BGM Intersects 14.69 G/T Au Over 28.50 Metres at Shaft Zone

| Nov 28, 2017 | CNW

NEW DEPTH EXTENSION ALSO YIELDS 13.48 G/T OVER 16.60 METRES

TORONTO, Nov. 28, 2017 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling results from the ongoing 160,000 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. 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.

 
Drillhole Location Map (CNW Group/Barkerville Gold Mines Ltd.)
Drillhole Location Map (CNW Group/Barkerville Gold Mines Ltd.)
 
Gamma Corridor Longitudinal Section Shaft Zone (CNW Group/Barkerville Gold Mines Ltd.)
Gamma Corridor Longitudinal Section Shaft Zone (CNW Group/Barkerville Gold Mines Ltd.)
 
Island Mountain Vertical Section Shaft Zone (CNW Group/Barkerville Gold Mines Ltd.)
Island Mountain Vertical Section Shaft Zone (CNW Group/Barkerville Gold Mines Ltd.)
Drillhole Location Map (CNW Group/Barkerville Gold Mines Ltd.)Gamma Corridor Longitudinal Section Shaft Zone (CNW Group/Barkerville Gold Mines Ltd.)Island Mountain Vertical Section Shaft Zone (CNW Group/Barkerville Gold Mines Ltd.)

Significant Gold Zones Intersected at Shaft Zone

The Company is very pleased to report that a potentially new mineralized corridor has been discovered at depth on Island Mountain. Phase II drillhole IM-17-191 intersected three separate vein systems grading 19.16 g/t Au over 9.70 metres, 13.48 g/t Au over 16.60 metres and 14.69 g/t Au over 28.50 metres at vertical depths ranging from 485 to 540 metres below surface. Due to the scarcity of drilling in this area, it is unclear whether the new mineralization correlates as a depth extension to the interpreted Gamma Corridor or represents a previously unidentified new corridor. A Gamma Corridor section with widened viewing envelope is presented at the end of this release for reference.

Previously disclosed Phase II drillhole IM-17-145 is located 50 metres southwest of the new intersections having graded 17.34 g/t Au over 7.05 metres. Situated 150 metres to the northeast, drillhole CM-17-018 intersected similar veining grading 8.16 g/t Au over 4.00 metres near the end of the hole and may not have been drilled far enough to test the new mineralization. No other drilling occurs down dip or down plunge of the IM-17-191 intersections and as such are open for immediate expansion.

Chris Lodder, President and CEO commented, "The Island Mountain infill drilling continues to expand the Shaft Zone vein corridors in all directions and with several new intersections awaiting results. In January 2018, we will mobilize two rigs to begin initial drill testing of regional targets, while the remaining rigs will continue to focus on Cow and Island Mountain".

Shaft Zone - Corridors Discussion

The sandstone hosted veining which constitutes the newly named Alpha, Beta and Gamma Corridors of the Shaft Zone are 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 corridors are variable and range from 5 to 35 metres. These corridors, 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 corridors 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.

Qualified Persons

Exploration activities at the Cariboo Gold Project are administered on site by the Company's Exploration Manager, Maggie Layman, P.Geo. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, P.Geo. Vice President Exploration, is the Qualified Person for the Company and has prepared, validated and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration activities on the Cariboo Gold Project.

Quality Assurance – Quality Control

Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently stored on site at the Company's secure facility in Wells, BC.  Numbered security tags are applied to lab shipments for chain of custody requirements.  The Company inserts quality control (QC) samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QAQC program was designed and approved by Lynda Bloom, P.Geo. of Analytical Solutions Ltd., and is overseen by the Company's Qualified Person, Paul Geddes, P.Geo, Vice President Exploration.

Drill core samples are submitted to ALS Geochemistry's analytical facility in North Vancouver, British Columbia for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed and 250 grams is pulverized. Analysis for gold is by 50g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 ppm and upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are re-analyzed using a 1,000g screen metallic fire assay. A selected number of samples are also analyzed using a 48 multi-elemental geochemical package by a 4-acid digestion, followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) and Inductively Coupled Plasma Mass Spectroscopy (ICP-MS).

About Barkerville Gold Mines Ltd.

