VANCOUVER, BC / ACCESSWIRE / March 24, 2014 / Barkerville
Gold Mines Ltd. (TSXV: BGM) (the "Company") announced today,
results from complete hole metallic screen fire with minor lead
collection/gravimetric assay results of twenty nine diamond drill
holes conducted on Cow Mountain in 2011.
As recommended in the
Company's NI 43-101 report dated December 31, 2012 (the "Technical
Report", see News Release dated June 19 2013) and mentioned in the
news release dated December 9, 2013, all reject samples from drill
core that was originally analyzed in 2011 with standard fire assays
and unassayed infill core samples from those same holes collected
in 2013 have been sent for 1,000 g metallic screen and 50 g lead
collection/gravimetric fire assay. Considering coarse grained gold
is common in the area it has been determined that the original 30 g
standard fire assay method possibly undervalued gold grade. Once
all drill data has been received, the Company will provide a
comparative analysis between new and original drill data. The
Company will also provide an updated NI 43-101 resource
estimate.
Metallic screen fire assay
results of twenty nine drill holes have been received and
significant intercepts are listed in Table 1. Highlights
include:
CM11-32
-2.6 meters (8.6 feet) of
14.28 g/T (0.416 oz/t) gold between 50.0 and 52.6 meters (164.0 and
172.6 feet)
CM11-52
-0.7 meters (2.4 feet) of
67.64 g/T (1.973 oz/t) gold between 288.4 and 289.1 meters (946.2
and 948.6 feet)
-10.1 meters (33.0 feet) of
7.11 g/T (0.207 oz/t) gold between 378.0 and 388.0 meters (1,240.0
and 1,273.0 feet)
-1.6 meters (5.4 feet) of
11.48 g/T (0.335 oz/t) gold between 395.5 and 397.2 meters (1,297.6
and 1,303.0 feet)
CM11-62
-1.7 meters (5.6 feet) of 9.66
g/T (0.282 oz/t) gold between 34.1 and 35.8 meters (112.0 and 117.6
feet)
-1.7 meters (5.6 feet) of 6.90
g/T (0.201 oz/t) gold between 69.0 and 70.7 meters (226.4 and 232.0
feet)
CM11-63
-2.7 meters (9.0 feet) of 6.81
g/T (0.199 oz/t) gold between 111.0 and 113.8 meters (364.2 and
373.2 feet)
-3.2 meters (10.5 feet) of
7.24 g/T (0.211 oz/t) gold between 236.3 and 239.5 meters (775.1
and 785.6 feet)
-5.3 meters (17.4 feet) of
85.48 g/T (2.493 oz/t) gold between 273.7 and 279.0 meters (897.9
and 915.3 feet)
CM11-65A
-2.8 meters (9.3 feet) of
7.115 g/T (0.208 oz/t) gold between 80.0 and 82.8 meters (262.5 and
271.8 feet)
CM11-80B
-2.2 meters (7.2 feet) of 8.24
g/T (0.240 oz/t) gold between 127.1 and 129.3 meters (417.0 and
424.2 feet)
CM11-85
-1.8 meters (5.8 feet) of
13.75 g/T (0.401 oz/t) gold between 284.7 and 286.5 meters (934.2
and 940.0 feet)
CM11-86
-10.2 meters (33.6 feet) of
16.22 g/T (0.473 oz/t) gold between 181.8 and 192.0 meters (596.4
and 630.0 feet)
CM11-88
-2.4 meters (7.9 feet) of
23.14 g/T (0.675 oz/t) gold between 233.8 and 236.2 meters (767.0
and 774.9 feet)
CM11-91
-2.9 meters (9.6 feet) of
11.28 g/T (0.329 oz/t) gold between 170.9 and 173.8 meters (560.6
and 570.2 feet)
CM11-97
-0.5 meters (1.8 feet) of
63.44 g/T (1.850 oz/t) gold between 78.2 and 78.7 meters (256.5 and
258.3 feet)
-2.0 meters (6.5 feet) of 6.20
g/T (0.181 oz/t) gold between 100.6 and 102.5 meters (329.9 and
336.4 feet)
CM11-99
-4.4 meters (14.5 feet) of
8.00 g/T (0.233 oz/t) gold between 112.6 and 117.0 meters (369.3
and 383.8 feet)
-1.3 meters (4.2 feet) of 9.07
g/T (0.265 oz/t) gold between 190.4 and 191.7 meters (624.7 and
628.9 feet)
CM11-105
-2.5 meters (8.2 feet) of 9.08
g/T (0.265 oz/t) gold between 26.5 and 29.0 meters (87.0 and 95.2
feet)
-2.9 meters (9.6 feet) of
