| To: howestreetbull who wrote (84) | 5/18/2017 9:36:58 AM | | From: howestreetbull | | | | by @marketwired on May 18, 2017
Barkerville Completes $44 Million Financing of Units
TORONTO, ONTARIO--(Marketwired - May 18, 2017) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Barkerville Gold Mines Ltd. (TSX VENTURE:BGM) ("Barkerville" or the "Corporation") is pleased to announce, further to its announcements on April 27, 2017, that the Corporation has completed brokered and non-brokered private placement financings of an aggregate of 46,519,490 units of the Corporation ("Units") at a price of $0.95 per Unit for aggregate gross proceeds of $44,193,516 (the "Offering"). Each Unit is comprised of one common share of the Corporation (each, a "Unit Share") and one-half of one common share purchase warrant of the Corporation (each whole warrant, a "Unit Warrant"). Each Unit Warrant will entitle the holder thereof to purchase one common share of the Corporation (each, a "Warrant Share") at a price of $1.30 per Warrant Share, for a period of 18 months following the closing date of the Offering.
Brokered Private Placement
Under the brokered private placement, the Corporation issued an aggregate of 28,451,000 Units (including upon the exercise in full by the Underwriters (as defined herein) of the over-allotment option) at a price of $0.95 per Unit for aggregate gross proceeds of $27,028,450.
The brokered private placement was led by Haywood Securities Inc. with a syndicate of underwriters that included Canaccord Genuity Corp. and Cormark Securities Inc. (collectively, the "Underwriters"). In consideration for their services, the Underwriters received a cash commission equal to 6.0% of the gross proceeds of the brokered private placement.
Non-Brokered Private Placement
Under the non-brokered private placement, the Corporation issued an aggregate of 18,068,490 Units at a price of $0.95 per Unit for aggregate gross proceeds of $17,165,165.50. The following "insiders" of the Corporation have subscribed for Units under the brokered and non-brokered private placements:
| Insider | Insider Relationship | Units
Purchased
(#) | Subscription
Amount
($) | | Osisko Gold Royalties Ltd | 10% Securityholder | 11,333,054 | $10,766,401.30 | | Osisko Mining Inc. | 10% Securityholder | 5,324,908 | $5,058,662.60 | | Sean Roosen | Director of Barkerville;
Director or Senior Officer of 10% Securityholder | 500,000 | $475,000.00 | | Bryan Coates | Senior Officer of 10% Securityholder | 52,632 | $50,000.40 | | Jose Vizquerra | Director and Senior Officer of 10% Securityholder | 73,685 | $70,000.75 | | Andres Tinajero(1) | Senior Officer of Barkerville | 100,000 | $95,000.00 | | Morris Prychidny | Director of Barkerville | 200,000 | $190,000 | | Jacques Perron | Director of 10% Securityholder | 15,789 | $14,999.55 | | Gernot Wober | Senior Officer of 10% Securityholder | 35,000 | $33,250.00 | | John Kutkevicius | Director of Barkerville | 100,000 | $95,000.00 | | Totals | 17,635,068 | $16,753,314.60 |
| Note: | | (1) Mr. Tinajero, Chief Financial Officer of Barkerville, acquired the Units indirectly through 2222263 Ontario Inc. |
Each subscription by an "insider" 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 net proceeds of the Offering are expected to be used by the Corporation to fund exploration and development of the Barkerville's properties in British Columbia and for working capital and general corporate purposes.
All securities issued under the Offering will be subject to a hold period expiring four months and one day from the date hereof. 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.
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; 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; 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.
Barkerville Gold Mines Ltd.
Chris Lodder
President and Chief Executive Officer
155 University Avenue, Suite 1400
Toronto, Ontario, Canada
clodder@barkervillegold.com
|
| | BGM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| To: howestreetbull who wrote (85) | 5/26/2017 8:56:40 AM | | From: howestreetbull | | | | BGM Intersects 24.13 g/t Au Over 12.70 Metres at Mosquito Creek
by @newswire on May 25, 2017
Mosquito Creek Also Yields 49.79 g/t Au over 8.05 metres
TORONTO, May 25, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling results from the ongoing 130,000 metre Phase II Island Mountain exploration drilling program at the Company's flagship Cariboo Gold Project. The Company is currently exploring and delineating the Valley Zone with four drill rigs. Detailed drilling results, a drill hole location plan map, vertical section and longitudinal section are presented at the end of this release.
Replacement Mineralization Intersected Northwest of Mosquito Creek
Located 160 metres down plunge of the former Mosquito Creek Mine at a vertical depth of 100 metres below surface, drillhole IM-17-100 intersected replacement mineralization grading 24.13 g/t Au over 12.70 metres. This new faulted occurrence correlates 35 metres up plunge to previously reported Phase I drillhole BGM-16-553 which intersected 56.31 g/t Au over 4.10 metres.
New Veining Intersected Northwest of Mosquito Creek
Drillhole IM-17-107 intersected new auriferous quartz veining grading 49.79 g/t Au over 8.05 metres fifty metres vertically below surface. In this sparsely drilled area, the veining intersection is open for expansion in all directions.
The geometry and hence true width of the potential mineralized zones cannot be assuredly concluded at this time.
The Company's Exploration Manager, Maggie Layman, P.Geo., commented, "The results from the Island Mountain drilling continue to demonstrate continuity, tenor and size potential of both replacement and vein style mineralization at shallow depths. The Phase II exploration program on Island Mountain continues to reveal exceptionally high grade intercepts in new zones".
About the Phase II Program
The 130,000 metre 2017 Phase II exploratory and delineation drill program on Island Mountain is intended to determine the extent of the vein systems that were historically never explored, and is aimed at discovering new vein systems and sulphide replacement bodies that will ultimately inform a maiden resource at Island Mountain. Four drill rigs are currently delineating additional mineralization below the former Aurum and Cariboo Gold Quartz Mines which have never been explored since mining operations ceased circa 1960.
Qualified Persons
Exploration activities at the Cariboo Gold Project are administered on site by the Company's Exploration Manager, Maggie Layman, P.Geo. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, 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, Paul Geddes, 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 land package located in the historical Cariboo Mining District of central British Columbia. Barkerville's mineral tenures cover 2,110 square kilometres along a strike length of 67 kilometres which includes several past producing hard rock mines of the historic Barkerville Gold Mining Camp near the town of Wells, British Columbia. The QR Project, located approximately 110 kilometres by highway and all weather road from Wells was acquired by Barkerville in 2010 and boasts a fully permitted 900 tonne/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of 2015 with 91,489 tonnes of material milled producing 25,464 ounces of gold. The Company has completed several drilling and exploration programs over the past 20 years and has compiled this data with all historical information in order develop geologic models which are assisting management in defining new deposits in the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high grade gold mineralization.
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 for Island Mountain Phase II drillholes:
HOLE-ID
| FROM (M)
| TO (M)
| CORE LENGTH (M)
| AU (G/T)
| AREA
| IM-17-100
| 55.20
| 56.20
| 1.00
| 5.13
| MC
| IM-17-100
| 57.15
| 58.10
| 0.95
| 9.86
| MC
| IM-17-100
| 61.50
| 62.40
| 0.90
| 5.89
| MC
| IM-17-100
| 65.95
| 66.50
| 0.55
| 10.85
| MC
| IM-17-100
| 70.00
| 70.50
| 0.50
| 17.05
| MC
| IM-17-100
| 81.40
| 82.80
| 1.40
| 10.78
| MC
| INCLUDING
| 82.10
| 82.80
| 0.70
| 18.15
| MC
| IM-17-100
| 142.00
| 154.70
| 12.70
| 24.13
| MC
| INCLUDING
| 143.90
| 144.50
| 0.60
| 8.97
| MC
| AND
| 144.50
| 145.00
| 0.50
| 39.80
| MC
| AND
| 145.00
| 145.60
| 0.60
| 38.60
| MC
| AND
| 148.45
| 149.00
| 0.55
| 46.50
| MC
| AND
| 149.00
| 149.50
| 0.50
| 122.00
| MC
| AND
| 149.50
| 150.00
| 0.50
| 122.00
| MC
| AND
| 150.00
| 150.50
| 0.50
| 71.80
| MC
| AND
| 150.50
| 151.00
| 0.50
| 85.40
| MC
| AND
| 151.00
| 151.60
| 0.60
| 47.20
| MC
| IM-17-102
| 65.70
| 66.20
| 0.50
| 6.82
| SHAFT
| IM-17-103
|
|
|
|
| NOT YET DRILLED
| IM-17-104
|
|
|
|
| NOT YET DRILLED
| IM-17-105
| 42.50
| 44.00
| 1.50
| 2.90
| MC
| IM-17-106
|
|
|
|
| NOT YET DRILLED
| IM-17-107
| 55.15
| 63.20
| 8.05
| 49.79
| MC
| INCLUDING
| 56.30
| 56.90
| 0.60
| 6.91
| MC
| AND
| 56.90
| 57.50
| 0.60
| 12.10
| MC
| AND
| 57.50
| 58.00
| 0.50
| 289.00
| MC
| AND
| 58.00
| 58.80
| 0.80
| 283.00
| MC
| AND
| 58.80
| 59.75
| 0.95
| 14.15
| MC
|
True widths cannot be accurately determined from the information available therefore core lengths are reported. Rock not recovered by drilling was assigned zero grade. Top cuts have not been applied to high grade assays. MC = Mosquito Creek, SHAFT = Shaft Zone.
Table 2: Drillhole Collar Orientations:
HOLE-ID
| AZIMUTH
| DIP
| IM-17-100
| 133.20
| -43.10
| IM-17-102
| 138.00
| -63.00
| IM-17-105
| 144.40
| -65.10
| IM-17-107
| 126.70
| -64.80
|
SOURCE Barkerville Gold Mines Ltd.
View original content with multimedia: newswire.ca
|
| | BGM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| To: howestreetbull who wrote (86) | 6/6/2017 8:51:12 AM | | From: howestreetbull | | | | by @newswire on June 6, 2017
BGM Intersects 12.43 G/t Au Over 7.20 Metres at Valley Zone
New Veining Corridor Discovered at Depth
TORONTO, June 6, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling results from the ongoing 130,000 metre Phase II Island Mountain exploration drilling program at the Company's flagship Cariboo Gold Project. The Company is currently exploring and delineating the Valley Zone with four drill rigs. Detailed drilling results, a drill hole location plan map, vertical section and longitudinal section are presented at the end of this release.
Drilling Highlights:
CM-17-015: 25.21 g/t Au over 2.00 metresCM-17-015: 33.40 g/t Au over 1.50 metresCM-17-018: 12.58 g/t Au over 5.50 metresCM-17-023: 10.94 g/t Au over 7.85 metresCM-17-023: 12.43 g/t Au over 7.20 metresCM-17-023: 5.22 g/t Au over 19.55 metresCM-17-024: 7.20 g/t Au over 9.05 metres
* The geometry and hence true width of the mineralized zones cannot be assuredly concluded at this time and as such, core lengths are reported.
