Fri Apr 13, 2012 Barker Reports 3.8 g/t Gold over 22.45 Metres at Frank Creek
For Immediate Release
Barker Reports 3.8 g/t Gold over 22.45 Metres at Frank Creek
Prince George, B.C., April 13, 2012 -- Barker Minerals Ltd. ("BML" on TSX/V) (the "Company") is pleased to report further results on the near surface gold discovery on its 100% owned Frank Creek volcanogenic massive sulphide (VMS)/Gold project announced on February 24 2012. (BM-12-201) Infill sampling and analysis on drill hole FC11-03 identified a significant 22.45 metre wide zone from 13.0 metres to 35.45 metres which assayed 3.8 grams per ton (g/t) gold (0.11 oz/t). Within this zone concentrations of 4.95 g/t gold (0.14 oz/t) occurred over 14.95 metres from 13.0 metres to 27.95 metres. Narrow higher grade intervals within the 22.45 metres include *41.4 g/t gold over 0.15 metres (1.20 oz/t) between 26.5 metres -- 26.65 metres.
Individual assays between 13.0 metres -- 35.14 metres can be viewed on the following link. (FC11-03 Gold Results) The project is located in the Cariboo Mining District of British Columbia approximately 77 km northeast of Williams Lake B.C. and hosts excellent access and infrastructure. (Location Map)
FC11-03 Gold Results (Uncut)
Au - Grams
Drill hole FC11-03 was drilled across the stratigraphic horizon with true width and gold grades yet to be determined by follow up drilling of the gold enriched zone further across the stratigraphy, along strike and at depth.
The new discovery indicates the potential exists for an economic gold deposit at Frank Creek which is also supported by historic placer gold found within 500 metres of the new discovery, a significant untested gold geochemical anomaly between the discovery area and the placer workings, favorable geology and alteration, five historic drill holes within 800 metres of FC11-03 intersected broad zones of highly anomalous gold and the presence of favorable geochemical associations or gold pathfinder minerals.
The Company is planning to follow up on this exciting new gold discovery in the 2012 field season.
The drill core was logged and sampled with the mineralized sections cut in half and sent to AGAT Labs in Burnaby B.C. All samples reported in this news release were analyzed by the Aqua Regia ICP-MS method and for gold by fire assay method with a gravimetric finish. Gold values reported are uncut.
*BM-12-201 reported that in drill hole FC11-03 26.4 g/t gold occurred over the 0.15 metre intercept from 26.5 metres -- 26.65 metres by regular fire assay method. For analysis method uniformity the same 0.15 metre sample was re-analyzed by fire assay method with a gravimetric finish which returned 41.4 g/t gold.
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.
Louis E. Doyle
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 the 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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