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   Gold/Mining/EnergyBGM


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

TORONTO, May 08, 2018 (GLOBE NEWSWIRE) -- Barkerville Gold Mines Ltd. (TSXV:BGM) (the “Company” or “Barkerville”) is pleased to announce additional drilling results from the 50,000-meter 2018 Island Mountain exploration and delineation program at the Company’s flagship Cariboo Gold Project. Detailed drilling results, a drill hole location plan map and vertical sections are presented at the end of this release. The infill drilling results continue to demonstrate continuity and expansion of modelled vein corridors.

Historic Underground Workings and Modelled Vein Zones


Island Mountain Drilling


Island Mountain Drilling Section


Drilling Highlights

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

    The intervals noted above were intersected in holes designed to infill and expand known vein corridors on the property down to depths of 500 meters. The program consisted of 50,000 meters drilled in 162 holes, mainly in the Shaft Zone area. Mineralized quartz veins on the Cariboo Gold Project are hosted within the sandstones and are an anastomosing network of high vein density with an overall sub-vertical dip and northeast strike. Recent modelling of the vein corridors Island Mountain proposes 101 mineralized vein corridors. These vein corridors have estimated horizontal width of 3 meters and a strike length of up to 300 meters. These corridors have been defined from surface to a vertical depth of 600 meters and remain open for expansion at depth and down plunge. Gold grades are intimately associated with vein-hosted pyrite as well as pyritic, intensely silicified wall rock haloes in close proximity to the veins.

    Qualified Persons

    Exploration activities at the Cariboo Gold Project are administered on site by the Company’s Project Geologists, Kyle Orr and Felipe Castaneda. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, P.Geo. Vice President Exploration, is the Qualified Person for the Company and has prepared, validated and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration activities on the Cariboo Gold Project.

    Quality Assurance – Quality Control

    Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently stored on site at the Company’s secure facility in Wells, BC. Numbered security tags are applied to lab shipments for chain of custody requirements. The Company inserts quality control (QC) samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QAQC program was designed and approved by Lynda Bloom, P.Geo. of Analytical Solutions Ltd., and is overseen by the Company’s Qualified Person, Maggie Layman, P.Geo, Vice President Exploration.

    Drill core samples are submitted to ALS Geochemistry’s analytical facility in North Vancouver, British Columbia for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed and 250 grams is pulverized. Analysis for gold is by 50g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 ppm and upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are re-analyzed using a 1,000g screen metallic fire assay. A selected number of samples are also analyzed using a 48 multi-elemental geochemical package by a 4-acid digestion, followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) and Inductively Coupled Plasma Mass Spectroscopy (ICP-MS).

    For further information on Barkerville Gold Mines Ltd. please contact:

    Chris Lodder
    President & Chief Executive Officer
    155 University Avenue, Suite 1440
    Toronto, Ontario, Canada
    clodder@barkervillegold.com

    About Barkerville Gold Mines Ltd.

    The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville’s Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company’s Brownfield’s exploration team is focused on developing and delineating a mineable resource within the 7 kilometers of principle project area located near the town of Wells, British Columbia. The Company’s Greenfield’s team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation’s team is focused on developing and mining the Bonanza Ledge and BC Vein deposits on Barkerville Mountain. This operation allows the company to generate near term cash flow, train a local work force, keeps the present mining permit active, and de-risk’s the project through staged production growth. Processing of material from these deposits is processed at the QR mill. QR is a fully owned, permitted mill and tailings facility, located approximately 110 kilometres away from Wells, and can be accessed by an all-season road.

    Cautionary Statement on Forward -Looking Information
    Neither the TSX Venture Exchange (‘TSXV’) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

