Cow Mountain Drilling Intersects High Grade Gold Mineralization

2018-09-27 / @newswire

 

10.70 G/T GOLD OVER 5.85 METERS AND 26.33 G/T GOLD OVER 4.00 METERS

TORONTO, Sept. 27, 2018 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce drilling results from the ongoing 2018 Cow Mountain exploration and category conversion program at the Company's flagship Cariboo Gold Project. The drilling results demonstrate continuity of high grade gold mineralization within vein corridors. The Company is currently exploring and delineating high grade vein corridors with four diamond drills on Cow Mountain.

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

Selected Drilling Highlights:

  • CM-18-005: 28.98 g/t Au over 1.90 meters (visible gold was observed)
  • CM-18-006: 12.47 g/t Au over 5.35 meters
  • CM-18-007: 30.62 g/t Au over 1.80 meters (visible gold was observed)
  • CM-18-007: 76.90 g/t Au over 0.70 meters
  • CM-18-010: 10.70 g/t Au over 5.85 meters
  • CM-18-012: 24.69 g/t Au over 3.15 meters (visible gold was observed)
  • CM-18-013: 23.18 g/t Au over 3.70 meters
  • CM-18-017: 20.41 g/t Au over 2.95 meters
  • CM-18-018: 109.05 g/t Au over 1.20 meters (visible gold was observed)
  • CM-18-024: 26.33 g/t Au over 4.00 meters
  • CM-18-029: 160.50 g/t Au over 0.85 meters (visible gold was observed)
  • CM-18-029: 39.81 g/t Au over 2.10 meters
  • CM-18-039: 377.00 g/t Au over 0.50 meters
  • CM-18-040: 66.40 g/t Au over 1.30 meters
  • CM-18-043: 19.73 g/t Au over 3.05 meters
  • CM-18-045: 13.07 g/t Au over 5.05 meters
  • CM-18-049: 24.40 g/t Au over 2.20 meters

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

Qualified Persons

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

Quality Assurance – Quality Control

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

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

About Barkerville Gold Mines Ltd.

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

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

Table 1: Length weighted gold composites from Cow Mountain







HOLD ID


FROM

TO

CORE
LENGTH (M)

AU (G/T)

