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Barkerville Gold Mines Ltd.
Summary
| Project: | Cariboo Gold Project | |
|---|---|---|
| Deposit: | Cariboo Gold Project | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/29/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-5-2019: Barkerville Gold Mines Ltd. announces a Resource Estimation report for its Cariboo Gold Project deposit at the Cariboo Gold Project project. Updated mineral resource estimate at the project. The mineral resource estimate incorporates the Cow an | |
| Resources: | (Resource, M+I): 13.495Mt @ 5.6g/t Au for 2443Koz Au contained at Cariboo UG | |
| CP/QP: | [Resources]: Christine Beausoleil, Carl Pelletier (InnovExplo Inc.) | |
| ABSTRACT: | The mineral resource estimate incorporates the Cow and Valley Zones on Cow Mountain, Shaft and Mosquito Creek Zones on Island Mountain and BC Vein and Bonanza Ledge on Barkerville Mountain at a cut-off grade of 3.0 g/t Au ("grams per metric tonne"). The resource is defined over 6 kilometers of BGM's 67-kilometer-long land package. Infill and exploration drilling are ongoing on the property. The mineral resource estimate was conducted by Talisker Exploration Services Inc. under the supervision of InnovExplo Inc., an independent consulting firm based out of Val-d'Or, Quebec. A video summarizing the mineral resource estimate is present in this press release. The mineral resource estimate for Cow and Island Mountain deposits is built upon over 400,000 meters from BGM's 2015 to 2018 drill campaigns, and historically verified drill data using a total of 3,426 drillholes. 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. The mineral resource estimate is supported by a robust 3D litho-structural model of the gold-bearing vein corridors. The 2018 exploration and category conversion drill program was successful in improving the precision of vein corridors; | |
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