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BGM Expands Mineralization on Barkerville Mountain

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Barkerville Gold Mines Ltd. (TSX-V: BGM) is pleased to announce the new drilling results from its ongoing Barkerville Mountain exploration program at the Company’s flagship Cariboo Gold Project in central British Columbia.

 

New results from recent holes of the ongoing Phase 1 exploratory drill program on Barkerville Mountain identified new vein corridors and anomalous intersections on the KL Zone including 6.25 g/t Au over 5.15 meters in drillhole BM-19-022 and 49.63 g/t Au over 2.35 meters on BM-19-025 including a sample that assayed 145 g/t Au over 0.80 meters. The apparent strike length of this system is 1.5 kilometers, outlined from the recent drill results and the Company’s detailed lithological and structural mapping programs conducted over the last two years.

 

In addition to the recent drilling on the KL Zone, a total of 3,700 meters were drilled in 23 holes to further delineate the BC Vein deposit. Mineralized vein corridors are intersected in the hanging wall of the BC Vein within the sandstone unit and include intercepts of 10.21 g/t Au over 3.30 meters in BCVN-19-004 and 21.91 g/t Au over 7.85 meters in BCVN-19-015 including a sample of 275 g/t Au over 0.60 meters. These vein composites are described as extensional (EXT) or Axial Planar (AXPL) in the table below to differentiate from the BC Vein deposit.

 

BGM is currently exploring on Barkerville Mountain with three diamond drill rigs to continue testing for vein corridors analogous to Cow and Island Mountain in the hanging wall (north east) of the BC Vein and to continue to delineate and expand the high-grade vein mineralization on Barkerville Mountain KL Zone. A total of 40,000 meters of drilling is planned for Barkerville Mountain this year.

 

Select Drilling Highlights for Vein Corridors:

 

  • BM-19-022: 6.25 g/t Au over 5.15 meters
  • BM-19-022: 27.1 g/t Au over 0.50 meters
  • BM-19-024: 32.4 g/t Au over 0.75 meters
  • BM-19-025: 49.63 g/t Au over 2.35 meters including 145 g/t Au over 0.80 meters
  • BM-19-030: 6.71 g/t Au over 3.05 meters including 26.3 g/t Au over 0.55 meters
  • BM-19-033: 6.77 g/t Au over 3.50 meters
  • BM-19-034: 43.6 g/t Au over 0.50 meters
  • BM-19-036: 10.08 g/t Au over 2.70 meters
  • BCVN-19-004:10.21 g/t Au over 3.30 meters
  • BCVN-19-015: 21.91 g/t Au over 7.85 meters including 275 g/t Au over 0.60 meters
  • BCVN-19-016: 5.72 g/t Au over 3.70 meters

 

True widths are estimated to be 50 to 75% of reported core length intervals. Intervals not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays.

 

Select assay highlights from 2019 are presented on the map below. A complete table of assay highlights for BM-19-015 to BM-19-039 and BCVN-19-001 to BCVN-19-023 is present below. The drillhole location and assay highlights are located on the Company’s website:

 

Barkerville Gold Mines Ltd. 3D Deposit Model 

 

Mineralized vein corridors on the Cariboo Gold Project are overall sub-vertical dip and northeast strike.  Vein corridors are defined as a high-density network of mineralized quartz veins within the F3 fold axis local to the sandstone horizons.  Gold grades are intimately associated with vein-hosted pyrite, and intensely silicified wall rock haloes in close proximity to the vein corridors.

 

Fault-fill breccia veins such as that of the BC Vein are subparallel to foliation and hosted in carbonaceous mudstone. This vein is continuous along strike for 1.4 km and is bound on the hanging wall by carbonaceous mudstone, siltstone and interbedded sandstone and on the footwall by calcareous siltstone. The vein dips moderately at 65° to the northeast. Mineralization within the fault-filled breccia vein consists of fine disseminated pyrite in rehealed breccia matrix.

 

Qualified Persons

 

Exploration activities at the Cariboo Gold Project are administered on site by the Company’s Project Geologists, Kyle Orr and Felipe Castaneda. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, P.Geo. Vice President Exploration, is the Qualified Person for the Company and has prepared, validated and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration activities on the Cariboo Gold Project.

