -64
| CM-18-091
| 230
| -45
| CM-18-092
| 112
| -45
| CM-18-093
| 130
| -66
| CM-18-094
| 122
| -51
| CM-18-095
| 128
| -53
| CM-18-096
| 105
| -47
| CM-18-097
| 118
| -45
| CM-18-098
| 130
| -66
| CM-18-099
| 139
| -47
| CM-18-100
| 120
| -48
| CM-18-101
| 230
| -65
| CM-18-102
| 115
| -53
| CM-18-103
| 230
| -60
| CM-18-104
| 140
| -51
| CM-18-105
| 139
| -45
| CM-18-106
| 112
| -50
| CM-18-107
| 146
| -65
| CM-18-108
| 128
| -51
| CM-18-109
| 144
| -45
| CM-18-110
| 313
| -67
|
SOURCE Barkerville Gold Mines Ltd.
View original content to download multimedia: newswire.ca
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| | BGM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
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| From: howestreetbull | 12/18/2018 10:34:25 AM | | | | | | BGM.v BGMZF Barkerville Completes $28.5 Million Financing Of Common Shares And Flow-Through Shares; Announces 2018 Corporate Updates
by @nasdaq on December 18, 2018
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
TORONTO, Dec. 18, 2018 (GLOBE NEWSWIRE) -- Barkerville Gold Mines Ltd. (TSXV:BGM) ("Barkerville" or the "Corporation") is pleased to announce, further to its announcements on November 26, 2018 and December 6, 2018, that the Corporation has completed a brokered private placement financing of (i) 40,132,581 common shares of the Corporation that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) ("Tranche One Flow-Through Shares") at a price of $0.50 per share for gross proceeds of $20,066,290.50, (ii) 3,625,000 common shares of the Corporation that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) ("Tranche Two Flow-Through Shares") at a price of $0.40 per share for gross proceeds of $1,450,000, and (iii) 20,554,941 common shares of the Corporation ("Common Shares") at a price of $0.34 per share for gross proceeds of $6,988,679.94 (the "Offering").
The Offering was led by Haywood Securities Inc., on behalf of a syndicate of underwriters that included Cormark Securities Inc. and Canaccord Genuity Corp. (collectively, the "Underwriters"). In consideration for their services, the Corporation has paid the Underwriters a cash commission equal to 5.0% of the gross proceeds from the Offering, excluding gross proceeds received from the sale of securities to Osisko Gold Royalties Ltd and Osisko Mining Inc.
Certain subscribers under the Offering are considered to be a "related party" of the Corporation, and have subscribed for an aggregate of 20,554,941 Common Shares and 425,000 Tranche Two Flow-Through Shares for gross proceeds of $7,158,679.94. Each subscription by a "related party" of the Corporation is considered to be a "related party transaction" for purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101") and Policy 5.9 – Protection of Minority Security Holders in Special Transactions of the TSX Venture Exchange. Pursuant to MI 61-101, the Corporation has filed a material change report providing disclosure in relation to each "related party transaction" on SEDAR under Barkerville's issuer profile at www.sedar.com. The Corporation did not file the material change report more than 21 days before the expected closing date of the Offering as the details of the Offering and the participation therein by each "related party" of the Corporation were not settled until shortly prior to the closing of the Offering, and the Corporation wished to close the Offering on an expedited basis for sound business reasons. 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, insofar as it involves interested parties, is not more than the 25% 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, insofar as it involves interested parties, is not more than the 25% of the Corporation's market capitalization. The board of directors of Barkerville unanimously approved the Offering, with Sean Roosen and John Burzysnki having declared a potential conflict of interest in, and abstaining from voting on, the matters being considered.
The gross proceeds from the sale of the Tranche One and Tranche Two Flow-Through Shares will be used by the Corporation to fund the exploration and development of Barkerville's Cariboo Gold Project in central British Columbia. The net proceeds from the sale of Common Shares will be used to fund the exploration and development of the Corporation's Cariboo Gold Project in central British Columbia and for general corporate purposes.
All securities issued under the Offering are subject to a four month hold period which will expire April 19, 2019. The Offering is subject to final acceptance of the TSX Venture Exchange. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
2018 Corporate Updates
In 2018, on the exploration side, Barkerville has been actively exploring and delineating new mineral resources at the Cariboo Gold Project. A total of 123,000 meters of drilling occurred on the property in 2018, comprising 64,000 meters on Cow Mountain, 50,000 meters on Shaft Zone, 4,500 meters at Mosquito Creek and 4,800 meters on Grouse Creek Regional Target. Regional soil sampling and surface mapping also occurred in 2018. The results of this drilling will be included in an updated mineral resource estimate being prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects, which is expected to be released in 2019.
In 2018, on the mining side, Barkerville has completed test mining at Bonanza Ledge gaining great knowledge of the deposit and underground conditions, as well as developing an in-house engineering and permitting -compliance team. While the proceeds raised from the sale of "flow-through shares" under the Offering will be focused on exploration activities, test mining may resume at Bonanza Ledge, subject to receiving an amendment to the active mine permit allowing mining of the BC Vein Zone and approval by the Board of Directors of an updated mine plan for the BC Vein Zone.
When all results are received and analyzed, a corporate update summarizing 2018 test mining and exploration results, as well as outlining objectives and catalysts for 2019 will be made available in early 2019.
For more information on Barkerville Gold Mines Ltd., please contact:
Chris Lodder
President and Chief Executive Officer
155 University Avenue, Suite 1400
Toronto, Ontario, Canada
clodder@barkervillegold.com
Cautionary Statement on Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. 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 use of proceeds of the Offering; the timing and ability of the Corporation, if at all, to obtain final approval of the Offering from the TSX Venture Exchange; an exemption being available under MI 61-101 and Policy 5.9 of the TSX Venture Exchange from the minority shareholder approval and valuation requirements for each related party transaction; Barkerville's active exploration program at the Cariboo Gold Project; the timing and ability of Barkerville to complete an updated mineral resource estimate in 2019, or at all; the timing and ability of Barkerville to resume test mining at Bonanza Ledge, receive an amendment to the active mine permit and updating the internal mine plan, if at all; objectives, goals or future plans; statements regarding 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; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation's public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
BGM LOGO.png |
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| To: howestreetbull who wrote (117) | 1/10/2019 8:48:35 AM | | From: howestreetbull | | | | BGM.v $BGMZF Barkerville Gold Intersects 9.85 g/t Gold Over 10.40 Meters and 8.96 g/t Gold Over 8.60 Meters
by @newswire on January 10, 2019
HIGH-GRADE INTERCEPTS INCLUDE 102.50 G/T GOLD OVER 0.60 METER, 180.50 G/T GOLDOVER 0.55 METER, 169.50 G/T GOLD OVER 0.50 METER
TORONTO, Jan. 10, 2019 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce drilling results of 50 holes from the 2018 Cow Mountain exploration and category conversion program at the Company's flagship Cariboo Gold Project. The recent drilling results demonstrate continuity of high grade gold mineralization within vein corridors and extensions down dip and down plunge. A total of 63,970 meters in 231 holes were drilled on Cow Mountain during the 2018 drill program.
Recent highlights from the Cow Mountain exploration and delineation program include 10.47 g/t Au over 7.30 meters in hole CM-18-164, located 20 meters down dip from CM-18-159, that intersected 8.70 g/t Au over 3.35 meters within an existing vein corridor. CM-18-153 intersected 8.96 g/t Au over 8.60 meters, including high grade intercepts of 17.40 g/t Au over 0.85 meter, 9.35 g/t Au over 0.50 meter and 33.30 g/t Au over 0.70 meter.
Selected Drilling Highlights:
CM-18-151: 29.87 g/t Au over 3.85meters including 102.50 g/t Au over 0.60 metersCM-18-153: 8.96 g/t Au over 8.60 metersCM-18-158: 9.85 g/t Au over 10.40 metersCM-18-159: 169.50 g/t Au over 0.50 meterCM-18-159: 8.70 g/t Au over 3.35 metersCM-18-164: 10.47 g/t Au over 7.30 metersCM-18-172: 9.08 g/t Au over 4.55 metersCM-18-172: 35.32 g/t Au over 3.50 meters including 180.50 g/t Au over 0.55 meterCM-18-178: 73.70 g/t Au over 0.70 meterCM-18-186: 10.39 g/t Au over 3.65 metersCM-18-187: 11.09 g/t Au over 3.10 metersCM-18-197: 7.05 g/t Au over 6.65 metersCM-18-198: 45.50 g/t Au over 0.95 meter
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.
|
A drill hole location plan map and section are presented below. Detailed drilling results are presented at the end of this release. The Cow Mountain 3D deposit model with assay highlights is located on the Company's website:
Barkerville Gold Mines Ltd. 3D Deposit Model
The drill program at Cow Mountain was designed to infill and expand high-grade gold-mineralized vein corridors modelled in the May 2018 Cow Mountain resource estimate. Vein corridors are defined as a high-density network of mineralized quartz veins within the sandstones. Mineralized quartz veins on the Cariboo Gold Project are overall sub-vertical dip and northeast strike. These corridors have been defined from surface to a vertical depth of up to 300 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).
