News Release
Barkerville drills 10.1 m of 11.82 g/t Au at Cow Mtn
2016-08-03 08:39 ET - News Release
Mr. Chris Lodder reports
BARKERVILLE GOLD MINES INTERSECTS 11.82 G/T (0.34 OZ/T) AU OVER 10.10 METRES INCLUDING 68.80 G/T (2.01 OZ/T) AU OVER 1.30 METRES IN COW MOUNTAIN PHASE I DRILLING
Barkerville Gold Mines Ltd. has released results from the continuing phase I exploration and category conversion drilling program on Cow Mountain at the company's flagship Cariboo gold project (CGP). The results of these drill holes are presented in Table 1. A drill hole location plan map and longitudinal section are offered at the end of this release.
Drilling Highlights:
-BGM-16-366: 16.97 g/t (0.49 oz/t) Au over 2.70 metres including 87.60 g/t (2.56 oz/t) Au over 0.50 metres -BGM-16-367: 8.70 g/t (0.25 oz/t) Au over 4.50 metres including 20.23 g/t (0.59 oz/t) Au over 1.90 metres including 8.64 g/t (0.25 oz/t) Au over 1.00 metres and 33.10 g/t (0.97 oz/t) Au over 0.90 metres -BGM-16-369: 20.31 g/t (0.59 oz/t) Au over 5.70 metres including 46.26 g/t (1.35 oz/t) Au over 2.40 metres including 121.50 g/t (3.54 oz/t) Au over 0.80 metres and 12.40 g/t (0.36 oz/t) Au over 1.00 metres -BGM-16-377: 31.94 g/t (0.93 oz/t) Au over 2.70 metres including 57.33 g/t (1.67 oz/t) Au over 1.50 metres including 21.40 g/t (0.62 oz/t) Au over 0.5 metres and 75.30 g/t (2.20 oz/t) Au over 1.00 metres -BGM-16-380: 11.82 g/t (0.34 oz/t) Au over 10.10 metres including 9.45 g/t (0.28 oz/t) Au over 1.00 metres and 68.80 g/t (2.01 oz/t) Au over 1.30 metres -BGM-16-385: 10.98 g/t (0.32 oz/t) Au over 5.50 metres including 33.53 g/t (0.98 oz/t) Au over 1.70 metres including 12.85 g/t (0.37 oz/t) Au over 0.85 metres and 54.20 g/t (1.58 oz/t) Au over 0.85 metres -BGM-16-400: 13.15 g/t (0.38 oz/t) Au over 4.25 metres including 43.20 g/t (1.26 oz/t) Au over 1.20 metres *Note: Reported core lengths represent 50-75% true widths.
Phase I Drilling
The ongoing 30,000 metre Phase I drilling program at Cow Mountain is currently optimizing inferred gold mineralization within a conceptual open pit. As per the updated 2015 Cow Mountain resource estimate performed by Snowden Mining Industry Consultants (Snowden), of Vancouver, British Columbia (refer to Company News Release dated March 31, 2015), drilling by previous operators from 1938-1981 was classified as inferred mineralization because of lessened data confidence and was not simply a function of wider drill hole spacing. The BGM Phase I program is explicitly targeting these areas by replacing the historical gold intersections with modern drilling that conforms to CIM best practices and QAQC procedures. Based upon the Phase I drilling results to date, there has been excellent correlation between the historic mineralized intervals and the new 2016 Phase I drilling.
"These latest drill results along with ongoing mapping, underground sampling, geologic modeling and historic data validation, continue to add positively to our confidence level of the Cow Mountain gold mineralization," commented Chris Lodder, President and CEO of BGM. "After completion of this drilling program the rigs will be moved to begin drilling on Island Mountain and thus allow us to analyze the drill data and begin planning the next work program on Cow Mountain. We expect to have a resource statement for all exploration targets sometime in 2017."
Qualified Persons
Exploration activities at the Cariboo Gold Project are jointly administered on site by the Company's Project Managers, Maggie Layman, P.Geo. and Wanda Carter, 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 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
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 5ppb and upper limit of 10,000ppb. Samples with gold assays greater than 10,000ppb are re-analyzed using 50g fire assay with gravimetric finish, as well as 1,000g screen metallic fire assay. 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).