CM-18-001


187.50

190.00

2.50

3.31


Including

187.50

188.10

0.60

11.55



194.00

196.50

2.50

5.35


Including

194.00

195.00

1.00

10.50



336.40

338.50

2.10

3.54


Including

336.40

337.00

0.60

5.57

CM-18-002

No Significant Assays





CM-18-003


40.00

42.00

2.00

7.43


Including

41.50

42.00

0.50

26.30



91.00

91.50

0.50

6.31

CM-18-004

No Significant Assays





CM-18-005


60.00

61.90

1.90

28.98


Including

60.00

60.60

0.60

41.40


And

60.60

61.15

0.55

51.20



71.00

72.65

1.65

7.10


Including

72.00

72.65

0.65

14.20



83.25

83.90

0.65

5.62



129.50

131.00

1.50

4.59



134.90

135.40

0.50

17.15



176.50

177.00

0.50

6.33

CM-18-006


140.25

141.25

1.00

7.99



164.60

167.00

2.40

4.57


Including

164.60

165.10

0.50

12.95



199.85

200.35

0.50

5.91



204.75

206.60

1.85

11.34


Including

204.75

205.70

0.95

16.65



243.00

248.35

5.35

12.47


Including

243.00

244.20

1.20

48.80


And

247.70

248.35

0.65

8.44

CM-18-007


128.20

130.00

1.80

30.62


Including

128.20

128.75

0.55

51.70


And

129.50

130.00

0.50

53.30



134.40

135.10

0.70

76.90



137.80

138.40

0.60

4.76



141.80

142.40

0.60

7.97

CM-18-008


176.50

177.10

0.60

34.20



224.60

225.25

0.65

4.31



225.90

226.85

0.95

7.61



257.00

258.20

1.20

4.49



310.20

310.80

0.60

5.79

CM-18-009


11.50

12.00

0.50

7.51



52.50

53.00

0.50

4.21



75.20

77.35

2.15

6.71


Including

75.20

75.90

0.70

14.10


And

76.70

77.35

0.65

6.89

CM-18-010


26.55

27.40

0.85

8.15



30.30

31.00

0.70

4.49



40.70

42.40

1.70

8.64


Including

40.70

41.40

0.70

15.80



44.70

50.55

5.85

10.70


Including

44.70

45.40

0.70

42.80


And

46.50

47.00

0.50

6.32


And

47.60

48.60

1.00

7.02


And

49.50

50.55

1.05

19.25



51.30

51.90

0.60

3.41



52.50

53.00

0.50

9.62

CM-18-011


81.75

82.60

0.85

38.50



192.00

192.50

0.50

3.55



195.90

197.00

1.10

5.69



348.90

349.50

0.60

7.60

CM-18-012


102.00

102.50

0.50

4.31



105.85

106.35

0.50

4.58



109.45

111.60

2.15

8.49


Including

105.85

106.35

0.50

4.58


And

110.70

111.60

0.90

6.14



113.75

116.90

3.15

24.69


Including

113.75

114.25

0.50

15.70


And

114.25

114.90

0.65

15.85


And

114.90

115.60

0.70

60.60


And

116.40

116.90

0.50

32.00



122.75

129.75

7.00

5.49


Including

122.75

123.40

0.65

8.20


And

123.40

124.30

0.90

26.70


And

129.15

129.75

0.60

6.71

CM-18-013


56.70

60.40

3.70

23.18


Including

56.70

57.20

0.50

45.10


And

57.80

58.30

0.50

52.20


And

59.90

60.40

0.50

71.50



75.80

76.30

0.50

10.20



90.60

91.10

0.50

63.80



123.50

124.00

0.50

26.80



133.00

133.50

0.50

15.15

CM-18-014


44.70

45.20

0.50

6.28



138.50

139.00

0.50

56.00



180.95

182.00

1.05

4.69



200.50

202.10

1.60

8.22

CM-18-015


122.50

123.50

1.00

5.11



189.60

190.10

0.50

10.50



226.60

227.50

0.90

15.45

CM-18-016


49.10

50.00

0.90

5.15



74.00

76.50

2.50

7.84


Including

74.50

75.10

0.60

29.70



90.00

90.70

0.70

7.95



98.40

99.00

0.60

8.65



100.70

101.20

0.50

11.15

CM-18-017


17.75

18.25

0.50

9.23



145.95

148.90

2.95

20.41


Including

145.95

146.80

0.85

21.80


And

147.40

148.90

1.50

27.70



165.50

166.65

1.15

22.21



166.15

166.65

0.50

36.40

CM-18-018


117.70

118.20

0.50

10.40



126.10

130.20

4.10

4.61



126.10

126.70

0.60

19.65



127.60

128.10

0.50

8.98



188.25

189.45

1.20

109.05


Including

188.25

188.85

0.60

21.10


And

188.85

189.45

0.60

197.00



240.20

240.85

0.65

7.29



242.70

243.80

1.10

6.42



250.35

251.30

