BGM Intersects 22.11 G/t Au Over 5.85 Meters At Valley Zone

NEW MINERALIZED VEIN CORRIDORS INTERSECTED ON BARKERVILLE MOUNTAIN

TORONTO, March 20, 2018 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling results from the 2017 Valley Zone and Barkerville Mountain exploration and drilling programs at the Company's flagship Cariboo Gold Project.   Detailed drilling results, a drill hole location plan map and vertical sections are presented at the end of this release. The exact geometry and hence true width of the mineralized zones cannot be assuredly concluded at this time therefore core lengths are reported.

Drilling Highlights

Valley Zone Drilling (CNW Group/Barkerville Gold Mines Ltd.)

Valley Zone Vertical Section (CNW Group/Barkerville Gold Mines Ltd.)

Barkerville Mountain Drilling (CNW Group/Barkerville Gold Mines Ltd.)

Barkerville Mountain Vertical Section (CNW Group/Barkerville Gold Mines Ltd.)

• CM-17-078: 11.22 g/t Au over 8.25 meters
• CM-17-084: 22.11 g/t Au over 5.85 meters
• CM-17-096: 12.50 g/t Au over 8.00 meters
• CM-17-096: 2250 g/t Au over 0.50 meters
• BM-17-001: 9.60 g/t Au over 2.10 meters
• BM-17-008: 22.72 g/t Au over 1.50 meters

The Company is pleased to report vein mineralization expansion from the exploration drilling at Valley Zone. Drill hole CM-17-084 intersected 7.45 g/t Au over 6.70 meters at a vertical depth of 400 meters. Further down hole, CM-17-084 intersected 22.11 g/t Au over 5.85 meters demonstrating wide vein corridors in the Valley Zone.

Drillhole CM-17-096 intersected 12.50 g/t Au over 8.00 meters down dip of existing modelled veins, and 11.74 g/t Au over 5.15 meters further down hole. CM-17-096 also intersected a 0.5 m wide vein that assayed 2,250 g/t Au.

In addition to results at Valley Zone, the Company's 4,000-meter Phase I exploration program on Barkerville Mountain yielded mineralized vein intersections of 9.60 g/t Au over 2.10 meters in BM-17-001 at a vertical depth of 180 meters. Drillhole BM-17-002 intersected 4.09 g/t Au over 4.25 meters located 70 meters down dip of BM-17-001. Drillhole BM-17-008 intersected mineralized quartz vein with 22.72 g/t Au over 1.50 meters at a vertical depth of 400 meters. These intersections are adjacent to the previously reported KL zone target area.  These intersections remain untested along strike and at depth, holes in this area are at approximately 100 meter spacing and have analogous host lithology and mineralization to the veins present on Cow and Island Mountain. Further drilling is warranted in this area.

Corridors Discussion

Mineralized quartz veins at the Valley Zone on Cow Mountain are hosted within the sandstones and are an anastomosing network of high vein density with an overall sub-vertical dip and northeast strike. Recent modelling of vein corridors at Valley Zone proposes 17 mineralized vein corridors with an estimated horizontal width of 3 meters and a strike length of up to 300 meters. These corridors, have been defined from surface to a vertical depth of 600 meters and remain open for expansion to depth and down plunge. Drill hole spacing in the corridors currently averages 25 meters between drilling sections with vertical drilling separations ranging from 20 to 75 meters with hole spacing increasing at depth. Gold grades are intimately associated with vein-hosted pyrite as well as pyritic, intensely silicified wall rock haloes in close proximity to the veins.

Qualified Persons

Exploration activities at the Cariboo Gold Project are administered on site by the Company's Project Geologists, Kyle Orr and Felipe Castaneda. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, P.Geo. Vice President Exploration, is the Qualified Person for the Company and has prepared, validated and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration activities on the Cariboo Gold Project.

Quality Assurance – Quality Control

Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged.  The remaining drill core is subsequently stored on site at the Company's secure facility in Wells, BC.  Numbered security tags are applied to lab shipments for chain of custody requirements.  The Company inserts quality control (QC) samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QAQC program was designed and approved by Lynda Bloom, P.Geo. of Analytical Solutions Ltd., and is overseen by the Company's Qualified Person, Maggie Layman, P.Geo, Vice President Exploration.