    Table 1: Length weighted gold composites from Island Mountain
    HOLE ID FROMTOCORE LENGTH (M)AU (G/T)
    IM-18-023 79.7580.300.5515.35
    221.70222.600.908.49
    230.50231.000.505.63
    265.35266.200.855.26
    281.50282.150.6515.00
    316.00318.002.0042.20
    INCLUDING317.00318.001.0058.00
    352.75354.501.7554.51
    INCLUDING353.25354.501.2573.80
    366.90368.251.354.81
    384.75385.250.505.12
    513.00514.501.505.74
    517.00518.501.507.83
    IM-18-023_1 354.00354.800.8020.20
    368.95370.501.554.65
    394.70395.300.6010.10
    IM-18-024ABANDONED
    IM-18-025 51.3551.950.6016.40
    63.4063.900.5015.60
    85.0086.001.0011.30
    90.8591.350.5022.40
    96.3599.553.209.57
    INCLUDING97.1598.651.5013.05
    112.80114.301.5061.40
    194.20194.900.705.24
    240.15240.650.504.92
    IM-18-026 51.9554.702.7531.83
    INCLUDING53.4054.100.7051.20
    AND54.1054.700.6061.00
    97.7599.501.757.54
    INCLUDING97.7599.001.259.43
    134.00136.752.759.44
    INCLUDING134.00134.850.8516.65
    INCLUDING134.85135.400.5515.25
    153.65154.150.5010.45
    214.20214.750.5568.90
    IM-18-027 83.1585.001.8513.41
    INCLUDING83.1583.650.5018.80
    AND83.6584.300.6521.10
    171.55172.801.2511.50
    INCLUDING172.25172.800.5519.40
    171.55172.801.2511.50
    INCLUDING172.25172.800.5519.40
    174.45179.154.7012.82
    INCLUDING174.95175.550.6018.35
    AND177.65178.400.7525.50
    AND178.40179.150.7515.50
    181.60185.353.755.21
    INCLUDING181.60182.200.6011.50
    AND184.30184.850.5513.15
    AND184.85185.350.507.72
    361.50362.851.3553.24
    396.15396.650.5025.00
    397.15397.650.505.27
    401.00401.550.5582.30
    402.60403.100.506.44
    408.05408.600.558.70
    IM-18-028 163.30164.200.907.03
    IM-18-029 81.1082.501.4017.10
    IM-18-030 28.5029.400.9015.40
    33.7034.250.5516.90
    152.00152.600.605.87
    225.80226.300.504.76
    303.00303.750.755.66
    305.80306.300.5017.40
    344.35345.100.759.66
    350.30350.800.506.11
    389.50390.701.2015.01
    INCLUDING390.10390.700.6022.70
    IM-18-031 34.0034.900.905.68
    83.1583.700.5530.10
    88.1590.001.8517.81
    INCLUDING89.1090.000.9028.90
    IM-18-032 66.0066.500.509.13
    87.8088.300.504.62
    112.50113.250.7547.20
    IM-18-033 31.1531.800.654.14
    32.7533.250.504.51
    143.20145.202.005.79
    145.90146.400.504.16
    148.20148.850.655.19
    163.50165.001.503.22
    210.60212.501.9017.36
    INCLUDING210.60211.250.6529.50
    AND211.75212.500.7518.40
    216.50217.501.0019.15
    INCLUDING217.00217.500.5026.90
    266.85267.350.5013.05
    337.00338.151.1515.25
    428.75430.952.2012.71
    INCLUDING428.75429.250.5024.20
    473.30482.609.3016.96
    INCLUDING473.30474.000.7016.05
    AND474.00474.500.5053.60
    AND476.00476.650.6557.90
    AND476.65477.350.7021.50
    AND479.50480.000.5018.15
    AND480.00481.251.2529.30
    AND482.00482.600.6014.65
    492.50493.000.505.08
    497.00497.500.505.67
    IM-18-034 11.0011.650.6523.40
    21.1522.000.8512.50
    84.0084.550.5536.50
    121.80122.550.756.82
    135.90136.650.756.02
    161.00162.501.507.09
    INCLUDING162.00162.500.509.60
    165.50166.300.808.99
    242.65243.300.6511.90
    244.20245.501.3021.39
    IM-18-035 89.0089.500.504.59
    100.65102.001.3511.00
    115.35116.501.154.57
    IM-18-036 125.60126.100.509.45
    220.15220.800.6516.80
    297.80299.001.203.77
    327.50328.851.3511.57
    INCLUDING327.50328.150.6515.25
    344.50347.503.0014.25
    344.50345.000.5056.20
    347.00347.500.5026.00
    355.55356.200.6522.30
