Mr. Chris Lodder reports
BGM INTERSECTS 12.43 G/T AU OVER 7.20 METRES AT VALLEY ZONE
Barkerville Gold Mines Ltd. has released additional drilling results from the continuing 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 are presented in the table.
Drilling highlights
CM-17-015: 25.21 grams per tonne gold 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. Drill hole 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, drill hole 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, PGeo. As per National Instrument 43-101, Paul Geddes, PGeo, 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 Canadian Institute of Mining, Metallurgy and Petroleum 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, B.C.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 quality assurance/quality control program was designed and approved by Lynda Bloom, PGeo, of Analytical Solutions Ltd., and is overseen by Mr. Geddes.
Drill core samples are submitted to ALS Geochemistry's analytical facility in North Vancouver, B.C., 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 are pulverized. Analysis for gold is by 50 g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 part per million and upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are reanalyzed using a 1,000 g screen metallic fire assay. A selected number of samples are also analyzed using a 48-multielemental geochemical package by a four-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, B.C. 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-per-day gold milling and tailings facility. An extensive drill program is currently under way with the goal of delineating additional high-grade gold mineralization.
LENGTH-WEIGHTED GOLD COMPOSITES FOR VALLEY ZONE DRILL HOLESHole From (m)To (m) Core length (m) Au (g/t)CM-17-01584.00 86.002.0025.21including84.50 86.001.5033.40CM-17-015 245.60246.150.5519.10CM-17-015 279.70280.600.9010.15CM-17-016 AbandonedCM-17-01785.65 86.150.5016.50CM-17-018 313.00313.500.50 7.24CM-17-018 327.00328.001.0059.20CM-17-018 460.30460.900.6012.60CM-17-018 467.30472.505.20 5.46including 467.30467.800.50 7.88and 470.90471.700.80 7.53and 471.70472.500.8021.60CM-17-018 480.00485.505.5012.58including 480.00480.500.5021.50and 480.50481.000.5018.25and 481.00481.600.6060.30and 484.50485.000.5017.15CM-17-018 491.00493.002.0011.57including 491.00492.001.00 6.53and 492.00493.001.0016.60CM-17-018 509.40510.000.6010.10CM-17-018 543.00545.002.0013.92CM-17-018 559.00563.004.00 8.16including 559.00559.500.5018.20and 560.00560.500.5029.70and 562.50563.000.50 8.02CM-17-019 AbandonedCM-17-020 AbandonedCM-17-021Assays pendingCM-17-02238.00 38.500.5023.60CM-17-023 125.85126.350.5068.50CM-17-023 322.80324.001.2011.70CM-17-023 369.05376.907.8510.94including 373.70374.450.75 9.34and 374.95375.650.7077.60and 376.40376.900.5037.80CM-17-023 417.80425.007.2012.43including 422.50423.150.65 7.68and 423.15423.650.50 158.00CM-17-023 443.80444.300.5011.75CM-17-023 483.90484.500.6015.35CM-17-023 485.50486.000.5021.80CM-17-023 493.50494.000.5012.65CM-17-023 499.20518.75 19.55 5.22including 499.20499.700.5028.80and 501.55502.150.6061.70and 509.30510.150.8514.80and 513.30513.950.6529.30and 518.25518.750.5017.90CM-17-024 117.30118.000.70 7.18CM-17-024 167.75176.809.05 7.20including 170.85171.350.50 101.00and 173.00173.800.80 8.66CM-17-024 324.80325.300.50 8.77CM-17-024 571.00571.650.6532.30CM-17-025Assays pendingCM-17-026 212.50213.000.50 7.41CM-17-026 252.85253.600.7521.70CM-17-026 275.20276.100.90 7.08CM-17-026 324.70325.500.8017.00CM-17-026 344.25350.005.75 8.36including 344.25345.000.7519.50and 345.00345.600.6025.80and 345.60346.200.60 9.50and 349.35350.000.6513.50CM-17-026 354.55355.400.85 7.86CM-17-026 380.15380.950.8013.30CM-17-026 509.00510.301.3011.50CM-17-028 162.55164.702.1517.61including 163.55164.200.6516.05and 164.20164.700.5013.80CM-17-028-1 178.90179.500.60 5.94CM-17-028-1 197.25198.150.90 5.44CM-17-028-2 255.80256.450.6520.90CM-17-028-2 260.70261.200.5048.80CM-17-028-2 261.85263.001.1521.40CM-17-028-2 271.30271.800.5016.80CM-17-028-2 271.80272.300.5019.40CM-17-028-2 274.35275.050.70 7.55* 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.
We seek Safe Harbor.
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