Mr. Chris Lodder reports
BARKERVILLE GOLD MINES INTERSECTS 11.82 G/T (0.34 OZ/T) AU OVER 10.10 METRES INCLUDING 68.80 G/T (2.01 OZ/T) AU OVER 1.30 METRES IN COW MOUNTAIN PHASE I DRILLING
Barkerville Gold Mines Ltd.
has released results from the continuing phase I exploration and category conversion drilling program on Cow Mountain at the company's flagship Cariboo gold project (CGP). The results of these drill holes are presented in the table.
Drilling highlights:
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BGM-16-366: 16.97 grams per tonne (0.49 ounce per ton) gold over 2.70 metres, including 87.60 g/t (2.56 ounces per ton) Au over 0.50 metre;
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BGM-16-367: 8.70 g/t (0.25 ounce per ton) Au over 4.50 metres, including 20.23 g/t (0.59 ounce per ton) Au over 1.90 metres, including 8.64 g/t (0.25 ounce per ton) Au over one metre and 33.10 g/t (0.97 ounce per ton) Au over 0.90 metre;
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BGM-16-369: 20.31 g/t (0.59 ounce per ton) Au over 5.70 metres, including 46.26 g/t (1.35 ounces per ton) Au over 2.40 metres, including 121.50 g/t (3.54 ounces per ton) Au over 0.80 metre and 12.40 g/t (0.36 ounce per ton) Au over one metre;
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BGM-16-377: 31.94 g/t (0.93 ounce per ton) Au over 2.70 metres, including 57.33 g/t (1.67 ounces per ton) Au over 1.50 metres, including 21.40 g/t (0.62 ounce per ton) Au over 0.5 metre and 75.30 g/t (2.20 ounces per ton) Au over one metre;
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BGM-16-380: 11.82 g/t (0.34 ounce per ton) Au over 10.10 metres, including 9.45 g/t (0.28 ounce per ton) Au over one metre and 68.80 g/t (2.01 ounces per ton) Au over 1.30 metres;
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BGM-16-385: 10.98 g/t (0.32 ounce per ton) Au over 5.50 metres, including 33.53 g/t (0.98 ounce per ton) Au over 1.70 metres, including 12.85 g/t (0.37 ounce per ton) Au over 0.85 metre and 54.20 g/t (1.58 ounces per ton) Au over 0.85 metre;
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BGM-16-400: 13.15 g/t (0.38 ounce per ton) Au over 4.25 metres, including 43.20 g/t (1.26 ounces per ton) Au over 1.20 metres.
*Note: Reported core lengths represent 50 to 75 per cent of true widths.
Phase I drilling
The continuing 30,000-metre phase I drilling program at Cow Mountain is currently optimizing inferred gold mineralization within a conceptual open pit. As per the updated 2015 Cow Mountain resource estimate performed by Snowden Mining Industry Consultants (Snowden), of Vancouver, B.C. (refer to company's news release dated March 31, 2015), drilling by previous operators from 1938 to 1981 was classified as inferred mineralization because of lessened data confidence and was not simply a function of wider drill hole spacing. The BGM phase I program is explicitly targeting these areas by replacing the historical gold intersections with modern drilling that conforms to Canadian Institute of Mining, Metallurgy and Petroleum best practices and quality assurance/quality control procedures. Based upon the phase I drilling results to date, there has been excellent correlation between the historic mineralized intervals and the new 2016 phase I drilling.
"These latest drill results, along with ongoing mapping, underground sampling, geologic modelling and historic data validation, continue to add positively to our confidence level of the Cow Mountain gold mineralization," commented Chris Lodder, president and chief executive officer of BGM. "After completion of this drilling program the rigs will be moved to begin drilling on Island Mountain and thus allow us to analyze the drill data and begin planning the next work program on Cow Mountain. We expect to have a resource statement for all exploration targets sometime in 2017."
Qualified persons
Exploration activities at the Cariboo gold project are jointly administered on-site by the company's project managers, Maggie Layman, PGeo, and Wanda Carter, PGeo. As per National Instrument 43-101, Paul Geddes, PGeo, vice-president of exploration, is the qualified person for the company, and has prepared, validated and approved the technical 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, 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 Mr. Geddes.
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 five parts per billion and upper limit of 10,000 ppb. Samples with gold assays greater than 10,000 ppb are reanalyzed using 50 g fire assay with gravimetric finish, as well as 1,000 g screen metallic fire assay. Samples are also analyzed using a 48-multielemental 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).
Length-weighted gold composites for drill holes BGM-16-362 through BGM-16-400 are shown in the table.
