Barkerville Gold reported high grade gold results form further drilling at Cariboo.
The glory hole was 9 metres by 13.21 gpt AU.
Barkerville drills nine m of 13.21 g/t Au at Cariboo
2015-11-23 11:14 ET – News Release
Mr. Tom Obradovich reports
BGM INTERSECTS HIGH GRADE GOLD AT NEW DEPTHS IN BC VEIN PHASE I DRILLING PROGRAM
Barkerville Gold Mines{TSX.V: BGM} has released additional results from the continuing phase I drilling program on Barkerville Mountain at the company’s flagship Cariboo gold project.
The results of these drill holes are presented in the table. A drill hole location plan map is available on the company’s website.
Drilling highlights:
- BGM-15-087: 23.47 grams per tonne (0.68 ounce per ton) gold over three metres, including 47.40 g/t (1.38 ounces per ton) Au over 1.20 metres;
- BGM-15-089: 12.37 g/t (0.36 ounce per ton) Au over three metres, including 27.17 g/t (0.79 ounce per ton) Au over one metre;
- BGM-15-090: 13.21 g/t (0.39 ounce per ton) Au over nine metres, including 18.32 g/t (0.53 ounce per ton) Au over 4.80 metres, including 62.38 g/t (1.82 ounces per ton) Au over one metre;
- BGM-15-092: 17.00 g/t (0.50 ounce per ton) Au over 4.45 metres, including 31.44 g/t (0.92 ounce per ton) Au over 2.30 metres, including 51.87 g/t (1.51 ounces per ton) Au over 1.30 metres;
- BGM-15-096: 10.17 g/t (0.30 ounce per ton) Au over five metres, including 21.85 g/t (0.64 ounce per ton) Au over two metres;
- BGM-15-097: 5.27 g/t (0.15 ounce per ton) Au over 18.00 metres, including 13.37 g/t (0.39 ounce per ton) Au over 5.70 metres, including 24.86 g/t (0.73 ounce per ton) Au over one metre;
- BGM-15-102: 22.48 g/t (0.66 ounce per ton) Au over 2.50 metres, including 51.16 g/t (1.49 ounce per ton) Au over one metre;
- BGM-15-109: 11.23 g/t (0.33 ounce per ton) Au over 4.05 metres, including 23.51 g/t (0.69 ounce per ton) Au over 1.85 metres, including 34.80 g/t (1.02 ounce per ton) Au over 0.75 metre;
- -BGM-15-109: 8.99 g/t (0.26 ounce per ton) Au over 2.80 metres, including 10.70 g/t (0.31 ounce per ton) Au over 1.10 metres and 14.50 g/t (0.42 ounce per ton) Au over 0.80 metre;
- BGM-15-110: 10.03 g/t (0.29 ounce per ton) Au over five metres, including 13.60 g/t (0.40 ounce per ton) Au over one metre and 19.30 g/t (0.56 ounce per ton) Au over one metre.
“This discovery gives us confidence in our focused and disciplined exploration program, and also our decision to potentially restart production at the Bonanza Ledge mine. Additional drilling in this area will focus on confirming the newly outlined mineralisation and defining the boundaries of the zones. These new high-grade drill intercepts provide strong evidence that the B.C. vein mineralisation continues at depths greater than 400 metres,” said Tom Obradovich, president and chief executive officer.
Discussion of results
Having successfully completed the first tier (surface to minus-150 metres vertical depth), of widely spread out, 50-metre-spaced drill holes along the 1,400-metre known strike of the BCV structure, the company is now systematically testing at depth priority areas of this high-grade vein system with aggressive 100-metre drill hole spacings in an effort to define the outer limits of this large and laterally continuous mineralized system. Drill holes BGM-15-109 (8.99 g/t (0.26 ounce per ton) Au over 2.80 metres, including 10.70 g/t (0.31 ounce per ton) Au over 1.10 metres and 14.50 g/t (0.42 ounce per ton) Au over 0.80 metres) and BGM-15-110 (10.03 g/t (0.29 ounce per ton) Au over five metres, including 13.60 g/t (0.40 ounce per ton) Au over one metre and 19.30 g/t (0.56 ounce per ton) Au over one metre) have intersected the BCV at vertical depths of minus-350 and minus-400 metres vertically below surface and now represent the deepest intersections ever recorded on the BCV structure. Although somewhat shallower at only minus-170 metres below surface, BGM-15-089 intersected 12.37 g/t (0.36 ounce per ton) Au over three metres, including 27.17 g/t (0.79 ounce per ton) Au over one metre in the BCV and represents a possible extension of the gold mineralization encountered in a historical drill hole BC-00-33, which graded 22.74 g/t Au (0.66 ounce per ton) Au over 4.11 metres 80 metres along strike to the southeast and immediately below the Bonanza Ledge open pit. The area between these two drill holes has never been drill tested and remains open to depth.
