HIGH-GRADE INTERCEPTS
INCLUDE 98.80 G/T GOLD OVER 0.80
METER 105 G/T GOLD OVER
0.50 METER
TORONTO, Jan. 23, 2019 /CNW/
- Barkerville Gold Mines
Ltd. (TSXV: BGM) (the "Company" or
"Barkerville") is pleased to announce the final drilling
results from the 2018 Cow Mountain exploration and category
conversion program at the Company's flagship Cariboo Gold Project.
A total of 63,970 meters were drilled in 231 holes on Cow Mountain
during the 2018 drill program and demonstrated continuity of
high-grade gold mineralization within vein corridors and extensions
down dip and down plunge.
Recent highlights from the Cow Mountain exploration and
delineation program include 12.26 g/t
Au over 7.60 meters in hole CM-18-206
including high-grade intercept of 97.8 g/t
Au over 0.80 meter, located 15 meters up dip
of hole CM-18-140 that intersected 37.87 g/t
Au over 4.75 meters. The Company is currently
working on an updated model to include the additional 231
holes.
Selected Drilling Highlights:
- CM-18-201: 30.16 g/t
Au over 2.8 meters
- CM-18-206: 12.26 g/t
Au over 7.60 meters including 97.8 g/t Au
over 0.80 meters
- CM-18-211: 105 g/t
Au over 0.50 meters
- CM-18-220: 7.24 g/t
Au over 5.50 meters
- CM-18-222: 11.77 g/t Au over 5.00
meters
- CM-18-222: 11.08 g/t
Au over 6.00 meters
- CM-18-227: 46.49 g/t
Au over 1.95 meters
- CM-18-231: 18.79 g/t
Au over 3.95 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.
A drill hole location plan map and section are presented below.
Detailed drilling results are presented at the end of this release.
The Cow Mountain 3D deposit model with assay highlights is located
on the Company's website:
Barkerville Gold Mines Ltd. 3D Deposit Model
The drill program at Cow Mountain was designed to infill and
expand high-grade gold-mineralized vein corridors modelled in the
May 2018 Cow Mountain resource
estimate. Vein corridors are defined as a
high-density network of mineralized quartz veins within the
sandstones. Mineralized quartz veins on the Cariboo
Gold Project are overall sub-vertical dip and northeast
strike. These corridors have been defined from surface to a
vertical depth of up to 300 meters and remain open for expansion at
depth and down plunge. Gold grades are intimately associated with
vein-hosted pyrite as well as pyritic, intensely silicified wall
rock haloes in close proximity to the veins.
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., and is overseen
by the Company's Qualified Person, Maggie
Layman, P.Geo, Vice President Exploration.
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 pemit underground mining on Cow and
Island Mountains.
Cautionary Statement on Forward-Looking
Information
Neither the TSX Venture Exchange ('TSXV') nor
its Regulation Services Provider (as that term is defined in the
policies of the TSXV) accepts responsibility for the adequacy or
accuracy of this release. No stock exchange, securities commission
or other regulatory authority has approved or disapproved the
information contained herein. This news release contains
forward-looking information which is not comprised of historical
facts. Forward-looking information involves risks, uncertainties
and other factors that could cause actual events, results,
performance, prospects and opportunities to differ materially from
those expressed or implied by such forward-looking information.
Forward looking information in this news release includes, but is
not limited to, the Company's objectives, goals or future plans,
statements regarding exploration results and exploration plans.
Factors that could cause actual results to differ materially from
such forward-looking information include, but are not limited to,
capital and operating costs varying significantly from estimates,
the preliminary nature of metallurgical test results, delays in
obtaining or failures to obtain required governmental,
environmental or other project approvals, uncertainties relating to
the availability and costs of financing needed in the future,
changes in equity markets, inflation, fluctuations in commodity
prices, delays in the development of projects and the other risks
involved in the mineral exploration and development industry, and
those risks set out in the Company's public documents filed on
SEDAR. Although the Company believes that the assumptions and
factors used in preparing the forward-looking information in this
news release are reasonable, undue reliance should not be placed on
such information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed time frames or at all. The Company disclaims any
intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, other than as required by law.