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 Cow Mountain
|
|
|
|
|
| HOLE ID
|
| FROM
| TO
| LENGTH (M)
| AU (G/T)
| CM-18-151
|
| 37.50
| 39.20
| 1.70
| 19.52
|
| Including
| 37.50
| 38.00
| 0.50
| 58.40
|
| And
| 38.70
| 39.20
| 0.50
| 7.43
|
|
| 50.60
| 53.00
| 2.40
| 3.95
|
| Including
| 51.50
| 52.00
| 0.50
| 7.56
|
| And
| 52.50
| 53.00
| 0.50
| 6.41
|
|
| 73.70
| 74.20
| 0.50
| 6.26
|
|
| 89.50
| 93.35
| 3.85
| 29.87
|
| Including
| 89.50
| 90.05
| 0.55
| 10.10
|
| And
| 90.05
| 90.65
| 0.60
| 102.50
|
| And
| 92.60
| 93.35
| 0.75
| 59.20
|
|
| 217.50
| 218.00
| 0.50
| 4.83
| CM-18-152
|
| 75.60
| 76.10
| 0.50
| 4.48
|
|
| 250.50
| 253.35
| 2.85
| 7.86
|
| Including
| 250.50
| 251.25
| 0.75
| 26.40
|
|
| 273.15
| 273.65
| 0.50
| 17.15
|
|
| 283.20
| 283.70
| 0.50
| 26.10
|
|
| 359.80
| 360.80
| 1.00
| 7.01
| CM-18-153
|
| 237.90
| 246.50
| 8.60
| 8.96
|
| Including
| 241.20
| 242.05
| 0.85
| 17.40
|
| And
| 242.05
| 242.55
| 0.50
| 9.35
|
| And
| 244.15
| 244.85
| 0.70
| 33.30
|
|
| 251.25
| 251.75
| 0.50
| 6.79
|
|
| 262.30
| 262.80
| 0.50
| 4.38
| CM-18-154
|
| 48.00
| 48.60
| 0.60
| 6.46
| CM-18-155
| No Significant Assays
|
|
|
|
| CM-18-156
|
| 63.00
| 63.50
| 0.50
| 7.25
|
|
| 106.00
| 106.50
| 0.50
| 4.20
|
|
| 148.35
| 148.85
| 0.50
| 24.30
|
|
| 181.00
| 182.50
| 1.50
| 4.81
| CM-18-157
|
| 43.60
| 44.20
| 0.60
| 4.62
| CM-18-158
|
| 189.10
| 199.50
| 10.40
| 9.85
|
| Including
| 189.10
| 190.10
| 1.00
| 48.90
|
| And
| 190.10
| 190.80
| 0.70
| 10.20
|
| And
| 194.50
| 195.10
| 0.60
| 9.78
|
| And
| 195.10
| 196.00
| 0.90
| 16.85
|
| And
| 197.20
| 198.00
| 0.80
| 16.55
|
|
| 239.50
| 240.00
| 0.50
| 4.98
|
|
| 273.90
| 274.50
| 0.60
| 4.36
|
|
| 399.70
| 401.35
| 1.65
| 8.35
|
| Including
| 400.60
| 401.35
| 0.75
| 10.70
| CM-18-159
|
| 140.70
| 141.20
| 0.50
| 169.50
|
|
| 150.60
| 151.20
| 0.60
| 8.25
|
|
| 157.20
| 161.15
| 3.95
| 5.50
|
| Including
| 158.20
| 159.00
| 0.80
| 14.55
|
| And
| 159.00
| 160.00
| 1.00
| 8.76
|
|
| 203.40
| 205.90
| 2.50
| 8.38
|
| Including
| 205.20
| 205.90
| 0.70
| 27.20
|
|
| 217.50
| 218.00
| 0.50
| 4.81
|
|
| 233.30
| 233.80
| 0.50
| 8.43
|
|
| 242.70
| 243.40
| 0.70
| 4.75
|
|
| 339.20
| 341.70
| 2.50
| 6.75
|
| Including
| 340.00
| 340.70
| 0.70
| 7.50
|
| And
| 340.70
| 341.70
| 1.00
| 8.76
|
|
| 347.55
| 348.05
| 0.50
| 8.10
|
|
| 349.65
| 353.00
| 3.35
| 8.70
|
| Including
| 349.65
| 350.65
| 1.00
| 15.65
|
| And
| 352.35
| 353.00
| 0.65
| 18.85
|
|
| 359.90
| 360.40
| 0.50
| 8.13
| CM-18-160
|
| 177.50
| 178.15
| 0.65
| 8.64
|
|
| 250.85
| 252.00
| 1.15
| 10.52
|
| Including
| 250.85
| 251.50
| 0.65
| 15.45
|
|
| 328.15
| 329.00
| 0.85
| 5.14
| CM-18-161
|
| 52.70
| 53.75
| 1.05
| 19.65
|
|
| 57.40
| 57.90
| 0.50
| 10.00
|
|
| 66.45
| 67.00
| 0.55
| 4.97
|
|
| 114.30
| 115.00
| 0.70
| 21.70
|
|
| 189.50
| 195.00
| 5.50
| 4.78
|
| Including
| 191.00
| 192.00
| 1.00
| 11.05
|
| And
| 193.50
| 195.00
| 1.50
| 7.19
| CM-18-162
|
| 109.40
| 110.00
| 0.60
| 17.10
|
|
| 118.90
| 119.50
| 0.60
| 11.20
| CM-18-163
|
| 67.50
| 72.00
| 4.50
| 4.90
|
| Including
| 67.50
| 68.30
| 0.80
| 15.40
|
| And
| 71.20
| 72.00
| 0.80
| 8.33
|
|
| 189.90
| 190.50
| 0.60
| 12.75
| CM-18-164
|
| 194.10
| 194.80
| 0.70
| 14.45
|
|
| 201.90
| 202.40
| 0.50
| 6.33
|
|
| 221.60
| 222.10
| 0.50
| 21.40
|
|
| 223.60
| 224.20
| 0.60
| 4.40
|
|
| 230.50
| 231.00
| 0.50
| 21.80
|
|
| 241.20
| 241.70
| 0.50
| 8.11
|
|
| 246.50
| 247.00
| 0.50
| 5.14
|
|
| 257.25
| 257.75
| 0.50
| 4.51
|
|
| 303.70
| 304.25
| 0.55
| 4.00
|
|
| 321.30
| 321.80
| 0.50
| 5.39
|
|
| 348.80
| 350.45
| 1.65
| 18.35
|
| Including
| 348.80
| 349.45
| 0.65
| 15.05
|
| And
| 349.95
| 350.45
| 0.50
| 40.50
|
|
| 360.20
| 360.70
| 0.50
| 9.44
|
|
| 365.70
| 373.00
| 7.30
| 10.47
|
| Including
| 365.70
| 366.25
| 0.55
| 49.30
|
| And
| 368.00
| 368.75
| 0.75
| 23.20
|
| And
| 369.45
| 370.15
| 0.70
| 11.65
|
| And
| 371.40
| 372.20
| 0.80
| 11.95
| CM-18-165
|
| 74.50
| 76.00
| 1.50
| 5.02
|
|
| 80.35
| 81.00
| 0.65
| 4.98
|
|
| 118.00
| 118.60
| 0.60
| 18.10
| CM-18-166
|
| 119.25
| 119.75
| 0.50
| 5.76
|
|
| 122.50
| 123.00
| 0.50
| 18.60
|
|
| 135.00
| 135.50
| 0.50
| 5.48
|
|
| 137.40
| 138.00
| 0.60
| 4.70
|
|
| 179.20
| 180.00
| 0.80
| 4.36
|
|
| 196.25
| 197.20
| 0.95
| 5.55
|
|
| 362.30
| 362.85
| 0.55
| 5.64
|
|
| 469.25
| 469.70
| 0.45
| 4.78
| CM-18-167
|
| 118.80
| 120.80
| 2.00
| 10.47
|
| Including
| 120.30
| 120.80
| 0.50
| 22.50
|
|
| 129.00
| 129.90
| 0.90
| 9.34
|
|
| 138.10
| 138.60
| 0.50
| 7.29
|
|
| 180.30
| 181.60
| 1.30
| 10.85
|
|
| 246.60
| 247.25
| 0.65
| 10.45
|
|
| 261.45
| 262.00
| 0.55
| 9.66
|
|
| 308.80
| 309.53
| 0.73
| 9.55
| CM-18-168
|
| 214.90
| 215.40
| 0.50
| 39.90
|
|
| 216.00
| 216.50
| 0.50
| 11.70
|
|
| 246.90
| 247.50
| 0.60
| 11.75
|
|
| 262.80
| 263.30
| 0.50
| 4.65
| CM-18-169
|
| 233.80
| 234.30
| 0.50
| 15.10
|
|
| 267.60
| 268.35
| 0.75
| 14.05
|
|
| 310.00
| 310.50
| 0.50
| 20.10
|
|
| 361.45
| 361.95
| 0.50
| 10.50
|
|
| 365.70
| 366.20
| 0.50
| 10.55
|
|
| 369.70
| 370.60
| 0.90
| 22.70
|
|
| 406.25
| 407.05
| 0.80
| 32.90
| CM-18-170
|
| 109.85
| 110.35
| 0.50
| 17.90
|
|
| 144.10
| 144.65
| 0.55
| 23.80
|
|
| 174.45
| 175.25
| 0.80
| 6.10
|
|
| 211.65
| 212.85
| 1.20
| 26.66
|
| Including
| 212.35
| 212.85
| 0.50
| 35.00
|
|
| 322.15
| 323.05
| 0.90
| 5.19
| CM-18-171
| No Significant Assays
|
|
|
|
| CM-18-172
|
| 176.25
| 180.80
| 4.55
| 9.08
|
| Including
| 179.20
| 179.75
| 0.55
| 46.30
|
| And
| 179.75
| 180.30
| 0.55
| 9.08
|
| And
| 180.30
| 180.80
| 0.50
| 9.56
|
|
| 277.55
| 281.05
| 3.50
| 35.32
|
| Including
| 277.55
| 278.10
| 0.55
| 180.50
|
| And
| 279.30
| 280.00
| 0.70
| 14.15
|
| And
| 280.00
| 281.05
| 1.05
| 12.10
|
|
| 373.10
| 375.00
| 1.90
| 5.13
|
| Including
| 374.40
| 375.00
| 0.60
| 10.15
|
|
| 409.95
| 412.40
| 2.45
| 9.07
|
| Including
| 409.95
| 411.00
| 1.05
| 11.80
|
| And
| 411.00
| 411.85
| 0.85
| 9.89
|
|
| 413.80
| 414.20
| 0.40
| 4.02
| CM-18-173
|
| 116.00
| 116.50
| 0.50
| 5.16
|
|
| 134.40
| 135.00
| 0.60
| 10.25
|
|
| 190.75
| 191.35
| 0.60
| 4.71
|
|
| 196.40
| 197.45
| 1.05
| 4.34
|
|
| 240.75
| 241.85
| 1.10
| 11.56
|
|
| 244.50
| 245.00
| 0.50
| 17.35
|
|
| 301.90
| 302.40
| 0.50
| 7.29
|
|
| 321.05
| 324.55
| 3.50
| 8.13
|
| Including
| 321.05
| 321.85
| 0.80
| 15.60
|
| And
| 323.85
| 324.55
| 0.70
| 21.10
|
|
| 332.50
| 333.00
| 0.50
| 11.25
|
|
| 337.00
| 339.00
| 2.00
| 5.77
|
| Including
| 338.50
| 339.00
| 0.50
| 16.45
| CM-18-174
|
| 95.75