The Company is focused on developing its extensive land package located in the historical Cariboo Mining District of central British Columbia. Barkerville's mineral tenures cover 2,110 square kilometres along a strike length of 67 kilometres which includes several past producing hard rock mines of the historic Barkerville Gold Mining Camp near the town of Wells, British Columbia. The QR Project, located approximately 110 kilometres by highway and all weather road from Wells was acquired by Barkerville in 2010 and boasts a fully permitted 900 tonne/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of 2015 with 91,489 tonnes of material milled producing 25,464 ounces of gold. The Company has completed several drilling and exploration programs over the past 20 years and has compiled this data with all historical information in order develop geologic models which are assisting management in defining new deposits in the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high grade gold mineralization.

Cautionary Statement on Forward-Looking Information
Neither the TSX Venture Exchange ('TSXV') nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

 

Table 1: Length weighted gold composites for Shaft Zone Phase II drillholes:






HOLE-ID

FROM (M)

TO (M)

CORE LENGTH (M)

AU (G/T)

IM-17-190




ASSAYS PENDING

IM-17-191

194.45

196.25

1.80

7.10

INCLUDING

195.10

195.75

0.65

12.05

IM-17-191

344.50

345.10

0.60

153.00

IM-17-191

389.75

390.30

0.55

15.60

IM-17-191

419.00

422.00

3.00

8.03

INCLUDING

420.60

421.10

0.50

29.90

AND

421.10

422.00

0.90

7.73

IM-17-191

433.85

434.30

0.45

6.59

IM-17-191

478.45

479.05

0.60

10.00

IM-17-191

491.00

491.50

0.50

44.90

IM-17-191

553.00

553.65

0.65

12.70

IM-17-191

569.55

570.05

0.50

36.40

IM-17-191

571.85

572.50

0.65

14.30

IM-17-191

580.35

583.70

3.35

6.47

INCLUDING

580.35

581.10

0.75

10.90

AND

583.15

583.70

0.55

14.65

IM-17-191

588.00

597.70

9.70

19.16

INCLUDING

588.70

589.90

1.20

13.90

AND

589.90

590.75

0.85

14.65

AND

594.10

594.80

0.70

208.00

IM-17-191

606.35

622.95

16.60

13.48

INCLUDING

606.35

607.05

0.70

44.00

AND

610.15

611.10

0.95

21.30

AND

614.70

615.30

0.60

18.15

AND

617.40

617.95

0.55

19.80

AND

618.55

619.10

0.55

39.40

AND

619.10

619.60

0.50

11.55

AND

620.90

622.10

1.20

32.20

AND

622.10

622.95

0.85

72.80

IM-17-191

647.00

675.50

28.50

14.69

INCLUDING

647.00

647.50

0.50

19.75

AND

649.00

649.55

0.55

11.65

AND

653.80

654.30

0.50

16.25

AND

654.85

655.35

0.50

19.10

AND

657.90

658.50

0.60

20.40

AND

658.50

659.20

0.70

20.20

AND

659.20

660.15

0.95

26.40

AND

660.15

660.65

0.50

36.70

AND

662.90

663.95

1.05

15.75

AND

665.55

666.15

0.60

30.40

AND

666.15

666.85

0.70

42.20

AND

666.85

667.35

0.50

22.10

AND

668.40

669.35

0.95

22.40

AND

669.35

669.85

0.50

15.55

AND

671.00

671.55

0.55

34.20

AND

671.55

672.30

0.75

16.20

AND

672.30

673.40

1.10

44.60

AND

673.40

674.40

1.00

97.60

AND

675.00

675.50

0.50

14.25

IM-17-192




ASSAYS PENDING

IM-17-193




ASSAYS PENDING

IM-17-194

168.00

174.40

6.40

6.02

INCLUDING

168.00

169.50

1.50

10.30

AND

171.15

172.00

0.85

9.13

IM-17-194

444.60

445.15

0.55

7.18

IM-17-194

510.50

511.90

1.40

56.90

INCLUDING

510.50

511.25

0.75

88.10

AND

511.25

511.90

0.65

20.90

IM-17-194

656.65

657.65

1.00

7.98

IM-17-194

659.65

660.65

1.00

18.85

 


True widths cannot be accurately determined from the information available therefore core lengths are reported. Intervals
not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays.

 

Table 2: Drillhole Collar Orientations:




HOLE-ID

AZIMUTH

DIP

IM-17-191

130.00

-65.00

IM-17-194

136.10

-48.70

SOURCE Barkerville Gold Mines Ltd.

For further information: on Barkerville Gold Mines Ltd. please contact: Chris Lodder, President & Chief Executive Officer, 155 University Avenue, Suite 1440, Toronto, Ontario, Canada, clodder@barkervillegold.com