TORONTO, Feb. 20, 2019 /CNW/ - Barkerville Gold
Mines Ltd. (TSXV: BGM) (the "Company" or "BGM")
is pleased to announce the final drilling results from the 2018
Island Mountain exploration and category conversion program at the
Company's flagship Cariboo Gold Project and recent results from
holes drilled for metallurgical testing.
Recent highlights from the Island Mountain Shaft Zone
exploration and delineation program include 9.72 g/t Au over
14.4 meters in hole IM-18-169 located 15 meters from surface
within a modelled vein corridor. Drill hole IM-18-176 intersected
32.44 g/t Au over 3.0 meters with a higher-grade intercept
97.80 g/t Au over 0.50 meter. These results, as well as the
highlights listed below, demonstrate grade and widths within the
modelled vein corridors amenable to successful resource
conversion.
Recent intercepts at 600 meters depth include 16.10 g/t
Au over 0.55 meter and 14.05 g/t Au over 0.55 meter in
hole IM-18-176. The current resource at Shaft Zone deposit is
modelled to an average depth of 350 meters. BGM is currently
exploring down dip of the known gold mineralization on Shaft Zone
with three drill rigs. BGM is currently exploring on Mosquito Creek
with two rigs, and testing targets on Barkerville Mountain,
Williams Creek and Willow with an
additional three rigs. See Company news release dated
January 17, 2019 for
additional information on the 2019 drill program.
In addition to the delineation drilling, the Company drilled a
total of 11 holes on Shaft Zone and Cow Mountain in mineralized
vein corridors to collect material for metallurgical testing
purposes. The selected assay highlights are presented below and
include 7.75 g/t Au over 46.0 meters within hole
IM-MET-18-002.
Selected Drilling Highlights:
- IM-18-162: 14.55 g/t Au over 3.65 meters
- IM-18-164: 34.90 g/t Au over 1.45 meters
- IM-18-169: 9.72 g/t Au over 14.40 meters
- IM-18-173: 24.97 g/t Au over 2.50 meters
- IM-18-174: 9.01 g/t Au over 5.50 meters
- IM-18-176: 32.44 g/t Au over 3.00 meters including
97.80 g/t Au over 0.50 meter
- IM-18-176: 105.0 g/t Au over 0.65 meter
- IM-MET-18-001: 63.63 g/t Au over 1.25 meters
- IM-MET-18-001: 142.5 g/t Au over 0.50 meter
- IM-MET-18-002: 7.75 g/t Au over 46.0 meters
- IM-MET-18-003: 42.10 g/t Au over 1.20 meters
- IM-MET-18-003: 110.5 g/t Au over 1.00 meter
- IM-MET-18-004: 34.61 g/t Au over 5.00 meters including
137.5 g/t Au over 0.85 meter
- CM-MET-18-001: 5.78 g/t Au over 8.25 meters
|
True widths are
estimated to be 50 to 75% of reported core length intervals.
Intervals not recovered by
drilling were assigned zero grade. Top cuts have not been applied
to high grade assays.
|
A drill hole location plan map and section are presented below.
Detailed drilling results are presented at the end of this release.
The Shaft Zone 3D deposit model with assay highlights is located on
the Company's website:
Barkerville Gold Mines Ltd. 3D Deposit Model
Mineralized quartz veins on the Cariboo Gold Project are overall
sub-vertical dip and northeast strike. Vein corridors are
defined as a high-density network of mineralized quartz veins
within the sandstones. These corridors have been defined from
surface to a vertical depth averaging 300 meters and remain open
for expansion at depth and down plunge. Gold grades are intimately
associated with vein-hosted pyrite as well as pyritic, intensely
silicified wall rock haloes in close proximity to the veins.
Chris Lodder, President and CEO,
comments, "these drill results demonstrate the high probability to
add significant resources to at least double the depth of our
average depth of present resources. This year's drilling will
continue to explore these areas to a depth of up to 650 m and extensions for 2 km to the Northwest
and 4 km to the Southeast of the defined underground
resources".
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 mineral
rights package located in the historical Cariboo Mining District of
central British Columbia.