Hangingwall veins continue to be intersected above the BCV as per drill hole BGM-15-078 which intersected 8.94 g/t (0.26 ounce per ton) Au over 4.35 metres, including 13.38 g/t (0.39 ounce per ton) Au over 2.75 metres and 25.00 g/t (0.73 ounce per ton) Au over 0.75 metre.
Additionally, as part of the exploratory drill testing of auriferous soil anomalies on Barkerville Mountain, two new occurrences have been discovered by drill holes BGM-15-102 (22.48 g/t (0.66 ounce per ton) Au over 2.50 metres, including 51.16 g/t (1.49 ounce per ton) Au over one metre) and BGM-15-109 (11.23 g/t (0.33 ounce per ton) Au over 4.05 metres, including 23.51 g/t (0.69 ounce per ton) Au over 1.85 metres, including 34.80 g/t (1.02 ounce per ton) Au over 0.75 metre) occurring at minus-10 and minus-180 metres vertically below surface, respectively. These two new occurrences remain untested in all directions and will be followed up with additional drilling in first quarter 2016.
Qualified persons
Exploration activities at the Cariboo gold project are jointly administered on-site by the company’s project managers, Maggie Layman, PGeo, and Wanda Carter, PGeo. As per National Instrument 43-101, Paul Geddes, PGeo, vice-president, exploration, is the qualified person for the company, and has prepared, validated and approved the technical content of this news release. The company strictly adheres to Canadian Institute of Mining, Metallurgy and Petroleum best practices 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, B.C. 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 QA/QC program was designed and approved by Lynda Bloom, PGeo, of Analytical Solutions Ltd., and is overseen by Paul Geddes, PGeo, vice-president, exploration.
Drill core samples are submitted to SGS Canada’s analytical facility in Burnaby, B.C., for preparation and analysis. The SGS 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 1,000 grams is pulverized. Analysis for gold is by 50-gram fire assay fusion with atomic absorption (AAS) finish with a lower limit of five parts per billion and upper limit of 10,000 ppb. Samples with gold assays greater than 10,000 ppb are reanalyzed using 50 g fire assay with gravimetric finish, as well as 1,000 g screen metallic fire assay. Samples are also analyzed using a 49-multielemental geochemical package by a four-acid digestion, followed by inductively coupled plasma-atomic emission spectroscopy (ICP-AES) and inductively coupled plasma-mass spectroscopy (ICP-MS).
CARIBOO DRILL RESULTS
Hole From To Core length Au Au
(m) (m) (m) (g/t) (oz/t)
BGM-15-078 52.25 56.60 4.35 8.94 0.26
incl. 52.25 55.00 2.75 13.38 0.39
incl. 52.25 53.00 0.75 25.00 0.73
and 53.00 54.00 1.00 12.50 0.36
BGM-15-078 179.78 180.80 1.02 8.30 0.24
BGM-15-079 111.50 122.00 10.50 5.44 0.16
incl. 119.00 122.00 3.00 11.39 0.33
incl. 119.00 120.50 1.50 17.40 0.51
