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To: howestreetbull who wrote (41866)4/4/2018 8:30:19 AM
From: howestreetbullRead Replies (1) | Respond to of 202701
 
BGM.v BGM Intersects 48.17 G/t Au Over 9.95 Meters on Island Mountain
by @newswire on April 4, 2018
VALLEY ZONE INTERSECTION OF 12.22 G/T AU OVER 11.40 METERS

TORONTO, April 4, 2018 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce final drilling results from the 160,000-meter 2017 Island Mountain and Valley Zone and exploration and drilling programs 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 exact geometry and hence true width of the mineralized zones cannot be assuredly concluded at this time therefore core lengths are reported. The company currently has 7 drill rigs exploring and delineating mineralized vein corridors on Island Mountain.

Drilling Highlights

  • IM-17-240: 28.99 g/t Au over 2.70 meters
  • IM-17-241: 8.25 g/t Au over 7.50 meters
  • IM-17-242: 8.30 g/t Au over 10.75 meters
  • IM-17-247: 13.09 g/t Au over 4.25 meters
  • IM-17-249: 48.17 g/t Au over 9.95 meters
  • IM-17-251: 33.22 g/t Au over 2.50 meters
  • IM-17-251: 9.15 g/t Au over 7.05 meters
  • CM-17-098: 11.09 g/t Au over 4.90 meters
  • CM-17-101: 13.45 g/t Au over 7.80 meters
  • CM-17-106: 12.22 g/t Au over 11.40 meters


  • Vein Zone Continuity on Island Mountain and Valley Zone

    Continuity and extensions of mineralized vein corridors on Island Mountain and in the Valley Zone is demonstrated from recent results. Island Mountain Shaft Zone hole IM-17-249 intersected 48.17 g/t Au over 9.95 meters, 45 meters down dip from previous reported hole IM-17-151 which assayed 72.23 g/t Au over 12.05 meters. Valley Zone hole CM-17-106 intersected 12.22 g/t Au over 11.40 meters, 40 meters down dip of a modelled vein corridor and 40 meters up dip from previously reported hole CM-17-096 which intersected 12.50 g/t Au over 8.00 meters and 11.74 g/t Au over 5.15 meters further down hole.

    Corridors Discussion

    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 50 mineralized vein corridors at Shaft Zone and 17 mineralized vein corridors at Valley Zone. 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. Drill hole 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 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 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 from Island Mountain and Valley Zone

    HOLE ID


    FROM

    TO

    CORE LENGTH (M)

    AU (G/T)

