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Barkerville Gold Mines Ltd.
Summary
| Project: | Cariboo Gold Project | |
|---|---|---|
| Deposit: | Island Mountain | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-1-2017: Barkerville Gold Mines Ltd. announces an Exploration/Drilling Update report for its Island Mountain deposit at the Cariboo Gold Project project. Drilling results incl. 3.25m @ 52.62g/t Au from 221.25m. VANCOUVER, Jan. 5, 2017 /CNW/ ¬ Barkerville | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Geddes (Internal) | |
| ABSTRACT: | VANCOUVER, Jan. 5, 2017 /CNW/ ¬ Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce further results from the 2016 Phase I Island Mountain exploration drilling program at the Company's flagship Cariboo Gold Project that resulted in the discovery of two new mineralized zones. The results from the new drilling are presented in Table 1. A drill hole location plan map and longitudinal section are presented at the end of this release. The recently completed 27,131 metre, 2016 Phase I exploratory drilling program on Island Mountain continues to identify new, near¬surface zones of high¬grade auriferous quartz vein mineralization down dip, and along strike of the historic Aurum and Mosquito Creek Mines. A newly developed geological model provides the company with the ability to successfully target new vein ore bodies proximal to historically exploited areas. The Company is pleased to announce the discovery of the "Shaft Zone" which occurs immediately behind the historical Aurum Mine winze and the newly outlined "4300 Zone", 350 metres northwest of the Shaft Zone in the undeveloped area between the Aurum and Mosquito Creek Mines. Both areas are hallmarked by intense silica alteration and markedly increased vein density. Preliminary exploratory drilling in both of these areas was conducted on 50 metre spaced centres. | |
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