 

Quality Assurance – Quality Control

 

Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged.  The remaining drill core is subsequently stored on site at the Company’s secure facility in Wells, BC.  Numbered security tags are applied to lab shipments for chain of custody requirements.  The Company inserts quality control (QC) samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QAQC program was designed and approved by Lynda Bloom, P.Geo. of Analytical Solutions Ltd.

 

Drill core samples are submitted to ALS Geochemistry’s analytical facility in North Vancouver, British Columbia for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed, and 250 grams is pulverized. Analysis for gold is by 50g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 ppm and upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are re-analyzed using a 1,000g screen metallic fire assay. A selected number of samples are also analyzed using a 48 multi-elemental geochemical package by a 4-acid digestion, followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) and Inductively Coupled Plasma Mass Spectroscopy (ICP-MS). 

 

About Barkerville Gold Mines Ltd.

 

The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville’s Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company’s Brownfield’s exploration team is focused on upgrading and expanding the May 2018 43-101 compliant resource within the 8 kilometers of principle project area located near the town of Wells, British Columbia.  The Company’s Greenfield’s team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration.  The operation’s team is focused on completing required studies in order to permit underground mining on Cow and Island Mountains.

 

Table 1: Length Weighted Gold Composites for Barkerville Mountain KL Zone Holes

 

