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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.


3. Water Monitoring Holes
These holes were drilled as part of the water monitoring program for the Cow Mountain and Barkerville Mountain areas. They are away from any existing resource estimates. As a routine check, all holes are logged and assayed if the rock looks interesting. Highlights from the remaining 22 holes completed in 2011 are given below (see Table 3 for a more detailed list of significant intercepts).

DDH# FROM TO WIDTH Au Ag
FEET METRE g/T oz/t g/T
CMW11-01 125.4 129 3.6 1.1 12.5 0.365 N/A
CMW11-01A 68.4 69.7 1.3 0.4 14 0.408 N/A
74.7 76 1.3 0 5.3 0.155 N/A
CMW11-03 186 190.6 4.6 1.4 4.75 0.139 N/A
235.2 246 10.8 3.3 3.81* 0.111* N/A
Including
235.2 237.3 2.1 0.6 10 0.292 N/A
730.6 734.1 3.5 1.1 18.2 0.531 N/A
CMW11-03A 105.5 125.3 19.8 6.0 5.31* 0.155* 17.5*
CMW11-04 232.6 236.6 4.0 1.2 27.5 0.802 1.6
316 318.5 2.5 0.8 4.95 0.144 N/A
446 456.5 10.5 3.2 2.45 0.071 1.0
BMW11-07 447.2 448.8 1.6 0.5 3.72 0.108 1.2
460.9 462.5 1.6 0.5 16.95 0.494 2.1
490.8 496 5.2 1.6 1.845 0.054 2.5
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.


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 or a splitter at the Company's Lowhee Creek Compound in Wells-Barkerville, central B.C. One-half of the core is put in a plastic sample bag and the remaining half is returned to the core box. A number of these plastic sample bags are placed in the rice bags at the mine site until the rice bags weighs approximately 10 kilograms. The rice bags are transported by BGM's personnel to a shipping company in Quesnel for trans-shipment to ALS Minerals in North Vancouver or Inspectorate Exploration & Services Ltd. in Richmond, B.C. for analysis. Sample preparation and geochemical assaying is done at each lab, 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.

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.


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 117,691.14 hectares, 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. In November 2010, the Company acquired a second permitted mill currently on care and maintenance in Revelstoke, B.C. 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. On December 5, 2011 the Company received under the British Columbia Mines Act, their Mine Permit approving the Mine Plan and Reclamation Program for Bonanza Ledge. The Company has completed significant drilling and exploration programs and together with the historical data is compiling all information to determine geologic models and update mineral resource estimates to continue with exploration and development of the Cariboo Gold Projects.


Table 1. COW MOUNTAIN - SIGNIFICANT INTERCEPTS (values >= 1 g/T)