    398.60399.500.9017.90
    407.35407.950.6015.40
    409.15409.700.554.11
    412.75413.400.658.01
    414.15414.650.5016.75
    IM-18-037ABANDONED
    IM-18-038 61.9064.102.2034.04
    INCLUDING62.5063.000.5055.20
    66.0070.604.6020.34
    INCLUDING67.0068.301.3030.20
    77.8078.700.9013.00
    81.80100.0018.2012.54
    INCLUDING81.8082.600.8026.20
    AND84.2085.000.8034.60
    AND85.0086.501.5025.90
    AND91.0092.501.5015.80
    AND92.5093.000.5016.30
    AND96.0097.001.0013.75
    102.00103.001.0011.15
    104.00104.600.605.90
    116.05117.801.7515.96
    INCLUDING116.05116.550.5022.50
    171.40172.501.1046.21
    INCLUDING171.40172.000.6080.60
    218.70219.200.5011.60
    223.75224.250.5091.90
    226.30239.0012.704.22
    INCLUDING227.80228.300.506.17
    AND229.55230.300.7529.00
    AND233.50234.000.506.68
    AND237.35238.000.658.28
    AND238.50239.000.5010.40
    244.00249.655.6517.91
    INCLUDING244.00245.001.0010.70
    AND248.35249.651.3067.00
    IM-18-039 50.5051.300.8031.50
    54.8560.705.8522.87
    INCLUDING54.8556.101.2544.60
    AND59.0060.001.0061.50
    AND60.0060.700.7011.00
    104.60105.350.755.52
    112.80113.300.5012.15
    116.50117.000.5019.20
    120.00120.500.504.81
    148.80151.002.2012.69
    INCLUDING149.50151.001.5016.65
    192.40193.300.904.52
    222.15222.800.655.00
    244.70247.652.957.53
    INCLUDING247.15247.650.5015.50
    251.00252.001.0010.25
    282.70284.301.607.65
    INCLUDING283.60284.300.7010.05
    IM-18-040 165.30166.000.7010.50
    176.15181.004.857.17
    INCLUDING176.15176.800.654.58
    AND178.80179.300.5031.70
    AND180.50181.000.509.02
    305.00305.750.7519.30
    IM-18-041 25.9030.204.3036.41
    INCLUDING25.9026.500.6031.00
    AND27.0027.800.80114.00
    AND27.8028.450.6540.90
    AND28.4529.000.5520.10
    126.35129.002.656.96
    INCLUDING126.35127.000.6516.15
    159.25160.751.5019.20
    165.50166.000.5016.20
    217.50218.200.704.09
    IM-18-042 61.5063.001.505.01
    190.00191.501.505.39
    IM-18-043 23.5024.000.5014.70
    24.6025.150.555.65
    188.50189.000.5040.20
    193.40194.150.7517.65
    197.95198.500.556.66
    IM-18-044 18.7519.600.8516.95
    24.0026.402.4020.19
    INCLUDING24.0025.251.2527.40
    AND25.9026.400.5028.40
    127.35128.000.654.46
    155.50157.001.5020.20
    315.50316.901.4014.65
    349.50351.001.509.11
    350.50351.000.5017.65
    IM-18-045 65.2566.000.756.44
    227.65228.550.9048.60
    270.95271.550.607.71
    273.35273.850.5011.90
    278.35279.000.6532.30
    284.20284.700.509.08
    305.50306.000.5013.70
    322.60323.450.857.53
    368.00372.004.005.22
    INCLUDING368.00369.001.0012.40
    AND371.00372.001.006.86
    IM-18-046 282.50283.000.505.35
    353.00354.001.0010.10
    447.90456.158.2514.36
    INCLUDING447.90449.001.1011.05
    AND452.00452.650.6545.30
    AND453.85455.001.1513.25
    460.75461.700.9510.40
    474.00475.001.0011.10
    496.00500.354.3527.41
    INCLUDING496.00497.001.0019.75
    AND497.50498.751.2551.10
    AND498.75499.751.0030.90
    520.30520.800.5013.75
    523.65524.550.908.73
    536.70537.701.0019.40
    IM-18-047 138.80139.750.959.49
    213.15213.650.505.34
    267.30268.050.7512.90
    269.10269.650.5512.60
    408.60409.701.1010.30
    421.50428.507.0011.68
    INCLUDING421.50422.250.7512.70
    AND422.80423.600.8029.80
    AND426.40427.100.7012.50
    AND427.85428.500.6547.40
    True widths are estimated to be 50 to 75% of reported core length intervals. Intervals not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays.

