Barkerville Gold Mines: Infill drilling confirms high-grade gold mineralization

2018-05-08 / @newswire

 

BGM INTERSECTS 12.54 G/T AU OVER 18.20 METERS ON ISLAND MOUNTAIN

TORONTO, May 8, 2018 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling results from the 50,000-meter 2018 Island Mountain exploration and delineation program at the Company's flagship Cariboo Gold Project.   Detailed drilling results, a drill hole location plan map and vertical sections are presented at the end of this release. The infill drilling results continue to demonstrate continuity and expansion of modelled vein corridors.

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

Drilling Highlights

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

Vein Zone Continuity on Island Mountain

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

Qualified Persons

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

Quality Assurance – Quality Control

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

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

About Barkerville Gold Mines Ltd.

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

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

Table 1: Length weighted gold composites from Island Mountain

HOLE ID


FROM

TO

CORE LENGTH (M)

AU (G/T)

IM-18-023


79.75

80.30

0.55

15.35



221.70

222.60

0.90

8.49



230.50

231.00

0.50

5.63



265.35

266.20

0.85

5.26



281.50

282.15

0.65

15.00



316.00

318.00

2.00

42.20


INCLUDING

317.00

318.00

1.00

58.00



352.75

354.50

1.75

54.51


INCLUDING

353.25

354.50

1.25

73.80



366.90

368.25

1.35

4.81



384.75

385.25

0.50

5.12



513.00

514.50

1.50

5.74



517.00

518.50

1.50

7.83

IM-18-023_1


354.00

354.80

0.80

20.20



368.95

370.50

1.55

4.65



394.70

395.30

0.60

10.10

IM-18-024

ABANDONED





IM-18-025


51.35

51.95

0.60

16.40



63.40

63.90

0.50

15.60



85.00

86.00

1.00

11.30



90.85

91.35

0.50

22.40



96.35

99.55

3.20

9.57


INCLUDING

97.15

98.65

1.50

13.05



112.80

114.30

1.50

61.40



194.20

194.90

0.70

5.24



240.15

240.65

0.50

4.92

IM-18-026


51.95

54.70

2.75

31.83


INCLUDING

53.40

54.10

0.70

51.20


AND

54.10

54.70

0.60

61.00



97.75

99.50

1.75

7.54


INCLUDING

97.75

99.00

1.25

9.43



134.00

136.75

2.75

9.44


INCLUDING

134.00

134.85

0.85

16.65


INCLUDING

134.85

135.40

0.55

15.25



153.65

154.15

0.50

10.45



214.20

214.75

0.55

68.90

IM-18-027


83.15

85.00

1.85

13.41


INCLUDING

83.15

83.65

0.50

18.80


AND

83.65

84.30

0.65

21.10



171.55

172.80

1.25

11.50


INCLUDING

172.25

172.80

0.55

19.40



171.55

172.80

1.25

11.50


INCLUDING

172.25

172.80

0.55

19.40



174.45

179.15

4.70

12.82


INCLUDING

174.95

175.55

0.60

18.35


AND

177.65

178.40

0.75

25.50


AND

178.40

179.15

0.75

15.50



181.60

185.35

3.75

5.21


INCLUDING

181.60

182.20

0.60

11.50


AND

184.30

184.85

0.55

13.15


AND

184.85

185.35

0.50

7.72



361.50

362.85

1.35

53.24



396.15

396.65

0.50

25.00



397.15

397.65

0.50

5.27



401.00

401.55

0.55

82.30



402.60

403.10

0.50

6.44



408.05

408.60

0.55

8.70

IM-18-028


163.30

164.20

0.90

7.03

IM-18-029


81.10

82.50

1.40

17.10

IM-18-030


28.50

29.40

0.90

15.40



33.70

34.25

0.55

16.90



152.00

152.60

0.60

5.87



225.80

226.30

0.50

4.76



303.00

303.75

0.75

5.66



305.80