BGM-15-080 138.50 139.30 0.80 1.71 0.05
BGM-15-080 145.00 148.00 3.00 1.38 0.04
BGM-15-081 171.00 173.90 2.90 3.47 0.10
BGM-15-082 23.77 28.90 5.13 9.05 0.26
incl. 24.70 25.55 0.85 13.57 0.40
and 26.50 27.50 1.00 12.16 0.35
and 27.50 28.90 1.40 10.59 0.31
BGM-15-083 NSA
BGM-15-084 NSA
BGM-15-085 93.00 95.00 2.00 1.84 0.05
BGM-15-086 NSA
BGM-15-087 113.00 122.00 9.00 8.79 0.26
incl. 113.00 116.00 3.00 23.47 0.68
incl. 113.00 113.50 0.50 9.16 0.27
and 113.50 114.70 1.20 47.40 1.38
BGM-15-088 146.00 150.25 4.25 5.56 0.16
BGM-15-089 176.00 179.00 3.00 12.37 0.36
incl. 176.00 177.00 1.00 9.39 0.27
and 178.00 179.00 1.00 27.17 0.79
BGM-15-090 47.30 48.15 0.85 8.00 0.23
BGM-15-090 86.50 90.00 3.50 6.48 0.19
incl. 86.50 87.70 1.20 13.04 0.38
incl. 86.50 87.00 0.50 18.80 0.55
and 87.00 87.70 0.70 8.92 0.26
BGM-15-090 117.00 126.00 9.00 13.21 0.39
incl. 118.00 119.00 1.00 9.35 0.27
and 119.00 119.55 0.55 26.50 0.77
and 121.20 126.00 4.80 18.32 0.53
incl. 124.00 125.00 1.00 62.38 1.82
and 125.00 126.00 1.00 11.48 0.33
BGM-15-091 134.25 135.30 1.05 3.36 0.10
BGM-15-092 44.00 45.35 1.35 5.20 0.15
BGM-15-092 76.56 77.95 1.39 3.02 0.09
BGM-15-092 93.54 94.50 0.96 3.57 0.10
BGM-15-092 138.00 139.50 1.50 3.44 0.10
BGM-15-092 172.25 176.70 4.45 17.00 0.50
incl. 173.40 175.70 2.30 31.44 0.92
incl. 174.40 175.70 1.30 51.87 1.51
BGM-15-093 105.20 107.00 1.80 1.64 0.05
BGM-15-094 NSA
BGM-15-095 NSA
BGM-15-096 20.35 22.50 2.15 3.87 0.11
BGM-15-096 90.50 92.00 1.50 1.80 0.05
BGM-15-096 97.50 98.60 1.10 3.54 0.10
BGM-15-096 103.50 108.50 5.00 10.17 0.30
incl. 103.50 105.50 2.00 21.85 0.64
incl. 103.50 104.50 1.00 20.30 0.59
and 104.50 105.50 1.00 23.40 0.68
BGM-15-097 86.00 87.00 1.00 9.42 0.27
BGM-15-097 125.50 143.50 18.00 5.27 0.15
incl. 125.50 131.20 5.70 13.37 0.39
incl. 125.50 126.50 1.00 24.86 0.73
and 127.50 128.50 1.00 12.63 0.37
and 129.50 130.50 1.00 15.25 0.44
BGM-15-098 41.50 42.60 1.10 6.72 0.20
BGM-15-098 164.60 165.90 1.30 7.18 0.21
BGM-15-098 168.90 171.10 2.20 7.27 0.21
BGM-15-099 92.00 94.00 2.00 5.39 0.16
BGM-15-099 110.40 111.90 1.50 6.36 0.19
BGM-15-100 NSA
BGM-15-101 114.00 114.50 0.50 1.57 0.05
BGM-15-102 16.50 19.00 2.50 22.48 0.66
BGM-15-102 18.00 19.00 1.00 51.16 1.49
BGM-15-102 163.50 164.00 0.50 3.32 0.10
BGM-15-103 NSA
BGM-15-104 57.00 57.70 0.70 2.27 0.07
BGM-15-105 65.00 66.85 1.85 3.57 0.10
BGM-15-106 NSA
BGM-15-107 320.00 321.30 1.30 1.11 0.03
BGM-15-108 Assays pending
BGM-15-109 215.45 219.50 4.05 11.23 0.33
incl. 215.45 217.30 1.85 23.51 0.69
incl. 215.45 216.05 0.60 28.50 0.83
and 216.55 217.30 0.75 34.80 1.02
BGM-15-109 404.50 414.70 10.20 3.56 0.10
incl. 411.90 414.70 2.80 8.99 0.26
incl. 412.80 413.90 1.10 10.70 0.31
and 413.90 414.70 0.80 14.50 0.42
BGM-15-110 442.50 447.50 5.00 10.03 0.29
incl. 442.50 443.50 1.00 13.60 0.40
and 443.50 444.50 1.00 19.30 0.56
and 446.50 447.50 1.00 10.20 0.30
We seek Safe Harbor.