    IM-17-239


    111.35

    111.85

    0.50

    5.78



    138.35

    138.85

    0.50

    27.10

    IM-17-240


    7.30

    7.80

    0.50

    11.25



    24.90

    27.20

    2.30

    5.81



    259.75

    261.05

    1.30

    13.01


    INCLUDING

    259.75

    260.55

    0.80

    18.60



    267.40

    267.90

    0.50

    7.72



    347.30

    350.00

    2.70

    28.99


    INCLUDING

    348.55

    350.00

    1.45

    38.20

    IM-17-241


    39.35

    41.00

    1.65

    15.83


    INCLUDING

    40.20

    41.00

    0.80

    19.80



    113.25

    120.75

    7.50

    8.25


    INCLUDING

    118.00

    118.50

    0.50

    61.60


    AND

    118.50

    119.40

    0.90

    15.05


    AND

    120.25

    120.75

    0.50

    17.20



    315.00

    316.00

    1.00

    12.30

    IM-17-242


    62.80

    63.50

    0.70

    7.40



    77.00

    87.75

    10.75

    8.30


    INCLUDING

    77.50

    79.00

    1.50

    12.70


    AND

    79.00

    80.00

    1.00

    26.70


    AND

    84.00

    85.00

    1.00

    11.10


    AND

    87.00

    87.75

    0.75

    11.35



    91.85

    94.10

    2.25

    13.92


    INCLUDING

    91.85

    93.00

    1.15

    24.50



    122.20

    123.05

    0.85

    6.94

    IM-17-243


    85.10

    86.00

    0.90

    6.56



    129.00

    130.15

    1.15

    16.60



    160.30

    161.80

    1.50

    5.03



    451.00

    452.50

    1.50

    4.68

    IM-17-244


    24.00

    25.00

    1.00

    5.24



    166.50

    167.20

    0.70

    4.31

    IM-17-245


    363.25

    364.30

    1.05

    4.69

    IM-17-246


    17.45

    18.05

    0.60

    8.47



    303.00

    303.50

    0.50

    7.19

    IM-17-247


    51.90

    55.50

    3.60

    13.01


    INCLUDING

    51.90

    52.60

    0.70

    39.00


    AND

    54.30

    55.00

    0.70

    20.80


    AND

    55.00

    55.50

    0.50

    6.01



    211.90

    212.40

    0.50

    9.93



    295.00

    295.50

    0.50

    8.71



    311.00

    315.25

    4.25

    13.09


    INCLUDING

    311.00

    311.60

    0.60

    8.99


    AND

    312.60

    313.10

    0.50

    19.60


    AND

    313.75

    314.25

    0.50

    26.60


    AND

    314.75

    315.25

    0.50

    24.10



    321.50

    322.00

    0.50

    4.99

    IM-17-248


    141.35

    142.65

    1.30

    9.44



    141.95

    142.65

    0.70

    11.45



    185.25

    185.75

    0.50

    4.38

    IM-17-249


    274.05

    274.55

    0.50

    5.98



    356.55

    357.05

    0.50

    8.34



    386.55

    394.55

    8.00

    6.46


    INCLUDING

    386.55

    387.35

    0.80

    5.57


    AND

    390.00

    391.00

    1.00

    15.50


    AND

    392.60

    393.55

    0.95

    10.05


    AND

    393.55

    394.05

    0.50

    13.05


    AND

    394.05

    394.55

    0.50

    23.50



    429.00

    430.00

    1.00

    6.90



    434.75

    435.95

    1.20

    6.55


    INCLUDING

    434.75

    435.25

    0.50

    11.30



    486.40

    488.90

    2.50

    5.95


    INCLUDING

    488.25

    488.90

    0.65

    11.55



    524.65

    525.15

    0.50

    17.90



    538.50

    548.45

    9.95

    48.17


    INCLUDING

    539.00

    539.60

    0.60

    29.70


    AND

    541.40

    541.90

    0.50

    159.50


    AND

    543.65

    544.40

    0.75

    417.00


    AND

    546.00

    547.00

    1.00

    24.80



    562.85

    563.35

    0.50

    5.69



    574.65

    576.70

    2.05

    24.96


    INCLUDING

    575.15

    575.75

    0.60

    49.10



    695.95

    696.85

    0.90

    8.94



    707.00

    707.50

    0.50

    4.57

    IM-17-250


    135.00

    135.50

    0.50

    4.08



    144.60

    145.70

    1.10

    5.51



    153.50

    154.00

    0.50

    11.55



    375.50

    376.70

    1.20

    10.20



    381.00

    381.60

    0.60

    7.37

    IM-17-251


    80.50

    83.00

    2.50

    33.22


    INCLUDING

    80.50

    81.00

    0.50

    36.30


    AND

    81.90

    83.00

    1.10

    59.00



    87.50

    88.05

    0.55

    68.90



    92.25

    99.30

    7.05

    9.15


    INCLUDING

    93.00

    93.90

    0.90

    19.55


    AND

    93.90

    94.40

    0.50

    54.50


    AND

    97.00

    98.00

    1.00

    5.66


    AND

    98.70

    99.30

    0.60

    16.45



    203.50

    204.00

    0.50

    11.00



    399.00

    402.40

    3.40

    12.30


    INCLUDING

    399.60

    400.10

    0.50

