Dr. Elena Clarici reports
BARKERVILLE GOLD MINES REPORTS THAT A NEW GOLD MINERALIZED ZONE WAS DISCOVERED BY DRILL HOLES CONDUCTED ON COW MOUNTAIN IN 2014
Barkerville Gold Mines Ltd. has discovered a new gold mineralized zone by four of the 10 diamond drill holes conducted on Cow Mountain between June 20 and Aug. 13, 2014: namely CM14-07, 08, 09 and 10.
The new zone, which is outside of the previously proposed open pit and about 570 metres (1,875 feet) to the mine grid southeast from the centre of the proposed open pit, runs 110 degrees to the local mine grid. The controlled length of the zone via four diamond drill holes on two set-ups is approximately 34.3 metres (112.5 feet). The intercepted width of the new zone varies between 10.0 and 18.3 metres and its grade varies between 1.401 and 3.459 grams per tonne gold.
The new zone which is located at the Rainbow 3, Rainbow 4 contact and close to the Rainbow, B.C., Lowhee contact, is a combination of both the quartz-pyrite vein and replacement styles of mineralization.
The new zone confirms the existence of the Wells trend, a soil geochemical anomaly found in 2000 after a large-scale soil sampling program in the area.
The 2014 diamond drill program conducted on Cow Mountain included a total of 4,142.3 metres (13,590.0 feet) in 10 surface diamond drill holes.
The objective of the 2014 drill program is to gain a better understanding of the potential of both the Baker, Rainbow contact and the Rainbow, B.C., argillite, Lowhee contact. The first six drill holes were collared on two drill pads at the Baker, Rainbow contact, which was on a drill gap at the mine grid northeast border of the proposed open pit. All six drill holes cut into weak replacement pyrite mineralization hosted mainly in strongly calcareous chlorite phyllite and quartzite with minor marble bands locally, though the assay results of these samples were not encouraging, likely due to the existence of pyrrhotite. These drill holes did intercept pyrite-quartz veins bearing gold.
SIGNIFICANT INTERCEPTS FROM THE 2014 DIAMOND DRILL PROGRAM
CONDUCTED ON COW MOUNTAIN
Drill pad From To Width Au
and DDH No. (ft) (m) (ft) (m) (ft) (m) g/t oz/t
A
CM14-01 494.2 150.6 512.1 156.1 17.9 5.5 3.589* 0.105*
including 500.7 152.6 502.2 153.1 1.5 0.5 25.40 0.741
547.8 167.0 550.8 167.9 3.0 0.9 1.890 0.055
573.2 174.7 580.0 176.8 6.8 2.1 1.572 0.046
661.3 201.6 666.0 203.0 4.7 1.4 2.687 0.078
706.0 215.2 711.3 216.8 5.3 1.6 4.035* 0.118*
1,054.0 321.3 1,057.0 322.2 3.0 0.9 3.243 0.095
1,315.7 401.0 1,317.2 401.5 1.5 0.5 3.003 0.088
1,341.0 408.7 1,343.2 409.4 2.2 0.7 3.395 0.099
CM14-02 548.0 167.0 554.0 168.9 6.0 1.8 1.320 0.038
650.4 198.2 654.2 199.4 3.8 1.2 5.305 0.155
794.0 242.0 795.4 242.4 1.4 0.4 11.90 0.347
859.2 261.9 862.7 263.0 3.5 1.1 1.123 0.033
884.0 269.4 885.9 270.0 1.9 0.6 24.10 0.703
1,089.7 332.1 1,093.0 333.2 3.3 1.0 3.315 0.097
CM14-03 988.0 301.1 998.0 304.2 10.0 3.0 4.538 0.132
CM14-04 No significant assay
B
CM14-05 744.5 226.9 746.2 227.4 1.7 0.5 1.359 0.040
846.5 258.0 855.2 260.7 8.7 2.7 1.551* 0.045*
1,008.0 307.2 1,020.8 311.1 12.8 3.9 2.893* 0.084*
including 1,008.0 307.2 1,011.4 308.3 3.4 1.0 10.50 0.306
1,147.7 349.8 1,164.8 355.0 17.1 5.2 2.419* 0.071*
including 1,147.7 349.8 1,152.2 351.2 4.5 1.4 8.162 0.238
1,280.4 390.3 1,282.2 390.8 1.8 0.5 1.805 0.053
1,581.6 482.1 1,586.4 483.5 4.8 1.5 4.317 0.126
CM14-06 826.0 251.8 828.0 252.4 2.0 0.6 6.059 0.177
845.2 257.6 858.3 261.6 13.1 4.0 4.500* 0.131*
1,141.7 348.0 1,147.6 349.8 5.9 1.8 1.143 0.033
1,350.3 411.6 1,356.2 413.4 5.9 1.8 1.501 0.044
1,364.0 415.8 1,367.6 416.8 3.6 1.1 1.393 0.041
C
CM14-07 114.7 35.0 154.2 47.0 39.5 12.0 2.161* 0.063*
including 119.4 36.4 142.0 43.3 22.6 6.9 3.459* 0.101*
including 133.8 40.8 142.0 43.3 8.2 2.5 5.353 0.156
CM14-08 116.0 35.4 126.0 38.4 10.0 3.0 3.188 0.093
206.0 62.8 263.3 80.3 57.3 17.5 2.700* 0.079*
including 226.0 68.9 263.3 80.3 37.3 11.4 3.895* 0.114*
including 236.0 71.9 263.3 80.3 27.3 8.3 4.293* 0.125*
including 236.0 71.9 256.0 78.0 20.0 6.1 5.356* 0.156*
726.0 221.3 736.0 224.3 10.0 3.0 1.097 0.032
D
CM14-09 146.0 44.5 206.0 62.8 60.0 18.3 2.100* 0.061*
including 197.6 60.2 206.0 62.8 8.4 2.6 10.50 0.306
555.1 169.2 559.0 170.4 3.9 1.2 1.307 0.038
CM14-10 204.1 62.2 237.0 72.2 32.9 10.0 1.401* 0.041*
765.2 233.2 767.0 233.8 1.8 0.5 1.189 0.035
Note: * weighted assays
Drill holes CM14-07, 08, 09 and 10 were collared at the Rainbow, B.C., Lowhee contact.