12.20 g/T (0.356 oz/t) gold between 176.0 and 178.9 meters (577.4
and 587.0 feet)
-2.9 meters (9.4 feet) of
17.36 g/T (0.506 oz/t) gold between 223.3and 226.2 meters (732.6
and 742.0 feet)
CM11-106
-2.0 meters (6.7 feet) of
13.00 g/T (0.379 oz/t) gold between 44.8 and 46.8 meters (147.0 and
153.7 feet)
CM11-107
-1.4 meters (4.5 feet) of 8.29
g/T (0.242 oz/t) gold between 226.8 and 228.2 meters (744.2 and
748.7 feet)
CM11-108
-1.3 meters (4.4 feet) of 9.20
g/T (0.268 oz/t) gold between 112.5 and 113.8 meters (369.0 and
373.4 feet)
CM11-109
-1.2 meters (4.0 feet) of
23.38 g/T (0.682 oz/t) gold between 215.5 and 216.7 meters (707.0
and 711.0 feet)
CM11-124
-1.1 meters (3.6 feet) of 7.12
g/T (0.208 oz/t) gold between 153.8 and 254.9 meters (504.7 and
508.3 feet)
Table
1. SIGNIFICANT INTERCEPTS OF THE WHOLE HOLE METALLIC SCREEN
FIRE
WITH
MINOR LEAD COLLECTION/GRAVIMETRIC ASSAYS OF BOTH REJECT &
INFILL CORE
SAMPLES OF DRILL HOLES CONDUCTED ON COW
MOUNTIAN IN 2011
------------------------------------------------------
|HOLE ID |CORE SAMPLING INTERVAL |METALLIC |
| | |FIRE |
| | |ASSAY |
| |-------------------------| |
| |From |To |WIDTH | |
| |-------------------------------------------|
| |Feet |Meter|Au (g/T)|Au |
| | | | |(oz./t) |
|----------------------------------------------------|
|CM11-32 |164.0 |172.6 |8.6 |2.6 |14.28 |0.416 |
| |-------------------------------------------|
| |176.4 |180.9 |4.5 |1.4 |1.03 |0.030 |
| |-------------------------------------------|
| |423.2 |425.2 |2.0 |0.6 |3.40 |0.099 |
| |-------------------------------------------|
| |465.5 |467.5 |2.0 |0.6 |17.13 |0.500 |
| |-------------------------------------------|
| |552.4 |553.5 |1.1 |0.3 |2.45 |0.071 |
|----------------------------------------------------|
|CM11-52 |299.0 |302.6 |3.6 |1.1 |2.05 |0.060 |
| |-------------------------------------------|
| |315.4 |317.4 |2.0 |0.6 |5.24 |0.153 |
| |-------------------------------------------|
| |472.5 |473.7 |1.2 |0.4 |6.20 |0.181 |
| |-------------------------------------------|
| |570.8 |573.3 |2.5 |0.8 |2.38 |0.069 |
| |-------------------------------------------|
| |611.0 |613.0 |2.0 |0.6 |3.06 |0.089 |
| |-------------------------------------------|
| |946.2 |948.6 |2.4 |0.7 |67.64 |1.973 |
| |-------------------------------------------|
| |1140.6|1142.6|2.0 |0.6 |1.81 |0.053 |
| |-------------------------------------------|
| |1186.2|1187.6|1.4 |0.4 |1.23 |0.036 |
| |-------------------------------------------|
| |1224.3|1228.5|4.2 |1.3 |2.38 |0.069 |
| |-------------------------------------------|
| |1240.0|1273.0|33.0 |10.1 |7.11* |0.207* |
| |-------------------------------------------|
| |including |
| |-------------------------------------------|
| |1240.0|1249.6|9.6 |2.9 |11.29* |0.329* |
| |-------------------------------------------|
| |1297.6|1303.0|5.4 |1.6 |11.48* |0.335* |
|----------------------------------------------------|
|CM11-53 |98.7 |101.2 |2.5 |0.8 |1.86 |0.054 |
| |-------------------------------------------|
| |362.0 |372.4 |10.4 |3.2 |2.48* |0.072* |
| |-------------------------------------------|
| |387.4 |388.5 |1.1 |0.3 |1.21 |0.035 |
| |-------------------------------------------|
| |408.2 |409.7 |1.5 |0.5 |4.36 |0.127 |
| |-------------------------------------------|
| |421.6 |426.5 |4.9 |1.5 |4.69 |0.137 |
| |-------------------------------------------|
| |879.0 |881.3 |2.3 |0.7 |2.75 |0.080 |
| |-------------------------------------------|
| |982.7 |987.4 |4.7 |1.4 |1.64 |0.048 |
|----------------------------------------------------|