New Mineralized Corridors Discovered at Depth in Valley Zone
Deeper drilling at the Valley Zone, which has not been explored circa 1960 has again yielded new, previously unidentified veining corridors. Drillhole CM-17-023 intersected three separate veining occurrences grading 10.94 g/t Au over 7.85 metres, 12.43 g/t Au over 7.20 metres and 5.22 g/t Au over 19.55 metres at respective depths of 270 metres, 310 metres and 375 metres vertically below surface. On the same vertical section and located 50 metres above CM-17-023, drillhole CM-17-018 intersected 5.46 g/t Au over 5.20 metres, 12.58 g/t Au over 5.50 metres and 11.57 g/t Au over 2.00 metres and indicates a positive correlation with respect to continuity. CM-17-018 also intersected 13.92 g/t Au over 2.00 metres followed by 8.16 g/t Au over 4.00 metres in another new separate corridor 55 metres northwest of the former. These new corridors are open for expansion in all directions.
"The drill results in the Valley Zone continue to reaffirm our geological understanding of the Caribou Gold Project", commented Matt Filgate, Senior Project Geologist. "We are beginning to see continuity between the Island Mountain and Cow Mountain areas through both shallow and deep drill intercepts, which is allowing us to better target areas of potential mineralization."
About the Phase II Program
The 130,000 metre 2017 Phase II exploratory and delineation drill program on Island Mountain is intended to determine the extent of the vein systems that were historically never explored, and is aimed at discovering new vein systems and sulphide replacement bodies that will ultimately inform a maiden resource at Island Mountain. Four drill rigs are currently delineating additional mineralization below the former Aurum and Cariboo Gold Quartz Mines which have never been explored since mining operations ceased circa 1960.
Qualified Persons
Exploration activities at the Cariboo Gold Project are administered on site by the Company's Exploration Manager, Maggie Layman, P.Geo. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, 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, Paul Geddes, 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 land package located in the historical Cariboo Mining District of central British Columbia. Barkerville's mineral tenures cover 2,110 square kilometres along a strike length of 67 kilometres which includes several past producing hard rock mines of the historic Barkerville Gold Mining Camp near the town of Wells, British Columbia. The QR Project, located approximately 110 kilometres by highway and all weather road from Wells was acquired by Barkerville in 2010 and boasts a fully permitted 900 tonne/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of 2015 with 91,489 tonnes of material milled producing 25,464 ounces of gold. The Company has completed several drilling and exploration programs over the past 20 years and has compiled this data with all historical information in order develop geologic models which are assisting management in defining new deposits in the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high grade gold mineralization.
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 for Valley Zone drillholes:
HOLE-ID
| FROM (M)
| TO (M)
| CORE LENGTH (M)
| AU (G/T)
| AREA
| CM-17-015
| 84.00
| 86.00
| 2.00
| 25.21
| VALLEY
| INCLUDING
| 84.50
| 86.00
| 1.50
| 33.40
| VALLEY
| CM-17-015
| 245.60
| 246.15
| 0.55
| 19.10
| VALLEY
| CM-17-015
| 279.70
| 280.60
| 0.90
| 10.15
| VALLEY
| CM-17-016
|
|
|
| ABANDONED
| VALLEY
| CM-17-017
| 85.65
| 86.15
| 0.50
| 16.50
| VALLEY
| CM-17-018
| 313.00
| 313.50
| 0.50
| 7.24
| VALLEY
| CM-17-018
| 327.00
| 328.00
| 1.00
| 59.20
| VALLEY
| CM-17-018
| 460.30
| 460.90
| 0.60
| 12.60
| VALLEY
| CM-17-018
| 467.30
| 472.50
| 5.20
| 5.46
| VALLEY
| INCLUDING
| 467.30
| 467.80
| 0.50
| 7.88
| VALLEY
| AND
| 470.90
| 471.70
| 0.80
| 7.53
| VALLEY
| AND
| 471.70
| 472.50
| 0.80
| 21.60
| VALLEY
| CM-17-018
| 480.00
| 485.50
| 5.50
| 12.58
| VALLEY
| INCLUDING
| 480.00
| 480.50
| 0.50
| 21.50
| VALLEY
| AND
| 480.50
| 481.00
| 0.50
| 18.25
| VALLEY
| AND
| 481.00
| 481.60
| 0.60
| 60.30
| VALLEY
| AND
| 484.50
| 485.00
| 0.50
| 17.15
| VALLEY
| CM-17-018
| 491.00
| 493.00
| 2.00
| 11.57
| VALLEY
| INCLUDING
| 491.00
| 492.00
| 1.00
| 6.53
| VALLEY
| AND
| 492.00
| 493.00
| 1.00
| 16.60
| VALLEY
| CM-17-018
| 509.40
| 510.00
| 0.60
| 10.10
| VALLEY
| CM-17-018
| 543.00
| 545.00
| 2.00
| 13.92
| VALLEY
| CM-17-018
| 559.00
| 563.00
| 4.00
| 8.16
| VALLEY
| INCLUDING
| 559.00
| 559.50
| 0.50
| 18.20
| VALLEY
| AND
| 560.00
| 560.50
| 0.50
| 29.70
| VALLEY
| AND
| 562.50
| 563.00
| 0.50
| 8.02
| VALLEY
| CM-17-019
|
|
|
| ABANDONED
|
| CM-17-020
|
|
|
| ABANDONED
|
| CM-17-021
|
|
|
| ASSAYS PENDING
| VALLEY
| CM-17-022
| 38.00
| 38.50
| 0.50
| 23.60
| VALLEY
| CM-17-023
| 125.85
| 126.35
| 0.50
| 68.50
| VALLEY
| CM-17-023
| 322.80
| 324.00
| 1.20
| 11.70
| VALLEY
| CM-17-023
| 369.05
| 376.90
| 7.85
| 10.94
| VALLEY
| INCLUDING
| 373.70
| 374.45
| 0.75
| 9.34
| VALLEY
| AND
| 374.95
| 375.65
| 0.70
| 77.60
| VALLEY
| AND
| 376.40
| 376.90
| 0.50
| 37.80
| VALLEY
| CM-17-023
| 417.80
| 425.00
| 7.20
| 12.43
| VALLEY
| INCLUDING
| 422.50
| 423.15
| 0.65
| 7.68
| VALLEY
| AND
| 423.15
| 423.65
| 0.50
| 158.00
| VALLEY
| CM-17-023
| 443.80
| 444.30
| 0.50
| 11.75
| VALLEY
| CM-17-023
| 483.90
| 484.50
| 0.60
| 15.35
| VALLEY
| CM-17-023
| 485.50
| 486.00
| 0.50
| 21.80
| VALLEY
| CM-17-023
| 493.50
| 494.00
| 0.50
| 12.65
| VALLEY
| CM-17-023
| 499.20
| 518.75
| 19.55
| 5.22
| VALLEY
| INCLUDING
| 499.20
| 499.70
| 0.50
| 28.80
| VALLEY
| AND
| 501.55
| 502.15
| 0.60
| 61.70
| VALLEY
| AND
| 509.30
| 510.15
| 0.85
| 14.80
| VALLEY
| AND
| 513.30
| 513.95
| 0.65
| 29.30
| VALLEY
| AND
| 518.25
| 518.75
| 0.50
| 17.90
| VALLEY
| CM-17-024
| 117.30
| 118.00
| 0.70
| 7.18
| VALLEY
| CM-17-024
| 167.75
| 176.80
| 9.05
| 7.20
| VALLEY
| INCLUDING
| 170.85
| 171.35
| 0.50
| 101.00
| VALLEY
| AND
| 173.00
| 173.80
| 0.80
| 8.66
| VALLEY
| CM-17-024
| 324.80
| 325.30
| 0.50
| 8.77
| VALLEY
| CM-17-024
| 571.00
| 571.65
| 0.65
| 32.30
| VALLEY
| CM-17-025
|
|
|
| ASSAYS PENDING
| VALLEY
| CM-17-026
| 212.50
| 213.00
| 0.50
| 7.41
| VALLEY
| CM-17-026
| 252.85
| 253.60
| 0.75
| 21.70
| VALLEY
| CM-17-026
| 275.20
| 276.10
| 0.90
| 7.08
| VALLEY
| CM-17-026
| 324.70
| 325.50
| 0.80
| 17.00
| VALLEY
| CM-17-026
| 344.25
| 350.00
| 5.75
| 8.36
| VALLEY
| INCLUDING
| 344.25
| 345.00
| 0.75
| 19.50
| VALLEY
| AND
| 345.00
| 345.60
| 0.60
| 25.80
| VALLEY
| AND
| 345.60
| 346.20
| 0.60
| 9.50
| VALLEY
| AND
| 349.35
| 350.00
| 0.65
| 13.50
| VALLEY
| CM-17-026
| 354.55
| 355.40
| 0.85
| 7.86
| VALLEY
| CM-17-026
| 380.15
| 380.95
| 0.80
| 13.30
| VALLEY
| CM-17-026
| 509.00
| 510.30
| 1.30
| 11.50
| VALLEY
| CM-17-028
| 162.55
| 164.70
| 2.15
| 17.61
| VALLEY
| INCLUDING
| 163.55
| 164.20
| 0.65
| 16.05
| VALLEY
| AND
| 164.20
| 164.70
| 0.50
| 13.80
| VALLEY
| CM-17-028-1
| 178.90
| 179.50
| 0.60
| 5.94
| VALLEY
| CM-17-028-1
| 197.25
| 198.15
| 0.90
| 5.44
| VALLEY
| CM-17-028-2
| 255.80
| 256.45
| 0.65
| 20.90
| VALLEY
| CM-17-028-2
| 260.70
| 261.20
| 0.50
| 48.80
| VALLEY
| CM-17-028-2
| 261.85
| 263.00
| 1.15
| 21.40
| VALLEY
| CM-17-028-2
| 271.30
| 271.80
| 0.50
| 16.80
| VALLEY
| CM-17-028-2
| 271.80
| 272.30
| 0.50
| 19.40
| VALLEY
| CM-17-028-2
| 274.35
| 275.05
| 0.70
| 7.55
| VALLEY
|
| * True widths cannot be accurately determined from the information available therefore core lengths are reported. Rock not recovered by drilling was assigned zero grade. Top cuts have not been applied to high grade assays. MC = Mosquito Creek, SHAFT = Shaft Zone, VALLEY = Valley Zone.
|
Table 2: Drillhole Collar Orientations:
HOLE-ID
| AZIMUTH
| DIP
| CM-17-015
| 311.20
| -61.10
| CM-17-017
| 309.20
| -41.10
| CM-17-018
| 307.50
| -42.70
| CM-17-022
| 312.00
| -57.90
| CM-17-023
| 306.50
| -45.20
| CM-17-024
| 308.40
| -44.40
| CM-17-026
| 310.00
| -45.00
| CM-17-028
| 310.00
| -45.00
| CM-17-028-1
| 310.00
| -45.00
| CM-17-028-2
| 310.00
| -45.00
|
SOURCE Barkerville Gold Mines Ltd.
