Barkerville Gold Mines Ltd. (TSX VENTURE:BGM)(FRANKFURT:IWUB) announces the final results from its 2010 drill program at Cow Mountain and Barkerville Mountain.
This last round of drilling for 2010 includes the discovery of replacement style gold mineralization on Cow Mountain and quartz-pyrite vein hosted gold mineralization approximately 190 meters mine grid NW of the Cariboo Gold Quartz proposed open pit mine. Highlights include:
- 15.9 g/T gold over 16.7 meters (55.0 feet), including 42.0 g/T gold 3.0 meters (10.0 feet) and 27.3 g/T over 5 meters (16.4 feet) - (DDH CM10-13, semi massive to massive pyrite replacement mineralization in light grey/grey calcareous phyllite with lesser quartzite)
- 10.8 g/T gold over 32.6 meters (107.0 feet), including 30.6 g/T gold over 10.7 meters (35.1 feet) - (DDH CM10-18, quartz-pyrite veins and pyrite blebs within argillite with lesser/minor quartzite, located approximately 190 meters mine grid NW of the proposed pit)
The Company also announces the start of the 2011 drill campaign on Cow Mountain. This year's drill program is intended to extend the proposed pit an additional 300 feet below the current resource level in an effort to double the tonnage of the current NI 43-101 resource. At the same time, drilling to twin some older, non-43-101 compliant drill holes is underway in an effort to return the resource to historic levels. Additional drill plans for this year to expand on the two new developments announced today will be forthcoming and the Company is already permitted to drill another 178 drill holes on top of the current 122 drill hole program underway on Cow Mountain.
J. Frank Callaghan states, "These are exciting developments around the proposed Cariboo Gold Quartz mine. The current NI 43-101 resource and our past drilling here have been based on gold hosted in a quartz stockworks. Finding gold in replacement mineralization similar to the style found at Bonanza Ledge and the neighboring historic Island Mountain Mine brings a new dimension to Cow Mountain. Additionally encountering a higher grading gold in quartz-pyrite veins 190 meters outside of the Cariboo Gold Quartz proposed open pit area really brings up the potential to extend the mineralized area."
Additional drilling on Cow Mountain was done in 2010 to test the footprint bounds of the Cariboo Gold Quartz proposed pit right to the historic tailings lake at the foot of the mountain.
The Company drilled an additional 10 holes (included in the final 2010 drill results) on Barkerville Mountain that were designed to provide a better understanding of the BC Quartz Vein and any possible extension of fine-grained pyrite replacement mineralization around the Bonanza Ledge gold deposit.
Source: Barkerville Gold Mines Ltd.