Length-weighted gold composites for drill holes BGM-16-362 through BGM-16-400:
Hole ID From To Length Au Au (m) (m) (m) (g/t) (oz/t) BGM-16-362 67.00 68.10 1.10 38.88 1.13 INCL 67.00 67.65 0.65 55.20 1.61 AND 67.65 68.10 0.45 15.30 0.45 BGM-16-362 89.50 90.00 0.50 6.10 0.18 BGM-16-363 6.61 8.00 1.39 6.52 0.19 BGM-16-363 85.50 86.00 0.50 7.58 0.22 BGM-16-364 10.50 23.10 12.60 1.17 0.03 BGM-16-365 27.15 28.35 1.20 60.80 1.77 BGM-16-366 154.50 157.20 2.70 16.97 0.49 INCL 155.20 155.70 0.50 87.60 2.56 BGM-16-367 46.50 51.00 4.50 8.70 0.25 INCL 48.00 49.90 1.90 20.23 0.59 INCL 48.00 49.00 1.00 8.64 0.25 AND 49.00 49.90 0.90 33.10 0.97 BGM-16-367 58.00 59.00 1.00 14.20 0.41 BGM-16-368 NSA BGM-16-369 59.00 64.70 5.70 20.31 0.59 INCL 59.00 61.40 2.40 46.26 1.35 INCL 59.00 59.80 0.80 121.50 3.54 AND 60.40 61.40 1.00 12.40 0.36 BGM-16-370 24.00 25.50 1.50 2.66 0.08 BGM-16-371 50.65 54.50 3.85 5.60 0.16 INCL 51.15 51.85 0.70 7.45 0.22 AND 54.00 54.50 0.50 26.60 0.78 BGM-16-372 44.90 46.00 1.10 9.08 0.26 BGM-16-373 PENDING BGM-16-374 32.00 33.80 1.80 14.63 0.43 INCL 32.00 33.00 1.00 16.50 0.48 AND 33.00 33.80 0.80 12.30 0.36 BGM-16-374 52.50 53.10 0.60 19.50 0.57 BGM-16-374 63.50 65.00 1.50 6.32 0.18 BGM-16-375 38.50 39.70 1.20 3.39 0.10 BGM-16-376 11.00 12.00 1.00 8.18 0.24 BGM-16-377 62.30 65.00 2.70 31.94 0.93 INCL 62.30 63.80 1.50 57.33 1.67 INCL 62.30 62.80 0.50 21.40 0.62 AND 62.80 63.80 1.00 75.30 2.20 BGM-16-378 NSA BGM-16-379 14.50 15.20 0.70 6.68 0.19 BGM-16-379 32.45 34.60 2.15 8.31 0.24 INCL 32.45 33.10 0.65 25.00 0.73 BGM-16-379 58.60 59.55 0.95 11.20 0.33 BGM-16-379 71.40 72.90 1.50 31.00 0.90 BGM-16-380 37.50 47.60 10.10 11.82 0.34 INCL 37.50 38.50 1.00 9.45 0.28 AND 46.30 47.60 1.30 68.80 2.01 BGM-16-381 69.00 72.00 3.00 8.45 0.25 INCL 69.00 69.80 0.80 20.70 0.60 AND 69.80 70.60 0.80 10.25 0.30 BGM-16-382 NSA BGM-16-382 NSA BGM-16-383 14.10 15.00 0.90 7.42 0.22 BGM-16-383 49.35 50.00 0.65 12.30 0.36 BGM-16-383 54.00 55.50 1.50 12.65 0.37 BGM-16-384 NSA BGM-16-385 54.50 60.00 5.50 10.98 0.32 INCL 55.35 57.05 1.70 33.53 0.98 INCL 55.35 56.20 0.85 12.85 0.37 AND 56.20 57.05 0.85 54.20 1.58 BGM-16-386 41.00 44.25 3.25 13.29 0.39 INCL 42.40 43.00 0.60 34.70 1.01 AND 43.00 44.25 1.25 13.00 0.38 BGM-16-386 60.30 61.70 1.40 5.54 0.16 BGM-16-387 PENDING BGM-16-388 PENDING BGM-16-389 57.40 58.00 0.60 14.85 0.43 BGM-16-389 57.40 58.00 0.60 14.85 0.43 BGM-16-389 68.57 69.10 0.53 17.20 0.50 BGM-16-389 68.57 69.10 0.53 17.20 0.50 BGM-16-389 70.55 71.05 0.50 11.15 0.33 BGM-16-389 70.55 71.05 0.50 11.15 0.33 BGM-16-389 76.90 77.35 0.45 6.01 0.18 BGM-16-389 76.90 77.35 0.45 6.01 0.18 BGM-16-390 NSA BGM-16-391 ABANDON ED BGM-16-392 NSA BGM-16-393 NSA BGM-16-394 25.00 26.00 1.00 6.63 0.19 BGM-16-394 41.67 42.50 0.83 13.55 0.40 BGM-16-394 79.52 80.35 0.83 5.58 0.16 BGM-16-394 93.85 94.72 0.87 5.18 0.15 BGM-16-394 105.50 106.15 0.65 7.55 0.22 BGM-16-395 NSA BGM-16-396 48.15 49.00 0.85 16.25 0.47 BGM-16-397 47.00 48.00 1.00 23.50 0.69 BGM-16-397 115.00 116.00 1.00 18.00 0.53 BGM-16-398 53.50 54.00 0.50 15.70 0.46 BGM-16-399 47.60 48.12 0.52 11.75 0.34 BGM-16-399 50.35 51.10 0.75 6.49 0.19 BGM-16-399 52.20 53.00 0.80 34.70 1.01 BGM-16-400 31.75 36.00 4.25 13.15 0.38 INCL 31.75 32.95 1.20 43.20 1.26
Notes:
*Core lengths represent 50-75% true widths. Rock not recovered by drilling was assigned zero grade and not included in the composites. Top cuts have not been applied to high grade assays. Conversion factor: 1.0 oz/t = 34.2857 g/t. NSA - No Significant Assays.
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