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Barkerville Gold Mines Ltd.
Summary
| Project: | Cariboo Gold Project | |
|---|---|---|
| Deposit: | Island Mountain Shaft Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/26/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-9-2017: Barkerville Gold Mines Ltd. announces an Exploration/Drilling Update report for its Island Mountain Shaft Zone deposit at the Cariboo Gold Project project. Drilling results incl. 12.05m @ 72.23g/t Au from 395.20m. TORONTO, Sept. 26, 2017 /CNW/ | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Geddes (Internal) | |
| ABSTRACT: | TORONTO, Sept. 26, 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 and infill drilling program at the Company's flagship Cariboo Gold Project. The Company is currently exploring and delineating the Valley and Shaft Zones with nine drill rigs, while a tenth drill is expanding the known mineralization on the BC Vein. Detailed drilling results, a drill hole location plan map and vertical section 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 sandstone hosted veining which constitutes the Alpha Corridor of the Shaft Zone is manifested as an anastomosing network of high vein density with an overall sub-vertical dip and northeast strike. Based upon drilling results to date, estimated horizontal widths of the Alpha Corridor are variable and range from 5 to 35 metres. This corridor, as well as others that are developing in the Shaft and Valley Zones have been defined from surface to a vertical depth of 600 metres and remain open for expansion to depth and down plunge. Drillhole spacing in the Alpha currently averages 25 metres between drilling sections with vertical drilling separations ranging from 20 to 75 metres with hole spacing increasing to depth. Gold grades are intimately associated with vein-hosted pyrite as well as pyritic, intensely silicified wall rock haloes in close proximity to the veins. | |
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