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

    globenewswire.com

    globenewswire.com

    globenewswire.com






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

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

    Mr. Chris Lodder reports

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

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

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

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

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

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

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

    Related-party disclosure

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

    About Barkerville Gold Mines Ltd.

    The company is focused on developing its extensive mineral rights package located in the historical Cariboo mining district of central British Columbia. Barkerville's Cariboo gold project mineral tenures cover 1,950 square kilometres along a strike length of 67 kilometres which include several past-producing placer and hardrock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the company has unlocked the fundamental structural controls of gold mineralization. The company's brownfields exploration team is focused on developing and delineating a minable resource within the seven kilometres of principal project area located near the town of Wells, B.C.

    We seek Safe Harbor.

    © 2018 Canjex Publishing Ltd. All rights reserved.

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

    TORONTO, Sept. 11, 2018

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

    image: mma.prnewswire.com

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

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

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

    Significant Impacts

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

    Mining activities at the Cariboo Gold Project are administered on site by the Company's Mine Manager, Paul Ratte. Francois Vezina, ing, P.Eng, MBA, Chief Operating Officer, is the engineer on record for the Company and has prepared, validated and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration activities on the Cariboo Gold Project.

    About Barkerville Gold Mines Ltd.

    The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville's Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company's Brownfield's exploration team is focused on developing and delineating a mineable resource within the 7 kilometers of principle project area located near the town of Wells, British Columbia. The Company's Greenfield's team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation's team is focused on developing and mining the Bonanza Ledge and BC Vein deposits on Barkerville Mountain. This operation allows the company to generate near term cash flow, train a local work force, keeps the present mining permit active, and de-risk's the project through staged production growth. Processing of material from these deposits is processed at the QR mill. QR is a fully owned, permitted mill and tailings facility, located approximately 110 kilometres away from Wells, and can be accessed by an all-season road.

    Cautionary Statement on Forward -Looking Information

    Neither the TSX Venture Exchange ('TSXV') nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

    SOURCE Barkerville Gold Mines Ltd.

    image: rt.newswire.ca

    View original content to download multimedia: newswire.ca

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    From: howestreetbull9/28/2018 8:56:09 AM
       of 127
     
    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.

