Peters George's first report was released in June of 2012 but the resource was dated December 31st, 2011.  He was in such a rush to get it out he didn't have time to incorporate the February and March 2012 drill results.  Why could he not wait to incorporate these results?  Was it pressure from Frank to get some numbers because the stock was being decimated?  These drill results were released over three months prior to PG's June report.  Over the next 45 days PG incorporated the Feb and March drill results into his resource calculation and (unbeleivably) the resource grew to 12,333,600 ounces in all categories.  Peter knew of the scrutiny and public pressure he'd be under yet still felt the need to grow the resource by 1,707,500 ounces.  Is he crazy? or did he check the numbers so many times that he felt compelled to grow the already controvercial resource estimate.  I'll bet he even received advice from other QP's to go ahead with the updated, enhanced resource.

Here's some highlights of the Feb and March drill results.

 

Feb 15, 2012
2011 Drilling Programs Completes on Cow Mountain

Vancouver, BC -- Further to the news releases on the high grade VG-cosalite-quartz-pyrite zones discovered by the Company on Cow Mt. reported respectively on June 27, July 26, September 13, October 18 and December 12, Barkerville Gold Mines Ltd. (TSXV:BGM) (the "Company") reports more significant intercepts of 2011 drill results conducted on Cow Mt. recently.

Highlights include (Table 1):

CM11-74
  • 27.4 m (90.0 feet) of 7.09 g/T (0.207 oz/t) gold between 215.2 and 242.6 meters (706.0' and 796.0')
    • including 12.2 meters (40.0 feet) of 15.7 g/T (0.457 oz/t) gold between 215.2 and 227.4 meters (706.0' and 746.0')
      • including 9.1 meters (30.0 feet) of 20.8 g/T (0.606 oz/t) gold between 215.2 and 224.3 meters (706.0' and 736.0')
CM11-106
  • 3.6 m (11.8 feet) of 6.56 g/T (0.191 oz/t) gold between 44.8 and 48.4 meters (147.0' and 158.8')
CM11-109
  • 4.7 m (15.5 feet) of 11.313 g/T (0.330 oz/t) gold between 213.8 and 218.5 meters (701.5' and 717.0' )
    • including 1.2 meters (4.0 feet) of 43.382 g/T (1.265 oz/t) gold between 215.5 and 216.7 meters (707.0' and 711.0')
CM11-122
  • 15.4 m (50.6 feet) of 3.59 g/T (0.105 oz/t) gold between 352.7 and 368.1 meters (1,157.0' and 1,207.6' )
    • including 8.9 meters (29.1 feet) of 5.98 g/T (0.174 oz/t) gold between 354.8 and 363.7 meters (1,164.0' and 1,193.1')
CM11-125
  • 4.1 m (13.6 feet) of 22.328 g/T (0.651 oz/t) gold between 143.6 and 147.7 meters (471.0' and 484.6')
CM11-126
  • 22.7 m (74.5 feet) of 5.736 g/T (0.167 oz/t) gold between 55.7 and 78.4 meters (182.8' and 257.3')
    • including 14.8 meters (48.5 feet) of 8.679 g/T (0.253 oz/t) gold between 57.2 and 71.9 meters (187.5' and 236.0')
      • including 5.0 meters (16.5 feet) of 22.911 g/T (0.668 oz/t) gold between 66.9 and 71.9 meters (219.5' and 236.0')
CM11-138
  • 23.5 m (77.2 feet) of 5.597 g/T (0.163 oz/t) gold between 193.4 and 217.0 meters (634.6' and 711.8')
    • including 10.0 meters (32.7 feet) of 12.52 g/T (0.365 oz/t) gold between 197.2 and 207.2 meters (647.0' and 679.7')
      • including 4.2 meters (13.7 feet) of 26.763 g/T (0.781 oz/t) gold between 197.2 and 201.4 meters (647.0' and 660.7')
CM11-139
  • 7.7 m (25.3 feet) of 8.560 g/T (0.250 oz/t) gold between 90.8 and 98.5 meters (298.0' and 323.3' )
    • including 1.9 meters (6.3 feet) of 34.053 g/T (0.993 oz/t) gold between 96.6 and 98.5 meters (317.0' and 323.3')
CM11-140
  • 11.1 m (36.3 feet) of 12.75 g/T (0.372 oz/t) gold between 21.5 and 32.6 meters (70.7' and 107.0' )
    • including 3.0 meters (9.7 feet) of 47.627 g/T (1.389 oz/t) gold between 21.5 and 24.5 meters (70.7' and 80.4')
The significant intercept of drill holes CM11-74 mentioned above includes a high grade (40%) pyrite replacement band in grey/tan colored phyllite between 221.8 meters (727.7 feet) and 223.5 meters (733.4 feet).