    32.90


    AND

    401.30

    402.40

    1.10

    15.40



    418.00

    421.00

    3.00

    6.77


    INCLUDING

    420.50

    421.00

    0.50

    30.10

    IM-17-252

    ABANDONED





    IM-17-253

    ABANDONED





    IM-17-254


    214.80

    215.30

    0.50

    38.70



    286.50

    287.10

    0.60

    13.85



    349.00

    349.80

    0.80

    11.30



    376.00

    376.90

    0.90

    8.16

    IM-17-254-1

    NO SIGNIFICANT ASSAYS




    IM-17-255


    32.85

    33.45

    0.60

    39.30



    41.30

    41.80

    0.50

    10.80



    57.30

    58.00

    0.70

    4.16



    60.20

    61.10

    0.90

    6.32



    77.25

    87.90

    10.65

    5.28


    INCLUDING

    77.90

    78.40

    0.50

    9.20


    AND

    82.00

    83.25

    1.25

    16.30


    AND

    83.25

    84.70

    1.45

    12.40


    AND

    87.40

    87.90

    0.50

    7.51



    143.55

    144.45

    0.90

    7.16



    157.70

    158.35

    0.65

    17.60



    161.55

    162.10

    0.55

    8.24



    358.90

    359.40

    0.50

    20.20



    380.10

    380.60

    0.50

    15.70



    397.50

    398.00

    0.50

    8.93



    416.50

    417.80

    1.30

    5.27

    IM-17-256


    69.90

    70.80

    0.90

    8.17



    106.60

    108.30

    1.70

    14.79


    INCLUDING

    106.60

    107.70

    1.10

    17.00



    144.00

    145.25

    1.25

    5.21



    227.30

    229.30

    2.00

    26.28


    INCLUDING

    227.30

    228.80

    1.50

    29.20



    286.90

    288.30

    1.40

    4.43


    INCLUDING

    287.80

    288.30

    0.50

    6.72



    330.00

    332.15

    2.15

    6.89



    334.70

    335.50

    0.80

    10.20



    353.25

    355.20

    1.95

    10.22


    INCLUDING

    353.25

    353.75

    0.50

    14.90


    AND

    354.50

    355.20

    0.70

    17.10

    IM-17-257


    95.15

    97.60

    2.45

    9.01


    INCLUDING

    96.00

    97.00

    1.00

    14.35



    136.20

    136.75

    0.55

    50.50



    142.60

    143.60

    1.00

    8.84


    INCLUDING

    143.10

    143.60

    0.50

    10.95



    222.25

    227.50

    5.25

    4.77


    INCLUDING

    222.25

    222.75

    0.50

    25.20


    AND

    224.05

    225.30

    1.25

    5.70


    AND

    226.90

    227.50

    0.60

    5.83



    249.85

    250.35

    0.50

    14.45



    253.50

    255.00

    1.50

    8.60



    290.00

    292.00

    2.00

    6.14


    INCLUDING

    290.50

    291.00

    0.50

    13.70



    320.00

    322.00

    2.00

    10.11


    INCLUDING

    320.00

    321.20

    1.20

    11.95



    325.90

    326.55

    0.65

    5.63

    CM-17-098


    73.25

    74.50

    1.25

    32.10



    101.00

    101.80

    0.80

    5.01



    266.45

    267.00

    0.55

    4.54



    285.50

    288.40

    2.90

    7.61


    INCLUDING

    285.50

    287.00

    1.50

    8.05


    AND

    287.90

    288.40

    0.50

    19.30



    357.20

    358.90

    1.70

    8.60


    INCLUDING

    357.20

    357.70

    0.50

    12.40


    AND

    358.20

    358.90

    0.70

    11.90



    393.10

    394.20

    1.10

    8.28



    424.20

    429.10

    4.90

    11.09


    INCLUDING

    424.20

    424.70

    0.50

    21.70


    AND

    425.20

    426.20

    1.00

    5.83


    AND

    426.20

    426.90

    0.70

    49.40


    AND

    428.55

    429.10

    0.55

    4.39



    551.50

    552.05

    0.55

    8.89

    CM-17-099


    72.65

    73.15

    0.50

    13.50



    83.50

    85.35

    1.85

    36.89


    INCLUDING

    83.50

    84.00

    0.50

    4.12


    AND

    84.65

    85.35

    0.70

    94.50



    91.50

    92.00

    0.50

    5.53



    107.20

    107.70

    0.50

    41.80



    183.45

    183.95

    0.50

    4.39



    185.60

    186.10

    0.50

    5.58



    376.30

    378.70

    2.40

    16.98


    INCLUDING

    376.30

    377.00

    0.70

    11.90


    AND

    378.00

    378.70

    0.70

    46.00



    387.25

    388.75

    1.50

    5.93



    392.45

    393.40

    0.95

    20.40



    415.70

    420.05

    4.35

    5.35


    INCLUDING

    415.70

    416.45

    0.75

    8.32


    AND

    419.10

    420.05

    0.95

    14.95



    431.75

    433.70

    1.95

    11.58


    INCLUDING

    431.75

    432.45

    0.70

    16.25


    AND

    433.15

    433.70

    0.55

    19.95

    CM-17-100


    126.60

    127.30

    0.70

    6.93



    503.80

    504.75

    0.95