0.95

8.81

CM-18-019


24.70

25.20

0.50

9.74



101.00

102.00

1.00

22.90



111.00

113.00

2.00

9.03



111.90

112.50

0.60

27.00



168.70

169.30

0.60

12.05



185.00

186.00

1.00

17.90



202.30

202.80

0.50

4.91

CM-18-020


122.00

122.50

0.50

24.80

CM-18-021


159.40

160.00

0.60

5.13



179.20

179.70

0.50

12.50



302.90

304.05

1.15

4.73

CM-18-022


28.90

29.60

0.70

15.80



75.70

76.20

0.50

12.30



128.50

133.00

4.50

4.18


Including

132.20

133.00

0.80

9.33



146.50

147.00

0.50

4.34



210.60

211.10

0.50

14.80

CM-18-023


189.50

190.00

0.50

20.60



198.40

199.00

0.60

10.70



206.60

207.10

0.50

15.45

CM-18-024


73.50

76.95

3.45

11.17


Including

73.50

75.00

1.50

7.98


And

76.00

76.95

0.95

27.50



119.00

123.00

4.00

26.33


Including

119.00

119.50

0.50

5.43


And

119.50

120.00

0.50

14.20


And

120.00

121.00

1.00

86.00


And

121.00

121.70

0.70

6.11


And

121.70

122.30

0.60

1.46


And

122.30

123.00

0.70

6.24



157.20

157.70

0.50

4.28

CM-18-025

No Significant Assays





CM-18-026


93.60

94.10

0.50

12.35



147.00

147.60

0.60

14.70



189.00

189.50

0.50

6.49



197.00

198.00

1.00

5.71



218.50

219.00

0.50

26.80



251.80

252.50

0.70

5.48



310.00

310.60

0.60

7.42

CM-18-027

Hole Abandoned





CM-18-028


144.00

145.50

1.50

21.50



166.00

166.50

0.50

21.00



179.70

180.80

1.10

16.65


Including

180.20

180.80

0.60

28.30



210.70

211.80

1.10

23.40



216.25

217.25

1.00

4.56



253.70

254.85

1.15

6.65



256.90

257.40

0.50

19.60



271.50

272.00

0.50

8.92

CM-18-029


21.75

22.25

0.50

17.80



26.95

27.45

0.50

80.60



64.15

65.15

1.00

42.50



97.50

98.00

0.50

6.67



128.85

129.70

0.85

13.90



186.15

186.65

0.50

4.11



219.00

219.85

0.85

160.50



230.25

231.00

0.75

4.00



251.00

253.10

2.10

39.81


Including

251.00

251.50

0.50

89.00


And

252.50

253.10

0.60

65.00



266.30

269.20

2.90

3.73


Including

268.05

269.20

1.15

7.35



322.10

322.60

0.50

4.78

CM-18-030


193.00

194.50

1.50

4.15



249.30

250.25

0.95

6.14



275.05

275.55

0.50

5.34



320.12

320.62

0.50

59.50



340.00

340.85

0.85

21.00



357.50

358.30

0.80

4.78



374.25

375.12

0.87

4.67

CM-18-031


59.90

60.40

0.50

4.90



75.00

75.60

0.60

4.77



138.00

139.00

1.00

18.05



173.50

175.50

2.00

6.70


Including

174.00

175.00

1.00

9.02



226.55

227.10

0.55

18.55

CM-18-032


39.50

40.00

0.50

5.56

CM-18-033


19.90

21.95

2.05

16.94



122.45

123.50

1.05

6.38


Including

122.45

123.00

0.55

8.89



315.55

316.20

0.65

11.00



320.65

322.35

1.70

6.52


Including

320.65

321.20

0.55

12.05



337.50

338.75

1.25

8.75



338.25

338.75

0.50

18.10



353.85

355.00

1.15

4.61

CM-18-034


161.50

164.20

2.70

9.33


Including

161.50

162.00

0.50

5.01


And

163.10

163.60

0.50

41.20



185.40

186.00

0.60

5.60

CM-18-035


70.00

70.50

0.50

7.67

CM-18-036


58.50

59.00

0.50

54.10



66.75

67.75

1.00

41.28


Including

66.75

67.25

0.50

76.50



71.00

71.75

0.75

4.46



88.30

89.00

0.70

4.80



143.00

143.50

0.50

26.00



145.35

145.85

0.50

84.20

CM-18-037


24.15

25.00

0.85

5.80



101.00

102.15

1.15

9.04



258.00

259.70

1.70

3.73



259.20

259.70

0.50

8.34



283.40

284.00

0.60

10.70

CM-18-038


26.00

26.70

0.70

18.80



121.10

122.20

1.10

9.70



129.70

130.40

0.70

10.25



136.30

137.00

0.70

10.15

CM-18-039


100.45

101.10

0.65

9.25



104.50

105.40

0.90

5.51



141.20

143.40

2.20

21.98


Including

141.20

141.70

0.50

47.50


And

142.25

142.75

0.50

32.30


