Communicators
are winners!
News
31.03.2010
Barkerville Gold Initiates Drill Program at Grouse Creek
Barkerville Gold Initiates Drill Program at Grouse Creek
Vancouver, BC -- Barkerville Gold Mines Ltd. ("Barkerville", the “Company”) reports that it has received government approval to begin a drill program in the Grouse Creek area at its Cariboo Gold Project. The Company is immediately initiating the 3,000-meter diamond drill program with a budget of $500,000 from the recently closed $13.6 financing. The Grouse Creek area runs approximately 7 kilometers long and is South East of Barkerville Mountain, immediately adjacent to the Bonanza Ledge Zone. Grouse Creek is directly on trend with the past producing, Cariboo Hudson Gold, Cariboo Gold Quartz, Island Mountain Gold, Mosquito Creek Gold and Hard Scrabble Tungsten/Gold Mines as well as the Bonanza Ledge Gold deposit, all within a contiguous, 60 kilometer geological gold belt owned by the Company.
The approved permits for Grouse Creek allow for 46 drill pads, 6.7 km of exploration roads and 25 test pits. The drill program is targeting both replacement and quartz vein styles of gold mineralization discovered during previous exploration seasons. Some highlights of previous sampling results are:
Quartz vein rock samples collected in 2008 from the eastern portion of the upper Grouse Creek property are as follows:
• 313 g/T gold from sample #13694
• 232 g/T gold from sample #13695
• 114 g/T gold from sample #13696
• 16.7 g/T gold from sample #13689
• 13.6 g/T gold from sample #13656
• 11.6 g/T gold from sample #13690
*for a complete list of results see the Company’s website at www.barkervillegold.com
- A limestone/marble sample with sulphide replacement bandings and clots including pyrite and galena on the east side of the upper Grouse Creek, returned:
• 3.25 g/T Gold, 101 g/T Silver and 1.25% Lead
The 2010 Drill Program
The Grouse Creek program is part of an initial $4,000,000 drill campaign slated for 2010 encompassing five main areas of the Company’s 111,499 hectare land tenure. Permit applications for further diamond drilling on Barkerville Mountain (Bonanza Ledge Zone and BC Vein), Cow Mountain (Cariboo Gold Quartz Deposit), Island Mountain and at the North Zone at the QR Mine are in process and will be announced as they are approved.
The Company has completed 16 diamond drill holes totaling 2,376.6 meters in 2010, one at Island Mountain, three at Bonanza Ledge and 12 at Cow Mountain. At Bonanza Ledge, two HQ diamond drill holes were completed for ore sort samples and one of five infill drill holes proposed by Mintec Inc. has also been completed. 12 drill holes have been completed in the northwest flank of Cow Mountain, four of which were to control and test the continuity of the new gold mineralization body intercepted by drill holes CM09-07 and CM09-08 conducted at the end of 2009 (see News Release 10-03, January 18, 2010). Assays results which include fire assay gold with AA finish and 28-element ICP of these drill holes are pending.
About Barkerville Gold Mines Ltd.
The Company has been developing its Cariboo Gold Project in Barkerville, B.C., which encompasses (from northwest to south east) the former producing Hardscrabble Tungsten Mine, Mosquito Creek Gold Mine (now on care and maintenance), Aurum Mine, Island Mountain Mine, Cariboo Gold Quartz Mine, Bonanza Ledge (proposed mine), the Cariboo Thompson Gold & Silver Mine and the Cariboo Hudson Mine. The Company commenced operations in the Cariboo District in 1994 and since that time has focused on the exploration and development of its gold properties. Mineral tenures in the Historic Cariboo Goldfields now encompass approximately 1,115.0 square km (111,498.6443 hectare) over a 60 km long by 20 km wide belt. In the Barkerville Gold Camp, 101 creeks have reported placer gold production. Recorded gold production from the area totals more than 3.8 million ounces, including an estimated 2.64 million ounces from placer mining and 1.23 million ounces from lode mining. On February 2, 2010, the Company reported that it closed the acquisition of the QR Mine, Mill and its associated assets and began gold mining operations at the QR Mine.
The technical information in this News Release has been reviewed and approved by Chief Geologist Jim Yin, PhD, P.Geo, a qualified person as defined in National Instrument 43-101.
On Behalf of the Board of Directors
“J. Frank Callaghan”
J. Frank Callaghan
President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements regarding the timing and content of upcoming programs. Actual results may differ materially from those currently anticipated in such statements.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA0676421088">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA0676421088</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.