Barkerville's Cariboo Gold Project mineral tenures cover 1,950
square kilometres; along a strike length of 67 kilometres which
includes several past producing placer and hard rock mines, making
it one of the most well-endowed land packages in British Columbia. Since the management change
in mid-2015, the Company has unlocked the fundamental structural
controls of gold mineralization. The Company's Brownfield's
exploration team is focused on upgrading and expanding the
May 2018 43-101 compliant resource
within the 8 kilometers of principle project area located near the
town of Wells, British Columbia. The Company's Greenfield's
team is developing quality exploration assets throughout the
remaining land package through systematic, scientific,
exploration. The operation's team is focused on completing
required studies in order to pemit underground mining on Cow and
Island Mountains.
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
HOLE
ID
|
|
FROM
|
TO
|
LENGTH
(M)
|
AU
(G/T)
|
IM-18-162
|
|
29.35
|
33.00
|
3.65
|
14.55
|
|
Including
|
31.00
|
32.00
|
1.00
|
42.80
|
|
|
73.00
|
74.50
|
1.50
|
13.75
|
|
|
139.00
|
139.60
|
0.60
|
11.05
|
|
|
157.50
|
158.15
|
0.65
|
11.80
|
IM-18-163
|
|
29.80
|
34.10
|
4.30
|
8.37
|
|
Including
|
33.00
|
33.60
|
0.60
|
30.20
|
IM-18-164
|
|
37.20
|
38.65
|
1.45
|
34.90
|
IM-18-165
|
|
122.70
|
125.00
|
2.30
|
6.13
|
|
Including
|
123.75
|
125.00
|
1.25
|
7.64
|
|
|
126.90
|
129.00
|
2.10
|
11.39
|
|
Including
|
126.90
|
127.85
|
0.95
|
18.90
|
|
|
133.20
|
133.70
|
0.50
|
8.85
|
IM-18-166
|
|
31.35
|
32.20
|
0.85
|
8.56
|
|
|
161.50
|
162.00
|
0.50
|
9.59
|
IM-18-167
|
|
14.50
|
15.35
|
0.85
|
7.38
|
|
|
65.35
|
65.85
|
0.50
|
20.30
|
IM-18-168
|
|
81.75
|
83.00
|
1.25
|
16.50
|
IM-18-169
|
|
21.20
|
35.60
|
14.40
|
9.72
|
|
Including
|
21.20
|
22.05
|
0.85
|
27.60
|
|
And
|
22.05
|
22.70
|
0.65
|
32.20
|
|
And
|
22.70
|
24.20
|
1.50
|
10.30
|
|
And
|
24.20
|
25.35
|
1.15
|
12.45
|
|
And
|
27.00
|
28.00
|
1.00
|
9.77
|
|
And
|
28.00
|
28.70
|
0.70
|
25.10
|
|
And
|
28.70
|
30.00
|
1.30
|
8.82
|
|
And
|
35.00
|
35.60
|
0.60
|
17.55
|
|
|
64.80
|
65.50
|
0.70
|
7.34
|
IM-18-170
|
|
61.85
|
64.00
|
2.15
|
12.71
|
|
Including
|
61.85
|
63.00
|
1.15
|
15.65
|
IM-18-171
|
|
82.40
|
83.85
|
1.45
|
6.26
|
|
Including
|
82.40
|
83.15
|
0.75
|
10.95
|
|
|
88.10
|
88.70
|
0.60
|
23.10
|
|
|
97.90
|
98.60
|
0.70
|
58.70
|
|
|
132.25
|
132.75
|
0.50
|
3.98
|
|
|
158.80
|
159.35
|
0.55
|
15.40
|
