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Barkerville Gold Mines Ltd.
Summary
| Project: | Cariboo Gold Project | |
|---|---|---|
| Deposit: | Barkerville Mountain | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/17/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-7-2019: Barkerville Gold Mines Ltd. announces an Exploration/Drilling Update report for its Barkerville Mountain deposit at the Cariboo Gold Project project. Drilling results incl. 7.85m @ 21.91g/t Au from 75.15m. TORONTO, July 17, 2019 /CNW/ - Barkerv | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Maggie Layman (Internal) | |
| ABSTRACT: | TORONTO, July 17, 2019 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM. the "Company" or "BGM") is pleased to announce the new drilling results from its ongoing Barkerville Mountain exploration program at the Company's flagship Cariboo Gold Project in central British Columbia. New results from recent holes of the ongoing Phase 1 exploratory drill program on Barkerville Mountain identified new vein corridors and anomalous intersections on the KL Zone including 6.25 g/t Au over 5.15 meters in drillhole BM-19-022 and 49.63 g/t Au over 2.35 meters on BM-19-025 including a sample that assayed 145 g/t Au over 0.80 meters. The apparent strike length of this system is 1.5 kilometers, outlined from the recent drill results and the Company's detailed lithological and structural mapping programs conducted over the last two years. In addition to the recent drilling on the KL Zone, a total of 3,700 meters were drilled in 23 holes to further delineate the BC Vein deposit. Mineralized vein corridors are intersected in the hanging wall of the BC Vein within the sandstone unit and include intercepts of 10.21 g/t Au over 3.30 meters in BCVN-19-004 and 21.91 g/t Au over 7.85 meters in BCVN-19-015 including a sample of 275 g/t Au over 0.60 meters. These vein composites are described as extensional (EXT) or Axial Planar (AXPL) in the table below to differentiate from the BC Vein deposit. BGM is currently exploring on Barkerville Mountain with three diamond drill rigs to continue testing for vein corridors analogous to Cow and Island Mountain in the hanging wall (north east) of the BC Vein and to continue to delineate and expand the high-grade vein mineralization on Barkerville Mountain KL Zone. A total of 40,000 meters of drilling is planned for Barkerville Mountain this year. | |
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