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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

    0.90

    5.19

    CM-18-171

    No Significant Assays





    CM-18-172


    176.25

    180.80

    4.55

    9.08


    Including

    179.20

    179.75

    0.55

    46.30


    And

    179.75

    180.30

    0.55

    9.08


    And

    180.30

    180.80

    0.50

    9.56



    277.55

    281.05

    3.50

    35.32


    Including

    277.55

    278.10

    0.55

    180.50


    And

    279.30

    280.00

    0.70

    14.15


    And

    280.00

    281.05

    1.05

    12.10



    373.10

    375.00

    1.90

    5.13


    Including

    374.40

    375.00

    0.60

    10.15



    409.95

    412.40

    2.45

    9.07


    Including

    409.95

    411.00

    1.05

    11.80


    And

    411.00

    411.85

    0.85

    9.89



    413.80

    414.20

    0.40

    4.02

    CM-18-173


    116.00

    116.50

    0.50

    5.16



    134.40

    135.00

    0.60

    10.25



    190.75

    191.35

    0.60

    4.71



    196.40

    197.45

    1.05

    4.34



    240.75

    241.85

    1.10

    11.56



    244.50

    245.00

    0.50

    17.35



    301.90

    302.40

    0.50

    7.29



    321.05

    324.55

    3.50

    8.13


    Including

    321.05

    321.85

    0.80

    15.60


    And

    323.85

    324.55

    0.70

    21.10



    332.50

    333.00

    0.50

    11.25



    337.00

    339.00

    2.00

    5.77


    Including

    338.50

    339.00

    0.50

    16.45

    CM-18-174


    95.75

    96.25

    0.50

    5.70



    141.00

    141.65

    0.65

    4.16



    165.00

    166.30

    1.30

    17.98


    Including

    165.50

    166.30

    0.80

    22.00



    208.40

    209.35

    0.95

    25.30

    CM-18-175


    154.00

    154.50

    0.50

    6.82



    191.30

    191.80

    0.50

    8.25



    231.50

    232.15

    0.65

    14.60



    253.80

    254.30

    0.50

    6.74



    367.70

    369.70

    2.00

    4.81


    Including

    367.70

    368.90

    1.20

    5.40

    CM-18-176


    127.65

    130.55

    2.90

    5.91


    Including

    130.00

    130.55

    0.55

    7.67

    CM-18-177


    74.80

    75.20

    0.40

    8.27



    107.50

    108.00

    0.50

    5.63

    CM-18-178


    172.50

    173.00

    0.50

    9.95



    185.25

    186.00

    0.75

    9.69



    246.87

    249.50

    2.63

    4.06


    Including

    246.87

    247.50

    0.63

    8.12


    And

    249.00

    249.50

    0.50

    5.76



    255.75

    257.10

    1.35

    6.35



    261.10

    261.60

    0.50

    21.90



    268.20

    268.90

    0.70

    73.70



    271.65

    272.20

    0.55

    6.96



    294.00

    294.75

    0.75

    9.49

    CM-18-179


    121.80

    122.30

    0.50

    10.50



    139.95

    141.55

    1.60

    5.25



    202.80

    204.00

    1.20

    35.44


    Including

    202.80

    203.50

    0.70

    44.40



    205.80

    206.30

    0.50

    4.30



    213.00

    214.50

    1.50

    5.86

    CM-18-180


    158.50

    159.00

    0.50

    5.07



    175.00

    175.50

    0.50

    13.40

    CM-18-181


    70.10

    70.60

    0.50

    7.72



    328.10

    328.60

    0.50

    5.37

    CM-18-182


    106.90

    108.00

    1.10

    7.48



    128.25

    130.50

    2.25

    5.25


    Including

    129.00

    129.85

    0.85

    10.85



    197.85

    201.80

    3.95

    7.63


    Including

    197.85

    198.50

    0.65

    18.80


    And

    200.20

    201.00

    0.80

    14.60



    292.95

    294.20

    1.25

    6.98


    Including

    292.95

    293.70

    0.75

    9.78

    CM-18-183


    223.70

    224.20

    0.50

    64.80



    261.55

    262.00

    0.45

    4.87



    283.60

    286.50

    2.90

    8.66


    Including

    283.60

    284.10

    0.50

    8.83


    And

    284.60

    285.45

    0.85

    18.65

    CM-18-184


    171.00

    172.10

    1.10

    5.93


    Including

    171.00

    171.50

    0.50

    10.50



    211.60

    212.10

    0.50

    7.80



    223.20

    223.70

    0.50

    7.73



    226.00

    226.50

    0.50

    41.40



    240.40

    242.10

    1.70

    11.42


    Including

    240.40

    241.00

    0.60

    9.05


    And

    241.60

    242.10

    0.50

    27.80

    CM-18-185

    No Significant Assays





    CM-18-186


    95.20

    96.60

    1.40

    19.92


    Including

    95.20

    96.00

    0.80

    25.30



    122.00

    122.50

    0.50

    4.56



    199.20

    201.50

    2.30

    7.86


    Including

    201.00

    201.50

    0.50

    21.70



    228.00

    228.50

    0.50

    12.95



    239.50

    240.00

    0.50

    4.73



    261.45

    265.10

    3.65

    10.39


    Including

    261.45

    262.10

    0.65

    20.80


    And

    262.10

    263.00

    0.90

    21.50


    And

    264.55

    265.10

    0.55

    7.78

    CM-18-187


    49.50

    50.50

    1.00

    21.60



    81.30

    81.80

    0.50

    12.90



    118.30

    118.80

    0.50

    41.50



    148.90

    149.60

    0.70

    5.81



    214.20

    217.30

    3.10

    11.09


    Including

    214.20

    214.70

    0.50

    9.13


    And

    214.70

    215.40

    0.70

