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Barkerville Gold Mines Ltd.
Summary
| Project: | Cariboo Gold Project | |
|---|---|---|
| Deposit: | Cow Mountain | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/10/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-1-2019: Barkerville Gold Mines Ltd. announces an Exploration/Drilling Update report for its Cow Mountain deposit at the Cariboo Gold Project project. Drilling results incl. 3.50m @ 35.32g/t Au from 277.55m. TORONTO, Jan. 10, 2019 /CNW/ - Barkerville Go | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Maggie Layman (Internal) | |
| ABSTRACT: | TORONTO, Jan. 10, 2019 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce drilling results of 50 holes from the 2018 Cow Mountain exploration and category conversion program at the Company's flagship Cariboo Gold Project. The recent drilling results demonstrate continuity of high grade gold mineralization within vein corridors and extensions down dip and down plunge. A total of 63,970 meters in 231 holes were drilled on Cow Mountain during the 2018 drill program. Recent highlights from the Cow Mountain exploration and delineation program include 10.47 g/t Au over 7.30 meters in hole CM-18-164, located 20 meters down dip from CM-18-159, that intersected 8.70 g/t Au over 3.35 meters within an existing vein corridor. CM-18-153 intersected 8.96 g/t Au over 8.60 meters, including high grade intercepts of 17.40 g/t Au over 0.85 meter, 9.35 g/t Au over 0.50 meter and 33.30 g/t Au over 0.70 meter. The drill program at Cow Mountain was designed to infill and expand high-grade gold-mineralized vein corridors modelled in the May 2018 Cow Mountain resource estimate. Vein corridors are defined as a high-density network of mineralized quartz veins within the sandstones. Mineralized quartz veins on the Cariboo Gold Project are overall sub-vertical dip and northeast strike. These corridors have been defined from surface to a vertical depth of up to 300 meters and remain open for expansion at depth and down plunge. Gold grades are intimately associated with vein-hosted pyrite as well as pyritic, intensely silicified wall rock haloes in close proximity to the veins. | |
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