TORONTO, May 2, 2019 /CNW/ - Barkerville Gold
Mines Ltd. (TSXV: BGM. the "Company" or "BGM") is
pleased to announce the new drilling results from the 2019 Island
Mountain exploration and category conversion program at the
Company's flagship Cariboo Gold Project in central British Columbia.
New results from eight recent holes on Island Mountain include
10.76 g/t Au over 20.0 meters including a sample of
157.50 g/t Au over 1.25 meters in IM-19-019, extending a
mineralized vein corridor on Shaft Zone 60 meters down dip to a
vertical depth of 450 meters. Infill hole IM-19-020 intersected
162.5 g/t Au over 0.50 meter outside of an existing vein
corridor. IM-19-023 intersected five new previously unmodelled
zones including 21.97 g/t Au over 4.05 meters. These
results, as well as the highlights summarized below, demonstrate
continuity of grade and widths within the modelled vein corridors,
expansion of mineralization at depth and anomalous mineralization
between the vein corridors.
Select Drilling Highlights:
IM-19-019 is located at Shaft Zone on Island Mountain and
was designed to investigate down dip extensions on the
mineralized vein corridors as well as shallow infill high-grade
zones. IM-19-019 was successful at intersecting multiple high-grade
intercepts of gold mineralization including 27.60 g/t Au over
1.40 meters within a modelled vein corridor and further down
hole, at a vertical depth of 450 meters, IM-19-019 intersected
10.76 g/t Au over 20.0 meters vein corridor within
sericite altered siltstone-sandstone and includes a sample that
assayed 157.50 g/t over 1.25 meters. Mineralization
continued to depth of 543 meters down hole, with a sample grading
11.85 g/t Au over 0.50 meter.
IM-19-020 was designed to infill shallow, high-grade vein
corridors on Shaft Zone and intersected a quartz vein hosting up to
80% pyrite vein outside a previously modelled vein corridor that
assayed 162.50 g/t over 0.50 meter at a vertical depth of
115 meters.
IM-19-023 is a 684-meter-deep hole and intersected five
main zones of mineralization. At 194.5 meters down hole, IM-19-023
intersected previously unmodelled quartz veins that assayed
21.97 g/t Au over 4.05 meters including a sample of 87.60
g/t over 0.75 meters. At depth, a zone of strong silica
alteration within sandstone and calcareous sandstone is present
from 438 meters to 493 meters and exhibits multiple vein corridors
with disseminated pyrite and cosalite not previously modelled and
extend veins at depth. At 434.70 meters down hole, a
mineralized zone assayed 6.78 g/t Au over 3.30 meters and 65
meters down dip of a modelled vein corridor. At 450.25 meters,
10.57 g/t Au over 5.60 meters, at 471 meters depth, 4.33
g/t Au over 3.70 meters including 12.95 g/t Au over 1.00
meter, at 485.35 meters depth 10.12 g/t Au over 7.95
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 complete table of assay highlights for IM-19-016 to IM-19-023
is present below. 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.
Qualified Persons
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.
