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GIGA Metals

Barkerville Gold Mines: Island Mountain Drilling Intersects New Vein Corridors at Mosquito Creek Zone: 14.70 g/t Au Over 23.60 Meters and 17.31 g/t Au Over 7.90 Meters

  • Drill Results
  • Gold
  • British Columbia

TSX VENTURE: BGM
www.barkervillegold.com

Mr. Chris Lodder reports:

SHAFT ZONE HIGHLIGHTS INCLUDE 11.83 G/T OVER 17.50 METERS

TORONTO, Aug. 23, 2018 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling results from the 50,000-meter 2018 Island Mountain exploration and delineation program at the Company's flagship Cariboo Gold Project.   The infill drilling results continue to demonstrate continuity and expansion of modelled vein corridors at both Shaft Zone and Mosquito Creek Zone on Island Mountain.

Recent highlights include high-grade intersections at Mosquito Creek Zone hole IM-18-102 that assayed 14.70 g/t Au over 23.60 meters, at a vertical depth of 120 meters. This intercept is 10 meters down dip from hole IM-17-100 that assayed 24.13 g/t Au over 12.70 meters. Recent high-grade intercepts at Shaft Zone on Island Mountain include 3,780 g/t Au over 0.70-meter-wide sample in hole IM-18-108 and 11.83 g/t Au over 17.50 meters in hole IM-18-113. Detailed drilling results are presented in the table below. A drill hole location plan map and vertical section are presented at the end of this release. The Company's 3D  deposit model with assay highlights is located here. 

Selected Drilling Highlights:

  • IM-18-094: 17.31 g/t Au over 7.90 meters
  • IM-18-095: 11.33 g/t Au over 4.95 meters
  • IM-18-096: 24.02 g/t Au over 2.50 meters
  • IM-18-097: 42.64 g/t Au over 2.80 meters
  • IM-18-098: 48.79 g/t Au over 1.65 meters
  • IM-18-102: 14.70 g/t Au over 23.60 meters
  • IM-18-106: 19.91 g/t Au over 5.10meters
  • IM-18-106: 10.70 g/t Au over 15.95 meters
  • IM-18-108: 3,780 g/t Au over 0.70 meter
  • IM-18-112: 6.22 g/t Au over 10.30 meters
  • IM-18-113: 11.83 g/t Au over 17.50 meters
  • IM-18-115: 105 g/t Au over 0.50 meters
  • IM-18-118: 14.82 g/t Au over 6.75 meters
  • IM-18-118: 34.94 g/t Au over 4.30 meters
  • IM-18-120: 10.33 g/t Au over 5.55 meters

Potential to Expand Mosquito Creek Zone

The intervals noted above were intersected in holes from both Shaft Zone and Mosquito Creek Zone on Island Mountain. The holes were designed to infill and expand mineralized vein corridors down to depths of 500 meters. 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 600 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. A cross section of IM-18-102 is present below and identifies areas of vein mineralization wider than previously interpreted. The Mosquito Creek Zone is untested along strike to the north west.

The Company is currently exploring and delineating vein corridors with six drill rigs on Cow Mountain.

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 developing and delineating a mineable resource within the 7 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 developing and mining the Bonanza Ledge and BC Vein deposits on Barkerville Mountain.  This operation allows the company to generate near term cash flow, train a local work force, keeps the present mining permit active, and de-risk's the project through staged production growth.  Processing of material from these deposits is processed at the QR mill.  QR is a fully owned, permitted mill and tailings facility, located approximately 110 kilometres away from Wells, and can be accessed by an all-season road.

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 Island Mountain

HOLE ID

 

FROM

TO

CORE

LENGTH (M)

AU (G/T)

ZONE

IM-18-091

 

43.70

44.85

1.15

20.30

Shaft

   

57.35

58.10

0.75

24.20

 
   

78.85

79.90

1.05

5.04

 
   

95.90

96.40

0.50

8.44

 
   

98.00

99.30

1.30

8.85

 
   

161.00

161.50

0.50

18.30

 
   

171.75

172.60

0.85

9.14

 
   

215.50

216.50

1.00

5.42

 

IM-18-092

 

30.00

30.90

0.90

6.48

Shaft

IM-18-093

 

35.50

36.20

0.70

3.31

Mosquito Creek

   

75.00

75.85

0.85

1.30

 
   

107.00

108.65

1.65

4.92

 
   

112.75

113.35

0.60

7.87

 
   

143.85

144.35

0.50

4.53

 
   

155.30

156.00

0.70

4.52

 
   

161.25

162.25

1.00

4.37

 

IM-18-094

 

71.20

71.75

0.55

4.09

Mosquito Creek

   

77.05

78.20

1.15

13.35

 
   

99.00

100.10

1.10

13.75

 
   

