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Barrian Mining Intersects 85 Metres of 1.01 g/t Gold Oxide Including a Higher Grade Section of 32 Metres of 2.01 g/t Gold Oxide on its First Drill Hole Reported from Bolo

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Barrian Mining Intersects 85 Metres of 1.01 g/t Gold Oxide Including a Higher Grade Section of 32 Metres of 2.01 g/t Gold Oxide on its First Drill Hole Reported from Bolo

 

 

 

 

 

Barrian Mining Corp. (TSX-V: BARI) (OTCQB: BARRF) (FSE: BM5) is pleased to report initial results from the recently completed 1,838 metre reverse circulation drilling program at its flagship Bolo Gold-Silver Project, located in Nye County, Nevada, USA. The Company has received full gold fire and multi-element analytical results from ALS Global for hole BL19-02, which was drilled to a total depth of 253 metres.

 

Hole BL19-02 intersected 32.0 metres of 2.01 grams-per-tonne (g/t) gold starting at 67 metres down hole, within a broader zone of mineralization averaging 1.01 g/t gold over 85 metres starting at 49 metres down hole1. These results extend the footprint of gold mineralization approximately 60 metres vertically below the previous drilling on section (Figure 1).

 

Maximilian Sali, CEO and Co-Founder comments, “We are very pleased with the first assays back from the Bolo drill program. The discovery of significant gold mineralization, open at depth below previous drilling, provides a compelling exploration target and validates the Company’s exploration strategy at Bolo. We believe the grade-interval product returned from BL19-02 represents and exceptional result in comparison with other 2019 publicly reported Nevada drill intercepts. We look forward to receiving further results over the coming week.”

 

Brad Telfer, Director and Co-Founder comments, “We created Barrian with a goal of finding top quality assets and have a tremendous team that can work together and deliver value for shareholders and these first results have demonstrated this ability.”

 

Hole BL19-02 (-65° dip / 270 azimuth) was drilled in the South Mine Fault Zone (SMFZ) targeting the down-dip extension of previous intercepts drilled by Columbus Gold from hole BL-38, comprising 3.24 g/t gold over 30.5 metres starting at 44 metres1. Hole BL19-02 intersected Carlin-style gold mineralization approximately 60 metres vertically below BL-38, in visibly altered (silicified and oxidized – limonite ± jarosite/hematite) siltstones, jasperoids and cherty limestones within hanging wall Cambrian Windfall Formation and footwall Silurian Roberts Mountain Formation dolomite. Mineralization remains open at depth below BL19-02. Anomalous pathfinder element (arsenic and antimony) values from the ALS Global multi-element analysis correspond well with gold mineralization in BL19-02, and are very similar to arsenic and antimony concentrations identified by x-ray fluorescence (XRF) analysis in the field.

 

Barrian anticipates additional drill results over the coming weeks. The remaining unreported drill holes intersected significant mineralized intersections that will provide potential to expand the South Mine Fault Zone and Uncle Sam Zone. The drilled areas form part of a greater mineralized trend that extends for over 1.2 kilometres along strike. The 2019 Induced Polarization (IP) ground geophysical program generated targets that correspond well with new results. The IP anomalies indicate mineralized areas may extend to depth and along strike, providing additional growth potential across the Bolo Project area.

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1 The true width of mineralization is estimated to be approximately 60-70% of drilled width.

 

 

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”.

 

Qualified Person

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, a Director of Barrian and a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.  Mr. Raffle verified the data disclosed which includes a review of the analytical and test data underlying the information and opinions contained therein.

 


Figure 1: Bolo Gold Silver Project BL19-02 Drill Section (Showing Resistivity) (CNW Group/Barrian Mining Corp.)

 

Posted October 21, 2019

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