| 96.25
| 0.50
| 5.70
|
|
| 141.00
| 141.65
| 0.65
| 4.16
|
|
| 165.00
| 166.30
| 1.30
| 17.98
|
| Including
| 165.50
| 166.30
| 0.80
| 22.00
|
|
| 208.40
| 209.35
| 0.95
| 25.30
| CM-18-175
|
| 154.00
| 154.50
| 0.50
| 6.82
|
|
| 191.30
| 191.80
| 0.50
| 8.25
|
|
| 231.50
| 232.15
| 0.65
| 14.60
|
|
| 253.80
| 254.30
| 0.50
| 6.74
|
|
| 367.70
| 369.70
| 2.00
| 4.81
|
| Including
| 367.70
| 368.90
| 1.20
| 5.40
| CM-18-176
|
| 127.65
| 130.55
| 2.90
| 5.91
|
| Including
| 130.00
| 130.55
| 0.55
| 7.67
| CM-18-177
|
| 74.80
| 75.20
| 0.40
| 8.27
|
|
| 107.50
| 108.00
| 0.50
| 5.63
| CM-18-178
|
| 172.50
| 173.00
| 0.50
| 9.95
|
|
| 185.25
| 186.00
| 0.75
| 9.69
|
|
| 246.87
| 249.50
| 2.63
| 4.06
|
| Including
| 246.87
| 247.50
| 0.63
| 8.12
|
| And
| 249.00
| 249.50
| 0.50
| 5.76
|
|
| 255.75
| 257.10
| 1.35
| 6.35
|
|
| 261.10
| 261.60
| 0.50
| 21.90
|
|
| 268.20
| 268.90
| 0.70
| 73.70
|
|
| 271.65
| 272.20
| 0.55
| 6.96
|
|
| 294.00
| 294.75
| 0.75
| 9.49
| CM-18-179
|
| 121.80
| 122.30
| 0.50
| 10.50
|
|
| 139.95
| 141.55
| 1.60
| 5.25
|
|
| 202.80
| 204.00
| 1.20
| 35.44
|
| Including
| 202.80
| 203.50
| 0.70
| 44.40
|
|
| 205.80
| 206.30
| 0.50
| 4.30
|
|
| 213.00
| 214.50
| 1.50
| 5.86
| CM-18-180
|
| 158.50
| 159.00
| 0.50
| 5.07
|
|
| 175.00
| 175.50
| 0.50
| 13.40
| CM-18-181
|
| 70.10
| 70.60
| 0.50
| 7.72
|
|
| 328.10
| 328.60
| 0.50
| 5.37
| CM-18-182
|
| 106.90
| 108.00
| 1.10
| 7.48
|
|
| 128.25
| 130.50
| 2.25
| 5.25
|
| Including
| 129.00
| 129.85
| 0.85
| 10.85
|
|
| 197.85
| 201.80
| 3.95
| 7.63
|
| Including
| 197.85
| 198.50
| 0.65
| 18.80
|
| And
| 200.20
| 201.00
| 0.80
| 14.60
|
|
| 292.95
| 294.20
| 1.25
| 6.98
|
| Including
| 292.95
| 293.70
| 0.75
| 9.78
| CM-18-183
|
| 223.70
| 224.20
| 0.50
| 64.80
|
|
| 261.55
| 262.00
| 0.45
| 4.87
|
|
| 283.60
| 286.50
| 2.90
| 8.66
|
| Including
| 283.60
| 284.10
| 0.50
| 8.83
|
| And
| 284.60
| 285.45
| 0.85
| 18.65
| CM-18-184
|
| 171.00
| 172.10
| 1.10
| 5.93
|
| Including
| 171.00
| 171.50
| 0.50
| 10.50
|
|
| 211.60
| 212.10
| 0.50
| 7.80
|
|
| 223.20
| 223.70
| 0.50
| 7.73
|
|
| 226.00
| 226.50
| 0.50
| 41.40
|
|
| 240.40
| 242.10
| 1.70
| 11.42
|
| Including
| 240.40
| 241.00
| 0.60
| 9.05
|
| And
| 241.60
| 242.10
| 0.50
| 27.80
| CM-18-185
| No Significant Assays
|
|
|
|
| CM-18-186
|
| 95.20
| 96.60
| 1.40
| 19.92
|
| Including
| 95.20
| 96.00
| 0.80
| 25.30
|
|
| 122.00
| 122.50
| 0.50
| 4.56
|
|
| 199.20
| 201.50
| 2.30
| 7.86
|
| Including
| 201.00
| 201.50
| 0.50
| 21.70
|
|
| 228.00
| 228.50
| 0.50
| 12.95
|
|
| 239.50
| 240.00
| 0.50
| 4.73
|
|
| 261.45
| 265.10
| 3.65
| 10.39
|
| Including
| 261.45
| 262.10
| 0.65
| 20.80
|
| And
| 262.10
| 263.00
| 0.90
| 21.50
|
| And
| 264.55
| 265.10
| 0.55
| 7.78
| CM-18-187
|
| 49.50
| 50.50
| 1.00
| 21.60
|
|
| 81.30
| 81.80
| 0.50
| 12.90
|
|
| 118.30
| 118.80
| 0.50
| 41.50
|
|
| 148.90
| 149.60
| 0.70
| 5.81
|
|
| 214.20
| 217.30
| 3.10
| 11.09
|
| Including
| 214.20
| 214.70
| 0.50
| 9.13
|
| And
| 214.70
| 215.40
| 0.70
| 17.80
|
| And
| 216.30
| 217.30
| 1.00
| 15.75
|
|
| 368.50
| 369.50
| 1.00
| 5.21
| CM-18-188
|
| 219.00
| 219.50
| 0.50
| 12.85
| CM-18-189
|
| 92.90
| 93.60
| 0.70
| 5.42
|
|
| 101.50
| 104.90
| 3.40
| 6.29
|
| Including
| 102.70
| 103.25
| 0.55
| 34.00
|
|
| 244.65
| 245.20
| 0.55
| 20.30
|
|
| 260.40
| 261.00
| 0.60
| 5.41
| CM-18-190
|
| 62.50
| 64.00
| 1.50
| 4.42
|
|
| 230.25
| 230.75
| 0.50
| 7.66
|
|
| 262.15
| 263.00
| 0.85
| 3.76
| CM-18-191
| No Significant Assays
|
|
|
|
| CM-18-192
|
| 10.75
| 11.40
| 0.65
| 12.20
|
|
| 69.00
| 69.50
| 0.50
| 5.31
|
|
| 78.50
| 79.00
| 0.50
| 5.89
|
|
| 101.50
| 102.00
| 0.50
| 6.43
|
|
| 172.00
| 173.50
| 1.50
| 6.56
|
|
| 183.60
| 184.10
| 0.50
| 20.50
|
|
| 198.20
| 198.70
| 0.50
| 8.32
|
|
| 235.20
| 235.70
| 0.50
| 12.50
| CM-18-193
|
| 60.00
| 60.50
| 0.50
| 6.88
| CM-18-194
|
| 209.85
| 210.40
| 0.55
| 5.37
| CM-18-195
|
| 67.70
| 68.40
| 0.70
| 6.11
|
|
| 129.80
| 130.30
| 0.50
| 4.15
|
|
| 212.15
| 212.75
| 0.60
| 8.37
|
|
| 224.35
| 225.00
| 0.65
| 5.58
|
|
| 229.75
| 230.30
| 0.55
| 21.40
| CM-18-196
|
| 30.00
| 31.00
| 1.00
| 5.73
|
|
| 79.10
| 79.60
| 0.50
| 14.70
|
|
| 135.70
| 136.70
| 1.00
| 9.61
|
| Including
| 135.70
| 136.20
| 0.50
| 11.00
|
|
| 183.00
| 183.50
| 0.50
| 5.93
| CM-18-197
|
| 12.45
| 19.10
| 6.65
| 7.05
|
| Including
| 12.45
| 12.95
| 0.50
| 64.20
|
| And
| 17.45
| 18.45
| 1.00
| 7.78
|
| And
| 18.45
| 19.10
| 0.65
| 5.72
|
|
| 44.05
| 44.55
| 0.50
| 52.90
|
|
| 61.00
| 62.00
| 1.00
| 4.23
|
|
| 93.00
| 93.50
| 0.50
| 21.90
|
|
| 117.50
| 119.00
| 1.50
| 10.62
|
| Including
| 117.50
| 118.00
| 0.50
| 24.10
|
| And
| 118.50
| 119.00
| 0.50
| 7.73
|
|
| 176.45
| 176.95
| 0.50
| 5.45
|
|
| 188.00
| 188.60
| 0.60
| 28.80
| CM-18-198
|
| 113.30
| 114.25
| 0.95
| 45.50
|
|
| 120.90
| 123.00
| 2.10
| 4.30
|
| Including
| 121.55
| 122.05
| 0.50
| 8.95
|
|
| 218.10
| 218.65
| 0.55
| 11.00
| CM-18-199
|
| 208.35
| 209.30
| 0.95
| 45.00
|
|
| 223.50
| 224.50
| 1.00
| 12.20
| CM-18-200
|
| 83.90
| 84.75
| 0.85
| 11.35
|
|
| 199.20
| 200.00
| 0.80
| 4.35
|
|
| 252.35
| 253.65
| 1.30
| 9.61
|
|
| 261.15
| 261.95
| 0.80
| 7.78
|
|
| 297.15
| 297.65
| 0.50
| 5.40
|
Table 2: Drillhole Collar Orientations:
HOLE ID
| Azimuth
| Dip
| CM-18-151
| 125
| -50
| CM-18-152
| 137
| -54
| CM-18-153
| 134
| -56
| CM-18-154
| 129
| -60
| CM-18-155
| 121
| -58
| CM-18-156
| 286
| -66
| CM-18-157
| 140
| -51
| CM-18-158
| 129
| -48
| CM-18-160
| 130
| -52
| CM-18-159
| 118
| -54
| CM-18-161
| 284
| -60
| CM-18-162
| 325
| -45
| CM-18-163
| 326
| -65
| CM-18-164
| 138
| -47
| CM-18-165
| 152
| -47
| CM-18-166
| 131
| -49
| CM-18-167
| 120
| -56
| CM-18-169
| 137
| -51
| CM-18-170
| 136
| -50
| CM-18-171
| 123
| -53
| CM-18-173
| 124
| -53
| CM-18-172
| 139
| -52
| CM-18-174
| 132
| -56
| CM-18-175
| 132
| -55
| CM-18-176
| 125
| -50
| CM-18-177
| 130
| -58
| CM-18-178
| 129
| -46
| CM-18-179
| 144
| -53
| CM-18-168
| 131
| -49
| CM-18-180
| 117
| -45
| CM-18-181
| 126
| -54
| CM-18-182
| 140
| -57
| CM-18-185
| 150
| -59
| CM-18-183
| 120
| -51
| CM-18-184
| 148
| -53
| CM-18-186
| 152
| -65
| CM-18-187
| 114
| -51
| CM-18-188
| 123
| -54
| CM-18-189
| 140
| -57
| CM-18-190
| 137
| -52
| CM-18-191
| 315
| -56
| CM-18-192
| 296
| -47
| CM-18-195
| 139
| -47
| CM-18-193
| 115
| -59
| CM-18-194
| 123
| -50
| CM-18-196
| 294
| -56
| CM-18-197
| 313
| -54
| CM-18-198
| 136
| -45
| CM-18-199
| 135
| -53
| CM-18-200
| 139
| -52
|
SOURCE Barkerville Gold Mines Ltd.