    Modelled Vein Corridor Zones


    Cow Mountain Drilling Plan Map


    Cow Mountain Long Section


    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 FROMTOCORE LENGTH (M)AU (G/T)
    CM-18-001 187.50190.002.503.31
    Including187.50188.100.6011.55
    194.00196.502.505.35
    Including194.00195.001.0010.50
    336.40338.502.103.54
    Including336.40337.000.605.57
    CM-18-002No Significant Assays
    CM-18-003 40.0042.002.007.43
    Including41.5042.000.5026.30
    91.0091.500.506.31
    CM-18-004No Significant Assays
    CM-18-005 60.0061.901.9028.98
    Including60.0060.600.6041.40
    And60.6061.150.5551.20
    71.0072.651.657.10
    Including72.0072.650.6514.20
    83.2583.900.655.62
    129.50131.001.504.59
    134.90135.400.5017.15
    176.50177.000.506.33
    CM-18-006 140.25141.251.007.99
    164.60167.002.404.57
    Including164.60165.100.5012.95
    199.85200.350.505.91
    204.75206.601.8511.34
    Including204.75205.700.9516.65
    243.00248.355.3512.47
    Including243.00244.201.2048.80
    And247.70248.350.658.44
    CM-18-007 128.20130.001.8030.62
    Including128.20128.750.5551.70
    And129.50130.000.5053.30
    134.40135.100.7076.90
    137.80138.400.604.76
    141.80142.400.607.97
    CM-18-008 176.50177.100.6034.20
    224.60225.250.654.31
    225.90226.850.957.61
    257.00258.201.204.49
    310.20310.800.605.79
    CM-18-009 11.5012.000.507.51
    52.5053.000.504.21
    75.2077.352.156.71
    Including75.2075.900.7014.10
    And76.7077.350.656.89
    CM-18-010 26.5527.400.858.15
    30.3031.000.704.49
    40.7042.401.708.64
    Including40.7041.400.7015.80
    44.7050.555.8510.70
    Including44.7045.400.7042.80
    And46.5047.000.506.32
    And47.6048.601.007.02
    And49.5050.551.0519.25
    51.3051.900.603.41
    52.5053.000.509.62
    CM-18-011 81.7582.600.8538.50
    192.00192.500.503.55
    195.90197.001.105.69
    348.90349.500.607.60
    CM-18-012 102.00102.500.504.31
    105.85106.350.504.58
    109.45111.602.158.49
    Including105.85106.350.504.58
    And110.70111.600.906.14
    113.75116.903.1524.69
    Including113.75114.250.5015.70
    And114.25114.900.6515.85
    And114.90115.600.7060.60
    And116.40116.900.5032.00
    122.75129.757.005.49
    Including122.75123.400.658.20
    And123.40124.300.9026.70
    And129.15129.750.606.71
    CM-18-013 56.7060.403.7023.18
    Including56.7057.200.5045.10
    And57.8058.300.5052.20
    And59.9060.400.5071.50
    75.8076.300.5010.20
    90.6091.100.5063.80
    123.50124.000.5026.80
    133.00133.500.5015.15
    CM-18-014 44.7045.200.506.28
    138.50139.000.5056.00
    180.95182.001.054.69
    200.50202.101.608.22
    CM-18-015 122.50123.501.005.11
    189.60190.100.5010.50
    226.60227.500.9015.45
    CM-18-016 49.1050.000.905.15
    74.0076.502.507.84
    Including74.5075.100.6029.70
    90.0090.700.707.95
    98.4099.000.608.65
    100.70101.200.5011.15
    CM-18-017 17.7518.250.509.23
    145.95148.902.9520.41
    Including145.95146.800.8521.80
    And147.40148.901.5027.70
    165.50166.651.1522.21
    166.15166.650.5036.40
    CM-18-018 117.70118.200.5010.40
    126.10130.204.104.61
    126.10126.700.6019.65
    127.60128.100.508.98
    188.25189.451.20109.05
    Including188.25188.850.6021.10
    And188.85189.450.60197.00
    240.20240.850.657.29
    242.70243.801.106.42
    250.35251.300.958.81
    CM-18-019 24.7025.200.509.74
    101.00102.001.0022.90
    111.00113.002.009.03
    111.90112.500.6027.00
    168.70169.300.6012.05
    185.00186.001.0017.90
    202.30202.800.504.91
    CM-18-020 122.00122.500.5024.80
    CM-18-021 159.40160.000.605.13
    179.20179.700.5012.50
    302.90304.051.154.73
    CM-18-022 28.9029.600.7015.80
    75.7076.200.5012.30
    128.50133.004.504.18
    Including132.20133.000.809.33
    146.50147.000.504.34
    210.60211.100.5014.80
    CM-18-023 189.50190.000.5020.60
    198.40199.000.6010.70
    206.60207.100.5015.45
    CM-18-024 73.5076.953.4511.17
    Including73.5075.001.507.98
    And76.0076.950.9527.50
    119.00123.004.0026.33
    Including119.00119.500.505.43
    And119.50120.000.5014.20
    And120.00121.001.0086.00
    And121.00121.700.706.11
    And121.70122.300.601.46
    And122.30123.000.706.24
    157.20157.700.504.28
    CM-18-025No Significant Assays
    CM-18-026 93.6094.100.5012.35
    147.00147.600.6014.70
    189.00189.500.506.49
    197.00198.001.005.71
    218.50219.000.5026.80
    251.80252.500.705.48
    310.00310.600.607.42
    CM-18-027Hole Abandoned
    CM-18-028 144.00145.501.5021.50
    166.00166.500.5021.00
    179.70180.801.1016.65
    Including180.20180.800.6028.30
    210.70211.801.1023.40
    216.25217.251.004.56
    253.70254.851.156.65
    256.90257.400.5019.60
    271.50272.000.508.92
    CM-18-029 21.7522.250.5017.80
    26.9527.450.5080.60
