| To: howestreetbull who wrote (110) | 5/3/2018 10:08:20 AM | | From: howestreetbull | | | | by @nasdaq on May 2, 2018
BGM Defines Cow and Island Mountains Maiden Underground Resource and Barkerville Mountain Update
TORONTO, May 02, 2018 (GLOBE NEWSWIRE) -- Barkerville Gold Mines Ltd. (TSX-V:BGM) (“BGM” or the “Company”) is pleased to announce the maiden Mineral resource estimate for Cow and Island Mountain deposits at its 100% owned Cariboo Gold Project located in Wells, B.C. The underground mineral resource estimate incorporates the Cow Mountain (“Cow”) and Valley Zones (“Valley”) on Cow Mountain and Shaft Zone (“Shaft”) and Mosquito Creek (“Mosquito”) on Island Mountain at a cut-off grade of 3.0 g/t Au (“grams per metric tonne”). A mineral resource on Bonanza Ledge and BC Vein is also included. The resource is defined over 6 kilometers of BGM’s 67-kilometer-long land package. Infill and exploration drilling is ongoing and resource updates will be presented annually. The mineral resource estimate was conducted by Talisker Exploration Services Inc. and validated by InnovExplo Inc., an independent consulting firm based out of Val-d’Or, Quebec.
Cariboo Gold Project Mineral Resource
1.60 million ounces of gold in the measured and indicated category (8.1 million tonnes grading 6.1 g/t Au)
2.16 million ounces of gold in the inferred category (12.7 million tonnes grading 5.2 g/t Au)The maiden Mineral resource estimate for Cow and Island Mountain deposits is built upon over 210,000 meters of diamond drilling from BGM’s 2016 and 2017 drill campaigns, and historically verified drill data using a total of 2,328 drillholes. The mineral resource estimate is supported by a robust 3D litho-structural model of the gold-bearing vein corridors. A strong understanding of the controls of mineralization enabled the Company’s technical team to construct a mineral resource estimate constrained by lithology, alteration, structure and mineralization. A total of 181 vein corridors were modelled.
Table 1: 2018 Cariboo Gold Project Underground Mineral Resource Estimate reported at a 3.0 g/t Au cut-off grade
| Cariboo Gold Project Mineral Resources | | Deposit | Tonnes | Au (g/t) | Au Oz | | Measured | | | | | Bonanza Ledge | 264,000 | 7.3 | 61,900 | | Indicated | | | | | Bonanza Ledge | 63,400 | 4.8 | 9,700 | | BC Vein | 444,900 | 6.4 | 91,600 | | Mosquito | 247,000 | 9.5 | 75,700 | | Shaft | 4,373,200 | 5.9 | 835,600 | | Valley | 769,600 | 5.8 | 142,700 | | Cow | 1,947,800 | 6.1 | 381,800 | | Total Indicated | 7,845,900 | 6.1 | 1,537,100 | | Total Measured and Indicated | 8,109,900 | 6.1 | 1,599,000 | | | | | | | Inferred | | | | | BC Vein | 173,400 | 4.6 | 25,400 | | Mosquito | 699,200 | 6.0 | 135,600 | | Shaft | 7,357,000 | 5.1 | 1,213,000 | | Valley | 2,454,300 | 5.4 | 423,400 | | Cow | 2,047,300 | 5.4 | 358,300 | | Total Inferred | 12,731,200 | 5.2 | 2,155,700 |
Given the nature of these vein corridors, extensions down dip and along strike are highly plausible. Drilling has occurred to depths of 600 meters from surface. BGM plans to drill down dip and along strike of mineralized vein corridors to define additional resources at Cow and Island Mountain. BGM intends to drill underground once permitting and construction of an exploration drift is complete. The mineral resource estimate reported herein represents the first mineral resource estimate on Cow and Island published by the new management team. The robust 3D litho-structural model that defines the controls of mineralization allows the exploration team to define additional mineral resource much more efficiently, lowering the cost per discoverable ounce. This model can be applied to the remaining 65 kilometers of strike.
In accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), an updated technical report for the Cariboo Gold Project will be filed on SEDAR and the Company’s website within 45 calendar days of this disclosure.
Chris Lodder, President and CEO of BGM commented, “The discovery of this initial, robust, underground resource coupled with our planned exploration decline at Cow and Island Mountain as well as unparalleled potential for significant resource expansion at depth and on strike, places BGM on a path to become a significant gold mining company in Western Canada.”
Mineral Resource Estimate for Cow and Island Mountain deposits
The mineral resources disclosed in this press release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) standards on mineral resources and reserves definitions, and guidelines prepared by the CIM standing committee on reserve definitions and adopted by the CIM council.
Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves.Geologic and vein corridor modeling was completed by BGM Chief Resource Geologist Tessa Scott, P.Geo. A total of 181 vein corridors were modelled at a minimum thickness of 2.0 meters.The drill data includes all historically verified and validated data and drilling from the 2016 and 2017 exploration campaigns.Resource Estimation was completed by Talisker Exploration Services Geologist Leonardo Souza, MAusIMM (CP).Each of Christine Beausoleil, P.Geo and Carl Pelletier, P.Geo, of Innovexplo Inc. has reviewed and validated the mineral resource estimate and are both independent “Qualified Person” (as defined in NI 43-101) responsible for the 2018 mineral resource estimate. The effective date of the 2017 mineral resource estimate is May 2, 2018.Results are in-situ and undiluted.The mineral resource estimate is reported at a cut-off grade of 3.00 g/t Au. Cut-off grades must be re-evaluated considering prevailing market conditions (including gold prices, exchange rates and mining costs).An average density of 2.75 g/cm3 was established for all zones.Samples are composited within the vein corridor solids and lengths vary by zone (Cow 3.0 m, Valley 1.4 m, Shaft 2.0 m, and Mosquito 3.0 m).A three-step capping procedure has been applied to composite data for each zone. Capping was implemented at three distances for each deposit and ranges from 15 to 60 m depending on the zone.Resources were estimated using Datamine Studio RM 1.3 software within the modeled vein corridors using hard boundaries. Ordinary Kriging interpolation method was used to estimate the resource in a sub-blocked model (parent block size = 5 meters x 5 meters x 5 meters).The inferred and indicated resource categories were constructed manually for each vein corridor.For blocks to be categorized as indicated, blocks must be informed by two drill holes with a minimum distance of approximately 25 m to the nearest drill hole. The classification can extend for 30 m where the mineralization trend was demonstrated by multiple adjacent holes.For blocks to be categorized as inferred, the blocks must be informed by two drill holes with a minimum distance of approximately 50 m to the nearest drill hole. The classification can extend up to 100 m as the vein corridor model is tightly constrained.Ounce (troy) = metric tons x grade / 31.10348. Calculations used metric units (meters, tonnes, g/t).The number of metric tons was rounded to the nearest hundred. Any discrepancies in the totals are due to rounding effects; rounding followed the recommendations as per NI 43-101.Neither the Company nor InnovExplo Inc. is aware of any known environmental, permitting, legal, title-related, taxation, socio-political, marketing or other relevant issue that could materially affect the mineral resource estimateThe quantity and grade of reported Inferred Mineral Resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred Mineral Resources as an Indicated Mineral Resource and it is uncertain if further exploration will result in upgrading them to an Indicated Mineral Resource category.All figures have been rounded to reflect the relative precision of the estimates. Mineral Resources are reported at a cut-off grade of 3.0 g/t gold based on CAD $1,664 per troy ounce gold and gold metallurgical recoveries of 87.4 percent. Mineral Resource Estimate for Barkerville Mountain
The 2018 MRE was prepared by Christine Beausoleil, P.Geo. and Carl Pelletier, P.Geo, of InnovExplo Inc., both indedpendent qualified persons as defined by NI 43 101. The effective date of the estimate is May 1, 2018.These Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability.Results are presented in-situ and undiluted.The estimate includes two (2) gold zones.The official underground resource is reported at a cut-off grade of 3.00 g/t Au. Cut-off grades must be re-evaluated in light of prevailing market conditions (gold price, exchange rate and mining cost).Density (g/cm3) data was established on a per zone basis and ranges from 2.72 to 3.20 g/cm3.A minimum true thickness of 2.0 m was applied, using the grade of the adjacent material when assayed, or a value of zero when not assayed.Compositing was done on drill hole sections falling within the mineralized zones (composite = 2.0 m for BC Vein and Bonanza Ledge; distributed tails).High-grade capping (g/t Au) was done on composited data and varies from 32 to 70 g/t Au based on the statistical analysis of individual mineralized zones. Restricted search ellipsoids were used during the BC Vein interpolation using 1/2 variographic ranges and a threshold of 21 g/t Au.Resources were estimated using GEOVIA GEMS 6.7 software from drill hole sampling, using a 2-pass Ordinary Kriging interpolation method in a block model (block size = 2 m x 2 m x 5 m).The Inferred category is only defined within areas where blocks were interpolated during Pass 1 or Pass 2 where continuity is sufficient to avoid isolated blocks being interpolated by only one drill hole, and isolated blocks were reclassified as “exploration potential” on a visual basis. The Indicated category is only defined by blocks interpolated by a minimum of two drill holes in areas where the maximum distance to drill hole composites is less than 20 m for blocks interpolated in Pass 1. The Measured category is only defined by blocks interpolated by a minimum of three drill holes in areas where the maximum distance to the closest drill hole composite is less than 10 m for blocks interpolated in Pass 1 and in close proximity with the sampled open pit (< 40m).Ounce (troy) = metric tons x grade / 31.10348. Calculations used metric units (metres, tonnes, g/t).The number of metric tons was rounded to the nearest hundred. Any discrepancies in the totals are due to rounding effects; rounding followed the recommendations in NI 43 101InnovExplo is not aware of any known environmental, permitting, legal, title-related, taxation, socio-political, marketing or other relevant issue that could materially affect the mineral resource estimateAbout the Cariboo Gold Project
The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. BGM’s Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company’s Brownfield’s exploration team is focused on developing and delineating a mineable resource within the 7 kilometers of principle project area located near the town of Wells, British Columbia. The Company’s Greenfield’s team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation’s team is focused on developing and mining the Bonanza Ledge and BC Vein deposits on Barkerville Mountain. This operation allows the company to generate near term cash flow, train a local work force, keeps the present mining permit active, and de-risk’s the project through staged production growth. Processing of material from these deposits is processed at the QR mill. QR is a fully owned, permitted mill and tailings facility, located approximately 110 kilometres away from Wells, and can be accessed by an all-season road.