View original content to download multimedia: newswire.ca
|
| | BGM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: howestreetbull | 1/23/2019 8:58:52 AM | | | | | | BGM.v $BGMZF Barkerville Gold Intersects 30.16 G/t Gold Over 2.80 Meters and 11.77 G/t Gold Over 5.00 Meters
V.BGM | 47 minutes ago
Canada NewsWire
TORONTO, Jan. 23, 2019
HIGH-GRADE INTERCEPTS INCLUDE 98.80 G/T GOLD OVER 0.80 METER 105 G/T GOLD OVER 0.50 METER
TORONTO, Jan. 23, 2019 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce the final drilling results from the 2018 Cow Mountain exploration and category conversion program at the Company's flagship Cariboo Gold Project. A total of 63,970 meters were drilled in 231 holes on Cow Mountain during the 2018 drill program and demonstrated continuity of high-grade gold mineralization within vein corridors and extensions down dip and down plunge.
Recent highlights from the Cow Mountain exploration and delineation program include 12.26 g/t Au over 7.60 meters in hole CM-18-206 including high-grade intercept of 97.8 g/t Au over 0.80 meter, located 15 meters up dip of hole CM-18-140 that intersected 37.87 g/t Au over 4.75 meters. The Company is currently working on an updated model to include the additional 231 holes.
Selected Drilling Highlights:
CM-18-201: 30.16 g/t Au over 2.8 metersCM-18-206: 12.26 g/t Au over 7.60 meters including 97.8 g/t Au over 0.80 metersCM-18-211: 105 g/t Au over 0.50 metersCM-18-220: 7.24 g/t Au over 5.50 metersCM-18-222: 11.77 g/t Au over 5.00 meters CM-18-222: 11.08 g/t Au over 6.00 metersCM-18-227: 46.49 g/t Au over 1.95 metersCM-18-231: 18.79 g/t Au over 3.95 metersTrue 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.
A drill hole location plan map and section are presented below. Detailed drilling results are presented at the end of this release. The Cow Mountain 3D deposit model with assay highlights is located on the Company's website:
Barkerville Gold Mines Ltd. 3D Deposit Model
The drill program at Cow Mountain was designed to infill and expand high-grade gold-mineralized vein corridors modelled in the May 2018 Cow Mountain resource estimate. Vein corridors are defined as a high-density network of mineralized quartz veins within the sandstones. Mineralized quartz veins on the Cariboo Gold Project are overall sub-vertical dip and northeast strike. These corridors have been defined from surface to a vertical depth of up to 300 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).
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 upgrading and expanding the May 2018 43-101 compliant resource within the 8 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 completing required studies in order to pemit underground mining on Cow and Island Mountains.
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.
image: mma.prnewswire.com
image: mma.prnewswire.com
image: mma.prnewswire.com
Table 1: Length Weighted Gold Composites from Cow Mountain
|
|
|
|
|
| HOLE ID
|
| FROM
| TO
| LENGTH
(M)
| AU (G/T)
| CM-18-201
|
| 15.55
| 16.55
| 1.00
| 24.50
|
|
| 46.65
| 47.25
| 0.60
| 61.60
|
|
| 56.75
| 57.25
| 0.50
| 98.50
|
|
| 117.50
| 120.30
| 2.80
| 30.16
|
| Including
| 117.50
| 118.85
| 1.35
| 7.18
|
| And
| 119.40
| 120.30
| 0.90
| 83.00
|
|
| 127.50
| 128.15
| 0.65
| 5.56
|
|
| 188.20
| 188.75
| 0.55
| 34.30
| CM-18-202
|
| 27.65
| 28.15
| 0.50
| 11.75
|
|
| 39.65
| 43.45
| 3.80
| 7.42
|
| Including
| 39.65
| 40.15
| 0.50
| 12.25
|
| And
| 40.15
| 40.65
| 0.50
| 22.50
|
| And
| 42.65
| 43.45
| 0.80
| 8.91
|
|
| 48.55
| 49.05
| 0.50
| 44.90
|
|
| 64.10
| 69.00
| 4.90
| 5.80
|
| Including
| 64.60
| 65.15
| 0.55
| 15.55
|
| And
| 65.15
| 65.90
| 0.75
| 15.70
|
|
| 79.25
| 79.80
| 0.55
| 5.85
|
|
| 187.50
| 188.00
| 0.50
| 12.00
| CM-18-203
|
| 109.50
| 110.00
| 0.50
| 14.50
|
|
| 161.80
| 162.80
| 1.00
| 16.95
|
|
| 212.70
| 214.25
| 1.55
| 4.82
|
| Including
| 212.70
| 213.45
| 0.75
| 7.97
| CM-18-204
|
| 42.00
| 42.80
| 0.80
| 3.76
| CM-18-205
|
| 203.00
| 203.50
| 0.50
| 6.67
|
|
| 225.50
| 226.00
| 0.50
| 3.62
| CM-18-206
|
| 69.95
| 70.45
| 0.50
| 4.23
|
|
| 77.50
| 78.00
| 0.50
| 8.77
|
|
| 214.00
| 221.60
| 7.60
| 12.26
|
| Including
| 214.00
| 214.50
| 0.50
| 5.72
|
| And
| 215.70
| 216.55
| 0.85
| 5.44
|
| And
| 217.80
| 218.30
| 0.50
| 10.05
|
| And
| 220.80
| 221.60
| 0.80
| 97.80
|
|
| 240.00
| 240.50
| 0.50
| 4.07
| CM-18-207
|
| 62.65
| 63.25
| 0.60
| 11.50
|
|
| 92.65
| 94.30
| 1.65
| 24.11
|
| Including
| 92.65
| 93.25
| 0.60
| 58.30
| CM-18-208
|
| 74.10
| 75.70
| 1.60
| 4.47
|
| Including
| 75.20
| 75.70
| 0.50
| 11.10
|
|
| 101.15
| 101.75
| 0.60
| 5.68
| CM-18-209
|
| 126.10
| 127.00
| 0.90
| 9.35
|
|
| 152.70
| 154.00
| 1.30
| 3.78
|
|
| 176.00
| 176.70
| 0.70
| 14.05
| CM-18-210
|
| 33.70
| 34.75
| 1.05
| 3.62
|
|
| 88.00
| 90.35
| 2.35
| 7.68
|
| Including
| 88.00
| 88.50
| 0.50
| 16.50
|
| And
| 89.65
| 90.35
| 0.70
| 13.55
|
|
| 112.25
| 115.65
| 3.40
| 5.55
|
| Including
| 112.25
| 112.90
| 0.65
| 17.05
| CM-18-211
|
| 47.25
| 50.60
| 3.35
| 16.97
|
| Including
| 47.25
| 47.75
| 0.50
| 11.85
|
| And
| 47.75
| 48.35
| 0.60
| 67.30
|
| And
| 50.10
| 50.60
| 0.50
| 20.80
|
|
| 56.30
| 56.85
| 0.55
| 6.68
|
|
| 59.70
| 60.20
| 0.50
| 14.40
|
|
| 69.20
| 69.70
| 0.50
| 5.09
|
|
| 119.80
| 120.30
| 0.50
| 105.00
|
|
| 139.40
| 140.30
| 0.90
| 7.89
|
|
| 146.05
| 148.05
| 2.00
| 14.39
|
| Including
| 146.90
| 147.55
| 0.65
| 43.30
|
|
| 165.20
| 166.35
| 1.15
| 9.99
|
|
| 276.40
| 276.90
| 0.50
| 7.91
| CM-18-212
|
| 51.80
| 52.30
| 0.50
| 35.10
| CM-18-213
|
| 121.00
| 126.20
| 5.20
| 6.08
|
| Including
| 124.25
| 124.75
| 0.50
| 58.50
|
|
| 134.70
| 136.00
| 1.30
| 5.03
| CM-18-214
|
| 82.25
| 82.75
| 0.50
| 18.80
|
|
| 211.80
| 215.35
| 3.55
| 7.18
|
| Including
| 211.80
| 212.30
| 0.50
| 9.56
|
| And
| 212.30
| 213.00
| 0.70
| 14.40
|
| And
| 213.00
| 213.80
| 0.80
| 9.35
| CM-18-215
|
| 17.30
| 18.00
| 0.70
| 56.10
|
|
| 91.05
| 92.20
| 1.15
| 7.76
|
|
| 94.20
| 94.90
| 0.70
| 7.13
|
|
| 109.85
| 110.70
| 0.85
| 9.10
| CM-18-216
|
| 22.80
| 25.70
| 2.90
| 5.88
|
| Including
| 22.80
| 23.45
| 0.65
| 12.05
|
| And
| 25.00
| 25.70
| 0.70
| 12.80
|
|
| 43.75
| 46.95
| 3.20
| 5.36
|
| Including
| 43.75
| 44.25
| 0.50
| 16.50
|
| And
| 46.00
| 46.95
| 0.95
| 9.21
|
|
| 64.30
| 64.80
| 0.50
| 4.29
|
|
| 71.30
| 71.95
| 0.65
| 4.29
|
|
| 76.90
| 77.60
| 0.70
| 4.52
|
|
| 90.60
| 92.50
| 1.90
| 6.97
|
| Including
| 90.60
| 91.50
| 0.90
| 11.65
|
|
| 109.50
| 110.15
| 0.65
| 15.55
|
|
| 114.95
| 116.50
| 1.55
| 9.87
|
| Including
| 114.95
| 115.55
| 0.60
| 17.80
|
| And
| 116.00
| 116.50
| 0.50
| 7.82
|
|
| 135.90
| 136.50
| 0.60
| 8.48
|
|
| 159.10
| 159.70
| 0.60
| 5.00
| CM-18-217
|
| 15.00
| 16.10
| 1.10
| 9.99
|
|
| 43.00
| 44.50
| 1.50
| 20.70
|
|
| 119.65
| 120.15
| 0.50
| 4.03
|
|
| 261.90
| 262.45
| 0.55
| 7.53
|
|
| 290.85
| 291.40
| 0.55
| 12.95
|
|
| 316.20
| 316.85
| 0.65
| 8.74
|
|
| 347.65
| 349.35
| 1.70
| 8.45
| CM-18-218
|
| 51.15
| 51.85
| 0.70
| 8.48
|
|
| 76.70
| 78.30
| 1.60
| 5.04
|
| Including
| 76.70
| 77.20
| 0.50
| 11.75
| CM-18-219
| No Significant Assays
|
|
|
| CM-18-220
|
| 17.50
| 18.90
| 1.40
| 13.75
|
|
| 82.70
| 83.50
| 0.80
| 10.25
|
|
| 87.00
| 92.50
| 5.50
| 7.24
|
| Including
| 87.00
| 88.10
| 1.10
| 26.20
|
| And
| 91.00
| 92.50
| 1.50
| 5.28
| CM-18-221
|
| 18.90
| 19.70
| 0.80
| 4.60
|
|
| 67.35
| 68.60
| 1.25
