BGM Intersects 24.16 G/t Au Over 14.55 Meters on Island Mountain

2018 DRILL RESULTS ALSO INCLUDE INTERSECTION OF 14.69 G/T AU OVER 15.80 METERS

TORONTO, April 11, 2018 /CNW/ - Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") is pleased to announce drilling results from the 50,000-meter 2018 Island Mountain exploration and delineation 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. True widths are estimated to be 50 to 75% of reported core length intervals. The Company currently has seven drill rigs exploring and delineating mineralized vein corridors on Island Mountain. An eighth drill rig is exploring regional targets 6 km south east of Barkerville Mountain.

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

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

Drilling Highlights

• IM-18-001: 101.98 g/t Au over 2.15 meters
• IM-18-001: 7.65 g/t Au over 10.60 meters
• IM-18-005: 14.69 g/t Au over 15.80 meters
• IM-18-006: 10.87 g/t Au over 6.00 meters
• IM-18-006: 24.16 g/t Au over 14.55 meters
• IM-18-009: 52.65 g/t Au over 2.50 meters
• IM-18-010: 19.64 g/t Au over 3.85 meters
• IM-18-019: 11.35 g/t Au over 6.30 meters
• IM-18-022 34.57 g/t Au over 4.20 meters

Vein Zone Continuity on Island Mountain

The 2018 drill program at Island Mountain is designed to infill and expand known vein corridors on the property. Continuity and extensions of mineralized vein corridors on Island Mountain is demonstrated from recent results. Island Mountain hole IM-18-006 intersected 24.16 g/t Au over 14.55 meters, 140 meters up dip of IM-18-019 that assayed 11.35 g/t Au over 6.30 meters. These intercepts are within and adjacent to modelled vein corridors. IM-18-005 intersected 14.69 g/t Au over 15.80 meters, 35 meters up dip from a modelled vein corridor and IM-18-010 that assayed 19.64 g/t Au over 3.85 meters.

Corridors Discussion

Mineralized quartz veins on the Cariboo Gold Project 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 the vein corridors Island Mountain proposes 64 mineralized vein corridors. These vein corridors have 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 at 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 mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville's Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company's Brownfield's exploration team is focused on developing and delineating a mineable resource within the 7 kilometers of principle project area located near the town of Wells, British Columbia.  The Company's Greenfield's team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration.  The operation's team is focused on developing and mining the Bonanza Ledge and BC Vein deposits on Barkerville Mountain.  This operation allows the company to generate near term cash flow, train a local work force, keeps the present mining permit active, and de-risk's the project through staged production growth.  Processing of material from these deposits is processed at the QR mill.  QR is a fully owned, permitted mill and tailings facility, located approximately 110 kilometres away from Wells, and can be accessed by an all-season road.