Drill core samples are submitted to ALS Geochemistry's analytical facility in North Vancouver, British Columbia for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed and 250 grams is pulverized. Analysis for gold is by 50g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 ppm and upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are re-analyzed using a 1,000g screen metallic fire assay. A selected number of samples are also analyzed using a 48 multi-elemental geochemical package by a 4-acid digestion, followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) and Inductively Coupled Plasma Mass Spectroscopy (ICP-MS).

About Barkerville Gold Mines Ltd.

The Company is focused on developing its extensive land package located in the historical Cariboo Mining District of central British Columbia. Barkerville's mineral tenures cover 1,950 square kilometres along a strike length of 67 kilometres which includes several past producing hard rock mines of the historic Barkerville Gold Mining Camp near the town of Wells, British Columbia. The QR Project, located approximately 110 kilometres by highway and all weather road from Wells was acquired by Barkerville in 2010 and boasts a fully permitted 900 tonne/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of 2015 with 91,489 tonnes of material milled producing 25,464 ounces of gold. The Company has completed several drilling and exploration programs over the past 20 years and has compiled this data with all historical information in order develop geologic models which are assisting management in defining new deposits in the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high grade gold mineralization.

Cautionary Statement on Forward -Looking Information

Neither the TSX Venture Exchange ('TSXV') nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Table 1: Length weighted gold composites from Valley Zone and Barkerville Mountain