And

142.75

143.40

0.65

12.65



145.70

146.50

0.80

4.98



191.70

192.50

0.80

6.96



195.00

195.50

0.50

377.00



198.50

200.00

1.50

6.26

CM-18-040


22.70

24.00

1.30

66.40



125.45

126.40

0.95

8.72



130.00

130.50

0.50

52.70



172.65

173.15

0.50

4.85

CM-18-041


135.00

135.50

0.50

5.72



209.00

209.50

0.50

7.24



248.00

248.70

0.70

9.14



279.00

280.15

1.15

8.17



282.15

282.65

0.50

4.09



306.00

307.20

1.20

14.95



317.50

318.00

0.50

40.10



368.00

368.50

0.50

19.15

CM-18-042


43.75

45.35

1.60

5.04


Including

44.85

45.35

0.50

10.50

CM-18-043


35.70

37.90

2.20

6.96


Including

35.70

36.40

0.70

14.90



55.80

58.85

3.05

19.73


Including

56.30

57.00

0.70

13.15


And

58.00

58.85

0.85

56.90



118.80

119.30

0.50

21.20

CM-18-044


31.15

31.75

0.60

8.33

CM-18-045


27.30

28.10

0.80

11.95



33.80

37.10

3.30

5.84


Including

36.45

37.10

0.65

15.15



68.00

73.05

5.05

13.07


Including

68.00

69.00

1.00

10.65


And

69.85

70.60

0.75

51.50


And

72.55

73.05

0.50

32.80



93.70

94.70

1.00

12.40

CM-18-046


77.40

77.90

0.50

27.50



84.50

85.00

0.50

28.30



90.90

91.50

0.60

5.29



94.70

96.70

2.00

14.88


Including

95.25

96.20

0.95

27.70



111.70

112.20

0.50

14.10



115.50

117.30

1.80

9.81


Including

115.50

116.50

1.00

11.80



219.85

221.50

1.65

24.60


Including

219.85

220.35

0.50

63.20


And

221.00

221.50

0.50

15.95

CM-18-047


152.70

153.20

0.50

27.70



183.30

183.90

0.60

5.46



188.50

189.10

0.60

8.35

CM-18-048


9.90

10.45

0.55

20.80



22.20

23.00

0.80

5.89



46.50

49.10

2.60

6.69


Including

46.50

47.00

0.50

13.55



65.70

66.20

0.50

19.30



76.96

77.96

1.00

14.50



86.70

87.90

1.20

6.93



214.15

216.15

2.00

17.31



280.35

281.10

0.75

7.14

CM-18-049


97.00

98.00

1.00

5.64



114.10

117.60

3.50

21.69


Including

114.10

114.60

0.50

101.00


And

115.10

115.60

0.50

18.35


And

116.10

116.60

0.50

10.10


And

117.10

117.60

0.50

17.20



157.30

158.30

1.00

5.64



168.30

168.90

0.60

52.20



194.50

195.00

0.50

4.64



213.55

215.75

2.20

24.40



230.30

231.25

0.95

16.75

CM-18-050

No Significant Assays





 

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

CM-18-001

137

-45

CM-18-002

117

-61

CM-18-003

123

-55

CM-18-004

117

-61

CM-18-005

126

-49

CM-18-006

123

-63

CM-18-007

126

-58

CM-18-008

126

-66

CM-18-009

127

-58

CM-18-010

122

-47

CM-18-011

129

-45

CM-18-012

128

-66

CM-18-013

128

-51

CM-18-014

126

-47

CM-18-015

121

-61

CM-18-016

116

-63

CM-18-017

128

-54

CM-18-018

127

-57

CM-18-019

133

-57

CM-18-020

111

-46

CM-18-021

118

-47

CM-18-022

142

-55

CM-18-023

128

-48

CM-18-024

154

-49

CM-18-025

120

-45

CM-18-026

137

-47

CM-18-027

123

-61

CM-18-028

115

-61

CM-18-029

115

-44

CM-18-030

111

-54

CM-18-031

131

-47

CM-18-032

133

-50

CM-18-033

125

-44

CM-18-034

138

-58

CM-18-035

334

-49

CM-18-036

150

-49

CM-18-037

127

-46

CM-18-038

142

-47

CM-18-039

114

-61

CM-18-040

120

-46

CM-18-041

137

-49

CM-18-042

137

-57

CM-18-043

150

-54

CM-18-044

131

-50

CM-18-045

141

-63

CM-18-046

132

-47

CM-18-047

120

-53

CM-18-048

117

-45

CM-18-049

116

-56

CM-18-050

323

-45

 

Cow Mountain Long Section (CNW Group/Barkerville Gold Mines Ltd.)

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

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

SOURCE Barkerville Gold Mines Ltd.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2018/27/c2526.html

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