IM-18-172
|
|
62.70
|
63.35
|
0.65
|
11.25
|
|
|
121.95
|
122.50
|
0.55
|
10.75
|
|
|
133.00
|
133.50
|
0.50
|
8.08
|
IM-18-173
|
|
60.80
|
63.30
|
2.50
|
24.97
|
|
Including
|
60.80
|
61.40
|
0.60
|
69.50
|
|
And
|
61.40
|
62.30
|
0.90
|
20.20
|
IM-18-174
|
|
33.00
|
33.90
|
0.90
|
4.36
|
|
|
83.50
|
84.00
|
0.50
|
4.71
|
|
|
252.50
|
258.00
|
5.50
|
9.01
|
|
Including
|
253.10
|
253.65
|
0.55
|
19.10
|
|
And
|
253.65
|
254.80
|
1.15
|
22.70
|
|
And
|
257.50
|
258.00
|
0.50
|
20.40
|
|
|
345.00
|
345.50
|
0.50
|
10.50
|
IM-18-175
|
|
87.80
|
88.40
|
0.60
|
10.35
|
|
|
121.75
|
122.30
|
0.55
|
27.00
|
|
|
313.75
|
316.60
|
2.85
|
7.34
|
|
Including
|
313.75
|
314.25
|
0.50
|
24.70
|
|
And
|
316.00
|
316.60
|
0.60
|
12.80
|
|
|
320.60
|
322.20
|
1.60
|
18.58
|
|
Including
|
320.60
|
321.20
|
0.60
|
5.63
|
|
And
|
321.70
|
322.20
|
0.50
|
52.60
|
|
|
324.00
|
326.85
|
2.85
|
3.96
|
|
|
336.80
|
337.30
|
0.50
|
38.60
|
IM-18-176
|
|
70.60
|
77.70
|
7.10
|
4.45
|
|
Including
|
76.80
|
77.70
|
0.90
|
6.11
|
|
|
97.50
|
99.00
|
1.50
|
4.76
|
|
|
185.00
|
185.50
|
0.50
|
8.84
|
|
|
188.00
|
189.00
|
1.00
|
21.48
|
|
Including
|
188.00
|
188.50
|
0.50
|
29.80
|
|
|
222.00
|
225.00
|
3.00
|
32.44
|
|
Including
|
222.00
|
222.50
|
0.50
|
97.80
|
|
And
|
223.60
|
224.30
|
0.70
|
63.00
|
|
|
271.80
|
272.45
|
0.65
|
105.00
|
|
|
294.30
|
294.80
|
0.50
|
6.93
|
|
|
349.50
|
352.40
|
2.90
|
9.06
|
|
Including
|
351.50
|
352.40
|
0.90
|
25.10
|
|
|
388.30
|
388.80
|
0.50
|
17.35
|
|
|
656.37
|
657.35
|
0.98
|
4.63
|
|
|
760.85
|
761.40
|
0.55
|
16.10
|
|
|
767.85
|
768.40
|
0.55
|
14.05
|
|
|
786.30
|
786.80
|
0.50
|
6.24
|
|
|
789.55
|
790.05
|
0.50
|
4.60
|
IM-18-177
|
|
66.60
|
67.70
|
1.10
|
6.62
|
|
|
96.60
|
97.10
|
0.50
|
24.30
|
|
|
121.10
|
121.80
|
0.70
|
5.08
|
|
|
123.90
|
124.70
|
0.80
|
8.47
|
|
|
129.70
|
130.30
|
0.60
|
5.89
|
|
|
287.80
|
290.60
|
2.80
|
6.02
|
|
Including
|
289.60
|
290.60
|
1.00
|
11.30
|
|
|
514.00
|
514.50
|
0.50
|
8.34
|
|
|
792.00
|
793.50
|
1.50
|
4.40
|
|
|
818.00
|
818.50
|
0.50
|
4.33
|
IM-MET-18-001
|
|
31.00
|
32.25
|
1.25
|
63.63
|
|
Including
|
31.00
|
31.50
|
0.50
|
142.50
|
|
|
52.30
|
53.50
|
1.20
|
4.22
|
|
|
150.90
|
152.15
|
1.25
|
7.64
|
|
|
218.75
|
219.35
|
0.60
|
5.70
|
|
|
230.90
|
232.00
|
1.10
|
5.97
|
|
|
262.80
|
263.30
|
0.50
|
7.23
|
|
|
266.35
|
267.50
|
1.15
|
6.81
|
|
|
276.00
|
277.50
|
1.50
|
4.07
|
|
|
295.50
|
296.00
|
0.50
|
5.08
|
|
|
386.40
|
387.50
|
1.10
|
19.40