QA/QC and Core Sampling Protocols
Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently stored on site at the Company’s secure facility in Wells, BC. Numbered security tags are applied to lab shipments for chain of custody requirements. The Company inserts quality control (QC) samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QAQC program was designed and approved by Lynda Bloom, P.Geo. of Analytical Solutions Ltd., and is overseen by the Company’s Qualified Person, Maggie Layman, P.Geo., Vice President Exploration.
Drill core samples are submitted to ALS Geochemistry’s analytical facility in North Vancouver, British Columbia for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed and 250 grams is pulverized. Analysis for gold is by 50g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 ppm and upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are re-analyzed using a 1,000g screen metallic fire assay. A selected number of samples are also analyzed using a 48 multi-elemental geochemical package by a 4-acid digestion, followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) and Inductively Coupled Plasma Mass Spectroscopy (ICP-MS).
Qualified Persons and 43-101 Disclosure
As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, P.Geo. Vice President Exploration, is the Qualified Person for the Company and has prepared, validated and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration activities on the Cariboo Gold Project.
The Independent and Qualified Persons for the Mineral Resources Estimate update, as defined by NI 43-101, is Christine Beausoleil, P.Geo., and Carl Pelletier, P.Geo., both of InnovExplo Inc. and confirm having reviewed this press release and that the scientific and technical information is consistent.
ON BEHALF OF THE BOARD
“Chris Lodder”
Chris Lodder, President, CEO & Director
For further information on Barkerville Gold Mines Ltd. please contact:
Chris Lodder
President & Chief Executive Officer
155 University Avenue, Suite 1440
Toronto, Ontario, Canada
clodder@barkervillegold.com
Photos accompanying this announcement are available at:
globenewswire.com
https://www.globenewswire.com/Tracker?data=JZDSZ70J7-xjnRX-nxs1UhTn4Vg0qViCqntlbq7SSnuFb9QbI9LYF2RgsQDfB3Bej4_A18zX_zIOKjA4GSQ9YfJjoUY1JQS6CuSd_H3LqXbSTKxv3xxaA3C4DvMu1qiqk_zZOXbvNEJ4oMXUFvGJGBKMKQgQWPLdm5ZF77_TyYggp2oMdf7fDSTnAnhcy55vrWgJAqASlbjjfQgvn2tWzKBa37cOdCuaib52V0AUumj0N5VKx4iyBwoOSbICv4kX1DfSDv1aqhiEphRDUVbrmA==
 
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| To: howestreetbull who wrote (111) | 5/8/2018 8:08:21 AM | | From: howestreetbull | | | | by @nasdaq on May 8, 2018
Barkerville Gold Mines: Infill Drilling Confirms High-grade Gold Mineralization
TORONTO, May 08, 2018 (GLOBE NEWSWIRE) -- Barkerville Gold Mines Ltd. (TSXV:BGM) (the “Company” or “Barkerville”) is pleased to announce additional drilling results from the 50,000-meter 2018 Island Mountain exploration and delineation program at the Company’s flagship Cariboo Gold Project. Detailed drilling results, a drill hole location plan map and vertical sections are presented at the end of this release. The infill drilling results continue to demonstrate continuity and expansion of modelled vein corridors.
Drilling Highlights
IM-18-023: 42.20 g/t over 2.00 metersIM-18-023: 54.51 g/t over 1.75 metersIM-18-023: 73.8 g/t over 1.25 metersIM-18-033: 16.96 g/t over 9.30 metersIM-18-038: 12.54 g/t over 18.2 metersIM-18-038: 17.91 g/t over 5.65 metersIM-18-039: 22.87 g/t over 5.85 metersIM-18-041: 36.41 g/t over 4.30 metersIM-18-046: 27.41 g/t over 4.35 metersVein Zone Continuity on Island Mountain
The intervals noted above were intersected in holes designed to infill and expand known vein corridors on the property down to depths of 500 meters. The program consisted of 50,000 meters drilled in 162 holes, mainly in the Shaft Zone area. Mineralized quartz veins on the Cariboo Gold Project are hosted within the sandstones and are an anastomosing network of high vein density with an overall sub-vertical dip and northeast strike. Recent modelling of the vein corridors Island Mountain proposes 101 mineralized vein corridors. These vein corridors have estimated horizontal width of 3 meters and a strike length of up to 300 meters. These corridors have been defined from surface to a vertical depth of 600 meters and remain open for expansion at depth and down plunge. Gold grades are intimately associated with vein-hosted pyrite as well as pyritic, intensely silicified wall rock haloes in close proximity to the veins.
Qualified Persons
Exploration activities at the Cariboo Gold Project are administered on site by the Company’s Project Geologists, Kyle Orr and Felipe Castaneda. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, P.Geo. Vice President Exploration, is the Qualified Person for the Company and has prepared, validated and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration activities on the Cariboo Gold Project.
Quality Assurance – Quality Control
Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently stored on site at the Company’s secure facility in Wells, BC. Numbered security tags are applied to lab shipments for chain of custody requirements. The Company inserts quality control (QC) samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QAQC program was designed and approved by Lynda Bloom, P.Geo. of Analytical Solutions Ltd., and is overseen by the Company’s Qualified Person, Maggie Layman, P.Geo, Vice President Exploration.
Drill core samples are submitted to ALS Geochemistry’s analytical facility in North Vancouver, British Columbia for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed and 250 grams is pulverized. Analysis for gold is by 50g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 ppm and upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are re-analyzed using a 1,000g screen metallic fire assay. A selected number of samples are also analyzed using a 48 multi-elemental geochemical package by a 4-acid digestion, followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) and Inductively Coupled Plasma Mass Spectroscopy (ICP-MS).
For further information on Barkerville Gold Mines Ltd. please contact:
Chris Lodder
President & Chief Executive Officer
155 University Avenue, Suite 1440
Toronto, Ontario, Canada
clodder@barkervillegold.com
About Barkerville Gold Mines Ltd.
The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville’s Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company’s Brownfield’s exploration team is focused on developing and delineating a mineable resource within the 7 kilometers of principle project area located near the town of Wells, British Columbia. The Company’s Greenfield’s team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation’s team is focused on developing and mining the Bonanza Ledge and BC Vein deposits on Barkerville Mountain. This operation allows the company to generate near term cash flow, train a local work force, keeps the present mining permit active, and de-risk’s the project through staged production growth. Processing of material from these deposits is processed at the QR mill. QR is a fully owned, permitted mill and tailings facility, located approximately 110 kilometres away from Wells, and can be accessed by an all-season road.