306.30

0.50

17.40



344.35

345.10

0.75

9.66



350.30

350.80

0.50

6.11



389.50

390.70

1.20

15.01


INCLUDING

390.10

390.70

0.60

22.70

IM-18-031


34.00

34.90

0.90

5.68



83.15

83.70

0.55

30.10



88.15

90.00

1.85

17.81


INCLUDING

89.10

90.00

0.90

28.90

IM-18-032


66.00

66.50

0.50

9.13



87.80

88.30

0.50

4.62



112.50

113.25

0.75

47.20

IM-18-033


31.15

31.80

0.65

4.14



32.75

33.25

0.50

4.51



143.20

145.20

2.00

5.79



145.90

146.40

0.50

4.16



148.20

148.85

0.65

5.19



163.50

165.00

1.50

3.22



210.60

212.50

1.90

17.36


INCLUDING

210.60

211.25

0.65

29.50


AND

211.75

212.50

0.75

18.40



216.50

217.50

1.00

19.15


INCLUDING

217.00

217.50

0.50

26.90



266.85

267.35

0.50

13.05



337.00

338.15

1.15

15.25



428.75

430.95

2.20

12.71


INCLUDING

428.75

429.25

0.50

24.20



473.30

482.60

9.30

16.96


INCLUDING

473.30

474.00

0.70

16.05


AND

474.00

474.50

0.50

53.60


AND

476.00

476.65

0.65

57.90


AND

476.65

477.35

0.70

21.50


AND

479.50

480.00

0.50

18.15


AND

480.00

481.25

1.25

29.30


AND

482.00

482.60

0.60

14.65



492.50

493.00

0.50

5.08



497.00

497.50

0.50

5.67

IM-18-034


11.00

11.65

0.65

23.40



21.15

22.00

0.85

12.50



84.00

84.55

0.55

36.50



121.80

122.55

0.75

6.82



135.90

136.65

0.75

6.02



161.00

162.50

1.50

7.09


INCLUDING

162.00

162.50

0.50

9.60



165.50

166.30

0.80

8.99



242.65

243.30

0.65

11.90



244.20

245.50

1.30

21.39

IM-18-035


89.00

89.50

0.50

4.59



100.65

102.00

1.35

11.00



115.35

116.50

1.15

4.57

IM-18-036


125.60

126.10

0.50

9.45



220.15

220.80

0.65

16.80



297.80

299.00

1.20

3.77



327.50

328.85

1.35

11.57


INCLUDING

327.50

328.15

0.65

15.25



344.50

347.50

3.00

14.25



344.50

345.00

0.50

56.20



347.00

347.50

0.50

26.00



355.55

356.20

0.65

22.30



398.60

399.50

0.90

17.90



407.35

407.95

0.60

15.40



409.15

409.70

0.55

4.11



412.75

413.40

0.65

8.01



414.15

414.65

0.50

16.75

IM-18-037

ABANDONED



IM-18-038


61.90

64.10

2.20

34.04


INCLUDING

62.50

63.00

0.50

55.20



66.00

70.60

4.60

20.34


INCLUDING

67.00

68.30

1.30

30.20



77.80

78.70

0.90

13.00



81.80

100.00

18.20

12.54


INCLUDING

81.80

82.60

0.80

26.20


AND

84.20

85.00

0.80

34.60


AND

85.00

86.50

1.50

25.90


AND

91.00

92.50

1.50

15.80


AND

92.50

93.00

0.50

16.30


AND

96.00

97.00

1.00

13.75



102.00

103.00

1.00

11.15



104.00

104.60

0.60

5.90



116.05

117.80

1.75

15.96


INCLUDING

116.05

116.55

0.50

22.50



171.40

172.50

1.10

46.21


INCLUDING

171.40

172.00

0.60

80.60



218.70

219.20

0.50

11.60



223.75

224.25

0.50

91.90



226.30

239.00

12.70

4.22


INCLUDING

227.80

228.30

0.50

6.17


AND

229.55

230.30

0.75

29.00


AND

233.50

234.00

0.50

6.68


AND

237.35

238.00

0.65

8.28


AND

238.50

239.00

0.50

10.40



244.00

249.65

5.65

17.91


INCLUDING

244.00

245.00

1.00

10.70


AND

248.35

249.65

1.30

67.00

IM-18-039


50.50

51.30

0.80

31.50



54.85

60.70

5.85

22.87


INCLUDING

54.85

56.10

1.25

44.60


AND

59.00

60.00

1.00

61.50


AND

60.00

60.70

0.70

11.00



104.60

105.35

0.75

5.52



112.80

113.30

0.50

12.15



116.50

117.00

0.50

19.20



120.00

120.50

0.50

4.81



148.80

151.00

2.20

12.69


INCLUDING

149.50

151.00

1.50

16.65



