Mr. Chris Lodder reports
BGM INTERSECTS 24.16 G/T AU OVER 14.55 METERS ON ISLAND MOUNTAIN
Barkerville Gold Mines Ltd. has released drilling results from the 50,000-metre 2018 Island Mountain exploration and delineation programs at the company's flagship Cariboo gold project. Detailed drilling results, a drill hole location plan map and vertical sections are presented on the company's website. True widths are estimated to be 50 to 75 per cent of reported core length intervals. The company currently has seven drill rigs exploring and delineating mineralized vein corridors on Island Mountain. An eighth drill rig is exploring regional targets six kilometres southeast of Barkerville Mountain.
Drilling highlights:
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IM-18-001: 101.98 grams per tonne gold over 2.15 metres;
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IM-18-001: 7.65 g/t Au over 10.60 metres;
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IM-18-005: 14.69 g/t Au over 15.80 metres;
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IM-18-006: 10.87 g/t Au over 6.00 metres;
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IM-18-006: 24.16 g/t Au over 14.55 metres;
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IM-18-009: 52.65 g/t Au over 2.50 metres;
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IM-18-010: 19.64 g/t Au over 3.85 metres;
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IM-18-019: 11.35 g/t Au over 6.30 metres;
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IM-18-022 34.57 g/t Au over 4.20 metres.
Vein zone continuity on Island Mountain
The 2018 drill program at Island Mountain is designed to infill and expand known vein corridors on the property. Continuity and extensions of mineralized vein corridors on Island Mountain are demonstrated from recent results. Island Mountain hole IM-18-006 intersected 24.16 g/t Au over 14.55 metres, 140 metres updip of IM-18-019 that assayed 11.35 g/t Au over 6.30 metres. These intercepts are within and adjacent to modelled vein corridors. IM-18-005 intersected 14.69 g/t Au over 15.80 metres, 35 metres updip from a modelled vein corridor and IM-18-010 that assayed 19.64 g/t Au over 3.85 metres.
Corridors discussion
Mineralized quartz veins on the Cariboo gold project are hosted within the sandstones and are an anastomosing network of high vein density with an overall subvertical dip and northeast strike. Recent modelling of the vein corridors Island Mountain proposes 64 mineralized vein corridors. These vein corridors have estimated horizontal width of three metres and a strike length of up to 300 metres. These corridors have been defined from surface to a vertical depth of 600 metres and remain open for expansion at depth and down plunge. Drill hole spacing in the corridors currently averages 25 metres between drilling sections with vertical drilling separations ranging from 20 to 75 metres with hole spacing increasing at depth. 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 exploration manager, Maggie Layman, 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 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 (QC) 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 the company's qualified person, 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-gram 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. Selected 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).
About Barkerville Gold Mines Ltd.
The company is focused on developing its extensive land package located in the historical Cariboo mining district of central British Columbia. Barkerville's mineral tenures cover 2,110 square kilometres along a strike length of 67 kilometres, which includes several past-producing hardrock mines of the historical Barkerville gold mining camp near the town of Wells, B.C. An extensive drill program is currently under way with the goal of delineating additional high-grade gold mineralization.
LENGTH-WEIGHTED GOLD COMPOSITES FROM ISLAND MOUNTAIN
Hole From To Core length Au
ID (m) (m) (m) (g/t)
IM-18-001 64.75 67.90 3.15 5.52
including 64.75 65.35 0.60 12.65
139.20 139.70 0.50 21.00
144.70 145.90 1.20 5.74
191.30 194.35 3.05 4.52
including 191.30 192.30 1.00 7.96
and 193.35 194.35 1.00 5.74
348.45 350.60 2.15 101.98
including 348.45 349.10 0.65 18.50
and 350.00 350.60 0.60 345.00
372.85 373.55 0.70 6.42
378.15 388.75 10.60 7.65
including 378.15 378.90 0.75 48.60
and 382.10 383.30 1.20 12.30
and 385.05 385.65 0.60 7.80