Cautionary Statement on Forward -Looking Information
Neither the TSX Venture Exchange (‘TSXV’) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
| Table 1: Length weighted gold composites from Island Mountain | | HOLE ID | | FROM | TO | CORE LENGTH (M) | AU (G/T) | | IM-18-023 | | 79.75 | 80.30 | 0.55 | 15.35 | | | | 221.70 | 222.60 | 0.90 | 8.49 | | | | 230.50 | 231.00 | 0.50 | 5.63 | | | | 265.35 | 266.20 | 0.85 | 5.26 | | | | 281.50 | 282.15 | 0.65 | 15.00 | | | | 316.00 | 318.00 | 2.00 | 42.20 | | | INCLUDING | 317.00 | 318.00 | 1.00 | 58.00 | | | | 352.75 | 354.50 | 1.75 | 54.51 | | | INCLUDING | 353.25 | 354.50 | 1.25 | 73.80 | | | | 366.90 | 368.25 | 1.35 | 4.81 | | | | 384.75 | 385.25 | 0.50 | 5.12 | | | | 513.00 | 514.50 | 1.50 | 5.74 | | | | 517.00 | 518.50 | 1.50 | 7.83 | | IM-18-023_1 | | 354.00 | 354.80 | 0.80 | 20.20 | | | | 368.95 | 370.50 | 1.55 | 4.65 | | | | 394.70 | 395.30 | 0.60 | 10.10 | | IM-18-024 | ABANDONED | | | | | | IM-18-025 | | 51.35 | 51.95 | 0.60 | 16.40 | | | | 63.40 | 63.90 | 0.50 | 15.60 | | | | 85.00 | 86.00 | 1.00 | 11.30 | | | | 90.85 | 91.35 | 0.50 | 22.40 | | | | 96.35 | 99.55 | 3.20 | 9.57 | | | INCLUDING | 97.15 | 98.65 | 1.50 | 13.05 | | | | 112.80 | 114.30 | 1.50 | 61.40 | | | | 194.20 | 194.90 | 0.70 | 5.24 | | | | 240.15 | 240.65 | 0.50 | 4.92 | | IM-18-026 | | 51.95 | 54.70 | 2.75 | 31.83 | | | INCLUDING | 53.40 | 54.10 | 0.70 | 51.20 | | | AND | 54.10 | 54.70 | 0.60 | 61.00 | | | | 97.75 | 99.50 | 1.75 | 7.54 | | | INCLUDING | 97.75 | 99.00 | 1.25 | 9.43 | | | | 134.00 | 136.75 | 2.75 | 9.44 | | | INCLUDING | 134.00 | 134.85 | 0.85 | 16.65 | | | INCLUDING | 134.85 | 135.40 | 0.55 | 15.25 | | | | 153.65 | 154.15 | 0.50 | 10.45 | | | | 214.20 | 214.75 | 0.55 | 68.90 | | IM-18-027 | | 83.15 | 85.00 | 1.85 | 13.41 | | | INCLUDING | 83.15 | 83.65 | 0.50 | 18.80 | | | AND | 83.65 | 84.30 | 0.65 | 21.10 | | | | 171.55 | 172.80 | 1.25 | 11.50 | | | INCLUDING | 172.25 | 172.80 | 0.55 | 19.40 | | | | 171.55 | 172.80 | 1.25 | 11.50 | | | INCLUDING | 172.25 | 172.80 | 0.55 | 19.40 | | | | 174.45 | 179.15 | 4.70 | 12.82 | | | INCLUDING | 174.95 | 175.55 | 0.60 | 18.35 | | | AND | 177.65 | 178.40 | 0.75 | 25.50 | | | AND | 178.40 | 179.15 | 0.75 | 15.50 | | | | 181.60 | 185.35 | 3.75 | 5.21 | | | INCLUDING | 181.60 | 182.20 | 0.60 | 11.50 | | | AND | 184.30 | 184.85 | 0.55 | 13.15 | | | AND | 184.85 | 185.35 | 0.50 | 7.72 | | | | 361.50 | 362.85 | 1.35 | 53.24 | | | | 396.15 | 396.65 | 0.50 | 25.00 | | | | 397.15 | 397.65 | 0.50 | 5.27 | | | | 401.00 | 401.55 | 0.55 | 82.30 | | | | 402.60 | 403.10 | 0.50 | 6.44 | | | | 408.05 | 408.60 | 0.55 | 8.70 | | IM-18-028 | | 163.30 | 164.20 | 0.90 | 7.03 | | IM-18-029 | | 81.10 | 82.50 | 1.40 | 17.10 | | IM-18-030 | | 28.50 | 29.40 | 0.90 | 15.40 | | | | 33.70 | 34.25 | 0.55 | 16.90 | | | | 152.00 | 152.60 | 0.60 | 5.87 | | | | 225.80 | 226.30 | 0.50 | 4.76 | | | | 303.00 | 303.75 | 0.75 | 5.66 | | | | 305.80 | 306.30 | 0.50 | 17.40 | | | | 344.35 | 345.10 | 0.75 | 9.66 | | | | 350.30 | 350.80 | 0.50 | 6.11 | | | | 389.50 | 390.70 | 1.20 | 15.01 | | | INCLUDING | 390.10 | 390.70 | 0.60 | 22.70 | | IM-18-031 | | 34.00 | 34.90 | 0.90 | 5.68 | | | | 83.15 | 83.70 | 0.55 | 30.10 | | | | 88.15 | 90.00 | 1.85 | 17.81 | | | INCLUDING | 89.10 | 90.00 | 0.90 | 28.90 | | IM-18-032 | | 66.00 | 66.50 | 0.50 | 9.13 | | | | 87.80 | 88.30 | 0.50 | 4.62 | | | | 112.50 | 113.25 | 0.75 | 47.20 | | IM-18-033 | | 31.15 | 31.80 | 0.65 | 4.14 | | | | 32.75 | 33.25 | 0.50 | 4.51 | | | | 143.20 | 145.20 | 2.00 | 5.79 | | | | 145.90 | 146.40 | 0.50 | 4.16 | | | | 148.20 | 148.85 | 0.65 | 5.19 | | | | 163.50 | 165.00 | 1.50 | 3.22 | | | | 210.60 | 212.50 | 1.90 | 17.36 | | | INCLUDING | 210.60 | 211.25 | 0.65 | 29.50 | | | AND | 211.75 | 212.50 | 0.75 | 18.40 | | | | 216.50 | 217.50 | 1.00 | 19.15 | | | INCLUDING | 217.00 | 217.50 | 0.50 | 26.90 | | | | 266.85 | 267.35 | 0.50 | 13.05 | | | | 337.00 | 338.15 | 1.15 | 15.25 | | | | 428.75 | 430.95 | 2.20 | 12.71 | | | INCLUDING | 428.75 | 429.25 | 0.50 | 24.20 | | | | 473.30 | 482.60 | 9.30 | 16.96 | | | INCLUDING | 473.30 | 474.00 | 0.70 | 16.05 | | | AND | 474.00 | 474.50 | 0.50 | 53.60 | | | AND | 476.00 | 476.65 | 0.65 | 57.90 | | | AND | 476.65 | 477.35 | 0.70 | 21.50 | | | AND | 479.50 | 480.00 | 0.50 | 18.15 | | | AND | 480.00 | 481.25 | 1.25 | 29.30 | | | AND | 482.00 | 482.60 | 0.60 | 14.65 | | | | 492.50 | 493.00 | 0.50 | 5.08 | | | | 497.00 | 497.50 | 0.50 | 5.67 | | IM-18-034 | | 11.00 | 11.65 | 0.65 | 23.40 | | | | 21.15 | 22.00 | 0.85 | 12.50 | | | | 84.00 | 84.55 | 0.55 | 36.50 | | | | 121.80 | 122.55 | 0.75 | 6.82 | | | | 135.90 | 136.65 | 0.75 | 6.02 | | | | 161.00 | 162.50 | 1.50 | 7.09 | | | INCLUDING | 162.00 | 162.50 | 0.50 | 9.60 | | | | 165.50 | 166.30 | 0.80 | 8.99 | | | | 242.65 | 243.30 | 0.65 | 11.90 | | | | 244.20 | 245.50 | 1.30 | 21.39 | | IM-18-035 | | 89.00 | 89.50 | 0.50 | 4.59 | | | | 100.65 | 102.00 | 1.35 | 11.00 | | | | 115.35 | 116.50 | 1.15 | 4.57 | | IM-18-036 | | 125.60 | 126.10 | 0.50 | 9.45 | | | | 220.15 | 220.80 | 0.65 | 16.80 | | | | 297.80 | 299.00 | 1.20 | 3.77 | | | | 327.50 | 328.85 | 1.35 | 11.57 | | | INCLUDING | 327.50 | 328.15 | 0.65 | 15.25 | | | | 344.50 | 347.50 | 3.00 | 14.25 | | | | 344.50 | 345.00 | 0.50 | 56.20 | | | | 347.00 | 347.50 | 0.50 | 26.00 | | | | 355.55 | 356.20 | 0.65 | 22.30 | | | | 398.60 | 399.50 | 0.90 | 17.90 | | | | 407.35 | 407.95 | 0.60 | 15.40 | | | | 409.15 | 409.70 | 0.55 | 4.11 | | | | 412.75 | 413.40 | 0.65 | 8.01 | | | | 414.15 | 414.65 | 0.50 | 16.75 | | IM-18-037 | ABANDONED | | | | IM-18-038 | | 61.90 | 64.10 | 2.20 | 34.04 | | | INCLUDING | 62.50 | 63.00 | 0.50 | 55.20 | | | | 66.00 | 70.60 | 4.60 | 20.34 | | | INCLUDING | 67.00 | 68.30 | 1.30 | 30.20 | | | | 77.80 | 78.70 | 0.90 | 13.00 | | | | 81.80 | 100.00 | 18.20 | 12.54 | | | INCLUDING | 81.80 | 82.60 | 0.80 | 26.20 | | | AND | 84.20 | 85.00 | 0.80 | 34.60 | | | AND | 85.00 | 86.50 | 1.50 | 25.90 | | | AND | 91.00 | 92.50 | 1.50 | 15.80 | | | AND | 92.50 | 93.00 | 0.50 | 16.30 | | | AND | 96.00 | 97.00 | 1.00 | 13.75 | | | | 102.00 | 103.00 | 1.00 | 11.15 | | | | 104.00 | 104.60 | 0.60 | 5.90 | | | | 116.05 | 117.80 | 1.75 | 15.96 | | | INCLUDING | 116.05 | 116.55 | 0.50 | 22.50 | | | | 171.40 | 172.50 | 1.10 | 46.21 | | | INCLUDING | 171.40 | 172.00 | 0.60 | 80.60 | | | | 218.70 | 219.20 | 0.50 | 11.60 | | | | 223.75 | 224.25 | 0.50 | 91.90 | | | | 226.30 | 239.00 | 12.70 | 4.22 | | | INCLUDING | 227.80 | 228.30 | 0.50 | 6.17 | | | AND | 229.55 | 230.30 | 0.75 | 29.00 | | | AND | 233.50 | 234.00 | 0.50 | 6.68 | | | AND | 237.35 | 238.00 | 0.65 | 8.28 | | | AND | 238.50 | 239.00 | 0.50 | 10.40 | | | | 244.00 | 249.65 | 5.65 | 17.91 | | | INCLUDING | 244.00 | 245.00 | 1.00 | 10.70 | | | AND | 248.35 | 249.65 | 1.30 | 67.00 | | IM-18-039 | | 50.50 | 51.30 | 0.80 | 31.50 | | | | 54.85 | 60.70 | 5.85 | 22.87 | | | INCLUDING | 54.85 | 56.10 | 1.25 | 44.60 | | | AND | 59.00 | 60.00 | 1.00 | 61.50 | | | AND | 60.00 | 60.70 | 0.70 | 11.00 | | | | 104.60 | 105.35 | 0.75 | 5.52 | | | | 112.80 | 113.30 | 0.50 | 12.15 | | | | 116.50 | 117.00 | 0.50 | 19.20 | | | | 120.00 | 120.50 | 0.50 | 4.81 | | | | 148.80 | 151.00 | 2.20 | 12.69 | | | INCLUDING | 149.50 | 151.00 | 1.50 | 16.65 | | | | 192.40 | 193.30 | 0.90 | 4.52 | | | | 222.15 | 222.80 | 0.65 | 5.00 | | | | 244.70 | 247.65 | 2.95 | 7.53 | | | INCLUDING | 247.15 | 247.65 | 0.50 | 15.50 | | | | 251.00 | 252.00 | 1.00 | 10.25 | | | | 282.70 | 284.30 | 1.60 | 7.65 | | | INCLUDING | 283.60 | 284.30 | 0.70 | 10.05 | | IM-18-040 | | 165.30 | 166.00 | 0.70 | 10.50 | | | | 176.15 | 181.00 | 4.85 | 7.17 | | | INCLUDING | 176.15 | 176.80 | 0.65 | 4.58 | | | AND | 178.80 | 179.30 | 0.50 | 31.70 | | | AND | 180.50 | 181.00 | 0.50 | 9.02 | | | | 305.00 | 305.75 | 0.75 | 19.30 | | IM-18-041 | | 25.90 | 30.20 | 4.30 | 36.41 | | | INCLUDING | 25.90 | 26.50 | 0.60 | 31.00 | | | AND | 27.00 | 27.80 | 0.80 | 114.00 | | | AND | 27.80 | 28.45 | 0.65 | 40.90 | | | AND | 28.45 | 29.00 | 0.55 | 20.10 | | | | 126.35 | 129.00 | 2.65 | 6.96 | | | INCLUDING | 126.35 | 127.00 | 0.65 | 16.15 | | | | 159.25 | 160.75 | 1.50 | 19.20 | | | | 165.50 | 166.00 | 0.50 | 16.20 | | | | 217.50 | 218.20 | 0.70 | 4.09 | | IM-18-042 | | 61.50 | 63.00 | 1.50 | 5.01 | | | | 190.00 | 191.50 | 1.50 | 5.39 | | IM-18-043 | | 23.50 | 24.00 | 0.50 | 14.70 | | | | 24.60 | 25.15 | 0.55 | 5.65 | | | | 188.50 | 189.00 | 0.50 | 40.20 | | | | 193.40 | 194.15 | 0.75 | 17.65 | | | | 197.95 | 198.50 | 0.55 | 6.66 | | IM-18-044 | | 18.75 | 19.60 | 0.85 | 16.95 | | | | 24.00 | 26.40 | 2.40 | 20.19 | | | INCLUDING | 24.00 | 25.25 | 1.25 | 27.40 | | | AND | 25.90 | 26.40 | 0.50 | 28.40 | | | | 127.35 | 128.00 | 0.65 | 4.46 | | | | 155.50 | 157.00 | 1.50 | 20.20 | | | | 315.50 | 316.90 | 1.40 | 14.65 | | | | 349.50 | 351.00 | 1.50 | 9.11 | | | | 350.50 | 351.00 | 0.50 | 17.65 | | IM-18-045 | | 65.25 | 66.00 | 0.75 | 6.44 | | | | 227.65 | 228.55 | 0.90 | 48.60 | | | | 270.95 | 271.55 | 0.60 | 7.71 | | | | 273.35 | 273.85 | 0.50 | 11.90 | | | | 278.35 | 279.00 | 0.65 | 32.30 | | | | 284.20 | 284.70 | 0.50 | 9.08 | | | | 305.50 | 306.00 | 0.50 | 13.70 | | | | 322.60 | 323.45 | 0.85 | 7.53 | | | | 368.00 | 372.00 | 4.00 | 5.22 | | | INCLUDING | 368.00 | 369.00 | 1.00 | 12.40 | | | AND | 371.00 | 372.00 | 1.00 | 6.86 | | IM-18-046 | | 282.50 | 283.00 | 0.50 | 5.35 | | | | 353.00 | 354.00 | 1.00 | 10.10 | | | | 447.90 | 456.15 | 8.25 | 14.36 | | | INCLUDING | 447.90 | 449.00 | 1.10 | 11.05 | | | AND | 452.00 | 452.65 | 0.65 | 45.30 | | | AND | 453.85 | 455.00 | 1.15 | 13.25 | | | | 460.75 | 461.70 | 0.95 | 10.40 | | | | 474.00 | 475.00 | 1.00 | 11.10 | | | | 496.00 | 500.35 | 4.35 | 27.41 | | | INCLUDING | 496.00 | 497.00 | 1.00 | 19.75 | | | AND | 497.50 | 498.75 | 1.25 | 51.10 | | | AND | 498.75 | 499.75 | 1.00 | 30.90 | | | | 520.30 | 520.80 | 0.50 | 13.75 | | | | 523.65 | 524.55 | 0.90 | 8.73 | | | | 536.70 | 537.70 | 1.00 | 19.40 | | IM-18-047 | | 138.80 | 139.75 | 0.95 | 9.49 | | | | 213.15 | 213.65 | 0.50 | 5.34 | | | | 267.30 | 268.05 | 0.75 | 12.90 | | | | 269.10 | 269.65 | 0.55 | 12.60 | | | | 408.60 | 409.70 | 1.10 | 10.30 | | | | 421.50 | 428.50 | 7.00 | 11.68 | | | INCLUDING | 421.50 | 422.25 | 0.75 | 12.70 | | | AND | 422.80 | 423.60 | 0.80 | 29.80 | | | AND | 426.40 | 427.10 | 0.70 | 12.50 | | | AND | 427.85 | 428.50 | 0.65 | 47.40 |
True widths are estimated to be 50 to 75% of reported core length intervals. Intervals not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays.
