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Barkerville Gold Mines Ltd.
Summary
| Project: | Cariboo Gold Project | |
|---|---|---|
| Deposit: | Island Mountain | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-2-2017: Barkerville Gold Mines Ltd. announces an Exploration/Drilling Update report for its Island Mountain deposit at the Cariboo Gold Project project. Drilling results incl. 2.90m @ 67.82g/t Au from 292.40m. Barkerville Gold Mines Ltd. (TSXV: BGM) (t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Maggie Layman; Paul Geddes (Internal) | |
| ABSTRACT: | Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "BGM") is pleased to announce final results from the 2016 Phase I Island Mountain and Barkerville Mountain KL Zone exploration drilling programs and first results from the new 2017 drilling at the Company's flagship Cariboo Gold Project. All outstanding 2016 drill results have now been received for the 27,131 metre Phase I exploratory drilling program on Island Mountain and the first pass of widely spaced drilling on the KL Zone gold in soil anomaly located on Barkerville Mountain. Drilling results and drill hole location plan maps are presented at the end of this release. The recently initiated 2017 Phase II exploration drilling program on Island Mountain is currently being performed with six drill rigs on widely spaced 100 metre drill centres and infill dice-five drill patterns in the recently discovered "Shaft Zone". The Phase II drilling program is underway on Island Mountain with five drill rigs while a sixth rig is located on Cow Mountain performing a closely spaced grid program to collect material for an upcoming metallurgical test. Two additional drill rigs will be mobilized to the Wells project site imminently, with the focus being exploration and delineation of untested targets on Island, Cow and Barkerville Mountains. During 2017, the Company intends to perform ~130,000 metres of diamond drilling in these areas with eight drill rigs. Chris Lodder, President and CEO comments: "As we kick off the 2017 exploration program we are targeting specific areas with highest potential for resource definition within the central portion of the Cariboo Gold Project. Parallel to this we continue to advance towards initial production at Bonanza Ledge in Q2 of 2017 and await final permit amendment approval to begin underground development. The QR Mill has been upgraded substantially and commissioning using low grade stockpiled material will begin shortly. " | |
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