| 11.55
| CM-18-222
|
| 29.00
| 34.00
| 5.00
| 11.77
|
| Including
| 29.00
| 30.00
| 1.00
| 50.20
|
| And
| 33.50
| 34.00
| 0.50
| 11.10
|
|
| 90.40
| 96.40
| 6.00
| 11.08
|
| Including
| 90.40
| 91.20
| 0.80
| 12.50
|
| And
| 95.70
| 96.40
| 0.70
| 77.30
| CM-18-223
| No Significant Assays
|
|
|
| CM-18-224
|
| 22.40
| 23.00
| 0.60
| 5.37
|
|
| 76.50
| 77.00
| 0.50
| 15.90
|
|
| 83.70
| 84.70
| 1.00
| 4.74
|
|
| 87.40
| 88.30
| 0.90
| 21.10
| CM-18-225
| No Significant Assays
|
|
|
| CM-18-226
|
| 34.15
| 35.15
| 1.00
| 29.10
|
|
| 93.15
| 94.10
| 0.95
| 10.65
|
|
| 110.00
| 111.10
| 1.10
| 4.58
| CM-18-227
|
| 40.10
| 42.05
| 1.95
| 46.49
|
| Including
| 40.10
| 40.90
| 0.80
| 65.60
|
| And
| 41.40
| 42.05
| 0.65
| 58.70
| CM-18-228
|
| 78.20
| 78.80
| 0.60
| 10.90
|
|
| 143.80
| 144.90
| 1.10
| 6.27
|
|
| 147.50
| 148.00
| 0.50
| 5.78
|
|
| 208.50
| 209.00
| 0.50
| 4.91
| CM-18-229
|
| 126.00
| 126.70
| 0.70
| 23.30
|
|
| 136.80
| 140.90
| 4.10
| 6.63
|
| Including
| 139.40
| 140.90
| 1.50
| 15.90
|
|
| 147.00
| 149.60
| 2.60
| 5.82
|
| Including
| 148.15
| 149.00
| 0.85
| 11.75
|
|
| 154.50
| 155.85
| 1.35
| 6.69
| CM-18-230
|
| 104.95
| 105.50
| 0.55
| 27.90
|
|
| 150.90
| 151.70
| 0.80
| 14.90
|
|
| 212.65
| 213.50
| 0.85
| 36.50
|
|
| 221.30
| 225.00
| 3.70
| 6.35
|
| Including
| 221.30
| 222.00
| 0.70
| 4.12
|
| And
| 223.90
| 225.00
| 1.10
| 18.40
| CM-18-231
|
| 30.30
| 31.00
| 0.70
| 6.66
|
|
| 47.10
| 49.50
| 2.40
| 13.80
|
| Including
| 47.10
| 47.60
| 0.50
| 22.90
|
| And
| 49.00
| 49.50
| 0.50
| 35.70
|
|
| 61.75
| 65.70
| 3.95
| 18.79
|
| Including
| 64.90
| 65.70
| 0.80
| 89.20
|
|
| 84.25
| 84.80
| 0.55
| 34.10
|
|
| 169.50
| 170.20
| 0.70
| 6.63
|
|
| 277.00
| 277.50
| 0.50
| 7.37
|
Table 2: Drillhole Collar Orientations:
HOLE ID
| AZIMUTH
| DIP
| CM-18-201
| 309
| -49
| CM-18-202
| 142
| -46
| CM-18-203
| 141
| -65
| CM-18-204
| 140
| -45
| CM-18-205
| 310
| -45
| CM-18-206
| 139
| -45
| CM-18-207
| 140
| -60
| CM-18-208
| 136
| -59
| CM-18-209
| 310
| -60
| CM-18-210
| 296
| -45
| CM-18-211
| 142
| -53
| CM-18-212
| 139
| -50
| CM-18-213
| 131
| -56
| CM-18-214
| 155
| -52
| CM-18-215
| 289
| -58
| CM-18-216
| 130
| -60
| CM-18-217
| 136
| -50
| CM-18-218
| 289
| -45
| CM-18-219
| 116
| -45
| CM-18-220
| 290
| -65
| CM-18-221
| 304
| -44
| CM-18-222
| 140
| -63
| CM-18-223
| 113
| -54
| CM-18-224
| 300
| -51
| CM-18-225
| 140
| -49
| CM-18-226
| 145
| -55
| CM-18-227
| 139
| -54
| CM-18-228
| 146
| -61
| CM-18-229
| 120
| -52
| CM-18-230
| 139
| -60
| CM-18-231
| 150
| -50
|
image: mma.prnewswire.com
SOURCE Barkerville Gold Mines Ltd.
image: rt.newswire.ca
 View original content to download multimedia: newswire.ca
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| To: howestreetbull who wrote (119) | 3/26/2019 8:22:24 AM | | From: howestreetbull | | | | BGM.v $BGMZF BGM Expands Mineralization by 175 Meters at Island Mountain
by @newswire on March 26, 2019
NEW DRILLING INTERSECTS 19.34 G/T GOLD OVER 17.9 METERS
TORONTO, March 26, 2019 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM. the "Company" or "BGM") is pleased to announce the new drilling results from the 2019 Island Mountain exploration and category conversion program at the Company's flagship Cariboo Gold Project in central British Columbia.
In January 2019, BGM commenced diamond drilling with five diamond drill rigs on Island Mountain Shaft Zone and Mosquito Creek deposits to investigate down dip extensions on the mineralized vein corridors as well as shallow infill high-grade zones. New results include 19.34 g/t Au over 17.9 meters in IM-19-013, extending a mineralized vein corridor on Shaft Zone 70 meters down dip. The current mineralization on Mosquito Creek is modelled to a depth of 200 meters and recent high-grade intercepts include 10.65 g/t Au over 4.2 meters in IM-19-004 at a depth of 375 meters from surface. These results, as well as the highlights summarized below, demonstrate continuity of grade and widths within the modelled vein corridors, expansion of mineralization at depth and anomalous mineralization between the vein corridors.
Select Drilling Highlights:
IM-19-004 is located at Mosquito Creek and intersected 10.65 g/t Au over 4.2 meterswhich extended the mineralization at Mosquito Creek from 200 meters to 375 meters. This is one of the deepest holes at Mosquito Creek to date.
IM-19-007 was designed to test for new vein corridors within the sandstone along strike of the Shaft Zone to the north west. IM-19-007 assayed 10.06 g/t Au over 13.15 meters and is 20 meters from surface.
IM-19-010 intersected a mineralized zone of fine disseminated pyrite within silica sericite alteration adjacent to the Mosquito Fault and modelled vein corridors. IM-19-010 assayed 1.25 g/t Au over 33.25 meters. A sample within this zone assayed 9.57 g/t Au over 1.5 meters. This mineralization is hosted in calcareous sandstone between the vein corridors and is 120 meters down plunge of IM-18-102 that assayed 1.35 g/t Au over 32.8 meters (a sample in this zone assayed 20.1 g/t over 0.5 meter) and 60 meters down plunge of hole IM-18-155 that assayed 1.32 g/t over 45.2 meters (a sample within this zone assayed 8.89 g/t Au over 1.25 meters). Mineralization between vein corridors will significantly reduce mining dilution.
IM-19-012 is located at Shaft Zone and intersected previously unmodelled quartz vein mineralization that assayed 7.02 g/t Au over 10.25 meters.
IM-19-013 intersected three zones of mineralization. At 92 meters down hole, IM-19-013 intersected 26.24 g/t Au over 2.4 meters meters infilling a vein corridor. Further down hole, IM-19-013 intersected quartz veins with pyrite mineralization that assayed 19.34 g/t Au over 17.9 meters including a sample that assayed 151.5 g/t Au over 0.50 meterand extended a modelled vein corridor 70 meters down dip. At 442 meters down hole, 350 meters from surface, this hole intersected 15.78 g/t Au over 5.35 meters, approximately 160 meters down dip of the nearest modelled vein corridor. Visible gold was observed in this hole.
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.
A complete table of assay highlights for IM-19-001 to IM-19-015 is present below. The Shaft Zone 3D deposit model with assay highlights is located on the Company's website:
Barkerville Gold Mines Ltd. 3D Deposit Model
Mineralized quartz veins on the Cariboo Gold Project are overall sub-vertical dip and northeast strike. Vein corridors are defined as a high-density network of mineralized quartz veins within the sandstones. These corridors have been defined from surface to a vertical depth averaging 300 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.
Chris Lodder, President and CEO, comments, "again these drill results demonstrate the high probability to add significant resources below our present resources within the mineralized vein corridors on Island Mountain as well as connect the Shaft and Mosquito Creek zones".
Qualified Persons
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.
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 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 upgrading and expanding the May 2018 43-101 compliant resource within the 8 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 completing required studies in order to permit underground mining on Cow and Island Mountains.