View original content with multimedia: newswire.ca
|
| | BGM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| To: howestreetbull who wrote (87) | 6/21/2017 8:42:53 AM | | From: howestreetbull | | | | by @newswire on June 21, 2017
BGM Intersects 17.55 G/T Au Over 6.20 Metres at Valley Zone
Veining Corridors Continue to Expand
TORONTO, June 21, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling results from the ongoing 130,000 metre Phase II Island Mountain exploration drilling program at the Company's flagship Cariboo Gold Project. The Company is currently exploring and delineating the Valley Zone with four drill rigs. Detailed drilling results, a drill hole location plan map, vertical section and longitudinal section are presented at the end of this release.
Drilling Highlights:
CM-17-021: 10.77 g/t Au over 5.90 metresCM-17-025: 17.55 g/t Au over 6.20 metresCM-17-044: 5.44 g/t Au over 13.95 metres
The geometry and hence true width of the mineralized zones cannot be assuredly concluded at this time and as such, core lengths are reported.
Veining Corridors Continue to Expand
Phase II drillhole CM-17-021 has intersected two new veining occurrences at vertical depths of 125 and 145 metres vertically below surface grading 9.32 g/t Au over 4.15 metres and 10.77 g/t Au over 5.90 metres respectively. Located on the southeastern strike of the Valley Zone, drillhole CM-17-025 intersected a new occurrence grading 17.55 g/t Au over 6.20 metres, 75 metres vertically below surface. As well, drillhole CM-17-044 discovered additional new veining occurrences in a broad corridor grading 5.44 g/t Au over 13.95 metres 54 metres below surface.
"We are seeing repeated success with targeting and intercepting mineralized vein systems across our current drilling program areas." Kyle Orr, Senior Geologist with BGM commented. "These latest results provide more evidence that the Cow Mountain and Island Mountain areas are connected through continuous, high grade gold mineralization in the Valley Zone."
About the Phase II Program
The 130,000 metre 2017 Phase II exploratory and delineation drill program on Island Mountain is intended to determine the extent of the vein systems that were historically never explored, and is aimed at discovering new vein systems and sulphide replacement bodies that will ultimately inform a maiden resource at Island Mountain. Four drill rigs are currently delineating additional mineralization below and on strike from the former Aurum and Cariboo Gold Quartz Mines which have never been explored since mining operations ceased circa 1967. Three rigs are testing down dip mineralization on Cow Mountain and in the Valley Zone. One rig is drilling new targets identified in 2016 located on Barkerville Mountain.
Qualified Persons
Exploration activities at the Cariboo Gold Project are administered on site by the Company's Exploration Manager, Maggie Layman, P.Geo. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, 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, Paul Geddes, 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 land package located in the historical Cariboo Mining District of central British Columbia. Barkerville's mineral tenures cover 2,110 square kilometres along a strike length of 67 kilometres which includes several past producing hard rock mines of the historic Barkerville Gold Mining Camp near the town of Wells, British Columbia. The QR Project, located approximately 110 kilometres by highway and all weather road from Wells was acquired by Barkerville in 2010 and boasts a fully permitted 900 tonne/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of 2015 with 91,489 tonnes of material milled producing 25,464 ounces of gold. The Company has completed several drilling and exploration programs over the past 20 years and has compiled this data with all historical information in order develop geologic models which are assisting management in defining new deposits in the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high grade gold mineralization.
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 for Valley Zone drillholes:
HOLE-ID
| FROM (M)
| TO (M)
| CORE LENGTH (M)
| AU (G/T)
| CM-17-021
| 171.35
| 175.50
| 4.15
| 9.32
| INCLUDING
| 171.35
| 171.85
| 0.50
| 29.30
| AND
| 173.45
| 174.10
| 0.65
| 34.70
| CM-17-021
| 194.20
| 200.10
| 5.90
| 10.77
| INCLUDING
| 196.40
| 196.90
| 0.50
| 93.00
| AND
| 196.90
| 197.50
| 0.60
| 19.35
| AND
| 198.00
| 198.60
| 0.60
| 6.52
| CM-17-021
| 232.50
| 233.05
| 0.55
| 8.15
| CM-17-025
| 53.75
| 54.25
| 0.50
| 15.60
| CM-17-025
| 79.00
| 85.20
| 6.20
| 17.55
| INCLUDING
| 83.75
| 84.35
| 0.60
| 83.10
| AND
| 84.35
| 85.20
| 0.85
| 64.60
| CM-17-025
| 164.00
| 164.65
| 0.65
| 13.90
| CM-17-029
| 287.85
| 288.60
| 0.75
| 8.76
| CM-17-029
| 349.00
| 349.50
| 0.50
| 46.70
| CM-17-030
|
|
|
| ASSAYS PENDING
| CM-17-031
|
|
|
| ABANDONED
| CM-17-032
| 68.25
| 68.90
| 0.65
| 19.70
| CM-17-032
| 215.20
| 215.70
| 0.50
| 14.10
| CM-17-032
| 228.25
| 229.00
| 0.75
| 18.75
| CM-17-032
| 287.35
| 288.20
| 0.85
| 10.05
| CM-17-032
| 339.20
| 339.80
| 0.60
| 10.35
| CM-17-033
| 144.65
| 145.30
| 0.65
| 26.40
| CM-17-033
| 281.85
| 282.45
| 0.60
| 12.40
| CM-17-033
| 302.50
| 304.00
| 1.50
| 9.74
| CM-17-034
|
|
|
| ABANDONED
| CM-17-035
| 85.80
| 86.35
| 0.55
| 22.90
| CM-17-035
| 87.50
| 88.00
| 0.50
| 36.20
| CM-17-035
| 96.40
| 97.00
| 0.60
| 15.30
| CM-17-035
| 103.65
| 104.30
| 0.65
| 45.80
| CM-17-035
| 115.70
| 116.40
| 0.70
| 15.40
| CM-17-035
| 121.80
| 125.65
| 3.85
| 6.46
| INCLUDING
| 121.80
| 122.50
| 0.70
| 15.25
| AND
| 124.50
| 125.10
| 0.60
| 11.85
| CM-17-035
| 128.50
| 129.50
| 1.00
| 8.91
| CM-17-035
| 132.05
| 133.00
| 0.95
| 10.95
| CM-17-036
| 76.00
| 77.00
| 1.00
| 6.19
| CM-17-036
| 198.15
| 198.70
| 0.55
| 12.15
| CM-17-036
| 384.30
| 384.80
| 0.50
| 20.40
| CM-17-037
| 296.65
| 300.40
| 3.75
| 4.19
| INCLUDING
| 296.65
| 297.25
| 0.60
| 7.58
| AND
| 297.80
| 298.30
| 0.50
| 7.57
| AND
| 298.30
| 299.15
| 0.85
| 5.32
| CM-17-037
| 313.00
| 313.50
| 0.50
| 12.20
| CM-17-037
| 466.75
| 467.50
| 0.75
| 9.87
| CM-17-037
| 476.45
| 476.95
| 0.50
| 7.89
| CM-17-037
| 481.15
| 481.65
| 0.50
| 9.62
| CM-17-037
| 499.50
| 500.00
| 0.50
| 8.43
| CM-17-037
| 523.30
| 524.00
| 0.70
| 12.85
| CM-17-037
| 529.55
| 530.05
| 0.50
| 12.05
| CM-17-037
| 532.90
| 533.40
| 0.50
| 15.40
| CM-17-038
| 60.75
| 61.40
| 0.65
| 10.65
| CM-17-038
| 191.75
| 193.00
| 1.25
| 13.80
| CM-17-038
| 200.50
| 201.10
| 0.60
| 9.72
| CM-17-038
| 259.50
| 260.00
| 0.50
| 8.44
| CM-17-038
| 295.00
| 296.00
| 1.00
| 8.66
| CM-17-038
| 298.00
| 298.60
| 0.60
| 10.45
| CM-17-039
| 64.55
| 65.05
| 0.50
| 21.60
| CM-17-039
| 152.50
| 153.20
| 0.70
| 15.80
| CM-17-039
| 356.40
| 356.90
| 0.50
| 16.30
| CM-17-040
| 140.60
| 141.10
| 0.50
| 13.30
| CM-17-040
| 161.00
| 165.20
| 4.20
| 8.44
| INCLUDING
| 162.20
| 162.80
| 0.60
| 25.10
| AND
| 162.80
| 163.30
| 0.50
| 20.40
| AND
| 163.30
| 163.80
| 0.50
| 17.55
| CM-17-040
| 200.00
| 201.10
| 1.10
| 7.78
| CM-17-040
| 211.30
| 212.00
| 0.70
| 12.80
| CM-17-040
| 217.00
| 217.50
| 0.50
| 13.40
| CM-17-040
| 228.80
| 229.60
| 0.80
| 35.90
| CM-17-040
| 235.80
| 236.60
| 0.80
| 37.20
| CM-17-040
| 237.60
| 238.35
| 0.75
| 14.85
| CM-17-040
| 255.30
| 255.80
| 0.50
| 56.60
| CM-17-041
| 133.60
| 134.10
| 0.50
| 29.30
| CM-17-041
| 252.65
| 253.60
| 0.95
| 22.70
| CM-17-042
| 70.15
| 70.70
| 0.55
| 33.10
| CM-17-042
| 97.00
| 97.65
| 0.65
| 10.40
| CM-17-042
| 141.40
| 142.00
| 0.60
| 21.60
| CM-17-042
| 156.00
| 156.50
| 0.50
| 29.80
| CM-17-042
| 189.65
| 190.15
| 0.50
| 14.25
| CM-17-042
| 191.50
| 192.00
| 0.50
| 16.50
| CM-17-042
| 204.00
| 204.50
| 0.50
| 17.75
| CM-17-042
| 349.55
| 350.20
| 0.65
| 12.05
| CM-17-043
| 207.50
| 208.20
| 0.70
| 9.87
| CM-17-043
| 249.30
| 249.80
| 0.50
| 21.70
| CM-17-044
| 76.20
| 90.15
| 13.95
| 5.44
| INCLUDING
| 76.20
| 76.70
| 0.50
| 40.00
| AND
| 81.70
| 82.25
| 0.55
| 23.70
| AND
| 86.75
| 87.25
| 0.50
| 18.45
| AND
| 88.15
| 88.65
| 0.50
| 8.59
| AND
| 89.65
| 90.15
| 0.50
| 54.80
| CM-17-044
| 119.50
| 120.20
| 0.70
| 20.80
| CM-17-044
| 124.45
| 125.05
| 0.60
| 12.30
| CM-17-044
| 430.10
| 430.85
| 0.75
| 43.50
| CM-17-044
| 459.35
| 460.05
| 0.70
| 17.90
| CM-17-045
| 124.30
| 125.00
| 0.70
| 26.00
| CM-17-045
| 165.55
| 166.55
| 1.00
| 14.10
|
True widths cannot be accurately determined from the information available therefore core lengths are reported. Rock not recovered by drilling was assigned zero grade. Top cuts have not been applied to high grade assays. MC = Mosquito Creek, SHAFT = Shaft Zone, VALLEY = Valley Zone.
