HIGH-GRADE INTERCEPTS INCLUDE 98.80 G/T GOLD OVER 0.80
METER 105 G/T GOLD OVER 0.50 METER
TORONTO, Jan. 23, 2019 /CNW/ - Barkerville
Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce the final
drilling results from the 2018 Cow Mountain exploration and category conversion program at the Company's flagship Cariboo Gold
Project. A total of 63,970 meters were drilled in 231 holes on Cow Mountain during the 2018 drill program and demonstrated
continuity of high-grade gold mineralization within vein corridors and extensions down dip and down plunge.
Recent highlights from the Cow Mountain exploration and delineation program include 12.26 g/t
Au over 7.60 meters in hole CM-18-206 including high-grade intercept of 97.8 g/t
Au over 0.80 meter, located 15 meters up dip of hole CM-18-140 that intersected 37.87
g/t Au over 4.75 meters. The Company is currently working on an updated model to include the additional 231
holes.
Selected Drilling Highlights:
- CM-18-201: 30.16 g/t Au over 2.8 meters
- CM-18-206: 12.26 g/t Au over 7.60 meters including 97.8 g/t Au over 0.80
meters
- CM-18-211: 105 g/t Au over 0.50 meters
- CM-18-220: 7.24 g/t Au over 5.50 meters
- CM-18-222: 11.77 g/t Au over 5.00 meters
- CM-18-222: 11.08 g/t Au over 6.00 meters
- CM-18-227: 46.49 g/t Au over 1.95 meters
- CM-18-231: 18.79 g/t Au over 3.95 meters
True widths are estimated to be 50 to 75% of reported core length intervals. Intervals not recovered by drilling were
assigned zero grade. Top cuts have not been applied to high grade assays.
A drill hole location plan map and section are presented below. Detailed drilling results are presented at the end of this
release. The Cow Mountain 3D deposit model with assay highlights is located on the Company's website:
Barkerville Gold Mines Ltd. 3D Deposit Model
The drill program at Cow Mountain was designed to infill and expand high-grade gold-mineralized vein corridors modelled in the
May 2018 Cow Mountain resource estimate. Vein corridors are defined as a
high-density network of mineralized quartz veins within the sandstones. Mineralized quartz veins on the Cariboo
Gold Project are overall sub-vertical dip and northeast strike. These corridors have been defined from surface to a
vertical depth of up to 300 meters and remain open for expansion at depth and down plunge. 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 Project Geologists, Kyle Orr and Felipe Castaneda. As per National Instrument 43-101 Standards of
Disclosure for Mineral Projects, Maggie Layman, 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, Maggie Layman, 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 mineral rights package located in the historical Cariboo Mining District
of central British Columbia. Barkerville's Cariboo Gold Project mineral tenures cover 1,950
square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines,
making it one of the most well-endowed land packages in British Columbia. Since the management
change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company's
Brownfield's exploration team is focused on upgrading and expanding the May 2018 43-101 compliant
resource within the 8 kilometers of principle project area located near the town of Wells, British Columbia. The Company's
Greenfield's team is developing quality exploration assets throughout the remaining land package through systematic, scientific,
exploration. The operation's team is focused on completing required studies in order to pemit underground mining on Cow and
Island Mountains.