|CM11-60 |839.0 |843.2 |4.2 |1.3 |3.25 |0.095 |
|----------------------------------------------------|
|CM11-62 |112.0 |117.6 |5.6 |1.7 |9.66 |0.282 |
| |-------------------------------------------|
| |226.4 |253.6 |27.2 |8.3 |1.67* |0.049* |
| |-------------------------------------------|
| |including |
| |-------------------------------------------|
| |226.4 |232.0 |5.6 |1.7 |6.90* |0.201* |
| |-------------------------------------------|
| |629.9 |637.6 |7.7 |2.3 |1.57 |0.046 |
|----------------------------------------------------|
|CM11-63 |364.2 |373.2 |9.0 |2.7 |6.81 |0.199 |
| |-------------------------------------------|
| |499.6 |510.5 |10.9 |3.3 |2.98 |0.087 |
| |-------------------------------------------|
| |545.9 |547.5 |1.6 |0.5 |1.18 |0.034 |
| |-------------------------------------------|
| |775.1 |785.6 |10.5 |3.2 |7.24* |0.211* |
| |-------------------------------------------|
| |802.2 |807.1 |4.9 |1.5 |2.47 |0.072 |
| |-------------------------------------------|
| |897.9 |915.3 |17.4 |5.3 |85.48* |2.493* |
| |-------------------------------------------|
| |including |
| |-------------------------------------------|
| |897.9 |905.5 |7.6 |2.3 |194.9* |5.684* |
| |-------------------------------------------|
| |991.3 |994.1 |2.8 |0.9 |10.67 |0.311 |
| |-------------------------------------------|
| |1020.8|1025.2|4.4 |1.3 |2.26 |0.066 |
| |-------------------------------------------|
| |1106.1|1113.1|7.0 |2.1 |3.39* |0.099* |
| |-------------------------------------------|
| |1339.3|1344.1|4.8 |1.5 |3.12 |0.091 |
| |-------------------------------------------|
| |1467.8|1472.6|4.8 |1.5 |1.58 |0.046 |
|----------------------------------------------------|
|CM11-65A|147.0 |148.3 |1.3 |0.4 |3.94 |0.115 |
| |-------------------------------------------|
| |242.8 |258.7 |15.9 |4.8 |1.621* |0.047* |
| |-------------------------------------------|
| |262.5 |271.8 |9.3 |2.8 |7.115* |0.208* |
| |-------------------------------------------|
| |345.2 |351.0 |5.8 |1.8 |1.14 |0.033 |
|----------------------------------------------------|
|CM11-80A|288.2 |317.0 |28.8 |8.8 |1.21* |0.035* |
| |-------------------------------------------|
| |813.0 |830.1 |17.1 |5.2 |1.51* |0.044* |
|----------------------------------------------------|
|CM11-80B|129.9 |137.0 |7.1 |2.2 |4.97 |0.145 |
| |-------------------------------------------|
| |277.0 |280.9 |3.9 |1.2 |2.64 |0.077 |
| |-------------------------------------------|
| |337.0 |342.6 |5.6 |1.7 |2.55 |0.074 |
| |-------------------------------------------|
| |417.0 |424.2 |7.2 |2.2 |8.24 |0.240 |
|----------------------------------------------------|
|CM11-85 |77.4 |86.4 |9.0 |2.7 |2.12 |0.062 |
| |-------------------------------------------|
| |394.8 |395.8 |1.0 |0.3 |2.53 |0.074 |
| |-------------------------------------------|
| |401.9 |409.5 |7.6 |2.3 |2.63* |0.077* |
| |-------------------------------------------|
| |679.2 |681.3 |2.1 |0.6 |22.10 |0.645 |
| |-------------------------------------------|
| |695.8 |703.5 |7.7 |2.3 |1.52 |0.044 |
| |-------------------------------------------|
| |735.2 |747.0 |11.8 |3.6 |2.19* |0.064* |
| |-------------------------------------------|
| |934.2 |940.0 |5.8 |1.8 |13.75* |0.401* |
| |-------------------------------------------|
| |1010.4|1013.0|2.6 |0.8 |1,942 |56.64 |
|----------------------------------------------------|
|CM11-86 |117.0 |127.0 |10.0 |3.0 |2.20 |0.064 |
| |-------------------------------------------|
| |177.0 |202.4 |25.4 |7.7 |1.14* |0.033* |
| |-------------------------------------------|