Highlights include:
- CM14-01:
5.5 metres (17.9 feet) of 3.589 grams per tonne (0.105 ounce per ton) gold between 150.6 and 156.1 metres (494.2 and 512.1 feet), including 0.5 metre (1.5 feet) of 25.40 grams per tonne (0.741 ounce per ton) gold between 152.6 and 153.1 metres (500.7 and 502.2 feet);
- CM14-02:
1.2 metres (3.8 feet) of 5.305 grams per tonne (0.155 ounce per ton) gold between 198.2 and 199.4 metres (650.4 and 654.2 feet),
0.4 metre (1.4 feet) of 11.90 grams per tonne (0.347 ounce per ton) gold between 242.0 and 242.4 metres (794.0 and 795.4 feet) and
0.6 metre (1.9 feet) of 24.10 grams per tonne (0.703 ounce per ton) gold between 269.4 and 270.0 metres (884.0 and 885.9 feet);
- CM14-03:
three metres (10.0 feet) of 4.538 grams per tonne (0.132 ounce per ton) gold between 301.1 and 304.2 metres (988.0 and 998.0 feet);
- CM14-05: 3.9 metres (12.8 feet) of 2.893 grams per tonne (0.084 ounce per ton) gold between 307.2 and 311.1 metres (1,008.0 and 1,020.8 feet),
including one metre (3.4 feet) of 10.50 grams per tonne (0.306 ounce per ton) gold between 307.2 and 308.3 metres (1,008.0 and 1,011.4 feet),
5.2 metres (17.1 feet) of 2.419 grams per tonne (0.071 ounce per ton) gold between 349.8 and 355.0 metres (1,147.7 and 1,164.8 feet),
including 1.4 metres (4.5 feet) of 8.162 grams per tonne (0.238 ounce per ton) gold between 349.8 and 351.2 metres (1.147.7 and 1,152.2 feet),
and 1.5 metres (4.8 feet) of 4.317 grams per tonne (0.126 ounce per ton) gold between 482.1 and 483.5 metres (1,581.6 and 1,586.4 feet);
- CM14-06:
four metres (13.1 feet) of 4.500 grams per tonne (0.131 ounce per ton) gold between 257.6 and 261.6 metres (845.2 and 858.3 feet);
- CM14-07:
12.0 metres (39.5 feet) of 2.161 grams per tonne (0.063 ounce per ton) gold between 35.0 and 47.0 metres (114.7 and 154.2 feet),
including 2.5 metres (8.2 feet) of 5.353 grams per tonne (0.156 ounce per ton) gold between 40.8 and 43.3 metres (133.8 and 142.0 feet);
- CM14-08:
17.5 metres (57.3 feet) of 2.700 grams per tonne (0.079 ounce per ton) gold between 62.8 and 80.3 metres (206.0 and 263.3 feet),
including 6.1 metres (20.0 feet) of 5.356 grams per tonne (0.156 ounce per ton) gold between 71.9 and 78.0 metres (236.0 and 256.0 feet);
- CM14-09:
18.3 metres (60.0 feet) of 2.100 grams per tonne (0.061 ounce per ton) gold between 44.5 and 62.8 metres (146.0 and 206.0 feet),
including 2.6 metres (8.4 feet) of 10.50 grams per tonne (0.306 ounce per ton) gold between 60.2 and 62.8 metres (197.6 and 206.0 feet);
- CM14-10:
10.0 metres (32.9 feet) of 1.401 grams per tonne (0.014 ounce per ton) gold between 62.2 and 72.2 metres (204.1 and 237.0 feet).
All significant intercepts from CM14 drill holes described above may not be the true widths. Due to the complexity and variety of quartz veins, namely strike, diagonal and orthogonal veins, and limited diamond drill holes, the true widths will be determined after additional drill holes are conducted and the 3-D geological model is completed.
Drill core processing includes descriptive logging and sampling for geochemical analyses. The NQ-sized drill core was cut in two halves using saws at the company's Lowhee Creek compound in Wells-Barkerville, B.C. One-half of the core was put in a sample bag. After all of the samples were placed in rice bags at the mine site, they were transported by BGM's employees to a shipping company in Quesnel for transshipment to ACME Labs in Vancouver for analysis. Sample preparation and geochemical assaying were done at ACME, following its own internal standards for quality control and verification. The gold assaying method uses a 50-gram lead collection/gravimetric fire assay with AAS finish. ACME is certified under the Assayers Certification Program of B.C.
The technical information in this news release has been reviewed and approved by chief
geologist Dr. Jim Yin, PhD, PGeo, a qualified person as defined in National Instrument 43-101.
The board would like to thank its shareholders for their continuing support.
We seek Safe Harbor.
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