Fri Nov 27, 2009 Barker Minerals Reports Successful Results from Natural Resources Canada Mountain Pine Beetle EM/Mag Airborne Survey
For immediate release
Barker Minerals Reports Successful Results from Natural Resources Canada Mountain Pine Beetle EM/Mag Airborne Survey
Prince George, B.C., November 27, 2009 -- Barker Minerals Ltd. ("BML" on TSX/V) (the "Company") is pleased to report that results have recently been released from a Geological Survey of Canada Electromagnetic (EM) and Magnetic Airborne Survey (The Cariboo Lake EM/Mag Survey) which identified significant positive results over Barker's Gold, Diamond and VMS project areas. The survey was supported by Natural Resources Canada and fully funded through the Mountain Pine Beetle program to assist in increasing the understanding of the most economically prospective rocks in British Columbia and what the best tools are to explore them. The results allow industry to target areas identified as having mineral deposits, thereby reducing financial risk.
The survey was completed on 200 metre line spacing. More detailed 100 metre line spacing coverage was completed over the Frank Creek and Ace project areas in order to be used as a template to identify other areas with similar potential. The survey area covered more than 80% of Barker's project areas. A soon to be released Natural Resources Canada Pine Beetle sponsored Radiometric/Mag Airborne survey over Barker's western project areas covers the remaining 20% of the vast Barker project areas and overlaps with the EM/Mag survey.
Barker's 100% owned mineral properties are located in the Cariboo Mining District of British Columbia approximately 80 km northeast of Williams Lake where they host excellent access and infrastructure and year round drilling can be undertaken if desired.
The survey was successful in identifying numerous VMS, Lode Gold, PGE and Diamond target areas over Barker's vast property holdings. The survey confirmed known mineralization and trends, located extensions of the trends, and identified numerous previously unknown target areas with high potential in favourable geological environments. One of the most prominent magnetic features over the survey area is a cluster of fifteen moderate to high strength circular anomalies which appear to be a cluster of mantle pipes. Bedrock samples from 3 such areas returned highly positive results in diamond indicator analysis.
As a result of the success of the Cariboo Lake survey, and most attention being paid by explorers to the Quesnel Trough, Barker was able to stake highly prospective open ground along the Frank Creek and Ace geological and mineralized trends. Five new project areas with clusters of anomalies were staked adding a total of approximately 15,077 hectares (37,256 acres) to Barkers large 144,813 hectares (357,842 acres) property package.
The survey results supports the Company's geological and deposit models, which is that of being near a subduction zone where the formation of a number of different economic deposit types could occur. The results of the survey will be further interpreted and then summarized in subsequent news releases on a project by project basis.
Previous Geoscience airborne surveys in the region have been focused on the Quesnel Terrane in search of porphyry copper/gold deposits. The recent EM/Mag airborne survey was completed east of the Quesnel Trough, in the Barkerville Terrane. The Barkerville Terrane correlates with the Yukon Tannana Terrane which hosts significant Lode Gold and Polymetallic VMS deposits in Yukon and Alaska. Diamonds have been found in both the Yukon and Alaska placer gold operations.
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.
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 26 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 with permits in place for 4 projects with planned programs for 2009 as financing conditions permit. Programs are also planned to further the significant discoveries of mineralization on the Company's Frank Creek VMS and Kangaroo Gold projects.
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 CONTACT:
Louis E. Doyle, President & CEO
Barker Minerals Ltd.
Tel: (250) 563-8752
Fax: (250) 563-8751
Robert H. Kuhl
Barker Minerals Ltd.
Tel: (604) 321-0709
Fax: (604) 321-0719
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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