10:58:00 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Barkerville Gold Mines Ltd
Symbol BGM
Shares Issued 439,803,997
Close 2018-09-27 C$ 0.39
Market Cap C$ 171,523,559
Recent Sedar Documents

Barkerville drills four m of 26.33 g/t Au at Cariboo

2018-09-27 07:29 ET - News Release

Mr. Chris Lodder reports

COW MOUNTAIN DRILLING INTERSECTS HIGH GRADE GOLD MINERALIZATION

Barkerville Gold Mines Ltd. has released drilling results from the continuing 2018 Cow Mountain exploration and category conversion program at the company's flagship Cariboo gold project. The drilling results demonstrate continuity of high-grade gold mineralization within vein corridors. The company is currently exploring and delineating high-grade vein corridors with four diamond drills on Cow Mountain.

Selected drilling highlights

  • CM-18-005: 28.98 grams per tonne gold over 1.90 metres (visible gold was observed);
  • CM-18-006: 12.47 g/t Au over 5.35 metres;
  • CM-18-007: 30.62 g/t Au over 1.80 metres (visible gold was observed);
  • CM-18-007: 76.90 g/t Au over 0.70 metre;
  • CM-18-010: 10.70 g/t Au over 5.85 metres;
  • CM-18-012: 24.69 g/t Au over 3.15 metres (visible gold was observed);
  • CM-18-013: 23.18 g/t Au over 3.70 metres;
  • CM-18-017: 20.41 g/t Au over 2.95 metres;
  • CM-18-018: 109.05 g/t Au over 1.20 metres (visible gold was observed);
  • CM-18-024: 26.33 g/t Au over 4.00 metres;
  • CM-18-029: 160.50 g/t Au over 0.85 metre (visible gold was observed);
  • CM-18-029: 39.81 g/t Au over 2.10 metres;
  • CM-18-039: 377.00 g/t Au over 0.50 metre;
  • CM-18-040: 66.40 g/t Au over 1.30 metres;
  • CM-18-043: 19.73 g/t Au over 3.05 metres;
  • CM-18-045: 13.07 g/t Au over 5.05 metres;
  • CM-18-049: 24.40 g/t Au over 2.20 metres.

Detailed drilling results are presented in the table. The Cow Mountain 3-D deposit model with assay highlights is located on the company's website.

The continuing drill program at Cow Mountain is designed to infill and expand high-grade gold-mineralized vein corridors modelled in the May, 2018, Cow Mountain resource estimate. Vein corridors are defined as a high-density network of mineralized quartz veins within the sandstones. Mineralized quartz veins on the Cariboo gold project are overall subvertical dip and northeast strike. These corridors have been defined from surface to a vertical depth of up to 300 metres 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

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, Maggie Layman, PGeo, vice-president of 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 Canadian Institute of Mining, Metallurgy and Petroleum 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, B.C. Numbered security tags are applied to lab shipments for chain of custody requirements. The company inserts quality control samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QA/QC program was designed and approved by Lynda Bloom, PGeo, of Analytical Solutions Ltd., and is overseen by Ms. Layman.

Drill core samples are submitted to ALS Geochemistry's analytical facility in North Vancouver, B.C., 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 are pulverized. Analysis for gold is by 50 g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 part per million and upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are reanalyzed using a 1,000 g screen metallic fire assay. A selected number of samples are also analyzed using a 48-multilemental geochemical package by a four-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.

           LENGTH WEIGHTED GOLD COMPOSITES FROM COW MOUNTAIN
  
Hole                 From (m)       To (m)   Core length (m)      Au (g/t)

