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   Gold/Mining/EnergyBGM


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To: howestreetbull who wrote (84)5/18/2017 9:36:58 AM
From: howestreetbull
   of 127
 
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:

InsiderInsider RelationshipUnits
Purchased
(#)
Subscription
Amount
($)
Osisko Gold Royalties Ltd10% Securityholder11,333,054$10,766,401.30
Osisko Mining Inc.10% Securityholder5,324,908$5,058,662.60
Sean RoosenDirector of Barkerville;
Director or Senior Officer of 10% Securityholder
500,000$475,000.00
Bryan CoatesSenior Officer of 10% Securityholder52,632$50,000.40
Jose VizquerraDirector and Senior Officer of 10% Securityholder73,685$70,000.75
Andres Tinajero(1)Senior Officer of Barkerville100,000$95,000.00
Morris PrychidnyDirector of Barkerville200,000$190,000
Jacques PerronDirector of 10% Securityholder15,789$14,999.55
Gernot WoberSenior Officer of 10% Securityholder35,000$33,250.00
John KutkeviciusDirector of Barkerville100,000$95,000.00
Totals17,635,068$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




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To: howestreetbull who wrote (85)5/26/2017 8:56:40 AM
From: howestreetbull
   of 127
 
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


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To: howestreetbull who wrote (86)6/6/2017 8:51:12 AM
From: howestreetbull
   of 127
 
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 metres
  • CM-17-015: 33.40 g/t Au over 1.50 metres
  • CM-17-018: 12.58 g/t Au over 5.50 metres
  • CM-17-023: 10.94 g/t Au over 7.85 metres
  • CM-17-023: 12.43 g/t Au over 7.20 metres
  • CM-17-023: 5.22 g/t Au over 19.55 metres
  • CM-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


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    To: howestreetbull who wrote (87)6/21/2017 8:42:53 AM
    From: howestreetbull
       of 127
     
    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 metres
  • CM-17-025: 17.55 g/t Au over 6.20 metres
  • CM-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


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    To: howestreetbull who wrote (88)7/5/2017 8:27:00 AM
    From: howestreetbull
       of 127
     
    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.



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    From: howestreetbull7/28/2017 9:02:43 AM
       of 127
     
    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 metres
  • IM-17-109: 12.19 g/t Au over 5.55 metres
  • IM-17-111: 15.94 g/t Au over 3.00 metres
  • IM-17-113: 29.95 g/t Au over 8.85 metres
  • IM-17-115: 10.14 g/t Au over 4.00 metres
  • IM-17-116: 11.68 g/t Au over 3.00 metres
  • IM-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


    Share RecommendKeepReplyMark as Last Read


    From: howestreetbull8/9/2017 9:26:30 AM
       of 127
     
    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

    Share RecommendKeepReplyMark as Last Read


    From: howestreetbull8/29/2017 8:16:21 AM
       of 127
     
    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


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    From: howestreetbull8/30/2017 9:23:38 AM
       of 127
     
    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.

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    From: howestreetbull9/4/2017 10:18:36 AM
       of 127
     
    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.

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    View original content: newswire.ca

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    GOLD

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