    12.20



    580.85

    582.20

    1.35

    8.76


    INCLUDING

    581.65

    582.20

    0.55

    14.15

    CM-17-101


    20.00

    21.00

    1.00

    13.00



    23.30

    23.80

    0.50

    8.08



    29.80

    30.30

    0.50

    7.68



    243.50

    244.50

    1.00

    25.01


    INCLUDING

    244.00

    244.50

    0.50

    42.60



    334.30

    335.45

    1.15

    34.10


    INCLUDING

    334.30

    334.90

    0.60

    43.00



    348.50

    351.45

    2.95

    8.54


    INCLUDING

    348.50

    349.20

    0.70

    10.80


    AND

    350.35

    350.95

    0.60

    24.30


    AND

    350.95

    351.45

    0.50

    5.33



    375.10

    382.90

    7.80

    13.45


    INCLUDING

    375.10

    375.65

    0.55

    43.40


    AND

    375.65

    376.20

    0.55

    16.30


    AND

    376.70

    377.55

    0.85

    35.80


    AND

    378.95

    379.40

    0.45

    16.35


    AND

    379.40

    379.90

    0.50

    15.80


    AND

    381.80

    382.35

    0.55

    29.10


    AND

    382.35

    382.90

    0.55

    12.90



    407.10

    407.60

    0.50

    22.10



    410.50

    411.00

    0.50

    6.17



    426.70

    427.20

    0.50

    17.95

    CM-17-102

    ABANDONED





    CM-17-103


    311.40

    313.00

    1.60

    36.64


    INCLUDING

    311.40

    312.00

    0.60

    71.20



    317.85

    318.35

    0.50

    11.65



    377.15

    378.50

    1.35

    5.04



    391.65

    392.55

    0.90

    8.90



    399.30

    400.20

    0.90

    7.95



    427.50

    428.00

    0.50

    7.34



    491.65

    492.15

    0.50

    36.40

    CM-17-104


    263.65

    264.15

    0.50

    29.80



    285.55

    293.05

    7.50

    5.19


    INCLUDING

    285.55

    286.55

    1.00

    9.31


    AND

    286.55

    287.35

    0.80

    8.42


    AND

    290.60

    291.30

    0.70

    10.15



    349.25

    349.75

    0.50

    4.19



    477.30

    477.90

    0.60

    16.50



    516.75

    517.65

    0.90

    10.05



    527.65

    529.90

    2.25

    5.41


    INCLUDING

    527.65

    528.20

    0.55

    11.75


    AND

    529.40

    529.90

    0.50

    8.29



    566.15

    566.85

    0.70

    6.06

    CM-17-105


    48.35

    49.50

    1.15

    4.84



    102.50

    103.35

    0.85

    34.60



    122.00

    122.50

    0.50

    25.70



    254.20

    255.00

    0.80

    4.80



    289.40

    289.90

    0.50

    5.48

    CM-17-106


    291.60

    292.10

    0.50

    17.90



    309.90

    311.50

    1.60

    30.32


    INCLUDING

    309.90

    310.40

    0.50

    83.80



    320.50

    321.00

    0.50

    8.90



    325.00

    325.50

    0.50

    4.94



    334.10

    345.50

    11.40

    12.22


    INCLUDING

    334.10

    334.60

    0.50

    186.00


    AND

    340.50

    342.00

    1.50

    18.30


    AND

    345.00

    345.50

    0.50

    8.11



    349.85

    350.85

    1.00

    22.20



    403.80

    404.30

    0.50

    4.77



    430.00

    433.00

    3.00

    5.42



    449.15

    449.65

    0.50

    4.72



    489.90

    495.90

    6.00

    6.29


    INCLUDING

    489.90

    491.00

    1.10

    15.30


    INCLUDING

    495.00

    495.90

    0.90

    13.00



    581.00

    582.30

    1.30

    11.50



    601.00

    602.00

    1.00

    8.09



    617.00

    617.50

    0.50

    25.70



    693.00

    694.00

    1.00

    5.14



    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

    AZIMUTH

    DIP

    IM-17-239

    140

    -64.9

    IM-17-240

    140

    -49.8

    IM-17-241

    138

    -54.5

    IM-17-242

    145

    -56.1

    IM-17-243

    138

    -43.7

    IM-17-244

    142

    -59.1

    IM-17-245

    145

    -43.7

    IM-17-246

    146

    -61.9

    IM-17-247

    141

    -45.3

    IM-17-248

    141

    -56.3

    IM-17-249

    138

    -46.8

    IM-17-250

    141

    -44.9

    IM-17-251

    141

    -59.9

    IM-17-254

    144

    -61.0

    IM-17-254-1

    144

    -61.0

    IM-17-255

    143

    -44.5

    IM-17-256

    141

    -65.0

    IM-17-257

    147

    -53.0

    CM-17-098

    310

    -59.9

    CM-17-099

    311

    -44.0

    CM-17-100

    307

    -55.5

    CM-17-101

    311

    -46.3

    CM-17-103

    312

    -46.5

    CM-17-104

    311

    -57.2

    CM-17-105

    312

    -61.4

    CM-17-106

    310

    -48.0
















    SOURCE Barkerville Gold Mines Ltd.



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