COW MOUNTAIN DRILL RESULTS
Hole ID From To Length Au Au
(m) (m) (m) (g/t) (oz/t)
BGM-16-362 67.00 68.10 1.10 38.88 1.13
incl. 67.00 67.65 0.65 55.20 1.61
and 67.65 68.10 0.45 15.30 0.45
BGM-16-362 89.50 90.00 0.50 6.10 0.18
BGM-16-363 6.61 8.00 1.39 6.52 0.19
BGM-16-363 85.50 86.00 0.50 7.58 0.22
BGM-16-364 10.50 23.10 12.60 1.17 0.03
BGM-16-365 27.15 28.35 1.20 60.80 1.77
BGM-16-366 154.50 157.20 2.70 16.97 0.49
incl. 155.20 155.70 0.50 87.60 2.56
BGM-16-367 46.50 51.00 4.50 8.70 0.25
incl. 48.00 49.90 1.90 20.23 0.59
incl. 48.00 49.00 1.00 8.64 0.25
and 49.00 49.90 0.90 33.10 0.97
BGM-16-367 58.00 59.00 1.00 14.20 0.41
BGM-16-368 NSA
BGM-16-369 59.00 64.70 5.70 20.31 0.59
incl. 59.00 61.40 2.40 46.26 1.35
incl. 59.00 59.80 0.80 121.50 3.54
and 60.40 61.40 1.00 12.40 0.36
BGM-16-370 24.00 25.50 1.50 2.66 0.08
BGM-16-371 50.65 54.50 3.85 5.60 0.16
incl. 51.15 51.85 0.70 7.45 0.22
and 54.00 54.50 0.50 26.60 0.78
BGM-16-372 44.90 46.00 1.10 9.08 0.26
BGM-16-373 Pending
BGM-16-374 32.00 33.80 1.80 14.63 0.43
incl. 32.00 33.00 1.00 16.50 0.48
and 33.00 33.80 0.80 12.30 0.36
BGM-16-374 52.50 53.10 0.60 19.50 0.57
BGM-16-374 63.50 65.00 1.50 6.32 0.18
BGM-16-375 38.50 39.70 1.20 3.39 0.10
BGM-16-376 11.00 12.00 1.00 8.18 0.24
BGM-16-377 62.30 65.00 2.70 31.94 0.93
incl. 62.30 63.80 1.50 57.33 1.67
incl. 62.30 62.80 0.50 21.40 0.62
and 62.80 63.80 1.00 75.30 2.20
BGM-16-378 NSA
BGM-16-379 14.50 15.20 0.70 6.68 0.19
BGM-16-379 32.45 34.60 2.15 8.31 0.24
incl. 32.45 33.10 0.65 25.00 0.73
BGM-16-379 58.60 59.55 0.95 11.20 0.33
BGM-16-379 71.40 72.90 1.50 31.00 0.90
BGM-16-380 37.50 47.60 10.10 11.82 0.34
incl. 37.50 38.50 1.00 9.45 0.28
and 46.30 47.60 1.30 68.80 2.01
BGM-16-381 69.00 72.00 3.00 8.45 0.25
incl. 69.00 69.80 0.80 20.70 0.60
and 69.80 70.60 0.80 10.25 0.30
BGM-16-382 NSA
BGM-16-382 NSA
BGM-16-383 14.10 15.00 0.90 7.42 0.22
BGM-16-383 49.35 50.00 0.65 12.30 0.36
BGM-16-383 54.00 55.50 1.50 12.65 0.37
BGM-16-384 NSA
BGM-16-385 54.50 60.00 5.50 10.98 0.32
incl. 55.35 57.05 1.70 33.53 0.98
incl. 55.35 56.20 0.85 12.85 0.37
and 56.20 57.05 0.85 54.20 1.58
BGM-16-386 41.00 44.25 3.25 13.29 0.39
incl. 42.40 43.00 0.60 34.70 1.01
and 43.00 44.25 1.25 13.00 0.38
BGM-16-386 60.30 61.70 1.40 5.54 0.16
BGM-16-387 Pending
BGM-16-388 Pending
BGM-16-389 57.40 58.00 0.60 14.85 0.43
BGM-16-389 57.40 58.00 0.60 14.85 0.43
BGM-16-389 68.57 69.10 0.53 17.20 0.50
BGM-16-389 68.57 69.10 0.53 17.20 0.50
BGM-16-389 70.55 71.05 0.50 11.15 0.33
BGM-16-389 70.55 71.05 0.50 11.15 0.33
BGM-16-389 76.90 77.35 0.45 6.01 0.18
BGM-16-389 76.90 77.35 0.45 6.01 0.18
BGM-16-390 NSA
BGM-16-391 Abandoned
BGM-16-392 NSA
BGM-16-393 NSA
BGM-16-394 25.00 26.00 1.00 6.63 0.19
BGM-16-394 41.67 42.50 0.83 13.55 0.40
BGM-16-394 79.52 80.35 0.83 5.58 0.16
BGM-16-394 93.85 94.72 0.87 5.18 0.15
BGM-16-394 105.50 106.15 0.65 7.55 0.22
BGM-16-395 NSA
BGM-16-396 48.15 49.00 0.85 16.25 0.47
BGM-16-397 47.00 48.00 1.00 23.50 0.69
BGM-16-397 115.00 116.00 1.00 18.00 0.53
BGM-16-398 53.50 54.00 0.50 15.70 0.46
BGM-16-399 47.60 48.12 0.52 11.75 0.34
BGM-16-399 50.35 51.10 0.75 6.49 0.19
BGM-16-399 52.20 53.00 0.80 34.70 1.01
BGM-16-400 31.75 36.00 4.25 13.15 0.38
incl. 31.75 32.95 1.20 43.20 1.26
* Core lengths represent 50 to 75 per cent of true widths.
Rock not recovered by drilling was assigned zero grade and not
included in the composites. Top cuts have not been applied to
high-grade assays.
NSA -- no significant assays.
We seek Safe Harbor.
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