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 Island Mountain

HOLE ID		FROM	TO	CORE LENGTH (M)	AU (G/T)
IM-18-001		64.75	67.90	3.15	5.52
	INCLUDING	64.75	65.35	0.60	12.65
		139.20	139.70	0.50	21.00
		144.70	145.90	1.20	5.74
		191.30	194.35	3.05	4.52
	INCLUDING	191.30	192.30	1.00	7.96
	AND	193.35	194.35	1.00	5.74
		348.45	350.60	2.15	101.98
	INCLUDING	348.45	349.10	0.65	18.50
	AND	350.00	350.60	0.60	345.00
		372.85	373.55	0.70	6.42
		378.15	388.75	10.60	7.65
	INCLUDING	378.15	378.90	0.75	48.60
	AND	382.10	383.30	1.20	12.30
	AND	385.05	385.65	0.60	7.80
	AND	387.60	388.75	1.15	8.45
		397.35	397.85	0.50	37.50
		412.75	414.25	1.50	6.71
IM-18-002		66.60	67.10	0.50	6.69
		136.85	138.00	1.15	11.10
		158.50	160.00	1.50	15.50
		210.90	212.20	1.30	28.60
		255.25	256.00	0.75	7.32
IM-18-003		68.20	70.40	2.20	6.35
	INCLUDING	68.20	69.15	0.95	8.57
	AND	69.90	70.40	0.50	10.80
		132.20	132.90	0.70	20.70
		140.85	141.35	0.50	10.25
		160.00	161.00	1.00	7.70
		218.50	219.35	0.85	4.80
IM-18-004		42.00	42.60	0.60	5.11
		68.40	69.65	1.25	10.85
		92.60	93.20	0.60	5.21
		122.80	125.35	2.55	9.11
	INCLUDING	123.30	124.80	1.50	11.75
		137.50	138.50	1.00	8.12
		141.85	142.35	0.50	4.32
		156.85	158.15	1.30	29.10
IM-18-005		36.70	37.20	0.50	23.70
		38.30	39.00	0.70	29.40
		42.50	44.50	2.00	6.51
		42.50	43.00	0.50	3.84
		44.00	44.50	0.50	20.30
		51.50	52.15	0.65	10.20
		57.95	59.00	1.05	39.00
		121.00	121.80	0.80	11.00
		162.90	178.70	15.80	14.69
	INCLUDING	162.90	164.00	1.10	7.46
	AND	164.00	164.50	0.50	199.00
	AND	168.05	168.95	0.90	59.70
	AND	169.50	171.00	1.50	22.70
	AND	174.40	174.90	0.50	17.35
	AND	178.00	178.70	0.70	16.75
		193.85	194.40	0.55	31.30
		196.20	197.00	0.80	11.60
IM-18-006		99.00	105.00	6.00	10.87
	INCLUDING	99.00	100.00	1.00	7.51
	AND	101.00	101.50	0.50	45.00
	AND	103.30	103.80	0.50	17.45
	AND	103.80	104.30	0.50	35.10
		116.00	117.50	1.50	18.15
		162.00	162.50	0.50	7.26
		175.00	176.00	1.00	5.91
		182.20	196.75	14.55	24.16
	INCLUDING	182.20	183.00	0.80	63.40
	AND	186.60	187.20	0.60	75.10
	AND	187.20	188.00	0.80	33.50
	AND	194.10	195.00	0.90	17.45
	AND	195.00	196.00	1.00	164.00
	AND	196.00	196.75	0.75	11.50
		248.00	248.90	0.90	14.10
		282.00	283.40	1.40	9.61
		291.00	291.50	0.50	6.77
		297.00	298.50	1.50	4.66
	INCLUDING	298.00	298.50	0.50	6.74
IM-18-006-1		183.50	184.00	0.50	11.90
		187.80	191.50	3.70	25.96
	INCLUDING	189.65	190.40	0.75	59.70
IM-18-007		238.00	239.05	1.05	6.95
IM-18-008		55.00	55.50	0.50	5.00
		149.10	150.50	1.40	9.91
		319.75	320.25	0.50	9.50
IM-18-009		43.75	46.25	2.50	52.65
	INCLUDING	44.25	45.75	1.50	85.60
		51.10	51.85	0.75	11.75
		57.10	58.00	0.90	5.78
		68.50	69.00	0.50	4.74
		80.95	81.50	0.55	8.32
		94.15	95.30	1.15	16.70
		96.70	97.30	0.60	18.25
		200.95	201.50	0.55	7.10
		269.30	270.15	0.85	12.45
		277.40	278.10	0.70	8.27
		406.00	407.40	1.40	4.76
IM-18-010		17.70	20.20	2.50	44.66