    17.80


    And

    216.30

    217.30

    1.00

    15.75



    368.50

    369.50

    1.00

    5.21

    CM-18-188


    219.00

    219.50

    0.50

    12.85

    CM-18-189


    92.90

    93.60

    0.70

    5.42



    101.50

    104.90

    3.40

    6.29


    Including

    102.70

    103.25

    0.55

    34.00



    244.65

    245.20

    0.55

    20.30



    260.40

    261.00

    0.60

    5.41

    CM-18-190


    62.50

    64.00

    1.50

    4.42



    230.25

    230.75

    0.50

    7.66



    262.15

    263.00

    0.85

    3.76

    CM-18-191

    No Significant Assays





    CM-18-192


    10.75

    11.40

    0.65

    12.20



    69.00

    69.50

    0.50

    5.31



    78.50

    79.00

    0.50

    5.89



    101.50

    102.00

    0.50

    6.43



    172.00

    173.50

    1.50

    6.56



    183.60

    184.10

    0.50

    20.50



    198.20

    198.70

    0.50

    8.32



    235.20

    235.70

    0.50

    12.50

    CM-18-193


    60.00

    60.50

    0.50

    6.88

    CM-18-194


    209.85

    210.40

    0.55

    5.37

    CM-18-195


    67.70

    68.40

    0.70

    6.11



    129.80

    130.30

    0.50

    4.15



    212.15

    212.75

    0.60

    8.37



    224.35

    225.00

    0.65

    5.58



    229.75

    230.30

    0.55

    21.40

    CM-18-196


    30.00

    31.00

    1.00

    5.73



    79.10

    79.60

    0.50

    14.70



    135.70

    136.70

    1.00

    9.61


    Including

    135.70

    136.20

    0.50

    11.00



    183.00

    183.50

    0.50

    5.93

    CM-18-197


    12.45

    19.10

    6.65

    7.05


    Including

    12.45

    12.95

    0.50

    64.20


    And

    17.45

    18.45

    1.00

    7.78


    And

    18.45

    19.10

    0.65

    5.72



    44.05

    44.55

    0.50

    52.90



    61.00

    62.00

    1.00

    4.23



    93.00

    93.50

    0.50

    21.90



    117.50

    119.00

    1.50

    10.62


    Including

    117.50

    118.00

    0.50

    24.10


    And

    118.50

    119.00

    0.50

    7.73



    176.45

    176.95

    0.50

    5.45



    188.00

    188.60

    0.60

    28.80

    CM-18-198


    113.30

    114.25

    0.95

    45.50



    120.90

    123.00

    2.10

    4.30


    Including

    121.55

    122.05

    0.50

    8.95



    218.10

    218.65

    0.55

    11.00

    CM-18-199


    208.35

    209.30

    0.95

    45.00



    223.50

    224.50

    1.00

    12.20

    CM-18-200


    83.90

    84.75

    0.85

    11.35



    199.20

    200.00

    0.80

    4.35



    252.35

    253.65

    1.30

    9.61



    261.15

    261.95

    0.80

    7.78



    297.15

    297.65

    0.50

    5.40




    Table 2: Drillhole Collar Orientations:

    HOLE ID

    Azimuth

    Dip

    CM-18-151

    125

    -50

    CM-18-152

    137

    -54

    CM-18-153

    134

    -56

    CM-18-154

    129

    -60

    CM-18-155

    121

    -58

    CM-18-156

    286

    -66

    CM-18-157

    140

    -51

    CM-18-158

    129

    -48

    CM-18-160

    130

    -52

    CM-18-159

    118

    -54

    CM-18-161

    284

    -60

    CM-18-162

    325

    -45

    CM-18-163

    326

    -65

    CM-18-164

    138

    -47

    CM-18-165

    152

    -47

    CM-18-166

    131

    -49

    CM-18-167

    120

    -56

    CM-18-169

    137

    -51

    CM-18-170

    136

    -50

    CM-18-171

    123

    -53

    CM-18-173

    124

    -53

    CM-18-172

    139

    -52

    CM-18-174

    132

    -56

    CM-18-175

    132

    -55

    CM-18-176

    125

    -50

    CM-18-177

    130

    -58

    CM-18-178

    129

    -46

    CM-18-179

    144

    -53

    CM-18-168

    131

    -49

    CM-18-180

    117

    -45

    CM-18-181

    126

    -54

    CM-18-182

    140

    -57

    CM-18-185

    150

    -59

    CM-18-183

    120

    -51

    CM-18-184

    148

    -53

    CM-18-186

    152

    -65

    CM-18-187

    114

    -51

    CM-18-188

    123

    -54

    CM-18-189

    140

    -57

    CM-18-190

    137

    -52

    CM-18-191

    315

    -56

    CM-18-192

    296

    -47

    CM-18-195

    139

    -47

    CM-18-193

    115

    -59

    CM-18-194

    123

    -50

    CM-18-196

    294

    -56

    CM-18-197

    313

    -54

    CM-18-198

    136

    -45

    CM-18-199

    135

    -53

    CM-18-200

    139

    -52






    SOURCE Barkerville Gold Mines Ltd.



    View original content to download multimedia: newswire.ca


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    From: howestreetbull1/23/2019 8:58:52 AM
       of 127
     
    BGM.v $BGMZF Barkerville Gold Intersects 30.16 G/t Gold Over 2.80 Meters and 11.77 G/t Gold Over 5.00 Meters

    V.BGM | 47 minutes ago

    Canada NewsWire

    TORONTO, Jan. 23, 2019

    HIGH-GRADE INTERCEPTS INCLUDE 98.80 G/T GOLD OVER 0.80 METER 105 G/T GOLD OVER 0.50 METER

    TORONTO, Jan. 23, 2019 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce the final drilling results from the 2018 Cow Mountain exploration and category conversion program at the Company's flagship Cariboo Gold Project. A total of 63,970 meters were drilled in 231 holes on Cow Mountain during the 2018 drill program and demonstrated continuity of high-grade gold mineralization within vein corridors and extensions down dip and down plunge.