| Table 2: Drillhole Collar Orientations: | | HOLE ID | AZIMUTH | DIP | | IM-18-023 | 123 | -65 | | IM-18-024 | 124 | -64 | | IM-18-025 | 151 | -50 | | IM-18-026 | 149 | -60 | | IM-18-027 | 130 | -58 | | IM-18-028 | 131 | -53 | | IM-18-029 | 146 | -60 | | IM-18-030 | 135 | -44 | | IM-18-031 | 145 | -59 | | IM-18-032 | 134 | -45 | | IM-18-033 | 120 | -65 | | IM-18-034 | 143 | -57 | | IM-18-035 | 139 | -58 | | IM-18-036 | 134 | -54 | | IM-18-037 | 122 | -65 | | IM-18-038 | 108 | -44 | | IM-18-039 | 114 | -53 | | IM-18-040 | 141 | -51 | | IM-18-041 | 133 | -50 | | IM-18-042 | 146 | -44 | | IM-18-043 | 133 | -47 | | IM-18-044 | 130 | -63 | | IM-18-045 | 142 | -45 | | IM-18-046 | 123 | -67 | | IM-18-047 | 125 | -55 |
Photos accompanying this announcement are available at
globenewswire.com
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| From: howestreetbull | 9/7/2018 1:53:55 PM | | | | | | Barkerville signs $33M royalty deal with Osisko Gold
2018-09-06 08:09 ET - News Release
Mr. Chris Lodder reports
BARKERVILLE ANNOUNCES UP TO $33 MILLION ROYALTY FINANCING WITH OSISKO GOLD ROYALTIES LTD
Barkerville Gold Mines Ltd. has entered into a second amended and restated royalty purchase agreement with Osisko Gold Royalties Ltd. pursuant to which Osisko will acquire from Barkerville a 1.75-per-cent net smelter return (NSR) royalty on the Cariboo property for the aggregate purchase price of $20-million in immediately available funds.
Of the purchase price payable on closing, $2-million will be kept by Barkerville in a segregated restricted account and will not be available to Barkerville until certain conditions precedent are satisfied. Those conditions precedent include the delivery to Osisko of certain waivers and consents required from third parties in connection with the royalty transaction.
Under the terms of the royalty purchase agreement, the corporation also has the option to grant Osisko an additional 1-per-cent NSR on the property for additional cash consideration of $13-million, at any point between the closing date of the royalty transaction and Dec. 31, 2018. In order to grant the option royalty and receive the additional consideration, Barkerville must have successfully satisfied the conditions precedent to the release of the restricted funds.
In the event that the corporation announces a change of control during the royalty option period, or Osisko participates in an equity financing of the corporation during the royalty option period, if the option royalty remains unexercised, Osisko will have the right to purchase the option royalty.
As part of the royalty transaction, Barkerville will grant to Osisko 10 million common share purchase warrants of the corporation. The warrants will be exchangeable for common shares of the corporation at an exercise price of 75 cents per common share for a period of 36 months following the closing of the royalty transaction. All securities issued under the royalty transaction will be subject to a hold period expiring four months and one day from the date of closing.
The gross proceeds from royalty transaction will be used by the corporation to finance exploration and studies related to the property and for general corporate purposes. The royalty transaction remains subject to the final approval of the TSX Venture Exchange.
Related-party disclosure
The royalty transaction is considered to be a related-party transaction for purposes of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions -- and Policy 5.9 -- Protection of Minority Security Holders in Special Transactions of the TSX Venture Exchange. The corporation is relying on exemptions from the formal valuation and minority shareholder approval requirements available under MI 61-101. The corporation is exempt from the formal valuation requirement in Section 5.4 of MI 61-101 in reliance on sections 5.5(a) and (b) of MI 61-101 as the fair market value of the transaction is not more than the 25 per cent of the corporation's market capitalization, and no securities of the corporation are listed or quoted for trading on prescribed stock exchanges or stock markets. Additionally, the corporation is exempt from minority shareholder approval requirement in Section 5.6 of MI 61-101 in reliance on Section 5.7(b) as the fair market value of the transaction is not more than the 25 per cent of the corporation's market capitalization. The board of directors of Barkerville approved the royalty transaction, with Sean Roosen, John Burzynski and Chris Lodder having declared a conflict of interest in, and abstaining from voting on, the matters being considered.
About Barkerville Gold Mines Ltd.
The company is focused on developing its extensive mineral rights package located in the historical Cariboo mining district of central British Columbia. Barkerville's Cariboo gold project mineral tenures cover 1,950 square kilometres along a strike length of 67 kilometres which include several past-producing placer and hardrock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the company has unlocked the fundamental structural controls of gold mineralization. The company's brownfields exploration team is focused on developing and delineating a minable resource within the seven kilometres of principal project area located near the town of Wells, B.C.
We seek Safe Harbor.
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| From: howestreetbull | 9/11/2018 9:20:35 AM | | | | | | Barkerville Gold Mines Reports Positive Results from Initial Test Mining of 80,000 Tonnes at Bonanza Ledge, Better Mine Grades and Solid Mill Performance
V.BGM | 2 hours ago
Canada NewsWire
TORONTO, Sept. 11, 2018
Mine grades of 7.05 g/t compared favorably to plan of 6.5 g/t
Mill recoveries on track at 91.6%
Both mine and mill throughput exceeding initial target levels
TORONTO, Sept. 11, 2018 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce positive results from its test mine at Bonanza Ledge. Barkerville's Bonanza Ledge mine has allowed the company to assess mining methods, understand what ground conditions to expect in different lithological units, train a local workforce, and generate cash flow to offset some exploration expenditures. All gathered data will add to the robustness of the company's feasibility study, which will be released in 2019.
image: mma.prnewswire.com
Barkerville Gold Mines Ltd. (CNW Group/Barkerville Gold Mines Ltd.)
Since the start of the Bonanza Ledge Project, approximately 80,000t have been extracted using long hole mining methods on two active levels. The mining blocks mined so far yield better grade than expected with an average grade of 7.05 g/t compared to the planned 6.5 g/t and dilution is on track with the predicted 12%. Cemented rock fill has been used as backfill. During development, conventional drill and blast methods were used along with a road header (continuous miner). The tested development methods will have a positive economic impact for the larger project at Cow and Island Mountain; major improvements on the performance and cost have been achieved in the last 5 months of operation. Significant reductions in operating cost has been made over the past few months, effectively reducing the initial $300/tonne CAD operating cost to $190/tonne CAD in the recent month.
Chris Lodder said "We are very pleased with the progression of the mine and mill and we continue to improve daily with our project team in place. The Bonanza Ledge Mine is proving the viability of our vision for the Cariboo project and the potential of growth to becoming a significant gold producer in British Columbia."
Significant Impacts
No lost time accidents have been recorded since the beginning of the Bonanza Ledge Project.
All Mining infrastructure (ventilation, pumping, electricity) and development (over 1,000m) have been complete, and a local mining team is in place.
The average head grade of 7.05 g/t was higher than expected 6.5 g/t.
Mine production was able to achieve up to 2000tpd, mill production was up to 800tpd.
Over 70,000t of ore have been milled project to date.
Milled recovery is 91.6% compared to the expected 92%, currently working toward further improvements including the recommissioning of a gravity circuit.
Over 12,200 ounces produced to date.
Qualified Persons
Mining activities at the Cariboo Gold Project are administered on site by the Company's Mine Manager, Paul Ratte. Francois Vezina, ing, P.Eng, MBA, Chief Operating Officer, is the engineer on record for the Company and has prepared, validated and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration activities on the Cariboo Gold Project.
About Barkerville Gold Mines Ltd.
The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville's Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company's Brownfield's exploration team is focused on developing and delineating a mineable resource within the 7 kilometers of principle project area located near the town of Wells, British Columbia. The Company's Greenfield's team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation's team is focused on developing and mining the Bonanza Ledge and BC Vein deposits on Barkerville Mountain. This operation allows the company to generate near term cash flow, train a local work force, keeps the present mining permit active, and de-risk's the project through staged production growth. Processing of material from these deposits is processed at the QR mill. QR is a fully owned, permitted mill and tailings facility, located approximately 110 kilometres away from Wells, and can be accessed by an all-season road.