192.40

193.30

0.90

4.52



222.15

222.80

0.65

5.00



244.70

247.65

2.95

7.53


INCLUDING

247.15

247.65

0.50

15.50



251.00

252.00

1.00

10.25



282.70

284.30

1.60

7.65


INCLUDING

283.60

284.30

0.70

10.05

IM-18-040


165.30

166.00

0.70

10.50



176.15

181.00

4.85

7.17


INCLUDING

176.15

176.80

0.65

4.58


AND

178.80

179.30

0.50

31.70


AND

180.50

181.00

0.50

9.02



305.00

305.75

0.75

19.30

IM-18-041


25.90

30.20

4.30

36.41


INCLUDING

25.90

26.50

0.60

31.00


AND

27.00

27.80

0.80

114.00


AND

27.80

28.45

0.65

40.90


AND

28.45

29.00

0.55

20.10



126.35

129.00

2.65

6.96


INCLUDING

126.35

127.00

0.65

16.15



159.25

160.75

1.50

19.20



165.50

166.00

0.50

16.20



217.50

218.20

0.70

4.09

IM-18-042


61.50

63.00

1.50

5.01



190.00

191.50

1.50

5.39

IM-18-043


23.50

24.00

0.50

14.70



24.60

25.15

0.55

5.65



188.50

189.00

0.50

40.20



193.40

194.15

0.75

17.65



197.95

198.50

0.55

6.66

IM-18-044


18.75

19.60

0.85

16.95



24.00

26.40

2.40

20.19


INCLUDING

24.00

25.25

1.25

27.40


AND

25.90

26.40

0.50

28.40



127.35

128.00

0.65

4.46



155.50

157.00

1.50

20.20



315.50

316.90

1.40

14.65



349.50

351.00

1.50

9.11



350.50

351.00

0.50

17.65

IM-18-045


65.25

66.00

0.75

6.44



227.65

228.55

0.90

48.60



270.95

271.55

0.60

7.71



273.35

273.85

0.50

11.90



278.35

279.00

0.65

32.30



284.20

284.70

0.50

9.08



305.50

306.00

0.50

13.70



322.60

323.45

0.85

7.53



368.00

372.00

4.00

5.22


INCLUDING

368.00

369.00

1.00

12.40


AND

371.00

372.00

1.00

6.86

IM-18-046


282.50

283.00

0.50

5.35



353.00

354.00

1.00

10.10



447.90

456.15

8.25

14.36


INCLUDING

447.90

449.00

1.10

11.05


AND

452.00

452.65

0.65

45.30


AND

453.85

455.00

1.15

13.25



460.75

461.70

0.95

10.40



474.00

475.00

1.00

11.10



496.00

500.35

4.35

27.41


INCLUDING

496.00

497.00

1.00

19.75


AND

497.50

498.75

1.25

51.10


AND

498.75

499.75

1.00

30.90



520.30

520.80

0.50

13.75



523.65

524.55

0.90

8.73



536.70

537.70

1.00

19.40

IM-18-047


138.80

139.75

0.95

9.49



213.15

213.65

0.50

5.34



267.30

268.05

0.75

12.90



269.10

269.65

0.55

12.60



408.60

409.70

1.10

10.30



421.50

428.50

7.00

11.68


INCLUDING

421.50

422.25

0.75

12.70


AND

422.80

423.60

0.80

29.80


AND

426.40

427.10

0.70

12.50


AND

427.85

428.50

0.65

47.40

 

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

Table 2: Drillhole Collar Orientations:

HOLE ID

AZIMUTH

DIP

IM-18-023

123

-65

IM-18-024

124

-64

IM-18-025

151

-50

IM-18-026

149

-60

IM-18-027

130

-58

IM-18-028

131

-53

IM-18-029

146

-60

IM-18-030

135

-44

IM-18-031

145

-59

IM-18-032

134

-45

IM-18-033

120

-65

IM-18-034

143

-57

IM-18-035

139

-58

IM-18-036

134

-54

IM-18-037

122

-65

IM-18-038

108

-44

IM-18-039

114

-53

IM-18-040

141

-51

IM-18-041

133

-50

IM-18-042

146

-44

IM-18-043

133

-47

IM-18-044

130

-63

IM-18-045

142

-45

IM-18-046

123

-67

IM-18-047

125

-55

 

Historic Underground Workings and Modelled Vein Zones (CNW Group/Barkerville Gold Mines Ltd.)

Island Mountain Drilling (CNW Group/Barkerville Gold Mines Ltd.)

Island Mountain Drilling Section (CNW Group/Barkerville Gold Mines Ltd.)

SOURCE Barkerville Gold Mines Ltd.

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