HOLE ID   DEPTH
FROM
(M)
DEPTH
TO (M)
LENGTH
(M)
AU (G/T)
BM-19-015   299.05 300.10 1.05 4.05
  Including 299.05 299.60 0.55 6.92
    333.00 333.50 0.50 3.07
    360.35 360.90 0.55 9.77
    370.30 370.80 0.50 3.14
    393.10 393.65 0.55 10.05
    398.85 399.40 0.55 3.91
    405.60 406.25 0.65 8.08
    440.00 440.50 0.50 6.66
    446.05 448.30 2.25 5.17
BM-19-016   58.80 59.30 0.50 3.03
    64.80 65.30 0.50 6.54
    115.00 115.50 0.50 7.72
    204.80 208.05 3.25 3.05
  Including 204.80 205.30 0.50 7.14
  and 207.30 208.05 0.75 7.18
    557.50 558.00 0.50 5.61
BM-19-017 No Significant Assays      
BM-19-018   153.90 156.65 2.75 4.56
  Including 154.90 155.40 0.50 9.53
    632.20 632.70 0.50 9.41
BM-19-019   5.70 6.50 0.80 10.80
    14.35 15.00 0.65 9.50
    21.00 21.50 0.50 9.87
    46.50 47.90 1.40 3.09
  Including 47.30 47.90 0.60 5.75
    107.00 107.50 0.50 5.12
    165.55 166.05 0.50 4.34
    232.70 233.40 0.70 3.99
    247.00 247.50 0.50 18.55
    264.55 265.40 0.85 5.42
    267.00 268.00 1.00 4.45
    350.00 350.55 0.55 6.95
BM-19-020   129.85 131.20 1.35 5.58
  Including 130.65 131.20 0.55 12.80
    152.75 155.50 2.75 4.37
  Including 155.00 155.50 0.50 19.35
    159.30 159.90 0.60 4.62
    163.50 164.00 0.50 4.13
    166.10 166.60 0.50 9.06
    170.35 170.85 0.50 4.44
    172.80 175.20 2.40 3.52
  Including 172.80 173.40 0.60 4.39
  and 174.70 175.20 0.50 11.55
    213.20 213.85 0.65 8.20
    223.15 223.80 0.65 4.23
    284.80 285.30 0.50 10.65
    295.05 296.05 1.00 3.92
    310.45 310.95 0.50 4.11
    314.90 316.00 1.10 5.96
    515.30 516.00 0.70 7.51
BM-19-021 No Significant Assays      
BM-19-022   32.00 33.10 1.10 4.67
    52.00 53.50 1.50 4.37
    69.00 74.15 5.15 6.25
    109.30 110.10 0.80 6.32
    166.50 167.00 0.50 4.92
    203.00 205.00 2.00 7.73
  Including 203.00 203.50 0.50 27.10
    219.05 219.65 0.60 12.40
    292.70 296.00 3.30 3.91
  Including 292.70 293.25 0.55 20.40
BM-19-023 Hole Abandoned      
BM-19-024   207.70 209.50 1.80 14.48
  Including 208.20 208.95 0.75 32.40
    221.50 223.50 2.00 4.26
  Including 222.00 222.50 0.50 13.05
    296.50 297.00 0.50 3.71
    323.30 323.85 0.55 15.80
    419.90 420.40 0.50 3.71
    446.90 447.45 0.55 5.85
    484.40 484.90 0.50 8.01
BM-19-025   47.95 48.55 0.60 3.78
    72.15 72.95 0.80 5.33
    80.85 81.35 0.50 4.84
    85.70 86.20 0.50 8.99
    97.25 97.75 0.50 3.51
    122.45 124.80 2.35 49.63
  Including 124.00 124.80 0.80 145.00
    133.50 134.00 0.50 4.31
BM-19-026   130.00 130.50 0.50 6.52
    174.15 179.05 4.90 3.57
  Including 174.15 175.00 0.85 14.90
  and 178.50 179.05 0.55 7.64
    225.00 225.50 0.50 7.28
    293.00 293.70 0.70 3.10
    308.50 309.00 0.50 15.15
    401.50 410.10 8.60 3.84
  Including 402.00 403.50 1.50 7.99
  and 409.20 410.10 0.90 21.30
BM-19-027   195.10 195.85 0.75 3.28
    239.50 240.00 0.50 3.65
    332.00 332.50 0.50 3.33
    421.35 421.85 0.50 5.27
BM-19-028   19.50 20.00 0.50 4.33
BM-19-029   123.30 123.80 0.50 4.55
    212.90 213.50 0.60 4.62
    414.00 414.70 0.70 4.71
    422.35 422.85 0.50 9.66
    463.65 464.25 0.60 5.47
BM-19-030   168.50 171.55 3.05 6.71
  Including 168.50 169.00 0.50 11.85
  and 171.00 171.55 0.55 26.30
BM-19-031   169.40 169.90 0.50 4.30
BM-19-032   36.50 37.10 0.60 10.55
    44.70 45.20 0.50 3.77
    93.00 97.50 4.50 4.90
  Including 93.00 93.50 0.50 36.10
    120.90 122.40 1.50 4.85
    215.40 216.40 1.00 4.70
    233.50 234.00 0.50 27.70
    336.70 337.30 0.60 4.35
    375.20 375.70 0.50 7.15
    414.55 417.65 3.10 2.74
  Including 414.55 415.15 0.60 6.84
    437.50 438.00 0.50 4.70
BM-19-033   62.80 63.40 0.60 6.80
    138.10 138.80 0.70 7.78
    140.85 144.35 3.50 6.77
  Including 140.85 141.85 1.00 16.75
  and 143.80 144.35 0.55 12.15
    146.15 146.65 0.50 3.50
    147.50 148.00 0.50 4.30
    154.60 156.50 1.90 3.87
BM-19-034   35.15 36.05 0.90 3.88
    158.05 158.55 0.50 43.60
    183.00 183.70 0.70 4.69
    255.30 256.10 0.80 12.75
    416.50 417.05 0.55 4.16
BM-19-035   55.00 55.50 0.50 6.04
BM-19-036   50.00 50.50 0.50 4.07
    68.10 70.80 2.70 10.08
  Including 68.10 69.00 0.90 12.65
  and 70.15 70.80 0.65 24.20
    78.25 78.75 0.50 7.19
    163.50 164.00 0.50 3.49
    345.80 346.30 0.50 3.61
BM-19-037   14.30 14.80 0.50 6.57
    270.00 273.10 3.10 4.02
    435.40 436.00 0.60 14.60
BM-19-038   135.50 136.75 1.25 5.93
    138.50 139.00 0.50 3.58
    296.55 297.25 0.70 17.00
    426.00 426.60 0.60 4.69
    597.00 597.50 0.50 3.69
BM-19-039   157.30 159.50 2.20 3.63
  Including 158.85 159.50 0.65 10.35
    182.55 183.45 0.90 3.97
    225.75 226.25 0.50 10.40
    279.80 280.70 0.90 5.07
    294.40 295.75 1.35 16.24
  Including 295.15 295.75 0.60 34.20

 

 

Table 2: Length Weighted Gold Composites for BC Vein Holes

 