CM-18-001             187.50       190.00              2.50          3.31
Including             187.50       188.10              0.60         11.55
                      194.00       196.50              2.50          5.35
Including             194.00       195.00              1.00         10.50
                      336.40       338.50              2.10          3.54
Including             336.40       337.00              0.60          5.57
CM-18-002                             No significant assays
CM-18-003              40.00        42.00              2.00          7.43
Including              41.50        42.00              0.50         26.30
                       91.00        91.50              0.50          6.31
CM-18-004                             No significant assays
CM-18-005              60.00        61.90              1.90         28.98
Including              60.00        60.60              0.60         41.40
And                    60.60        61.15              0.55         51.20
                       71.00        72.65              1.65          7.10
Including              72.00        72.65              0.65         14.20
                       83.25        83.90              0.65          5.62
                      129.50       131.00              1.50          4.59
                      134.90       135.40              0.50         17.15
                      176.50       177.00              0.50          6.33
CM-18-006             140.25       141.25              1.00          7.99
                      164.60       167.00              2.40          4.57
Including             164.60       165.10              0.50         12.95
                      199.85       200.35              0.50          5.91
                      204.75       206.60              1.85         11.34
Including             204.75       205.70              0.95         16.65
                      243.00       248.35              5.35         12.47
Including             243.00       244.20              1.20         48.80
And                   247.70       248.35              0.65          8.44
CM-18-007             128.20       130.00              1.80         30.62
Including             128.20       128.75              0.55         51.70
And                   129.50       130.00              0.50         53.30
                      134.40       135.10              0.70         76.90
                      137.80       138.40              0.60          4.76
                      141.80       142.40              0.60          7.97
CM-18-008             176.50       177.10              0.60         34.20
                      224.60       225.25              0.65          4.31
                      225.90       226.85              0.95          7.61
                      257.00       258.20              1.20          4.49
                      310.20       310.80              0.60          5.79
CM-18-009              11.50        12.00              0.50          7.51
                       52.50        53.00              0.50          4.21
                       75.20        77.35              2.15          6.71
Including              75.20        75.90              0.70         14.10
And                    76.70        77.35              0.65          6.89
CM-18-010              26.55        27.40              0.85          8.15
                       30.30        31.00              0.70          4.49
                       40.70        42.40              1.70          8.64
Including              40.70        41.40              0.70         15.80
                       44.70        50.55              5.85         10.70
Including              44.70        45.40              0.70         42.80
And                    46.50        47.00              0.50          6.32
And                    47.60        48.60              1.00          7.02
And                    49.50        50.55              1.05         19.25
                       51.30        51.90              0.60          3.41
                       52.50        53.00              0.50          9.62
CM-18-011              81.75        82.60              0.85         38.50
                      192.00       192.50              0.50          3.55
                      195.90       197.00              1.10          5.69
                      348.90       349.50              0.60          7.60
CM-18-012             102.00       102.50              0.50          4.31
                      105.85       106.35              0.50          4.58
                      109.45       111.60              2.15          8.49
Including             105.85       106.35              0.50          4.58
And                   110.70       111.60              0.90          6.14
                      113.75       116.90              3.15         24.69
Including             113.75       114.25              0.50         15.70
And                   114.25       114.90              0.65         15.85
And                   114.90       115.60              0.70         60.60
And                   116.40       116.90              0.50         32.00
                      122.75       129.75              7.00          5.49
Including             122.75       123.40              0.65          8.20
And                   123.40       124.30              0.90         26.70
And                   129.15       129.75              0.60          6.71
CM-18-013              56.70        60.40              3.70         23.18
Including              56.70        57.20              0.50         45.10
And                    57.80        58.30              0.50         52.20
And                    59.90        60.40              0.50         71.50
                       75.80        76.30              0.50         10.20
                       90.60        91.10              0.50         63.80
                      123.50       124.00              0.50         26.80
                      133.00       133.50              0.50         15.15
CM-18-014              44.70        45.20              0.50          6.28
                      138.50       139.00              0.50         56.00
                      180.95       182.00              1.05          4.69
                      200.50       202.10              1.60          8.22
CM-18-015             122.50       123.50              1.00          5.11
                      189.60       190.10              0.50         10.50
                      226.60       227.50              0.90         15.45
CM-18-016              49.10        50.00              0.90          5.15
                       74.00        76.50              2.50          7.84
Including              74.50        75.10              0.60         29.70
                       90.00        90.70              0.70          7.95
                       98.40        99.00              0.60          8.65
                      100.70       101.20              0.50         11.15
CM-18-017              17.75        18.25              0.50          9.23
                      145.95       148.90              2.95         20.41
Including             145.95       146.80              0.85         21.80
And                   147.40       148.90              1.50         27.70