Cautionary Statement on Forward -Looking Information
Neither the TSX Venture Exchange ('TSXV') nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
SOURCE Barkerville Gold Mines Ltd.
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| From: howestreetbull | 9/28/2018 8:56:09 AM | | | | | | by @nasdaq on September 27, 2018
Cow Mountain Drilling Intersects High Grade Gold Mineralization
TORONTO, Sept. 27, 2018 (GLOBE NEWSWIRE) -- 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. The Company is currently exploring and delineating high grade vein corridors with four diamond drills on Cow Mountain.
Selected Drilling Highlights:
- ?CM-18-005: 28.98 g/t Au over 1.90 meters (visible gold was observed)
- CM-18-006: 12.47 g/t Au over 5.35 meters
- CM-18-007: 30.62 g/t Au over 1.80 meters (visible gold was observed)
- CM-18-007: 76.90 g/t Au over 0.70 meters
- CM-18-007: 76.90 g/t Au over 0.70 meters
- CM-18-010: 10.70 g/t Au over 5.85 meters
- CM-18-012: 24.69 g/t Au over 3.15 meters (visible gold was observed)
- CM-18-013: 23.18 g/t Au over 3.70 meters
- CM-18-017: 20.41 g/t Au over 2.95 meters
- CM-18-018: 109.05 g/t Au over 1.20 meters (visible gold was observed)
- CM-18-024: 26.33 g/t Au over 4.00 meters
- CM-18-029: 160.50 g/t Au over 0.85 meters (visible gold was observed)
- CM-18-029: 39.81 g/t Au over 2.10 meters
- CM-18-039: 377.00 g/t Au over 0.50 meters
- CM-18-040: 66.40 g/t Au over 1.30 meters
- CM-18-043: 19.73 g/t Au over 3.05 meters
- CM-18-045: 13.07 g/t Au over 5.05 meters
- CM-18-049: 24.40 g/t Au over 2.20 meters
Detailed drilling results are presented in the table below. A drill hole location plan map and longitudinal section is 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).
For further information on Barkerville Gold Mines Ltd. please contact:
Chris Lodder
President & Chief Executive Officer
155 University Avenue, Suite 1440
Toronto, Ontario, Canada
clodder@barkervillegold.com
About Barkerville Gold Mines Ltd.
The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville’s Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company’s Brownfield’s exploration team is focused on developing and delineating a mineable resource within the 7 kilometers of principle project area located near the town of Wells, British Columbia. The Company’s Greenfield’s team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation’s team is focused on developing and mining the Bonanza Ledge and BC Vein deposits on Barkerville Mountain. This operation allows the company to generate near term cash flow, train a local work force, keeps the present mining permit active, and de-risk’s the project through staged production growth. Processing of material from these deposits is processed at the QR mill. QR is a fully owned, permitted mill and tailings facility, located approximately 110 kilometres away from Wells, and can be accessed by an all-season road.
Cautionary Statement on Forward -Looking Information
Neither the TSX Venture Exchange (‘TSXV’) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Table 1: Length weighted gold composites from Cow Mountain
| HOLD ID | | FROM | TO | CORE LENGTH (M) | AU (G/T) | | CM-18-001 | | 187.50 | 190.00 | 2.50 | 3.31 | | | Including | 187.50 | 188.10 | 0.60 | 11.55 | | | | 194.00 | 196.50 | 2.50 | 5.35 | | | Including | 194.00 | 195.00 | 1.00 | 10.50 | | | | 336.40 | 338.50 | 2.10 | 3.54 | | | Including | 336.40 | 337.00 | 0.60 | 5.57 | | CM-18-002 | No Significant Assays | | | | | | CM-18-003 | | 40.00 | 42.00 | 2.00 | 7.43 | | | Including | 41.50 | 42.00 | 0.50 | 26.30 | | | | 91.00 | 91.50 | 0.50 | 6.31 | | CM-18-004 | No Significant Assays | | | | | | CM-18-005 | | 60.00 | 61.90 | 1.90 | 28.98 | | | Including | 60.00 | 60.60 | 0.60 | 41.40 | | | And | 60.60 | 61.15 | 0.55 | 51.20 | | | | 71.00 | 72.65 | 1.65 | 7.10 | | | Including | 72.00 | 72.65 | 0.65 | 14.20 | | | | 83.25 | 83.90 | 0.65 | 5.62 | | | | 129.50 | 131.00 | 1.50 | 4.59 | | | | 134.90 | 135.40 | 0.50 | 17.15 | | | | 176.50 | 177.00 | 0.50 | 6.33 | | CM-18-006 | | 140.25 | 141.25 | 1.00 | 7.99 | | | | 164.60 | 167.00 | 2.40 | 4.57 | | | Including | 164.60 | 165.10 | 0.50 | 12.95 | | | | 199.85 | 200.35 | 0.50 | 5.91 | | | | 204.75 | 206.60 | 1.85 | 11.34 | | | Including | 204.75 | 205.70 | 0.95 | 16.65 | | | | 243.00 | 248.35 | 5.35 | 12.47 | | | Including | 243.00 | 244.20 | 1.20 | 48.80 | | | And | 247.70 | 248.35 | 0.65 | 8.44 | | CM-18-007 | | 128.20 | 130.00 | 1.80 | 30.62 | | | Including | 128.20 | 128.75 | 0.55 | 51.70 | | | And | 129.50 | 130.00 | 0.50 | 53.30 | | | | 134.40 | 135.10 | 0.70 | 76.90 | | | | 137.80 | 138.40 | 0.60 | 4.76 | | | | 141.80 | 142.40 | 0.60 | 7.97 | | CM-18-008 | | 176.50 | 177.10 | 0.60 | 34.20 | | | | 224.60 | 225.25 | 0.65 | 4.31 | | | | 225.90 | 226.85 | 0.95 | 7.61 | | | | 257.00 | 258.20 | 1.20 | 4.49 | | | | 310.20 | 310.80 | 0.60 | 5.79 | | CM-18-009 | | 11.50 | 12.00 | 0.50 | 7.51 | | | | 52.50 | 53.00 | 0.50 | 4.21 | | | | 75.20 | 77.35 | 2.15 | 6.71 | | | Including | 75.20 | 75.90 | 0.70 | 14.10 | | | And | 76.70 | 77.35 | 0.65 | 6.89 | | CM-18-010 | | 26.55 | 27.40 | 0.85 | 8.15 | | | | 30.30 | 31.00 | 0.70 | 4.49 | | | | 40.70 | 42.40 | 1.70 | 8.64 | | | Including | 40.70 | 41.40 | 0.70 | 15.80 | | | | 44.70 | 50.55 | 5.85 | 10.70 | | | Including | 44.70 | 45.40 | 0.70 | 42.80 | | | And | 46.50 | 47.00 | 0.50 | 6.32 | | | And | 47.60 | 48.60 | 1.00 | 7.02 | | | And | 49.50 | 50.55 | 1.05 | 19.25 | | | | 51.30 | 51.90 | 0.60 | 3.41 | | | | 52.50 | 53.00 | 0.50 | 9.62 | | CM-18-011 | | 81.75 | 82.60 | 0.85 | 38.50 | | | | 192.00 | 192.50 | 0.50 | 3.55 | | | | 195.90 | 197.00 | 1.10 | 5.69 | | | | 348.90 | 349.50 | 0.60 | 7.60 | | CM-18-012 | | 102.00 | 102.50 | 0.50 | 4.31 | | | | 105.85 | 106.35 | 0.50 | 4.58 | | | | 109.45 | 111.60 | 2.15 | 8.49 | | | Including | 105.85 | 106.35 | 0.50 | 4.58 | | | And | 110.70 | 111.60 | 0.90 | 6.14 | | | | 113.75 | 116.90 | 3.15 | 24.69 | | | Including | 113.75 | 114.25 | 0.50 | 15.70 | | | And | 114.25 | 114.90 | 0.65 | 15.85 | | | And | 114.90 | 115.60 | 0.70 | 60.60 | | | And | 116.40 | 116.90 | 0.50 | 32.00 | | | | 122.75 | 129.75 | 7.00 | 5.49 | | | Including | 122.75 | 123.40 | 0.65 | 8.20 | | | And | 123.40 | 124.30 | 0.90 | 26.70 | | | And | 129.15 | 129.75 | 0.60 | 6.71 | | CM-18-013 | | 56.70 | 60.40 | 3.70 | 23.18 | | | Including | 56.70 | 57.20 | 0.50 | 45.10 | | | And | 57.80 | 58.30 | 0.50 | 52.20 | | | And | 59.90 | 60.40 | 0.50 | 71.50 | | | | 75.80 | 76.30 | 0.50 | 10.20 | | | | 90.60 | 91.10 | 0.50 | 63.80 | | | | 123.50 | 124.00 | 0.50 | 26.80 | | | | 133.00 | 133.50 | 0.50 | 15.15 | | CM-18-014 | | 44.70 | 45.20 | 0.50 | 6.28 | | | | 138.50 | 139.00 | 0.50 | 56.00 | | | | 180.95 | 182.00 | 1.05 | 4.69 | | | | 200.50 | 202.10 | 1.60 | 8.22 | | CM-18-015 | | 122.50 | 123.50 | 1.00 | 5.11 | | | | 189.60 | 190.10 | 0.50 | 10.50 | | | | 226.60 | 227.50 | 0.90 | 15.45 | | CM-18-016 | | 49.10 | 50.00 | 0.90 | 5.15 | | | | 74.00 | 76.50 | 2.50 | 7.84 | | | Including | 74.50 | 75.10 | 0.60 | 29.70 | | | | 90.00 | 90.70 | 0.70 | 7.95 | | | | 98.40 | 99.00 | 0.60 | 8.65 | | | | 100.70 | 101.20 | 0.50 | 11.15 | | CM-18-017 | | 17.75 | 18.25 | 0.50 | 9.23 | | | | 145.95 | 148.90 | 2.95 | 20.41 | | | Including | 145.95 | 146.80 | 0.85 | 21.80 | | | And | 147.40 | 148.90 | 1.50 | 27.70 | | | | 165.50 | 166.65 | 1.15 | 22.21 | | | | 166.15 | 166.65 | 0.50 | 36.40 | | CM-18-018 | | 117.70 | 118.20 | 0.50 | 10.40 | | | | 126.10 | 130.20 | 4.10 | 4.61 | | | | 126.10 | 126.70 | 0.60 | 19.65 | | | | 127.60 | 128.10 | 0.50 | 8.98 | | | | 188.25 | 189.45 | 1.20 | 109.05 | | | Including | 188.25 | 188.85 | 0.60 | 21.10 | | | And | 188.85 | 189.45 | 0.60 | 197.00 | | | | 240.20 | 240.85 | 0.65 | 7.29 | | | | 242.70 | 243.80 | 1.10 | 6.42 | | | | 250.35 | 251.30 | 0.95 | 8.81 | | CM-18-019 | | 24.70 | 25.20 | 0.50 | 9.74 | | | | 101.00 | 102.00 | 1.00 | 22.90 | | | | 111.00 | 113.00 | 2.00 | 9.03 | | | | 111.90 | 112.50 | 0.60 | 27.00 | | | | 168.70 | 169.30 | 0.60 | 12.05 | | | | 185.00 | 186.00 | 1.00 | 17.90 | | | | 202.30 | 202.80 | 0.50 | 4.91 | | CM-18-020 | | 122.00 | 122.50 | 0.50 | 24.80 | | CM-18-021 | | 159.40 | 160.00 | 0.60 | 5.13 | | | | 179.20 | 179.70 | 0.50 | 12.50 | | | | 302.90 | 304.05 | 1.15 | 4.73 | | CM-18-022 | | 28.90 | 29.60 | 0.70 | 15.80 | | | | 75.70 | 76.20 | 0.50 | 12.30 | | | | 128.50 | 133.00 | 4.50 | 4.18 | | | Including | 132.20 | 133.00 | 0.80 | 9.33 | | | | 146.50 | 147.00 | 0.50 | 4.34 | | | | 210.60 | 211.10 | 0.50 | 14.80 | | CM-18-023 | | 189.50 | 190.00 | 0.50 | 20.60 | | | | 198.40 | 199.00 | 0.60 | 10.70 | | | | 206.60 | 207.10 | 0.50 | 15.45 | | CM-18-024 | | 73.50 | 76.95 | 3.45 | 11.17 | | | Including | 73.50 | 75.00 | 1.50 | 7.98 | | | And | 76.00 | 76.95 | 0.95 | 27.50 | | | | 119.00 | 123.00 | 4.00 | 26.33 | | | Including | 119.00 | 119.50 | 0.50 | 5.43 | | | And | 119.50 | 120.00 | 0.50 | 14.20 | | | And | 120.00 | 121.00 | 1.00 | 86.00 | | | And | 121.00 | 121.70 | 0.70 | 6.11 | | | And | 121.70 | 122.30 | 0.60 | 1.46 | | | And | 122.30 | 123.00 | 0.70 | 6.24 | | | | 157.20 | 157.70 | 0.50 | 4.28 | | CM-18-025 | No Significant Assays | | | | | | CM-18-026 | | 93.60 | 94.10 | 0.50 | 12.35 | | | | 147.00 | 147.60 | 0.60 | 14.70 | | | | 189.00 | 189.50 | 0.50 | 6.49 | | | | 197.00 | 198.00 | 1.00 | 5.71 | | | | 218.50 | 219.00 | 0.50 | 26.80 | | | | 251.80 | 252.50 | 0.70 | 5.48 | | | | 310.00 | 310.60 | 0.60 | 7.42 | | CM-18-027 | Hole Abandoned | | | | | | CM-18-028 | | 144.00 | 145.50 | 1.50 | 21.50 | | | | 166.00 | 166.50 | 0.50 | 21.00 | | | | 179.70 | 180.80 | 1.10 | 16.65 | | | Including | 180.20 | 180.80 | 0.60 | 28.30 | | | | 210.70 | 211.80 | 1.10 | 23.40 | | | | 216.25 | 217.25 | 1.00 | 4.56 | | | | 253.70 | 254.85 | 1.15 | 6.65 | | | | 256.90 | 257.40 | 0.50 | 19.60 | | | | 271.50 | 272.00 | 0.50 | 8.92 | | CM-18-029 | | 21.75 | 22.25 | 0.50 | 17.80 | | | | 26.95 | 27.45 | 0.50 | 80.60 | | | | 64.15 | 65.15 | 1.00 | 42.50 | | | | 97.50 | 98.00 | 0.50 | 6.67 | | | | 128.85 | 129.70 | 0.85 | 13.90 | | | | 186.15 | 186.65 | 0.50 | 4.11 | | | | 219.00 | 219.85 | 0.85 | 160.50 | | | | 230.25 | 231.00 | 0.75 | 4.00 | | | | 251.00 | 253.10 | 2.10 | 39.81 | | | Including | 251.00 | 251.50 | 0.50 | 89.00 | | | And | 252.50 | 253.10 | 0.60 | 65.00 | | | | 266.30 | 269.20 | 2.90 | 3.73 | | | Including | 268.05 | 269.20 | 1.15 | 7.35 | | | | 322.10 | 322.60 | 0.50 | 4.78 | | CM-18-030 | | 193.00 | 194.50 | 1.50 | 4.15 | | | | 249.30 | 250.25 | 0.95 | 6.14 | | | | 275.05 | 275.55 | 0.50 | 5.34 | | | | 320.12 | 320.62 | 0.50 | 59.50 | | | | 340.00 | 340.85 | 0.85 | 21.00 | | | | 357.50 | 358.30 | 0.80 | 4.78 | | | | 374.25 | 375.12 | 0.87 | 4.67 | | CM-18-031 | | 59.90 | 60.40 | 0.50 | 4.90 | | | | 75.00 | 75.60 | 0.60 | 4.77 | | | | 138.00 | 139.00 | 1.00 | 18.05 | | | | 173.50 | 175.50 | 2.00 | 6.70 | | | Including | 174.00 | 175.00 | 1.00 | 9.02 | | | | 226.55 | 227.10 | 0.55 | 18.55 | | CM-18-032 | | 39.50 | 40.00 | 0.50 | 5.56 | | CM-18-033 | | 19.90 | 21.95 | 2.05 | 16.94 | | | | 122.45 | 123.50 | 1.05 | 6.38 | | | Including | 122.45 | 123.00 | 0.55 | 8.89 | | | | 315.55 | 316.20 | 0.65 | 11.00 | | | | 320.65 | 322.35 | 1.70 | 6.52 | | | Including | 320.65 | 321.20 | 0.55 | 12.05 | | | | 337.50 | 338.75 | 1.25 | 8.75 | | | | 338.25 | 338.75 | 0.50 | 18.10 | | | | 353.85 | 355.00 | 1.15 | 4.61 | | CM-18-034 | | 161.50 | 164.20 | 2.70 | 9.33 | | | Including | 161.50 | 162.00 | 0.50 | 5.01 | | | And | 163.10 | 163.60 | 0.50 | 41.20 | | | | 185.40 | 186.00 | 0.60 | 5.60 | | CM-18-035 | | 70.00 | 70.50 | 0.50 | 7.67 | | CM-18-036 | | 58.50 | 59.00 | 0.50 | 54.10 | | | | 66.75 | 67.75 | 1.00 | 41.28 | | | Including | 66.75 | 67.25 | 0.50 | 76.50 | | | | 71.00 | 71.75 | 0.75 | 4.46 | | | | 88.30 | 89.00 | 0.70 | 4.80 | | | | 143.00 | 143.50 | 0.50 | 26.00 | | | | 145.35 | 145.85 | 0.50 | 84.20 | | CM-18-037 | | 24.15 | 25.00 | 0.85 | 5.80 | | | | 101.00 | 102.15 | 1.15 | 9.04 | | | | 258.00 | 259.70 | 1.70 | 3.73 | | | | 259.20 | 259.70 | 0.50 | 8.34 | | | | 283.40 | 284.00 | 0.60 | 10.70 | | CM-18-038 | | 26.00 | 26.70 | 0.70 | 18.80 | | | | 121.10 | 122.20 | 1.10 | 9.70 | | | | 129.70 | 130.40 | 0.70 | 10.25 | | | | 136.30 | 137.00 | 0.70 | 10.15 | | CM-18-039 | | 100.45 | 101.10 | 0.65 | 9.25 | | | | 104.50 | 105.40 | 0.90 | 5.51 | | | | 141.20 | 143.40 | 2.20 | 21.98 | | | Including | 141.20 | 141.70 | 0.50 | 47.50 | | | And | 142.25 | 142.75 | 0.50 | 32.30 | | | And | 142.75 | 143.40 | 0.65 | 12.65 | | | | 145.70 | 146.50 | 0.80 | 4.98 | | | | 191.70 | 192.50 | 0.80 | 6.96 | | | | 195.00 | 195.50 | 0.50 | 377.00 | | | | 198.50 | 200.00 | 1.50 | 6.26 | | CM-18-040 | | 22.70 | 24.00 | 1.30 | 66.40 | | | | 125.45 | 126.40 | 0.95 | 8.72 | | | | 130.00 | 130.50 | 0.50 | 52.70 | | | | 172.65 | 173.15 | 0.50 | 4.85 | | CM-18-041 | | 135.00 | 135.50 | 0.50 | 5.72 | | | | 209.00 | 209.50 | 0.50 | 7.24 | | | | 248.00 | 248.70 | 0.70 | 9.14 | | | | 279.00 | 280.15 | 1.15 | 8.17 | | | | 282.15 | 282.65 | 0.50 | 4.09 | | | | 306.00 | 307.20 | 1.20 | 14.95 | | | | 317.50 | 318.00 | 0.50 | 40.10 | | | | 368.00 | 368.50 | 0.50 | 19.15 | | CM-18-042 | | 43.75 | 45.35 | 1.60 | 5.04 | | | Including | 44.85 | 45.35 | 0.50 | 10.50 | | CM-18-043 | | 35.70 | 37.90 | 2.20 | 6.96 | | | Including | 35.70 | 36.40 | 0.70 | 14.90 | | | | 55.80 | 58.85 | 3.05 | 19.73 | | | Including | 56.30 | 57.00 | 0.70 | 13.15 | | | And | 58.00 | 58.85 | 0.85 | 56.90 | | | | 118.80 | 119.30 | 0.50 | 21.20 | | CM-18-044 | | 31.15 | 31.75 | 0.60 | 8.33 | | CM-18-045 | | 27.30 | 28.10 | 0.80 | 11.95 | | | | 33.80 | 37.10 | 3.30 | 5.84 | | | Including | 36.45 | 37.10 | 0.65 | 15.15 | | | | 68.00 | 73.05 | 5.05 | 13.07 | | | Including | 68.00 | 69.00 | 1.00 | 10.65 | | | And | 69.85 | 70.60 | 0.75 | 51.50 | | | And | 72.55 | 73.05 | 0.50 | 32.80 | | | | 93.70 | 94.70 | 1.00 | 12.40 | | CM-18-046 | | 77.40 | 77.90 | 0.50 | 27.50 | | | | 84.50 | 85.00 | 0.50 | 28.30 | | | | 90.90 | 91.50 | 0.60 | 5.29 | | | | 94.70 | 96.70 | 2.00 | 14.88 | | | Including | 95.25 | 96.20 | 0.95 | 27.70 | | | | 111.70 | 112.20 | 0.50 | 14.10 | | | | 115.50 | 117.30 | 1.80 | 9.81 | | | Including | 115.50 | 116.50 | 1.00 | 11.80 | | | | 219.85 | 221.50 | 1.65 | 24.60 | | | Including | 219.85 | 220.35 | 0.50 | 63.20 | | | And | 221.00 | 221.50 | 0.50 | 15.95 | | CM-18-047 | | 152.70 | 153.20 | 0.50 | 27.70 | | | | 183.30 | 183.90 | 0.60 | 5.46 | | | | 188.50 | 189.10 | 0.60 | 8.35 | | CM-18-048 | | 9.90 | 10.45 | 0.55 | 20.80 | | | | 22.20 | 23.00 | 0.80 | 5.89 | | | | 46.50 | 49.10 | 2.60 | 6.69 | | | Including | 46.50 | 47.00 | 0.50 | 13.55 | | | | 65.70 | 66.20 | 0.50 | 19.30 | | | | 76.96 | 77.96 | 1.00 | 14.50 | | | | 86.70 | 87.90 | 1.20 | 6.93 | | | | 214.15 | 216.15 | 2.00 | 17.31 | | | | 280.35 | 281.10 | 0.75 | 7.14 | | CM-18-049 | | 97.00 | 98.00 | 1.00 | 5.64 | | | | 114.10 | 117.60 | 3.50 | 21.69 | | | Including | 114.10 | 114.60 | 0.50 | 101.00 | | | And | 115.10 | 115.60 | 0.50 | 18.35 | | | And | 116.10 | 116.60 | 0.50 | 10.10 | | | And | 117.10 | 117.60 | 0.50 | 17.20 | | | | 157.30 | 158.30 | 1.00 | 5.64 | | | | 168.30 | 168.90 | 0.60 | 52.20 | | | | 194.50 | 195.00 | 0.50 | 4.64 | | | | 213.55 | 215.75 | 2.20 | 24.40 | | | | 230.30 | 231.25 | 0.95 | 16.75 | | CM-18-050 | 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-18-001 | 137 | -45 | | CM-18-002 | 117 | -61 | | CM-18-003 | 123 | -55 | | CM-18-004 | 117 | -61 | | CM-18-005 | 126 | -49 | | CM-18-006 | 123 | -63 | | CM-18-007 | 126 | -58 | | CM-18-008 | 126 | -66 | | CM-18-009 | 127 | -58 | | CM-18-010 | 122 | -47 | | CM-18-011 | 129 | -45 | | CM-18-012 | 128 | -66 | | CM-18-013 | 128 | -51 | | CM-18-014 | 126 | -47 | | CM-18-015 | 121 | -61 | | CM-18-016 | 116 | -63 | | CM-18-017 | 128 | -54 | | CM-18-018 | 127 | -57 | | CM-18-019 | 133 | -57 | | CM-18-020 | 111 | -46 | | CM-18-021 | 118 | -47 | | CM-18-022 | 142 | -55 | | CM-18-023 | 128 | -48 | | CM-18-024 | 154 | -49 | | CM-18-025 | 120 | -45 | | CM-18-026 | 137 | -47 | | CM-18-027 | 123 | -61 | | CM-18-028 | 115 | -61 | | CM-18-029 | 115 | -44 | | CM-18-030 | 111 | -54 | | CM-18-031 | 131 | -47 | | CM-18-032 | 133 | -50 | | CM-18-033 | 125 | -44 | | CM-18-034 | 138 | -58 | | CM-18-035 | 334 | -49 | | CM-18-036 | 150 | -49 | | CM-18-037 | 127 | -46 | | CM-18-038 | 142 | -47 | | CM-18-039 | 114 | -61 | | CM-18-040 | 120 | -46 | | CM-18-041 | 137 | -49 | | CM-18-042 | 137 | -57 | | CM-18-043 | 150 | -54 | | CM-18-044 | 131 | -50 | | CM-18-045 | 141 | -63 | | CM-18-046 | 132 | -47 | | CM-18-047 | 120 | -53 | | CM-18-048 | 117 | -45 | | CM-18-049 | 116 | -56 | | CM-18-050 | 323 | -45 | | | | |
A photo accompanying this announcement is available at globenewswire.com
A photo accompanying this announcement is available at globenewswire.com
A photo accompanying this announcement is available at globenewswire.com
 
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| 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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| 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.
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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
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