Welcome To The Barkerville Gold Mines HUB On AGORACOM

Trench Sampling at Cariboo Goldfields Returns 30 Feet of 26.8 g/T Gold in Trench 1 and 9 Feet of 97.4 g/T Gold in Trench 2

Free
Message: TSXV-Listed Barkerville Gold Mines Intersects 14.03 g/t Au Over 10.55 Metres at Shaft Zone - Shares Fall 2.3%

TSXV-Listed Barkerville Gold Mines Intersects 14.03 g/t Au Over 10.55 Metres at Shaft Zone - Shares Fall 2.3%

posted on Aug 29, 2017 01:42PM
   
2017-08-29 11:49:11 AM ET (MT Newswires)
   
   

11:49 AM EDT08/29/2017 (MT Newswires) -- Barkerville Gold Mines Ltd. (BGM.V) announced that additional drilling results from the ongoing 130,000 metre Phase II Island Mountain exploration drilling program at the Company's flagship Cariboo Gold Project have confirmed short range continuity of the vein systems and expanded a veining corridor at depth in the Shaft Zone.

The Company is currently exploring and delineating the Valley and Shaft Zones with eight drill rigs, while a ninth drill rig is testing a broad gold in soil anomaly on Barkerville Mountain. Drill ten is currently expanding the known mineralization on the BC Vein.

Drillhole IM-17-132 has extended the shallow footwall extents of the vein-hosting sandstone package through the intersection of new veining grading 48.07 g/t Au over 4.10 metres at a vertical depth of 90 metres below surface. This new intersection represents the up-dip extension of mineralization intersected by previously reported Phase II drillhole IM-17-101.This footwall portion of the Shaft Zone is sparsely drilled and is open for expansion in all directions.

Averaging 14.03 g/t Au over 10.55 metres at a vertical depth of 150 metres in the Shaft Zone, Phase II infill drillhole IM-17-128 intersected new veining in an area that was formerly believed to be closed off by Phase I drilling. At an average vertical depth of 410 metres below surface, infill drillhole IM-17-130 intersected three veining corridors grading 12.39 g/t Au over 8.85 metres, 6.54 g/t Au over 8.50 metres followed by 10.38 g/t over 9.50 metres. These new occurrences are situated 20 metres southwest along vein strike of previously reported drillhole IM-17-104 which intersected 11.93 g/t Au over 7.15 metres. The lack of drilling below these intersections allows for downdip expansion.

Barkerville's shares were recently down 2.3% at $0.860 apiece.

Price: 0.860, Change: -0.020, Percent Change: -2.3

Share
New Message
Please login to post a reply