Barkerville Gold Intersects 30.16 G/t Gold Over 2.80 Meters and 11.77 G/t Gold Over 5.00 Meters

2019-01-23 / @newswire

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

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

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

Selected Drilling Highlights:

CM-18-201: 30.16 g/t Au over 2.8 meters
CM-18-206: 12.26 g/t Au over 7.60 meters including 97.8 g/t Au over 0.80 meters
CM-18-211: 105 g/t Au over 0.50 meters
CM-18-220: 7.24 g/t Au over 5.50 meters
CM-18-222: 11.77 g/t Au over 5.00 meters
CM-18-222: 11.08 g/t Au over 6.00 meters
CM-18-227: 46.49 g/t Au over 1.95 meters
CM-18-231: 18.79 g/t Au over 3.95 meters

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

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

Barkerville Gold Mines Ltd. 3D Deposit Model

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

Qualified Persons

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

Quality Assurance – Quality Control

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

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

About Barkerville Gold Mines Ltd.

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

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

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

Cow Mounatin Cross Section (CNW Group/Barkerville Gold Mines Ltd.)

Modelled Vein Cirridor Zones (CNW Group/Barkerville Gold Mines Ltd.)

Table 1: Length Weighted Gold Composites from Cow Mountain


HOLE ID		FROM	TO	LENGTH (M)	AU (G/T)
CM-18-201		15.55	16.55	1.00	24.50
		46.65	47.25	0.60	61.60
		56.75	57.25	0.50	98.50
		117.50	120.30	2.80	30.16
	Including	117.50	118.85	1.35	7.18
	And	119.40	120.30	0.90	83.00
		127.50	128.15	0.65	5.56
		188.20	188.75	0.55	34.30
CM-18-202		27.65	28.15	0.50	11.75
		39.65	43.45	3.80	7.42
	Including	39.65	40.15	0.50	12.25
	And	40.15	40.65	0.50	22.50
	And	42.65	43.45	0.80	8.91
		48.55	49.05	0.50	44.90
		64.10	69.00	4.90	5.80
	Including	64.60	65.15	0.55	15.55
	And	65.15	65.90	0.75	15.70
		79.25	79.80	0.55	5.85
		187.50	188.00	0.50	12.00
CM-18-203		109.50	110.00	0.50	14.50
		161.80	162.80	1.00	16.95
		212.70	214.25	1.55	4.82
	Including	212.70	213.45	0.75	7.97
CM-18-204		42.00	42.80	0.80	3.76
CM-18-205		203.00	203.50	0.50	6.67
		225.50	226.00	0.50	3.62
CM-18-206		69.95	70.45	0.50	4.23
		77.50	78.00	0.50	8.77
		214.00	221.60	7.60	12.26
	Including	214.00	214.50	0.50	5.72
	And	215.70	216.55	0.85	5.44
	And	217.80	218.30	0.50	10.05
	And	220.80	221.60	0.80	97.80
		240.00	240.50	0.50	4.07
CM-18-207		62.65	63.25	0.60	11.50
		92.65	94.30	1.65	24.11
	Including	92.65	93.25	0.60	58.30
CM-18-208		74.10	75.70	1.60	4.47
	Including	75.20	75.70	0.50	11.10
		101.15	101.75	0.60	5.68
CM-18-209		126.10	127.00	0.90	9.35
		152.70	154.00	1.30	3.78
		176.00	176.70	0.70	14.05
CM-18-210		33.70	34.75	1.05	3.62
		88.00	90.35	2.35	7.68
	Including	88.00	88.50	0.50	16.50
	And	89.65	90.35	0.70	13.55
		112.25	115.65	3.40	5.55
	Including	112.25	112.90	0.65	17.05
CM-18-211		47.25	50.60	3.35	16.97
	Including	47.25	47.75	0.50	11.85
	And	47.75	48.35	0.60	67.30
	And	50.10	50.60	0.50	20.80
		56.30	56.85	0.55	6.68
		59.70	60.20	0.50	14.40
		69.20	69.70	0.50	5.09
		119.80	120.30	0.50	105.00
		139.40	140.30	0.90	7.89
		146.05	148.05	2.00	14.39
	Including	146.90	147.55	0.65	43.30
		165.20	166.35	1.15	9.99
		276.40	276.90	0.50	7.91
CM-18-212		51.80	52.30	0.50	35.10