All the significant intercepts described above and in Table 1 may not be the true width. The true width will be figured out after assay results of more drill holes at the same setups are received.

2011 Drilling Program on both Cow and Barkerville Mt. were completely finished by December 23, 2011 and results will be released as they become available. In total, 235 drill holes, which includes those got stuck and abandoned, were conducted on both Cow and Barkerville Mountains. These drill holes include 167 exploration drill holes conducted on Cow Mt., 46 exploration (41) and environmental (5) drill holes on Barkerville Mt., and 22 monitoring water holes on both Cow and Barkerville Mountains. Pending assay results of the other drill holes will be published as soon as they are received.

Drill core processing included descriptive logging and sampling for geochemical analyses. The NQ & NQ2-size drill core was cut/split in two halves using saws and a splitter at the Company's 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 BGM's personnel to a shipping company in Quesnel for trans-shipment to ALS Minerals in North Vancouver and Inspectorate Exploration & Services Ltd. in Richmond, B.C. for analysis. Sample preparation and geochemical assaying is done at ALS and Inspectorate Labs respectively, following their own internal standards for quality control and verification. The gold assaying method uses a standard fire assay with AA finish and a metallic gold assay for those samples with visible gold. Both ALS and Inspectorate are certified under the Assayers Certification Program of B.C.

About Barkerville Gold Mines Ltd.

Since the mid 1990s the Company has focused on exploration and development of gold projects in the Cariboo Mining District in central B.C. The Company's mineral tenures now cover over 1,147 square kilometers, encompassing seven past producing hard rock mines and three NI 43-101 gold deposits, including the QR Mine & Mill. The QR Property was acquired in February 2010 and includes a 900 tonne/day gold milling facility and a permitted gold mine located approximately 110 kilometers by highway and all-weather road from the Barkerville Gold Camp. Mining operations commenced at QR in the first quarter of fiscal 2011 and the Company began pouring doré gold in September 2010. In November 2010, the Company acquired a second permitted mill currently on care and maintenance in Revelstoke, B.C. for relocation to the Barkerville Gold Camp near Wells, B.C. and upgrade to a 3,000-tonne/day facility subject to government approvals. In November 2010 the Company and the Lhtako Dene First Nation also signed a Project Agreement in relation to its Bonanza Ledge and Cariboo Gold Projects. The Company has not hedged any of its future gold production.

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 and CEO
Tel: (604) 669 -- 6463

 

 

Mar 21, 2012
Vancouver, BC -- Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company") reports results from the remaining drill holes completed in 2011. These results are part of the 57,742 metre 2011 drill program focusing on Cow Mountain and Barkerville Mountain.

Jack Miller, Acting CEO comments, "The significant gold intercepts in multiple areas within our large land package are very encouraging. The next step will be updated resource estimates. All of the 2011 results along with historical information are being reviewed to help define future development exploration programs for the area."

Significant diamond drill hole intercepts received from the remaining holes completed in 2011 are given in Tables 1, 2 and 3 while highlights are given below.

1. Cow Mountain
Drilling in this area targeted potential mineralized areas in and around the existing historical Gold Quartz resource estimate issued in 2006 on Cow Mountain. Highlights from the remaining 51 of 167 holes completed in 2011 are given below (see Table 1 for a more detailed list of significant intercepts).