and 387.60 388.75 1.15 8.45
397.35 397.85 0.50 37.50
412.75 414.25 1.50 6.71
IM-18-002 66.60 67.10 0.50 6.69
136.85 138.00 1.15 11.10
158.50 160.00 1.50 15.50
210.90 212.20 1.30 28.60
255.25 256.00 0.75 7.32
IM-18-003 68.20 70.40 2.20 6.35
including 68.20 69.15 0.95 8.57
and 69.90 70.40 0.50 10.80
132.20 132.90 0.70 20.70
140.85 141.35 0.50 10.25
160.00 161.00 1.00 7.70
218.50 219.35 0.85 4.80
IM-18-004 42.00 42.60 0.60 5.11
68.40 69.65 1.25 10.85
92.60 93.20 0.60 5.21
122.80 125.35 2.55 9.11
including 123.30 124.80 1.50 11.75
137.50 138.50 1.00 8.12
141.85 142.35 0.50 4.32
156.85 158.15 1.30 29.10
IM-18-005 36.70 37.20 0.50 23.70
38.30 39.00 0.70 29.40
42.50 44.50 2.00 6.51
42.50 43.00 0.50 3.84
44.00 44.50 0.50 20.30
51.50 52.15 0.65 10.20
57.95 59.00 1.05 39.00
121.00 121.80 0.80 11.00
162.90 178.70 15.80 14.69
including 162.90 164.00 1.10 7.46
and 164.00 164.50 0.50 199.00
and 168.05 168.95 0.90 59.70
and 169.50 171.00 1.50 22.70
and 174.40 174.90 0.50 17.35
and 178.00 178.70 0.70 16.75
193.85 194.40 0.55 31.30
196.20 197.00 0.80 11.60
IM-18-006 99.00 105.00 6.00 10.87
including 99.00 100.00 1.00 7.51
and 101.00 101.50 0.50 45.00
and 103.30 103.80 0.50 17.45
and 103.80 104.30 0.50 35.10
116.00 117.50 1.50 18.15
162.00 162.50 0.50 7.26
175.00 176.00 1.00 5.91
182.20 196.75 14.55 24.16
including 182.20 183.00 0.80 63.40
and 186.60 187.20 0.60 75.10
and 187.20 188.00 0.80 33.50
and 194.10 195.00 0.90 17.45
and 195.00 196.00 1.00 164.00
and 196.00 196.75 0.75 11.50
248.00 248.90 0.90 14.10
282.00 283.40 1.40 9.61
291.00 291.50 0.50 6.77
297.00 298.50 1.50 4.66
including 298.00 298.50 0.50 6.74
IM-18-006-1 183.50 184.00 0.50 11.90
187.80 191.50 3.70 25.96
including 189.65 190.40 0.75 59.70
IM-18-007 238.00 239.05 1.05 6.95
IM-18-008 55.00 55.50 0.50 5.00
149.10 150.50 1.40 9.91
319.75 320.25 0.50 9.50
IM-18-009 43.75 46.25 2.50 52.65
including 44.25 45.75 1.50 85.60
51.10 51.85 0.75 11.75
57.10 58.00 0.90 5.78
68.50 69.00 0.50 4.74
80.95 81.50 0.55 8.32
94.15 95.30 1.15 16.70
96.70 97.30 0.60 18.25
200.95 201.50 0.55 7.10
269.30 270.15 0.85 12.45
277.40 278.10 0.70 8.27
406.00 407.40 1.40 4.76
IM-18-010 17.70 20.20 2.50 44.66
including 17.70 18.20 0.50 166.50
and 18.20 18.80 0.60 28.60
140.75 141.85 1.10 10.70
185.00 186.40 1.40 5.80
215.60 219.45 3.85 19.64
including 215.60 216.15 0.55 18.10
and 217.95 218.45 0.50 41.90
and 218.45 219.45 1.00 35.30
249.90 250.40 0.50 22.00
269.00 269.55 0.55 32.60
279.40 279.90 0.50 4.92
289.85 291.00 1.15 4.65
299.65 300.15 0.50 4.30
IM-18-011 no significant assays
IM-18-012 107.25 107.75 0.50 41.60
194.30 197.20 2.90 26.13
including 195.00 196.00 1.00 44.90
228.50 229.00 0.50 89.90
233.90 234.50 0.60 88.60
237.35 237.90 0.55 21.60
IM-18-013 104.50 105.95 1.45 14.90
IM-18-014 97.25 99.00 1.75 9.04
116.00 116.60 0.60 16.55
342.00 342.85 0.85 7.46
387.00 388.35 1.35 5.50
including 387.85 388.35 0.50 7.99
IM-18-015 415.40 416.75 1.35 17.00
IM-18-016 132.75 135.30 2.55 24.58
including 132.75 133.75 1.00 9.09
and 134.25 135.30 1.05 51.00
150.00 151.25 1.25 8.66
222.00 224.25 2.25 9.31
285.50 286.00 0.50 10.90
313.05 313.90 0.85 7.63
326.35 327.50 1.15 5.09
IM-18-017 46.30 47.20 0.90 17.95
IM-18-018 15.50 17.10 1.60 5.40
43.00 43.70 0.70 14.10
145.45 147.75 2.30 25.94
including 147.00 147.75 0.75 67.00
152.30 152.80 0.50 26.70
177.20 177.70 0.50 22.90
289.85 290.50 0.65 22.00
302.40 303.05 0.65 7.64
315.70 316.45 0.75 7.95
341.50 343.00 1.50 5.45
IM-18-019 23.50 24.55 1.05 53.70
69.00 70.50 1.50 8.93
124.40 125.00 0.60 10.35
129.25 131.25 2.00 12.04
including 129.25 130.10 0.85 14.80
and 130.60 131.25 0.65 12.50
311.10 317.40 6.30 11.35
including 311.10 312.00 0.90 38.70
and 313.55 314.20 0.65 19.85
and 314.20 314.70 0.50 29.50
and 316.70 317.40 0.70 7.69
329.00 329.85 0.85 22.90
339.80 340.30 0.50 13.05
364.50 365.00 0.50 18.75
408.20 414.75 6.55 5.98
including 408.20 408.70 0.50 24.60
and 411.00 411.55 0.55 6.50
and 413.00 414.00 1.00 11.20
and 414.00 414.75 0.75 10.45
IM-18-020 97.30 98.20 0.90 9.26
IM-18-021 108.60 112.00 3.40 19.45
including 108.60 109.20 0.60 5.29
and 111.00 112.00 1.00 61.10
IM-18-022 134.50 136.00 1.50 16.55
145.00 147.65 2.65 12.03
including 145.00 145.50 0.50 32.80
and 147.00 147.65 0.65 21.10
160.90 165.10 4.20 34.57
including 162.00 162.60 0.60 139.50
and 162.60 164.00 1.40 33.50
True widths cannot be accurately determined from the information
available therefore core lengths are reported. 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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