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
|
|
DEPTH
FROM (M)
|
DEPTH TO
(M)
|
LENGTH
(M)
|
AU
(G/T)
|
PURPOSE
|
TARGET
|
IM-19-016
|
|
162.00
|
162.50
|
0.50
|
6.84
|
Exploration
|
Mosquito
|
|
|
171.70
|
176.10
|
4.40
|
3.96
|
|
|
|
Including
|
172.50
|
173.00
|
0.50
|
17.30
|
|
|
|
|
201.75
|
202.25
|
0.50
|
8.11
|
|
|
|
|
260.10
|
260.60
|
0.50
|
10.75
|
|
|
|
|
518.50
|
519.00
|
0.50
|
3.55
|
|
|
IM-19-017
|
No Significant
Assays
|
|
|
|
Stratigraphic
|
Willow
|
IM-19-018
|
|
417.50
|
418.00
|
0.50
|
6.62
|
Exploration and
Infill
|
Mosquito
|
|
|
456.00
|
456.50
|
0.50
|
5.81
|
|
|
|
|
458.35
|
458.85
|
0.50
|
6.23
|
|
|
|
|
487.75
|
491.20
|
3.45
|
7.64
|
|
|
|
Including
|
487.75
|
488.45
|
0.70
|
18.90
|
|
|
|
And
|
489.30
|
490.10
|
0.80
|
12.90
|
|
|
IM-19-019
|
|
67.00
|
68.00
|
1.00
|
4.24
|
Exploration and
Infill
|
Shaft Zone
|
|
|
114.60
|
116.10
|
1.50
|
7.28
|
|
|
|
|
163.80
|
165.20
|
1.40
|
27.60
|
|
|
|
Including
|
163.80
|
164.70
|
0.90
|
40.30
|
|
|
|
|
261.80
|
262.35
|
0.55
|
6.52
|
|
|
|
|
402.20
|
404.50
|
2.30
|
5.13
|
|
|
|
|
407.22
|
409.70
|
2.48
|
4.84
|
|
|
|
|
438.80
|
441.50
|
2.70
|
6.40
|
|
|
|
|
440.60
|
441.50
|
0.90
|
17.30
|
|
|
|
|
488.00
|
489.10
|
1.10
|
6.05
|
|
|
|
|
488.00
|
508.00
|
20.00
|
10.76
|
|
|
|
Including
|
488.00
|
489.10
|
1.10
|
6.05
|
|
|
|
And
|
504.50
|
505.75
|
1.25
|
157.50
|
|
|
|
And
|
505.75
|
506.60
|
0.85
|
5.20
|
|
|
|
|
543.00
|
543.50
|
0.50
|
11.85
|
|
|
IM-19-020
|
|
78.00
|
78.90
|
0.90
|
7.29
|
Infill
|
Shaft Zone
|
|
|
143.00
|
143.50
|
0.50
|
162.50
|
|
|
IM-19-021
|
Hole
Abandoned
|
|
|
|
Infill
|
Shaft Zone
|
IM-19-022
|
|
168.20
|
169.20
|
1.00
|
5.36
|
Infill
|
Shaft Zone
|
|
|
301.40
|
304.00
|
2.60
|
10.77
|
|
|
|
Including
|
302.65
|
303.45
|
0.80
|
29.70
|
|
|
|
And
|
303.45
|
304.00
|
0.55
|
6.54
|
|
|
IM-19-023
|
|
135.75
|
136.80
|
1.05
|
11.95
|
Exploration and
Infill
|
Shaft Zone
|
|
|
194.50
|
198.55
|
4.05
|
21.97
|
|
|
|
Including
|
194.50
|
195.25
|
0.75
|
87.60
|
|
|
|
And
|
196.50
|
197.00
|
0.50
|
19.30
|
|
|
|
And
|
197.75
|
198.55
|
0.80
|
16.85
|
|
|
|
|
276.00
|
281.70
|
5.70
|
1.45
|
|
|
|
Including
|
276.00
|
276.50
|
0.50
|
4.54
|
|
|
|
|
409.70
|
411.00
|
1.30
|
17.90
|
|
|
|
|
434.70
|
438.00
|
3.30
|
6.78
|
|
|
|
Including
|
434.70
|
435.80
|
1.10
|
15.10
|
|
|
|
|
450.25
|
455.85
|
5.60
|
10.57
|
|
|
|
Including
|
453.00
|
454.45
|
1.45
|
22.50
|
|
|
|
And
|
454.45
|
455.85
|
1.40
|
12.45
|
|
|
|
|
471.00
|
474.70
|
3.70
|
4.33
|
|
|
|
Including
|
471.00
|
472.00
|
1.00
|
12.95
|
|
|
|
|
485.35
|
493.30
|
7.95
|
10.12
|
|
|
|
Including
|
490.75
|
492.00
|
1.25
|
27.80
|
|
|
|
|
617.30
|
618.10
|
0.80
|
7.49
|
|
|
Table 2: Drillhole Collar Orientations:
HOLE
ID
|
DIP
|
AZIMUTH
|
DEPTH
(M)
|
IM-19-016
|
-46
|
314
|
600
|
IM-19-017
|
-46
|
222
|
637
|
IM-19-018
|
-45
|
314
|
501
|
IM-19-019
|
-60
|
142
|
576
|
IM-19-020
|
-59
|
137
|
162
|
IM-19-021
|
-48
|
137
|
195
|
IM-19-022
|
-61
|
140
|
336
|
IM-19-023
|
-46
|
127
|
684
|
SOURCE Barkerville Gold Mines Ltd.