Table 1: Length Weighted Gold Composites from Cow
Mountain
|
|
|
|
|
|
HOLE
ID
|
|
FROM
|
TO
|
LENGTH
(M)
|
AU
(G/T)
|
CM-18-201
|
|
15.55
|
16.55
|
1.00
|
24.50
|
|
|
46.65
|
47.25
|
0.60
|
61.60
|
|
|
56.75
|
57.25
|
0.50
|
98.50
|
|
|
117.50
|
120.30
|
2.80
|
30.16
|
|
Including
|
117.50
|
118.85
|
1.35
|
7.18
|
|
And
|
119.40
|
120.30
|
0.90
|
83.00
|
|
|
127.50
|
128.15
|
0.65
|
5.56
|
|
|
188.20
|
188.75
|
0.55
|
34.30
|
CM-18-202
|
|
27.65
|
28.15
|
0.50
|
11.75
|
|
|
39.65
|
43.45
|
3.80
|
7.42
|
|
Including
|
39.65
|
40.15
|
0.50
|
12.25
|
|
And
|
40.15
|
40.65
|
0.50
|
22.50
|
|
And
|
42.65
|
43.45
|
0.80
|
8.91
|
|
|
48.55
|
49.05
|
0.50
|
44.90
|
|
|
64.10
|
69.00
|
4.90
|
5.80
|
|
Including
|
64.60
|
65.15
|
0.55
|
15.55
|
|
And
|
65.15
|
65.90
|
0.75
|
15.70
|
|
|
79.25
|
79.80
|
0.55
|
5.85
|
|
|
187.50
|
188.00
|
0.50
|
12.00
|
CM-18-203
|
|
109.50
|
110.00
|
0.50
|
14.50
|
|
|
161.80
|
162.80
|
1.00
|
16.95
|
|
|
212.70
|
214.25
|
1.55
|
4.82
|
|
Including
|
212.70
|
213.45
|
0.75
|
7.97
|
CM-18-204
|
|
42.00
|
42.80
|
0.80
|
3.76
|
CM-18-205
|
|
203.00
|
203.50
|
0.50
|
6.67
|
|
|
225.50
|
226.00
|
0.50
|
3.62
|
CM-18-206
|
|
69.95
|
70.45
|
0.50
|
4.23
|
|
|
77.50
|
78.00
|
0.50
|
8.77
|
|
|
214.00
|
221.60
|
7.60
|
12.26
|
|
Including
|
214.00
|
214.50
|
0.50
|
5.72
|
|
And
|
215.70
|
216.55
|
0.85
|
5.44
|
|
And
|
217.80
|
218.30
|
0.50
|
10.05
|
|
And
|
220.80
|
221.60
|
0.80
|
97.80
|
|
|
240.00
|
240.50
|
0.50
|
4.07
|
CM-18-207
|
|
62.65
|
63.25
|
0.60
|
11.50
|
|
|
92.65
|
94.30
|
1.65
|
24.11
|
|
Including
|
92.65
|
93.25
|
0.60
|
58.30
|
CM-18-208
|
|
74.10
|
75.70
|
1.60
|
4.47
|
|
Including
|
75.20
|
75.70
|
0.50
|
11.10
|
|
|
101.15
|
101.75
|
0.60
|
5.68
|
CM-18-209
|
|
126.10
|
127.00
|
0.90
|
9.35
|
|
|
152.70
|
154.00
|
1.30
|
3.78
|
|
|
176.00
|
176.70
|
0.70
|
14.05
|
CM-18-210
|
|
33.70
|
34.75
|
1.05
|
3.62
|
|
|
88.00
|
90.35
|
2.35
|
7.68
|
|
Including
|
88.00
|
88.50
|
0.50
|
16.50
|
|
And
|
89.65
|
90.35
|
0.70
|
13.55
|
|
|
112.25
|
115.65
|
3.40
|
5.55
|
|
Including
|
112.25
|
112.90
|
0.65
|
17.05
|
CM-18-211
|
|
47.25
|
50.60
|
3.35
|
16.97
|
|
Including
|
47.25
|
47.75
|
0.50
|
11.85
|
|
And
|
47.75
|
48.35
|
0.60
|
67.30
|
|
And
|
50.10
|
50.60
|
0.50
|
20.80
|
|
|
56.30
|
56.85
|
0.55
|
6.68
|
|
|
59.70
|
60.20
|
0.50
|
14.40
|
|
|
69.20
|
69.70
|
0.50
|