                      165.50       166.65              1.15         22.21
                      166.15       166.65              0.50         36.40
CM-18-018             117.70       118.20              0.50         10.40
                      126.10       130.20              4.10          4.61
                      126.10       126.70              0.60         19.65
                      127.60       128.10              0.50          8.98
                      188.25       189.45              1.20        109.05
Including             188.25       188.85              0.60         21.10
And                   188.85       189.45              0.60        197.00
                      240.20       240.85              0.65          7.29
                      242.70       243.80              1.10          6.42
                      250.35       251.30              0.95          8.81
CM-18-019              24.70        25.20              0.50          9.74
                      101.00       102.00              1.00         22.90
                      111.00       113.00              2.00          9.03
                      111.90       112.50              0.60         27.00
                      168.70       169.30              0.60         12.05
                      185.00       186.00              1.00         17.90
                      202.30       202.80              0.50          4.91
CM-18-020             122.00       122.50              0.50         24.80
CM-18-021             159.40       160.00              0.60          5.13
                      179.20       179.70              0.50         12.50
                      302.90       304.05              1.15          4.73
CM-18-022              28.90        29.60              0.70         15.80
                       75.70        76.20              0.50         12.30
                      128.50       133.00              4.50          4.18
Including             132.20       133.00              0.80          9.33
                      146.50       147.00              0.50          4.34
                      210.60       211.10              0.50         14.80
CM-18-023             189.50       190.00              0.50         20.60
                      198.40       199.00              0.60         10.70
                      206.60       207.10              0.50         15.45
CM-18-024              73.50        76.95              3.45         11.17
Including              73.50        75.00              1.50          7.98
And                    76.00        76.95              0.95         27.50
                      119.00       123.00              4.00         26.33
Including             119.00       119.50              0.50          5.43
And                   119.50       120.00              0.50         14.20
And                   120.00       121.00              1.00         86.00
And                   121.00       121.70              0.70          6.11
And                   121.70       122.30              0.60          1.46
And                   122.30       123.00              0.70          6.24
                      157.20       157.70              0.50          4.28
CM-18-025                             No significant assays
CM-18-026              93.60        94.10              0.50         12.35
                      147.00       147.60              0.60         14.70
                      189.00       189.50              0.50          6.49
                      197.00       198.00              1.00          5.71
                      218.50       219.00              0.50         26.80
                      251.80       252.50              0.70          5.48
                      310.00       310.60              0.60          7.42
CM-18-027                                    Hole abandoned
CM-18-028             144.00       145.50              1.50         21.50
                      166.00       166.50              0.50         21.00
                      179.70       180.80              1.10         16.65
Including             180.20       180.80              0.60         28.30
                      210.70       211.80              1.10         23.40
                      216.25       217.25              1.00          4.56
                      253.70       254.85              1.15          6.65
                      256.90       257.40              0.50         19.60
                      271.50       272.00              0.50          8.92
CM-18-029              21.75        22.25              0.50         17.80
                       26.95        27.45              0.50         80.60
                       64.15        65.15              1.00         42.50
                       97.50        98.00              0.50          6.67
                      128.85       129.70              0.85         13.90
                      186.15       186.65              0.50          4.11
                      219.00       219.85              0.85        160.50
                      230.25       231.00              0.75          4.00
                      251.00       253.10              2.10         39.81
Including             251.00       251.50              0.50         89.00
And                   252.50       253.10              0.60         65.00
                      266.30       269.20              2.90          3.73
Including             268.05       269.20              1.15          7.35
                      322.10       322.60              0.50          4.78
CM-18-030             193.00       194.50              1.50          4.15
                      249.30       250.25              0.95          6.14
                      275.05       275.55              0.50          5.34
                      320.12       320.62              0.50         59.50
                      340.00       340.85              0.85         21.00
                      357.50       358.30              0.80          4.78
                      374.25       375.12              0.87          4.67
CM-18-031              59.90        60.40              0.50          4.90
                       75.00        75.60              0.60          4.77
                      138.00       139.00              1.00         18.05
                      173.50       175.50              2.00          6.70
Including             174.00       175.00              1.00          9.02
                      226.55       227.10              0.55         18.55
CM-18-032              39.50        40.00              0.50          5.56
CM-18-033              19.90        21.95              2.05         16.94
                      122.45       123.50              1.05          6.38
Including             122.45       123.00              0.55          8.89
                      315.55       316.20              0.65         11.00
                      320.65       322.35              1.70          6.52
Including             320.65       321.20              0.55         12.05
                      337.50       338.75              1.25          8.75
                      338.25       338.75              0.50         18.10
                      353.85       355.00              1.15          4.61