    Recent highlights from the Cow Mountain exploration and delineation program include 12.26 g/t Au over 7.60 meters in hole CM-18-206 including high-grade intercept of 97.8 g/t Au over 0.80 meter, located 15 meters up dip of hole CM-18-140 that intersected 37.87 g/t Au over 4.75 meters. The Company is currently working on an updated model to include the additional 231 holes.

    Selected Drilling Highlights:

    CM-18-201: 30.16 g/t Au over 2.8 metersCM-18-206: 12.26 g/t Au over 7.60 meters including 97.8 g/t Au over 0.80 metersCM-18-211: 105 g/t Au over 0.50 metersCM-18-220: 7.24 g/t Au over 5.50 metersCM-18-222: 11.77 g/t Au over 5.00 meters CM-18-222: 11.08 g/t Au over 6.00 metersCM-18-227: 46.49 g/t Au over 1.95 metersCM-18-231: 18.79 g/t Au over 3.95 metersTrue widths are estimated to be 50 to 75% of reported core length intervals. Intervals not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays.

    A drill hole location plan map and section are presented below. Detailed drilling results are presented at the end of this release. The Cow Mountain 3D deposit model with assay highlights is located on the Company's website:

    Barkerville Gold Mines Ltd. 3D Deposit Model

    The drill program at Cow Mountain was designed to infill and expand high-grade gold-mineralized vein corridors modelled in the May 2018 Cow Mountain resource estimate. Vein corridors are defined as a high-density network of mineralized quartz veins within the sandstones. Mineralized quartz veins on the Cariboo Gold Project are overall sub-vertical dip and northeast strike. These corridors have been defined from surface to a vertical depth of up to 300 meters and remain open for expansion at depth and down plunge. Gold grades are intimately associated with vein-hosted pyrite as well as pyritic, intensely silicified wall rock haloes in close proximity to the veins.

    Qualified Persons

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

    Quality Assurance – Quality Control

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

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

    About Barkerville Gold Mines Ltd.

    The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville's Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company's Brownfield's exploration team is focused on upgrading and expanding the May 2018 43-101 compliant resource within the 8 kilometers of principle project area located near the town of Wells, British Columbia. The Company's Greenfield's team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation's team is focused on completing required studies in order to pemit underground mining on Cow and Island Mountains.

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

    image: mma.prnewswire.com



    image: mma.prnewswire.com



    image: mma.prnewswire.com



    Table 1: Length Weighted Gold Composites from Cow Mountain







    HOLE ID


    FROM

    TO

    LENGTH
    (M)

    AU (G/T)

