| 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
|
|
|
|
|