| |252.2 |254.2 |2.0 |0.6 |1.08 |0.031 |
| |-------------------------------------------|
| |316.0 |317.0 |1.0 |0.3 |17.44 |0.509 |
| |-------------------------------------------|
| |511.5 |514.0 |2.5 |0.8 |1.27 |0.037 |
| |-------------------------------------------|
| |532.3 |533.4 |1.1 |0.3 |20.61 |0.601 |
| |-------------------------------------------|
| |596.4 |630.0 |33.6 |10.2 |16.22* |0.473* |
| |-------------------------------------------|
| |including |
| |-------------------------------------------|
| |618.1 |625.7 |7.6 |2.3 |61.86* |1.804* |
| |-------------------------------------------|
| |729.7 |732.3 |2.6 |0.8 |1.11 |0.032 |
| |-------------------------------------------|
| |890.3 |897.0 |6.7 |2.0 |1.01 |0.029 |
|----------------------------------------------------|
|CM11-88 |30.0 |38.2 |8.2 |2.5 |1.35 |0.039 |
| |-------------------------------------------|
| |43.9 |44.9 |1.0 |0.3 |14.27 |0.416 |
| |-------------------------------------------|
| |62.1 |71.6 |9.5 |2.9 |6.64* |0.194* |
| |-------------------------------------------|
| |87.0 |95.2 |8.2 |2.5 |1.96 |0.057 |
| |-------------------------------------------|
| |110.1 |118.3 |8.2 |2.5 |3.14* |0.092* |
| |-------------------------------------------|
| |131.5 |132.6 |1.1 |0.3 |12.57 |0.367 |
| |-------------------------------------------|
| |368.6 |395.9 |27.3 |8.3 |3.74* |0.109* |
| |-------------------------------------------|
| |422.9 |433.2 |10.3 |3.1 |3.98* |0.116* |
| |-------------------------------------------|
| |469.0 |470.8 |1.8 |0.5 |2.73 |0.080 |
| |-------------------------------------------|
| |499.0 |500.2 |1.2 |0.4 |68.60 |2.001 |
| |-------------------------------------------|
| |550.3 |553.9 |3.6 |1.1 |1.83 |0.053 |
| |-------------------------------------------|
| |767.0 |774.9 |7.9 |2.4 |23.14 |0.675 |
| |-------------------------------------------|
| |1027.0|1035.0|8.0 |2.4 |1.58 |0.046 |
|----------------------------------------------------|
|CM11-91 |48.7 |52.6 |3.9 |1.2 |1.54 |0.045 |
| |-------------------------------------------|
| |344.1 |349.6 |5.5 |1.7 |1.28 |0.037 |
| |-------------------------------------------|
| |424.9 |425.8 |0.9 |0.3 |4.75 |0.139 |
| |-------------------------------------------|
| |443.1 |445.1 |2.0 |0.6 |2.97 |0.087 |
| |-------------------------------------------|
| |483.2 |488.2 |5.0 |1.5 |3.06 |0.089 |
| |-------------------------------------------|
| |525.4 |534.7 |9.3 |2.8 |3.75 |0.109 |
| |-------------------------------------------|
| |550.2 |590.1 |39.9 |12.2 |3.78* |0.110* |
| |-------------------------------------------|
| |including |
| |-------------------------------------------|
| |560.6 |570.2 |9.6 |2.9 |11.28* |0.329* |
| |-------------------------------------------|
| |706.4 |707.5 |1.1 |0.3 |1.20 |0.035 |
| |-------------------------------------------|
| |1132.5|1136.5|4.0 |1.2 |1.33 |0.039 |
| |-------------------------------------------|
| |1274.8|1276.1|1.3 |0.4 |1.71 |0.050 |
| |-------------------------------------------|
| |1314.8|1316.6|1.8 |0.5 |4.13 |0.120 |
| |-------------------------------------------|
| |1404.3|1405.9|1.6 |0.5 |2.95 |0.086 |
|----------------------------------------------------|
|CM11-95 |227.0 |235.1 |8.1 |2.5 |2.07* |0.060* |
| |-------------------------------------------|
| |265.9 |274.8 |8.9 |2.7 |1.28* |0.037* |
| |-------------------------------------------|
| |435.5 |438.3 |2.8 |0.9 |2.00 |0.058 |
| |-------------------------------------------|
| |563.0 |567.0 |4.0 |1.2 |1.70** |0.050** |