HOLE ID   DEPTH
FROM (M)
DEPTH
TO (M)
LENGTH
(M)
AU (G/T) VEIN TYPE
BCVN-19-001   22.75 23.25 0.50 5.44 EXT
    36.90 37.40 0.50 4.26 EXT
    101.75 102.50 0.75 11.10 BCVN
    114.85 120.10 5.25 8.75 BCVN
  Including 115.50 116.00 0.50 11.65  
  and 117.50 118.00 0.50 14.85  
  and 118.50 119.00 0.50 17.45  
  and 119.50 120.10 0.60 17.55  
BCVN-19-002   101.00 101.75 0.75 8.61 EXT
    102.90 103.40 0.50 4.96 EXT
    107.00 107.65 0.65 8.94 BCVN
    114.75 115.30 0.55 26.30 BCVN
    117.30 118.30 1.00 7.15 BCVN
    128.95 129.70 0.75 4.13 BCVN
    136.50 137.20 0.70 4.73 BCVN
BCVN-19-003   77.00 77.50 0.50 13.70 EXT
    113.00 113.50 0.50 5.43 EXT
    127.20 153.00 25.80 5.11 BCVN
  Including 127.20 128.70 1.50 20.20  
  and 129.70 130.20 0.50 46.50  
  and 135.00 136.00 1.00 25.40  
  and 147.30 147.80 0.50 12.45  
  and 147.80 148.30 0.50 23.90  
BCVN-19-004   59.50 60.00 0.50 5.24 AXPL
    108.90 112.20 3.30 10.21 AXPL
  Including 108.90 109.40 0.50 10.40  
    111.15 112.20 1.05 23.70 AXPL
    118.70 119.20 0.50 7.10 BCVN
    126.00 126.50 0.50 3.24 BCVN
    129.35 130.10 0.75 5.08 BCVN
BCVN-19-005   29.65 30.15 0.50 4.42 EXT
    78.65 79.40 0.75 5.71 EXT
    98.90 106.60 7.70 8.91 BCVN
  Including 99.40 99.90 0.50 8.05  
  and 100.40 101.00 0.60 25.60  
  and 104.00 104.80 0.80 44.20  
BCVN-19-006   71.00 73.00 2.00 4.94 EXT
  Including 71.00 71.60 0.60 12.00  
  and 72.50 73.00 0.50 5.18  
    139.00 151.00 12.00 6.29 BCVN
BCVN-19-007   28.15 28.65 0.50 4.63 EXT
    108.00 115.00 7.00 12.83 BCVN
  Including 109.50 110.15 0.65 40.30  
  and 110.15 111.00 0.85 58.10  
  and 111.00 112.30 1.30 10.00  
BCVN-19-008   116.50 117.00 0.50 3.87 AXPL
    125.60 149.00 23.40 9.90 BCVN
  Including 125.60 126.60 1.00 52.70  
  and 128.00 129.50 1.50 16.15  
  and 130.00 131.00 1.00 32.40  
  and 131.00 132.00 1.00 27.40  
  and 135.00 136.00 1.00 36.50  
  and 137.50 138.00 0.50 37.50  
BCVN-19-009   27.35 28.15 0.80 4.72 EXT
    93.00 93.50 0.50 6.96 AXPL
    100.30 106.50 6.20 8.35 BCVN
  Including 103.00 104.00 1.00 29.80  
  and 104.00 104.70 0.70 12.90  
  and 104.70 105.25 0.55 13.05  
    137.50 138.00 0.50 6.59 BCVN
BCVN-19-010   74.40 75.05 0.65 4.13 AXPL
    140.80 142.00 1.20 6.76 BCVN
    147.00 148.40 1.40 3.48 BCVN
BCVN-19-011   31.00 32.35 1.35 4.04 AXPL
    97.00 98.00 1.00 7.12 AXPL
    120.00 124.50 4.50 4.57 BCVN
  Including 121.65 122.25 0.60 21.10 BCVN
BCVN-19-012   21.10 22.45 1.35 4.57 AXPL
    142.70 150.00 7.30 9.87 BCVN
  Including 145.40 146.50 1.10 53.80  
  and 147.20 148.50 1.30 7.80  
BCVN-19-013 Hole Abandoned        
BCVN-19-014   78.85 80.00 1.15 8.76 EXT
    135.50 138.00 2.50 7.33 EXT
  Including 135.50 136.00 0.50 27.60  
    140.50 143.25 2.75 6.97 BCVN
  Including 142.50 143.25 0.75 23.00  
BCVN-19-015   75.15 83.00 7.85 21.91 AXPL
  Including 76.10 76.70 0.60 275.00  
    99.70 101.50 1.80 3.31 AXPL
  Including 99.70 100.20 0.50 10.35  
    113.90 114.40 0.50 3.25 AXPL
    126.40 130.30 3.90 3.85 BCVN
    138.05 138.80 0.75 36.60 BCVN
BCVN-19-016   83.15 86.85 3.70 5.72 EXT
  Including 83.15 83.65 0.50 6.69  
  and 86.35 86.85 0.50 35.20  
    102.90 104.10 1.20 5.57 AXPL
    129.00 129.60 0.60 3.94 AXPL
    140.50 146.20 5.70 4.84 BCVN
BCVN-19-017   44.25 45.00 0.75 9.38 EXT
    97.20 105.80 8.60 22.43 BCVN
  Including 97.80 99.00 1.20 30.30  
  and 99.00 100.20 1.20 60.70  
  and 100.20 101.00 0.80 34.90  
  and 101.00 102.00 1.00 37.30  
BCVN-19-018   99.90 106.25 6.35 12.07 BCVN
  Including 104.10 104.75 0.65 27.20  
  and 104.75 105.65 0.90 40.20  
  and 105.65 106.25 0.60 25.40  
BCVN-19-019   49.75 50.25 0.50 6.47 EXT
    80.35 81.00 0.65 3.60 EXT
    90.85 91.60 0.75 3.28 EXT
BCVN-19-020   102.50 106.05 3.55 12.46 BCVN
  Including 102.50 104.00 1.50 7.91  
  and 105.00 106.05 1.05 29.50  
BCVN-19-021   103.00 103.90 0.90 7.27 BCVN
BCVN-19-022   95.50 96.25 0.75 3.38 EXT
    113.50 118.10 4.60 6.70 BCVN
  Including 114.85 116.10 1.25 23.40  
BCVN-19-023   106.70 107.50 0.80 3.12 EXT
    172.00 175.50 3.50 7.14 BCVN
  Including 174.00 174.50 0.50 10.40  

