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Barkerville Gold Mines Ltd.
Summary
| Project: | Cariboo Gold Project | |
|---|---|---|
| Deposit: | Island Mountain | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/9/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-5-2017: Barkerville Gold Mines Ltd. announces an Exploration/Drilling Update report for its Island Mountain deposit at the Cariboo Gold Project project. Drilling results incl. 4.85m @ 36.5g/t Au from 212.05m. TORONTO, May 9, 2017 /CNW/ - Barkerville Gol | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Geddes (Internal) | |
| ABSTRACT: | TORONTO, May 9, 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, level plan and longitudinal section are presented at the end of this release. Exploratory drillhole IM-17-101 has expanded the footwall extents of the Shaft Zone by intersecting numerous previously unidentified vein sets including 12.48 g/t Au over 3.75 metres (130 metres below surface), 13.31 g/t Au over 11.00 metres (200 metres below surface), and 7.60 g/t Au over 11.75 metres (250 metres below surface). The latter two intervals respectively occur 30 and 125 metres footwall to the originally interpreted sandstone footwall contact which is the dominant host to veining in the Cariboo Gold Camp. Due to the lack of drilling in this new area, no positive correlations with other drillholes can be made at this time and as such the new veining occurrences are open for expansion in all directions. "We are greatly encouraged by the results of this recent drilling at the Shaft Zone," commented BGM's Chief Geoscientist Dr. Terry Harbort. "The wide, high-grade vein intercepts encountered indicate a significant extension of previously unknown continuity along strike of the vein zones into footwall units." | |
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