|----------------------------------------------------|
|CM11-96 |42.6 |47.2 |4.6 |1.4 |1.22* |0.035* |
| |-------------------------------------------|
| |215.0 |216.3 |1.3 |0.4 |5.79 |0.169 |
| |-------------------------------------------|
| |480.4 |482.2 |1.8 |0.5 |4.03 |0.118 |
| |-------------------------------------------|
| |495.4 |504.4 |9.0 |2.7 |1.00 |0.029 |
| |-------------------------------------------|
| |580.6 |589.7 |9.1 |2.8 |1.19* |0.035* |
|----------------------------------------------------|
|CM11-97 |124.7 |127.0 |2.3 |0.7 |2.59 |0.076 |
| |-------------------------------------------|
| |150.7 |151.9 |1.2 |0.4 |10.19 |0.297 |
| |-------------------------------------------|
| |184.4 |188.7 |4.3 |1.3 |1.66* |0.048* |
| |-------------------------------------------|
| |202.2 |215.4 |13.2 |4.0 |3.76* |0.110* |
| |-------------------------------------------|
| |256.5 |258.3 |1.8 |0.5 |63.44 |1.850 |
| |-------------------------------------------|
| |270.7 |271.7 |1.0 |0.3 |1.19 |0.035 |
| |-------------------------------------------|
| |276.2 |281.5 |5.3 |1.6 |1.52* |0.044* |
| |-------------------------------------------|
| |299.2 |301.9 |2.7 |0.8 |1.08 |0.031 |
| |-------------------------------------------|
| |308.4 |311.4 |3.0 |0.9 |1.24* |0.036* |
| |-------------------------------------------|
| |316.2 |317.6 |1.4 |0.4 |5.40 |0.157 |
| |-------------------------------------------|
| |329.9 |336.4 |6.5 |2.0 |6.20* |0.181* |
| |-------------------------------------------|
| |1153.0|1154.3|1.3 |0.4 |1.02 |0.030 |
|----------------------------------------------------|
|CM11-99 |22.0 |38.7 |16.7 |5.1 |1.29* |0.038* |
| |-------------------------------------------|
| |47.0 |56.6 |9.6 |2.9 |2.69* |0.078* |
| |-------------------------------------------|
| |187.3 |198.4 |11.1 |3.4 |5.68* |0.166* |
| |-------------------------------------------|
| |269.6 |282.3 |12.7 |3.9 |2.03* |0.059* |
| |-------------------------------------------|
| |369.3 |383.8 |14.5 |4.4 |8.00* |0.233* |
| |-------------------------------------------|
| |577.0 |579.4 |2.4 |0.7 |8.02 |0.234 |
| |-------------------------------------------|
| |598.9 |600.0 |1.1 |0.3 |16.58 |0.484 |
| |-------------------------------------------|
| |624.7 |628.9 |4.2 |1.3 |9.07 |0.265 |
| |-------------------------------------------|
| |648.8 |660.0 |11.2 |3.4 |5.14* |0.15* |
| |-------------------------------------------|
| |888.4 |895.5 |7.1 |2.2 |1.32* |0.039* |
| |-------------------------------------------|
| |969.0 |970.4 |1.4 |0.4 |1.15 |0.034 |
| |-------------------------------------------|
| |1058.4|1060.8|2.4 |0.7 |1.82 |0.053 |
|----------------------------------------------------|
|CM11-103|145.6 |150.4 |4.8 |1.5 |2.65* |0.077* |
| |-------------------------------------------|
| |168.8 |170.1 |1.3 |0.4 |5.13 |0.150 |
| |-------------------------------------------|
| |183.0 |184.2 |1.2 |0.4 |1.75 |0.051 |
| |-------------------------------------------|
| |231.3 |232.4 |1.1 |0.3 |7.83 |0.228 |
| |-------------------------------------------|
| |302.1 |317.0 |14.9 |4.5 |3.49* |0.102* |
|----------------------------------------------------|
|CM11-104|Abandoned |
| |drill |
| |hole, |
| |no |
| |significant |
| |(>= |
| |0.4 |
| |g/T) |
| |intercept |
|----------------------------------------------------|
|CM11-105|87.0 |95.2 |8.2 |2.5 |9.08 |0.265 |
| |-------------------------------------------|
| |370.3 |371.9 |1.6 |0.5 |2.01 |0.059 |
| |-------------------------------------------|
| |453.9 |455.9 |2.0 |0.6 |4.62 |0.135 |