101.05

103.35

2.30

3.48

 
   

145.95

153.85

7.90

17.31

 
 

Including

145.95

146.50

0.55

9.82

 
 

and

147.55

148.40

0.85

40.60

 
 

and

149.10

149.65

0.55

15.85

 
 

and

150.15

150.65

0.50

37.30

 
 

and

152.15

153.20

1.05

47.60

 
   

156.80

157.85

1.05

17.30

 
   

207.80

208.65

0.85

30.00

 

IM-18-095

 

67.50

68.95

1.45

13.10

Shaft

   

185.50

190.45

4.95

11.33

 
 

Including

186.40

187.30

0.90

8.83

 
 

and

187.30

188.20

0.90

32.90

 
 

and

189.50

190.45

0.95

13.75

 

IM-18-096

 

49.10

49.75

0.65

18.70

Shaft

   

53.50

54.00

0.50

4.54

 
   

107.25

111.35

4.10

5.34

 
 

Including

107.25

108.00

0.75

11.50

 
 

and

109.00

109.60

0.60

3.91

 
 

and

110.40

111.35

0.95

11.15

 
   

168.00

174.00

6.00

7.53

 
 

Including

168.00

169.00

1.00

8.77

 
 

and

169.00

170.50

1.50

11.10

 
 

and

173.40

174.00

0.60

27.30

 
   

195.20

197.70

2.50

24.02

 
 

Including

195.20

195.80

0.60

11.20

 
 

and

196.70

197.70

1.00

52.90

 

IM-18-097

 

12.95

15.75

2.80

42.64

Shaft

 

Including

14.45

15.75

1.30

87.10

 
   

103.50

104.00

0.50

21.70

 
   

115.30

116.10

0.80

23.90

 
   

119.65

120.15

0.50

4.66

 

IM-18-098

 

154.35

156.00

1.65

48.79

Shaft

 

Including

154.85

155.35

0.50

69.30

 
 

and

155.35

156.00

0.65

68.00

 

IM-18-099

 

24.00

25.00

1.00

4.75

Shaft

IM-18-100

 

138.60

139.20

0.60

13.25

Shaft

   

140.15

141.10

0.95

4.15

 
   

176.50

177.00

0.50

15.00

 
   

182.80

183.30

0.50

6.90

 

IM-18-101

 

130.20

130.80

0.60

5.59

Shaft

   

140.40

140.90

0.50

34.70

 
   

157.00

158.40

1.40

19.23

 
 

Including

157.60

158.40

0.80

31.30

 
   

177.85

179.35

1.50

14.95

 
   

232.50

233.00

0.50

14.80

 
   

264.65

270.70

6.05

5.40

 
 

Including

264.65

265.20

0.55

6.99

 
 

and

267.50

268.10

0.60

28.30

 
 

and

269.95

270.70

0.75

9.15

 
   

274.80

275.30

0.50

8.28

 

IM-18-102

 

95.00

95.50

0.50

20.10

Mosquito Creek

   

130.00

153.60

23.60

14.70

 
 

Including

131.50

132.60

1.10

93.30

 
 

and

135.10

135.80

0.70

29.40

 
 

and

139.50

140.00

0.50

10.50

 
 

and

141.00

141.50

0.50

14.40

 
 

and

142.30

142.80

0.50

40.60

 
 

and

142.80

143.90

1.10

105.50

 
 

and

145.00

145.50

0.50

12.35

 
 

and

150.15

150.80

0.65

13.05

 
 

and

153.10

153.60

0.50

37.20

 
   

171.75

172.60

0.85

35.40

 

IM-18-103

 

46.10

48.33

2.23

21.12

Shaft

 

Including

46.90

47.40

0.50

46.50

 
   

136.00

137.00

1.00

6.78

 
   

175.75

177.10

1.35

13.50

 

IM-18-104

 

57.95

58.80

0.85

20.80

Shaft

   

72.00

72.75

0.75

6.47

 
   

80.45

84.50

4.05

11.26

 
 

Including

83.00

84.50

1.50

27.00

 
   

225.80

229.50

3.70

5.97

 
 

Including

225.80

227.00

1.20

14.85

 

IM-18-105

 

31.50

32.35

0.85

24.80

Shaft

   

43.45

44.05

0.60

80.50

 
   

56.00

56.50

0.50

6.39

 
   

111.15

112.50

1.35

6.36

 
   

129.40

130.00

0.60

24.20

 
   

217.50

219.00

1.50

25.50

 

IM-18-106

 

34.00

39.10

5.10

19.91

Shaft

 

Including

34.00

34.50

0.50

9.27

 
 

and

36.00

37.00

1.00

13.40

 
 

and

38.40

39.10

0.70

117.50

 
   

49.50

50.00

0.50

55.70

 
   

118.40

120.00

1.60

19.20

 
 

