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BGM intersects 23.86 g/t Au over 6.65 meters at Shaft Zone 12.16 g/t Au over 13.30 meter intersected at depth

21.02.2018  |  CNW

TORONTO, Feb. 21, 2018 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling results from the 2017 Phase II Island Mountain exploration and infill drilling program at the Company's flagship Cariboo Gold Project. The Company is currently exploring and delineating the Shaft Zone with seven drill rigs. Detailed drilling results, a drill hole location plan map and vertical sections are presented at the end of this release. The exact geometry and hence true width of the mineralized zones cannot be assuredly concluded at this time therefore core lengths are reported.

Drilling Highlights

  • IM-17-201: 104.5 g/t Au over 1.00 meter
  • IM-17-215: 23.86 g/t Au over 6.65 meters
  • IM-17-215: 12.16 g/t Au over 13.30 meters
  • IM-17-226: 28.73 g/t Au over 4.45 meters
  • IM-17-231: 24.76 g/t Au over 5.10 meters

The Company is pleased to report new mineralization expansion from the ongoing drilling at Island Mountain. Phase II drillhole IM-17-201 intersected 104.5 g/t Au over 1.00 meters at a vertical depth of 10 meters from surface. This new intersection is 40 meters up dip from previously modelled vein corridor, therefore potentially extending this vein corridor near surface.  

IM-17-215 intersected 23.86 g/t over 6.65 meters at a vertical depth of 400 meters from surface and, further down hole, intersected 12.16 g/t Au over 13.30 meters at a vertical depth of 570 meters from surface, demonstrating wide corridors at depth. IM-17-215 represents one of the deepest intercepts to date, drilling at these depths are widely spaced and untested at depth. Additional drilling is warranted to expand this mineralization.

Shaft Zone - Corridors Discussion

Mineralized quartz veins at the Shaft Zone on Island Mountain 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 veins at Shaft Zone proposes 50 mineralized vein corridors with an estimated horizontal width of 3 meters and a strike length of up to 300 meters. These corridors, as well as others that are developing in the Shaft and Valley Zones have been defined from surface to a vertical depth of 600 meters and remain open for expansion to depth and down plunge. Drillhole spacing in the corridors currently averages 25 meters between drilling sections with vertical drilling separations ranging from 20 to 75 meters with hole spacing increasing at depth. 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 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 1,950 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 Phase II drillholes

HOLE-ID

FROM (M)

TO (M)

CORE LENGTH (M)

AU (G/T)