PAD # DIP DDH# FROM TO WIDTH Au Ag
FEET METRE g/T oz/t g/T
S -44.5 CM11-41 HOLE ABANDONED BEFORE TARGET DUE TO POOR GROUND
-59.6 CM11-42 HOLE ABANDONED BEFORE TARGET DUE TO POOR GROUND
-54.9 CM11-65 126.3 128.9 2.6 0.8 1.203 0.035 N/S
HOLE GOT STUCK AND ABANDONED
-54.4 CM11-65A 147 148.3 1.3 0.4 3.394 0.099 N/S
252.6 256.5 3.9 1.2 23.05 0.672 5.0
267.3 271.8 4.5 1.4 10.2 0.297 1.3
HOLE ABANDONED BEFORE TARGET DUE TO POOR GROUND
T -68.1 CM11-64 130.1 133.5 3.4 1.0 8.206 0.239 N/S
408.6 419.4 10.8 3.3 3.421* 0.100* N/S
including
408.6 413.4 4.8 1.5 7.069* 0.206* N/S
including
408.6 409.6 1.0 0.3 23.54 0.687 1.0
497.3 498.3 1.0 0.3 4.578 0.134 N/S
503.2 507.4 4.2 1.3 1.138 0.033 N/S
516.3 520.6 4.3 1.3 1.225 0.036 N/S
541.3 544.3 3.0 0.9 4.128 0.12 N/S
964.6 970.7 6.1 1.9 20.3 0.592 1.1
Z10 -54.6 CM11-66 311.7 315.8 4.1 1.2 1.219 0.036 N/S
390.8 405.4 14.6 4.5 1.435* 0.042* N/S
926.2 934.8 8.6 2.6 1.079* 0.031* N/S
1170.7 1176.8 6.1 1.9 1.129 0.033 N/S
1227.6 1234.4 6.8 2.1 3.125 0.091 N/S
-65.5 CM11-67 162.3 180.8 18.5 5.6 3.725* 0.109* N/S
537.4 538.4 1.0 0.3 4.872 0.142 N/S
802.1 809.6 7.5 2.3 2.529 0.074 N/S
-52.8 CM11-68 23.4 40.2 16.8 5.1 5.812* 0.170* N/S
HOLE ABANDONED DUE TO CUTTING INTO A SHAFT
-70 CM11-69 32.8 38.9 6.1 1.9 11.62 0.339 N/S
514.8 517.5 2.7 0.8 3.193 0.093 3.2
Z6 -48.6 CM11-70 78.7 108.3 29.6 9.0 3.594* 0.105* N/S
128 137.8 9.8 3.0 1.61 0.047  
HOLE ABANDONED DUE TO POOR GROUND
-50.1 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 6.0 13.51* 0.394* N/S
846.4 851.6 5.2 1.6 1.039 0.03 N/S
-58.9 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
Y4 -44.3 CM11-107 455.5 459.5 4.0 1.2 2.009 0.059 N/S
732.5 748.7 16.2 4.9 3.567* 0.104* N/S
963 983.7 20.7 6.3 3.007* 0.088* N/S
X8 -59 CM11-110 149.1 150.5 1.4 0.4 3.184 0.093 N/A
301.6 303.7 2.1 0.6 1.561 0.046 N/A
330.3 335.3 5.0 1.5 1.515 0.044 N/A
920.7 922.9 2.2 0.7 1.741 0.051 1.8
Z8 -44.3 CM11-111 HOLE ABANDONED DUE TO CUTTING INTO A SHAFT
-70.6 CM11-111A 54.7 61.6 6.9 2.1 2.914 0.085 N/A
HOLE ABANDONED DUE TO CUTTING INTO A SHAFT
X9 -45.6 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
-60.8 CM11-113 99 100.4 1.4 0.4 2.048 0.06 N/A
145 151.1 6.1 1.9 1.508* 0.044* N/A
414 417.2 3.2 1.0 1.601 0.047 N/A
451.2 453.2 2.0 0.6 5.384 0.157 N/A
629 630.1 1.1 0.3 10.41 0.304 2.6
658.9 662.3 3.4 1.0 1.675 0.049 N/A
767.7 773.4 5.7 1.7 2.042 0.06 N/A
786.3 793.6 7.3 2.2 1.545 0.045 N/A
859 864.3 5.3 1.6 4.128 0.12 N/A
-42.4 CM11-114 262.5 266.2 3.7 1.1 1.112 0.032 N/A
376 377 1.0 0.3 1.381 0.04 N/A
388 395 7.0 2.1 2.761 0.081 N/A
HOLE ABANDONED DUE TO CUTTING INTO A STOPE
-58.9 CM11-115 35 48.7 13.7 4.2 2.184* 0.064* N/A
Y -56.1 CM11-116 237.9 239.5 1.6 0.5 4.623 0.135 N/A
865.9 872.2 6.3 1.9 1.012 0.03 N/A
891.5 897.2 5.7 1.7 1.017* 0.030* N/A
903 911.3 8.3 2.5 1.062* 0.031* N/A
938.3 939.6 1.3 0.4 7.402 0.216 1.0
-70.7 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
Y3 -46.2 CM11-118 90.5 93 2.5 0.8 34.92 1.019 1.9
145 153.6 8.6 2.6 5.563* 0.162* N/A
including
150.6 153.6 3.0 0.9 13.32 0.389 2.1
166.3 168.6 2.3 0.7 21.09 0.615 1.0
239.4 245.7 6.3 1.9 1.131 0.033 N/A
256.5 258.9 2.4 0.7 2.666 0.078 2.4
531.5 535.6 4.1 1.2 3.601 0.105 N/A
572.1 573.9 1.8 0.5 2.618 0.076 N/A
673.4 680.9 7.5 2.3 1.618 0.047 N/A
891.6 893.1 1.5 0.5 2.498 0.073 N/A
997.9 999.4 1.5 0.5 3.364 0.098 3.7
1035.8 1038.2 2.4 0.7 5.337 0.156 N/A
-59.7 CM11-119 140.2 141.7 1.5 0.5 12.58 0.367 N/A
176.8 180.5 3.7 1.1 2.973 0.087 N/A
322.2 331.1 8.9 2.7 4.154 0.121 N/A
352.3 355 2.7 0.8 2.126 0.062 N/A
Z -59.3 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