|
|
|
483.00
|
483.80
|
0.80
|
7.78
|
IM-MET-18-002
|
|
47.30
|
48.00
|
0.70
|
4.58
|
|
|
69.00
|
70.10
|
1.10
|
33.90
|
|
|
74.00
|
120.00
|
46.00
|
7.75
|
|
Including
|
76.60
|
77.20
|
0.60
|
9.11
|
|
And
|
77.20
|
78.30
|
1.10
|
10.50
|
|
And
|
78.30
|
79.10
|
0.80
|
19.15
|
|
And
|
80.50
|
81.40
|
0.90
|
12.85
|
|
And
|
83.50
|
84.00
|
0.50
|
25.60
|
|
And
|
84.00
|
85.50
|
1.50
|
19.00
|
|
And
|
86.00
|
87.50
|
1.50
|
12.30
|
|
And
|
87.50
|
89.00
|
1.50
|
14.45
|
|
And
|
93.00
|
94.50
|
1.50
|
13.00
|
|
And
|
94.50
|
95.00
|
0.50
|
13.95
|
|
And
|
95.00
|
96.10
|
1.10
|
42.40
|
|
And
|
98.50
|
99.40
|
0.90
|
9.49
|
|
And
|
101.50
|
103.00
|
1.50
|
10.85
|
|
And
|
103.00
|
104.50
|
1.50
|
16.85
|
|
And
|
114.50
|
116.00
|
1.50
|
22.50
|
|
And
|
116.00
|
116.65
|
0.65
|
24.00
|
|
And
|
119.00
|
120.00
|
1.00
|
20.40
|
|
|
143.50
|
145.00
|
1.50
|
15.25
|
|
|
150.00
|
150.50
|
0.50
|
9.40
|
|
|
174.50
|
176.00
|
1.50
|
10.95
|
|
|
186.50
|
187.50
|
1.00
|
4.22
|
|
|
212.30
|
212.80
|
0.50
|
4.44
|
|
|
214.50
|
216.85
|
2.35
|
13.34
|
|
Including
|
215.50
|
216.85
|
1.35
|
19.10
|
|
|
222.00
|
222.50
|
0.50
|
46.60
|
|
|
232.50
|
234.00
|
1.50
|
28.50
|
|
|
238.50
|
240.00
|
1.50
|
8.87
|
IM-MET-18-003
|
|
229.35
|
234.60
|
5.25
|
7.12
|
|
Including
|
230.85
|
231.55
|
0.70
|
9.84
|
|
And
|
232.50
|
233.40
|
0.90
|
24.10
|
|
|
250.00
|
251.50
|
1.50
|
4.70
|
|
|
272.80
|
276.40
|
3.60
|
9.94
|
|
Including
|
273.40
|
274.00
|
0.60
|
26.20
|
|
And
|
275.00
|
276.40
|
1.40
|
11.05
|
|
|
280.80
|
281.30
|
0.50
|
9.95
|
|
|
282.50
|
283.70
|
1.20
|
5.44
|
|
|
328.20
|
329.25
|
1.05
|
11.75
|
|
|
331.50
|
332.70
|
1.20
|
42.10
|
|
|
351.00
|
352.00
|
1.00
|
110.50
|
|
|
356.80
|
358.00
|
1.20
|
11.80
|
|
|
400.40
|
401.80
|
1.40
|
5.55
|
IM-MET-18-004
|
|
27.85
|
32.85
|
5.00
|
34.61
|
|
Including
|
28.80
|
29.90
|
1.10
|
27.00
|
|
And
|
29.90
|
30.75
|
0.85
|
137.50
|
|
And
|
30.75
|
32.10
|
1.35
|
13.35
|
|
|
110.65
|
112.30
|
1.65
|
26.45
|
|
Including
|
111.45
|
112.30
|
0.85
|
39.10
|
|
|
126.90
|
128.40
|
1.50
|
5.05
|
|
|
147.25
|
147.80
|
0.55
|
4.12
|
|
|
168.10
|
171.85
|
3.75
|
11.25
|
|
Including
|
168.10
|
169.40
|
1.30
|
17.80
|
|
And
|
170.25
|
170.75
|
0.50
|
25.20
|
|
And
|
171.35
|
171.85
|
0.50
|
11.40
|
CM-MET-18-001
|
|
6.15
|
6.75
|
0.60
|
11.15
|
|
|
62.25
|
70.50
|
8.25
|
5.78
|
|
Including
|
62.25
|
63.00
|
0.75
|
20.90
|
|
And
|
64.50
|
65.50
|
1.00
|
15.40
|
|
And
|
70.00
|
70.50
|
0.50
|
15.25
|
