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Barkerville Gold Mines Ltd.
Summary
| Project: | Cariboo Gold Project | |
|---|---|---|
| Deposit: | Island Mountain, Cow Mountain | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/22/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-2-2017: Barkerville Gold Mines Ltd. announces an Exploration/Drilling Update report for its Island Mountain, Cow Mountain deposit at the Cariboo Gold Project project. Drilling results incl. 10.70m @ 7.10g/t Au from 106.20m. Barkerville Gold Mines Ltd. | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Maggie Layman; Paul Geddes (Internal) | |
| ABSTRACT: | Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional results from the ongoing 2017 Phase II Island Mountain and Cow Mountain exploration drilling programs at the Company's flagship Cariboo Gold Project. The Company is currently exploring and delineating Island Mountain with seven drill rigs and has now mobilized the eighth rig to the untested Tailings Zone which occurs in the valley between Cow and Island Mountains. The Tailings Zone has not been drill tested since production and development ceased circa 1960. The Phase II delineation drill program at Island Mountain continues to yield high grade intersections of vein hosted gold mineralization as demonstrated by drillhole IM-17-007 which intersected 11.18 g/t Au over 6.70 metres and IM-17-008 which returned 12.40 g/t Au over 4.50 metres. These new occurrences of auriferous veining occur in the near surface proximal to the historic Mosquito Creek Mine. Ten large diameter drillholes totaling 1,168 metres have now been completed on Cow Mountain. These holes were specifically designed to collect material for an upcoming metallurgical test as well as providing a basis to ascertain the short-range variability of the vein hosted gold mineralization and to optimize drillhole spacings for future resource estimations. "These results continue to demonstrate the validity of the geologic model developed by the exploration team resulting in the definition of new areas of mineralization at Island Mountain", commented Chris Lodder, President and CEO of Barkerville. | |
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