Z1 -46.4 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
-58.6 CM11-129 452.2 460.8 8.6 2.6 4.599* 0.134* N/A
482 487 5.0 1.5 2.451 0.071 N/A
614 617 3.0 0.9 7.157 0.209 1.9
629.3 630.5 1.2 0.4 1.993 0.058 1.0
763 777 14 4.3 1.069* 0.031* N/A
943.2 944.4 1.2 0.4 1.179 1.993 N/A
-46.8 CM11-154 NO SIGNIFICANT ASSAY
HOLE ABANDONED BEFORE TARGET DUE TO CUTTING INTO A STOPE
-53.9 CM11-155 NO SIGNIFICANT ASSAY
HOLE ABANDONED BEFORE TARGET DUE TO CUTTING INTO A STOPE
Z4 -55.4 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
-70 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
Z5 -46.3 CM11-133 128.3 137.4 9.1 2.8 6.129 0.179 N/A
311.5 312.5 1.0 0.3 1.304 0.038 N/S
720.3 721.7 1.4 0.4 7.176 0.209 N/S
731.2 733.4 2.2 0.7 1.516 0.044 N/S
851.4 861.6 10.2 3.1 4.579* 0.134* N/S
936.7 950.9 14.2 4.3 6.225* 0.182* N/A
-60.8 CM11-134 401.1 402 0.9 0.3 43.87 1.279 N/A
610.2 615.5 5.3 1.6 2.378 0.069 N/S
HOLE ABANDONED BEFORE TARGET DUE TO CUTTING INTO A STOPE
-46.5 CM11-135 HOLE ABANDONED BEFORE TARGET DUE TO CUTTING INTO A STOPE
-60.2 CM11-136 HOLE ABANDONED BEFORE TARGET DUE TO CUTTING INTO A STOPE
Z16 -54.8 CM11-141 536.4 537.6 1.2 0.4 26.38 0.77 1.5
547 549.2 2.2 0.7 7.884 0.23 1.1
566.2 567.9 1.7 0.5 20.01 0.584 3.5
HOLE ABANDONED BEFORE TARGET DUE TO CUTTING INTO A STOPE
-64.9 CM11-141A 80.4 85.2 4.8 1.5 2.693 0.079 N/A
265.6 271.3 5.7 1.7 8.333* 0.243* N/A
410.5 413.5 3.0 0.9 2.964 0.086 N/A
570.9 571.5 0.6 0.2 3.167 0.092 N/A
611.1 614.7 3.6 1.1 45.61 1.33 2.2
663.4 666.8 3.4 1.0 20.26 0.591 N/A
716.4 718.6 2.2 0.7 2.725 0.079 1.3
1132 1138.6 6.6 2.0 10.54* 0.307* N/A
including
1137.6 1138.6 1.0 0.3 28.38 0.828 2.7
1293.1 1298.3 5.2 1.6 2.775 0.081 N/A
Y6 -47.9 CM11-142 737 744.8 7.8 2.4 6.999* 0.204* 1.6*
including
743.2 744.8 1.6 0.5 15.85 0.462 6.2
-62.9 CM11-143 543.5 551 7.5 2.3 1.588 0.046 1.9
HOLE ABANDONED BEFORE TARGET DUE TO CUTTING INTO A STOPE
-46.4 CM11-144 375.4 377.8 2.4 0.7 25.54 0.745 4.4
555 559.7 4.7 1.4 1.126 0.033 N/A
585.2 587 1.8 0.5 6.085 0.177 N/A
-60.5 CM11-151 470.3 476.3 6.0 1.8 8.515 0.248 N/A
727 734.8 7.8 2.4 1.61 0.047 N/A
-47.6 CM11-152 345.5 352.6 7.1 2.2 4.882 0.142 N/A
HOLE ABANDONED BEFORE TARGET DUE TO CUTTING INTO A STOPE
-66.3 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
Y5 -44.4 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
-60 CM11-147 647.8 650.9 3.1 0.9 4.612 0.135 N/A
703.6 715.5 11.9 3.6 2.011* 0.059* N/A
811.2 813.1 1.9 0.6 2.707 0.079 N/A
902.9 911.3 8.4 2.6 10.23* 0.298* 3.6*
960.9 963.6 2.7 0.8 15.11 0.441 1.4
1141.3 1143.7 2.4 0.7 7.765 0.226 N/A
1234.1 1238.2 4.1 1.2 1.563 0.046 N/A
-46 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 0.3 7.879 0.23 2.4
-60 CM11-149 95 101.8 6.8 2.1 1.233 0.036 N/A
200 201 1.0 0.3 47.46 1.384 58.1
210 216.7 6.7 2.0 1.188 0.035 N/A
700.3 707 6.7 2.0 1.703* 0.050* N/A
747.7 751.6 3.9 1.2 8.264 0.241 1.6
933.8 935 1.2 0.4 1.182 0.034 1.3
947.7 949.2 1.5 0.5 1.582 0.046 1.0
Z9 -48.5 CM11-150 57 68.1 11.1 3.4 1.919* 0.056* N/A
79.6 87 7.4 2.3 1.092* 0.032* N/A
149.2 150.2 1 0.3 4.445 0.13 N/A
165.4 172 6.6 2.0 6.958 0.203 N/A
846.2 847.6 1.4 0.4 1.178 0.034 6.7
-60 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
Y7 -50.3 CM11-156 256.1 266.4 10.3 3.1 3.316 0.097 1.3
317 320.4 3.4 1.0 6.67 0.195 1.6
-63.1 CM11-157 387 397 10 3.0 4.009 0.117 N/A
730.3 737 6.7 2.0 3.262 0.095 1.6
789.7 795.8 6.1 1.9 1.675 0.049 N/A
Note: N/S - no significant assay; * weighted arithmetic average
All the intercepts described above may not be true width due to the complexity of the area. This issue may be resolved during future 3D geological modeling of the structures.


