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Barkerville Gold Intersects 9.85 g/t Gold Over 10.40 Meters and 8.96 g/t Gold Over 8.60 Meters

HIGH-GRADE INTERCEPTS INCLUDE 102.50 G/T GOLD OVER 0.60 METER, 180.50 G/T GOLD OVER 0.55 METER, 169.50 G/T GOLD OVER 0.50 METER

TORONTO, Jan. 10, 2019 /CNW/ - Barkerville Gold Mines Ltd. (TSXV:BGM.V - News) (the "Company" or "Barkerville") is pleased to announce drilling results of 50 holes from the 2018 Cow Mountain exploration and category conversion program at the Company's flagship Cariboo Gold Project. The recent drilling results demonstrate continuity of high grade gold mineralization within vein corridors and extensions down dip and down plunge. A total of 63,970 meters in 231 holes were drilled on Cow Mountain during the 2018 drill program.

Recent highlights from the Cow Mountain exploration and delineation program include 10.47 g/t Au over 7.30 meters in hole CM-18-164, located 20 meters down dip from CM-18-159, that intersected 8.70 g/t Au over 3.35 meters within an existing vein corridor. CM-18-153 intersected 8.96 g/t Au over 8.60 meters, including high grade intercepts of 17.40 g/t Au over 0.85 meter, 9.35 g/t Au over 0.50 meter and 33.30 g/t Au over 0.70 meter.

Selected Drilling Highlights:

  • CM-18-151: 29.87 g/t Au over 3.85meters including 102.50 g/t Au over 0.60 meters
  • CM-18-153: 8.96 g/t Au over 8.60 meters
  • CM-18-158: 9.85 g/t Au over 10.40 meters
  • CM-18-159: 169.50 g/t Au over 0.50 meter
  • CM-18-159: 8.70 g/t Au over 3.35 meters
  • CM-18-164: 10.47 g/t Au over 7.30 meters
  • CM-18-172: 9.08 g/t Au over 4.55 meters
  • CM-18-172: 35.32 g/t Au over 3.50 meters including 180.50 g/t Au over 0.55 meter
  • CM-18-178: 73.70 g/t Au over 0.70 meter
  • CM-18-186: 10.39 g/t Au over 3.65 meters
  • CM-18-187: 11.09 g/t Au over 3.10 meters
  • CM-18-197: 7.05 g/t Au over 6.65 meters
  • CM-18-198: 45.50 g/t Au over 0.95 meter


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 developing and delineating a mineable resource within the 7 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 developing and mining the Bonanza Ledge and BC Vein deposits on Barkerville Mountain. This operation allows the company to generate near term cash flow, train a local work force, keeps the present mining permit active, and de-risk's the project through staged production growth.  Processing of material from these deposits is processed at the QR mill. QR is a fully owned, permitted mill and tailings facility, located approximately 110 kilometres away from Wells, and can be accessed by an all-season road.

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.

Cow Mountain Drilling Plan Map (CNW Group/Barkerville Gold Mines Ltd.)
Modelled Vein Corridor Zones (CNW Group/Barkerville Gold Mines Ltd.)
Cow Mountain Long Section Looking Northeast (CNW Group/Barkerville Gold Mines Ltd.)

Table 1: Length Weighted Gold Composites from Cow Mountain







HOLE ID


FROM

TO

LENGTH (M)

AU (G/T)