Table 2: Drillhole Collar Orientations:
HOLE-ID
| AZIMUTH
| DIP
| HOLE-ID
| AZIMUTH
| DIP
| CM-17-021
| 310.00
| -45.00
| CM-17-042
| 129.50
| -44.90
| CM-17-025
| 127.30
| -61.20
| CM-17-043
| 130.00
| -45.00
| CM-17-029
| 130.30
| -45.30
| CM-17-044
| 310.00
| -45.00
| CM-17-030
| 310.00
| -45.00
| CM-17-045
| 310.00
| -50.20
| CM-17-031
| 310.00
| -45.00
| CM-17-046
| 317.10
| -44.70
| CM-17-032
| 130.00
| -44.90
| CM-17-047
| 307.40
| -46.50
| CM-17-033
| 220.00
| -45.00
| CM-17-048
| 310.00
| -55.00
| CM-17-034
| 310.00
| -45.00
| CM-17-049
| 128.30
| -46.10
| CM-17-035
| 220.00
| -65.00
| CM-17-050
| 316.90
| -58.80
| CM-17-036
| 126.60
| -45.30
| CM-17-051
| 130.00
| -45.00
| CM-17-037
| 310.00
| -43.80
| CM-17-053
| 132.00
| -61.30
| CM-17-038
| 130.00
| -44.20
| CM-17-054
| 305.10
| -57.10
| CM-17-039
| 127.80
| -45.00
| CM-17-055
| 316.10
| -54.30
| CM-17-040
| 314.00
| -45.00
| CM-17-057
| 130.00
| -41.30
| CM-17-041
| 310.00
| -67.00
| CM-17-058
| 224.80
| -44.30
|
SOURCE Barkerville Gold Mines Ltd.
View original content with multimedia: newswire.ca
|
| | BGM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| To: howestreetbull who wrote (88) | 7/5/2017 8:27:00 AM | | From: howestreetbull | | | | by @newswire on July 5, 2017
BGM Intersects 17.30 G/T Au Over 7.50 Metres at Valley Zone
Expansion of Vein Corridors Continues
TORONTO, July 5, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling results from the ongoing 130,000 metre Phase II Island Mountain exploration drilling program at the Company's flagship Cariboo Gold Project. The Company is currently exploring and delineating the Valley and Shaft Zones with seven drill rigs, while an eighth drill rig is conducting exploratory drilling on Barkerville Mountain. Detailed drilling results, a drill hole location plan map, vertical section and longitudinal section are presented at the end of this release.
Veining Corridors Continue to Develop in Valley Zone
The ongoing exploration and delineation drilling program in the Valley Zone continues to corroborate veining corridors as demonstrated by drillhole CM-17-057 which intersected a broad network of veining averaging 17.30 g/t Au over 7.50 metres at vertical depth of 170 metres below surface. At the same elevation 130 metres along vein strike to the southwest, drillhole CM-17-048 delineated additional veining grading 12.27 g/t Au over 4.55 metres. In a previously unexplored portion of the Valley Zone, another new veining occurrence averaging 11.33 g/t Au over 3.00 metres was discovered by drillhole CM-17-053 at a vertical depth of 140 metres below surface. Because of the wide hole spacings and scarcity of historical drilling in these areas, all occurrences are open for expansion.
"The high-grade vein corridors in the Valley Zone continue to be identified and will require infill drilling later in the year." noted Chris Lodder, President and CEO of Barkerville Gold Mines. "Seven drills are focused on infill drilling on Island Mountain and one rig is conducting reconnaissance drilling on Barkerville Mountain. Regional exploration in the larger land package was reinitiated last week and will continue until late September. The objective of the regional exploration program is to continue the advancement of future drill targets. Underground mine development continues at Bonanza Ledge with processing at the QR mill to start in August."
Qualified Persons
Exploration activities at the Cariboo Gold Project are administered on site by the Company's Exploration Manager, Maggie Layman, P.Geo. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, 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, Paul Geddes, 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 land package located in the historical Cariboo Mining District of central British Columbia. Barkerville's mineral tenures cover 2,110 square kilometres along a strike length of 67 kilometres which includes several past producing hard rock mines of the historic Barkerville Gold Mining Camp near the town of Wells, British Columbia. The QR Project, located approximately 110 kilometres by highway and all weather road from Wells was acquired by Barkerville in 2010 and boasts a fully permitted 900 tonne/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of 2015 with 91,489 tonnes of material milled producing 25,464 ounces of gold. The Company has completed several drilling and exploration programs over the past 20 years and has compiled this data with all historical information in order develop geologic models which are assisting management in defining new deposits in the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high grade gold mineralization.
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 for Valley and Shaft Zone drillholes:
HOLE-ID
| FROM (M)
| TO (M)
| CORE LENGTH (M)
| AU (G/T)
| AREA
| CM-17-046
| 115.20
| 115.70
| 0.50
| 145.00
| VALLEY
| CM-17-046
| 151.50
| 155.45
| 3.95
| 5.01
| VALLEY
| INCLUDING
| 152.40
| 153.05
| 0.65
| 24.90
| VALLEY
| CM-17-046
| 284.90
| 303.85
| 18.95
| 2.86
| VALLEY
| INCLUDING
| 290.25
| 290.80
| 0.55
| 9.29
| VALLEY
| CM-17-046
| 296.30
| 296.80
| 0.50
| 10.20
| VALLEY
| CM-17-046
| 303.20
| 303.85
| 0.65
| 30.70
| VALLEY
| CM-17-047
| 94.00
| 94.50
| 0.50
| 5.95
| VALLEY
| CM-17-047
| 97.00
| 97.80
| 0.80
| 6.55
| VALLEY
| CM-17-047
| 106.60
| 107.10
| 0.50
| 18.60
| VALLEY
| CM-17-047
| 137.55
| 138.05
| 0.50
| 11.15
| VALLEY
| CM-17-047
| 410.50
| 414.00
| 3.50
| 5.41
| VALLEY
| CM-17-047
| 482.75
| 484.50
| 1.75
| 7.96
| VALLEY
| CM-17-047
| 500.40
| 501.75
| 1.35
| 7.58
| VALLEY
| CM-17-047
| 600.25
| 600.75
| 0.50
| 6.42
| VALLEY
| CM-17-048
| 165.60
| 170.15
| 4.55
| 12.27
| VALLEY
| INCLUDING
| 166.30
| 167.00
| 0.70
| 70.80
| VALLEY
| CM-17-049
| 559.70
| 560.60
| 0.90
| 12.40
| VALLEY
| CM-17-050
| 63.20
| 64.10
| 0.90
| 5.63
| VALLEY
| CM-17-050
| 68.60
| 69.25
| 0.65
| 6.86
| VALLEY
| CM-17-051
| 94.75
| 96.10
| 1.35
| 17.45
| VALLEY
| CM-17-051
| 211.60
| 212.90
| 1.30
| 10.70
| VALLEY
| CM-17-051
| 234.00
| 235.10
| 1.10
| 13.00
| VALLEY
| CM-17-053
| 140.00
| 143.00
| 3.00
| 11.33
| VALLEY
| INCLUDING
| 140.50
| 141.00
| 0.50
| 54.10
| VALLEY
| CM-17-053
| 332.50
| 335.05
| 2.55
| 6.93
| VALLEY
| CM-17-053
| 373.70
| 374.50
| 0.80
| 5.39
| VALLEY
| CM-17-053
| 375.70
| 376.30
| 0.60
| 6.10
| VALLEY
| CM-17-054
| 131.00
| 134.55
| 3.55
| 6.22
| VALLEY
| INCLUDING
| 132.00
| 132.85
| 0.85
| 12.65
| VALLEY
| AND
| 133.50
| 134.00
| 0.50
| 15.25
| VALLEY
| CM-17-054
| 189.40
| 190.20
| 0.80
| 16.25
| VALLEY
| CM-17-054
| 689.85
| 690.35
| 0.50
| 7.85
| VALLEY
| CM-17-055
| 134.00
| 134.50
| 0.50
| 5.75
| VALLEY
| CM-17-055
| 363.55
| 364.40
| 0.85
| 15.85
| VALLEY
| CM-17-056
|
|
|
| ASSAYS PENDING
| VALLEY
| CM-17-057
| 215.15
| 222.65
| 7.50
| 17.30
| VALLEY
| INCLUDING
| 215.15
| 215.80
| 0.65
| 57.40
| VALLEY
| AND
| 219.95
| 220.55
| 0.60
| 115.50
| VALLEY
| AND
| 220.55
| 221.15
| 0.60
| 29.40
| VALLEY
| AND
| 221.15
| 221.65
| 0.50
| 7.95
| VALLEY
| CM-17-057
| 233.70
| 234.30
| 0.60
| 16.50
| VALLEY
| CM-17-057
| 288.85
| 289.45
| 0.60
| 11.80
| VALLEY
| CM-17-057
| 316.30
| 316.80
| 0.50
| 46.60
| VALLEY
| IM-17-103
| 104.15
| 104.65
| 0.50
| 17.85
| SHAFT
| IM-17-103
| 261.55
| 262.30
| 0.75
| 17.95
| SHAFT
| IM-17-103
| 350.60
| 351.10
| 0.50
| 35.70
| SHAFT
| IM-17-103
| 371.50
| 372.25
| 0.75
| 9.22
| SHAFT
| IM-17-103
| 399.50
| 405.25
| 5.75
| 9.65
| SHAFT
| INCLUDING
| 401.45
| 402.15
| 0.70
| 37.00
| SHAFT
| AND
| 404.30
| 405.25
| 0.95
| 24.50
| SHAFT
| IM-17-104
|
|
|
| ASSAYS PENDING
| SHAFT
| IM-17-105
|
|
|
| ASSAYS PENDING
| SHAFT
| IM-17-106
| 71.95
| 72.45
| 0.50
| 17.00
| SHAFT
| IM-17-106
| 169.50
| 170.00
| 0.50
| 19.25
| SHAFT
| IM-17-106
| 203.10
| 211.25
| 8.15
| 8.01
| SHAFT
| INCLUDING
| 208.30
| 209.05
| 0.75
| 48.20
| SHAFT
| AND
| 210.50
| 211.25
| 0.75
| 33.10
| SHAFT
| IM-17-106
| 268.70
| 269.30
| 0.60
| 12.60
| SHAFT
| IM-17-106
| 490.55
| 491.90
| 1.35
| 10.59
| SHAFT
| IM-17-106
| 612.65
| 613.45
| 0.80
| 11.10
| SHAFT
|
True widths cannot be accurately determined from the information available therefore core lengths are reported. Rock not recovered by drilling was assigned zero grade. Top cuts have not been applied to high grade assays. SHAFT = Shaft Zone, VALLEY = Valley Zone.