Assay results of 167 drill holes (141,151.2 feet) were reviewed for this table. A total of 51 holes had significant intercepts. These are the last holes to be assayed from the 2011 drill campaign.

Table 2. BARKERVILLE MOUNTAIN - SIGNIFICANT INTERCEPTS (values >= 1 g/T)

DDH# FROM TO WIDTH Au Ag True
FEET METRE g/T oz/t g/T Width (ft)
BCV11-24 207.0 221.2 14.2 4.3 1.303* 0.038* N/S 11.2
405.0 413.3 8.3 2.5 2.252* 0.066* 1.5 6.5
510.4 512.6 2.2 0.7 1.702 0.050 N/S 1.7
BCV11-25 294.4 297.7 3.3 1.0 1.866 0.054 N/S 3.1
328.8 332.4 3.6 1.1 26.12 0.762 5.9 3.4
377.0 380.4 3.4 1.0 1.138 0.033 N/S 3.2
440.5 447.0 6.5 2.0 1.938 0.057 N/S 6.1
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 1.8
617.0 622.4 5.4 1.6 1.8 0.052 N/S 4.2
BCV11-27 577.0 587.0 10.0 3.0 1.060 0.031 N/S 6.0
BCV11-28 96.0 103.0 7.0 2.1 2.579 0.075 N/S 6.4
300.6 306.2 5.6 1.7 2.568* 0.075* N/S 5.1
399.8 404.5 4.7 1.4 1.470 0.043 1.1 4.3
536.6 540.0 3.4 1.0 7.388 0.215 1.6 3.1
562.1 570.6 8.5 2.6 1.723* 0.050* N/S 7.8
BCV11-29 262.2 270.1 7.9 2.4 8.754 0.255 N/S 6.2
301.7 315.4 13.7 4.2 1.380* 0.040* N/S 10.8
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* 7.1
Note: N/S - no significant assay; * weighted arithmetic average

