Barkerville Gold Mines Ltd. (TSX VENTURE: BGM)(FRANKFURT: IWUB) ("BGM" or "the Company") announces that it has discovered a new gold mineralized zone on Barkerville Mountain, outside of the known Bonanza Ledge gold deposit. Additionally, the Company has drilled a further 22.6m of 6.93 g/t at the Bonanza Ledge deposit.
New Zone
The new zone is located approximately 93 meters beyond the Bonanza Ledge deposit and was discovered by recent trenching. Result highlights include:
-- Trench #1: 38 feet grading 16.8 g/T gold -- Including 30 feet @ 21.2 g/T gold -- Trench #2: 17 feet grading 24.2 g/T -- Including 12 feet @ 33.0 g/T gold -- Trench #3: 17 feet grading 2.92 g/T gold -- Including 9 feet @ 5.10 g/T gold -- Trench #4: 10 feet grading 3.09 g/T gold
The initial controlled length of the new discovery is about 140 feet (42.7 meters), running east - west, with the total width yet to be confirmed. A large fault zone consisting of a fault gouge with fine-grained massive or semi-massive pyrite replacement and quartz-pyrite veins mainly controls this zone.
A large-scale drill program will be conducted at the discovery area as soon as drill permits are approved.
Bonanza Ledge Resource Expansion Drill Results
Further infill drilling results from mine grid southwest of the Bonanza Ledge deposit have also been received and include:
DDH drill hole BC10-10 intercepted:
-- 22.6 m of 6.93 g/T gold (54.6m - 77.3m) -- Including 14.3m of 10.1 g/T gold (54.6m - 68.9m)
Mintec, an independent consulting company of Tucson, AZ, planned the final two DDH infill holes BC10-10 and BC 10-11 at the current Bonanza Ledge resource. Results for BC 10-11 are pending and will be released as soon as the assay certificates are received from the lab.
An expanded resource calculation and pit design for Bonanza Ledge based on this additional drilling conducted between September 2009 and present, after the original resource calculation was published, is forthcoming and will be reported when complete.
