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Barkerville Gold Mines Ltd.
Summary
| Project: | Cariboo Gold Project | |
|---|---|---|
| Deposit: | Cow Mountain | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/6/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-11-2018: Barkerville Gold Mines Ltd. announces an Exploration/Drilling Update report for its Cow Mountain deposit at the Cariboo Gold Project project. Drilling results incl. 0.5m @ 346.00g/t Au from 248.3m. TORONTO, Nov. 6, 2018 /CNW/ - Barkerville Gold | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Maggie Layman (Internal) | |
| ABSTRACT: | TORONTO, Nov. 6, 2018 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce drilling results from the ongoing 2018 Cow Mountain exploration and category conversion program at the Company's flagship Cariboo Gold Project. The drilling results demonstrate continuity of high grade gold mineralization within vein corridors and extensions down dip and down plunge. The Company is currently exploring and delineating high grade vein corridors with four diamond drills on Cow Mountain. Mineralized vein corridors on Cow Mountain are modelled to an average depth of 250 meters and recent exploration extends high grade intercepts continuous to vertical depths of 400 meters. Recent highlights include 7.06 g/t Au over 16.90 meters in hole CM-18-057, at approximately 50 meters vertical depth. CM-18-071 intersected 11.84 g/t Au over 7.50 meters, extending mineralization approximately 60 meters down drip from an existing modelled vein corridor. CM-18- 071 included higher grade intercepts of 98.30 g/t Au over 0.50 meters, and 30.30 g/t Au over 0.80 meters. CM-18-101 intersected 29.10 g/t Au over 0.50 meters at a depth of 400 meters from surface. 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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