Table 2: Drillhole Collar Orientations:
HOLE-ID
| AZIMUTH
| DIP
| CM-17-046
| 317.10
| -44.70
| CM-17-047
| 307.40
| -46.50
| CM-17-048
| 310.00
| -55.00
| CM-17-049
| 128.30
| -46.10
| CM-17-050
| 316.90
| -58.80
| CM-17-051
| 130.00
| -45.00
| CM-17-053
| 132.00
| -61.30
| CM-17-054
| 305.10
| -57.10
| CM-17-055
| 316.10
| -54.30
| CM-17-057
| 130.00
| -41.30
| IM-17-103
| 132.10
| -45.40
| IM-17-106
| 140.00
| -59.10
|
SOURCE Barkerville Gold Mines Ltd.
View original content with multimedia: newswire.ca
|
| | BGM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: howestreetbull | 7/28/2017 9:02:43 AM | | | | | | by @newswire on July 27, 2017
BGM Intersects 29.95 g/t Au Over 8.85 Metres at Shaft Zone
DEEP DRILLING INTERSECTS 11.93 G/T AU OVER 7.15 METRES
TORONTO, July 27, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling results from the ongoing 130,000 metre Phase II Island Mountain exploration drilling program at the Company's flagship Cariboo Gold Project. The Company is currently exploring and delineating the Valley and Shaft Zones with seven drill rigs, while an eighth drill rig is conducting exploratory drilling on Barkerville Mountain. Given the continued drilling success at the project, the Company has ordered two additional drill rigs for early August 2017 bringing the total number of operating rigs to ten. Detailed drilling results, a drill hole location plan map, level plan and longitudinal section are presented at the end of this release.
Drilling Highlights:
IM-17-104: 11.93 g/t Au over 7.15 metresIM-17-109: 12.19 g/t Au over 5.55 metresIM-17-111: 15.94 g/t Au over 3.00 metresIM-17-113: 29.95 g/t Au over 8.85 metresIM-17-115: 10.14 g/t Au over 4.00 metresIM-17-116: 11.68 g/t Au over 3.00 metresIM-17-104: 11.93 g/t Au over 7.15 metres
True widths cannot be accurately determined from the information available therefore core lengths are reported.
Shaft Zone Veining Expands at Depth
Continuity and extensions of the Shaft Zone vein systems continues as demonstrated by drillhole
IM-17-113 which intersected three separate corridors grading 10.84 g/t Au over 4.95 metres, 4.71 g/t Au over 10.25 metres followed by 29.95 g/t Au over 8.85 metres from 400 to 475 metres vertically below surface. These new intersections correlate along vein strike to the northeast with previously reported drillhole CM-17-023 which recently discovered veining grading 12.43 g/t Au over 7.20 metres and 5.22 g/t Au over 19.55 metres. These holes are separated by an untested 175 metre gap and are open for expansion.
In the same portion of the Shaft Zone, drillhole IM-17-104 intersected additional veining grading
11.93 g/t Au over 7.15 metres at a vertical depth of 450 metres below surface. This new occurrence is untested along vein strike for 275 metres to previously reported drillholes CM-17-014 and CM-17-045 which intersected 11.98 g/t Au over 4.35 metres and 5.41 g/t Au over 3.50 metres respectively.
Qualified Persons
Exploration activities at the Cariboo Gold Project are administered on site by the Company's Exploration Manager, Maggie Layman, P.Geo. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, 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, Paul Geddes, 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 land package located in the historical Cariboo Mining District of central British Columbia. Barkerville's mineral tenures cover 2,110 square kilometres along a strike length of 67 kilometres which includes several past producing hard rock mines of the historic Barkerville Gold Mining Camp near the town of Wells, British Columbia. The QR Project, located approximately 110 kilometres by highway and all weather road from Wells was acquired by Barkerville in 2010 and boasts a fully permitted 900 tonne/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of 2015 with 91,489 tonnes of material milled producing 25,464 ounces of gold. The Company has completed several drilling and exploration programs over the past 20 years and has compiled this data with all historical information in order develop geologic models which are assisting management in defining new deposits in the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high grade gold mineralization.
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 for Valley and Shaft Zone drillholes:
HOLE-ID
| FROM (M)
| TO (M)
| CORE LENGTH (M)
| AU (G/T)
| CM-17-056
| 319.70
| 320.90
| 1.20
| 6.13
| CM-17-056
| 382.40
| 382.90
| 0.50
| 28.20
| CM-17-058
| 28.50
| 29.70
| 1.20
| 1.25
| CM-17-059
| 132.50
| 136.00
| 3.50
| 8.54
| INCLUDING
| 134.90
| 135.40
| 0.50
| 12.25
| AND
| 135.40
| 136.00
| 0.60
| 26.10
| CM-17-059
| 137.50
| 138.00
| 0.50
| 6.18
| CM-17-059
| 145.30
| 146.20
| 0.90
| 7.03
| CM-17-059
| 156.80
| 157.30
| 0.50
| 10.30
| CM-17-059
| 231.00
| 231.50
| 0.50
| 11.10
| CM-17-059
| 236.00
| 236.50
| 0.50
| 7.20
| CM-17-060
| 31.05
| 32.20
| 1.15
| 5.09
| CM-17-061
| 398.30
| 399.00
| 0.70
| 27.20
| CM-17-062
| 257.50
| 258.05
| 0.55
| 8.25
| CM-17-062
| 282.60
| 283.10
| 0.50
| 35.60
| CM-17-062
| 287.05
| 288.55
| 1.50
| 7.71
| IM-17-104
| 246.75
| 247.45
| 0.70
| 8.66
| IM-17-104
| 509.50
| 509.90
| 0.40
| 16.45
| IM-17-104
| 588.80
| 595.95
| 7.15
| 11.93
| INCLUDING
| 588.80
| 589.40
| 0.60
| 13.70
| AND
| 593.20
| 593.90
| 0.70
| 8.90
| AND
| 593.90
| 594.40
| 0.50
| 114.50
| AND
| 595.00
| 595.95
| 0.95
| 8.67
| IM-17-108
| 124.60
| 125.40
| 0.80
| 10.25
| IM-17-108
| 247.80
| 250.00
| 2.20
| 17.40
| INCLUDING
| 247.80
| 248.30
| 0.50
| 70.20
| IM-17-108
| 307.05
| 307.80
| 0.75
| 17.00
| IM-17-108
| 357.00
| 358.00
| 1.00
| 24.40
| IM-17-108
| 555.95
| 557.00
| 1.05
| 17.95
| IM-17-108
| 561.40
| 564.70
| 3.30
| 7.50
| IM-17-108
| 587.00
| 587.50
| 0.50
| 14.15
| IM-17-108
| 639.10
| 639.60
| 0.50
| 13.10
| IM-17-108
| 657.05
| 657.55
| 0.50
| 7.20
| IM-17-108
| 660.45
| 662.50
| 2.05
| 19.42
| INCLUDING
| 661.15
| 661.85
| 0.70
| 56.00
| IM-17-108
| 673.15
| 673.65
| 0.50
| 13.60
| IM-17-109
| 99.55
| 105.10
| 5.55
| 12.19
| INCLUDING
| 99.55
| 100.50
| 0.95
| 44.50
| AND
| 104.60
| 105.10
| 0.50
| 34.70
| IM-17-110
| 58.80
| 60.30
| 1.50
| 42.40
| IM-17-110
| 99.80
| 100.30
| 0.50
| 13.15
| IM-17-110
| 345.20
| 346.10
| 0.90
| 8.55
| IM-17-110
| 405.00
| 405.80
| 0.80
| 14.10
| IM-17-110
| 527.00
| 527.75
| 0.75
| 32.90
| IM-17-110
| 527.00
| 527.75
| 0.75
| 32.90
| IM-17-110
| 596.50
| 597.00
| 0.50
| 33.70
| IM-17-110
| 610.80
| 611.50
| 0.70
| 8.04
| IM-17-111
| 53.00
| 56.00
| 3.00
| 15.94
| INCLUDING
| 54.60
| 55.10
| 0.50
| 93.40
| IM-17-112
|
|
|
| ASSAYS PENDING
| IM-17-113
| 17.30
| 18.00
| 0.70
| 8.87
| IM-17-113
| 20.40
| 21.00
| 0.60
| 15.40
| IM-17-113
| 22.70
| 23.75
| 1.05
| 19.00
| IM-17-113
| 406.00
| 406.95
| 0.95
| 9.40
| IM-17-113
| 407.50
| 408.50
| 1.00
| 6.88
| IM-17-113
| 454.50
| 455.10
| 0.60
| 19.50
| IM-17-113
| 497.30
| 502.25
| 4.95
| 10.84
| INCLUDING
| 497.30
| 497.90
| 0.60
| 22.70
| AND
| 499.50
| 500.75
| 1.25
| 21.10
| IM-17-113
| 525.45
| 526.40
| 0.95
| 7.15
| IM-17-113
| 537.75
| 548.00
| 10.25
| 4.71
| INCLUDING
| 537.75
| 538.25
| 0.50
| 19.80
| AND
| 546.30
| 547.10
| 0.80
| 12.60
| AND
| 547.10
| 548.00
| 0.90
| 26.20
| IM-17-113
| 597.15
| 606.00
| 8.85
| 29.95
| INCLUDING
| 597.15
| 597.65
| 0.50
| 17.95
| AND
| 597.65
| 598.15
| 0.50
| 18.05
| AND
| 601.50
| 602.00
| 0.50
| 108.00
| AND
| 602.75
| 603.35
| 0.60
| 23.30
| AND
| 603.35
| 604.50
| 1.15
| 154.50
| IM-17-114
|
|
|
| ABANDONED
| IM-17-115
| 152.70
| 153.20
| 0.50
| 54.80
| IM-17-115
| 220.50
| 221.00
| 0.50
| 7.58
| IM-17-115
| 419.30
| 423.30
| 4.00
| 10.14
| INCLUDING
| 422.20
| 422.70
| 0.50
| 8.85
| AND
| 422.70
| 423.30
| 0.60
| 54.70
| IM-17-116
| 78.00
| 81.00
| 3.00
| 11.68
| INCLUDING
| 79.00
| 79.50
| 0.50
| 43.30
| AND
| 79.50
| 80.15
| 0.65
| 19.55
| IM-17-116
| 210.00
| 213.00
| 3.00
| 8.59
| INCLUDING
| 211.20
| 212.00
| 0.80
| 9.64
| AND
| 212.00
| 213.00
| 1.00
| 17.05
| IM-17-116
| 313.00
| 314.00
| 1.00
| 7.77
| IM-17-116
| 422.25
| 433.70
| 11.45
| 5.02
| INCLUDING
| 425.00
| 426.20
| 1.20
| 16.25
| AND
| 428.05
| 429.20
| 1.15
| 23.70
| IM-17-116
| 476.50
| 479.55
| 3.05
| 8.83
| INCLUDING
| 477.70
| 478.30
| 0.60
| 36.10
| IM-17-116
| 503.10
| 504.20
| 1.10
| 24.46
| INCLUDING
| 503.10
| 503.60
| 0.50
| 52.50
| IM-17-117
| 164.00
| 164.50
| 0.50
| 25.20
| IM-17-117
| 218.10
| 218.60
| 0.50
| 13.55
| IM-17-117
| 261.30
| 262.20
| 0.90
| 17.30
| IM-17-117
| 468.95
| 470.00
| 1.05
| 14.85
| IM-17-118
| 60.80
| 62.00
| 1.20
| 17.75
| INCLUDING
| 60.80
| 61.40
| 0.60
| 34.50
| IM-17-118
| 76.30
| 77.40
| 1.10
| 10.75
| IM-17-118
| 174.30
| 174.80
| 0.50
| 10.50
| IM-17-118
| 345.50
| 346.00
| 0.50
| 9.41
| IM-17-118
| 358.95
| 359.60
| 0.65
| 9.45
| IM-17-118
| 372.50
| 374.00
| 1.50
| 7.63
|
True widths cannot be accurately determined from the information available therefore core lengths are reported. Rock not recovered by drilling was assigned zero grade. Top cuts have not been applied to high grade assays. SHAFT = Shaft Zone, VALLEY = Valley Zone.