| |-------------------------------------------|
| |481.0 |487.6 |6.6 |2.0 |2.77 |0.081 |
| |-------------------------------------------|
| |524.4 |529.9 |5.5 |1.7 |3.53 |0.103 |
| |-------------------------------------------|
| |577.4 |596.4 |19.0 |5.8 |6.40* |0.187* |
| |-------------------------------------------|
| |including |
| |-------------------------------------------|
| |577.4 |587.0 |9.6 |2.9 |12.20* |0.356* |
| |-------------------------------------------|
| |624.1 |627.0 |2.9 |0.9 |1.83 |0.053 |
| |-------------------------------------------|
| |648.0 |651.5 |3.5 |1.1 |3.18 |0.093 |
| |-------------------------------------------|
| |732.6 |742.0 |9.4 |2.9 |17.36* |0.506* |
| |-------------------------------------------|
| |including |
| |-------------------------------------------|
| |735.8 |742.0 |6.2 |1.9 |25.98 |0.758 |
| |-------------------------------------------|
| |998.0 |1006.5|8.5 |2.6 |1.12 |0.033 |
|----------------------------------------------------|
|CM11-106|70.0 |86.9 |16.9 |5.2 |1.53* |0.044* |
| |-------------------------------------------|
| |147.0 |153.7 |6.7 |2.0 |13.00 |0.379 |
| |-------------------------------------------|
| |243.0 |284.2 |41.2 |12.6 |2.31* |0.067* |
| |-------------------------------------------|
| |311.1 |317.0 |5.9 |1.8 |6.00 |0.175 |
| |-------------------------------------------|
| |1087.0|1091.1|4.1 |1.2 |1.60 |0.047 |
| |-------------------------------------------|
| |1461.1|1467.4|6.3 |1.9 |2.43 |0.071 |
|----------------------------------------------------|
|CM11-107|375.5 |389.0 |13.5 |4.1 |1.91* |0.056* |
| |-------------------------------------------|
| |455.5 |459.5 |4.0 |1.2 |2.41 |0.070 |
| |-------------------------------------------|
| |732.5 |737.0 |4.5 |1.4 |7.98 |0.233 |
| |-------------------------------------------|
| |744.2 |748.7 |4.5 |1.4 |8.29 |0.242 |
| |-------------------------------------------|
| |963.0 |983.7 |20.7 |6.3 |4.10* |0.119* |
| |-------------------------------------------|
| |1349.0|1352.0|3.0 |0.9 |1.49 |0.043 |
|----------------------------------------------------|
|CM11-108|162.6 |167.2 |4.6 |1.4 |1.14 |0.033 |
| |-------------------------------------------|
| |172.1 |178.3 |6.2 |1.9 |3.82* |0.111* |
| |-------------------------------------------|
| |185.2 |200.5 |15.3 |4.7 |1.69* |0.049* |
| |-------------------------------------------|
| |369.0 |373.4 |4.4 |1.3 |9.20 |0.268 |
| |-------------------------------------------|
| |699.0 |704.7 |5.7 |1.7 |1.05 |0.031 |
| |-------------------------------------------|
| |966.7 |973.0 |6.3 |1.9 |3.17 |0.092 |
| |-------------------------------------------|
| |977.4 |986.1 |8.7 |2.7 |2.22 |0.065 |
| |-------------------------------------------|
| |1397.0|1402.4|5.4 |1.6 |1.08 |0.031 |
|----------------------------------------------------|
|CM11-109|200.9 |205.1 |4.2 |1.3 |4.77 |0.139 |
| |-------------------------------------------|
| |254.0 |255.5 |1.5 |0.5 |2.34 |0.068 |
| |-------------------------------------------|
| |434.8 |436.2 |1.4 |0.4 |4.51 |0.132 |
| |-------------------------------------------|
| |707.0 |711.0 |4.0 |1.2 |23.38 |0.682 |
| |-------------------------------------------|
| |764.1 |765.7 |1.6 |0.5 |2.71 |0.079 |
| |-------------------------------------------|
| |948.0 |949.2 |1.2 |0.4 |5.45 |0.159 |
| |-------------------------------------------|
| |1221.7|1224.8|3.1 |0.9 |1.14 |0.033 |
| |-------------------------------------------|
| |1347.0|1348.0|1.0 |0.3 |10.31 |0.301 |
| |-------------------------------------------|