HOLE ID		FROM (M)	TO (M)	CORE LENGTH (M)	AU (G/T)
CM-17-067		95.70	96.20	0.50	20.80
		264.80	265.30	0.50	89.10
		297.30	297.80	0.50	9.97
		341.60	342.10	0.50	4.58
		362.00	363.30	1.30	18.85
		382.60	384.65	2.05	7.32
	INCLUDING	382.60	383.20	0.60	15.05
		490.00	490.75	0.75	12.90
CM-17-068		351.10	352.00	0.90	4.56
		400.60	401.85	1.25	38.97
		439.10	440.70	1.60	8.73
		439.10	439.70	0.60	14.95
		440.20	440.70	0.50	9.60
		444.00	444.50	0.50	6.50
		499.95	500.90	0.95	6.87
		579.50	580.90	1.40	6.58
	INCLUDING	579.50	580.00	0.50	9.07
		585.60	586.10	0.50	15.90
CM-17-069		148.90	149.40	0.50	7.26
		197.00	197.60	0.60	8.84
		333.20	333.80	0.60	7.70
		364.50	365.35	0.85	5.75
		375.70	377.70	2.00	3.84
		454.80	455.30	0.50	7.92
		471.00	471.50	0.50	4.30
CM-17-070		83.00	84.00	1.00	5.79
		182.80	183.30	0.50	263.00
		195.00	195.95	0.95	22.80
		242.75	243.40	0.65	16.85
		269.30	269.80	0.50	4.06
		317.50	318.35	0.85	4.44
		354.15	355.30	1.15	89.78
	INCLUDING	354.15	354.80	0.65	153.50
CM-17-071		155.50	156.50	1.00	9.46
		168.30	168.80	0.50	7.50
		173.00	173.55	0.55	6.73
		208.00	208.50	0.50	19.10
CM-17-072		194.30	199.10	4.80	5.46
	INCLUDING	194.30	195.00	0.70	13.15
CM-17-072	AND	197.40	198.40	1.00	10.80
		240.60	241.10	0.50	28.70
		247.00	248.00	1.00	3.91
		257.00	261.70	4.70	5.60
	INCLUDING	257.00	257.50	0.50	24.60
	AND	261.00	261.70	0.70	8.47
		308.90	309.40	0.50	6.33
		339.25	340.00	0.75	5.41
		341.50	342.00	0.50	20.40
		407.65	408.70	1.05	5.30
		510.40	511.00	0.60	16.10
		512.25	513.00	0.75	9.00
		644.70	646.00	1.30	4.91
CM-17-073		122.15	122.65	0.50	9.06
		212.80	213.30	0.50	28.30
		223.45	224.00	0.55	13.10
		225.50	226.00	0.50	47.40
		239.55	240.60	1.05	6.99
	INCLUDING	240.05	240.60	0.55	9.84
		356.50	357.10	0.60	4.34
		411.85	419.25	7.40	5.84
	INCLUDING	411.85	412.95	1.10	20.50
		501.65	503.50	1.85	5.14
		575.60	576.20	0.60	5.92
		645.40	646.00	0.60	6.98
CM-17-074		98.40	100.00	1.60	19.80
	INCLUDING	98.40	99.00	0.60	6.95
	AND	99.50	100.00	0.50	52.40
		133.60	134.20	0.60	9.73
		200.90	201.40	0.50	9.64
		208.45	212.10	3.65	5.73
		208.45	209.35	0.90	15.90
		211.35	212.10	0.75	6.98
		305.00	305.50	0.50	5.46
		354.05	354.55	0.50	5.81
		423.50	424.15	0.65	9.10
		451.45	452.30	0.85	8.11
CM-17-075		29.35	29.85	0.50	4.71
		83.50	84.00	0.50	9.16
		93.35	100.00	6.65	8.57
	INCLUDING	98.50	100.00	1.50	32.80
CM-17-075		195.50	196.10	0.60	10.75
		203.50	204.05	0.55	7.41
		260.50	261.00	0.50	15.10
CM-17-076		85.50	86.00	0.50	26.40
		133.00	133.50	0.50	11.05
		209.00	209.50	0.50	7.16
		220.00	220.50	0.50	26.20
		230.00	231.50	1.50	4.22
CM-17-077		97.00	97.50	0.50	9.05
CM-17-078		116.45	116.95	0.50	17.10
		146.35	146.95	0.60	4.18
		173.70	174.20	0.50	18.75
		216.55	217.05	0.50	14.55
		226.50	227.25	0.75	20.40
		229.40	230.00	0.60	21.20
		232.15	233.85	1.70	16.34
	INCLUDING	233.35	233.85	0.50	26.90
		238.00	239.00	1.00	5.44
		259.90	260.40	0.50	26.70
		300.15	300.65	0.50	40.80
		308.25	316.50	8.25	11.22
	INCLUDING	308.85	309.65	0.80	22.30
	AND	310.65	311.35	0.70	84.10
	AND	314.80	315.30	0.50	12.25
		330.40	330.90	0.50	7.74
		335.00	335.50	0.50	40.50
		350.00	353.00	3.00	11.53
	INCLUDING	350.00	350.50	0.50	25.80
	AND	350.50	351.05	0.55	17.15
CM-17-079		317.00	317.70	0.70	7.37
CM-17-080	ABANDONED
CM-17-081		87.35	89.10	1.75	10.40
	INCLUDING	87.35	88.10	0.75	13.75
	AND	88.60	89.10	0.50	15.70
		101.80	102.40	0.60	34.50
		220.60	221.60	1.00	19.55
CM-17-082		146.25	146.75	0.50	9.34
		152.00	152.60	0.60	23.20
		168.75	171.65	2.90	5.32
	INCLUDING	168.75	169.80	1.05	11.50
		181.15	181.70	0.55	4.69
CM-17-082		184.45	186.00	1.55	16.10
	INCLUDING	184.45	185.15	0.70	30.40
		205.60	206.15	0.55	4.62
		218.00	218.50	0.50	14.40
		221.00	221.65	0.65	34.80
		223.65	225.55	1.90	12.19
	INCLUDING	224.95	225.55	0.60	28.30
		232.85	233.45	0.60	24.20
		352.50	353.00	0.50	5.50
		469.75	471.00	1.25	7.56
		540.00	540.80	0.80	11.15
CM-17-083	ABANDONED
CM-17-084		331.10	331.85	0.75	14.30
		453.20	454.60	1.40	12.09
	INCLUDING	453.20	453.75	0.55	20.80
		458.20	459.05	0.85	11.70
		463.35	470.05	6.70	7.45
	INCLUDING	465.35	465.85	0.50	27.70
	AND	467.55	468.45	0.90	15.40
		475.50	476.00	0.50	6.72
		480.35	481.05	0.70	67.70
		485.15	491.00	5.85	22.11
	INCLUDING	485.15	485.70	0.55	40.90
	AND	488.00	488.50	0.50	83.40
	AND	489.50	490.25	0.75	20.60
		502.25	502.75	0.50	12.85
