Resource World Magazine

F E B R U A R Y / M A R C H 2 0 1 7 www.resourceworld.com 53 MINING Barkerville Gold drills 11.36 g/t gold over 12.36 metres; new gold zone discovered BARKERVILLE GOLD MINES LTD. [BGM-TSXV] has released additional results from the continuing phase I Island Mountain exploration drilling program at its flagship Cariboo gold project near the Town of Wells about 80 km east of Quesnel, east-central British Columbia. Under new management with new financings, the company is exploring its 1,164 km 2 land package in the historical Cariboo Mining District of central British Columbia, site of a major gold rush in 1861 that led to the development of a number of high- grade, underground, gold mines. The QR Project, 110 km by highway and all weather road from Wells, was acquired in 2010 and has a fully permitted, 900 tpd, gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March 2015 with 91,489 tonnes of ore milled producing 25,464 ounces of gold. The company has completed a number of drilling and exploration programs over the past 20 years and is compiling this data with historical infor - mation to develop geologic models. The objective of the current drill program is to delineate additional high-grade, gold mineralization. Three drill rigs are operating on Island Mountain, one of the areas of interest, with a fourth rig on Barkerville Mountain testing the 800-metre long KL Zone gold-in-soil anomaly. Highlights of the new drilling include: • 12.91 g/t gold over 2.50 metres in BGM-16-537 • 56.31 g/t gold over 4.10 metres in BGM-16-553 • 11.23 g/t gold over 2.84 metres in BGM-16-555 • 34.72 g/t gold over 2.75 metres in BGM-16-556 • 11.36 g/t gold over 12.36 metres in BGM-16-567 Reported core lengths represent 50-90% true widths. The ongoing 20,000-metre Phase I exploratory and strati - graphic drill program on Island Mountain is having continued success in discovering extensions to and defining new vein sys- tems that were historically never developed or explored, and has also outlined new occurrences of massive sulphide replacement bodies. At the Aurum and Mosquito Creek mines, past explora- tion and mining was primarily focused on the replacement-hosted gold as opposed to the veining due to the higher gold tenor and as such, the extents of the vein sets were never fully considered. A previously unknown body of massive pyrite replacement mineralization has been discovered 75 metres northwest of the Mosquito Creek Mine in drill hole BGM-16-553 which averaged 56.31 g/t gold over 4.10 metres. The intersection occurs only 85 metres vertically below surface and opens a new exploration target along strike towards the northwest. Gold grade continu - ity within this massive sulphide replacement mineralization is remarkably continuous. Approximately 40 metres down plunge of BGM-16-553, drill hole BGM-16-556 intersected additional replacement mineraliza- tion grading 34.72 g/t gold over 2.75 metres including 121.00 g/t gold over 0.60 metres. The northwestern extension to the mine stratigraphy was previously interpreted to be truncated at the Aurum Fault and, hence, mine development was not undertaken to explore for additional mineralization across this structure. Past operators only undertook widely spaced, shallow exploratory drilling in this area. This new mineralization remains untested down plunge and along strike. New auriferous quartz veining was intersected by BGM-16-567 grading 11.36 g/t gold over 12.36 metres including 34.23 g/t gold over 4.00 metres located 70 metres vertically below surface in an undeveloped and undrilled portion of the Aurum Mine. About 70 metres along strike to the southeast, BGM-16-564 also inter - sected additional high-grade veins averaging 41.73 g/t gold over 2.10 metres, including 88.90 g/t over 0.95 metres. These intersec- tions were further corroborated by drill hole BGM-16-537 which delineated numerous other vein sets including 12.91 g/t gold over 2.50 metres. Chris Lodder, President and CEO, said, "With this initial phase of drilling on Island Mountain now complete, our exploration team has developed a solid geologic understanding to guide drill - ing though the 2017 infill and exploration programs on Island Mountain." n w w w . Te r r a L o g i c E x p l o r a t i o n . c o m 7 7 8 . 5 2 0 . 2 0 0 0 Geochemical surveys | Geological mapping & prospecting Drill programs | Camp Construction & Management Data Management | Custom GIS solutions Cartography D R I V E N B Y D I S C O V E R Y

• Cover