    CM-18-201


    15.55

    16.55

    1.00

    24.50



    46.65

    47.25

    0.60

    61.60



    56.75

    57.25

    0.50

    98.50



    117.50

    120.30

    2.80

    30.16


    Including

    117.50

    118.85

    1.35

    7.18


    And

    119.40

    120.30

    0.90

    83.00



    127.50

    128.15

    0.65

    5.56



    188.20

    188.75

    0.55

    34.30

    CM-18-202


    27.65

    28.15

    0.50

    11.75



    39.65

    43.45

    3.80

    7.42


    Including

    39.65

    40.15

    0.50

    12.25


    And

    40.15

    40.65

    0.50

    22.50


    And

    42.65

    43.45

    0.80

    8.91



    48.55

    49.05

    0.50

    44.90



    64.10

    69.00

    4.90

    5.80


    Including

    64.60

    65.15

    0.55

    15.55


    And

    65.15

    65.90

    0.75

    15.70



    79.25

    79.80

    0.55

    5.85



    187.50

    188.00

    0.50

    12.00

    CM-18-203


    109.50

    110.00

    0.50

    14.50



    161.80

    162.80

    1.00

    16.95



    212.70

    214.25

    1.55

    4.82


    Including

    212.70

    213.45

    0.75

    7.97

    CM-18-204


    42.00

    42.80

    0.80

    3.76

    CM-18-205


    203.00

    203.50

    0.50

    6.67



    225.50

    226.00

    0.50

    3.62

    CM-18-206


    69.95

    70.45

    0.50

    4.23



    77.50

    78.00

    0.50

    8.77



    214.00

    221.60

    7.60

    12.26


    Including

    214.00

    214.50

    0.50

    5.72


    And

    215.70

    216.55

    0.85

    5.44


    And

    217.80

    218.30

    0.50

    10.05


    And

    220.80

    221.60

    0.80

    97.80



    240.00

    240.50

    0.50

    4.07

    CM-18-207


    62.65

    63.25

    0.60

    11.50



    92.65

    94.30

    1.65

    24.11


    Including

    92.65

    93.25

    0.60

    58.30

    CM-18-208


    74.10

    75.70

    1.60

    4.47


    Including

    75.20

    75.70

    0.50

    11.10



    101.15

    101.75

    0.60

    5.68

    CM-18-209


    126.10

    127.00

    0.90

    9.35



    152.70

    154.00

    1.30

    3.78



    176.00

    176.70

    0.70

    14.05

    CM-18-210


    33.70

    34.75

    1.05

    3.62



    88.00

    90.35

    2.35

    7.68


    Including

    88.00

    88.50

    0.50

    16.50


    And

    89.65

    90.35

    0.70

    13.55



    112.25

    115.65

    3.40

    5.55


    Including

    112.25

    112.90

    0.65

    17.05

    CM-18-211


    47.25

    50.60

    3.35

    16.97


    Including

    47.25

    47.75

    0.50

    11.85


    And

    47.75

    48.35

    0.60

    67.30


    And

    50.10

    50.60

    0.50

    20.80



    56.30

    56.85

    0.55

    6.68



    59.70

    60.20

    0.50

    14.40



    69.20

    69.70

    0.50

    5.09



    119.80

    120.30

    0.50

    105.00



    139.40

    140.30

    0.90

    7.89



    146.05

    148.05

    2.00

    14.39


    Including

    146.90

    147.55

    0.65

    43.30



    165.20

    166.35

    1.15

    9.99



    276.40

    276.90

    0.50

    7.91

    CM-18-212


    51.80

    52.30

    0.50

    35.10

    CM-18-213


    121.00

    126.20

    5.20

    6.08


    Including

    124.25

    124.75

    0.50

    58.50



    134.70

    136.00

    1.30

    5.03

    CM-18-214


    82.25

    82.75

    0.50

    18.80



    211.80

    215.35

    3.55

    7.18


    Including

    211.80

    212.30

    0.50

    9.56


    And

    212.30

    213.00

    0.70

    14.40


    And

    213.00

    213.80

    0.80

    9.35

    CM-18-215


    17.30

    18.00

    0.70

    56.10



    91.05

    92.20

    1.15

    7.76



    94.20

    94.90

    0.70

    7.13



    109.85

    110.70

    0.85

    9.10

    CM-18-216


    22.80

    25.70

    2.90

    5.88


    Including

    22.80

    23.45

    0.65

    12.05


    And

    25.00

    25.70

    0.70

    12.80



    43.75

    46.95

    3.20

    5.36


    Including

    43.75

    44.25

    0.50

    16.50


    And

    46.00

    46.95

    0.95

    9.21



    64.30

    64.80

    0.50

    4.29



    71.30

    71.95

    0.65

    4.29



    76.90

    77.60

    0.70

    4.52



    90.60

    92.50

    1.90

    6.97


    Including

    90.60

    91.50

    0.90

    11.65



    109.50

    110.15

    0.65

    15.55



    114.95

    116.50

    1.55

    9.87


    Including

    114.95

    115.55

    0.60

    17.80


    And

    116.00

    116.50

    0.50

    7.82



    135.90

    136.50

    0.60

    8.48



    159.10

    159.70

    0.60

    5.00

    CM-18-217


    15.00

    16.10

    1.10

    9.99



    43.00

    44.50

    1.50

    20.70



    119.65

    120.15

    0.50

    4.03



    261.90

    262.45

    0.55

    7.53



    290.85

    291.40

    0.55

    12.95



    316.20

    316.85

    0.65

    8.74



    347.65

    349.35

    1.70

    8.45

    CM-18-218


    51.15

    51.85

    0.70

    8.48



    76.70

    78.30

    1.60

    5.04


    Including

    76.70

    77.20

    0.50

    11.75

    CM-18-219

    No Significant Assays




    CM-18-220


    17.50

    18.90

    1.40

    13.75



    82.70

    83.50

    0.80

    10.25



    87.00

    92.50

    5.50

    7.24


    Including

    87.00

    88.10

    1.10

    26.20


    And

    91.00

    92.50

    1.50

    5.28

    CM-18-221


    18.90

    19.70

    0.80

    4.60



    67.35

    68.60

    1.25

    11.55

    CM-18-222


    29.00

    34.00

    5.00

    11.77


    Including

    29.00

    30.00

    1.00

    50.20


    And

    33.50

    34.00

    0.50

    11.10



    90.40

    96.40

    6.00

    11.08


    Including

    90.40

    91.20

    0.80

    12.50


    And

    95.70

    96.40

    0.70

    77.30

    CM-18-223

    No Significant Assays




    CM-18-224


    22.40

    23.00

    0.60

    5.37



    76.50

    77.00

    0.50

    15.90



    83.70

    84.70

    1.00

    4.74



    87.40

    88.30

    0.90

    21.10

    CM-18-225

    No Significant Assays




    CM-18-226


    34.15

    35.15

    1.00

    29.10



    93.15

    94.10

    0.95

    10.65



    110.00

    111.10

    1.10

    4.58

    CM-18-227


    40.10

    42.05

    1.95

    46.49


    Including

    40.10

    40.90

    0.80

    65.60


    And

    41.40

    42.05

    0.65

    58.70

    CM-18-228


    78.20

    78.80

    0.60

    10.90



    143.80

    144.90

    1.10

    6.27



    147.50

    148.00

    0.50

    5.78



    208.50

    209.00

    0.50

    4.91

    CM-18-229


    126.00

    126.70

    0.70

    23.30



    136.80

    140.90

    4.10

    6.63


    Including

    139.40

    140.90

    1.50

    15.90



    147.00

    149.60

    2.60

    5.82


    Including

    148.15

    149.00

    0.85

    11.75



    154.50

    155.85

    1.35

    6.69

    CM-18-230


    104.95

    105.50

    0.55

    27.90



    150.90

    151.70

    0.80

    14.90



    212.65

    213.50

    0.85

    36.50



    221.30

    225.00

    3.70

    6.35


    Including

    221.30

    222.00

    0.70

    4.12


    And

    223.90

    225.00

    1.10

    18.40

    CM-18-231


    30.30

    31.00

    0.70

    6.66



    47.10

    49.50

    2.40

    13.80


    Including

    47.10

    47.60

    0.50

    22.90


    And

    49.00

    49.50

    0.50

    35.70



    61.75

    65.70

    3.95

    18.79


    Including

    64.90

    65.70

    0.80

    89.20



    84.25

    84.80

    0.55

    34.10



    169.50

    170.20

    0.70

    6.63



    277.00

    277.50

    0.50

    7.37



    Table 2: Drillhole Collar Orientations:

    HOLE ID

    AZIMUTH

    DIP

    CM-18-201

    309

    -49

    CM-18-202

    142

    -46

    CM-18-203

    141

    -65

    CM-18-204

    140

    -45

    CM-18-205

    310

    -45

    CM-18-206

    139

    -45

    CM-18-207

    140

    -60

    CM-18-208

    136

    -59

    CM-18-209

    310

    -60

    CM-18-210

    296

    -45

    CM-18-211

    142

    -53

    CM-18-212

    139

    -50

    CM-18-213

    131

    -56

    CM-18-214

    155

    -52

    CM-18-215

    289

    -58

    CM-18-216

    130

    -60

    CM-18-217

    136

    -50

    CM-18-218

    289

    -45

    CM-18-219

    116

    -45

    CM-18-220

    290

    -65

    CM-18-221

    304

    -44

    CM-18-222

    140

    -63

    CM-18-223

    113

    -54

    CM-18-224

    300

    -51

    CM-18-225

    140

    -49

    CM-18-226

    145

    -55

    CM-18-227

    139

    -54

    CM-18-228

    146

    -61

    CM-18-229

    120

    -52

    CM-18-230

    139

    -60

    CM-18-231

    150

    -50



    image: mma.prnewswire.com



    SOURCE Barkerville Gold Mines Ltd.

    image: rt.newswire.ca

    View original content to download multimedia: newswire.ca

    Tags:
    GOLD

    Share RecommendKeepReplyMark as Last ReadRead Replies (3)


    To: howestreetbull who wrote (119)2/2/2019 6:00:14 PM
    From: Supervalue
       of 127
     
    More and more gold ...... Catch is at tricky spots

    Share RecommendKeepReplyMark as Last Read


    To: howestreetbull who wrote (119)3/26/2019 8:22:24 AM
    From: howestreetbull
       of 127
     
    BGM.v $BGMZF BGM Expands Mineralization by 175 Meters at Island Mountain
    by @newswire on March 26, 2019
    NEW DRILLING INTERSECTS 19.34 G/T GOLD OVER 17.9 METERS



    TORONTO, March 26, 2019 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM. the "Company" or "BGM") is pleased to announce the new drilling results from the 2019 Island Mountain exploration and category conversion program at the Company's flagship Cariboo Gold Project in central British Columbia.

    In January 2019, BGM commenced diamond drilling with five diamond drill rigs on Island Mountain Shaft Zone and Mosquito Creek deposits to investigate down dip extensions on the mineralized vein corridors as well as shallow infill high-grade zones. New results include 19.34 g/t Au over 17.9 meters in IM-19-013, extending a mineralized vein corridor on Shaft Zone 70 meters down dip. The current mineralization on Mosquito Creek is modelled to a depth of 200 meters and recent high-grade intercepts include 10.65 g/t Au over 4.2 meters in IM-19-004 at a depth of 375 meters from surface. These results, as well as the highlights summarized below, demonstrate continuity of grade and widths within the modelled vein corridors, expansion of mineralization at depth and anomalous mineralization between the vein corridors.

    Select Drilling Highlights:

    IM-19-004 is located at Mosquito Creek and intersected 10.65 g/t Au over 4.2 meterswhich extended the mineralization at Mosquito Creek from 200 meters to 375 meters. This is one of the deepest holes at Mosquito Creek to date.

    IM-19-007 was designed to test for new vein corridors within the sandstone along strike of the Shaft Zone to the north west. IM-19-007 assayed 10.06 g/t Au over 13.15 meters and is 20 meters from surface.

    IM-19-010 intersected a mineralized zone of fine disseminated pyrite within silica sericite alteration adjacent to the Mosquito Fault and modelled vein corridors. IM-19-010 assayed 1.25 g/t Au over 33.25 meters. A sample within this zone assayed 9.57 g/t Au over 1.5 meters. This mineralization is hosted in calcareous sandstone between the vein corridors and is 120 meters down plunge of IM-18-102 that assayed 1.35 g/t Au over 32.8 meters (a sample in this zone assayed 20.1 g/t over 0.5 meter) and 60 meters down plunge of hole IM-18-155 that assayed 1.32 g/t over 45.2 meters (a sample within this zone assayed 8.89 g/t Au over 1.25 meters). Mineralization between vein corridors will significantly reduce mining dilution.

    IM-19-012 is located at Shaft Zone and intersected previously unmodelled quartz vein mineralization that assayed 7.02 g/t Au over 10.25 meters.

    IM-19-013 intersected three zones of mineralization. At 92 meters down hole, IM-19-013 intersected 26.24 g/t Au over 2.4 meters meters infilling a vein corridor. Further down hole, IM-19-013 intersected quartz veins with pyrite mineralization that assayed 19.34 g/t Au over 17.9 meters including a sample that assayed 151.5 g/t Au over 0.50 meterand extended a modelled vein corridor 70 meters down dip. At 442 meters down hole, 350 meters from surface, this hole intersected 15.78 g/t Au over 5.35 meters, approximately 160 meters down dip of the nearest modelled vein corridor. Visible gold was observed in this hole.

    True widths are estimated to be 50 to 75% of reported core length intervals. Intervals not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays.

    A complete table of assay highlights for IM-19-001 to IM-19-015 is present below. The Shaft Zone 3D deposit model with assay highlights is located on the Company's website:

    Barkerville Gold Mines Ltd. 3D Deposit Model

    Mineralized quartz veins on the Cariboo Gold Project are overall sub-vertical dip and northeast strike. Vein corridors are defined as a high-density network of mineralized quartz veins within the sandstones. These corridors have been defined from surface to a vertical depth averaging 300 meters and remain open for expansion at depth and down plunge. Gold grades are intimately associated with vein-hosted pyrite as well as pyritic, intensely silicified wall rock haloes in close proximity to the veins.

    Chris Lodder, President and CEO, comments, "again these drill results demonstrate the high probability to add significant resources below our present resources within the mineralized vein corridors on Island Mountain as well as connect the Shaft and Mosquito Creek zones".