| |1384.0|1391.9|7.9 |2.4 |2.13* |0.062* |
| |-------------------------------------------|
| |1446.7|1448.2|1.5 |0.5 |14.03 |0.409 |
|----------------------------------------------------|
|CM11-110|149.1 |150.5 |1.4 |0.4 |6.06 |0.177 |
| |-------------------------------------------|
| |262.2 |270.5 |8.3 |2.5 |3.18 |0.093 |
| |-------------------------------------------|
| |301.6 |303.7 |2.1 |0.6 |2.02 |0.059 |
| |-------------------------------------------|
| |330.3 |335.3 |5.0 |1.5 |4.46 |0.130 |
| |-------------------------------------------|
| |667.9 |670.7 |2.8 |0.9 |1.165** |0.034** |
| |-------------------------------------------|
| |920.7 |922.9 |2.2 |0.7 |2.09 |0.061 |
|----------------------------------------------------|
|CM11-111|94.7 |97.5 |2.8 |0.9 |1.02 |0.030 |
| |-------------------------------------------|
| |185.2 |188.7 |3.5 |1.1 |1.09 |0.032 |
|----------------------------------------------------|
|CM11-121|1138.8|1140.4|1.6 |0.5 |1.19 |0.035 |
| |-------------------------------------------|
| |1484.2|1493.3|9.1 |2.8 |2.34* |0.068* |
| |-------------------------------------------|
| |1504.0|1505.2|1.2 |0.4 |9.49 |0.277 |
|----------------------------------------------------|
|CM11-123|331.5 |347.0 |15.5 |4.7 |1.97* |0.057* |
| |-------------------------------------------|
| |448.7 |477.0 |28.3 |8.6 |4.38* |0.128* |
| |-------------------------------------------|
| |645.1 |649.7 |4.6 |1.4 |1.62 |0.047 |
| |-------------------------------------------|
| |654.7 |658.8 |4.1 |1.2 |4.58 |0.134 |
| |-------------------------------------------|
| |837.0 |852.7 |15.7 |4.8 |4.42* |0.129* |
|----------------------------------------------------|
|CM11-124|125.8 |127.0 |1.2 |0.4 |2.27 |0.066 |
| |-------------------------------------------|
| |185.8 |190.3 |4.5 |1.4 |1.84* |0.054* |
| |-------------------------------------------|
| |286.5 |292.5 |6.0 |1.8 |3.14* |0.092* |
| |-------------------------------------------|
| |504.7 |508.3 |3.6 |1.1 |7.12 |0.208 |
| |-------------------------------------------|
| |575.5 |583.3 |7.8 |2.4 |1.11* |0.032* |
| |-------------------------------------------|
| |617.0 |634.1 |17.1 |5.2 |1.51*** |0.044***|
| |-------------------------------------------|
| |715.2 |718.1 |2.9 |0.9 |14.73 |0.430 |
| |-------------------------------------------|
| |732.5 |733.5 |1.0 |0.3 |3.72 |0.108 |
------------------------------------------------------
Note: Uncut and uncapped grade; *
weighted grade; ** lead collection/gravimetric assays
*** weighted intercept of both
metallic & lead collection/gravimetric assay results
All the significant
intercepts in CM11 drill holes described above and in Table 1 may
not be the true width. Due to the complexity of analyzing three
types of quartz veins; namely, strike, diagonal & orthogonal
veins, the true width will be determined after the Company's 3D
geological model is updated.
The standard fire assay
technique was conducted on a relatively small (30 g) aliquot of
sample material that may or may not be truly representative of the
gold content of the sample as a whole, particularly if coarse gold
or visible gold is present that is notoriously difficult to
homogenize within a sample pulp. The Metallic Screen technique
utilized in the Company's Double Assay Program effectively
evaluates 1,000 grams of pulverized material for each sample and
was specifically developed by laboratories to measure coarse or
visible gold within pulverized sample materials to provide a more
representative estimate of overall gold content.
