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Barkerville Gold Mines Ltd.
Summary
| Project: | Cariboo Gold Project | |
|---|---|---|
| Deposit: | Island Mountain | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/17/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-4-2017: Barkerville Gold Mines Ltd. announces an Exploration/Drilling Update report for its Island Mountain deposit at the Cariboo Gold Project project. Drilling results incl. 54.4m @ 19.2g/t Au from 243.95m. TORONTO, April 17, 2017 /CNW/ - Barkerville | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Geddes (Internal) | |
| ABSTRACT: | TORONTO, April 17, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce a new discovery from the ongoing 130,000 metre Phase II Island Mountain and Valley Zone exploration drilling program at the Company's flagship Cariboo Gold Project. Detailed drilling results, a drill hole location plan map, vertical section and longitudinal section are presented at the end of this release. The Company is very pleased to announce that Island Mountain Shaft Zone drillhole IM-17-072 has discovered a formerly unidentified wide network of high tenor veining grading 19.20 g/t Au over 54.40 metres including 32.06 g/t Au over 30.70 metres. This new intersection consists of several higher-grade intervals including 272.00 g/t Au over 0.50 metres, 760.00 g/t Au over 0.85 metres, 64.20 g/t Au over 0.50 metres, 42.80 g/t Au over 0.50 metres, 65.40 g/t Au over 1.50 metres and 15.80 g/t Au over 1.15 metres. An intensely silica altered and pyritized sandstone package hosts this dense network of mineralized veining. Located 250 metres vertically below surface in the Shaft Zone, this auriferous occurrence is untested by drilling above and below the intersection and is open for expansion. In addition to the aforementioned intersection, IM-17-072 also established auriferous veining grading 25.00 g/t Au over 2.85 metres located 25 metres below surface, 16.55 g/t Au over 5.45 metres 100 metres vertically below surface, followed by 9.41 g/t Au over 3.30 metres 110 metres below surface. | |
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