CM-18-151


37.50

39.20

1.70

19.52


Including

37.50

38.00

0.50

58.40


And

38.70

39.20

0.50

7.43



50.60

53.00

2.40

3.95


Including

51.50

52.00

0.50

7.56


And

52.50

53.00

0.50

6.41



73.70

74.20

0.50

6.26



89.50

93.35

3.85

29.87


Including

89.50

90.05

0.55

10.10


And

90.05

90.65

0.60

102.50


And

92.60

93.35

0.75

59.20



217.50

218.00

0.50

4.83

CM-18-152


75.60

76.10

0.50

4.48



250.50

253.35

2.85

7.86


Including

250.50

251.25

0.75

26.40



273.15

273.65

0.50

17.15



283.20

283.70

0.50

26.10



359.80

360.80

1.00

7.01

CM-18-153


237.90

246.50

8.60

8.96


Including

241.20

242.05

0.85

17.40


And

242.05

242.55

0.50

9.35


And

244.15

244.85

0.70

33.30



251.25

251.75

0.50

6.79



262.30

262.80

0.50

4.38

CM-18-154


48.00

48.60

0.60

6.46

CM-18-155

No Significant Assays





CM-18-156


63.00

63.50

0.50

7.25



106.00

106.50

0.50

4.20



148.35

148.85

0.50

24.30



181.00

182.50

1.50

4.81

CM-18-157


43.60

44.20

0.60

4.62

CM-18-158


189.10

199.50

10.40

9.85


Including

189.10

190.10

1.00

48.90


And

190.10

190.80

0.70

10.20


And

194.50

195.10

0.60

9.78


And

195.10

196.00

0.90

16.85


And

197.20

198.00

0.80

16.55



239.50

240.00

0.50

4.98



273.90

274.50

0.60

4.36



399.70

401.35

1.65

8.35


Including

400.60

401.35

0.75

10.70

CM-18-159


140.70

141.20

0.50

169.50



150.60

151.20

0.60

8.25



157.20

161.15

3.95

5.50


Including

158.20

159.00

0.80

14.55


And

159.00

160.00

1.00

8.76



203.40

205.90

2.50

8.38


Including

205.20

205.90

0.70

27.20



217.50

218.00

0.50

4.81



233.30

233.80

0.50

8.43



242.70

243.40

0.70

4.75



339.20

341.70

2.50

6.75


Including

340.00

340.70

0.70

7.50


And

340.70

341.70

1.00

8.76



347.55

348.05

0.50

8.10



349.65

353.00

3.35

8.70


Including

349.65

350.65

1.00

15.65


And

352.35

353.00

0.65

18.85



359.90

360.40

0.50

8.13

CM-18-160


177.50

178.15

0.65

8.64



250.85

252.00

1.15

10.52


Including

250.85

251.50

0.65

15.45



328.15

329.00

0.85

5.14

CM-18-161


52.70

53.75

1.05

19.65



57.40

57.90

0.50

10.00



66.45

67.00

0.55

4.97



114.30

115.00

0.70

21.70



189.50

195.00

5.50

4.78


Including

191.00

192.00

1.00

11.05


And

193.50

195.00

1.50

7.19

CM-18-162


109.40

110.00

0.60

17.10



118.90

119.50

0.60

11.20

CM-18-163


67.50

72.00

4.50

4.90


Including

67.50

68.30

0.80

15.40


And

71.20

72.00

0.80

8.33



189.90

190.50

0.60

12.75

CM-18-164


194.10

194.80

0.70

14.45



201.90

202.40

0.50

6.33



221.60

222.10

0.50

21.40



223.60

224.20

0.60

4.40



230.50

231.00

0.50

21.80



241.20

241.70

0.50

8.11



246.50

247.00

0.50

5.14



257.25

257.75

0.50

4.51



303.70

304.25

0.55

4.00



321.30

321.80

0.50

5.39



348.80

350.45

1.65

18.35


Including

348.80

349.45

0.65

15.05


And

349.95

350.45

0.50

40.50



360.20

360.70

0.50

9.44



365.70

373.00

7.30

10.47


Including

365.70

366.25

0.55

49.30


And

368.00

368.75

0.75

23.20


And

369.45

370.15

0.70

11.65


And

371.40

372.20

0.80

11.95

CM-18-165


74.50

76.00

1.50

5.02



80.35

81.00

0.65

4.98



118.00

118.60

0.60

18.10

CM-18-166


119.25

119.75

0.50

5.76



122.50

123.00

0.50

18.60



135.00

135.50

0.50

5.48



137.40

138.00

0.60

4.70



179.20

180.00

0.80

4.36



196.25

197.20

0.95

5.55



362.30

362.85

0.55

5.64



469.25

469.70

0.45

4.78

CM-18-167


118.80

120.80

2.00

10.47


Including

120.30

120.80

0.50

22.50



129.00

129.90

0.90

9.34



