Tue Dec 2, 2003 Barker Updates Exploration Program and Defines Drill Target on Rollie Project
Barker Updates Exploration Program and Defines Drill Target on Rollie Project
Vancouver, B.C., December 2, 2003 -- Barker Minerals Ltd. (the "Company": BML - TSX/V) President and CEO, Louis Doyle is pleased to provide an update summary on the Company's Rollie Project, a massive sulphide prospect located in the Cariboo mining district. The project area also has potential for discovery of gold and silver vein-style mineralization.
Rollie Project Summary
The project's eastern boundary adjoins the Company's Frank Creek and SCR massive sulphide project areas and is located in the Cariboo mining district near the community of Likely, in east-central B.C. The project area hosts a mineralized occurrence (MINFILE 093A 163) that has been recently identified by B.C. government geologists as a Besshi-type massive sulphide occurrence.
During 2003, geological mapping was completed along a 150 metre-long section of roadside outcrops in the immediate vicinity of the mineralized zone, and mapping was also carried out over a wider, two kilometre long area to the southwest and northeast of the showing. Eighteen rock samples were taken for lithogeochemical analysis and assays as well as for petrographic study. This work has defined a target for diamond drilling in the next phase of exploration.
The showing consists of a 10 to 15 metre long by 1.5 metre wide zone of gossanous sedimentary rocks that contains a 1.5 by 3.0 metre wide zone of heavily disseminated to semi-massive sulphides comprising up to 50% pyrite, pyrrhotite, arsenopyrite and chalcopyrite.
The mineralization is hosted by greenish-grey, siliceous altered phyllite. The sulphides are present in varying amounts up to 40-50 % over the entire 7 metre-long outcrop immediately adjacent to the road. A second mineralized occurrence of similar appearance lies 85 metres to the southwest of the main showing but is poorly exposed. Sampling from previous programs and the 2003 program returned copper values up to 0.3 %. This zone will become the initial focus of the next phase of exploration on this project.
Previous exploration in the general vicinity of the Rollie project included geochemical and geophysical programs and diamond drilling of 7 holes comprising 1,033 metres. The past programs along with current work have identified an area for follow-up exploration starting with diamond drilling of the roadside target.
Of interest is a large well-mineralized boulder found immediately northeast of the Rollie Creek bridge. This metre-size boulder consists of coarse sandstone containing a vein about 20 cm wide of massive pyrrhotite-pyrite-chalcopyrite-galena-sphalerite. Although the boulder has been transported, its location adjacent to Rollie Creek suggests that it was carried down that drainage, making the Rollie Creek area a good prospecting target. A chip sample of the sulphide vein returned values of 4 % copper, 0.4 % lead, 0.3 % zinc and 63.5g/t silver.
Encouraging results from the Rollie project, along with the previous identification of massive sulphide occurrences on the Ace, Frank, and SCR projects, underscores the potential for discovery of polymetallic massive sulphide mineralization in the Barkerville Terrane.
Gold and Silver Potential
The presence of previously reported gold-silver-bearing veins in the Rollie project area, together with its favourable geology and proximity to important placer gold producing drainages such as Keithley Creek, also make the Rollie project area a prospective precious metal exploration target.
A qualified person under National Instrument 43-101 has verified the data contained in this news release.
The Company also reports that it has allocated 200,000 options to its directors, senior officers, employees and consultants pursuant to its option plan, each option being exercisable into one common share of the Company at $0.25 per share for a period of five years. The issue of the foregoing options is subject to the approval of the TSX Venture Exchange.
Ore Systems Consulting to Provide Geological Report
The Company also reports that a geological study of the Frank Creek and Ace massive sulphide prospects by Ore Systems Consulting will soon be completed. President Louis Doyle states, "the results of these studies will have direct implications for the next phases of exploration on the Ace and Frank Creek projects and the potential of these areas to host massive sulphide mineralization". Dr. Tim Barrett and Dr. Wallace MacLean of Ore Systems Consulting have previously worked on many volcanic-associated massive sulphide deposits in Canada and overseas, including deposits of the Noranda and Matagami camps of Quebec, the Timmins area of Ontario, the Cordillera of British Columbia, and deposits in Alaska, Sweden, Wales, Portugal and the Philippines. They have published numerous research papers on these deposits, and also completed many private reports for mining exploration companies.
Barker Minerals will integrate the new results with known geophysical and soil-geochemistry anomalies on the Frank Creek and Ace projects property in order to select high-priority drilling targets.
Barker Minerals Ltd. is a mineral exploration company focused on the discovery of economic precious and base metal mineral deposits. Barker beneficially owns a 100% interest in 18 projects comprised of approximately 4,275 mineral claim units (approximately 264,099 acres) located in the Cariboo Mining District of east central British Columbia.
For Further Information contact: Louis E. Doyle
Barker Minerals Ltd.
Tel: (604) 530-8752
Fax: (604) 530-8751