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Barkerville Gold Mines Ltd.
Summary
| Project: | Cariboo Gold Project | |
|---|---|---|
| Deposit: | Island Mountain | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/15/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-12-2016: Barkerville Gold Mines Ltd. announces an Exploration/Drilling Update report for its Island Mountain deposit at the Cariboo Gold Project project. Drilling results incl. 4.10m @ 56.31g/t Au from 119.60m. VANCOUVER, BC– December 15, 2016 – Barker | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Geddes (Internal) | |
| ABSTRACT: | VANCOUVER, BC– December 15, 2016 – Barkerville Gold Mines Ltd. (TSXV: BGM) (the “Company” or “Barkerville”) is pleased to announce additional results from the ongoing Phase I Island Mountain exploration drilling program at the Company’s flagship Cariboo Gold Project (“CGP”). Three drill rigs are currently operating on Island Mountain, with a fourth rig on Barkerville Mountain testing the 800 metre long KL Zone gold in soil anomaly. The results from the new drilling are presented in Table 2. A drill hole location plan map and longitudinal section are presented at the end of this release. Highlights of the new drilling include: 12.91 g/t Au over 2.50 metres in BGM-16-537, 56.31 g/t Au over 4.10 metresin BGM-16-553, 11.23 g/t Au over 2.84 metresin BGM-16-555, 34.72 g/t Au over 2.75 metres in BGM-16-556, 11.36 g/t Au over 12.36 metres in BGM-16-567. Reported core lengths represent 50-90% true widths. The ongoing 20,000 metre Phase I exploratory and stratigraphic drill program on Island Mountain is having continued success in discovering extensions to and defining new vein systems that were historically never developed or explored, and has also outlined new occurrences of massive sulphide replacement bodies. At the Aurum and Mosquito Creek mines, past exploration and mining was primarily focused on the replacement hosted gold as opposed to the veining due to the higher gold tenor and as such, the extents of the vein sets were never fully considered. A previously unknown body of massive pyrite replacement mineralization has been discovered 75 metres northwest of the Mosquito Creek Mine in drillhole BGM-16-553 which averaged 56.31 g/t Au over 4.10 metres. The intersection occurs only 85 metres vertically below surface and opens a new exploration target along strike towards the northwest. Gold grade continuity within this massive sulphide replacement mineralization is remarkably continuous as illustrated in Table 1. | |
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