Including

118.40

119.20

0.80

28.30

 
   

127.20

130.00

2.80

11.06

 
 

Including

127.20

127.80

0.60

27.40

 
 

and

129.50

130.00

0.50

22.70

 
   

132.10

132.60

0.50

10.40

 
   

142.00

143.00

1.00

4.47

 
   

148.90

152.75

3.85

10.15

 
 

Including

148.90

149.50

0.60

8.57

 
 

and

151.60

152.75

1.15

26.70

 
   

156.50

157.20

0.70

31.60

 
   

161.40

162.50

1.10

5.15

 
   

166.20

166.70

0.50

8.72

 
   

172.00

173.20

1.20

4.69

 
   

208.84

209.95

1.11

10.60

 
   

217.05

233.00

15.95

10.70

 
 

Including

217.05

218.00

0.95

5.02

 
 

and

228.85

229.40

0.55

14.35

 
 

and

229.40

230.10

0.70

18.45

 
 

and

230.10

231.00

0.90

112.00

 
 

and

232.00

233.00

1.00

9.93

 

IM-18-107

 

43.00

43.50

0.50

5.35

Shaft

   

134.75

135.70

0.95

6.38

 

IM-18-108

 

34.50

35.20

0.70

3780.00

Shaft

   

36.50

38.00

1.50

5.23

 
   

54.10

57.10

3.00

4.70

 

IM-18-109

 

135.00

135.50

0.50

4.91

Mosquito Creek

   

145.00

147.00

2.00

13.81

 
 

Including

145.00

146.35

1.35

18.30

 

IM-18-110

 

84.60

85.15

0.55

13.20

Shaft

IM-18-111

 

33.50

34.50

1.00

25.10

Shaft

   

106.30

107.00

0.70

23.40

 
   

109.50

110.00

0.50

4.57

 
   

120.80

122.00

1.20

13.05

 
   

126.45

127.65

1.20

8.86

 
   

175.00

175.70

0.70

5.39

 
   

190.10

190.70

0.60

18.75

 
   

230.00

230.60

0.60

17.50

 

IM-18-112

 

92.25

92.75

0.50

15.05

Shaft

   

138.00

139.50

1.50

8.03

 
   

145.60

146.65

1.05

40.80

 
   

153.40

154.10

0.70

4.53

 
   

172.20

182.50

10.30

6.22

 
 

Including

172.20

172.90

0.70

35.40

 
 

and

175.00

175.50

0.50

10.10

 
 

and

176.50

177.40

0.90

7.27

 
 

and

180.50

181.05

0.55

24.60

 
   

189.80

191.10

1.30

6.78

 
 

Including

189.80

190.60

0.80

8.78

 
   

202.65

205.00

2.35

9.25

 
 

Including

203.65

205.00

1.35

12.40

 
   

227.00

227.80

0.80

20.30

 
   

237.00

237.50

0.50

5.41

 
   

251.45

252.25

0.80

5.48

 
   

254.45

255.40

0.95

8.86

 

IM-18-113

 

261.20

278.70

17.50

11.83

Shaft

 

Including

261.20

261.80

0.60

25.70

 
 

and

266.45

267.00

0.55

64.40

 
 

and

267.00

267.80

0.80

20.40

 
 

and

269.05

269.70

0.65

14.25

 
 

and

272.25

273.45

1.20

41.10

 
 

and

275.10

276.00

0.90

24.50

 
 

and

276.70

277.20

0.50

20.10

 

IM-18-114

Hole Abandoned

     

Shaft

IM-18-115

 

36.00

36.60

0.60

91.50

Shaft

   

112.70

116.70

4.00

3.13

 
 

Including

112.70

113.30

0.60

8.33

 
   

213.75

214.25

0.50

105.00

 
   

386.30

386.85

0.55

37.50

 
   

402.50

405.15

2.65

4.31

 

IM-18-116

 

8.10

8.60

0.50

5.30

Shaft

IM-18-117

 

89.00

91.00

2.00

8.06

Shaft

 

Including

90.50

91.00

0.50

21.90

 
   

206.60

207.10

0.50

13.25

 
   

216.10

216.60

0.50

3.06

 
   

224.20

224.70

0.50

13.60

 
   

231.85

232.50

0.65

4.68

 
   

273.65

274.15

0.50

25.10

 

IM-18-118

 

68.90

69.75

0.85

4.78

Shaft

   

87.00

93.75

6.75

14.82

 
 

Including

88.30

89.30

1.00

73.70

 
 

and

93.00

93.75

0.75

11.30

 
   

142.55

144.00

1.45

14.99

 
 

Including

142.55

143.50

0.95

17.65

 
   

149.60

152.00

2.40

5.79

 
 

Including

151.35

152.00

0.65

13.65

 
   

