Barkerville Gold Mines Ltd.
Barkerville Gold Mines Ltd. (TSXV: BGM) (the “Company” or “Barkerville”) is pleased to announce additional results from the ongoing 2017 Phase II Island Mountain exploration drilling program at the Company’s flagship Cariboo Gold Project. The Company is currently exploring and delineating Island Mountain with seven drill rigs and has now mobilized the eighth rig to the untested Tailings Zone which occurs in the valley between Cow and Island Mountains.
Island Mountain Delineation Drilling
Veining within the Shaft Zone continues to expand as demonstrated by drillhole IM-17-016 which intersected two wide zones averaging 5.62 g/t Au over 11.40 metres (including 9.70 g/t Au over 5.30 metres), and 12.27 g/t Au over 7.45 metres (including 19.13 g/t Au over 4.00 metres). These new intersections occur 145 metres vertically below surface and correlate along strike of the vein system that was defined by previously reported drillholes BGM-16-551 and BGM-16-517 which intersected 9.22 g/t Au over 2.85 metres and 9.26 g/t Au over 3.50 metres respectively. This new intersection is currently untested at depth and along vein strike into the footwall.
Proximal to the historical Mosquito Creek Mine, IM-17-019 intersected new veining grading 5.88 g/t Au over 8.35 metres at a vertical depth of 120 metres vertically below surface. “With this wide spaced drilling we are now starting to see several zones defined for further infill drilling” commented Chris Lodder, President and CEO of BGM. “The continued high grades of intercepts, proximity of mineralized zones to each other and the vertical nature of mineralized zones makes Island Mountain an exceptional exploration target”. To view detailed drilling results, a drill hole location plan map, level plan and long section visit www.barkervillegold.com.
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 1,164 square kilometres along a strike length of 60 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 ore milled producing 25,464 ounces of gold. The Company has completed a number of drilling and exploration programs over the past 20 years and is currently compiling this data with all historical information in order develop geologic models which will assist new management and provide the framework to continue to explore the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high-grade gold mineralization. For more information on Barkerville Gold Mines Ltd. contact Chris Lodder, President ↦ CEO, at firstname.lastname@example.org
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