Table 2: Drillhole Collar Orientations:
HOLE-ID
| AZIMUTH
| DIP
| CM-17-058
| 224.80
| -44.30
| IM-17-104
| 131.60
| -61.50
| IM-17-108
| 136.70
| -48.30
| IM-17-109
| 136.80
| -63.80
| IM-17-110
| 130.40
| -45.10
| IM-17-111
| 135.70
| -44.00
| IM-17-113
| 122.60
| -64.40
| IM-17-114
| 127.70
| -42.80
| IM-17-115
| 135.60
| -45.40
| IM-17-116
| 138.30
| -64.60
| IM-17-117
| 137.30
| -41.30
| IM-17-118
| 140.60
| -43.60
| CM-17-056
| 135.30
| -44.50
| CM-17-059
| 307.50
| -45.00
| CM-17-060
| 223.50
| -64.70
| CM-17-061
| 312.00
| -55.90
| CM-17-062
| 311.60
| -45.80
|
SOURCE Barkerville Gold Mines Ltd.
View original content with multimedia: newswire.ca
|
| | BGM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: howestreetbull | 8/9/2017 9:26:30 AM | | | | | | BGM.v BGM Intersects 18.84 g/t Au Over 30.85 Metres at Shaft Zone
by @newswire on August 9, 2017
NEW EXPANSION AT DEPTH GRADES 12.76 G/T AU OVER 25.40 METRES
TORONTO, Aug. 9, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce that additional drilling results from the ongoing 130,000 metre Phase II Island Mountain exploration drilling program at the Company's flagship Cariboo Gold Project have confirmed short range continuity of the vein systems and expanded a veining corridor at depth in the Shaft Zone. The Company is currently exploring and delineating the Valley and Shaft Zones with seven drill rigs, while an eighth drill rig is testing a broad gold in soil anomaly on Barkerville Mountain. Given the continued drilling success at the project, the Company has ordered two additional drill rigs for early August 2017 bringing the total number of operating rigs to ten. Detailed drilling results, a drill hole location plan map, vertical section and longitudinal section are presented at the end of this release.
Short Range Continuity Confirmed in Shaft Zone
The Company is very pleased to announce that Phase II drillhole IM-17-024 has successfully demonstrated and enhanced the short-range grade continuity and width of one of the numerous Shaft Zone veining corridors via the intersection of 18.84 g/t Au over 30.85 metres. This intensely veined and silica altered sandstone hosted zone occurs 20 metres vertically below previously reported drillhole IM-17-078 which intersected 11.42 g/t Au over 28.55 metres at a vertical depth of 450 metres below surface. Because these stand-alone drill holes constitute only two intercepts that cannot be confidently corroborated by additional drill hole pierce points, the geometry and hence true width of the potential mineralized zone cannot be assuredly concluded at this time.
New Shaft Zone High Tenor Veining Corridors Intersected at Depth
Approximately nineteen metres down hole from the above stated intersection a second zone grading 7.88 g/t Au over 7.70 metres was encountered followed by another high tenor zone fifty-five metres further downhole in drillhole IM-17-124. This third veining corridor was intersected grading 12.76 g/t Au over 25.40 metres at a vertical depth of 540 metres below surface and is to date the deepest veining discovered in the Shaft Zone. As such, this new occurrence is open for expansion and is supported by previously reported drillhole IM-17-097 which intersected analogous veining grading 40.19 g/t Au over 3.10 metres, 39.05 g/t Au over 8.25 metres and 10.34 g/t Au over 4.50 metres at vertical depth of 480 metres below surface. Drillhole IM-17-097 is located 50 metres to the east along vein strike.
Chris Lodder, President and CEO, commented "These infill drilling results and the nearby newly identified mineralized zones, demonstrate the potential for large tonnage, high grade mineralized corridors which may be amenable to larger tonnage underground mining methods."
Qualified Persons
Exploration activities at the Cariboo Gold Project are administered on site by the Company's Exploration Manager, Maggie Layman, P.Geo. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, 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, Paul Geddes, 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 land package located in the historical Cariboo Mining District of central British Columbia. Barkerville's mineral tenures cover 2,110 square kilometres along a strike length of 67 kilometres which includes several past producing hard rock mines of the historic Barkerville Gold Mining Camp near the town of Wells, British Columbia. The QR Project, located approximately 110 kilometres by highway and all weather road from Wells was acquired by Barkerville in 2010 and boasts a fully permitted 900 tonne/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of 2015 with 91,489 tonnes of material milled producing 25,464 ounces of gold. The Company has completed several drilling and exploration programs over the past 20 years and has compiled this data with all historical information in order develop geologic models which are assisting management in defining new deposits in the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high grade gold mineralization.
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 for Shaft Zone drillholes:
HOLE-ID
| FROM (M)
| TO (M)
| CORE LENGTH (M)
| AU (G/T)
| IM-17-112
| 184.00
| 186.90
| 2.90
| 19.69
| INCLUDING
| 184.00
| 184.65
| 0.65
| 84.50
| IM-17-112
| 329.80
| 330.65
| 0.85
| 10.50
| IM-17-112
| 483.40
| 488.15
| 4.75
| 11.37
| INCLUDING
| 487.00
| 488.15
| 1.15
| 43.30
| IM-17-112
| 514.60
| 515.30
| 0.70
| 20.40
| IM-17-112
| 556.40
| 557.55
| 1.15
| 11.90
| IM-17-112
| 618.55
| 619.05
| 0.50
| 15.15
| IM-17-112
| 637.85
| 638.35
| 0.50
| 17.10
| IM-17-112
| 655.50
| 656.00
| 0.50
| 17.10
| IM-17-119
| 63.85
| 64.65
| 0.80
| 12.85
| IM-17-119
| 73.00
| 74.50
| 1.50
| 7.80
| IM-17-119
| 94.00
| 98.50
| 4.50
| 7.09
| INCLUDING
| 97.00
| 98.50
| 1.50
| 19.15
| IM-17-119
| 266.10
| 266.75
| 0.65
| 8.55
| IM-17-120
| 272.25
| 273.50
| 1.25
| 10.90
| IM-17-120
| 378.40
| 378.95
| 0.55
| 12.85
| IM-17-120
| 384.00
| 390.80
| 6.80
| 12.18
| INCLUDING
| 384.00
| 384.50
| 0.50
| 42.30
| AND
| 385.00
| 385.50
| 0.50
| 35.40
| AND
| 386.60
| 387.10
| 0.50
| 37.20
| AND
| 390.00
| 390.80
| 0.80
| 18.90
| IM-17-120
| 438.50
| 439.00
| 0.50
| 9.64
| IM-17-120
| 496.50
| 500.00
| 3.50
| 12.34
| INCLUDING
| 498.10
| 499.05
| 0.95
| 39.80
| IM-17-120
| 583.30
| 584.00
| 0.70
| 25.10
| IM-17-120
| 590.80
| 591.30
| 0.50
| 13.85
| IM-17-120
| 603.50
| 604.00
| 0.50
| 11.35
| IM-17-120
| 633.20
| 633.85
| 0.65
| 9.90
| IM-17-121
| 71.50
| 76.00
| 4.50
| 6.53
| INCLUDING
| 71.50
| 72.25
| 0.75
| 9.00
| AND
| 73.55
| 74.05
| 0.50
| 35.80
| IM-17-121
| 99.50
| 100.00
| 0.50
| 34.10
| IM-17-121
| 287.95
| 288.45
| 0.50
| 40.50
| IM-17-121
| 402.30
| 402.80
| 0.50
| 45.60
| IM-17-121
| 497.35
| 498.30
| 0.95
| 21.20
| IM-17-121
| 500.35
| 501.35
| 1.00
| 11.25
| IM-17-122
|
|
|
| ASSAYS PENDING
| IM-17-123
|
|
|
| ASSAYS PENDING
| IM-17-124
| 88.90
| 89.50
| 0.60
| 12.95
| IM-17-124
| 478.75
| 509.60
| 30.85
| 18.84
| INCLUDING
| 478.75
| 500.40
| 21.65
| 26.00
| INCLUDING
| 479.25
| 480.00
| 0.75
| 22.20
| AND
| 480.00
| 480.95
| 0.95
| 38.70
| AND
| 485.25
| 486.50
| 1.25
| 36.50
| AND
| 486.50
| 487.10
| 0.60
| 164.00
| AND
| 489.45
| 490.00
| 0.55
| 13.90
| AND
| 490.00
| 491.00
| 1.00
| 22.20
| AND
| 491.00
| 492.00
| 1.00
| 72.00
| AND
| 492.00
| 493.00
| 1.00
| 55.00
| AND
| 493.00
| 494.00
| 1.00
| 7.75
| AND
| 494.00
| 494.70
| 0.70
| 42.90
| AND
| 494.70
| 495.40
| 0.70
| 37.80
| AND
| 498.55
| 499.50
| 0.95
| 50.00
| AND
| 499.50
| 500.40
| 0.90
| 87.50
| AND
| 504.30
| 504.80
| 0.50
| 6.64
| AND
| 508.50
| 509.00
| 0.50
| 10.50
| AND
| 519.50
| 520.00
| 0.50
| 7.52
| IM-17-124
| 528.80
| 536.50
| 7.70
| 7.88
| INCLUDING
| 533.90
| 534.75
| 0.85
| 19.55
| AND
| 534.75
| 535.40
| 0.65
| 50.40
| AND
| 535.40
| 536.50
| 1.10
| 6.51
| IM-17-124
| 578.50
| 580.25
| 1.75
| 14.87
| INCLUDING
| 579.65
| 580.25
| 0.60
| 41.90
| IM-17-124
| 591.00
| 616.40
| 25.40
| 12.76
| INCLUDING
| 592.00
| 592.70
| 0.70
| 77.00
| AND
| 597.00
| 597.60
| 0.60
| 14.85
| AND
| 597.60
| 598.10
| 0.50
| 94.30
| AND
| 603.50
| 604.10
| 0.60
| 7.07
| AND
| 604.10
| 604.80
| 0.70
| 155.50
| AND
| 604.80
| 605.95
| 1.15
| 38.40
| AND
| 612.05
| 612.55
| 0.50
| 9.06
| AND
| 615.90
| 616.40
| 0.50
| 98.00
|
True widths cannot be accurately determined from the information available therefore core lengths are reported. Rock not recovered by drilling was assigned zero grade. Top cuts have not been applied to high grade assays. SHAFT = Shaft Zone, VALLEY = Valley Zone.