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 from Cow Mountain
|
|
|
|
|
|
|
HOLE ID
|
|
FROM
|
TO
|
LENGTH
(M)
|
AU (G/T)
|
|
CM-18-201
|
|
15.55
|
16.55
|
1.00
|
24.50
|
|
|
46.65
|
47.25
|
0.60
|
61.60
|
|
|
56.75
|
57.25
|
0.50
|
98.50
|
|
|
117.50
|
120.30
|
2.80
|
30.16
|
|
Including
|
117.50
|
118.85
|
1.35
|
7.18
|
|
And
|
119.40
|
120.30
|
0.90
|
83.00
|
|
|
127.50
|
128.15
|
0.65
|
5.56
|
|
|
188.20
|
188.75
|
0.55
|
34.30
|
|
CM-18-202
|
|
27.65
|
28.15
|
0.50
|
11.75
|
|
|
39.65
|
43.45
|
3.80
|
7.42
|
|
Including
|
39.65
|
40.15
|
0.50
|
12.25
|
|
And
|
40.15
|
40.65
|
0.50
|
22.50
|
|
And
|
42.65
|
43.45
|
0.80
|
8.91
|
|
|
48.55
|
49.05
|
0.50
|
44.90
|
|
|
64.10
|
69.00
|
4.90
|
5.80
|
|
Including
|
64.60
|
65.15
|
0.55
|
15.55
|
|
And
|
65.15
|
65.90
|
0.75
|
15.70
|
|
|
79.25
|
79.80
|
0.55
|
5.85
|
|
|
187.50
|
188.00
|
0.50
|
12.00
|
|
CM-18-203
|
|
109.50
|
110.00
|
0.50
|
14.50
|
|
|
161.80
|
162.80
|
1.00
|
16.95
|
|
|
212.70
|
214.25
|
1.55
|
4.82
|
|
Including
|
212.70
|
213.45
|
0.75
|
7.97
|
|
CM-18-204
|
|
42.00
|
42.80
|
0.80
|
3.76
|
|
CM-18-205
|
|
203.00
|
203.50
|
0.50
|
6.67
|
|
|
225.50
|
226.00
|
0.50
|
3.62
|
|
CM-18-206
|
|
69.95
|
70.45
|
0.50
|
4.23
|
|
|
77.50
|
78.00
|
0.50
|
8.77
|
|
|
214.00
|
221.60
|
7.60
|
12.26
|
|
Including
|
214.00
|
214.50
|
0.50
|
5.72
|
|
And
|
215.70
|
216.55
|
0.85
|
5.44
|
|
And
|
217.80
|
218.30
|
0.50
|
10.05
|
|
And
|
220.80
|
221.60
|
0.80
|
97.80
|
|
|
240.00
|
240.50
|
0.50
|
4.07
|
|
CM-18-207
|
|
62.65
|
63.25
|
0.60
|
11.50
|
|
|
92.65
|
94.30
|
1.65
|
24.11
|
|
Including
|
92.65
|
93.25
|
0.60
|
58.30
|
|
CM-18-208
|
|
74.10
|
75.70
|
1.60
|
4.47
|
|
Including
|
75.20
|
75.70
|
0.50
|
11.10
|
|
|
101.15
|
101.75
|
0.60
|
5.68
|
|
CM-18-209
|
|
126.10
|
127.00
|
0.90
|
9.35
|
|
|
152.70
|
154.00
|
1.30
|
3.78
|
|
|
176.00
|
176.70
|
0.70
|
14.05
|
|
CM-18-210
|
|
33.70
|
34.75
|
1.05
|
3.62
|
|
|
88.00
|
90.35
|
2.35
|
7.68
|
|
Including
|
88.00
|
88.50
|
0.50
|
16.50
|
|
And
|
89.65
|
90.35
|
0.70
|
13.55
|
|
|
112.25
|
115.65
|
3.40
|
5.55
|
|
Including
|
112.25
|
112.90
|
0.65
|
17.05
|
|
CM-18-211
|
|
47.25
|
50.60
|
3.35
|
16.97
|
|
Including
|
47.25
|
47.75
|
0.50
|
11.85
|
|
And
|
47.75
|
48.35
|
0.60
|
67.30
|
|
And
|
50.10
|
50.60
|
0.50
|
20.80
|
|
|
56.30
|
56.85
|
0.55
|
6.68
|
|
|
59.70
|
60.20
|
0.50
|
14.40
|
|
|
69.20
|
69.70
|
0.50
|
5.09
|
|
|
119.80
|
120.30
|
