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2.4 MILLION OUNCES TOTAL MEASURED AND INDICATED, AND 1.9 MILLION OUNCES INFERRED
TORONTO, May 29, 2019 /CNW/ – Barkerville Gold Mines Ltd. (BGM – TSX-V) (“BGM” or the “Company“) is pleased to announce the updated underground resource estimate for Cow, Island and Barkerville Mountain deposits at its 100% owned Cariboo Gold Project located in Wells, B.C.
- Measured and Indicated Resource of 2.4 million ounces of gold (13.2 million tonnes grading 5.6 g/t Au) a 50% increase from the 2018 resource;
- Inferred Mineral Resource of 1.9 million ounces of gold in the inferred category (12 million tonnes grading 5.0 g/t Au);
- The mineral resource estimate has factored in the internal dilution which allows BGM to consider larger mining methods in some of the deposit areas to reduce operating costs in a future scale operation, allows potential for better resource to reserve conversion, and better continuity;
- The 2019 Mineral Resource estimate on Cow and Island Mountains covers the corridor of the Cow, Valley, Shaft, and Mosquito deposits over a strike length of 3.7 kilometers, a maximum width of approximately 700 meters, down to a maximum depth of 600 meters and an average depth of 350 meters below surface;
- 249 vein corridors were modelled with average dimensions of 300 meters by 300 meters by 3 meters with thickness of the vein corridors ranging from 2 meters to 40 meters;
- The BC Vein deposit is 1.7 kilometers in strike length, 0.5 meters to 37 meters in thickness, and 400 meters in depth.
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