Table 2: Drillhole Collar Orientations:
HOLE-ID
| AZIMUTH
| DIP
| IM-17-112
| 140.00
| -45.00
| IM-17-119
| 141.20
| -63.60
| IM-17-120
| 140.00
| -63.00
| IM-17-121
| 134.90
| -65.50
| IM-17-124
| 132.30
| -65.00
|
SOURCE Barkerville Gold Mines Ltd.
View original content with multimedia: newswire.ca |
| | BGM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: howestreetbull | 8/29/2017 8:16:21 AM | | | | | | by @newswire on August 29, 2017
BGM Intersects 14.03 g/t Au Over 10.55 Metres at Shaft Zone
NEW FOOTWALL EXTENSION GRADES 48.07 G/T AU OVER 4.10 METRES
TORONTO, Aug. 29, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is very pleased to announce that additional drilling results from the ongoing 130,000 metre Phase II Island Mountain exploration drilling program at the Company's flagship Cariboo Gold Project have confirmed short range continuity of the vein systems and expanded a veining corridor at depth in the Shaft Zone. The Company is currently exploring and delineating the Valley and Shaft Zones with eight drill rigs, while a ninth drill rig is testing a broad gold in soil anomaly on Barkerville Mountain. Drill ten is currently expanding the known mineralization on the BC Vein. Detailed drilling results, a drill hole location plan map, vertical section and longitudinal section are presented at the end of this release.
Shaft Zone Footwall Mineralization Expanded
Drillhole IM-17-132 has extended the shallow footwall extents of the vein-hosting sandstone package through the intersection of new veining grading 48.07 g/t Au over 4.10 metres at a vertical depth of 90 metres below surface. This new intersection represents the up-dip extension of mineralization intersected by previously reported Phase II drillhole IM-17-101 which discovered two significant veining corridors grading 13.31 g/t Au over 11.00 metres and 7.60 g/t Au over 11.75 metres at vertical depths of 180 metres and 250 metres respectively. This footwall portion of the Shaft Zone is sparsely drilled and is open for expansion in all directions.
Infill Drilling Discovers New Veining
Averaging 14.03 g/t Au over 10.55 metres at a vertical depth of 150 metres in the Shaft Zone, Phase II infill drillhole IM-17-128 intersected new veining in an area that was formerly believed to be closed off by Phase I drilling. At an average vertical depth of 410 metres below surface, infill drillhole IM-17-130 intersected three veining corridors grading 12.39 g/t Au over 8.85 metres, 6.54 g/t Au over 8.50 metres followed by 10.38 g/t over 9.50 metres. These new occurrences are situated 20 metres southwest along vein strike of previously reported drillhole IM-17-104 which intersected 11.93 g/t Au over 7.15 metres. The lack of drilling below these intersections allows for downdip expansion.
"Drilling on Island Mountain again identifies new vein corridors and extensions to previously discovered mineralized zones," noted Chris Lodder, President and CEO of BGM. "With the large number of mineralized occurrences identified to date, the Exploration team is now working with our Operations and Environmental Departments on a development plan and permitting to gain new underground access to Island Mountain, the Valley Zone and Cow Mountain. This access will be advanced over the next few years and allow for more efficient exploration, assist with feasibility level work requirements and reduce surface disturbances. In the meantime, drilling from surface will continue at a rate of at least 120,000 m per year."
Qualified Persons
Exploration activities at the Cariboo Gold Project are administered on site by the Company's Exploration Manager, Maggie Layman, P.Geo. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, 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, Paul Geddes, 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 land package located in the historical Cariboo Mining District of central British Columbia. Barkerville's mineral tenures cover 2,110 square kilometres along a strike length of 67 kilometres which includes several past producing hard rock mines of the historic Barkerville Gold Mining Camp near the town of Wells, British Columbia. The QR Project, located approximately 110 kilometres by highway and all weather road from Wells was acquired by Barkerville in 2010 and boasts a fully permitted 900 tonne/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of 2015 with 91,489 tonnes of material milled producing 25,464 ounces of gold. The Company has completed several drilling and exploration programs over the past 20 years and has compiled this data with all historical information in order develop geologic models which are assisting management in defining new deposits in the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high grade gold mineralization.
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 for Phase II drillholes:
HOLE-ID
| FROM (M)
| TO (M)
| CORE LENGTH (M)
| AU (G/T)
| CM-17-063
| 78.60
| 79.25
| 0.65
| 8.73
| CM-17-063
| 212.00
| 212.65
| 0.65
| 8.78
| CM-17-063
| 333.60
| 334.35
| 0.75
| 34.80
| CM-17-063
| 371.85
| 377.40
| 5.55
| 7.50
| INCLUDING
| 371.85
| 372.35
| 0.50
| 9.06
| AND
| 372.35
| 372.85
| 0.50
| 21.10
| AND
| 372.85
| 373.35
| 0.50
| 45.20
| CM-17-064
| 76.90
| 77.40
| 0.50
| 13.70
| CM-17-064
| 81.90
| 82.75
| 0.85
| 31.10
| CM-17-064
| 151.70
| 156.10
| 4.40
| 16.44
| INCLUDING
| 151.70
| 152.55
| 0.85
| 53.40
| AND
| 153.10
| 153.60
| 0.50
| 24.00
| AND
| 155.60
| 156.10
| 0.50
| 25.20
| CM-17-064
| 289.00
| 289.70
| 0.70
| 15.35
| CM-17-064
| 290.20
| 291.00
| 0.80
| 7.17
| CM-17-064
| 300.50
| 301.00
| 0.50
| 10.65
| CM-17-064
| 321.80
| 330.70
| 8.90
| 9.01
| INCLUDING
| 321.80
| 322.30
| 0.50
| 13.60
| AND
| 325.30
| 325.80
| 0.50
| 14.85
| AND
| 325.80
| 326.85
| 1.05
| 38.70
| AND
| 326.85
| 327.35
| 0.50
| 25.60
| AND
| 330.10
| 330.70
| 0.60
| 19.55
| CM-17-064
| 378.70
| 379.35
| 0.65
| 13.35
| CM-17-064
| 389.15
| 389.95
| 0.80
| 14.95
| CM-17-064
| 598.60
| 599.10
| 0.50
| 17.45
| CM-17-065
| 100.30
| 100.95
| 0.65
| 7.17
| CM-17-065
| 145.70
| 146.55
| 0.85
| 8.66
| CM-17-065
| 169.50
| 170.00
| 0.50
| 13.75
| IM-17-122
| 541.70
| 542.20
| 0.50
| 11.10
| IM-17-122
| 592.15
| 595.25
| 3.10
| 8.26
| INCLUDING
| 593.00
| 593.70
| 0.70
| 14.95
| AND
| 594.55
| 595.25
| 0.70
| 14.35
| IM-17-123
|
|
|
| ASSAYS PENDING
| IM-17-125
| 417.45
| 418.25
| 0.80
| 8.94
| IM-17-125
| 626.00
| 629.45
| 3.45
| 16.20
| INCLUDING
| 626.00
| 626.70
| 0.70
| 7.40
| AND
| 626.70
| 627.75
| 1.05
| 7.74
| AND
| 628.70
| 629.45
| 0.75
| 56.80
| IM-17-125
| 641.50
| 642.00
| 0.50
| 26.90
| IM-17-125
| 645.00
| 645.75
| 0.75
| 16.00
| IM-17-125
| 647.30
| 648.00
| 0.70
| 8.85
| IM-17-125
| 650.00
| 650.80
| 0.80
| 15.85
| IM-17-126
| 175.60
| 176.30
| 0.70
| 11.20
| IM-17-126
| 178.50
| 179.15
| 0.65
| 7.10
| IM-17-126
| 325.40
| 325.90
| 0.50
| 11.00
| IM-17-126
| 348.00
| 348.50
| 0.50
| 32.60
| IM-17-126
| 350.85
| 351.45
| 0.60
| 10.50
| IM-17-126
| 355.00
| 360.60
| 5.60
| 12.49
| INCLUDING
| 355.80
| 356.30
| 0.50
| 9.90
| AND
| 356.30
| 357.50
| 1.20
| 21.30
| AND
| 357.50
| 358.10
| 0.60
| 32.60
| AND
| 358.10
| 358.90
| 0.80
| 23.30
| IM-17-126
| 370.00
| 370.50
| 0.50
| 33.60
| IM-17-126
| 464.50
| 465.50
| 1.00
| 26.60
| IM-17-126
| 484.30
| 484.80
| 0.50
| 35.30
| IM-17-126
| 495.25
| 496.00
| 0.75
| 20.30
| IM-17-127
|
|
|
| ASSAYS PENDING
| IM-17-128
| 144.30
| 144.90
| 0.60
| 8.01
| IM-17-128
| 194.00
| 194.50
| 0.50
| 10.65
| IM-17-128
| 207.10
| 217.65
| 10.55
| 14.03
| INCLUDING
| 211.85
| 212.65
| 0.80
| 59.60
| AND
| 213.85
| 214.60
| 0.75
| 119.50
| IM-17-128
| 236.80
| 237.30
| 0.50
| 14.45
| IM-17-128
| 241.85
| 242.35
| 0.50
| 11.95
| IM-17-128
| 250.30
| 251.45
| 1.15
| 14.95
| IM-17-128
| 297.25
| 298.20
| 0.95
| 10.20
| IM-17-128
| 305.50
| 306.00
| 0.50
| 18.50
| IM-17-128
| 446.30
| 447.10
| 0.80
| 8.37
| IM-17-129
| 60.50
| 61.00
| 0.50
| 53.90
| IM-17-129
| 122.50
| 123.00
| 0.50
| 7.75
| IM-17-129
| 125.20
| 125.80
| 0.60
| 9.10
| IM-17-129
| 174.30
| 175.35
| 1.05
| 8.39
| IM-17-129
| 302.40
| 303.30
| 0.90
| 17.75
| IM-17-129
| 335.35
| 336.00
| 0.65
| 17.00
| IM-17-129
| 408.80
| 410.40
| 1.60
| 8.91
| INCLUDING
| 409.30
| 409.85
| 0.55
| 14.05
| AND
| 409.85
| 410.40
| 0.55
| 8.10
| IM-17-129
| 440.00
| 440.50
| 0.50
| 15.15
| IM-17-129
| 470.65
| 471.15
| 0.50
| 16.40
| IM-17-130
| 99.65
| 100.15
| 0.50
| 69.60
| IM-17-130
| 422.90
| 423.70
| 0.80
| 14.25
| IM-17-130
| 449.70
| 450.30
| 0.60
| 43.00
| IM-17-130
| 479.85
| 480.65
| 0.80
| 85.70
| IM-17-130
| 577.65
| 586.50
| 8.85
| 12.39
| INCLUDING
| 577.65
| 578.50
| 0.85
| 16.00
| AND
| 585.45
| 586.50
| 1.05
| 81.40
| IM-17-130
| 617.10
| 625.60
| 8.50
| 6.54
| INCLUDING
| 621.90
| 622.80
| 0.90
| 9.68
| AND
| 624.80
| 625.60
| 0.80
| 46.30
| IM-17-130
| 638.10
| 647.60
| 9.50
| 10.38
| INCLUDING
| 645.30
| 646.00
| 0.70
| 88.80
| AND
| 646.60
| 647.60
| 1.00
| 17.40
| IM-17-131
|
|
|
| ASSAYS PENDING
| IM-17-132
| 165.90
| 170.00
| 4.10
| 48.07
| INCLUDING
| 165.90
| 166.60
| 0.70
| 277.00
| IM-17-133
| 227.10
| 228.00
| 0.90
| 13.25
| IM-17-133
| 231.80
| 232.50
| 0.70
| 8.42
| IM-17-133
| 251.40
| 252.10
| 0.70
| 10.95
| IM-17-134
| 20.65
| 21.40
| 0.75
| 20.40
| IM-17-134
| 69.90
| 70.50
| 0.60
| 10.25
| IM-17-134
| 262.00
| 269.00
| 7.00
| 11.29
| INCLUDING
| 262.00
| 263.00
