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Barkerville Gold Mines Ltd.
Summary
| Project: | Cariboo Gold Project | |
|---|---|---|
| Deposit: | Island Mountain | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-5-2017: Barkerville Gold Mines Ltd. announces an Exploration/Drilling Update report for its Island Mountain deposit at the Cariboo Gold Project project. Drilling results incl. 8.25m @ 39.05g/t Au from 555m. TORONTO, May 18, 2017 /CNW/ - Barkerville Gol | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Geddes (Internal) | |
| ABSTRACT: | TORONTO, May 18, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling 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 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 deepest intersection to date in the Shaft Zone, drillhole IM-17-097 intersected a 60 metre wide (core length), interval of sandstone hosted veining with subintervals grading 40.19 g/t Au over 3.10 metres, 39.05 g/t Au over 8.25 metres and 10.34 g/t Au over 4.50 metres at an average vertical depth of 480 metres below surface. No other drilling pierce points occur at this vertical level and as such this new corridor is open for expansion in all directions. Veining intersected at a vertical depth of 400 metres below surface in the footwall sandstones of the former Aurum Mine has yielded 14.80 g/t Au over 11.30 metres in Phase II drillhole IM-17-091. This intersection is located at the same vertical depth as previously reported Phase I drillhole BGM-16-527 which intersected 10.34 g/t Au over 11.50 metres, 60 metres along vein strike to the southwest. Again, this vein system is open for expansion in all directions due to the scarcity of drilling in this area. | |
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