138.10

138.60

0.50

7.29



180.30

181.60

1.30

10.85



246.60

247.25

0.65

10.45



261.45

262.00

0.55

9.66



308.80

309.53

0.73

9.55

CM-18-168


214.90

215.40

0.50

39.90



216.00

216.50

0.50

11.70



246.90

247.50

0.60

11.75



262.80

263.30

0.50

4.65

CM-18-169


233.80

234.30

0.50

15.10



267.60

268.35

0.75

14.05



310.00

310.50

0.50

20.10



361.45

361.95

0.50

10.50



365.70

366.20

0.50

10.55



369.70

370.60

0.90

22.70



406.25

407.05

0.80

32.90

CM-18-170


109.85

110.35

0.50

17.90



144.10

144.65

0.55

23.80



174.45

175.25

0.80

6.10



211.65

212.85

1.20

26.66


Including

212.35

212.85

0.50

35.00



322.15

323.05

0.90

5.19

CM-18-171

No Significant Assays





CM-18-172


176.25

180.80

4.55

9.08


Including

179.20

179.75

0.55

46.30


And

179.75

180.30

0.55

9.08


And

180.30

180.80

0.50

9.56



277.55

281.05

3.50

35.32


Including

277.55

278.10

0.55

180.50


And

279.30

280.00

0.70

14.15


And

280.00

281.05

1.05

12.10



373.10

375.00

1.90

5.13


Including

374.40

375.00

0.60

10.15



409.95

412.40

2.45

9.07


Including

409.95

411.00

1.05

11.80


And

411.00

411.85

0.85

9.89



413.80

414.20

0.40

4.02

CM-18-173


116.00

116.50

0.50

5.16



134.40

135.00

0.60

10.25



190.75

191.35

0.60

4.71



196.40

197.45

1.05

4.34



240.75

241.85

1.10

11.56



244.50

245.00

0.50

17.35



301.90

302.40

0.50

7.29



321.05

324.55

3.50

8.13


Including

321.05

321.85

0.80

15.60


And

323.85

324.55

0.70

21.10



332.50

333.00

0.50

11.25



337.00

339.00

2.00

5.77


Including

338.50

339.00

0.50

16.45

CM-18-174


95.75

96.25

0.50

5.70



141.00

141.65

0.65

4.16



165.00

166.30

1.30

17.98


Including

165.50

166.30

0.80

22.00



208.40

209.35

0.95

25.30

CM-18-175


154.00

154.50

0.50

6.82



191.30

191.80

0.50

8.25



231.50

232.15

0.65

14.60



253.80

254.30

0.50

6.74



367.70

369.70

2.00

4.81


Including

367.70

368.90

1.20

5.40

CM-18-176


127.65

130.55

2.90

5.91


Including

130.00

130.55

0.55

7.67

CM-18-177


74.80

75.20

0.40

8.27



107.50

108.00

0.50

5.63

CM-18-178


172.50

173.00

0.50

9.95



185.25

186.00

0.75

9.69



246.87

249.50

2.63

4.06


Including

246.87

247.50

0.63

8.12


And

249.00

249.50

0.50

5.76



255.75

257.10

1.35

6.35



261.10

261.60

0.50

21.90



268.20

268.90

0.70

73.70



271.65

272.20

0.55

6.96



294.00

294.75

0.75

9.49

CM-18-179


121.80

122.30

0.50

10.50



139.95

141.55

1.60

5.25



202.80

204.00

1.20

35.44


Including

202.80

203.50

0.70

44.40



205.80

206.30

0.50

4.30



213.00

214.50

1.50

5.86

CM-18-180


158.50

159.00

0.50

5.07



175.00

175.50

0.50

13.40

CM-18-181


70.10

70.60

0.50

7.72



328.10

328.60

0.50

5.37

CM-18-182


106.90

108.00

1.10

7.48



128.25

130.50

2.25

5.25


Including

129.00

129.85

0.85

10.85



197.85

201.80

3.95

7.63


Including

197.85

198.50

0.65

18.80


And

200.20

201.00

0.80

14.60



292.95

294.20

1.25

6.98


Including

292.95

293.70

0.75

9.78

CM-18-183


223.70

224.20

0.50

64.80



261.55

262.00

0.45

4.87



283.60

286.50

2.90

8.66


Including

283.60

284.10

0.50

8.83


And

284.60

285.45

0.85

18.65

CM-18-184


171.00

172.10

1.10

5.93


Including

171.00

171.50

0.50

10.50



211.60

212.10

0.50

7.80



223.20

223.70

0.50

7.73



226.00

226.50

0.50

41.40



240.40

242.10

1.70

11.42


Including

240.40

241.00

0.60

9.05


And

241.60

242.10

0.50

27.80

CM-18-185

No Significant Assays





CM-18-186


95.20

96.60

1.40

19.92