IM-17-201

11.00

12.00

1.00

104.50

IM-17-201

77.50

78.95

1.45

5.00

INCLUDING

78.38

78.95

0.57

8.11

IM-17-201

115.80

118.10

2.30

9.19

INCLUDING

117.00

118.10

1.10

13.50

IM-17-201

144.00

144.50

0.50

25.60

IM-17-201

150.50

151.50

1.00

4.59

IM-17-201

213.00

215.35

2.35

14.22

INCLUDING

213.00

214.17

1.17

25.40

IM-17-201

258.60

263.60

5.00

5.38

INCLUDING

262.25

263.60

1.35

10.30

IM-17-201

271.85

273.60

1.75

4.22

IM-17-201

297.00

297.80

0.80

20.70

IM-17-201

312.55

319.20

6.65

3.84

INCLUDING

312.55

313.50

0.95

13.35

IM-17-201

351.30

352.80

1.50

35.58

INCLUDING

352.10

352.80

0.70

54.30

IM-17-204

112.00

112.65

0.65

8.31

IM-17-204

325.00

327.20

2.20

9.05

IM-17-204

326.70

327.20

0.50

15.75

IM-17-204

338.60

339.30

0.70

20.20

IM-17-204

344.25

345.15

0.90

16.65

IM-17-204

380.00

383.10

3.10

3.10

INCLUDING

381.95

382.60

0.65

12.40

IM-17-204

428.45

430.15

1.70

10.17

INCLUDING

429.55

430.15

0.60

12.25

IM-17-209

137.15

138.25

1.10

4.59

INCLUDING

137.70

138.25

0.55

5.57

IM-17-209

230.25

231.00

0.75

75.70

IM-17-209

254.05

254.55

0.50

21.60

IM-17-209

269.45

270.50

1.05

4.48

IM-17-209

276.40

278.25

1.85

11.80

IM-17-209

382.50

383.20

0.70

8.25

IM-17-213

98.10

98.75

0.65

34.30

IM-17-213

144.25

145.10

0.85

5.28

IM-17-213

189.20

190.15

0.95

14.40

IM-17-213

194.20

194.70

0.50

18.15

IM-17-213

370.15

371.45

1.30

27.70

INCLUDING

370.80

371.45

0.65

42.80

IM-17-213

529.40

529.90

0.50

58.30

IM-17-213

543.85

544.70

0.85

5.54

IM-17-213

568.30

569.10

0.80

8.94

IM-17-213

574.45

575.60

1.15

9.98

IM-17-213

589.70

591.10

1.40

5.15

INCLUDING

589.70

590.60

0.90

6.52

IM-17-213

597.35

597.85

0.50

28.90

IM-17-213

613.50

614.00

0.50

5.73

IM-17-213

619.25

619.80

0.55

5.09

IM-17-213

623.85

625.10

1.25

9.25

INCLUDING

623.85

624.60

0.75

14.60

IM-17-215

286.30

288.15

1.85

6.36

INCLUDING

287.20

288.15

0.95

10.65

IM-17-215

459.00

463.25

4.25

11.07

INCLUDING

459.60

460.60

1.00

41.90

IM-17-215

485.00

492.35

7.35

4.00

INCLUDING

491.75

492.35

0.60

32.80

IM-17-215

507.00

513.65

6.65

23.86

INCLUDING

507.00

508.30

1.30

98.10

AND

510.80

512.00

1.20

10.80

AND

512.50

513.65

1.15

10.95

IM-17-215

523.00

523.50

0.50

10.90

IM-17-215

532.80

533.45

0.65

4.79

IM-17-215

560.80

564.10

3.30

6.77

INCLUDING

560.80

561.70

0.90

7.51

AND

563.40

564.10

0.70

20.50

IM-17-215

578.50

579.30

0.80

13.15

IM-17-215

610.55

611.60

1.05

9.49

IM-17-215

656.50

658.55

2.05

9.55

INCLUDING

656.50

657.60

1.10

16.00

IM-17-215

665.70

670.15

4.45

4.55

INCLUDING

665.70

666.60

0.90

6.40

AND

668.50

669.10

0.60

18.20

IM-17-215

682.50

683.30

0.80

5.65

IM-17-215

736.80

738.65

1.85

23.48

INCLUDING

736.80

737.45

0.65

60.20

AND

737.45

738.10

0.65

5.21

IM-17-215

757.20

770.50

13.30

12.16

INCLUDING

758.00

758.65

0.65

38.90

AND

758.65

759.55

0.90

24.40

AND

765.70

767.00

1.30

35.60

AND

770.00

770.50

0.50

36.30

IM-17-216

287.00

287.50

0.50

6.07

IM-17-216

380.80

381.60

0.80

17.50

IM-17-216

556.00

557.00

1.00

44.50

IM-17-216

587.50

590.10

2.60

9.86

INCLUDING

587.50

588.00

0.50

13.75

AND

588.50

589.10

0.60

15.00

IM-17-216

639.50

640.00

0.50

11.30

IM-17-216

660.90

661.60

0.70

10.50

IM-17-216

713.90

715.30

1.40

3.24

IM-17-218

167.80

170.00

2.20

10.03

INCLUDING

167.80

168.30

0.50

6.82

AND

168.80

170.00

1.20

15.10

IM-17-218

172.40

173.30

0.90

51.20

IM-17-218

224.70

225.50

0.80

6.56

IM-17-218

335.10

336.20

1.10

23.20

IM-17-218

375.30

378.70