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
HOLE ID
|
| DEPTH
FROM (M)
| DEPTH TO
(M)
| LENGTH
(M)
| AU
(G/T)
|
PURPOSE
| TARGET
| IM-19-001
|
| 71.00
| 75.00
| 4.00
| 7.64
| Infill and
Exploration
| Shaft Zone
|
| Including
| 71.00
| 71.60
| 0.60
| 40.20
|
|
|
| And
| 74.30
| 75.00
| 0.70
| 9.01
|
|
|
|
| 99.30
| 102.30
| 3.00
| 8.78
|
|
|
| Including
| 100.70
| 101.35
| 0.65
| 23.40
|
|
|
|
| 127.00
| 131.00
| 4.00
| 4.94
|
|
|
| Including
| 127.00
| 128.00
| 1.00
| 16.65
|
|
|
|
| 179.10
| 179.75
| 0.65
| 52.00
|
|
|
|
| 189.20
| 189.70
| 0.50
| 15.00
|
|
|
|
| 230.10
| 231.10
| 1.00
| 4.09
|
|
| IM-19-002
|
| 243.30
| 244.30
| 1.00
| 4.82
| Infill and
Exploration
| Shaft Zone
| IM-19-003
|
| 106.35
| 112.65
| 6.30
| 3.16
| Infill
| Shaft Zone
|
| Including
| 106.35
| 106.85
| 0.50
| 11.55
|
|
|
| And
| 111.90
| 112.65
| 0.75
| 11.60
|
|
| IM-19-004
|
| 32.65
| 36.50
| 3.85
| 3.53
| Exploration
| Mosquito
Creek
|
|
| 57.00
| 57.80
| 0.80
| 5.46
|
|
|
|
| 60.00
| 62.95
| 2.95
| 3.74
|
|
|
| Including
| 62.00
| 62.95
| 0.95
| 7.09
|
|
|
|
| 186.00
| 187.70
| 1.70
| 9.64
|
|
|
| Including
| 186.00
| 187.20
| 1.20
| 13.10
|
|
|
|
| 398.40
| 402.60
| 4.20
| 10.65
|
|
|
| Including
| 402.10
| 402.60
| 0.50
| 85.70
|
|
| IM-19-005
|
| 160.65
| 166.15
| 5.50
| 5.94
| Infill and
Exploration
| Mosquito
Creek
|
| Including
| 160.65
| 161.35
| 0.70
| 40.60
|
|
| IM-19-006
|
| 295.10
| 295.60
| 0.50
| 5.49
| Stratigraphic
| Willow
| IM-19-007
|
| 26.75
| 39.90
| 13.15
| 10.06
| Infill and
Exploration
| Shaft Zone
|
| Including
| 27.35
| 27.90
| 0.55
| 15.15
|
|
|
| And
| 36.00
| 37.00
| 1.00
| 10.45
|
|
|
| And
| 37.00
| 37.90
| 0.90
| 76.40
|
|
|
|
| 190.00
| 192.00
| 2.00
| 12.42
|
|
|
| Including
| 191.00
| 192.00
| 1.00
| 22.00
|
|
| IM-19-008
|
| 282.25
| 283.00
| 0.75
| 48.80
| Exploration
| Mosquito
Creek
|
|
| 290.90
| 291.40
| 0.50
| 15.55
|
|
|
|
| 370.40
| 371.30
| 0.90
| 7.16
|
|
|
|
| 371.30
| 372.00
| 0.70
| 6.81
|
|
|
|
| 398.20
| 399.00
| 0.80
| 14.65
|
|
|
|
| 413.10
| 413.70
| 0.60
| 7.93
|
|
| IM-19-009
|
| 18.90
| 20.40
| 1.50
| 13.15
| Infill
| Shaft Zone
|
|
| 49.90
| 51.50
| 1.60
| 6.06
|
|
|
|
| 60.35
| 61.40
| 1.05
| 16.40
|
|
|
|
| 71.30
| 72.00
| 0.70
| 4.20
|
|
|
|
| 298.50
| 299.70
| 1.20
| 5.12
|
|
| IM-19-010
|
| 158.75
| 192.00
| 33.25
| 1.25
| Exploration
| Mosquito
Creek
|
| Including
| 177.60
| 179.10
| 1.50
| 9.57
|
|
|
|
| 201.90
| 202.40
| 0.50
| 4.88
|
|
|
|
| 339.00
| 339.60
| 0.60
| 66.00
|
|
| IM-19-011
|
| 40.75
| 41.25
| 0.50
| 4.96
| Exploration
| Shaft Zone
|
|
| 228.10
| 228.65
| 0.55
| 4.02
|
|
| IM-19-012
|
| 136.00
| 136.80
| 0.80
| 3.18
| Infill
| Shaft Zone
|
|
| 147.20
| 148.40
| 1.20
| 6.35
|
|
|
|
| 150.50
| 151.00
| 0.50
| 4.55
|
|
|
|
| 153.90
| 158.25
| 4.35
| 5.18
|
|
|
| Including
| 153.90
| 154.45
| 0.55
| 10.95
|
|
|
| And
| 154.45
| 155.00
| 0.55
| 22.00
|
|
|
|
| 161.25
| 171.50
| 10.25
| 7.02
|
|
|
| Including
| 161.25
| 162.00
| 0.75
| 7.96
|
|
|
| And
| 162.00
| 163.40
| 1.40
| 31.40
|
|
|
| And
| 169.25
| 170.60
| 1.35
| 11.45
|
|
| IM-19-013
|
| 81.50
| 82.00
| 0.50
| 19.20
| Infill and
Exploration
| Shaft Zone
|
|
| 85.50
| 86.50
| 1.00
| 10.85
|
|
|
|
| 92.00
| 94.40
| 2.40
| 26.24
|
|
|
| Including
| 92.00
| 93.50
| 1.50
| 38.10
|
|
|
|
| 111.50
| 129.40
| 17.90
| 19.34
|
|
|
| Including
| 111.50
| 112.55
| 1.05
| 19.25
|
|
|
| And
| 114.55
| 115.05
| 0.50
| 151.50
|
|
|
| And
| 115.05
| 116.35
| 1.30
| 37.90
|
|
|
| And
| 116.85
| 118.35
| 1.50
| 32.80
|
|
|
| And
| 118.35
| 119.85
| 1.50
| 59.30
|
|
|
| And
| 119.85
| 121.20
| 1.35
| 9.19
|
|
|
| And
| 121.20
| 122.45
| 1.25
| 21.50
|
|
|
| And
| 123.20
| 123.70
| 0.50
| 10.25
|
|
|
| And
| 127.90
| 129.40
| 1.50
| 7.38
|
|
|
|
| 146.90
| 147.90
| 1.00
| 7.19
|
|
|
|
| 151.90
| 155.85
| 3.95
| 5.83
|
|
|
| Including
| 151.90
| 153.00
| 1.10
| 8.25
|
|
|
| And
| 155.30
| 155.85
| 0.55
| 23.10
|
|
|
|
| 332.10
| 335.40
| 3.30
| 5.16
|
|
|
| Including
| 334.35
| 334.90
| 0.55
| 28.60
|
|
|
|
| 442.45
| 447.80
| 5.35
| 15.78
|
|
|
| Including
| 442.45
| 443.00
| 0.55
| 15.70
|
|
|
| And
| 445.35
| 446.35
| 1.00
| 31.40
|
|
|
| And
| 447.15
| 447.80
| 0.65
| 59.60
|
|
|
|
| 460.05
| 460.55
| 0.50
| 3.68
|
|
| IM-19-014
|
| 25.80
| 26.40
| 0.60
| 20.30
| Infill
| Shaft Zone
|
|
| 35.90
| 36.85
| 0.95
| 8.49
|
|
|
|
| 67.60
| 70.50
| 2.90
| 6.65
|
|
|
| Including
| 70.00
| 70.50
| 0.50
| 29.50
|
|
|
|
| 92.85
| 93.40
| 0.55
| 8.51
|
|
|
|
| 149.50
| 150.00
| 0.50
| 13.45
|
|
|
|
| 155.35
| 156.50
| 1.15
| 6.42
|
|
|
|
| 182.80
| 183.85
| 1.05
| 28.09
|
|
| IM-19-015
|
| 55.80
| 56.30
| 0.50
| 16.55
| Infill
| Shaft Zone
|
Table 2: Drillhole Collar Orientations:
HOLE ID
| DIP
| AZIMUTH
| DEPTH
(M)
| IM-19-001
| -53
| 127
| 888
| IM-19-002
| -55
| 125
| 864
| IM-19-003
| -47
| 134
| 204
| IM-19-004
| -47
| 303
| 426
| IM-19-005
| -45
| 299
| 417
| IM-19-006
| -46
| 232
| 807
| IM-19-007
| -44
| 123
| 351
| IM-19-008
| -46
| 308
| 639
| IM-19-009
| -45
| 133
| 312
| IM-19-010
| -43
| 312
| 622
| IM-19-011
| -53
| 134
| 327
| IM-19-012
| -53
| 138
| 177
| IM-19-013
| -46
| 129
| 651
| IM-19-014
| -54
| 134
| 300
| IM-19-015
| -58
| 137
| 213
|
SOURCE Barkerville Gold Mines Ltd.
View original content to download multimedia: newswire.ca |
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| To: howestreetbull who wrote (121) | 3/27/2019 10:49:39 AM | | From: howestreetbull | | | | BGM.v $BGMZF Barkerville Announces C$20 Million "Bought Deal" Private Placement of Common Shares
by @nasdaq on 27 Mar 2019, 04:54
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
TORONTO, March 27, 2019 (GLOBE NEWSWIRE) -- Barkerville Gold Mines Ltd. ("Barkerville" or the "Corporation") (TSX-V:BGM) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Haywood Securities Inc. (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" private placement basis, 55,556,000 common shares of the Corporation (the "Common Shares") at a price of C$0.36 per Common Share, for total gross proceeds of C$20,000,160 (the "Offering").
The Corporation has granted the Underwriters an option to purchase up to an additional 15% of the Offering in Common Shares (the "Underwriters' Option”), exercisable in whole or in part at any time up to 48 hours prior to the closing date.
The net proceeds from the sale of the Common Shares will be used for exploration and development of the Cariboo Gold Project, including permitting and underground development, as well as for working capital and general corporate purposes.
