Barrian Mining defines +1 km geophysical anomaly and identifies new high priority drill targets at the Bolo Gold Property
TSX VENTURE: BARI
VANCOUVER, May 24, 2019 /CNW/ - Barrian Mining Corp. ("Barrian" or the "Company") (TSX-V: BARI) (FSE: BM5) is pleased to announce that the recently completed induced-polarization (IP) and resistivity geophysical survey completed at the Bolo Gold Property ("Bolo") has identified multiple high-priority anomalies that warrant follow-up reverse circulation (RC) drill testing. The new anomalies and drill-indicated zones have provided a +1.1 kilometre strike length geophysical signature. These zones show potential to be inter-connected and display features of multiple sub-parallel zones along the Mine Fault Trend.
Max Sali, Chief Executive Officer stated, "We are very encouraged by the positive results of the recently completed geophysical survey. The results have exceeded our expectations and define multiple high priority resistivity anomalies that warrant immediate drill testing at depth below the South Mine Fault Zone, and along strike towards the Northern Extension Zone".
The IP/resistivity survey completed at Bolo comprised 10.2 line-km over 9 lines targeting the "Mine Fault" and other mineralized structures that host the Uncle Sam, South Mine Fault (SMF) and Northern Extension (NEX) mineralized zones. The survey extends 1,100 metres north to south, covering an area of approximately 135 hectares. The anomalous geophysical signatures have provided an essential tool for drill planning and positioning during the fully funded summer drill program. The program will include step-out and infill drilling to extend gold-silver mineralization across the 1.1 kilometre trend. All zones remain open in all directions and require drill testing.
Highlights of the IP/resistivity survey reveal the presence of a well-defined linear conductive anomaly coincident with previously RC drilled gold and silver mineralized zones and Mine Fault trend. The conductive anomaly ranges in width from 100-200 metres and extends vertically from between 250 metres and 400 metres depth, the limit of the geophysical inversion. The geophysical survey defines numerous high-priority drill targets at depth below the SMF Zone; over the 600 metre untested strike length between the SMF and Uncle Sam Prospect; and along the largely untested 500 metre strike length area between the SMF and NEX zones. In addition, a number of untested conductive anomalies occur with the prospective west-side footwall of the Mine Fault (Figure 1 Plan).
The SMF Zone, which returned RC drill intercepts of 3.24 grams-per-tonne (g/t) gold over 30.5 metres from a downhole depth of 44.2 metres, within a broader zone of mineralization averaging 1.28 g/t gold over 133 metres* from surface (Drill Hole BL-38), is coincident with an approximately 150 metre wide subvertical conductive anomaly that extends to a vertical depth of 250 metres, a distance of 100 metres below the deepest RC drill intercept (Figure 2 Section).
Plan Map (Figure 1)
The plan map provides anomalous geophysical signatures across multiple gold-silver drill indicated zones and shows areas for extension.
The Uncle Sam Prospect, which yielded high-grade silver plus gold channel rock chip samples including 3,146 g/t silver and 1.0 g/t gold over 2.6 metres, and 365 g/t silver and 1.9 g/t gold over 3.6 metres**, is associated with an approximately 100 metre wide conductive zone representing the Mine Fault. Modelled RC drill intercepts at Uncle Sam and South Mine Fault Zone, located 600 metres to the north and 200 metres vertically above, indicate the presence of a distinct silver mineralized zone offset approximately 200 metres to the west within the footwall of the main SMF gold zone.
From the SMF footwall conductive anomalies occur on successive lines northward to the NEX beneath massive dolomite cover rocks. Importantly, north of the SMF gold zone the geophysical results indicate previous RC holes often failed to drill across or did not adequately test the Mine Fault conductive anomaly.
Section Map (Figure 2)
The section map provides anomalous geophysical signatures across the South Mine Fault Zone.
* The true width of mineralization is estimated to be approximately 50% of drilled width.
** The true width of mineralization at Uncle Sam is unknown. For full descriptions of the Bolo Property mineralized intercepts see: Technical Report on the Bolo Property, Nye County, Nevada, USA effective date October 5, 2018 available at www.sedar.com
About Barrian Mining Corp.
Barrian Mining Corp is a new gold exploration company focused on acquiring and advancing precious metal projects in the United States. Barrian's flagship Bolo Project, located 90km northeast of Tonopah Nevada, hosts Carlin type gold mineralization and is fully permitted for upcoming exploration programs including drilling. Notable historical drill results include 1.28 g/t gold over 133 metres from surface. In addition, Barrian has an earn-in option to acquire 100% of the "Sleeper Project" which is located in the historic Mogollon epithermal silver-gold mining district of New Mexico. Barrian is run by a strong management and technical team consisting of capital market and mining professionals with the goal of maximizing value for shareholders through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions. Barrian trades on the TSXV under the ticker symbol "BARI", and on the German (Frankfurt) exchanges using the ticker symbol "BM5".
Geophysical Survey Details
The 2019 Bolo Gold Property IP/resistivity geophysical survey was completed by Las Vegas, NV based KLM Geoscience LLC, using a pole-dipole array and combination of 50 m and 100 m dipole "a" spacing. Line lengths ranged from 0.9 to 1.5 km line length. Line spacing ranged from 75 m in the SMF area to 300 m elsewhere.
The scientific and technical information contained in this news release as it relates to the Bolo Property has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a "Qualified Person" as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
On behalf of the Board of Directors
s/ "Max Sali"
Max Sali, Chief Executive Officer
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Forward Looking Information
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