5.09
|
|
|
119.80
|
120.30
|
0.50
|
105.00
|
|
|
139.40
|
140.30
|
0.90
|
7.89
|
|
|
146.05
|
148.05
|
2.00
|
14.39
|
|
Including
|
146.90
|
147.55
|
0.65
|
43.30
|
|
|
165.20
|
166.35
|
1.15
|
9.99
|
|
|
276.40
|
276.90
|
0.50
|
7.91
|
CM-18-212
|
|
51.80
|
52.30
|
0.50
|
35.10
|
CM-18-213
|
|
121.00
|
126.20
|
5.20
|
6.08
|
|
Including
|
124.25
|
124.75
|
0.50
|
58.50
|
|
|
134.70
|
136.00
|
1.30
|
5.03
|
CM-18-214
|
|
82.25
|
82.75
|
0.50
|
18.80
|
|
|
211.80
|
215.35
|
3.55
|
7.18
|
|
Including
|
211.80
|
212.30
|
0.50
|
9.56
|
|
And
|
212.30
|
213.00
|
0.70
|
14.40
|
|
And
|
213.00
|
213.80
|
0.80
|
9.35
|
CM-18-215
|
|
17.30
|
18.00
|
0.70
|
56.10
|
|
|
91.05
|
92.20
|
1.15
|
7.76
|
|
|
94.20
|
94.90
|
0.70
|
7.13
|
|
|
109.85
|
110.70
|
0.85
|
9.10
|
CM-18-216
|
|
22.80
|
25.70
|
2.90
|
5.88
|
|
Including
|
22.80
|
23.45
|
0.65
|
12.05
|
|
And
|
25.00
|
25.70
|
0.70
|
12.80
|
|
|
43.75
|
46.95
|
3.20
|
5.36
|
|
Including
|
43.75
|
44.25
|
0.50
|
16.50
|
|
And
|
46.00
|
46.95
|
0.95
|
9.21
|
|
|
64.30
|
64.80
|
0.50
|
4.29
|
|
|
71.30
|
71.95
|
0.65
|
4.29
|
|
|
76.90
|
77.60
|
0.70
|
4.52
|
|
|
90.60
|
92.50
|
1.90
|
6.97
|
|
Including
|
90.60
|
91.50
|
0.90
|
11.65
|
|
|
109.50
|
110.15
|
0.65
|
15.55
|
|
|
114.95
|
116.50
|
1.55
|
9.87
|
|
Including
|
114.95
|
115.55
|
0.60
|
17.80
|
|
And
|
116.00
|
116.50
|
0.50
|
7.82
|
|
|
135.90
|
136.50
|
0.60
|
8.48
|
|
|
159.10
|
159.70
|
0.60
|
5.00
|
CM-18-217
|
|
15.00
|
16.10
|
1.10
|
9.99
|
|
|
43.00
|
44.50
|
1.50
|
20.70
|
|
|
119.65
|
120.15
|
0.50
|
4.03
|
|
|
261.90
|
262.45
|
0.55
|
7.53
|
|
|
290.85
|
291.40
|
0.55
|
12.95
|
|
|
316.20
|
316.85
|
0.65
|
8.74
|
|
|
347.65
|
349.35
|
1.70
|
8.45
|
CM-18-218
|
|
51.15
|
51.85
|
0.70
|
8.48
|
|
|
76.70
|
78.30
|
1.60
|
5.04
|
|
Including
|
76.70
|
77.20
|
0.50
|
11.75
|
CM-18-219
|
No Significant
Assays
|
|
|
|
CM-18-220
|
|
17.50
|
18.90
|
1.40
|
13.75
|
|
|
82.70
|
83.50
|
0.80
|
10.25
|
|
|
87.00
|
92.50
|
5.50
|
7.24
|
|
Including
|
87.00
|
88.10
|
1.10
|
26.20
|
|
And
|
91.00
|
92.50
|
1.50
|
5.28
|
CM-18-221
|
|
18.90
|
19.70
|
0.80
|
4.60
|
|
|
67.35
|
68.60
|
1.25
|
11.55
|
CM-18-222
|
|
29.00
|
34.00
|
5.00
|
11.77
|
|
Including
|
29.00
|
30.00
|
1.00
|
50.20
|
|
And
|
33.50
|
34.00
|
0.50
|
11.10
|
|
|
90.40
|
96.40
|
6.00
|
11.08
|
|
Including
|
90.40
|
91.20
|
0.80
|
12.50
|
|
And
|