CM-18-034             161.50       164.20              2.70          9.33
Including             161.50       162.00              0.50          5.01
And                   163.10       163.60              0.50         41.20
                      185.40       186.00              0.60          5.60
CM-18-035              70.00        70.50              0.50          7.67
CM-18-036              58.50        59.00              0.50         54.10
                       66.75        67.75              1.00         41.28
Including              66.75        67.25              0.50         76.50
                       71.00        71.75              0.75          4.46
                       88.30        89.00              0.70          4.80
                      143.00       143.50              0.50         26.00
                      145.35       145.85              0.50         84.20
CM-18-037              24.15        25.00              0.85          5.80
                      101.00       102.15              1.15          9.04
                      258.00       259.70              1.70          3.73
                      259.20       259.70              0.50          8.34
                      283.40       284.00              0.60         10.70
CM-18-038              26.00        26.70              0.70         18.80
                      121.10       122.20              1.10          9.70
                      129.70       130.40              0.70         10.25
                      136.30       137.00              0.70         10.15
CM-18-039             100.45       101.10              0.65          9.25
                      104.50       105.40              0.90          5.51
                      141.20       143.40              2.20         21.98
Including             141.20       141.70              0.50         47.50
And                   142.25       142.75              0.50         32.30
And                   142.75       143.40              0.65         12.65
                      145.70       146.50              0.80          4.98
                      191.70       192.50              0.80          6.96
                      195.00       195.50              0.50        377.00
                      198.50       200.00              1.50          6.26
CM-18-040              22.70        24.00              1.30         66.40
                      125.45       126.40              0.95          8.72
                      130.00       130.50              0.50         52.70
                      172.65       173.15              0.50          4.85
CM-18-041             135.00       135.50              0.50          5.72
                      209.00       209.50              0.50          7.24
                      248.00       248.70              0.70          9.14
                      279.00       280.15              1.15          8.17
                      282.15       282.65              0.50          4.09
                      306.00       307.20              1.20         14.95
                      317.50       318.00              0.50         40.10
                      368.00       368.50              0.50         19.15
CM-18-042              43.75        45.35              1.60          5.04
Including              44.85        45.35              0.50         10.50
CM-18-043              35.70        37.90              2.20          6.96
Including              35.70        36.40              0.70         14.90
                       55.80        58.85              3.05         19.73
Including              56.30        57.00              0.70         13.15
And                    58.00        58.85              0.85         56.90
                      118.80       119.30              0.50         21.20
CM-18-044              31.15        31.75              0.60          8.33
CM-18-045              27.30        28.10              0.80         11.95
                       33.80        37.10              3.30          5.84
Including              36.45        37.10              0.65         15.15
                       68.00        73.05              5.05         13.07
Including              68.00        69.00              1.00         10.65
And                    69.85        70.60              0.75         51.50
And                    72.55        73.05              0.50         32.80
                       93.70        94.70              1.00         12.40
CM-18-046              77.40        77.90              0.50         27.50
                       84.50        85.00              0.50         28.30
                       90.90        91.50              0.60          5.29
                       94.70        96.70              2.00         14.88
Including              95.25        96.20              0.95         27.70
                      111.70       112.20              0.50         14.10
                      115.50       117.30              1.80          9.81
Including             115.50       116.50              1.00         11.80
                      219.85       221.50              1.65         24.60
Including             219.85       220.35              0.50         63.20
And                   221.00       221.50              0.50         15.95
CM-18-047             152.70       153.20              0.50         27.70
                      183.30       183.90              0.60          5.46
                      188.50       189.10              0.60          8.35
CM-18-048               9.90        10.45              0.55         20.80
                       22.20        23.00              0.80          5.89
                       46.50        49.10              2.60          6.69
Including              46.50        47.00              0.50         13.55
                       65.70        66.20              0.50         19.30
                       76.96        77.96              1.00         14.50
                       86.70        87.90              1.20          6.93
                      214.15       216.15              2.00         17.31
                      280.35       281.10              0.75          7.14
CM-18-049              97.00        98.00              1.00          5.64
                      114.10       117.60              3.50         21.69
Including             114.10       114.60              0.50        101.00
And                   115.10       115.60              0.50         18.35
And                   116.10       116.60              0.50         10.10
And                   117.10       117.60              0.50         17.20
                      157.30       158.30              1.00          5.64
                      168.30       168.90              0.60         52.20
                      194.50       195.00              0.50          4.64
                      213.55       215.75              2.20         24.40
                      230.30       231.25              0.95         16.75
CM-18-050                             No significant assays

True widths are estimated to be 50 to 75 per cent of reported core length 
intervals. Intervals not recovered by drilling were assigned zero grade. 
Top cuts have not been applied to high-grade assays.

We seek Safe Harbor.

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