153.95

158.25

4.30

34.94

 
 

Including

153.95

154.45

0.50

31.10

 
 

and

154.45

154.95

0.50

33.70

 
 

and

154.95

155.45

0.50

5.63

 
 

and

155.45

156.30

0.85

7.77

 
 

and

156.30

156.90

0.60

64.80

 
 

and

156.90

157.40

0.50

50.50

 
 

and

157.40

158.25

0.85

52.10

 

IM-18-119

No Significant Assays

     

Shaft

IM-18-120

 

190.45

196.00

5.55

10.33

Shaft

 

Including

190.45

191.00

0.55

8.72

 
 

and

191.00

192.00

1.00

10.45

 
 

and

192.00

193.00

1.00

10.45

 
 

and

193.00

193.70

0.70

5.08

 
 

and

193.70

194.20

0.50

17.65

 
 

and

194.20

194.70

0.50

6.31

 
 

and

194.70

195.20

0.50

19.40

 
 

and

195.20

196.00

0.80

8.02

 

IM-18-121

 

33.15

33.65

0.50

50.30

Mosquito Creek

   

34.80

35.35

0.55

93.30

 
   

164.60

165.20

0.60

6.90

 
   

238.25

238.90

0.65

14.10

 
   

245.15

247.75

2.60

9.41

 
 

Including

245.15

246.00

0.85

23.50

 
 

and

246.75

247.25

0.50

5.94

 

IM-18-122

 

117.50

118.20

0.70

2.92

Mosquito Creek

IM-18-123

No Significant Assays

     

Mosquito Creek

IM-18-124

No Significant Assays

     

Mosquito Creek

IM-18-125

 

113.60

115.05

1.45

8.58

Mosquito Creek

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.

Table 2: Drillhole Collar Orientations:

HOLE ID

AZIMUTH

DIP

IM-18-091

153

-53

IM-18-092

133

-63

IM-18-093

315

-50

IM-18-094

315

-55

IM-18-095

127

-68

IM-18-096

146

-61

IM-18-097

142

-55

IM-18-098

126

-52

IM-18-099

125

-45

IM-18-100

142

-50

IM-18-101

128

-50

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Modelled Vein Corridor ZonesModelled Vein Corridor Zones

Island Mountain Drilling Plan MapIsland Mountain Drilling Plan Map

Mosquito Creek Zone Vertical SectionMosquito Creek Zone Vertical Section

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Barkerville Gold Mines

ADD TO WATCH LIST
Last Trade: C$0.43
Daily Change: 0.01 2.38
Daily Volume: 330,550
Market Cap: C$201.870M
January 31, 2019
Barkerville Gold Announces Option and Restricted Share Unit Grants
January 23, 2019
Barkerville Gold Intersects 30.16 G/t Gold Over 2.80 Meters and 11.77 G/t Gold Over 5.00 Meters
January 17, 2019
Barkerville Gold Mines Defines Significant Exploration Potential and Provides Corporate Update and 2019 Catalysts
January 10, 2019
Barkerville Gold Intersects 9.85 g/t Gold Over 10.40 Meters and 8.96 g/t Gold Over 8.60 Meters
December 21, 2018
Barkerville Gold Mines Closes Second and Final Tranche of Previously-Announced Financing for Combined Gross Proceeds of $29.5 Million
December 18, 2018
Barkerville Gold Mines Completes $28.5 Million Financing Of Common Shares And Flow-Through Shares; Announces 2018 Corporate Updates
December 06, 2018
Barkerville Gold Mines Intersects 24.06 g/t Gold Over 6.45 Meters and Extends Vein Corridors at Depth
December 06, 2018
Barkerville Gold Mines Announces Amendment to Previously Announced Bought Deal Private Placement to Include Regular Flow-Through Tranche
November 26, 2018
Barkerville Gold Mines Announces C$25 Million "Bought Deal" Private Placement of Flow-Through and Common Shares
November 06, 2018
Barkerville Gold Mines: Cow Mountain Drilling Extends High Grade Gold Mineralization Down Dip to 400 Meters
October 30, 2018
Barkerville Gold Mines Announces Option Grants
October 25, 2018
Barkerville Gold Mines Announces Appointment of François Vézina as Chief Operating Officer
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Nexus Gold

Nexus Gold

Nexus Gold is building a portfolio of gold projects in Burkina Faso, West Africa that offer significant discovery potential. The Company controls a 178-square kilometer land package within the Boromo greenstone belt as part of its Niangouela concession, where recent phase one drilling intercepted 26.69 g/t gold over 4.85 meters (including 120.0 g/t gold over 1.0 meter) and 4.0 g/t gold over 6.2 meters. Rock chip sampling has reported assays as high as 2,950 g/t gold and phase two drilling is set to commence... VIEW PROFILE

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