 

 

Table 2: Drillhole Collar Orientations:

 

 

HOLE ID DIP AZIMUTH DEPTH (M)
BM-19-015 -44 120 495
BM-19-016 -46 124 588
BM-19-017 -46 123 318
BM-19-018 -44 119 651
BM-19-019 -45 118 633
BM-19-020 -46 119 693
BM-19-021 -47 124 300
BM-19-022 -45 123 566
BM-19-023 -45 116 50
BM-19-024 -45 124 648
BM-19-025 -46 118 555
BM-19-026 -45 121 501
BM-19-027 -44 120 501
BM-19-028 -45 119 510
BM-19-029 -43 118 525
BM-19-030 -45 123 522
BM-19-031 -46 125 501
BM-19-032 -44 119 564
BM-19-033 -46 120 501
BM-19-034 -45 123 501
BM-19-035 -46 126 57
BM-19-036 -45 123 582
BM-19-037 -46 117 501
BM-19-038 -46 117 603
BM-19-039 -46 116 549
BM-19-040 -45 111 400
BCVN-19-001 -48 225 150
BCVN-19-002 -55 224 162
BCVN-19-003 -48 227 177
BCVN-19-004 -62 223 171
BCVN-19-005 -45 228 150
BCVN-19-006 -52 221 183
BCVN-19-007 -56 224 177
BCVN-19-008 -44 214 186
BCVN-19-009 -52 219 160
BCVN-19-010 -53 214 180
BCVN-19-011 -62 219 180
BCVN-19-012 -54 229 162
BCVN-19-013 -51 230 51
BCVN-19-014 -58 229 180
BCVN-19-015 -51 224 165
BCVN-19-016 -58 224 180
BCVN-19-017 -44 223 131
BCVN-19-018 -51 224 141
BCVN-19-019 -45 217 177
BCVN-19-020 -47 227 135
BCVN-19-021 -53 226 135
BCVN-19-022 -66 224 150
BCVN-19-023 -53 232 216

 

Deposit Zones, Cariboo Gold Project (CNW Group/Barkerville Gold Mines Ltd.)

 

Barkerville Mountain Drilling, Cariboo Gold Project (CNW Group/Barkerville Gold Mines Ltd.)

 

Posted July 17, 2019

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