Including

95.20

96.00

0.80

25.30



122.00

122.50

0.50

4.56



199.20

201.50

2.30

7.86


Including

201.00

201.50

0.50

21.70



228.00

228.50

0.50

12.95



239.50

240.00

0.50

4.73



261.45

265.10

3.65

10.39


Including

261.45

262.10

0.65

20.80


And

262.10

263.00

0.90

21.50


And

264.55

265.10

0.55

7.78

CM-18-187


49.50

50.50

1.00

21.60



81.30

81.80

0.50

12.90



118.30

118.80

0.50

41.50



148.90

149.60

0.70

5.81



214.20

217.30

3.10

11.09


Including

214.20

214.70

0.50

9.13


And

214.70

215.40

0.70

17.80


And

216.30

217.30

1.00

15.75



368.50

369.50

1.00

5.21

CM-18-188


219.00

219.50

0.50

12.85

CM-18-189


92.90

93.60

0.70

5.42



101.50

104.90

3.40

6.29


Including

102.70

103.25

0.55

34.00



244.65

245.20

0.55

20.30



260.40

261.00

0.60

5.41

CM-18-190


62.50

64.00

1.50

4.42



230.25

230.75

0.50

7.66



262.15

263.00

0.85

3.76

CM-18-191

No Significant Assays





CM-18-192


10.75

11.40

0.65

12.20



69.00

69.50

0.50

5.31



78.50

79.00

0.50

5.89



101.50

102.00

0.50

6.43



172.00

173.50

1.50

6.56



183.60

184.10

0.50

20.50



198.20

198.70

0.50

8.32



235.20

235.70

0.50

12.50

CM-18-193


60.00

60.50

0.50

6.88

CM-18-194


209.85

210.40

0.55

5.37

CM-18-195


67.70

68.40

0.70

6.11



129.80

130.30

0.50

4.15



212.15

212.75

0.60

8.37



224.35

225.00

0.65

5.58



229.75

230.30

0.55

21.40

CM-18-196


30.00

31.00

1.00

5.73



79.10

79.60

0.50

14.70



135.70

136.70

1.00

9.61


Including

135.70

136.20

0.50

11.00



183.00

183.50

0.50

5.93

CM-18-197


12.45

19.10

6.65

7.05


Including

12.45

12.95

0.50

64.20


And

17.45

18.45

1.00

7.78


And

18.45

19.10

0.65

5.72



44.05

44.55

0.50

52.90



61.00

62.00

1.00

4.23



93.00

93.50

0.50

21.90



117.50

119.00

1.50

10.62


Including

117.50

118.00

0.50

24.10


And

118.50

119.00

0.50

7.73



176.45

176.95

0.50

5.45



188.00

188.60

0.60

28.80

CM-18-198


113.30

114.25

0.95

45.50



120.90

123.00

2.10

4.30


Including

121.55

122.05

0.50

8.95



218.10

218.65

0.55

11.00

CM-18-199


208.35

209.30

0.95

45.00



223.50

224.50

1.00

12.20

CM-18-200


83.90

84.75

0.85

11.35



199.20

200.00

0.80

4.35



252.35

253.65

1.30

9.61



261.15

261.95

0.80

7.78



297.15

297.65

0.50

5.40

 

Table 2: Drillhole Collar Orientations:

HOLE ID

Azimuth

Dip

CM-18-151

125

-50

CM-18-152

137

-54

CM-18-153

134

-56

CM-18-154

129

-60

CM-18-155

121

-58

CM-18-156

286

-66

CM-18-157

140

-51

CM-18-158

129

-48

CM-18-160

130

-52

CM-18-159

118

-54

CM-18-161

284

-60

CM-18-162

325

-45

CM-18-163

326

-65

CM-18-164

138

-47

CM-18-165

152

-47

CM-18-166

131

-49

CM-18-167

120

-56

CM-18-169

137

-51

CM-18-170

136

-50

CM-18-171

123

-53

CM-18-173

124

-53

CM-18-172

139

-52

CM-18-174

132

-56

CM-18-175

132

-55

CM-18-176

125

-50

CM-18-177

130

-58

CM-18-178

129

-46

CM-18-179

144

-53

CM-18-168

131

-49

CM-18-180

117

-45

CM-18-181

126

-54

CM-18-182

140

-57

CM-18-185

150

-59

CM-18-183

120

-51

CM-18-184

148

-53

CM-18-186

152

-65

CM-18-187

114

-51

CM-18-188

123

-54

CM-18-189

140

-57

CM-18-190

137

-52

CM-18-191

315

-56

CM-18-192

296

-47

CM-18-195

139

-47

CM-18-193

115

-59

CM-18-194

123

-50

CM-18-196

294

-56

CM-18-197

313

-54

CM-18-198

136

-45

CM-18-199

135

-53

CM-18-200

139

-52

 

Barkerville Gold Mines Ltd. (CNW Group/Barkerville Gold Mines Ltd.)

SOURCE Barkerville Gold Mines Ltd.


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