| 1.00
| 19.20
| AND
| 263.00
| 264.00
| 1.00
| 27.20
| AND
| 264.00
| 265.00
| 1.00
| 16.15
| IM-17-134
| 304.40
| 312.50
| 8.10
| 4.36
| INCLUDING
| 305.00
| 306.00
| 1.00
| 7.31
| AND
| 310.10
| 311.00
| 0.90
| 9.62
| IM-17-134
| 332.70
| 333.60
| 0.90
| 14.05
| IM-17-134
| 332.70
| 342.50
| 9.80
| 4.49
| INCLUDING
| 332.70
| 333.60
| 0.90
| 14.05
| AND
| 341.75
| 342.50
| 0.75
| 24.40
| IM-17-135
| 293.00
| 296.20
| 3.20
| 13.78
| INCLUDING
| 293.00
| 293.70
| 0.70
| 32.90
| AND
| 294.35
| 295.40
| 1.05
| 16.05
| IM-17-136
| 65.00
| 66.50
| 1.50
| 8.23
| IM-17-137
| 60.25
| 60.95
| 0.70
| 9.30
| IM-17-137
| 250.75
| 251.50
| 0.75
| 19.10
|
True widths cannot be accurately determined from the information available therefore core lengths are reported. Rock not recovered by drilling was assigned zero grade. Top cuts have not been applied to high grade assays.
Table 2: Drillhole Collar Orientations:
HOLE-ID
| AZIMUTH
| DIP
| CM-17-063
| 309.70
| -48.20
| CM-17-064
| 312.00
| -45.00
| CM-17-065
| 313.30
| -58.70
| IM-17-122
| 128.30
| -45.30
| IM-17-125
| 127.80
| -65.00
| IM-17-126
| 138.20
| -44.20
| IM-17-128
| 139.80
| -42.50
| IM-17-129
| 144.60
| -62.90
| IM-17-130
| 135.60
| -44.70
| IM-17-132
| 139.60
| -44.80
| IM-17-133
| 141.40
| -63.90
| IM-17-134
| 139.60
| -45.00
| IM-17-135
| 142.10
| -63.70
| IM-17-136
| 142.10
| -64.20
| IM-17-137
| 144.90
| -64.70
|
SOURCE Barkerville Gold Mines Ltd.
View original content with multimedia: newswire.ca
|
| | BGM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: howestreetbull | 8/30/2017 9:23:38 AM | | | | | | Barkerville Enters into Relationship Agreement with the Soda Creek Indian Band
V.BGM | 1 hour ago
Canada NewsWire
TORONTO, Aug. 30, 2017
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
Trading Symbol: TSXV: BGM
TORONTO, Aug. 30, 2017 /CNW/ - Barkerville Gold Mines Ltd.(TSXV:BGM) ("Barkerville" or the "Corporation") is pleased to announce that it has entered into an interim relationship agreement (the "Relationship Agreement") with the Soda Creek Indian Band ("Xatsull"). Pursuant to the terms of the Relationship Agreement, both parties have committed to maintaining an ongoing relationship with respect to the Corporation's exploration and short term mining activities on its Cariboo Gold Project, located in the Xatsull stewardship area. The intent of the Relationship Agreement is to establish a mutually-beneficial and cooperative foundation for the development of a long-term relationship between the Xatsull First Nation and Barkerville. The agreement establishes a framework under which Barkerville and Xatsull can benefit from training, ongoing communication on stewardship and opportunities for businesses within the community to participate in the exploration activities and operations of the Corporation. Under the terms of the Relationship Agreement, Xatsull and Barkerville have further agreed to commence negotiations on an extension to the Relationship Agreement, or a longer term and more comprehensive relationship agreement.
Issuance of Shares to the Lhtako Dene First Nation
On August 18, 2017, pursuant to the terms of a relationship agreement entered into among the Lhtako Dene First Nation and Barkerville as announced on November 17, 2016, Barkerville issued an aggregate of 400,000 common shares of the Corporation (the "Common Shares") to the Lhtako Dene First Nation. The issuance of Common Shares represents a continued commitment on the part of Barkerville to create a positive and mutually beneficially relationship between the Lhtako Dene First Nation and Barkerville. The Common Shares issued to the Lhtako Dene First Nation pursuant to the relationship agreement are subject to a four month hold period, which will expire on December 18, 2017.
Purchase of Property
On August 1, 2017, the Corporation completed the acquisition of certain real estate with an office building in Wells, British Columbia to support growing infrastructure requirements of the Cariboo Gold Project. In accordance with part of the purchase agreement the vendor will be issued 50,000 Common Shares (having a value of $41,000 on the date of issuance). The Common Shares issued in connection with this acquisition are subject to a four month hold period, which will expire on December 1, 2017.
Appointment of Corporate Secretary
On August 25, 2017, the Corporation appointed Claire Lehan as Corporate Secretary. Ms. Lehan is a law graduate of Western Universityand currently practices corporate and securities law at Bennett Jones LLP.
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 Corporation's objectives, goals or future plans 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 Corporation's public documents filed on SEDAR. 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.
SOURCE Barkerville Gold Mines Ltd.
image: rt.newswire.ca
 View original content: newswire.ca
Tags:
GOLD
Read more at stockhouse.com |
| | BGM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: howestreetbull | 9/4/2017 10:18:36 AM | | | | | | Barkerville Gold Mines Ltd. Announces $28,000,000 Bought Deal Flow-Through Equity Financing -BGM.v
V.BGM | 3 days ago
Canada NewsWire
TORONTO, Sept. 1, 2017
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
Trading Symbol: TSXV: BGM
TORONTO, Sept. 1, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV:BGM) ("Barkerville" or the "Corporation") is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp., on behalf of a syndicate of underwriters (collectively the "Underwriters"), whereby the Underwriters have agreed to purchase, on a "bought deal" private placement basis, 25,000,000 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) ("Flow-Through Shares") at a price of $1.12 per Flow-Through Share (the "Issue Price") for gross proceeds of $28,000,000 (the "Offering"). The Issue Price represents an approximate 24% premium to the closing price of common shares of the Corporation on the TSX Venture Exchange (the "TSXV") on August 31, 2017 and an approximate 29% premium to the volume weighted average price of common shares of the Corporation on the TSXV over the last five trading days.
The Corporation will use the gross proceeds of Offering to fund the exploration and development of Barkerville's Cariboo Gold Project in central British Columbia, which expenditures will qualify as "flow-through mining expenditures" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) (the "Qualifying Expenditures"). The Qualifying Expenditures will be renounced to the subscribers of Flow-Through Shares with an effective date of no later than December 31, 2017and in an aggregate amount of not less than the gross proceeds of the Offering.
The Offering is expected to close on or about September 28, 2017 and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional listing approval of the TSXV and the applicable securities regulatory authorities. The Offering is being made by way of private placement in Canada. The securities will not be offered or sold in the United States. The securities issued under the Offering will be subject to a hold period expiring four months and one day from the closing date of the Offering. The Offering is subject to final acceptance of the TSX Venture Exchange.
About Barkerville Gold Mines Ltd.
The Corporation is focused on developing its extensive land package located in the historical Cariboo Mining District of central British Columbia. Barkerville's mineral tenures cover 2,110 square kilometres along a strike length of 67 kilometres, which includes several past producing hard rock mines of the historic Barkerville Gold Mining Camp near the town of Wells, British Columbia. The QR Project, located approximately 110 kilometres by highway and all weather road from Wells was acquired by Barkerville in 2010 and boasts a fully permitted 900 tonne/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of 2015 with 91,489 tonnes of material milled producing 25,464 ounces of gold. The Corporation has completed several drilling and exploration programs over the past 20 years and has compiled this data with all historical information in order develop geologic models which are assisting management in defining new deposits in the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high-grade gold mineralization.
Cautionary Statement on Forward-Looking Information
Neither the 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 Corporation's objectives, goals or future plans; statements regarding the Offering; the use of proceeds of the Offering; the timing and ability of the Corporation to complete the Offering, if at all; the jurisdictions in which the Flow-Through Shares will be offered and sold; 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, risks relating to the Offering; volatility in the trading price of common shares of the Corporation; risks relating to the ability of the Corporation to obtain required approvals, complete definitive documentation and complete the Offering on the terms announced; 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. 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.
SOURCE Barkerville Gold Mines Ltd.
image: rt.newswire.ca
 View original content: newswire.ca
Tags:
GOLD
Read more at stockhouse.com |
| | BGM | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| |
