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Barkerville Gold Mines Ltd.
Summary
| Project: | Cariboo Gold Project | |
|---|---|---|
| Deposit: | Island Mountain | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/19/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-10-2016: Barkerville Gold Mines Ltd. announces an Exploration/Drilling Update report for its Island Mountain deposit at the Cariboo Gold Project project. Drilling results incl. 2.17m @ 192.50g/t Au from 232.23m. VANCOUVER, Oct. 19, 2016 /CNW/ - Barkerv | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Geddes (Internal) | |
| ABSTRACT: | VANCOUVER, Oct. 19, 2016 /CNW/ - Barkerville Gold MinesLtd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce the first results from the recently initiated Phase I exploration drilling program on Island Mountain at the Company's flagship Cariboo Gold Project (CGP). The results of these drillholes are presented in Table 2. A drillhole location plan map and longitudinal section are offered at the end of this release. The recently initiated 20,000 metre Phase I exploratory and stratigraphic drilling program on Island Mountain represents the first major drilling campaign of its kind since it was last explored in 2009. The program is intended to determine the extents of the vein systems that have historically never been developed or explored as well as discovering new occurrences and extensions to the massive sulphide replacement bodies. Past exploration and mining 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 have never been investigated. As demonstrated by drillhole BGM-16-517, which intersected a previously unidentified vein set grading 15.15 g/t (0.44 oz/t) Au over 5.60 metres including 32.41 g/t (0.95 oz/t) Au over 1.55 metres, the undeveloped veining extends well into the footwall rocks below the replacement bodies. This solitary pierce point occurs 90 metres behind and footwall to the former Aurum Mine workings and is untested in all directions. | |
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