Vancouver, BC -- Barkerville Gold Mines Ltd. ("Barkerville", the “Company”) reports that it has received government approval to begin a drill program in the Grouse Creek area at its Cariboo Gold Project. The Company is immediately initiating the 3,000-meter diamond drill program with a budget of $500,000 from the recently closed $13.6 financing. The Grouse Creek area runs approximately 7 kilometers long and is South East of Barkerville Mountain, immediately adjacent to the Bonanza Ledge Zone. Grouse Creek is directly on trend with the past producing, Cariboo Hudson Gold, Cariboo Gold Quartz, Island Mountain Gold, Mosquito Creek Gold and Hard Scrabble Tungsten/Gold Mines as well as the Bonanza Ledge Gold deposit, all within a contiguous, 60 kilometer geological gold belt owned by the Company.
The approved permits for Grouse Creek allow for 46 drill pads, 6.7 km of exploration roads and 25 test pits. The drill program is targeting both replacement and quartz vein styles of gold mineralization discovered during previous exploration seasons. Some highlights of previous sampling results are:
Quartz vein rock samples collected in 2008 from the eastern portion of the upper Grouse Creek property are as follows:
• 313 g/T gold from sample #13694
• 232 g/T gold from sample #13695
• 114 g/T gold from sample #13696
• 16.7 g/T gold from sample #13689
• 13.6 g/T gold from sample #13656
• 11.6 g/T gold from sample #13690
*for a complete list of results see the Company’s website at www.barkervillegold.com
- A limestone/marble sample with sulphide replacement bandings and clots including pyrite and galena on the east side of the upper Grouse Creek, returned:
• 3.25 g/T Gold, 101 g/T Silver and 1.25% Lead
The 2010 Drill Program
The Grouse Creek program is part of an initial $4,000,000 drill campaign slated for 2010 encompassing five main areas of the Company’s 111,499 hectare land tenure. Permit applications for further diamond drilling on Barkerville Mountain (Bonanza Ledge Zone and BC Vein), Cow Mountain (Cariboo Gold Quartz Deposit), Island Mountain and at the North Zone at the QR Mine are in process and will be announced as they are approved.
The Company has completed 16 diamond drill holes totaling 2,376.6 meters in 2010, one at Island Mountain, three at Bonanza Ledge and 12 at Cow Mountain. At Bonanza Ledge, two HQ diamond drill holes were completed for ore sort samples and one of five infill drill holes proposed by Mintec Inc. has also been completed. 12 drill holes have been completed in the northwest flank of Cow Mountain, four of which were to control and test the continuity of the new gold mineralization body intercepted by drill holes CM09-07 and CM09-08 conducted at the end of 2009 (see News Release 10-03, January 18, 2010). Assays results which include fire assay gold with AA finish and 28-element ICP of these drill holes are pending.
About Barkerville Gold Mines Ltd.
The Company has been developing its Cariboo Gold Project in Barkerville, B.C., which encompasses (from northwest to south east) the former producing Hardscrabble Tungsten Mine, Mosquito Creek Gold Mine (now on care and maintenance), Aurum Mine, Island Mountain Mine, Cariboo Gold Quartz Mine, Bonanza Ledge (proposed mine), the Cariboo Thompson Gold & Silver Mine and the Cariboo Hudson Mine. The Company commenced operations in the Cariboo District in 1994 and since that time has focused on the exploration and development of its gold properties. Mineral tenures in the Historic Cariboo Goldfields now encompass approximately 1,115.0 square km (111,498.6443 hectare) over a 60 km long by 20 km wide belt. In the Barkerville Gold Camp, 101 creeks have reported placer gold production. Recorded gold production from the area totals more than 3.8 million ounces, including an estimated 2.64 million ounces from placer mining and 1.23 million ounces from lode mining. On February 2, 2010, the Company reported that it closed the acquisition of the QR Mine, Mill and its associated assets and began gold mining operations at the QR Mine.
The technical information in this News Release has been reviewed and approved by Chief Geologist Jim Yin, PhD, P.Geo, a qualified person as defined in National Instrument 43-101.
On Behalf of the Board of Directors
“J. Frank Callaghan”
J. Frank Callaghan
President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements regarding the timing and content of upcoming programs. Actual results may differ materially from those currently anticipated in such statements.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA0676421088">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA0676421088</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.