Thu Apr 19, 2012 Barker Reports 6.98 oz/t Silver over 4.22 Metres and 18.6 oz/t Silver over 1.72 Metres on its Black Bear Silver/Gold/Lead Project and that 2012 Drilling is set to Begin
For Immediate Release
Barker Reports 6.98 oz/t Silver over 4.22 Metres and 18.6 oz/t Silver over 1.72 Metres on its Black Bear Silver/Gold/Lead Project and that 2012 Drilling is set to Begin
Prince George, B.C., April 19, 2012 -- Barker Minerals Ltd. ("BML" on TSX/V) (the "Company") is pleased to report assay results from drill hole BB11-02 which was previously announced in BM-11-194 and BM-11-198. Significant results include 240 g/t silver or 6.98 oz/t silver over 4.22 metres from 1.98 metres to 6.70 metres including 638 g/t silver or 18.6 oz/t silver over 1.72 metres from 1.98 metres to 3.70 metres. The initial drill holes were part of a 43-101 recommended 900 metre drill program focussing on the high grade mineralization exposed in bedrock. 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)
The footwall rocks, immediate to the mineralized vein, intersected in BB11-02 returned highly anomalous values of silver suggesting that the Providence target be evaluated for lower grade bulk tonnage mineralization between and around the veins, as well as for narrow high grade mineralization in the veins themselves.
Drill Hole BB11-02 Assay Results
Silver - Grams
Gold - Grams
*True width is unknown and is yet to be determined
Three parallel veins are known to exist through previous exploration at the Providence target and a .60 metre wide vein was recently exposed by Barker while preparing new drill pads in late 2011. A grab sample of the 2011 exposed vein mineralization returned values of 1364 g/t or 39.77 oz/t silver and 21.0% lead.
A historic exploration program had a total of 410 soil samples collected on the Black Bear project with strongly anomalous values of up to 7,500 ppm lead and 66 g/t silver occurring over an extension of the main zone where the most prominent vein was traceable for 200 metres.
The number of veins and their size dimensions at the high grade Providence target are yet to be determined through future drill programs. The work programs completed to date provide compelling targets for follow up drilling.
2012 Drilling to Begin at Black Bear Project
Due to the exciting new gold discovery at Frank Creek recently announced on April 13, 2012, BM-12-204 and the initial results reported from the Black Bear 2011 drilling, the company has re-prioritized its 2012 drill plans. The Company will now focus on the Black Bear and Frank Creek projects in 2012 and will re-schedule the initial planned drilling at the Mag gold project for a later date. The Company is now in the process of continuing the recommended drill program on the Providence target on the Black Bear silver/gold project which was suspended late last winter due to higher than normal snowfall.
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. Silver values reported are uncut and were analyzed by fire assay with a gravimetric finish.
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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