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Barkerville Gold Mines Ltd.
Summary
| Project: | Cariboo Gold Project | |
|---|---|---|
| Deposit: | Cow Mountain | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/27/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-9-2016: Barkerville Gold Mines Ltd. announces an Exploration/Drilling Update report for its Cow Mountain deposit at the Cariboo Gold Project project. Drilling results incl. 10m @ 14.59g/t Au from 82m. VANCOUVER, BC– September 27, 2016 – Barkerville Gol | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Geddes (Internal) | |
| ABSTRACT: | VANCOUVER, BC– September 27, 2016 – Barkerville Gold Mines Ltd. (TSXV: BGM) (the “Company” or “Barkerville”) is pleased to announce the final results from the recently completed Phase I exploration and category conversion drilling program on Cow Mountain at the Company’s flagship Cariboo Gold Project (CGP). Consistent with the Company’s plan to optimize a new, geologically constrained gold resource at Cow Mountain potentially amenable to open pit and underground mining methods, 242 drill holes totaling 32,290 metres have now been completed in the 2016 Phase I drilling program. Phase I drilling targeted areas of geological and grade uncertainty (defined by historical gold intersections that could not be sufficiently validated to meet CIM best practice standards for future resource considerations). In parallel with this program, 56,000 metres of historical drill core was also re-logged for the purposes of standardizing a new geological model that will be used to constrain future resource estimations. With this initial phase of Cow Mountain drilling now completed, three drill rigs have been mobilized to Island Mountain and are currently performing a first pass, 20,000 metre Phase I drilling program. The vein style of gold mineralization that dominates on Cow Mountain also occurs on Island Mountain but was never the primary focus of exploration or past development because of the incidence of higher grade massive sulphide replacement style ore bodies. The 2016 Phase I program is designed to determine the location and extent of these vein systems, as well as test the down plunge extensions of the replacement bodies in areas that have not been drilled. | |
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