CM-17-085		57.00	58.15	1.15	23.00
		134.00	134.70	0.70	12.55
		136.90	137.40	0.50	12.85
		248.15	249.00	0.85	4.10
		452.10	452.60	0.50	4.87
		564.40	564.90	0.50	4.20
CM-17-086	NO SIGNIFICANT ASSAYS
CM-17-087		112.30	112.80	0.50	57.70
		119.20	120.30	1.10	20.48
	INCLUDING	119.80	120.30	0.50	28.50
		227.70	229.30	1.60	5.10
		259.40	260.90	1.50	13.35
		264.50	265.00	0.50	5.07
		274.80	275.70	0.90	4.65
		277.80	278.30	0.50	6.42
CM-17-087		287.60	288.70	1.10	6.27
CM-17-088		151.05	152.65	1.60	6.41
	INCLUDING	152.00	152.65	0.65	10.70
		192.65	193.25	0.60	4.48
		250.00	250.50	0.50	12.55
		261.85	262.35	0.50	12.45
		269.80	270.70	0.90	10.65
		279.85	280.35	0.50	5.03
		285.30	290.00	4.70	17.67
	INCLUDING	285.85	286.40	0.55	37.00
	AND	287.70	288.85	1.15	29.50
		300.10	301.75	1.65	9.19
		308.15	311.50	3.35	13.76
	INCLUDING	308.15	308.80	0.65	42.30
	AND	310.00	310.50	0.50	19.50
	AND	311.00	311.50	0.50	14.35
		330.00	330.50	0.50	6.66
		331.10	331.60	0.50	7.06
		432.15	432.65	0.50	104.00
		433.30	433.90	0.60	9.69
		463.10	463.60	0.50	30.40
CM-17-089		106.30	107.80	1.50	17.05
	INCLUDING	106.80	107.80	1.00	23.10
		170.30	170.80	0.50	10.55
		180.65	182.00	1.35	4.43
		307.60	308.30	0.70	46.80
		320.50	321.00	0.50	8.20
		347.00	347.50	0.50	6.18
		391.50	392.00	0.50	9.97
		404.00	404.60	0.60	25.50
		435.00	435.85	0.85	9.73
		445.70	447.55	1.85	4.53
		452.40	456.40	4.00	8.36
	INCLUDING	454.75	455.30	0.55	15.60
	AND	455.90	456.40	0.50	10.70
		620.70	621.50	0.80	19.05
CM-17-090	ABANDONED
CM-17-091		200.70	201.25	0.55	16.10
		231.70	234.60	2.90	14.25
	INCLUDING	233.25	234.00	0.75	34.30
	AND	234.00	234.60	0.60	20.60
CM-17-091		259.25	260.85	1.60	24.38
	INCLUDING	259.25	260.20	0.95	29.50
		401.00	401.55	0.55	7.95
		449.20	450.00	0.80	7.03
		489.00	489.55	0.55	16.40
CM-17-092	NO SIGNIFICANT ASSAYS
CM-17-093		23.20	23.75	0.55	49.20
		33.45	34.20	0.75	10.45
		169.70	170.50	0.80	7.96
		185.60	186.10	0.50	8.37
		187.80	188.50	0.70	12.85
		209.55	210.05	0.50	4.42
		213.50	214.15	0.65	34.90
		249.45	250.00	0.55	17.20
		281.15	281.85	0.70	5.30
		343.90	345.00	1.10	5.12
		437.45	438.55	1.10	4.54
		441.30	442.00	0.70	4.28
		457.05	458.10	1.05	5.51
CM-17-094		101.40	102.30	0.90	21.70
CM-17-095		412.45	413.25	0.80	27.60
		415.35	416.40	1.05	4.89
CM-17-096		70.30	71.00	0.70	12.55
		74.30	74.80	0.50	26.00
		223.50	224.05	0.55	5.43
		236.30	236.80	0.50	4.63
		285.50	286.80	1.30	10.55
		355.00	363.00	8.00	12.50
	INCLUDING	357.00	357.55	0.55	27.60
	AND	361.50	363.00	1.50	50.30
		384.85	390.00	5.15	11.74
	INCLUDING	384.85	385.40	0.55	45.40
	AND	386.85	387.35	0.50	28.90
		477.00	478.00	1.00	8.20
	INCLUDING	477.00	477.50	0.50	12.90
		489.25	490.50	1.25	6.84
		531.05	533.00	1.95	12.88
	INCLUDING	531.05	531.55	0.50	13.30
	AND	532.05	533.00	0.95	18.80
		548.00	549.25	1.25	11.15
		572.20	572.70	0.50	12.60
CM-17-096		579.50	580.00	0.50	8.52
		581.85	582.35	0.50	8.99
		623.15	623.65	0.50	2250.00
		626.30	626.80	0.50	26.00
CM-17-097		77.00	77.70	0.70	13.85
		92.95	93.80	0.85	5.21
		221.30	221.80	0.50	6.53
		257.45	258.05	0.60	8.73
		318.15	318.65	0.50	7.42
		351.85	353.25	1.40	7.65
	INCLUDING	352.65	353.25	0.60	9.84
		384.25	384.75	0.50	5.98
		410.00	410.50	0.50	6.59
		435.80	436.30	0.50	11.70
BM-17-001		78.10	82.80	4.70	2.96
	INCLUDING	80.40	80.90	0.50	11.40
		90.45	91.00	0.55	6.61
		105.00	105.50	0.50	9.84
		162.40	162.90	0.50	6.82
		172.10	172.75	0.65	9.36
		268.90	271.00	2.10	9.60
	INCLUDING	268.90	269.85	0.95	18.30
		580.60	581.25	0.65	4.54
BM-17-002		199.15	199.65	0.50	7.72
		288.50	289.00	0.50	7.91
		328.30	332.55	4.25	4.09
	INCLUDING	330.00	331.30	1.30	7.01
BM-17-003		380.05	380.65	0.60	13.30
		495.60	496.65	1.05	39.60
BM-17-004	NO SIGNIFICANT ASSAYS
BM-17-005		319.30	319.85	0.55	51.60
		326.35	326.85	0.50	6.86
		344.00	345.25	1.25	16.11
	INCLUDING	344.75	345.25	0.50	29.80
		371.10	371.60	0.50	21.80
BM-17-006		191.30	192.00	0.70	12.00
		229.10	229.60	0.50	6.97
BM-17-007		56.40	57.20	0.80	5.82
		239.20	239.85	0.65	15.90
BM-17-008		169.40	170.00	0.60	4.40
		332.25	332.90	0.65	4.39
BM-17-008		335.15	335.80	0.65	9.85
		338.50	341.20	2.70	4.21
	INCLUDING	340.60	341.20	0.60	7.15
		481.00	482.30	1.30	11.25
	INCLUDING	481.50	482.30	0.80	13.40
		488.85	490.35	1.50	22.72
	INCLUDING	489.35	490.35	1.00	26.30
		494.35	495.45	1.10	6.04
		513.00	513.65	0.65	56.10
		518.50	519.30	0.80	6.94