    64.1565.151.0042.50
    97.5098.000.506.67
    128.85129.700.8513.90
    186.15186.650.504.11
    219.00219.850.85160.50
    230.25231.000.754.00
    251.00253.102.1039.81
    Including251.00251.500.5089.00
    And252.50253.100.6065.00
    266.30269.202.903.73
    Including268.05269.201.157.35
    322.10322.600.504.78
    CM-18-030 193.00194.501.504.15
    249.30250.250.956.14
    275.05275.550.505.34
    320.12320.620.5059.50
    340.00340.850.8521.00
    357.50358.300.804.78
    374.25375.120.874.67
    CM-18-031 59.9060.400.504.90
    75.0075.600.604.77
    138.00139.001.0018.05
    173.50175.502.006.70
    Including174.00175.001.009.02
    226.55227.100.5518.55
    CM-18-032 39.5040.000.505.56
    CM-18-033 19.9021.952.0516.94
    122.45123.501.056.38
    Including122.45123.000.558.89
    315.55316.200.6511.00
    320.65322.351.706.52
    Including320.65321.200.5512.05
    337.50338.751.258.75
    338.25338.750.5018.10
    353.85355.001.154.61
    CM-18-034 161.50164.202.709.33
    Including161.50162.000.505.01
    And163.10163.600.5041.20
    185.40186.000.605.60
    CM-18-035 70.0070.500.507.67
    CM-18-036 58.5059.000.5054.10
    66.7567.751.0041.28
    Including66.7567.250.5076.50
    71.0071.750.754.46
    88.3089.000.704.80
    143.00143.500.5026.00
    145.35145.850.5084.20
    CM-18-037 24.1525.000.855.80
    101.00102.151.159.04
    258.00259.701.703.73
    259.20259.700.508.34
    283.40284.000.6010.70
    CM-18-038 26.0026.700.7018.80
    121.10122.201.109.70
    129.70130.400.7010.25
    136.30137.000.7010.15
    CM-18-039 100.45101.100.659.25
    104.50105.400.905.51
    141.20143.402.2021.98
    Including141.20141.700.5047.50
    And142.25142.750.5032.30
    And142.75143.400.6512.65
    145.70146.500.804.98
    191.70192.500.806.96
    195.00195.500.50377.00
    198.50200.001.506.26
    CM-18-040 22.7024.001.3066.40
    125.45126.400.958.72
    130.00130.500.5052.70
    172.65173.150.504.85
    CM-18-041 135.00135.500.505.72
    209.00209.500.507.24
    248.00248.700.709.14
    279.00280.151.158.17
    282.15282.650.504.09
    306.00307.201.2014.95
    317.50318.000.5040.10
    368.00368.500.5019.15
    CM-18-042 43.7545.351.605.04
    Including44.8545.350.5010.50
    CM-18-043 35.7037.902.206.96
    Including35.7036.400.7014.90
    55.8058.853.0519.73
    Including56.3057.000.7013.15
    And58.0058.850.8556.90
    118.80119.300.5021.20
    CM-18-044 31.1531.750.608.33
    CM-18-045 27.3028.100.8011.95
    33.8037.103.305.84
    Including36.4537.100.6515.15
    68.0073.055.0513.07
    Including68.0069.001.0010.65
    And69.8570.600.7551.50
    And72.5573.050.5032.80
    93.7094.701.0012.40
    CM-18-046 77.4077.900.5027.50
    84.5085.000.5028.30
    90.9091.500.605.29
    94.7096.702.0014.88
    Including95.2596.200.9527.70
    111.70112.200.5014.10
    115.50117.301.809.81
    Including115.50116.501.0011.80
    219.85221.501.6524.60
    Including219.85220.350.5063.20
    And221.00221.500.5015.95
    CM-18-047 152.70153.200.5027.70
    183.30183.900.605.46
    188.50189.100.608.35
    CM-18-048 9.9010.450.5520.80
    22.2023.000.805.89
    46.5049.102.606.69
    Including46.5047.000.5013.55
    65.7066.200.5019.30
    76.9677.961.0014.50
    86.7087.901.206.93
    214.15216.152.0017.31
    280.35281.100.757.14
    CM-18-049 97.0098.001.005.64
    114.10117.603.5021.69
    Including114.10114.600.50101.00
    And115.10115.600.5018.35
    And116.10116.600.5010.10
    And117.10117.600.5017.20
    157.30158.301.005.64
    168.30168.900.6052.20
    194.50195.000.504.64
    213.55215.752.2024.40
    230.30231.250.9516.75
    CM-18-050No 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 IDAZIMUTHDIP
    CM-18-001137-45
    CM-18-002117-61
    CM-18-003123-55
    CM-18-004117-61
    CM-18-005126-49
    CM-18-006123-63
    CM-18-007126-58
    CM-18-008126-66
    CM-18-009127-58
    CM-18-010122-47
    CM-18-011129-45
    CM-18-012128-66
    CM-18-013128-51
    CM-18-014126-47
    CM-18-015121-61
    CM-18-016116-63
    CM-18-017128-54
    CM-18-018127-57
    CM-18-019133-57
    CM-18-020111-46
    CM-18-021118-47
    CM-18-022142-55
    CM-18-023128-48
    CM-18-024154-49
    CM-18-025120-45
    CM-18-026137-47
    CM-18-027123-61
    CM-18-028115-61
    CM-18-029115-44
    CM-18-030111-54
    CM-18-031131-47
    CM-18-032133-50
    CM-18-033125-44
    CM-18-034138-58
    CM-18-035334-49
    CM-18-036150-49
    CM-18-037127-46
    CM-18-038142-47
    CM-18-039114-61
    CM-18-040120-46
    CM-18-041137-49
    CM-18-042137-57
    CM-18-043150-54
    CM-18-044131-50
    CM-18-045141-63
    CM-18-046132-47
    CM-18-047120-53
    CM-18-048117-45
    CM-18-049116-56
    CM-18-050323-45
    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: howestreetbull11/6/2018 8:38:59 AM
       of 127
     
