Barkerville Gold drills 39.05 g/t gold over 8.25 metres

Barkerville Gold Mines Ltd. [BGM-TSXV; BGMZF-OTC; IWUB-FSE] has released additional drilling results from the continuing 130,000-metre Phase 2 Island Mountain exploration drilling program at the company’s flagship 100%-owned Cariboo gold project in east-central British Columbia. The company is currently exploring and delineating the Valley Zone with four drill rigs. Detailed drilling results, a drill hole location plan map, level plan and longitudinal section are presented on the company’s website.

Drilling expands Shaft Zone mineralization to new depth

The deepest intersection to date in the shaft zone, drill hole IM-17-097 intersected a 60-metre-wide (core length) interval of sandstone hosted veining with subintervals grading 40.19 g/t gold over 3.10 metres, 39.05 g/t gold over 8.25 metres and 10.34 g/t gold over 4.50 metres at an average vertical depth of 480 metres below surface. No other drilling pierce points occur at this vertical level and as such this new corridor is open for expansion in all directions.

Veining at Aurum Deeps extended

Veining intersected at a vertical depth of 400 metres below surface in the footwall sandstones of the former Aurum mine has yielded 14.80 g/t gold over 11.30 metres in Phase 2 drill hole IM-17-091. This intersection is located at the same vertical depth as previously reported Phase 1 drill hole BGM-16-527 which intersected 10.34 g/t gold over 11.50 metres, 60 metres along vein strike to the southwest. Again, this vein system is open for expansion in all directions due to the scarcity of drilling in this area.

Natalie Cook, senior geologist, said, “The results from our recent drilling in the Aurum Deeps and Shaft Zone on Island Mountain confirms the confidence in our geological model. These newly highlighted zones are open at depth, which is encouraging for the potential of discovering additional mineralization along strike of the veins.”

The 130,000-metre 2017 Phase 2 exploratory and delineation drill program on Island Mountain is intended to determine the extent of the vein systems that were historically never explored, and is aimed at discovering new vein systems and sulphide replacement bodies that will ultimately inform a maiden resource at Island Mountain. Four drill rigs are currently delineating additional mineralization below the former Aurum and Cariboo gold quartz mines which have never been explored since mining operations ceased about 1960.

Filed in: Gold, Resources

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