Aurum Deeps Yields 14.80 g/t Au over 11.30 metres
TORONTO, May 18, 2017 /CNW/ - Barkerville Gold
Mines Ltd. (TSXV: BGM) (the "Company" or
"Barkerville") is pleased to announce additional drilling
results from the ongoing 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, a drill hole location plan map, level plan and
longitudinal section are presented at the end of this release.
Drilling Expands Shaft Zone Mineralization to New
Depth
The deepest intersection to date in the Shaft Zone,
drillhole IM-17-097 intersected a 60 metre wide (core length),
interval of sandstone hosted veining with subintervals grading
40.19 g/t Au over 3.10 metres, 39.05 g/t Au over 8.25
metres and 10.34 g/t Au over 4.50 metres at an average
vertical depth of 480 metres below surface. No other drilling
pierce points occur at this vertical level and as such this new
corridor is open for expansion in all directions.
Veining at Aurum Deeps Extended
Veining intersected at a vertical depth of 400 metres below
surface in the footwall sandstones of the former Aurum Mine has
yielded 14.80 g/t Au over 11.30 metres in Phase II drillhole
IM-17-091. This intersection is located at the same vertical depth
as previously reported Phase I drillhole BGM-16-527 which
intersected 10.34 g/t Au over 11.50 metres, 60 metres along
vein strike to the southwest. Again, this vein system is open for
expansion in all directions due to the scarcity of drilling in this
area.
Natalie Cook, Senior Geologist,
commented, "The results from our recent drilling in the Aurum Deeps
and Shaft Zone on Island Mountain confirms the confidence in our
geological model. These newly highlighted zones are open at depth,
which is encouraging for the potential of discovering additional
mineralization along strike of the veins."
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, 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 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, 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 Island Mountain
Phase II drillholes:
HOLE-ID
|
FROM
(M)
|
TO
(M)
|
CORE LENGTH
(M)
|
AU
(G/T)
|
AREA
|
IM-17-091
|
147.80
|
148.35
|
0.55
|
9.42
|
AURUM
|
IM-17-091
|
448.80
|
460.10
|
11.30
|
14.80
|
AURUM
|
INCLUDING
|
448.80
|
449.65
|
0.85
|
7.07
|
AURUM
|
AND
|
449.65
|
451.05
|
1.40
|
56.30
|
AURUM
|
AND
|
451.05
|
452.20
|
1.15
|
31.70
|
AURUM
|
AND
|
452.20
|
452.75
|
0.55
|
18.95
|
AURUM
|
AND
|
452.75
|
454.10
|
1.35
|
11.85
|
AURUM
|
AND
|
457.35
|
457.85
|
0.50
|
14.30
|
AURUM
|
AND
|
458.95
|
459.60
|
0.65
|
11.90
|
AURUM
|
IM-17-096
|
192.55
|
193.10
|
0.55
|
8.80
|
SHAFT
|
IM-17-097
|
56.60
|
57.10
|
0.50
|
25.10
|
SHAFT
|
IM-17-097
|
63.70
|
64.70
|
1.00
|
28.05
|
SHAFT
|
INCLUDING
|
63.70
|
64.20
|
0.50
|
25.40
|
SHAFT
|
AND
|
64.20
|
64.70
|
0.50
|
30.70
|
SHAFT
|
IM-17-097
|
100.15
|
101.00
|
0.85
|
6.33
|
SHAFT
|
IM-17-097
|
162.00
|
163.10
|
1.10
|
10.50
|
SHAFT
|
IM-17-097
|
259.10
|
259.60
|
0.50
|
18.75
|
SHAFT
|
IM-17-097
|
532.25
|
534.65
|
2.40
|
7.36
|
SHAFT
|
INCLUDING
|
532.25
|
532.85
|
0.60
|
11.25
|
SHAFT
|
AND
|
532.85
|
533.55
|
0.70
|
9.58
|
SHAFT
|
AND
|
534.15
|
534.65
|
0.50
|
8.19
|
SHAFT
|
IM-17-097
|
540.20
|
543.30
|
3.10
|
40.19
|
SHAFT
|
INCLUDING
|
540.20
|
541.10
|
0.90
|
97.40
|
SHAFT
|
AND
|
541.60
|
542.45
|
0.85
|
43.00
|
SHAFT
|
IM-17-097
|
555.00
|
563.25
|
8.25
|
39.05
|
SHAFT
|
INCLUDING
|
555.00
|
556.25
|
1.25
|
12.70
|
SHAFT
|
AND
|
556.25
|
557.05
|
0.80
|
79.70
|
SHAFT
|
AND
|
557.05
|
557.90
|
0.85
|
35.80
|
SHAFT
|
AND
|
558.65
|
559.85
|
1.20
|
54.30
|
SHAFT
|
AND
|
559.85
|
560.45
|
0.60
|
44.70
|
SHAFT
|
AND
|
560.45
|
560.95
|
0.50
|
16.30
|
SHAFT
|
AND
|
560.95
|
561.70
|
0.75
|
124.50
|
SHAFT
|
AND
|
561.70
|
562.30
|
0.60
|
25.40
|
SHAFT
|
IM-17-097
|
585.80
|
590.30
|
4.50
|
10.34
|
SHAFT
|
INCLUDING
|
585.80
|
586.60
|
0.80
|
17.95
|
SHAFT
|
AND
|
586.60
|
587.40
|
0.80
|
14.90
|
SHAFT
|
AND
|
588.85
|
589.75
|
0.90
|
18.30
|
SHAFT
|
IM-17-097
|
609.75
|
610.45
|
0.70
|
20.60
|
SHAFT
|
IM-17-098
|
70.45
|
71.00
|
0.55
|
1.35
|
SHAFT
|
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. MC = Mosquito Creek, SHAFT = Shaft Zone.
|
Table 2: Drillhole Collar Orientations:
HOLE-ID
|
AZIMUTH
|
DIP
|
IM-17-091
|
138.40
|
-65.30
|
IM-17-096
|
136.30
|
-65.70
|
IM-17-097
|
139.80
|
-65.60
|
IM-17-098
|
142.20
|
-44.90
|
SOURCE Barkerville Gold Mines Ltd.