Gold results must wait again! (NR)
posted on
May 17, 2011 12:07PM
Potentially important discoveries have been made at the Frank Creek (VMS/Gold), Kangaroo (Gold), Black Bear (Gold/Silver) and Tasse projects (Positive Diamond Indicators).
Barker Updates on its Black Bear Silver/Lead/Gold Project
Prince George, British Columbia CANADA, May 17, 2011 /FSC/ - Barker Minerals Ltd. (BML - TSX Venture), reports it is still awaiting the analytical gold results from the previously announced 2010 two thousand metre trenching program on its silver/gold/lead Black Bear project. (see BM-10-163: http://www.barkerminerals.com/s/NewsReleases.asp?ReportID=423665&_Type=Company-News&_Title=Barker-Begins-Exploration-on-its-Blackbear-SilverGold-Project ; BM-10-168: http://www.barkerminerals.com/s/NewsReleases.asp?ReportID=433860&_Type=Company-News&_Title=Barkers-Trenching-Discovers-Quartz-Vein-Mineralization-in-10-of-12-Target-A... ; and BM-11-176: http://www.barkerminerals.com/s/NewsReleases.asp?ReportID=449644&_Type=Company-News&_Title=Barkers-Trenching-Exposes-High-Grade-Silver-Mineralization-in-10-Target-Are . The 100% owned project on China Mountain is located 74 km northeast of Williams Lake, in the Cariboo region of British Columbia. The project has excellent access and infrastructure nearby. (Black Bear Location map: http://www.barkerminerals.com/bb/bb-location.jpg )
Significant levels of tellurium, up to 700 parts per million, (PPM) were detected in most of the Black Bear samples associated with high silver values. Tellurium can interfere with the fire assay process for gold unless procedures are undertaken to eliminate that potential for interference. In order to report reliable and repeatable results it was determined that the samples should be subject to a roasting process to remove the tellurium from the samples before analyzing for gold by the fire assay method. Results will be reported once received from the lab.
The primary target on the Black Bear project is high grade silver. If gold is determined to exist in economic concentrations associated with the high grade silver mineralization it would be a welcome by-product and only enhance the overall economic potential of the project.
Historic gold assays, from production by the former operators of the Providence Mine on China Mountain, and an independent consultant, ranged from .01 g/t up to 7.6 g/t (.22 troy oz/t)
The scientific and technical information contained in this news release was prepared under the supervision of Rein Turna, B.Sc., P.Geo. the Company's "qualified person" under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
About Barker Minerals Barker Minerals is advancing exploration on its mineral properties in the Cariboo Gold District, one of the most mineralized belts in British Columbia. The Company has more than 20 projects on its exploration properties, all of which are 100% owned by Barker Minerals. Eight projects have drill-ready gold and/or massive sulphide targets.
Certain statements in this press release may be considered forward-looking information, including those relating to "plans" of the Company. Such information involves known and unknown risks, uncertainties and other factors -- including the availability of funds, the results of financing and exploration activities, the interpretation of drilling results and other geological data, project cost overruns or unanticipated costs and expenses and other risks identified by the Company in its public securities filings -- that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
FOR FURTHER INFORMATION PLEASE VISIT OUR WEBSITE WWW.BARKERMINERALS.COM OR CONTACT:
Louis E. Doyle Robert H. Kuhl Tel: (250) 563-8752 Tel: (604) 321-0709 Fax: (250) 563-8751 Fax: (604) 321-0719 barker@telus.net bmls@shaw.ca www.barkerminerals.com