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Barkerville Gold Mines Ltd.
Summary
| Project: | Cariboo Gold Project | |
|---|---|---|
| Deposit: | Island Mountain | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/25/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-5-2017: Barkerville Gold Mines Ltd. announces an Exploration/Drilling Update report for its Island Mountain deposit at the Cariboo Gold Project project. Drilling results incl. 8.05m @ 49.79g/t Au from 55.15m. TORONTO, May 25, 2017 /CNW/ - Barkerville G | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Geddes (Internal) | |
| ABSTRACT: | TORONTO, May 25, 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, vertical section and longitudinal section are presented at the end of this release. Located 160 metres down plunge of the former Mosquito Creek Mine at a vertical depth of 100 metres below surface, drillhole IM-17-100 intersected replacement mineralization grading 24.13 g/t Au over 12.70 metres. This new faulted occurrence correlates 35 metres up plunge to previously reported Phase I drillhole BGM-16-553 which intersected 56.31 g/t Au over 4.10 metres. Drillhole IM-17-107 intersected new auriferous quartz veining grading 49.79 g/t Au over 8.05 metres fifty metres vertically below surface. In this sparsely drilled area, the veining intersection is open for expansion in all directions. The geometry and hence true width of the potential mineralized zones cannot be assuredly concluded at this time. The Company's Exploration Manager, Maggie Layman, P.Geo., commented, "The results from the Island Mountain drilling continue to demonstrate continuity, tenor and size potential of both replacement and vein style mineralization at shallow depths. The Phase II exploration program on Island Mountain continues to reveal exceptionally high grade intercepts in new zones". | |
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