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BGM Expands Mineralization on Barkerville Mountain

Drilling Intersects 21.91 G/t Gold Over 7.85 Meters 60 Meters From Surface

TORONTO, July 17, 2019 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM. the "Company" or "BGM") is pleased to announce the new drilling results from its ongoing Barkerville Mountain exploration program at the Company's flagship Cariboo Gold Project in central British Columbia.

New results from recent holes of the ongoing Phase 1 exploratory drill program on Barkerville Mountain identified new vein corridors and anomalous intersections on the KL Zone including 6.25 g/t Au over 5.15 meters in drillhole BM-19-022 and 49.63 g/t Au over 2.35 meters on BM-19-025 including a sample that assayed 145 g/t Au over 0.80 meters. The apparent strike length of this system is 1.5 kilometers, outlined from the recent drill results and the Company's detailed lithological and structural mapping programs conducted over the last two years.

In addition to the recent drilling on the KL Zone, a total of 3,700 meters were drilled in 23 holes to further delineate the BC Vein deposit. Mineralized vein corridors are intersected in the hanging wall of the BC Vein within the sandstone unit and include intercepts of 10.21 g/t Au over 3.30 meters in BCVN-19-004 and 21.91 g/t Au over 7.85 meters in BCVN-19-015 including a sample of 275 g/t Au over 0.60 meters. These vein composites are described as extensional (EXT) or Axial Planar (AXPL) in the table below to differentiate from the BC Vein deposit.

BGM is currently exploring on Barkerville Mountain with three diamond drill rigs to continue testing for vein corridors analogous to Cow and Island Mountain in the hanging wall (north east) of the BC Vein and to continue to delineate and expand the high-grade vein mineralization on Barkerville Mountain KL Zone. A total of 40,000 meters of drilling is planned for Barkerville Mountain this year.

Select Drilling Highlights for Vein Corridors:

  • BM-19-022: 6.25 g/t Au over 5.15 meters
  • BM-19-022: 27.1 g/t Au over 0.50 meters
  • BM-19-024: 32.4 g/t Au over 0.75 meters
  • BM-19-025: 49.63 g/t Au over 2.35 meters including 145 g/t Au over 0.80 meters
  • BM-19-030: 6.71 g/t Au over 3.05 meters including 26.3 g/t Au over 0.55 meters
  • BM-19-033: 6.77 g/t Au over 3.50 meters
  • BM-19-034: 43.6 g/t Au over 0.50 meters
  • BM-19-036: 10.08 g/t Au over 2.70 meters
  • BCVN-19-004:10.21 g/t Au over 3.30 meters
  • BCVN-19-015: 21.91 g/t Au over 7.85 meters including 275 g/t Au over 0.60 meters
  • BCVN-19-016: 5.72 g/t Au over 3.70 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.

Select assay highlights from 2019 are presented on the map below. A complete table of assay highlights for BM-19-015 to BM-19-039 and BCVN-19-001 to BCVN-19-023 is present below. The drillhole location and assay highlights are located on the Company's website:

Barkerville Gold Mines Ltd. 3D Deposit Model 

Mineralized vein corridors on the Cariboo Gold Project are overall sub-vertical dip and northeast strike.  Vein corridors are defined as a high-density network of mineralized quartz veins within the F3 fold axis local to the sandstone horizons.  Gold grades are intimately associated with vein-hosted pyrite, and intensely silicified wall rock haloes in close proximity to the vein corridors.

Fault-fill breccia veins such as that of the BC Vein are subparallel to foliation and hosted in carbonaceous mudstone. This vein is continuous along strike for 1.4 km and is bound on the hanging wall by carbonaceous mudstone, siltstone and interbedded sandstone and on the footwall by calcareous siltstone. The vein dips moderately at 65° to the northeast. Mineralization within the fault-filled breccia vein consists of fine disseminated pyrite in rehealed breccia matrix.

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.

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 permit 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.