	INCLUDING	17.70	18.20	0.50	166.50
	AND	18.20	18.80	0.60	28.60
		140.75	141.85	1.10	10.70
		185.00	186.40	1.40	5.80
		215.60	219.45	3.85	19.64
	INCLUDING	215.60	216.15	0.55	18.10
	AND	217.95	218.45	0.50	41.90
	AND	218.45	219.45	1.00	35.30
		249.90	250.40	0.50	22.00
		269.00	269.55	0.55	32.60
		279.40	279.90	0.50	4.92
		289.85	291.00	1.15	4.65
		299.65	300.15	0.50	4.30
IM-18-011	NO SIGNIFICANT ASSAYS
IM-18-012		107.25	107.75	0.50	41.60
		194.30	197.20	2.90	26.13
	INCLUDING	195.00	196.00	1.00	44.90
		228.50	229.00	0.50	89.90
		233.90	234.50	0.60	88.60
		237.35	237.90	0.55	21.60
IM-18-013		104.50	105.95	1.45	14.90
IM-18-014		97.25	99.00	1.75	9.04
		116.00	116.60	0.60	16.55
		342.00	342.85	0.85	7.46
		387.00	388.35	1.35	5.50
	INCLUDING	387.85	388.35	0.50	7.99
IM-18-015		415.40	416.75	1.35	17.00
IM-18-016		132.75	135.30	2.55	24.58
	INCLUDING	132.75	133.75	1.00	9.09
	AND	134.25	135.30	1.05	51.00
		150.00	151.25	1.25	8.66
		222.00	224.25	2.25	9.31
		285.50	286.00	0.50	10.90
		313.05	313.90	0.85	7.63
		326.35	327.50	1.15	5.09
IM-18-017		46.30	47.20	0.90	17.95
IM-18-018		15.50	17.10	1.60	5.40
		43.00	43.70	0.70	14.10
		145.45	147.75	2.30	25.94
	INCLUDING	147.00	147.75	0.75	67.00
		152.30	152.80	0.50	26.70
		177.20	177.70	0.50	22.90
		289.85	290.50	0.65	22.00
		302.40	303.05	0.65	7.64
		315.70	316.45	0.75	7.95
		341.50	343.00	1.50	5.45
IM-18-019		23.50	24.55	1.05	53.70
		69.00	70.50	1.50	8.93
		124.40	125.00	0.60	10.35
		129.25	131.25	2.00	12.04
	INCLUDING	129.25	130.10	0.85	14.80
	AND	130.60	131.25	0.65	12.50
		311.10	317.40	6.30	11.35
	INCLUDING	311.10	312.00	0.90	38.70
	AND	313.55	314.20	0.65	19.85
	AND	314.20	314.70	0.50	29.50
	AND	316.70	317.40	0.70	7.69
		329.00	329.85	0.85	22.90
		339.80	340.30	0.50	13.05
		364.50	365.00	0.50	18.75
		408.20	414.75	6.55	5.98
	INCLUDING	408.20	408.70	0.50	24.60
	AND	411.00	411.55	0.55	6.50
	AND	413.00	414.00	1.00	11.20
	AND	414.00	414.75	0.75	10.45
IM-18-020		97.30	98.20	0.90	9.26
IM-18-021		108.60	112.00	3.40	19.45
	INCLUDING	108.60	109.20	0.60	5.29
	AND	111.00	112.00	1.00	61.10
IM-18-022		134.50	136.00	1.50	16.55
		145.00	147.65	2.65	12.03
	INCLUDING	145.00	145.50	0.50	32.80
	AND	147.00	147.65	0.65	21.10
		160.90	165.10	4.20	34.57
	INCLUDING	162.00	162.60	0.60	139.50
	AND	162.60	164.00	1.40	33.50

True widths are estimated to be 50 to 75% of reported core length intervals. 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
IM-18-001	131	-54
IM-18-002	142	-46
IM-18-003	149	-45
IM-18-004	151	-45
IM-18-005	140	-52
IM-18-006	124	-50
IM-18-006-1	124	-50
IM-18-007	127	-57
IM-18-008	135	-45
IM-18-009	134	-50
IM-18-010	143	-48
IM-18-011	135	-53
IM-18-012	148	-51
IM-18-013	121	-65
IM-18-014	134	-54
IM-18-015	130	-51
IM-18-016	146	-60
IM-18-017	140	-59
IM-18-018	130	-54
IM-18-019	131	-61
IM-18-020	137	-55
IM-18-021	140	-61
IM-18-022	129	-67

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/