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Barkerville Gold Mines Ltd. (TSXV:BGM) announced Phase I drill results from an ongoing program at its Cariboo gold project.
Barkerville Gold Mines Ltd. (TSXV:BGM) announced Phase I drill results from an ongoing program at its Cariboo gold project. So far, the company has identified a new exploration target and increased its understanding of the BC vein and the TC area mineralization.
As quoted in the press release:
Holes BGM-15-005 through BGM-15-007 were designed to explore the footwall rocks below the BC Vein (“BCV”), an area which had its geometry and gold grades validated during the Company’s first drill results (see BGM News Release dated July 28, 2015), for the presence of Bonanza Ledge (“BL”) style replacement mineralization. Holes BGM-15-008 through BGM-15-013 tested a mineralized occurrence (TC Area) located approximately 100 metres north of the Bonanza Ledge open pit. Table 1 (below), presents the results from these drillholes which totaled 1,524 metres.
Drill highlights include:
- 20.58 g/t (0.60 oz/t) Au over 3.90 metres, including 59.36 g/t (1.73 oz/t) Au over 0.90 metres
- 18.04 g/t (0.53 oz/t) Au over 3.35 metres, including 37.78 g/t (1.10 oz/t) Au over 1.55 metres
- 14.69 g/t (0.43 oz/t) Au over 6.00 metres, including 103.97 g/t (3.03 oz/t) Au over 0.65 metres
- 10.32 g/t (0.30 oz/t) Au over 9.60 metres, including 57.96 g/t (1.69 oz/t) Au over 0.90 metres
- 10.90 g/t (0.24 oz/t) Au over 8.13 metres, including 46.93 g/t (1.37 oz/t) Au over 0.90 metres
Tom Obradovich, president and CEO of Barkerville, said:
We are encouraged by these most recent results from our ongoing program. In addition to finding mineralization in each of the holes, we gained valuable information about the style and extent of that mineralization. This data will be extremely valuable in establishing a geological model for the property and, ultimately, a development strategy.
Click here to read the full Barkerville Gold Mines Ltd. (TSXV:BGM) press release.