Deposit Zones, Cariboo Gold Project (CNW Group/Barkerville Gold Mines Ltd.)
Barkerville Mountain Drilling, Cariboo Gold Project (CNW Group/Barkerville Gold Mines Ltd.)


Table 1: Length Weighted Gold Composites for Barkerville Mountain KL Zone Holes

HOLE ID


DEPTH
FROM
(M)

DEPTH
TO (M)

LENGTH
(M)

AU (G/T)

BM-19-015


299.05

300.10

1.05

4.05


Including

299.05

299.60

0.55

6.92



333.00

333.50

0.50

3.07



360.35

360.90

0.55

9.77



370.30

370.80

0.50

3.14



393.10

393.65

0.55

10.05



398.85

399.40

0.55

3.91



405.60

406.25

0.65

8.08



440.00

440.50

0.50

6.66



446.05

448.30

2.25

5.17

BM-19-016


58.80

59.30

0.50

3.03



64.80

65.30

0.50

6.54



115.00

115.50

0.50

7.72



204.80

208.05

3.25

3.05


Including

204.80

205.30

0.50

7.14


and

207.30

208.05

0.75

7.18



557.50

558.00

0.50

5.61

BM-19-017

No Significant Assays




BM-19-018


153.90

156.65

2.75

4.56


Including

154.90

155.40

0.50

9.53



632.20

632.70

0.50

9.41

BM-19-019


5.70

6.50

0.80

10.80



14.35

15.00

0.65

9.50



21.00

21.50

0.50

9.87



46.50

47.90

1.40

3.09


Including

47.30

47.90

0.60

5.75



107.00

107.50

0.50

5.12



165.55

166.05

0.50

4.34



232.70

233.40

0.70

3.99



247.00

247.50

0.50

18.55



264.55

265.40

0.85

5.42



267.00

268.00

1.00

4.45



350.00

350.55

0.55

6.95

BM-19-020


129.85

131.20

1.35

5.58


Including

130.65

131.20

0.55

12.80



152.75

155.50

2.75

4.37


Including

155.00

155.50

0.50

19.35



159.30

159.90

0.60

4.62



163.50

164.00

0.50

4.13



166.10

166.60

0.50

9.06



170.35

170.85

0.50

4.44



172.80

175.20

2.40

3.52


Including

172.80

173.40

0.60

4.39


and

174.70

175.20

0.50

11.55



213.20

213.85

0.65

8.20



223.15

223.80

0.65

4.23



284.80

285.30

0.50

10.65



295.05

296.05

1.00

3.92



310.45

310.95

0.50

4.11



314.90

316.00

1.10

5.96



515.30

516.00

0.70

7.51

BM-19-021

No Significant Assays




BM-19-022


32.00

33.10

1.10

4.67



52.00

53.50

1.50

4.37



69.00

74.15

5.15

6.25



109.30

110.10

0.80

6.32



166.50

167.00

0.50

4.92



203.00

205.00

2.00

7.73


Including

203.00

203.50

0.50

27.10



219.05

219.65

0.60

12.40



292.70

296.00

3.30

3.91


Including

292.70

293.25

0.55

20.40

BM-19-023

Hole Abandoned




BM-19-024


207.70

209.50

1.80

14.48


Including

208.20

208.95

0.75

32.40



221.50

223.50

2.00

4.26


Including

222.00

222.50

0.50

13.05



296.50

297.00

0.50

3.71



323.30

323.85

0.55

15.80



419.90

420.40

0.50

3.71



446.90

447.45

0.55

5.85



484.40

484.90

0.50

8.01

BM-19-025


47.95

48.55

0.60

3.78



72.15

72.95