3.40

6.65

INCLUDING

376.35

377.20

0.85

14.60

IM-17-218

438.80

439.30

0.50

58.90

IM-17-218

487.00

487.50

0.50

12.50

IM-17-221

117.50

121.40

3.90

16.14

INCLUDING

117.50

119.00

1.50

20.70

AND

119.00

120.10

1.10

29.00

AND

120.80

121.40

0.60

11.50

IM-17-221

253.60

260.90

7.30

5.39

INCLUDING

253.60

254.25

0.65

13.10

AND

254.25

254.75

0.50

7.82

AND

257.40

258.10

0.70

7.25

AND

260.00

260.90

0.90

18.65

IM-17-225

138.45

139.00

0.55

11.40

IM-17-225

211.65

212.15

0.50

48.80

IM-17-225

232.60

233.10

0.50

6.53

IM-17-226

30.40

34.85

4.45

28.73

INCLUDING

30.40

31.40

1.00

22.20

AND

31.40

32.10

0.70

70.50

AND

32.80

33.30

0.50

18.05

AND

33.30

34.15

0.85

53.20

IM-17-226

248.60

249.30

0.70

5.00

IM-17-227

92.90

94.60

1.70

13.61

INCLUDING

92.90

93.45

0.55

11.00

AND

94.00

94.60

0.60

28.10

IM-17-227

99.00

100.50

1.50

8.41

IM-17-227

154.35

155.45

1.10

9.15

IM-17-227

194.50

195.90

1.40

7.59

IM-17-227

219.50

220.10

0.60

11.30

IM-17-227

270.40

273.00

2.60

3.05

INCLUDING

271.80

273.00

1.20

4.96

IM-17-227

291.70

293.40

1.70

4.84

IM-17-228

58.40

63.70

5.30

4.17

INCLUDING

58.40

59.70

1.30

7.60

AND

60.40

61.10

0.70

9.04

IM-17-228

275.00

276.50

1.50

7.04

IM-17-229

HOLE ABANDONED

IM-17-230

79.10

79.60

0.50

9.45

IM-17-230

188.75

189.25

0.50

12.80

IM-17-230

233.00

233.50

0.50

44.50

IM-17-230

239.30

239.80

0.50

5.77

IM-17-230

247.80

252.10

4.30

5.22

INCLUDING

250.60

252.10

1.50

10.25

IM-17-230

312.00

313.15

1.15

11.35

IM-17-230

366.50

369.75

3.25

5.73

INCLUDING

366.50

367.00

0.50

33.80

IM-17-230

379.25

379.75

0.50

5.85

IM-17-231

32.80

37.90

5.10

24.76

INCLUDING

33.70

34.70

1.00

49.90

AND

34.70

35.75

1.05

61.30

IM-17-232

33.15

34.95

1.80

24.62

INCLUDING

33.70

34.20

0.50

60.40

IM-17-232

124.50

126.00

1.50

4.07

IM-17-232

243.00

243.50

0.50

27.40

IM-17-233

65.80

67.00

1.20

11.95

IM-17-233

137.00

138.00

1.00

11.65

IM-17-233

162.90

163.40

0.50

12.55

IM-17-233

259.50

260.25

0.75

9.09

IM-17-233

263.00

264.00

1.00

10.30

IM-17-233

323.00

325.00

2.00

6.01

INCLUDING

323.00

323.65

0.65

4.16

AND

324.40

325.00

0.60

14.80

IM-17-234

9.50

10.50

1.00

7.79

IM-17-234

176.65

178.65

2.00

3.72

INCLUDING

176.65

177.15

0.50

9.03

IM-17-234

292.85

293.90

1.05

16.40

IM-17-234

313.50

314.00

0.50

14.55

IM-17-235

114.75

115.80

1.05

4.98

IM-17-235

286.00

289.00

3.00

15.43

INCLUDING

286.00

287.00

1.00

41.60

IM-17-236

HOLE ABANDONED

IM-17-237

HOLE ABANDONED

IM-17-238

50.10

50.60

0.50

79.40

IM-17-238

132.60

133.10

0.50

18.00

IM-17-238

148.90

149.50

0.60

65.10

 

True widths cannot be accurately determined from the information available therefore core lengths are reported. 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

DIP

AZIMUTH

IM-17-201

-65.5

139.4

IM-17-204

-46.4

135.6

IM-17-209

-44.3

139.3

IM-17-213

-64.4

137.3

IM-17-215

-45.7

135.4

IM-17-216

-64.9

138.0

IM-17-218

-57.5

142.5

IM-17-221

-45.0

135.4

IM-17-225

-43.7

143.3

IM-17-226

-63.5

143.7

IM-17-227

-43.8

137.6

IM-17-228

-65.5

137.0

IM-17-229

-57.7

133.9

IM-17-230

-46.8

138.4

IM-17-231

-46.1

138.7

IM-17-232

-64.8

139.0

IM-17-233

-45.8

143.4

IM-17-234

-44.8

135.0

IM-17-235

-58.6

136.0

IM-17-238

-44.8

142.1

 

SOURCE Barkerville Gold Mines Ltd.



Contact
on Barkerville Gold Mines Ltd. please contact: Chris Lodder, President & Chief Executive Officer, 155 University Avenue, Suite 1440, Toronto, Ontario, Canada, clodder@barkervillegold.com
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