True widths cannot be accurately determined from the information available therefore core lengths are reported. Intervals not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays.

Table 2: Drillhole Collar Orientations:

HOLE ID	AZIMUTH	DIP
CM-17-067	308	-60
CM-17-068	313	-45.4
CM-17-069	307	-56.5
CM-17-070	140	-55
CM-17-071	313	-41.6
CM-17-072	311	-59.3
CM-17-073	318	-46.2
CM-17-074	140	-60
CM-17-075	312	-54.5
CM-17-076	140	-41.5
CM-17-077	140	-54.3
CM-17-078	310	-45
CM-17-079	310	-55
CM-17-080	315	-55
CM-17-081	315	-55
CM-17-082	310	-44
CM-17-083	310	-45
CM-17-084	310	-55
CM-17-085	310	-54.1
CM-17-086	303	-60.7
CM-17-087	314	-62.7
CM-17-088	310	-48
CM-17-089	317	-53
CM-17-090	310	-45
CM-17-091	313	-60.8
CM-17-093	313	-44.3
CM-17-094	310	-57.2
CM-17-095	310	-45
CM-17-096	308	-50.5
CM-17-097	310	-55
BM-17-001	136	-44.8
BM-17-002	141	-44.9
BM-17-003	139	-45.2
BM-17-004	139	-44.9
BM-17-005	139	-45.1
BM-17-006	110	-44.7
BM-17-007	110	-46.3
BM-17-008	112	-43.9

SOURCE Barkerville Gold Mines Ltd.

on Barkerville Gold Mines Ltd. please contact: Chris Lodder, President & Chief Executive Officer, 155 University Avenue, Suite 1440, Toronto, Ontario, Canada, [email protected]

Related Links

http://www.barkervillegold.com/