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Barkerville Gold Mines Ltd.
Summary
| Project: | Cariboo Gold Project | |
|---|---|---|
| Deposit: | Island Mountain | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-1-2018: Barkerville Gold Mines Ltd. announces an Exploration/Drilling Update report for its Island Mountain deposit at the Cariboo Gold Project project. Drilling results incl. 7m @ 12.4g/t Au from 313.35m. TORONTO, Jan. 24, 2018 /CNW/ - Barkerville Gol | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Geddes (Internal) | |
| ABSTRACT: | TORONTO, Jan. 24, 2018 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling results from the 2017 Phase II Island Mountain exploration and infill drilling program at the Company's flagship Cariboo Gold Project. The Company is currently exploring and delineating the Shaft Zone with seven drill rigs. Detailed drilling results, a drill hole location plan map and vertical sections are presented at the end of this release. The exact geometry and hence true width of the mineralized zones cannot be assuredly concluded at this time therefore core lengths are reported. The Company is pleased to report new mineralization expansion from the ongoing drilling at Island Mountain. Phase II drillhole IM-17-219 intersected 12.40 g/t Au over 7.00 meters at a vertical depth of 280 meters from surface. This new intersection is 135 meters down dip from previously reported hole IM17-016 that assayed 5.62 g/t Au over 11.40 meters and 12.27 g/t Au over 7.45 meters. These correlating intercepts are a potential new vein corridor at Island Mountain. Additional drill highlights include 7.28 g/t Au over 12.50 meters intersected in IM-17-217 at a vertical depth of 400 meters from surface, demonstrating wide corridors of mineralization at depth in the Shaft Zone. Drilling below 300 vertical meters is widely spaced in this area and additional drilling is warranted to expand known mineralization at depth. | |
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