Assay results of 29 drill holes (30,460.8 feet) reviewed for this table. A total of six holes had significant intercepts. These are the last holes to be assayed from the 2011 drill campaign.

Table 3. WATER MONITORING HOLES - SIGNIFICANT INTERCEPTS (values >= 1 g/T)

PAD # DIP DDH# FROM TO WIDTH Au Ag
FEET METRE g/T oz/t g/T
A -89.4 CMW11-01 125.4 129.0 3.6 1.1 12.5 0.365 N/A
-90.0 CMW11-01A 68.4 69.7 1.3 0.4 14.0 0.408 N/A
74.7 76.0 1.3 0.0 5.30 0.155 N/A
B -86.8 CMW11-02 No Significant (> & = 1.0 g/T Au) Assay
C -88.8 CMW11-03 186.0 190.6 4.6 1.4 4.75 0.139 N/A
235.2 246.0 10.8 3.3 3.81* 0.111* N/A
Including
235.2 237.3 2.1 0.6 10 0.292 N/A
730.6 734.1 3.5 1.1 18.2 0.531 N/A
-88.6 CMW11-03A 105.5 125.3 19.8 6.0 5.31* 0.155* 17.5*
-87.3 CMW11-03B No Significant (> & = 1.0 g/T Au) Assay
-86.1 CMW11-03C 188.6 190.2 1.6 0.5 4.42 0.129 N/A
D -86.9 CMW11-04 232.6 236.6 4.0 1.2 27.5 0.802 1.6
316.0 318.5 2.5 0.8 4.95 0.144 N/A
446.0 456.5 10.5 3.2 2.45 0.071 1.0
-89.1 CMW11-04A No Significant (> & = 1.0 g/T Au) Assay
E N/A CMW11-11 N/A (hole abandoned)
F -90 CMW11-12 No Significant (> & = 1.0 g/T Au) Assay
G -89.0 CMW11-13 No Significant (> & = 1.0 g/T Au) Assay
H -87.4 BMW11-06 No Significant (> & = 1.0 g/T Au) Assay
-88.0 BMW11-06A ASSAY PENDING
I -88.4 BMW11-07 447.2 448.8 1.6 0.5 3.720 0.108 1.2
460.9 462.5 1.6 0.5 16.95 0.494 2.1
490.8 496.0 5.2 1.6 1.845 0.054 2.5
-89.3 BMW11-07A 849.7 852.1 2.4 0.7 1.585 0.046 N/A
884.6 885.6 1.0 0.3 1.285 0.037 N/A
J -87.6 BMW11-08 587.6 588.6 1.0 0.3 3.750 0.109 N/A
600.9 605.3 4.4 1.3 4.330 0.126 N/A
-88.5 BMW11-08A No Significant (> & = 1.0 g/T Au) Assay
K -87.5 BMW11-09 No Significant (> & = 1.0 g/T Au) Assay
-90 BMW11-09A No Significant (> & = 1.0 g/T Au) Assay
L -90 BMW11-10 No Significant (> & = 1.0 g/T Au) Assay
M -90 BMW11-10A No Significant (> & = 1.0 g/T Au) Assay
Note: N/S - no significant assay; * weighted arithmetic average
All the intercepts described above may not be true width due to limited information. This issue may be resolved during future 3D geological modeling of the structures.


Assay results of 22 drill holes (11,594.0 feet) were reviewed for this table. These are the last holes to be assayed from the 2011 drill campaign.


On behalf of the Board of Directors

"Jack Miller"

Jack Miller
Acting CEO

Tel: (604) 669 -- 6463



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*please refer to cautionary note