    Qualified Persons

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

    Quality Assurance – Quality Control

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

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

    About Barkerville Gold Mines Ltd.

    The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville's Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company's Brownfield's exploration team is focused on upgrading and expanding the May 2018 43-101 compliant resource within the 8 kilometers of principle project area located near the town of Wells, British Columbia. The Company's Greenfield's team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation's team is focused on completing required studies in order to permit underground mining on Cow and Island Mountains.

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

    Table 1: Length Weighted Gold Composites

    HOLE ID


    DEPTH
    FROM (M)

    DEPTH TO
    (M)

    LENGTH
    (M)

    AU
    (G/T)



    PURPOSE

    TARGET

    IM-19-001


    71.00

    75.00

    4.00

    7.64

    Infill and
    Exploration

    Shaft Zone


    Including

    71.00

    71.60

    0.60

    40.20




    And

    74.30

    75.00

    0.70

    9.01





    99.30

    102.30

    3.00

    8.78




    Including

    100.70

    101.35

    0.65

    23.40





    127.00

    131.00

    4.00

    4.94




    Including

    127.00

    128.00

    1.00

    16.65





    179.10

    179.75

    0.65

    52.00





    189.20

    189.70

    0.50

    15.00





    230.10

    231.10

    1.00

    4.09



    IM-19-002


    243.30

    244.30

    1.00

    4.82

    Infill and
    Exploration

    Shaft Zone

    IM-19-003


    106.35

    112.65

    6.30

    3.16

    Infill

    Shaft Zone


    Including

    106.35

    106.85

    0.50

    11.55




    And

    111.90

    112.65

    0.75

    11.60



    IM-19-004


    32.65

    36.50

    3.85

    3.53

    Exploration

    Mosquito
    Creek



    57.00

    57.80

    0.80

    5.46





    60.00

    62.95

    2.95

    3.74




    Including

    62.00

    62.95

    0.95

    7.09





    186.00

    187.70

    1.70

    9.64




    Including

    186.00

    187.20

    1.20

    13.10





    398.40

    402.60

    4.20

    10.65




    Including

    402.10

    402.60

    0.50

    85.70



    IM-19-005


    160.65

    166.15

    5.50

    5.94

    Infill and
    Exploration

    Mosquito
    Creek


    Including

    160.65

    161.35

    0.70

    40.60



    IM-19-006


    295.10

    295.60

    0.50

    5.49

    Stratigraphic

    Willow

    IM-19-007


    26.75

    39.90

    13.15

    10.06

    Infill and
    Exploration

    Shaft Zone


    Including

    27.35

    27.90

    0.55

    15.15




    And

    36.00

    37.00

    1.00

    10.45




    And

    37.00

    37.90

    0.90

    76.40





    190.00

    192.00

    2.00

    12.42




    Including

    191.00

    192.00

    1.00

    22.00



    IM-19-008


    282.25

    283.00

    0.75

    48.80

    Exploration

    Mosquito
    Creek



    290.90

    291.40

    0.50

    15.55





    370.40

    371.30

    0.90

    7.16





    371.30

    372.00

    0.70

    6.81





    398.20

    399.00

    0.80

    14.65





    413.10

    413.70

    0.60

    7.93



    IM-19-009


    18.90

    20.40

    1.50

    13.15

    Infill

    Shaft Zone



    49.90

    51.50

    1.60

    6.06





    60.35

    61.40

    1.05

    16.40





    71.30

    72.00

    0.70

    4.20





    298.50

    299.70

    1.20

    5.12



    IM-19-010


    158.75

    192.00

    33.25

    1.25

    Exploration

    Mosquito
    Creek


    Including

    177.60

    179.10

    1.50

    9.57





    201.90

    202.40

    0.50

    4.88





    339.00

    339.60

    0.60

    66.00



    IM-19-011


    40.75

    41.25

    0.50

    4.96

    Exploration

    Shaft Zone



    228.10

    228.65

    0.55

    4.02



    IM-19-012


    136.00

    136.80

    0.80

    3.18

    Infill

    Shaft Zone



    147.20

    148.40

    1.20

    6.35





    150.50

    151.00

    0.50

    4.55





    153.90

    158.25

    4.35

    5.18




    Including

    153.90

    154.45

    0.55

    10.95




    And

    154.45

    155.00

    0.55

    22.00





    161.25

    171.50

    10.25

    7.02




    Including

    161.25

    162.00

    0.75

    7.96




    And

    162.00

    163.40

    1.40

    31.40




    And

    169.25

    170.60

    1.35

    11.45



    IM-19-013


    81.50

    82.00

    0.50

    19.20

    Infill and
    Exploration

    Shaft Zone



    85.50

    86.50

    1.00

    10.85





    92.00

    94.40

    2.40

    26.24




    Including

    92.00

    93.50

    1.50

    38.10





    111.50

    129.40

    17.90

    19.34




    Including

    111.50

    112.55

    1.05

    19.25




    And

    114.55

    115.05

    0.50

    151.50




    And

    115.05

    116.35

    1.30

    37.90




    And

    116.85

    118.35

    1.50

    32.80




    And

    118.35

    119.85

    1.50

    59.30




    And

    119.85

    121.20

    1.35

    9.19




    And

    121.20

    122.45

    1.25

    21.50




    And

    123.20

    123.70

    0.50

    10.25




    And

    127.90

    129.40

    1.50

    7.38





    146.90

    147.90

    1.00

    7.19





    151.90

    155.85

    3.95

    5.83




    Including

    151.90

    153.00

    1.10

    8.25




    And

    155.30

    155.85

    0.55

    23.10





    332.10

    335.40

    3.30

    5.16




    Including

    334.35

    334.90

    0.55

    28.60





    442.45

    447.80

    5.35

    15.78




    Including

    442.45

    443.00

    0.55

    15.70




    And

    445.35

    446.35

    1.00

    31.40




    And

    447.15

    447.80

    0.65

    59.60





    460.05

    460.55

    0.50

    3.68



    IM-19-014


    25.80

    26.40

    0.60

    20.30

    Infill

    Shaft Zone



    35.90

    36.85

    0.95

    8.49





    67.60

    70.50

    2.90

    6.65




    Including

    70.00

    70.50

    0.50

    29.50





    92.85

    93.40

    0.55

    8.51





    149.50

    150.00

    0.50

    13.45





    155.35

    156.50

    1.15

    6.42





    182.80

    183.85

    1.05

    28.09



    IM-19-015


    55.80

    56.30

    0.50

    16.55

    Infill

    Shaft Zone




    Table 2: Drillhole Collar Orientations:

    HOLE ID

    DIP

    AZIMUTH

    DEPTH
    (M)

    IM-19-001

    -53

    127

    888

    IM-19-002

    -55

    125

    864

    IM-19-003

    -47

    134

    204

    IM-19-004

    -47

    303

    426

    IM-19-005

    -45

    299

    417

    IM-19-006

    -46

    232

    807

    IM-19-007

    -44

    123

    351

    IM-19-008

    -46

    308

    639

    IM-19-009

    -45

    133

    312

    IM-19-010

    -43

    312

    622

    IM-19-011

    -53

    134

    327

    IM-19-012

    -53

    138

    177

    IM-19-013

    -46

    129

    651

    IM-19-014

    -54

    134

    300

    IM-19-015

    -58

    137

    213




    SOURCE Barkerville Gold Mines Ltd.



    View original content to download multimedia: newswire.ca

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    To: howestreetbull who wrote (119)3/26/2019 8:29:02 AM
    From: howestreetbull
       of 127
     

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    To: howestreetbull who wrote (121)3/27/2019 10:49:39 AM
    From: howestreetbull
       of 127
     
    BGM.v $BGMZF Barkerville Announces C$20 Million "Bought Deal" Private Placement of Common Shares
    by @nasdaq on 27 Mar 2019, 04:54
    NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

    TORONTO, March 27, 2019 (GLOBE NEWSWIRE) -- Barkerville Gold Mines Ltd. ("Barkerville" or the "Corporation") (TSX-V:BGM) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Haywood Securities Inc. (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" private placement basis, 55,556,000 common shares of the Corporation (the "Common Shares") at a price of C$0.36 per Common Share, for total gross proceeds of C$20,000,160 (the "Offering").

    The Corporation has granted the Underwriters an option to purchase up to an additional 15% of the Offering in Common Shares (the "Underwriters' Option”), exercisable in whole or in part at any time up to 48 hours prior to the closing date.

    The net proceeds from the sale of the Common Shares will be used for exploration and development of the Cariboo Gold Project, including permitting and underground development, as well as for working capital and general corporate purposes.

    The closing of the Offering is expected to occur on or about April 23, 2019 and is subject to the completion of formal documentation and receipt of regulatory approvals, including the approval of the TSX Venture Exchange. The Common Shares issued in connection with the Offering will be subject to a statutory four month hold period in accordance with applicable securities legislation. In consideration for their services, the Corporation has agreed to pay the Underwriters a cash commission equal to 5.0% of the gross proceeds from the Offering, excluding gross proceeds received from the sale of Common Shares to Osisko Gold Royalties Ltd and Osisko Mining Inc.

    About Barkerville

    The Corporation is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville's Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Corporation has unlocked the fundamental structural controls of gold mineralization. The Corporation's Brownfield's exploration team is focused on upgrading and expanding the May 2018 43-101 compliant resource within the 8 kilometers of principle project area located near the town of Wells, British Columbia. The Corporation's Greenfield's team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation's team is focused on completing required studies in order to permit underground mining on Cow and Island Mountains. For more information on Barkerville Gold Mines Ltd., please contact:

    Chris Lodder
    President and Chief Executive Officer
    155 University Avenue, Suite 1410
    Toronto, Ontario, Canada
    clodder@barkervillegold.com
    416-775-3671

    Cautionary Statement on Forward-Looking Information

    This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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

    BGM.jpg

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    From: howestreetbull5/2/2019 9:37:04 AM
       of 127
     
    BGM Intersects 10.76 g/t Gold Over 20.0 Meters in Deep Exploration on Island Mountain

    V.BGM | 2 hours ago

    Canada NewsWire

    TORONTO, May 2, 2019

    TORONTO, May 2, 2019 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM. the "Company" or "BGM") is pleased to announce the new drilling results from the 2019 Island Mountain exploration and category conversion program at the Company's flagship Cariboo Gold Project in central British Columbia.

    image: mma.prnewswire.com



    New results from eight recent holes on Island Mountain include 10.76 g/t Au over 20.0 meters including a sample of 157.50 g/t Au over 1.25 meters in IM-19-019, extending a mineralized vein corridor on Shaft Zone 60 meters down dip to a vertical depth of 450 meters. Infill hole IM-19-020 intersected 162.5 g/t Au over 0.50 meter outside of an existing vein corridor. IM-19-023 intersected five new previously unmodelled zones including 21.97 g/t Au over 4.05 meters. These results, as well as the highlights summarized below, demonstrate continuity of grade and widths within the modelled vein corridors, expansion of mineralization at depth and anomalous mineralization between the vein corridors.

    Select Drilling Highlights:

    IM-19-019 is located at Shaft Zone on Island Mountain and was designed to investigate down dip extensions on the mineralized vein corridors as well as shallow infill high-grade zones. IM-19-019 was successful at intersecting multiple high-grade intercepts of gold mineralization including 27.60 g/t Au over 1.40 meters within a modelled vein corridor and further down hole, at a vertical depth of 450 meters, IM-19-019 intersected 10.76 g/t Au over 20.0 meters vein corridor within sericite altered siltstone-sandstone and includes a sample that assayed 157.50 g/t over 1.25 meters. Mineralization continued to depth of 543 meters down hole, with a sample grading 11.85 g/t Au over 0.50 meter.

