Barkerville Intersects 19.9 Meters (65.4 Feet) of 83 g/t (2.429 oz/t) Gold at
New Discovery Zone on Cow Mountain
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VANCOUVER, BRITISH COLUMBIA--(June 27, 2011) - Barkerville Gold Mines Ltd. (TSX VENTURE:BGM)(FRANKFURT:IWUB) (the "Company") reports the discovery of a new visible gold-cosalite-pyrite-quartz mineralized zone returning up to 19.9 m (65.4 feet) of 83 g/T (2.429 oz/t) gold including 821 g/T (23.943 oz/t) gold over 1.9 m (6.3 feet) � the highest gold grade recorded to date in the area by the Company. The discovery is in an untested area outside the perimeter of, and below the proposed Cariboo Gold Quartz open pit on the northwest flank of Cow Mountain in central British Columbia. Highlights are as follows (see also Table 1):
CM11-25B
19.9 m (65.4 feet) of 83 g/T (2.429 oz/) gold between 102.7 m (337.0 feet) and 122.6 m (402.4 feet)
including 10 m (32.9 feet) of 165 g/T (4.824 oz/t) gold between 107.3 m (352.1 feet) and 117.3 m (385.0 feet)
including 1.9 m (6.3 feet) of 821 g/T (23.943 oz/t) between 114.3 m (375.0 feet) and 116.2 m (381.3 feet)
CM11-27
3.9 m (12.8 feet) of 66.6 g/T (1.941 oz/t) gold between 78.0 m (256.0 feet) and 81.9 m (268.8 feet)
including 2.1 m (7.0 feet) of 121 g/T (3.543 oz/t) gold between 78.9 m (259.0 feet) and 81.0 m (266.0 feet)
including 1.2 m (3.9 feet) of 204 g/T (5.949 oz/t) gold between 79.9 m (262.1 feet) and 81.1 m (266.0 feet)
CM11-30
2.1 m (6.9 feet) of 124 g/T (3.63 oz/t) gold between 45.4 m (148.9 feet) and 47.5 m (150.7 feet)
including 0.5 m (1.8 feet) of 313 g/T (9.128 oz/t) gold between 45.4 m(148.9 feet) and 46.0 m (150.7 feet)
CM11-31
4.0 m (13.1 feet) of 8.27 g/T (0.241 oz/t) gold between 42.7 m (140.1 feet) and 46.7 m (153.2 feet)
5.8 m (19 feet) of 5.64 g/T (0.164 oz/t) gold between 56.9 m (186.9 feet) and 62.7 m (205.9 feet)
2.6 m (8.4 feet) of 5.40 g/T (0.157 oz/t) gold between 68 m (223.1 feet) and 70.6 m (231.5 feet)
3.7 m (12.1 feet) of 9.54 g/T (0.278 oz/t) gold between 155.5 m (510.2 feet) and 159.2 m (522.3 feet)
including 0.3 m (1.0 feet) of 114 g/T (3.325 oz/t) gold between 157.0 m (515.1 feet) and 157.3 m (516.1 feet)
CM11-32
2.6 m (8.6 feet) of 20.2 g/T (0.589 oz/t) gold between 50.0 m (164.0 feet) and 52.6 m (172.6 feet)
0.6 m (2.0 feet) of 23.3 g/T (0.679 oz/t) gold between 141.9 m (465.5 feet) and 142.5 m (467.5 feet)
The drill holes were collared from 2 drill pads approximately 59 meters (193 feet) apart - CM11-25B & 27 from one pad and CM1-30, 31 & 32 from the other.
Based on the drill holes completed thus far on the new zone, it is preliminarily concluded that the zone is a diagonal vein running 55 degrees northeast (true north), and dipping 20-25 degrees to the northwest. The true width of zone varies between 2.1 m (6.9 feet) and 7.9 m (25.9 feet). The zone is still open along strike and parallel structures may exist. Drilling continues and results will be released as they become available.
Drill core processing included descriptive logging and sampling for geochemical analyses. The HQ and NQ-size drill core was split in two halves using a splitter at the Companys Lowhee Creek Compound in Wells-Barkerville, central B.C. One-half of the core is put in a sample bag. After all the samples are placed in the rice bags at the mine site, they are transported by BGMs personnel to a shipping company in Quesnel for trans-shipment to Eco Tech Lab in Kamloops, B.C. Sample preparation and geochemical assaying is done at Eco Tech Lab, following their own internal standards for quality control and verification. The gold assaying method uses a standard fire assay with AA finish. ETL is certified under the Assayers Certification Program of B.C.
Table 1
DRILL HOLE ASSAYS, COW MOUNTAIN - June 27th 2011
DDH#
FROM
TO
WIDTH
Au
Ag
FEET
METER
g/T
oz/t
g/T
CM11-25B
337.0
402.4
65.4
19.9
83*
2.429*
11*
including
352.1
385.0
32.9
10.0
165*
4.824*
23*
including
352.1
353.6
1.5
0.5
118
3.441
3.0
375.0
381.3
6.3
1.9
821
23.943
118
526.6
527.8
1.2
0.4
8.9
0.260
N/S
CM11-26
(hole stuck & abandoned, no significant assay)
CM11-27
256.0
268.8
12.8
3.9
66.6*
1.941*
N/S
including
259.0
266.0
7.0
2.1
121*
3.543*
N/S
including
262.1
266.0
3.9
1.2
204
5.949
N/S
306.0
316.0
10.0
3.0
1.22
0.036
N/S
CM11-30
148.9
155.8
6.9
2.1
124*
3.63*
87.7*
including
148.9
150.7
1.8
0.5
313
9.128
326
163.0
171.9
8.9
2.7
3.35
0.098
N/S
452.8
454.8
2.0
0.6
1.00
0.029
N/S
487.0
488.3
1.3
0.4
2.04
0.059
N/S
894.0
895.3
1.3
0.4
20.5
0.598
1.0
CM11-31
140.1
153.2
13.1
4.0
8.27*
0.241*
N/S
including
144.4
149.4
5.0
1.5
20.9
0.610
3.2
186.9
205.9
19.0
5.8
5.64*
0.165*
N/S
including
195.4
197.7
2.3
0.7
25.1
0.732
1.8
199.2
201.3
2.1
0.6
16.4
0.478
1.4
223.1
231.5
8.4
2.6
5.40*
0.158*
N/S
including
230.2
231.5
1.3
0.4
30
0.875
1.6
248.5
255.6
7.1
2.2
1.11
0.032
N/S
434.5
443.6
9.1
2.8