0.80

5.33



80.85

81.35

0.50

4.84



85.70

86.20

0.50

8.99



97.25

97.75

0.50

3.51



122.45

124.80

2.35

49.63


Including

124.00

124.80

0.80

145.00



133.50

134.00

0.50

4.31

BM-19-026


130.00

130.50

0.50

6.52



174.15

179.05

4.90

3.57


Including

174.15

175.00

0.85

14.90


and

178.50

179.05

0.55

7.64



225.00

225.50

0.50

7.28



293.00

293.70

0.70

3.10



308.50

309.00

0.50

15.15



401.50

410.10

8.60

3.84


Including

402.00

403.50

1.50

7.99


and

409.20

410.10

0.90

21.30

BM-19-027


195.10

195.85

0.75

3.28



239.50

240.00

0.50

3.65



332.00

332.50

0.50

3.33



421.35

421.85

0.50

5.27

BM-19-028


19.50

20.00

0.50

4.33

BM-19-029


123.30

123.80

0.50

4.55



212.90

213.50

0.60

4.62



414.00

414.70

0.70

4.71



422.35

422.85

0.50

9.66



463.65

464.25

0.60

5.47

BM-19-030


168.50

171.55

3.05

6.71


Including

168.50

169.00

0.50

11.85


and

171.00

171.55

0.55

26.30

BM-19-031


169.40

169.90

0.50

4.30

BM-19-032


36.50

37.10

0.60

10.55



44.70

45.20

0.50

3.77



93.00

97.50

4.50

4.90


Including

93.00

93.50

0.50

36.10



120.90

122.40

1.50

4.85



215.40

216.40

1.00

4.70



233.50

234.00

0.50

27.70



336.70

337.30

0.60

4.35



375.20

375.70

0.50

7.15



414.55

417.65

3.10

2.74


Including

414.55

415.15

0.60

6.84



437.50

438.00

0.50

4.70

BM-19-033


62.80

63.40

0.60

6.80



138.10

138.80

0.70

7.78



140.85

144.35

3.50

6.77


Including

140.85

141.85

1.00

16.75


and

143.80

144.35

0.55

12.15



146.15

146.65

0.50

3.50



147.50

148.00

0.50

4.30



154.60

156.50

1.90

3.87

BM-19-034


35.15

36.05

0.90

3.88



158.05

158.55

0.50

43.60



183.00

183.70

0.70

4.69



255.30

256.10

0.80

12.75



416.50

417.05

0.55

4.16

BM-19-035


55.00

55.50

0.50

6.04

BM-19-036


50.00

50.50

0.50

4.07



68.10

70.80

2.70

10.08


Including

68.10

69.00

0.90

12.65


and

70.15

70.80

0.65

24.20



78.25

78.75

0.50

7.19



163.50

164.00

0.50

3.49



345.80

346.30

0.50

3.61

BM-19-037


14.30

14.80

0.50

6.57



270.00

273.10

3.10

4.02



435.40

436.00

0.60

14.60

BM-19-038


135.50

136.75

1.25

5.93



138.50

139.00

0.50

3.58



296.55

297.25

0.70

17.00



426.00

426.60

0.60

4.69



597.00

597.50

0.50

3.69

BM-19-039


157.30

159.50

2.20

3.63


Including

158.85

159.50

0.65

10.35



182.55

183.45

0.90

3.97



225.75

226.25

0.50

10.40



279.80

280.70

0.90

5.07



294.40

295.75

1.35

16.24


Including

295.15

295.75

0.60

34.20

 

Table 2: Length Weighted Gold Composites for BC Vein Holes

HOLE ID


DEPTH
FROM (M)

DEPTH
TO (M)

LENGTH
(M)

AU (G/T)