    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 meters
  • CM-18-057: 7.06 g/t Au over 16.90 meters
  • CM-18-062: 104.00 g/t Au over 0.50 meter
  • CM-18-070: 28.08 g/t Au over 2.10 meters
  • CM-18-071: 11.84 g/t Au over 7.50 meters
  • CM-18-079: 200.00 g/t Au over 0.50 meter
  • CM-18-084: 20.41 g/t Au over 6.65 meters
  • CM-18-085: 101.50 g/t Au over 0.95 meter
  • CM-18-091: 346 g/t Au over 0.50 meters
  • CM-18-095: 10.48 g/t Au over 6.60 meters
  • CM-18-096: 7.45 g/t Au over 7.60 meters
  • CM-18-103: 42.88 g/t Au over 2.7 meters
  • CM-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: howestreetbull12/18/2018 10:34:25 AM
       of 127
     
    BGM.v BGMZF Barkerville Completes $28.5 Million Financing Of Common Shares And Flow-Through Shares; Announces 2018 Corporate Updates
    by @nasdaq on December 18, 2018
    NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

    TORONTO, Dec. 18, 2018 (GLOBE NEWSWIRE) -- Barkerville Gold Mines Ltd. (TSXV:BGM) ("Barkerville" or the "Corporation") is pleased to announce, further to its announcements on November 26, 2018 and December 6, 2018, that the Corporation has completed a brokered private placement financing of (i) 40,132,581 common shares of the Corporation that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) ("Tranche One Flow-Through Shares") at a price of $0.50 per share for gross proceeds of $20,066,290.50, (ii) 3,625,000 common shares of the Corporation that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) ("Tranche Two Flow-Through Shares") at a price of $0.40 per share for gross proceeds of $1,450,000, and (iii) 20,554,941 common shares of the Corporation ("Common Shares") at a price of $0.34 per share for gross proceeds of $6,988,679.94 (the "Offering").

    The Offering was led by Haywood Securities Inc., on behalf of a syndicate of underwriters that included Cormark Securities Inc. and Canaccord Genuity Corp. (collectively, the "Underwriters"). In consideration for their services, the Corporation has paid the Underwriters a cash commission equal to 5.0% of the gross proceeds from the Offering, excluding gross proceeds received from the sale of securities to Osisko Gold Royalties Ltd and Osisko Mining Inc.

    Certain subscribers under the Offering are considered to be a "related party" of the Corporation, and have subscribed for an aggregate of 20,554,941 Common Shares and 425,000 Tranche Two Flow-Through Shares for gross proceeds of $7,158,679.94. Each subscription by a "related party" of the Corporation is considered to be a "related party transaction" for purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101") and Policy 5.9 – Protection of Minority Security Holders in Special Transactions of the TSX Venture Exchange. Pursuant to MI 61-101, the Corporation has filed a material change report providing disclosure in relation to each "related party transaction" on SEDAR under Barkerville's issuer profile at www.sedar.com. The Corporation did not file the material change report more than 21 days before the expected closing date of the Offering as the details of the Offering and the participation therein by each "related party" of the Corporation were not settled until shortly prior to the closing of the Offering, and the Corporation wished to close the Offering on an expedited basis for sound business reasons. The Corporation is relying on exemptions from the formal valuation and minority shareholder approval requirements available under MI 61-101. The Corporation is exempt from the formal valuation requirement in section 5.4 of MI 61-101 in reliance on sections 5.5(a) and (b) of MI 61-101 as the fair market value of the transaction, insofar as it involves interested parties, is not more than the 25% of the Corporation's market capitalization, and no securities of the Corporation are listed or quoted for trading on prescribed stock exchanges or stock markets. Additionally, the Corporation is exempt from minority shareholder approval requirement in section 5.6 of MI 61-101 in reliance on section 5.7(b) as the fair market value of the transaction, insofar as it involves interested parties, is not more than the 25% of the Corporation's market capitalization. The board of directors of Barkerville unanimously approved the Offering, with Sean Roosen and John Burzysnki having declared a potential conflict of interest in, and abstaining from voting on, the matters being considered.