0.50
|
105.00
|
|
|
139.40
|
140.30
|
0.90
|
7.89
|
|
|
146.05
|
148.05
|
2.00
|
14.39
|
|
Including
|
146.90
|
147.55
|
0.65
|
43.30
|
|
|
165.20
|
166.35
|
1.15
|
9.99
|
|
|
276.40
|
276.90
|
0.50
|
7.91
|
|
CM-18-212
|
|
51.80
|
52.30
|
0.50
|
35.10
|
|
CM-18-213
|
|
121.00
|
126.20
|
5.20
|
6.08
|
|
Including
|
124.25
|
124.75
|
0.50
|
58.50
|
|
|
134.70
|
136.00
|
1.30
|
5.03
|
|
CM-18-214
|
|
82.25
|
82.75
|
0.50
|
18.80
|
|
|
211.80
|
215.35
|
3.55
|
7.18
|
|
Including
|
211.80
|
212.30
|
0.50
|
9.56
|
|
And
|
212.30
|
213.00
|
0.70
|
14.40
|
|
And
|
213.00
|
213.80
|
0.80
|
9.35
|
|
CM-18-215
|
|
17.30
|
18.00
|
0.70
|
56.10
|
|
|
91.05
|
92.20
|
1.15
|
7.76
|
|
|
94.20
|
94.90
|
0.70
|
7.13
|
|
|
109.85
|
110.70
|
0.85
|
9.10
|
|
CM-18-216
|
|
22.80
|
25.70
|
2.90
|
5.88
|
|
Including
|
22.80
|
23.45
|
0.65
|
12.05
|
|
And
|
25.00
|
25.70
|
0.70
|
12.80
|
|
|
43.75
|
46.95
|
3.20
|
5.36
|
|
Including
|
43.75
|
44.25
|
0.50
|
16.50
|
|
And
|
46.00
|
46.95
|
0.95
|
9.21
|
|
|
64.30
|
64.80
|
0.50
|
4.29
|
|
|
71.30
|
71.95
|
0.65
|
4.29
|
|
|
76.90
|
77.60
|
0.70
|
4.52
|
|
|
90.60
|
92.50
|
1.90
|
6.97
|
|
Including
|
90.60
|
91.50
|
0.90
|
11.65
|
|
|
109.50
|
110.15
|
0.65
|
15.55
|
|
|
114.95
|
116.50
|
1.55
|
9.87
|
|
Including
|
114.95
|
115.55
|
0.60
|
17.80
|
|
And
|
116.00
|
116.50
|
0.50
|
7.82
|
|
|
135.90
|
136.50
|
0.60
|
8.48
|
|
|
159.10
|
159.70
|
0.60
|
5.00
|
|
CM-18-217
|
|
15.00
|
16.10
|
1.10
|
9.99
|
|
|
43.00
|
44.50
|
1.50
|
20.70
|
|
|
119.65
|
120.15
|
0.50
|
4.03
|
|
|
261.90
|
262.45
|
0.55
|
7.53
|
|
|
290.85
|
291.40
|
0.55
|
12.95
|
|
|
316.20
|
316.85
|
0.65
|
8.74
|
|
|
347.65
|
349.35
|
1.70
|
8.45
|
|
CM-18-218
|
|
51.15
|
51.85
|
0.70
|
8.48
|
|
|
76.70
|
78.30
|
1.60
|
5.04
|
|
Including
|
76.70
|
77.20
|
0.50
|
11.75
|
|
CM-18-219
|
No Significant Assays
|
|
|
|
|
CM-18-220
|
|
17.50
|
18.90
|
1.40
|
13.75
|
|
|
82.70
|
83.50
|
0.80
|
10.25
|
|
|
87.00
|
92.50
|
5.50
|
7.24
|
|
Including
|
87.00
|
88.10
|
1.10
|
26.20
|
|
And
|
91.00
|
92.50
|
1.50
|
5.28
|
|
CM-18-221
|
|
18.90
|
19.70
|
0.80
|
4.60
|
|
|
67.35
|
68.60
|
1.25
|
11.55
|
|
CM-18-222
|
|
29.00
|
34.00
|
5.00
|
11.77
|
|
Including
|
29.00
|
30.00
|
1.00
|
50.20
|
|
And
|
33.50
|
34.00
|
0.50
|
11.10
|
|
|
90.40
|
96.40
|
6.00
|
11.08
|
|
Including
|
90.40
|
91.20
|
0.80
|
12.50
|
|
And
|
95.70
|
96.40
|
0.70
|
77.30
|
|
CM-18-223
|
No Significant Assays
|
|
|