VEIN TYPE

BCVN-19-001


22.75

23.25

0.50

5.44

EXT



36.90

37.40

0.50

4.26

EXT



101.75

102.50

0.75

11.10

BCVN



114.85

120.10

5.25

8.75

BCVN


Including

115.50

116.00

0.50

11.65



and

117.50

118.00

0.50

14.85



and

118.50

119.00

0.50

17.45



and

119.50

120.10

0.60

17.55


BCVN-19-002


101.00

101.75

0.75

8.61

EXT



102.90

103.40

0.50

4.96

EXT



107.00

107.65

0.65

8.94

BCVN



114.75

115.30

0.55

26.30

BCVN



117.30

118.30

1.00

7.15

BCVN



128.95

129.70

0.75

4.13

BCVN



136.50

137.20

0.70

4.73

BCVN

BCVN-19-003


77.00

77.50

0.50

13.70

EXT



113.00

113.50

0.50

5.43

EXT



127.20

153.00

25.80

5.11

BCVN


Including

127.20

128.70

1.50

20.20



and

129.70

130.20

0.50

46.50



and

135.00

136.00

1.00

25.40



and

147.30

147.80

0.50

12.45



and

147.80

148.30

0.50

23.90


BCVN-19-004


59.50

60.00

0.50

5.24

AXPL



108.90

112.20

3.30

10.21

AXPL


Including

108.90

109.40

0.50

10.40




111.15

112.20

1.05

23.70

AXPL



118.70

119.20

0.50

7.10

BCVN



126.00

126.50

0.50

3.24

BCVN



129.35

130.10

0.75

5.08

BCVN

BCVN-19-005


29.65

30.15

0.50

4.42

EXT



78.65

79.40

0.75

5.71

EXT



98.90

106.60

7.70

8.91

BCVN


Including

99.40

99.90

0.50

8.05



and

100.40

101.00

0.60

25.60



and

104.00

104.80

0.80

44.20


BCVN-19-006


71.00

73.00

2.00

4.94

EXT


Including

71.00

71.60

0.60

12.00



and

72.50

73.00

0.50

5.18




139.00

151.00

12.00

6.29

BCVN

BCVN-19-007


28.15

28.65

0.50

4.63

EXT



108.00

115.00

7.00

12.83

BCVN


Including

109.50

110.15

0.65

40.30



and

110.15

111.00

0.85

58.10



and

111.00

112.30

1.30

10.00


BCVN-19-008


116.50

117.00

0.50

3.87

AXPL



125.60

149.00

23.40

9.90

BCVN


Including

125.60

126.60

1.00

52.70



and

128.00

129.50

1.50

16.15



and

130.00

131.00

1.00

32.40



and

131.00

132.00

1.00

27.40



and

135.00

136.00

1.00

36.50



and

137.50

138.00

0.50

37.50


BCVN-19-009


27.35

28.15

0.80

4.72

EXT



93.00

93.50

0.50

6.96

AXPL



100.30

106.50

6.20

8.35

BCVN


Including

103.00

104.00

1.00

29.80



and

104.00

104.70

0.70

12.90



and

104.70

105.25

0.55

13.05




137.50

138.00

0.50

6.59

BCVN

BCVN-19-010


74.40

75.05

0.65

4.13

AXPL



140.80

142.00

1.20

6.76

BCVN



147.00

148.40

1.40

3.48

BCVN

BCVN-19-011


31.00

32.35

1.35

4.04

AXPL



97.00

98.00

1.00

7.12

AXPL



120.00

124.50

4.50

4.57

BCVN


Including

121.65

122.25

0.60

21.10

BCVN

BCVN-19-012


21.10

22.45

1.35

4.57

AXPL



142.70

150.00

7.30

9.87

BCVN


Including

145.40

146.50

1.10

53.80



and

147.20

148.50

1.30

7.80


BCVN-19-013

Hole Abandoned





BCVN-19-014


78.85

80.00

1.15

8.76

EXT



135.50

138.00

2.50

7.33

EXT


Including

135.50

136.00

0.50

27.60




140.50

143.25

2.75

6.97

BCVN


Including

142.50

143.25

0.75

23.00