The collection of reject
samples, infill core sampling and core sample cutting of 239 Cow
Mt. drill holes conducted in 2007, 2009, 2010 & 2011 has been
completed. News on complete holes that include metallic screen fire
assay results of reject samples and lead collection fire assay
results of previously unassayed infill core samples will be
published as they become available. The Company is in the process
of utilizing this information to update the drill hole
database.
Drill core processing
included descriptive logging and sampling for geochemical analyses.
The NQ-size drill core was cut/split in two halves using saws at
the Company's Lowhee Creek Compound in Wells-Barkerville, central
B.C. One-half of the core is put in a sample bag. After all the
samples are placed in the rice bags at the mine site, they are
transported by BGM's personnel to a shipping company in Quesnel for
trans-shipment to ACME Analytical Laboratories Ltd. in Vancouver,
which is under the Bureau Veritas Group Company, for analysis.
Sample preparation and geochemical assaying is done at ACME,
following their own internal standards for quality control and
verification. The gold assaying method uses a 1,000 g metallic
screen gold assay and 50 g lead collection fire assay. ACME is
certified under the Assayers Certification Program of B.C.
The information
contained in this news release has been reviewed and approved by
the Company's Chief Geologist Jim Yin, Ph.D., a Qualified Person as
defined by National Instrument 43-101 Standards of Disclosure for
Mineral Projects.
"J.
Frank Callaghan"
J.
Frank Callaghan
President and
CEO
About Barkerville Gold
Mines Ltd.
The Company has focused
on exploration and development of gold projects in the Cariboo
Mining District in central B.C from the mid-1990s to present. The
Company's mineral tenures cover 1,164 km2 along a strike length of
60 km and approximate width of 20 km, including the Cariboo Gold
Project, the Bonanza Ledge Gold Project, the Barkerville Mountain
and Island Mountain exploration targets and seven past producing
hard rock mines. The QR Property was acquired in February 2010 and
includes a 900 tonne/day gold milling facility and a permitted gold
mine located approximately 110 km by highway and all-weather road
from the Barkerville Gold Camp. In November 2010, the Company
acquired a second permitted mill currently on care and maintenance
in Revelstoke, B.C. The Company has completed significant drilling
and exploration programs and, together with the historical data, is
compiling all information to determine the geologic models and
updated technical reports to continue with exploration and
development of the Cariboo Gold projects. This news release has
been prepared on behalf of the Board of Directors of the Company
which takes full responsibility for its contents.
Cautionary Statement on
Forward-Looking Information
Certain information in
this news release is forward-looking within the meaning of certain
securities laws, and is subject to important risks, uncertainties
and assumptions. This forward-looking information includes, among
other things, information with respect to the Company's beliefs,
plans, expectations, anticipations, estimates and intentions,
including the listing and trading of the Company's common shares on
the TSXV. The words "may", "could", "should", "would", "suspect",
"outlook", "believe", "anticipate", "estimate", "expect", "intend",
"plan", "target" and similar words and expressions are used to
identify forward-looking information. The forward-looking
information in this news release describes the Company's
expectations as of the date of this news release.
The results or events
anticipated or predicted in such forward-looking information may
differ materially from actual results or events. Material factors
which could cause actual results or events to differ materially
from such forward- looking information include, among others, the
Company's ability to engage and retain qualified key personnel,
employees and affiliates, to obtain capital and credit and to
protect its property rights.
The Company cautions
that the foregoing list of material factors is not exhaustive. When
relying on the Company's forward-looking information to make
decisions, investors and others should carefully consider the
foregoing factors and other uncertainties and potential events. The
Company has assumed a certain progression, which may not be
realized. It has also assumed that the material factors referred to
in the previous paragraph will not cause such forward-looking
information to differ materially from actual results or events.
However, the list of these factors is not exhaustive and is subject
to change and there can be no assurance that such assumptions will
reflect the actual outcome of such items or factors.
THE FORWARD-LOOKING
INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE
EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE
AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS
SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION
AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE.
WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE
THIS INFORMATION AT ANY PARTICULAR TIME.
Neither the 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 news release.
SOURCE: Barkerville Gold Mines Ltd.
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