The closing of the Offering is expected to occur on or about April 23, 2019 and is subject to the completion of formal documentation and receipt of regulatory approvals, including the approval of the TSX Venture Exchange. The Common Shares issued in connection with the Offering will be subject to a statutory four month hold period in accordance with applicable securities legislation. In consideration for their services, the Corporation has agreed to pay the Underwriters a cash commission equal to 5.0% of the gross proceeds from the Offering, excluding gross proceeds received from the sale of Common Shares to Osisko Gold Royalties Ltd and Osisko Mining Inc.
About Barkerville
The Corporation 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 Corporation has unlocked the fundamental structural controls of gold mineralization. The Corporation's Brownfield's exploration team is focused on upgrading and expanding the May 2018 43-101 compliant resource within the 8 kilometers of principle project area located near the town of Wells, British Columbia. The Corporation'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 completing required studies in order to permit underground mining on Cow and Island Mountains. For more information on Barkerville Gold Mines Ltd., please contact:
Chris Lodder
President and Chief Executive Officer
155 University Avenue, Suite 1410
Toronto, Ontario, Canada
clodder@barkervillegold.com
416-775-3671
Cautionary Statement on Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. 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. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
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| From: howestreetbull | 5/2/2019 9:37:04 AM | | | | | | BGM Intersects 10.76 g/t Gold Over 20.0 Meters in Deep Exploration on Island Mountain
V.BGM | 2 hours ago
Canada NewsWire
TORONTO, May 2, 2019
TORONTO, May 2, 2019 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM. the "Company" or "BGM") is pleased to announce the new drilling results from the 2019 Island Mountain exploration and category conversion program at the Company's flagship Cariboo Gold Project in central British Columbia.
image: mma.prnewswire.com
New results from eight recent holes on Island Mountain include 10.76 g/t Au over 20.0 meters including a sample of 157.50 g/t Au over 1.25 meters in IM-19-019, extending a mineralized vein corridor on Shaft Zone 60 meters down dip to a vertical depth of 450 meters. Infill hole IM-19-020 intersected 162.5 g/t Au over 0.50 meter outside of an existing vein corridor. IM-19-023 intersected five new previously unmodelled zones including 21.97 g/t Au over 4.05 meters. These results, as well as the highlights summarized below, demonstrate continuity of grade and widths within the modelled vein corridors, expansion of mineralization at depth and anomalous mineralization between the vein corridors.
Select Drilling Highlights:
IM-19-019 is located at Shaft Zone on Island Mountain and was designed to investigate down dip extensions on the mineralized vein corridors as well as shallow infill high-grade zones. IM-19-019 was successful at intersecting multiple high-grade intercepts of gold mineralization including 27.60 g/t Au over 1.40 meters within a modelled vein corridor and further down hole, at a vertical depth of 450 meters, IM-19-019 intersected 10.76 g/t Au over 20.0 meters vein corridor within sericite altered siltstone-sandstone and includes a sample that assayed 157.50 g/t over 1.25 meters. Mineralization continued to depth of 543 meters down hole, with a sample grading 11.85 g/t Au over 0.50 meter.
IM-19-020 was designed to infill shallow, high-grade vein corridors on Shaft Zone and intersected a quartz vein hosting up to 80% pyrite vein outside a previously modelled vein corridor that assayed 162.50 g/t over 0.50 meter at a vertical depth of 115 meters.
IM-19-023 is a 684-meter-deep hole and intersected five main zones of mineralization. At 194.5 meters down hole, IM-19-023 intersected previously unmodelled quartz veins that assayed 21.97 g/t Au over 4.05 meters including a sample of 87.60 g/t over 0.75 meters. At depth, a zone of strong silica alteration within sandstone and calcareous sandstone is present from 438 meters to 493 meters and exhibits multiple vein corridors with disseminated pyrite and cosalite not previously modelled and extend veins at depth. At 434.70 meters down hole, a mineralized zone assayed 6.78 g/t Au over 3.30 meters and 65 meters down dip of a modelled vein corridor. At 450.25 meters, 10.57 g/t Au over 5.60 meters, at 471 meters depth, 4.33 g/t Au over 3.70 metersincluding 12.95 g/t Au over 1.00 meter, at 485.35 meters depth 10.12 g/t Au over 7.95 meters.
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.
A complete table of assay highlights for IM-19-016 to IM-19-023 is present below. The Shaft Zone 3D deposit model with assay highlights is located on the Company's website:
Barkerville Gold Mines Ltd. 3D Deposit Model
Mineralized quartz veins on the Cariboo Gold Project are overall sub-vertical dip and northeast strike. Vein corridors are defined as a high-density network of mineralized quartz veins within the sandstones. These corridors have been defined from surface to a vertical depth averaging 300 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
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.
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 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 upgrading and expanding the May 2018 43-101 compliant resource within the 8 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 completing required studies in order to pemit underground mining on Cow and Island Mountains.
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
HOLE ID
|
| DEPTH
FROM (M)
| DEPTH TO
(M)
| LENGTH
(M)
| AU (G/T)
| PURPOSE
| TARGET
| IM-19-016
|
| 162.00
| 162.50
| 0.50
| 6.84
| Exploration
| Mosquito
|
|
| 171.70
| 176.10
| 4.40
| 3.96
|
|
|
| Including
| 172.50
| 173.00
| 0.50
| 17.30
|
|
|
|
| 201.75
| 202.25
| 0.50
| 8.11
|
|
|
|
| 260.10
| 260.60
| 0.50
| 10.75
|
|
|
|
| 518.50
| 519.00
| 0.50
| 3.55
|
|
| IM-19-017
| No Significant Assays
|
|
|
| Stratigraphic
| Willow
| IM-19-018
|
| 417.50
| 418.00
| 0.50
| 6.62
| Exploration and Infill
| Mosquito
|
|
| 456.00
| 456.50
| 0.50
| 5.81
|
|
|
|
| 458.35
| 458.85
| 0.50
| 6.23
|
|
|
|
| 487.75
| 491.20
| 3.45
| 7.64
|
|
|
| Including
| 487.75
| 488.45
| 0.70
| 18.90
|
|
|
| And
| 489.30
| 490.10
| 0.80
| 12.90
|
|
| IM-19-019
|
| 67.00
| 68.00
| 1.00
| 4.24
| Exploration and Infill
| Shaft Zone
|
|
| 114.60
| 116.10
| 1.50
| 7.28
|
|
|
|
| 163.80
| 165.20
| 1.40
| 27.60
|
|
|
| Including
| 163.80
| 164.70
| 0.90
| 40.30
|
|
|
|
| 261.80
| 262.35
| 0.55
| 6.52
|
|
|
|
| 402.20
| 404.50
| 2.30
| 5.13
|
|
|
|
| 407.22
| 409.70
| 2.48
| 4.84
|
|
|
|
| 438.80
| 441.50
| 2.70
| 6.40
|
|
|
|
| 440.60
| 441.50
| 0.90
| 17.30
|
|
|
|
| 488.00
| 489.10
| 1.10
| 6.05
|
|
|
|
| 488.00
| 508.00
| 20.00
| 10.76
|
|
|
| Including
| 488.00
| 489.10
| 1.10
| 6.05
|
|
|
| And
| 504.50
| 505.75
| 1.25
| 157.50
|
|
|
| And
| 505.75
| 506.60
| 0.85
| 5.20
|
|
|
|
| 543.00
| 543.50
| 0.50
| 11.85
|
|
| IM-19-020
|
| 78.00
| 78.90
| 0.90
| 7.29
| Infill
| Shaft Zone
|
|
| 143.00
| 143.50
| 0.50
| 162.50
|
|
| IM-19-021
| Hole Abandoned
|
|
|
| Infill
| Shaft Zone
| IM-19-022
|
| 168.20
| 169.20
| 1.00
| 5.36
| Infill
| Shaft Zone
|
|
| 301.40
| 304.00
| 2.60
| 10.77
|
|
|
| Including
| 302.65
| 303.45
| 0.80
| 29.70
|
|
|
| And
| 303.45
| 304.00
| 0.55
| 6.54
|
|
| IM-19-023
|
| 135.75
| 136.80
| 1.05
| 11.95
| Exploration and Infill
| Shaft Zone
|
|
| 194.50
| 198.55
| 4.05
| 21.97
|
|
|
| Including
| 194.50
| 195.25
| 0.75
| 87.60
|
|
|
| And
| 196.50
| 197.00
| 0.50
| 19.30
|
|
|
| And
| 197.75
| 198.55
| 0.80
| 16.85
|
|
|
|
| 276.00
| 281.70
| 5.70
| 1.45
|
|
|
| Including
| 276.00
| 276.50
| 0.50
| 4.54
|
|
|
|
| 409.70
| 411.00
| 1.30
| 17.90
|
|
|
|
| 434.70
| 438.00
| 3.30
| 6.78
|
|
|
| Including
| 434.70
| 435.80
| 1.10
| 15.10
|
|
|
|
| 450.25
| 455.85
| 5.60
| 10.57
|
|
|
| Including
| 453.00
| 454.45
| 1.45
| 22.50
|
|
|
| And
| 454.45
| 455.85
| 1.40
| 12.45
|
|
|
|
| 471.00
| 474.70
| 3.70
| 4.33
|
|
|
| Including
| 471.00
| 472.00
| 1.00
| 12.95
|
|
|
|
| 485.35
| 493.30
| 7.95
| 10.12
|
|
|
| Including
| 490.75
| 492.00
| 1.25
| 27.80
|
|
|
|
| 617.30
| 618.10
| 0.80
| 7.49
|
|
|
Table 2: Drillhole Collar Orientations:
HOLE ID
| DIP
| AZIMUTH
| DEPTH
(M)
| IM-19-016
| -46
| 314
| 600
| IM-19-017
| -46
| 222
| 637
| IM-19-018
| -45
| 314
| 501
| IM-19-019
| -60
| 142
| 576
| IM-19-020
| -59
| 137
| 162
| IM-19-021
| -48
| 137
| 195
| IM-19-022
| -61
| 140
| 336
| IM-19-023
| -46
| 127
| 684
|
SOURCE Barkerville Gold Mines Ltd.
image: rt.newswire.ca
View original content to download multimedia: newswire.ca
on Barkerville Gold Mines Ltd. please contact: Chris Lodder, President & Chief Executive Officer, 155 University Avenue, Suite 1440, Toronto, Ontario, Canada, clodder@barkervillegold.comCopyright CNW Group 2019
Canada Newswire
May 2, 2019 - 4:00 AM PDT
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| From: howestreetbull | 5/29/2019 8:58:45 AM | | | | | | BGM Announces Updated Underground Resource For Cariboo Gold Project
V.BGM | 1 hour ago
BGM Announces Updated Underground Resource For Cariboo Gold Project
Canada NewsWire
TORONTO, May 29, 2019
2.4 MILLION OUNCES TOTAL MEASURED AND INDICATED, AND 1.9 MILLION OUNCES INFERRED
image: mma.prnewswire.com
TORONTO, May 29, 2019 /CNW/ - Barkerville Gold Mines Ltd. (BGM – TSX-V) ("BGM" or the "Company") is pleased to announce the updated underground resource estimate for Cow, Island and Barkerville Mountain deposits at its 100% owned Cariboo Gold Project located in Wells, B.C.
