Barrian Mining Corp. (TSX-V: BARI) (OTCQB: BARRF) (FSE: BM5) is pleased to report analytical results for from the first, 2019 hole drilled at the Uncle Sam Prospect from the recently completed 1,838 metre reverse circulation (RC) drilling program at its flagship Bolo Gold-Silver Project. Hole BL19-09 intersected high-grade silver, yielding 148 g/t silver (1.77 g/t gold equivalent2) over 4.6 metres within a broader zone of 74.9 g/t silver (0.90 g/t gold equivalent2) over 22.9 metres. The Uncle Sam Zone lies 500 metres south of the South Mine Fault Zone. A new 2019 rock grab sample collected between the zones yielded 3.63 g/t gold with 262 g/t silver in outcrop in an area with no prior sampling. The new drill hole and surface sample provides opportunity for continuity of mineralization along a 500 metre strike length within the 1.2 kilometre Bolo Trend.
Maximilian Sali, CEO and Co-Founder comments, “We are pleased to add another significant intercept that further expands the footprint of silver and gold mineralization. The 2019 drilling program has surpassed our expectations, drilling and surface sampling further reinforces our interpretation that the two zones are connected along strike. The high-grade silver at Uncle Sam Zone may be related to deep silver mineralization at the South Mine Fault Zone. The full strike potential at the Bolo Project has not yet been realized.”
These intercepts extend high grade silver mineralization at Uncle Sam approximately 50 to 75 metres vertically below surface channel rock chip samples, including 3,146 g/t silver and 1.0 g/t gold over 2.6 metres and 365 g/t silver and 1.9 g/t gold over 3.6 metres3; and 20 metres north along strike in the subsurface from previous drill hole BL-54, which intersected 94.3 g/t silver over 21.3 metres, including 251 g/t silver over 6.1 metres3. Hole BL19-09, drilled at the Uncle Sam Prospect, intersected high grade silver, yielding 148 g/t silver (1.77 g/t gold equivalent2) over 4.6 metres starting at 57.9 metres down hole, within a broader zone of 74.9 g/t silver (0.90 g/t gold equivalent2) over 22.9 metres starting at 41.2 metres down hole3 (Figure 1).
The Uncle Sam Prospect is located 500 metres south and 250 metres vertically below, the South Mine Fault Zone. Modelled RC drill intercepts indicate the presence of a distinct silver (+/- gold) mineralized zone offset approximately 100 to 150 metres west and up to 200 metres below surface within the footwall of the main South Mine Fault gold zone, suggesting the potential for continuity of gold-silver mineralization between Uncle Sam and South Mine Fault Zone. Combined historical and 2019 RC drilling demonstrates the presence of gold-silver mineralization over a 350 metre vertical extent. A new 2019 rock grab sample collected between the South Mine Fault Zone and Uncle Sam yielded 3.63 g/t gold with 262 g/t silver in outcrop. The presence of high-grade mineralization in outcrop between Uncle Sam and South Mine Fault Zone further supports the potential for continuity of mineralization between the zones.
|Table 1: 2019 Bolo Gold-Silver Project RC Drilling – Uncle Sam Zone Hole BL19-09|
|Down-dip extension of mineralization
from surface channel samples
|including||Extends high grade silver at Uncle
Sam 50-75 m below surface and 20 m
north along strike of previous drill
hole BL-54 in subsurface
|1||The true width of mineralization in most drill holes is estimated to be approximately 60-70% of drilled width|
|2||Gold equivalent values were calculated at an 83.5 to 1 gold to silver ration, and assuming metallurgical recoveries of 100%|
|3||The true width of mineralization at Uncle Sam is unknown|
Hole BL19-09 (-50° dip / 295 azimuth) was drilled at the Uncle Sam Prospect, targeting the down-dip extension of high grade silver in surface channel rock chip samples, including 3,146 g/t silver and 1.0 g/t gold over 2.6 metres and 365 g/t silver and 1.9 g/t gold over 3.6 metres2; and the strike extension of previous intercepts drilled by Allegiant Gold Ltd. from hole BL-54, comprising 94.3 g/t silver over 21.3 metres, including 251 g/t silver over 6.1 metres2. BL19-09 intersected significant silver mineralization 50 to 75 metres below surface and 20 metres north along strike from BL-54 within visibly altered (silicified and oxidized) and highly quartz (+/- carbonate) veined limestones and dolomites of the Ordovician Antelope Valley Limestone unit.
The drilled areas form part of a greater mineralized trend that extends for over 1.2 kilometres along strike. The 2019 Induced Polarization and Resistivity (IP/Res) ground geophysical program generated targets that correspond well with new results. The IP/Res anomalies indicate mineralized areas may extend to depth and along strike, providing additional growth potential across the Bolo Project area.
Methodology and QA/QC
The analytical work reported on herein was performed by ALS Global (ALS), Elko (sample preparation), Reno (gold fire assay) Nevada, and Vancouver (multi-element geochemistry) Canada. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory and is independent of the Barrian and the QP. RC drill samples were subject to crushing at a minimum of 70% passing 2 mm, followed by pulverizing of a 250 gram split to 85% passing 75 microns. Gold determination was via standard atomic absorption (AA) finish 30 gram fire-assay (FA) analysis, in addition to 48 element ICP-MS geochemistry. Barrian follows industry standard procedures for the work carried out on the Bolo Gold-Silver Project, with a quality assurance/quality control (QA/QC) program. Blank, duplicate and standard samples were inserted into the sample sequence sent to the laboratory for analysis. Barrian detected no significant QA/QC issues during review of the data. Barrian is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein.
About Barrian Mining Corp.
Barrian Mining Corp. is a new gold exploration company focused on acquiring and advancing precious metal projects in the United States. Barrian’s flagship Bolo Project, located 90 km northeast of Tonopah Nevada, hosts Carlin type gold mineralization and is fully funded and permitted for its current drill program. In addition, Barrian has an earn-in option to acquire 100% of the “Sleeper Project” which is located in the historic Mogollon epithermal silver-gold mining district of New Mexico. Barrian also has the option to acquire 100% of the Troy Canyon Project located in Nevada. Barrian is run by a strong management and technical team consisting of capital market and mining professionals with the goal of maximizing value for shareholders through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions. Barrian trades on the TSXV under the ticker symbol “BARI”, on the OTC markets under the symbol “BARRF” and on the German (Frankfurt) exchanges using the ticker symbol “BM5”.
The scientific and technical information contained in this news release as it relates to the Bolo Project has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB and a Director of Barrian, and Christopher Livingstone, P.Geo. (BC) Project Geologist of APEX Geoscience Ltd. of Edmonton, AB, both “Qualified Persons” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Raffle and Mr. Livingstone verified the data disclosed which includes a review of the analytical and test data underlying the information and opinions contained therein.
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