BCVN-19-015


75.15

83.00

7.85

21.91

AXPL


Including

76.10

76.70

0.60

275.00




99.70

101.50

1.80

3.31

AXPL


Including

99.70

100.20

0.50

10.35




113.90

114.40

0.50

3.25

AXPL



126.40

130.30

3.90

3.85

BCVN



138.05

138.80

0.75

36.60

BCVN

BCVN-19-016


83.15

86.85

3.70

5.72

EXT


Including

83.15

83.65

0.50

6.69



and

86.35

86.85

0.50

35.20




102.90

104.10

1.20

5.57

AXPL



129.00

129.60

0.60

3.94

AXPL



140.50

146.20

5.70

4.84

BCVN

BCVN-19-017


44.25

45.00

0.75

9.38

EXT



97.20

105.80

8.60

22.43

BCVN


Including

97.80

99.00

1.20

30.30



and

99.00

100.20

1.20

60.70



and

100.20

101.00

0.80

34.90



and

101.00

102.00

1.00

37.30


BCVN-19-018


99.90

106.25

6.35

12.07

BCVN


Including

104.10

104.75

0.65

27.20



and

104.75

105.65

0.90

40.20



and

105.65

106.25

0.60

25.40


BCVN-19-019


49.75

50.25

0.50

6.47

EXT



80.35

81.00

0.65

3.60

EXT



90.85

91.60

0.75

3.28

EXT

BCVN-19-020


102.50

106.05

3.55

12.46

BCVN


Including

102.50

104.00

1.50

7.91



and

105.00

106.05

1.05

29.50


BCVN-19-021


103.00

103.90

0.90

7.27

BCVN

BCVN-19-022


95.50

96.25

0.75

3.38

EXT



113.50

118.10

4.60

6.70

BCVN


Including

114.85

116.10

1.25

23.40


BCVN-19-023


106.70

107.50

0.80

3.12

EXT



172.00

175.50

3.50

7.14

BCVN


Including

174.00

174.50

0.50

10.40


 

Table 2: Drillhole Collar Orientations:

HOLE ID

DIP

AZIMUTH

DEPTH (M)

BM-19-015

-44

120

495

BM-19-016

-46

124

588

BM-19-017

-46

123

318

BM-19-018

-44

119

651

BM-19-019

-45

118

633

BM-19-020

-46

119

693

BM-19-021

-47

124

300

BM-19-022

-45

123

566

BM-19-023

-45

116

50

BM-19-024

-45

124

648

BM-19-025

-46

118

555

BM-19-026

-45

121

501

BM-19-027

-44

120

501

BM-19-028

-45

119

510

BM-19-029

-43

118

525

BM-19-030

-45

123

522

BM-19-031

-46

125

501

BM-19-032

-44

119

564

BM-19-033

-46

120

501

BM-19-034

-45

123

501

BM-19-035

-46

126

57

BM-19-036

-45

123

582

BM-19-037

-46

117

501

BM-19-038

-46

117

603

BM-19-039

-46

116

549

BM-19-040

-45

111

400

BCVN-19-001

-48

225

150

BCVN-19-002

-55

224

162

BCVN-19-003

-48

227

177

BCVN-19-004

-62

223

171

BCVN-19-005

-45

228

150

BCVN-19-006

-52

221

183

BCVN-19-007

-56

224

177

BCVN-19-008

-44

214

186

BCVN-19-009

-52

219

160

BCVN-19-010

-53

214

180

BCVN-19-011

-62

219

180

BCVN-19-012

-54

229

162

BCVN-19-013

-51

230

51

BCVN-19-014

-58

229

180

BCVN-19-015

-51

224

165

BCVN-19-016

-58

224

180

BCVN-19-017

-44

223

131

BCVN-19-018

-51

224

141

BCVN-19-019

-45

217

177

BCVN-19-020

-47

227

135

BCVN-19-021

-53

226

135

BCVN-19-022

-66

224

150

BCVN-19-023

-53

232

216

 

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

SOURCE Barkerville Gold Mines Ltd.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2019/17/c7077.html