95.70
|
96.40
|
0.70
|
77.30
|
CM-18-223
|
No Significant
Assays
|
|
|
|
CM-18-224
|
|
22.40
|
23.00
|
0.60
|
5.37
|
|
|
76.50
|
77.00
|
0.50
|
15.90
|
|
|
83.70
|
84.70
|
1.00
|
4.74
|
|
|
87.40
|
88.30
|
0.90
|
21.10
|
CM-18-225
|
No Significant
Assays
|
|
|
|
CM-18-226
|
|
34.15
|
35.15
|
1.00
|
29.10
|
|
|
93.15
|
94.10
|
0.95
|
10.65
|
|
|
110.00
|
111.10
|
1.10
|
4.58
|
CM-18-227
|
|
40.10
|
42.05
|
1.95
|
46.49
|
|
Including
|
40.10
|
40.90
|
0.80
|
65.60
|
|
And
|
41.40
|
42.05
|
0.65
|
58.70
|
CM-18-228
|
|
78.20
|
78.80
|
0.60
|
10.90
|
|
|
143.80
|
144.90
|
1.10
|
6.27
|
|
|
147.50
|
148.00
|
0.50
|
5.78
|
|
|
208.50
|
209.00
|
0.50
|
4.91
|
CM-18-229
|
|
126.00
|
126.70
|
0.70
|
23.30
|
|
|
136.80
|
140.90
|
4.10
|
6.63
|
|
Including
|
139.40
|
140.90
|
1.50
|
15.90
|
|
|
147.00
|
149.60
|
2.60
|
5.82
|
|
Including
|
148.15
|
149.00
|
0.85
|
11.75
|
|
|
154.50
|
155.85
|
1.35
|
6.69
|
CM-18-230
|
|
104.95
|
105.50
|
0.55
|
27.90
|
|
|
150.90
|
151.70
|
0.80
|
14.90
|
|
|
212.65
|
213.50
|
0.85
|
36.50
|
|
|
221.30
|
225.00
|
3.70
|
6.35
|
|
Including
|
221.30
|
222.00
|
0.70
|
4.12
|
|
And
|
223.90
|
225.00
|
1.10
|
18.40
|
CM-18-231
|
|
30.30
|
31.00
|
0.70
|
6.66
|
|
|
47.10
|
49.50
|
2.40
|
13.80
|
|
Including
|
47.10
|
47.60
|
0.50
|
22.90
|
|
And
|
49.00
|
49.50
|
0.50
|
35.70
|
|
|
61.75
|
65.70
|
3.95
|
18.79
|
|
Including
|
64.90
|
65.70
|
0.80
|
89.20
|
|
|
84.25
|
84.80
|
0.55
|
34.10
|
|
|
169.50
|
170.20
|
0.70
|
6.63
|
|
|
277.00
|
277.50
|
0.50
|
7.37
|
Table 2: Drillhole Collar
Orientations:
HOLE
ID
|
AZIMUTH
|
DIP
|
CM-18-201
|
309
|
-49
|
CM-18-202
|
142
|
-46
|
CM-18-203
|
141
|
-65
|
CM-18-204
|
140
|
-45
|
CM-18-205
|
310
|
-45
|
CM-18-206
|
139
|
-45
|
CM-18-207
|
140
|
-60
|
CM-18-208
|
136
|
-59
|
CM-18-209
|
310
|
-60
|
CM-18-210
|
296
|
-45
|
CM-18-211
|
142
|
-53
|
CM-18-212
|
139
|
-50
|
CM-18-213
|
131
|
-56
|
CM-18-214
|
155
|
-52
|
CM-18-215
|
289
|
-58
|
CM-18-216
|
130
|
-60
|
CM-18-217
|
136
|
-50
|
CM-18-218
|
289
|
-45
|
CM-18-219
|
116
|
-45
|
CM-18-220
|
290
|
-65
|
CM-18-221
|
304
|
-44
|
CM-18-222
|
140
|
-63
|
CM-18-223
|
113
|
-54
|
CM-18-224
|
300
|
-51
|
CM-18-225
|
140
|
-49
|
CM-18-226
|
145
|
-55
|
CM-18-227
|
139
|
-54
|
CM-18-228
|
146
|
-61
|
CM-18-229
|
120
|
-52
|
CM-18-230
|
139
|
-60
|
CM-18-231
|
150
|
-50
|
SOURCE Barkerville Gold Mines Ltd.