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Barkerville Gold Mines Ltd.
Summary
| Project: | Cariboo Gold Project | |
|---|---|---|
| Deposit: | Barkerville Mountain | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/9/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-6-2016: Barkerville Gold Mines Ltd. announces an Exploration/Drilling Update report for its Barkerville Mountain deposit at the Cariboo Gold Project project. Drilling results incl. 31.0m @ 9.97g/t Au from 107.0m. VANCOUVER, BC– June 9th, 2016 – Barkervi | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Geddes (Internal) | |
| ABSTRACT: | VANCOUVER, BC– June 9th, 2016 – Barkerville Gold Mines Ltd. (TSXV: BGM) (the “Company” or “BGM”) is pleased to announce results from the Phase II exploration and infill drilling programs on Barkerville Mountain at the Company’s flagship Cariboo Gold Project (CGP). The results of these drillholes are presented in Table 1. A drillhole location plan map and representative sections are available on the Company’s website www.barkervillegold.com. The Phase II BCV Infill program was performed to provide drilling confidence to the most economically prospective areas of the BCV mineralization that were identified in the 2015 Phase I campaign. Although the BCV mineralization still remains open to depth over its currently delineated 1,400 metre strike length, the second phase preferentially focused on drill-defining a near surface resource and ultimately reserve base which is intended to complement the longer term Bonanza Ledge underground mine planning. Additional mineralization was intersected during the course of this program as hangingwall veins (HWV), which are a series of veins sets that occur directly above the BCV as demonstrated by drillhole BGM-16-207: 23.28 g/t (0.68 oz/t) Au over 7.00 metres including 48.60 g/t (1.42 oz/t) Au over 2.75 metres. Phase II BCV infill drilling was conducted from surface to 150 metres vertical over a strike length of 375 metres and has now been drilled to ~15 metre centres. | |
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