|
|
CM-18-224
|
|
22.40
|
23.00
|
0.60
|
5.37
|
|
|
76.50
|
77.00
|
0.50
|
15.90
|
|
|
83.70
|
84.70
|
1.00
|
4.74
|
|
|
87.40
|
88.30
|
0.90
|
21.10
|
|
CM-18-225
|
No Significant Assays
|
|
|
|
|
CM-18-226
|
|
34.15
|
35.15
|
1.00
|
29.10
|
|
|
93.15
|
94.10
|
0.95
|
10.65
|
|
|
110.00
|
111.10
|
1.10
|
4.58
|
|
CM-18-227
|
|
40.10
|
42.05
|
1.95
|
46.49
|
|
Including
|
40.10
|
40.90
|
0.80
|
65.60
|
|
And
|
41.40
|
42.05
|
0.65
|
58.70
|
|
CM-18-228
|
|
78.20
|
78.80
|
0.60
|
10.90
|
|
|
143.80
|
144.90
|
1.10
|
6.27
|
|
|
147.50
|
148.00
|
0.50
|
5.78
|
|
|
208.50
|
209.00
|
0.50
|
4.91
|
|
CM-18-229
|
|
126.00
|
126.70
|
0.70
|
23.30
|
|
|
136.80
|
140.90
|
4.10
|
6.63
|
|
Including
|
139.40
|
140.90
|
1.50
|
15.90
|
|
|
147.00
|
149.60
|
2.60
|
5.82
|
|
Including
|
148.15
|
149.00
|
0.85
|
11.75
|
|
|
154.50
|
155.85
|
1.35
|
6.69
|
|
CM-18-230
|
|
104.95
|
105.50
|
0.55
|
27.90
|
|
|
150.90
|
151.70
|
0.80
|
14.90
|
|
|
212.65
|
213.50
|
0.85
|
36.50
|
|
|
221.30
|
225.00
|
3.70
|
6.35
|
|
Including
|
221.30
|
222.00
|
0.70
|
4.12
|
|
And
|
223.90
|
225.00
|
1.10
|
18.40
|
|
CM-18-231
|
|
30.30
|
31.00
|
0.70
|
6.66
|
|
|
47.10
|
49.50
|
2.40
|
13.80
|
|
Including
|
47.10
|
47.60
|
0.50
|
22.90
|
|
And
|
49.00
|
49.50
|
0.50
|
35.70
|
|
|
61.75
|
65.70
|
3.95
|
18.79
|
|
Including
|
64.90
|
65.70
|
0.80
|
89.20
|
|
|
84.25
|
84.80
|
0.55
|
34.10
|
|
|
169.50
|
170.20
|
0.70
|
6.63
|
|
|
277.00
|
277.50
|
0.50
|
7.37
|
Table 2: Drillhole Collar Orientations:
|
HOLE ID
|
AZIMUTH
|
DIP
|
|
CM-18-201
|
309
|
-49
|
|
CM-18-202
|
142
|
-46
|
|
CM-18-203
|
141
|
-65
|
|
CM-18-204
|
140
|
-45
|
|
CM-18-205
|
310
|
-45
|
|
CM-18-206
|
139
|
-45
|
|
CM-18-207
|
140
|
-60
|
|
CM-18-208
|
136
|
-59
|
|
CM-18-209
|
310
|
-60
|
|
CM-18-210
|
296
|
-45
|
|
CM-18-211
|
142
|
-53
|
|
CM-18-212
|
139
|
-50
|
|
CM-18-213
|
131
|
-56
|
|
CM-18-214
|
155
|
-52
|
|
CM-18-215
|
289
|
-58
|
|
CM-18-216
|
130
|
-60
|
|
CM-18-217
|
136
|
-50
|
|
CM-18-218
|
289
|
-45
|
|
CM-18-219
|
116
|
-45
|
|
CM-18-220
|
290
|
-65
|
|
CM-18-221
|
304
|
-44
|
|
CM-18-222
|
140
|
-63
|
|
CM-18-223
|
113
|
-54
|
|
CM-18-224
|
300
|
-51
|
|
CM-18-225
|
140
|
-49
|
|
CM-18-226
|
145
|
-55
|
|
CM-18-227
|
139
|
-54
|
|
CM-18-228
|
146
|
-61
|
|
CM-18-229
|
120
|
-52
|
|
CM-18-230
|
139
|
-60
|
|
CM-18-231
|
150
|
-50
|
SOURCE Barkerville Gold Mines Ltd.
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