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Barkerville Gold Mines Ltd.
Summary
| Project: | Cariboo Gold Project | |
|---|---|---|
| Deposit: | Island Mountain | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-9-2018: Barkerville Gold Mines Ltd. announces an Exploration/Drilling Update report for its Island Mountain deposit at the Cariboo Gold Project project. Drilling results incl. 7.05m @ 42.61g/t Au from 150.85m. TORONTO, Sept. 13, 2018 /CNW/ - Barkervill | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Maggie Layman (Internal) | |
| ABSTRACT: | TORONTO, Sept. 13, 2018 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce final drilling results from the 50,000-meter 2018 Island Mountain exploration and delineation program at the Company's flagship Cariboo Gold Project. The infill drilling results continue to expand known vein corridors at depth and demonstrate continuity at both Shaft Zone and Mosquito Creek Zone on Island Mountain. Recent highlights include high-grade intersections at Mosquito Creek Zone hole IM-18-146 that assayed 42.61 g/t Au over 7.05 meters at a vertical depth of 130 meters. This intercept is 50 meters down dip from hole IM-18-147 that assayed 11.95 g/t Au over 1.30 meters. At Shaft Zone, hole IM-18-152 intersected 23.70 g/t Au over 3.85 meters at a vertical depth of 550 meters and includes a sample of 120.50 g/t Au over 0.65 meter. IM-18-152 is one of the deepest mineralized intercepts to date. Detailed drilling results are presented in the table below. A drill hole location plan map is presented at the end of this release. The Company's 3D deposit model with assay highlights is located here. The intervals noted above were intersected in holes from both Shaft Zone and Mosquito Creek Zone on Island Mountain. The holes were designed to infill and expand mineralized vein corridors. 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 600 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. The Company is currently exploring and delineating vein corridors with six drill rigs on Cow Mountain. Results from these holes will become available in the coming weeks. | |
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