CM-18-213		121.00	126.20	5.20	6.08
	Including	124.25	124.75	0.50	58.50
		134.70	136.00	1.30	5.03
CM-18-214		82.25	82.75	0.50	18.80
		211.80	215.35	3.55	7.18
	Including	211.80	212.30	0.50	9.56
	And	212.30	213.00	0.70	14.40
	And	213.00	213.80	0.80	9.35
CM-18-215		17.30	18.00	0.70	56.10
		91.05	92.20	1.15	7.76
		94.20	94.90	0.70	7.13
		109.85	110.70	0.85	9.10
CM-18-216		22.80	25.70	2.90	5.88
	Including	22.80	23.45	0.65	12.05
	And	25.00	25.70	0.70	12.80
		43.75	46.95	3.20	5.36
	Including	43.75	44.25	0.50	16.50
	And	46.00	46.95	0.95	9.21
		64.30	64.80	0.50	4.29
		71.30	71.95	0.65	4.29
		76.90	77.60	0.70	4.52
		90.60	92.50	1.90	6.97
	Including	90.60	91.50	0.90	11.65
		109.50	110.15	0.65	15.55
		114.95	116.50	1.55	9.87
	Including	114.95	115.55	0.60	17.80
	And	116.00	116.50	0.50	7.82
		135.90	136.50	0.60	8.48
		159.10	159.70	0.60	5.00
CM-18-217		15.00	16.10	1.10	9.99
		43.00	44.50	1.50	20.70
		119.65	120.15	0.50	4.03
		261.90	262.45	0.55	7.53
		290.85	291.40	0.55	12.95
		316.20	316.85	0.65	8.74
		347.65	349.35	1.70	8.45
CM-18-218		51.15	51.85	0.70	8.48
		76.70	78.30	1.60	5.04
	Including	76.70	77.20	0.50	11.75
CM-18-219	No Significant Assays
CM-18-220		17.50	18.90	1.40	13.75
		82.70	83.50	0.80	10.25
		87.00	92.50	5.50	7.24
	Including	87.00	88.10	1.10	26.20
	And	91.00	92.50	1.50	5.28
CM-18-221		18.90	19.70	0.80	4.60
		67.35	68.60	1.25	11.55
CM-18-222		29.00	34.00	5.00	11.77
	Including	29.00	30.00	1.00	50.20
	And	33.50	34.00	0.50	11.10
		90.40	96.40	6.00	11.08
	Including	90.40	91.20	0.80	12.50
	And	95.70	96.40	0.70	77.30
CM-18-223	No Significant Assays
CM-18-224		22.40	23.00	0.60	5.37
		76.50	77.00	0.50	15.90
		83.70	84.70	1.00	4.74
		87.40	88.30	0.90	21.10
CM-18-225	No Significant Assays
CM-18-226		34.15	35.15	1.00	29.10
		93.15	94.10	0.95	10.65
		110.00	111.10	1.10	4.58
CM-18-227		40.10	42.05	1.95	46.49
	Including	40.10	40.90	0.80	65.60
	And	41.40	42.05	0.65	58.70
CM-18-228		78.20	78.80	0.60	10.90
		143.80	144.90	1.10	6.27
		147.50	148.00	0.50	5.78
		208.50	209.00	0.50	4.91
CM-18-229		126.00	126.70	0.70	23.30
		136.80	140.90	4.10	6.63
	Including	139.40	140.90	1.50	15.90
		147.00	149.60	2.60	5.82
	Including	148.15	149.00	0.85	11.75
		154.50	155.85	1.35	6.69
CM-18-230		104.95	105.50	0.55	27.90
		150.90	151.70	0.80	14.90
		212.65	213.50	0.85	36.50
		221.30	225.00	3.70	6.35
	Including	221.30	222.00	0.70	4.12
	And	223.90	225.00	1.10	18.40
CM-18-231		30.30	31.00	0.70	6.66
		47.10	49.50	2.40	13.80
	Including	47.10	47.60	0.50	22.90
	And	49.00	49.50	0.50	35.70
		61.75	65.70	3.95	18.79
	Including	64.90	65.70	0.80	89.20
		84.25	84.80	0.55	34.10
		169.50	170.20	0.70	6.63
		277.00	277.50	0.50	7.37

Table 2: Drillhole Collar Orientations:

HOLE ID	AZIMUTH	DIP
CM-18-201	309	-49
CM-18-202	142	-46
CM-18-203	141	-65
CM-18-204	140	-45
CM-18-205	310	-45
CM-18-206	139	-45
CM-18-207	140	-60
CM-18-208	136	-59
CM-18-209	310	-60
CM-18-210	296	-45
CM-18-211	142	-53
CM-18-212	139	-50
CM-18-213	131	-56
CM-18-214	155	-52
CM-18-215	289	-58
CM-18-216	130	-60
CM-18-217	136	-50
CM-18-218	289	-45
CM-18-219	116	-45
CM-18-220	290	-65
CM-18-221	304	-44
CM-18-222	140	-63
CM-18-223	113	-54
CM-18-224	300	-51
CM-18-225	140	-49
CM-18-226	145	-55
CM-18-227	139	-54
CM-18-228	146	-61
CM-18-229	120	-52
CM-18-230	139	-60
CM-18-231	150	-50

Cow Mountain Drilling Plan Map (CNW Group/Barkerville Gold Mines Ltd.)

SOURCE Barkerville Gold Mines Ltd.

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