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Barkerville Gold Mines Ltd.
Summary
| Project: | Cariboo Gold Project | |
|---|---|---|
| Deposit: | Island Mountain | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-4-2017: Barkerville Gold Mines Ltd. announces an Exploration/Drilling Update report for its Island Mountain deposit at the Cariboo Gold Project project. Drilling results incl. 8.05m @ 15.04g/t Au from 169.2m. TORONTO, April 11, 2017 /CNW/ - Barkerville | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Geddes (Internal) | |
| ABSTRACT: | TORONTO, April 11, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional results from the ongoing 130,000 metre Phase II Island Mountain exploration drilling program at the Company's flagship Cariboo Gold Project. The Company is currently exploring and delineating the new Valley Zone with four drill rigs. Detailed drilling results, a drill hole location plan map, level plan and longitudinal section are presented at the end of this release. The Company is very pleased to announce that the first drillhole to test the Valley Zone since the former Cariboo Gold Quartz Mine development ceased circa 1960 has successfully demonstrated the existence of auriferous veining in the near surface and at new depths. Drillhole CM-17-012 was collared in the valley between Cow and Island Mountains and intersected veining grading 10.35 g/t Au over 7.85 metres at a vertical depth of 75 metres below surface followed by a second vein set averaging 6.52 g/t Au over 3.05 metres. At a vertical depth of 310 metres, the same drillhole intersected a new occurrence of veining at the Shaft Zone grading 6.52 g/t Au over 5.85 metres in an area that was never historically explored or developed. Further down the hole at a depth below surface of 400 metres, a fourth occurrence of veining was intersected grading 10.15 g/t Au over 0.80 metres. These latter intersections represent the deepest occurrences of vein mineralization drilled to date at the Cariboo Gold Project, are untested by drilling in all directions and remain open for expansion. | |
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