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Barkerville Gold Mines Ltd.
Summary
| Project: | Cariboo Gold Project | |
|---|---|---|
| Deposit: | Cariboo Gold Project | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-5-2018: Barkerville Gold Mines Ltd. announces a Resource Estimation report for its Cariboo Gold Project deposit at the Cariboo Gold Project project. Update mineral resource estimate to include Initial underground resource. TORONTO, May 2, 2018 /CNW/ - B | |
| Resources: | (Resource, M+I): 8.109Mt @ 6.1g/t Au for 1.599Moz Au contained underground | |
| CP/QP: | [Resources]: Christine Beausoleil, Carl Pelletier (Innovexplo Inc.) | |
| ABSTRACT: | TORONTO, May 2, 2018 /CNW/ - Barkerville Gold Mines Ltd. (BGM – TSX-V) ("BGM" or the "Company") is pleased to announce the maiden Mineral resource estimate for Cow and Island Mountain deposits at its 100% owned Cariboo Gold Project located in Wells, B.C. The underground mineral resource estimate incorporates the Cow Mountain ("Cow") and Valley Zones ("Valley") on Cow Mountain and Shaft Zone ("Shaft") and Mosquito Creek ("Mosquito") on Island Mountain at a cut-off grade of 3.0 g/t Au ("grams per metric tonne"). A mineral resource on Bonanza Ledge and BC Vein is also included. The resource is defined over 6 kilometers of BGM's 67-kilometer-long land package. Infill and exploration drilling is ongoing and resource updates will be presented annually. The mineral resource estimate was conducted by Talisker Exploration Services Inc. and validated by InnovExplo Inc., an independent consulting firm based out of Val-d'Or, Quebec. The maiden Mineral resource estimate for Cow and Island Mountain deposits is built upon over 210,000 meters of diamond drilling from BGM's 2016 and 2017 drill campaigns, and historically verified drill data using a total of 2,328 drillholes. The mineral resource estimate is supported by a robust 3D lithostructural model of the gold-bearing vein corridors. A strong understanding of the controls of mineralization enabled the Company's technical team to construct a mineral resource estimate constrained by lithology, alteration, structure and mineralization. A total of 181 vein corridors were modelled. Table 1: 2018 Cariboo Gold Project Underground Min | |
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