|
|
85.20
|
86.00
|
0.80
|
6.37
|
|
|
91.50
|
92.35
|
0.85
|
26.20
|
|
|
129.80
|
130.70
|
0.90
|
4.21
|
|
|
154.85
|
155.35
|
0.50
|
11.85
|
CM-MET-18-002
|
|
108.15
|
108.70
|
0.55
|
19.90
|
|
|
138.35
|
140.10
|
1.75
|
12.03
|
|
|
157.15
|
157.70
|
0.55
|
24.40
|
|
|
197.20
|
198.10
|
0.90
|
29.20
|
|
|
243.27
|
245.00
|
1.73
|
11.90
|
|
Including
|
243.27
|
244.40
|
1.13
|
16.35
|
|
|
259.40
|
259.90
|
0.50
|
15.40
|
|
|
262.80
|
263.40
|
0.60
|
13.75
|
CM-MET-18-003
|
|
29.50
|
33.90
|
4.40
|
9.70
|
|
Including
|
29.50
|
30.00
|
0.50
|
15.70
|
|
And
|
31.95
|
32.60
|
0.65
|
46.20
|
|
And
|
33.40
|
33.90
|
0.50
|
7.57
|
CM-MET-18-004
|
|
30.50
|
31.70
|
1.20
|
32.90
|
|
|
38.00
|
39.00
|
1.00
|
5.85
|
|
|
42.00
|
43.50
|
1.50
|
4.23
|
|
|
75.50
|
76.00
|
0.50
|
31.80
|
CM-MET-18-005
|
|
11.00
|
12.00
|
1.00
|
14.60
|
|
|
28.70
|
29.30
|
0.60
|
4.30
|
|
|
33.00
|
33.50
|
0.50
|
28.10
|
|
|
42.70
|
43.30
|
0.60
|
14.20
|
CM-MET-18-006
|
|
28.85
|
29.65
|
0.80
|
12.75
|
|
|
32.70
|
33.20
|
0.50
|
5.13
|
|
|
36.50
|
37.45
|
0.95
|
30.00
|
|
|
38.73
|
39.23
|
0.50
|
7.12
|
|
|
58.80
|
61.35
|
2.55
|
6.19
|
|
Including
|
60.50
|
61.35
|
0.85
|
12.50
|
|
|
138.40
|
139.50
|
1.10
|
4.84
|
|
|
150.20
|
152.30
|
2.10
|
6.62
|
|
Including
|
150.95
|
152.30
|
1.35
|
8.35
|
CM-MET-18-007
|
Hole
Abandoned
|
|
|
|
|
CM-MET-18-008
|
|
67.00
|
68.35
|
1.35
|
6.13
|
|
|
84.75
|
85.25
|
0.50
|
14.65
|
|
|
87.00
|
87.50
|
0.50
|
6.38
|
|
|
91.50
|
96.15
|
4.65
|
5.06
|
|
|
106.10
|
111.15
|
5.05
|
4.95
|
|
Including
|
106.10
|
106.60
|
0.50
|
22.40
|
|
And
|
109.90
|
111.15
|
1.25
|
7.56
|
|
|
118.90
|
119.40
|
0.50
|
6.16
|
|
|
146.35
|
147.00
|
0.65
|
4.57
|
Table 2: Drillhole Collar Orientations:
HOLE
ID
|
AZIMUTH
|
DIP
|
IM-18-162
|
129
|
-57
|
IM-18-163
|
138
|
-61
|
IM-18-164
|
120
|
-59
|
IM-18-165
|
134
|
-55
|
IM-18-166
|
131
|
-58
|
IM-18-167
|
139
|
-49
|
IM-18-168
|
119
|
-53
|
IM-18-169
|
114
|
-47
|
IM-18-170
|
122
|
-45
|
IM-18-171
|
132
|
-61
|
IM-18-172
|
152
|
-59
|
IM-18-173
|
122
|
-45
|
IM-18-174
|
98
|
-45
|
IM-18-175
|
101
|
-44
|
IM-18-176
|
122
|
-46
|
IM-18-177
|
119
|
-45
|
IM-MET-18-001
|
125
|
-45
|
IM-MET-18-002
|
105
|
-45
|
IM-MET-18-003
|
116
|
-61
|
IM-MET-18-004
|
124
|
-45
|
CM-MET-18-001
|
122
|
-49
|
CM-MET-18-002
|
122
|
-61
|
CM-MET-18-003
|
120
|
-45
|
CM-MET-18-004
|
124
|
-44
|
CM-MET-18-005
|
128
|
-60
|
CM-MET-18-006
|
138
|
-58
|
CM-MET-18-008
|
321
|
-44
|
SOURCE Barkerville Gold Mines Ltd.