    IM-19-020 was designed to infill shallow, high-grade vein corridors on Shaft Zone and intersected a quartz vein hosting up to 80% pyrite vein outside a previously modelled vein corridor that assayed 162.50 g/t over 0.50 meter at a vertical depth of 115 meters.

    IM-19-023 is a 684-meter-deep hole and intersected five main zones of mineralization. At 194.5 meters down hole, IM-19-023 intersected previously unmodelled quartz veins that assayed 21.97 g/t Au over 4.05 meters including a sample of 87.60 g/t over 0.75 meters. At depth, a zone of strong silica alteration within sandstone and calcareous sandstone is present from 438 meters to 493 meters and exhibits multiple vein corridors with disseminated pyrite and cosalite not previously modelled and extend veins at depth. At 434.70 meters down hole, a mineralized zone assayed 6.78 g/t Au over 3.30 meters and 65 meters down dip of a modelled vein corridor. At 450.25 meters, 10.57 g/t Au over 5.60 meters, at 471 meters depth, 4.33 g/t Au over 3.70 metersincluding 12.95 g/t Au over 1.00 meter, at 485.35 meters depth 10.12 g/t Au over 7.95 meters.

    True widths are estimated to be 50 to 75% of reported core length intervals. Intervals not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays.

    A complete table of assay highlights for IM-19-016 to IM-19-023 is present below. The Shaft Zone 3D deposit model with assay highlights is located on the Company's website:

    Barkerville Gold Mines Ltd. 3D Deposit Model

    Mineralized quartz veins on the Cariboo Gold Project are overall sub-vertical dip and northeast strike. Vein corridors are defined as a high-density network of mineralized quartz veins within the sandstones. These corridors have been defined from surface to a vertical depth averaging 300 meters and remain open for expansion at depth and down plunge. Gold grades are intimately associated with vein-hosted pyrite as well as pyritic, intensely silicified wall rock haloes in close proximity to the veins.

    Qualified Persons

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

    Quality Assurance – Quality Control

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

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

    About Barkerville Gold Mines Ltd.

    The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville's Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company's Brownfield's exploration team is focused on upgrading and expanding the May 2018 43-101 compliant resource within the 8 kilometers of principle project area located near the town of Wells, British Columbia. The Company's Greenfield's team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration. The operation's team is focused on completing required studies in order to pemit underground mining on Cow and Island Mountains.

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

    Table 1: Length Weighted Gold Composites

    HOLE ID


    DEPTH
    FROM (M)


    DEPTH TO
    (M)


    LENGTH
    (M)


    AU (G/T)

    PURPOSE

    TARGET

    IM-19-016


    162.00

    162.50

    0.50

    6.84

    Exploration

    Mosquito



    171.70

    176.10

    4.40

    3.96




    Including

    172.50

    173.00

    0.50

    17.30





    201.75

    202.25

    0.50

    8.11





    260.10

    260.60

    0.50

    10.75





    518.50

    519.00

    0.50

    3.55



    IM-19-017

    No Significant Assays




    Stratigraphic

    Willow

    IM-19-018


    417.50

    418.00

    0.50

    6.62

    Exploration and Infill

    Mosquito



    456.00

    456.50

    0.50

    5.81





    458.35

    458.85

    0.50

    6.23





    487.75

    491.20

    3.45

    7.64




    Including

    487.75

    488.45

    0.70

    18.90




    And

    489.30

    490.10

    0.80

    12.90



    IM-19-019


    67.00

    68.00

    1.00

    4.24

    Exploration and Infill

    Shaft Zone



    114.60

    116.10

    1.50

    7.28





    163.80

    165.20

    1.40

    27.60




    Including

    163.80

    164.70

    0.90

    40.30





    261.80

    262.35

    0.55

    6.52





    402.20

    404.50

    2.30

    5.13





    407.22

    409.70

    2.48

    4.84





    438.80

    441.50

    2.70

    6.40





    440.60

    441.50

    0.90

    17.30





    488.00

    489.10

    1.10

    6.05





    488.00

    508.00

    20.00

    10.76




    Including

    488.00

    489.10

    1.10

    6.05




    And

    504.50

    505.75

    1.25

    157.50




    And

    505.75

    506.60

    0.85

    5.20





    543.00

    543.50

    0.50

    11.85



    IM-19-020


    78.00

    78.90

    0.90

    7.29

    Infill

    Shaft Zone



    143.00

    143.50

    0.50

    162.50



    IM-19-021

    Hole Abandoned




    Infill

    Shaft Zone

    IM-19-022


    168.20

    169.20

    1.00

    5.36

    Infill

    Shaft Zone



    301.40

    304.00

    2.60

    10.77




    Including

    302.65

    303.45

    0.80

    29.70




    And

    303.45

    304.00

    0.55

    6.54



    IM-19-023


    135.75

    136.80

    1.05

    11.95

    Exploration and Infill

    Shaft Zone



    194.50

    198.55

    4.05

    21.97




    Including

    194.50

    195.25

    0.75

    87.60




    And

    196.50

    197.00

    0.50

    19.30




    And

    197.75

    198.55

    0.80

    16.85





    276.00

    281.70

    5.70

    1.45




    Including

    276.00

    276.50

    0.50

    4.54





    409.70

    411.00

    1.30

    17.90





    434.70

    438.00

    3.30

    6.78




    Including

    434.70

    435.80

    1.10

    15.10





    450.25

    455.85

    5.60

    10.57




    Including

    453.00

    454.45

    1.45

    22.50




    And

    454.45

    455.85

    1.40

    12.45





    471.00

    474.70

    3.70