DDH# FROM TO WIDTH Au Ag
FEET METRE g/T oz/t g/T
CM11-70A 107.3 137.8 30.5 9.3 1.276* 0.037* N/S
180.8 196.8 16 4.9 7.635* 0.223* N/S
399.6 423.2 23.6 7.2 3.972* 0.116* N/S
610.2 629.9 19.7 6 13.51* 0.394* N/S
846.4 851.6 5.2 1.6 1.039 0.03 N/S
CM11-137 68.9 91.5 22.6 6.9 1.216 0.035 N/S
99.7 108.3 8.6 2.6 34.92 1.018 8.5
121.3 127 5.7 1.7 26.37 0.769 3.0
153.3 158.8 5.5 1.7 3.678 0.107 N/S
HOLE ABANDONED DUE TO CUTTING INTO A SHAFT
CM11-112 224.6 238.7 14.1 4.3 2.435* 0.071* N/A
550.6 557.9 7.3 2.2 8.289 0.242 N/A
CM11-117 178.2 187 8.8 2.7 1.697* 0.049* 3.7*
318.9 320.2 1.3 0.4 23.9 0.697 1.1
361.8 368 6.2 1.9 9.790* 0.286* N/A
404.6 406.8 2.2 0.7 1.408 0.041 N/A
HOLE ABANDONED DUE TO CUTTING INTO A STOPE
CM11-127 209.3 217 7.7 2.3 5.799 0.169 N/A
338 347.7 9.7 3.0 1.134* 0.033* N/A
380.5 389.3 8.8 2.7 1.649 0.048 N/A
591.9 593.1 1.2 0.4 6.101 0.178 N/A
637.7 657.5 19.8 6.0 1.641* 0.048* N/A
688.8 692.8 4.0 1.2 16.4 0.478 1.1
CM11-128 456.2 458.6 2.4 0.7 6.211 0.181 N/A
914.6 917 2.4 0.7 1.123 0.033 N/A
924.5 933.7 9.2 2.8 2.751* 0.082* N/A
945.3 952.5 7.2 2.2 10.16* 0.296* N/A
CM11-132 448.2 462.6 14.4 4.4 8.414* 0.245* N/S
including
458 462.6 4.6 1.4 22.96 0.67 3.3
601.2 614.4 13.2 4.0 6.763* 0.197* 1.5*
including
610.2 614.4 4.2 1.3 17.62 0.514 2.1
CM11-153 449.5 456.2 6.7 2.0 14.84 0.433 1.0
722 727 5.0 1.5 2.09 0.061 N/A
CM11-146 409.2 411.5 2.3 0.7 12.07 0.352 1.0
457 464.5 7.5 2.3 1.291 0.038 N/A
468.3 469.6 1.3 0.4 6.297 0.184 1.1
478.4 482 3.6 1.1 14.96 0.436 N/A
483.4 491 7.6 2.3 7.458* 0.218* N/A
CM11-148 151.4 187 35.6 10.9 8.544* 0.249* N/A
including
161.4 187 25.6 7.8 11.32* 0.330* 1.0*
including
161.4 177.2 15.8 4.8 17.65* 0.515* 1.6*
325.5 353.4 27.9 8.5 3.285* 0.096* N/A
including
325.5 337 11.5 3.5 6.411* 0.187* N/A
444 455.9 11.9 3.6 4.315* 0.126* N/A
1099 1100 1 0.3 7.879 0.23 2.4
CM11-145 54.3 66.4 12.1 3.7 1.234* 0.036* N/A
83.7 84.4 0.7 0.2 1.02 0.03 N/A
96.2 122.3 26.1 8.0 5.875* 0.171* N/A
including
96.2 103.2 7.0 2.1 14.72 0.429 1.9
156.3 157.3 1.0 0.3 2.764 0.081 N/A
CM11-131 467.4 472 4.6 1.4 2.985 0.087 N/S
481 494.8 13.8 4.2 15.16* 0.442* N/S
520.7 537.8 17.1 5.2 10.14* 0.296* 1.1
including
481 485.4 4.4 1.3 33.51 0.977 5.8
520.7 537.8 17.1 5.2 10.14* 0.296* 1.1
920 924.5 4.5 1.4 4.112 0.12 5.5
1192.5 1193.6 1.1 0.3 3.734 0.109 N/S
1510.7 1513.4 2.7 0.8 32.14 0.937 N/S
Note: N/S - no significant assay; * weighted arithmetic average
All the intercepts described above may not be true width due to the geological complexity of the area. This issue may be resolved during future 3D geological modeling.


2. Barkerville Mountain
Drilling in this area predominately targeted a section of the BC Vein located between the Bonanza Ledge gold deposit and the Goldfinch Fault zone on Barkerville Mountain. Highlights from the remaining 6 of 29 holes completed in 2011 are given below (see Table 2 for a more detailed list of significant intercepts).

DDH# From To Width Au Ag True
Feet Metre g/T oz/t g/T Width (ft)
BCV11-26 385.8 404.6 18.8 5.7 13.04* 0.380* 6.3* 15.0
Including  
385.8 388.1 2.3 0.7 85.47 2.493 38.7  
BCV11-29 393.6 423.0 29.4 9.0 14.95* 0.436* 1.5 24.0
Including  
393.6 402.6 9.0 2.7 23.79* 0.694* 1.7*  
Note: * weighted arithmetic average

The BC Vein has been identified by drilling over a strike length of 2.2 km, varying in depth up to 293 metres and in thickness up to 36 metres. Since 1999, 230 drill holes have been completed on and around the BC Vein.