Barkerville Gold Mines drills 30.98 g/t gold (0.90 oz/ton) over 6.8 metres

Barkerville Gold Mines Ltd. [BGM-TSXV; BGMZF-OTC; IWUB-FSE] has reported assay results from the Phase I drilling program on Cow Mountain at its Cariboo gold project (CGP) in east-central British Columbia. A drill hole location plan map and a longitudinal section are offered on the company’s website.

Drilling highlights:

 BGM-16-280: 12.51 g/t gold (0.36 oz/ton) over 9.70 metres, including 17.95 g/t (0.52 oz/ton) over 1.50 metres and 98.50 g/t (2.87 oz/ton) over 0.87 metres;

• BGM-16-298: 30.98 g/t gold (0.90 oz/ton) over 6.80 metres, including 52.94 g/t gold (1.54 oz/ton) over 3.60 metres, including 144.50 g/t (4.21 oz/ton) over 1.10 metres and 15.85 g/t (0.46 oz/ton) over 1.0 metre;
• BGM-16-307: 34.79 g/t gold (1.01 oz/ton) Au over 5.0 metres, including 113.00 g/t (3.30 oz/ton) over 1.10 metres and 42.60 g/t (1.24 oz/ ton) over 1.10 metres;
• BGM-16-315: 28.40 g/t gold (0.83 oz/ton) over 3.0 metres, including 70.10 g/t (2.04 oz/ton) over 1.20 metres;
• BGM-16-326: 31.67 g/t gold (0.92 oz/ton) over 2.90 metres, including 11.40 g/t (0.33 oz/ton) over 0.50 metres, including 112.50 g/t (3.28 oz/ton) over 0.70 metres;
• BGM-16-333: 10.62 g/t gold (0.31 oz/ton) over 9.30 metres, including 23.78 g/t (0.69 oz/ton) over 2.90 metres, including 42.40 g/t (1.24 oz/ton) over 1.0 metre and 29.70 g/t (0.87 oz/ton) Au over 0.70 metres;
• BGM-16-347: 119.69 g/t gold (3.49 oz/ton) over 2.55 metres, including 216.93 g/t (6.33 oz/ton) over 1.40 metres, including 317.00 g/t (9.25 oz/ton) over 0.90 metres;
• BGM-16-349: 21.41 g/t gold (0.62 oz/ton) over 5.90 metres, including 50.90 g/t (1.48 oz/ton) over 1.50 metres, including 71.10 g/t (2.07 oz/ton) over 0.70 metres;
• BGM-16-352: 28.45 g/t (0.83 oz/ton) over 5.0 metres, including 44.05 g/t (1.28 oz/ton) over 3.0 metres, including 43.50 g/t (1.27 oz/ton) over 1.50 metres and 44.60 g/t (1.30 oz/ton) over 1.50 metres;
• BGM-16-359: 22.84 g/t gold (0.67 oz/ton) over 8.05 metres, including 53.57 g/t (1.56 oz/ton) over 2.65 metres, including 66.20 g/t (1.93 oz/ton) over 1.45 metres and 38.30 g/t (1.12 oz/ton) over 1.20 metres.

Note: Reported core lengths represent 50-75% of true widths.

Phase I drilling

 The initial 30,000-metre (18,452 metres completed) Phase I drilling program on Cow Mountain was exclusively intended to upgrade areas of geological uncertainty and secondly to augment the geological model in areas that were entirely devoid of historical drilling. The Pinkerton, Sanders, Rainbow and No.1 zones have been drilled in the near surface by previous operators at a sufficient hole spacing as to demonstrate a high degree of geological confidence and as such were not the focus of this first drilling campaign. In total, 101 drill holes have been completed to date on approximately 50-metre centres throughout select areas of Cow Mountain.

New high-grade gold extension discovered

A previously undeveloped and unexplored area of gold-bearing quartz veins hosted between the Sanders and Rainbow zones at approximately 250 metres vertical depth below surface has been identified during the phase I program:

• BGM-15-325: 9.70 g/t gold (0.28 oz/ton) over 7.35 metres, including 28.50 g/t (0.83 oz/ton) over 0.50 metres and 9.60 g/t (0.28 oz/ton) over 0.50 metres and 44.60 g/t (1.30 oz/ton) over 1.0 metre;
• BGM-16-326: 31.67 g/t gold (0.92 oz/ton) over 2.90 metres, including 11.40 g/t (0.33 oz/ton) over 0.50 metres and 112.50 g/t (3.28 oz/ton) over 0.70 metres;
• BGM-16-340: 5.70 g/t gold (0.17 oz/ton) over 10 metres, including 12.70 g/t (0.37 oz/ton) over 3.40 metres and 30.30 g/t (0.88 oz/ton) over 0.50 metres and 18.50 g/t (0.54 oz/ton) over 0.50 metres and 14.70 g/t (0.43 oz/ton) over 0.50 metres;
• BGM-16-361: 6.46 g/t gold (0.19 oz/ton) over 12.70 metres, including 20.94 g/t (0.61 oz/ton) over 2.40 metres, including 20.20 g/t (0.59 oz/ton) over 0.70 metres and 47.50 g/t (1.39 oz/ton) Au over 0.70 metres.

Note: Reported core lengths represent 50-75% of true widths.

Drilling in this new extension has now defined a corridor of auriferous quartz veins with a strike length of approximately 140 metres and was targeted because of a scarcity of historical drilling in this location. These new mineralized vein sets are untested at depth and also along strike to the northwest and have only been drilled on widely spaced 50-metre centres.

With three drill rigs on Cow Mountain, the budgeted 30,000-metre Phase I campaign is continuing and preferentially concentrated on optimizing the continuity of gold mineralization in the near surface.

Chris Lodder, President, noted, “The results to date from the Phase I program that targeted areas that lacked any historical drill holes is very positive. Not only have we identified a new mineralized extension with high exploration potential that is untested at depth, but we have also added additional gold mineralization across the extents of Cow Mountain.”