    The gross proceeds from the sale of the Tranche One and Tranche Two Flow-Through Shares will be used by the Corporation to fund the exploration and development of Barkerville's Cariboo Gold Project in central British Columbia. The net proceeds from the sale of Common Shares will be used to fund the exploration and development of the Corporation's Cariboo Gold Project in central British Columbia and for general corporate purposes.

    All securities issued under the Offering are subject to a four month hold period which will expire April 19, 2019. The Offering is subject to final acceptance of the TSX Venture Exchange. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

    2018 Corporate Updates

    In 2018, on the exploration side, Barkerville has been actively exploring and delineating new mineral resources at the Cariboo Gold Project. A total of 123,000 meters of drilling occurred on the property in 2018, comprising 64,000 meters on Cow Mountain, 50,000 meters on Shaft Zone, 4,500 meters at Mosquito Creek and 4,800 meters on Grouse Creek Regional Target. Regional soil sampling and surface mapping also occurred in 2018. The results of this drilling will be included in an updated mineral resource estimate being prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects, which is expected to be released in 2019.

    In 2018, on the mining side, Barkerville has completed test mining at Bonanza Ledge gaining great knowledge of the deposit and underground conditions, as well as developing an in-house engineering and permitting -compliance team. While the proceeds raised from the sale of "flow-through shares" under the Offering will be focused on exploration activities, test mining may resume at Bonanza Ledge, subject to receiving an amendment to the active mine permit allowing mining of the BC Vein Zone and approval by the Board of Directors of an updated mine plan for the BC Vein Zone.

    When all results are received and analyzed, a corporate update summarizing 2018 test mining and exploration results, as well as outlining objectives and catalysts for 2019 will be made available in early 2019.

    For more information on Barkerville Gold Mines Ltd., please contact:

    Chris Lodder
    President and Chief Executive Officer
    155 University Avenue, Suite 1400
    Toronto, Ontario, Canada
    clodder@barkervillegold.com

    Cautionary Statement on Forward-Looking Information

    This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the use of proceeds of the Offering; the timing and ability of the Corporation, if at all, to obtain final approval of the Offering from the TSX Venture Exchange; an exemption being available under MI 61-101 and Policy 5.9 of the TSX Venture Exchange from the minority shareholder approval and valuation requirements for each related party transaction; Barkerville's active exploration program at the Cariboo Gold Project; the timing and ability of Barkerville to complete an updated mineral resource estimate in 2019, or at all; the timing and ability of Barkerville to resume test mining at Bonanza Ledge, receive an amendment to the active mine permit and updating the internal mine plan, if at all; objectives, goals or future plans; statements regarding exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation's public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

    BGM LOGO.png

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    To: howestreetbull who wrote (117)1/10/2019 8:48:35 AM
    From: howestreetbull
       of 127
     
    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 meters
  • CM-18-153: 8.96 g/t Au over 8.60 meters
  • CM-18-158: 9.85 g/t Au over 10.40 meters
  • CM-18-159: 169.50 g/t Au over 0.50 meter
  • CM-18-159: 8.70 g/t Au over 3.35 meters
  • CM-18-164: 10.47 g/t Au over 7.30 meters
  • CM-18-172: 9.08 g/t Au over 4.55 meters
  • CM-18-172: 35.32 g/t Au over 3.50 meters including 180.50 g/t Au over 0.55 meter
  • CM-18-178: 73.70 g/t Au over 0.70 meter
  • CM-18-186: 10.39 g/t Au over 3.65 meters
  • CM-18-187: 11.09 g/t Au over 3.10 meters
  • CM-18-197: 7.05 g/t Au over 6.65 meters
  • CM-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