Cariboo Gold Project Mineral Resource
Measured and Indicated Resource of 2.4 million ounces of gold (13.2 million tonnes grading 5.6 g/t Au) a 50% increase from the 2018 resource;
Inferred Mineral Resource of 1.9 million ounces of gold in the inferred category (12 million tonnes grading 5.0 g/t Au);
The mineral resource estimate has factored in the internal dilution which allows BGM to consider larger mining methods in some of the deposit areas to reduce operating costs in a future scale operation, allows potential for better resource to reserve conversion, and better continuity;
The 2019 Mineral Resource estimate on Cow and Island Mountains covers the corridor of the Cow, Valley, Shaft, and Mosquito deposits over a strike length of 3.7 kilometers, a maximum width of approximately 700 meters, down to a maximum depth of 600 meters and an average depth of 350 meters below surface;
249 vein corridors were modelled with average dimensions of 300 meters by 300 meters by 3 meters with thickness of the vein corridors ranging from 2 meters to 40 meters;
The BC Vein deposit is 1.7 kilometers in strike length, 0.5 meters to 37 meters in thickness, and 400 meters in depth.
The mineral resource estimate incorporates the Cow and Valley Zones on Cow Mountain, Shaft and Mosquito Creek Zones on Island Mountain and BC Vein and Bonanza Ledge on Barkerville Mountain at a cut-off grade of 3.0 g/t Au ("grams per metric tonne"). The resource is defined over 6 kilometers of BGM's 67-kilometer-long land package. Infill and exploration drilling are ongoing on the property. The mineral resource estimate was conducted by Talisker Exploration Services Inc. under the supervision of InnovExplo Inc., an independent consulting firm based out of Val-d'Or, Quebec. A video summarizing the mineral resource estimate is present in this press release.
The mineral resource estimate for Cow and Island Mountain deposits is built upon over 400,000 meters from BGM's 2015 to 2018 drill campaigns, and historically verified drill data using a total of 3,426 drillholes. 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. The mineral resource estimate is supported by a robust 3D litho-structural model of the gold-bearing vein corridors. The 2018 exploration and category conversion drill program was successful in improving the precision of vein corridors; a total of 249 vein corridor solids were individually modelled. Average dimensions of a vein corridor are 300 meters by 300 meters by 3 meters with thickness of the vein corridors ranging from 2 meters to 40 meters. The resource estimate includes the internal dilution of the sandstone host within the vein corridors. Vein corridors are defined as a high-density network of mineralized quartz veins within the sandstones. Additional models were made for Bonanza Ledge and BC Vein. Table 1 summarizes the Mineral Resource estimate and Tables 2 and 3 demonstrate the grade sensitivity of the resource model at varying cut off grades. A 3D model with the updated geological model and block model is available on the link below.
c212.net
Table 1: 2018 Cariboo Gold Project Mineral Resource Estimate reported at a 3.0 g/t Au cut-off grade for an underground scenario
Cariboo Gold Project Mineral Resources
| Deposit
| Tonnes
| Au
| Au Oz
|
| (000)
| (g/t)
| (000)
| Measured
|
|
|
| Bonanza Ledge
| 175
| 6.1
| 34
| Indicated
|
|
|
| Bonanza Ledge
| 55
| 4.6
| 8
| BC Vein
| 734
| 5.6
| 132
| Mosquito
| 542
| 7.1
| 124
| Shaft
| 7,200
| 5.6
| 1,300
| Valley
| 1,212
| 5.3
| 208
| Cow
| 3,578
| 5.5
| 637
| Inferred
|
|
|
| BC Vein
| 87
| 3.6
| 10
| Mosquito
| 690
| 6.5
| 144
| Shaft
| 5,817
| 5.0
| 941
| Valley
| 3,475
| 4.9
| 545
| Cow
| 1,867
| 4.7
| 282
|
Total Measured and Indicated
| 13,495
| 5.6
| 2,443
| Total Inferred
| 11,936
| 5.0
| 1,922
|
Mineral Resource Estimate notes:
Christine Beausoleil, P.Geo and Carl Pelletier, P.Geo, of InnovExplo Inc. has reviewed and validated the mineral resource estimate for Cow, Mosquito, Shaft, Valley and BC Vein deposits and updated the Bonanza Ledge mineral resource estimate. Both are independent "Qualified Person" (as defined in NI 43-101) responsible for the 2019 mineral resource estimate. The effective date of the 2019 mineral resource estimate is May 29, 2019; Specific extraction methods are used only to establish reasonable cut-off grades for various portions of the deposit. No Preliminary Economic Analysis, Pre-Feasibility Study or Feasibility Study has been completed to support economic viability and technical feasibility of exploiting any portion of the mineral resource, by any particular mining method 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; Geologic and vein corridor modeling of Cow, Valley, Shaft, Mosquito and BC Vein were completed by BGM Chief Resource Geologist Tessa Scott, P.Geo. and BGM Geologists Natalie Cook, GIT. and Raja Yarra, GIT. The Resource Estimation was completed by Talisker Exploration Services Geologist Leonardo Souza, MAusIMM (CP); A total of 249 vein corridors were modelled for Cow and Island Mountains deposits, and a total of two (2) gold zones for Barkerville Mountain Deposits. 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; The estimate is reported for a potential underground scenario at cut-off grades of 3.0 g/t Au. The cut-off grades were calculated using a gold price of USD1,300 per ounce, a CAD:USD exchange rate of 1.3; mining cost of $42/t; processing cost of $75/t; and G&A of $22/t. The cut-off grades should be re-evaluated in light of future prevailing market conditions (metal prices, exchange rate, mining cost, etc.); A density of 2.8 g/cm3 was established for all zones of Cow, Valley and Shaft, 2.76 for Mosquito, 2.72 g/cm3 for BC Vein zone and 3.2 g/cm3 for Bonanza Ledge zone; A three-step capping procedure has been applied to composite data for Cow, Valley, Shaft, Mosquito and BC Vein zones. Restricted search ellipsoids were used varying from 10 to 60 g/t Au at three different distance varying from 25 to 100 m for each deposit. Bonanza Ledge high-grade capping was done on composited data at 70 g/t Au; Resources for Cow, Valley, Shaft, Mosquito and BC Vein zones were estimated using Datamine Studio RM 1.3 software using hard boundaries on composited assays (Cow 3.0 m, Valley 1.5 m, Shaft 2.0 m, Mosquito 3.0 m and BC Vein 1.6 m). Ordinary Kriging interpolation method was used in a sub-blocked model (parent block size = 5 meters x 5 meters x 5 meters). Resources for Bonanza Ledge were estimated using GEOVIA GEMS 6.7 software using hard boundary on composited assays at 2.0 m. Ordinary Kriging interpolation method was used in a block model (block size = 2 m x 2 m x 5 m); Results are presented in-situ, with minimum width diluted to 2 meters. 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 thousand. 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 other than disclosed in the 2018 NI 43-101 Technical Report for the Cariboo Gold Project and Mineral Resource Estimate by InnovExplo Inc.
Table 2: Grade Sensitivity on Measured and Indicated Resource categories for the Cariboo Gold Project
All Deposits
| Cut-Off grade
| Ore Tonnes
| Grade
| Contained Au
|
| (Mt)
| Au (g/t)
| (Moz)
| 1.0
| 30.4
| 3.6
| 3.5
| 1.5
| 24.8
| 4.1
| 3.2
| 2.0
| 20.4
| 4.6
| 3.0
| 2.5
| 16.7
| 5.1
| 2.7
| 3.0
| 13.5
| 5.6
| 2.4
| 3.5
| 11.0
| 6.2
| 2.2
| 4.0
| 9.0
| 6.7
| 1.9
| 4.5
| 7.4
| 7.3
| 1.7
| 5.0
| 6.0
| 7.8
| 1.5
|
Table 3: Grade Sensitivity on Inferred Resource category for the Cariboo Gold Project
All Deposits
| Cut-Off grade
| Ore Tonnes
| Grade
| Contained Au
|
| (Mt)
| Au g/t
| (MOz)
| 1.0
| 29.2
| 3.2
| 3.0
| 1.5
| 23.8
| 3.6
| 2.8
| 2.0
| 19.4
| 4.0
| 2.5
| 2.5
| 15.3
| 4.5
| 2.2
| 3.0
| 11.9
| 5.0
| 1.9
| 3.5
| 9.4
| 5.5
| 1.7
| 4.0
| 7.2
| 6.0
| 1.4
| 4.5
| 5.6
| 6.5
| 1.2
| 5.0
| 4.3
| 7.1
| 1.0
|
The vein corridors are modelled to an average depth of 350 meters, exploration drilling has intersected mineralization at depths below 700 meters from surface. BGM is currently drilling down dip and along strike of mineralized vein corridors to define additional resources at Cow and Island Mountain. BGM intends to drill from underground infrastructure once permitting and construction of an exploration drift is complete. 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 continuing resource growth shows improved knowledge of the grade distribution, vein corridor thickness and continuity within and at depth and on strike as a function of the infill drilling. Drilling will now continue to add upside not just within the current resource area but all along the 67 km mineralized trend controlled by BGM."
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 kilometers; along a strike length of 67 kilometers 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 upgrading and expanding the May 2018 43-101 resource within the 8 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 completing required studies in order to permit underground mining on Cow and Island Mountains.
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.
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
image: mma.prnewswire.com
SOURCE Barkerville Gold Mines Ltd.
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View original content to download multimedia: newswire.ca
Chris Lodder, President and Chief Executive Officer, 155 University Avenue, Suite 1410, Toronto, Ontario, Canada, clodder@barkervillegold.com, 416-775-3671Copyright CNW Group 2019
Canada Newswire
May 29, 2019 - 4:00 AM PDT
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INDUSTRIAL METALS & MINERALS
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