PRINCE GEORGE BC(Commodity Online):Barker Minerals Ltd. (“BML” on TSX/V) has announces that in consideration of its seasonal accessibility, it has begun preparations for a 900 metre exploratory drilling program on its Mag Gold project which is located 35 kilometres southeast of Quesnel, British Columbia.
The Mag Gold project is ideally situated with excellent year round access and strong infrastructure and is also located in the prolific Quesnel Trough mining district of B.C.
Some portions of the property are underlain mainly by a >10km long north-west trending magnetic feature with strong discrete anomalies within it. The magnetic feature shoulders a Cretaceous aged intrusive varying from biotite hornblende monzonite to granodiorite. Another phase consisting of leucocratic fine grained granite was also identified nearby.
Very little exploration work has occurred on the Mag project with only minor ground magnetic, geochemical soil and heavy mineral stream sediment surveys being conducted in 1987 by a previous operator. The magnetic survey confirmed the airborne anomaly and all three heavy mineral samples draining the Mag target area identified gold values from 875 ppb (.875 grams per ton) to 4600 ppb (4.6 grams per ton).
Subsequent field and laboratory verification studies by the B.C. Geological Survey in 2001 confirmed the presence of significant concentrations of gold and PGEs in the Quesnel River drainage concentrates, and also recognized a new platinum occurrence in the Black Bear project area. Concentrations of PGEs and gold in the Quesnel River concentrates from this study were up to 2,489 ppb Pt (2.49 g/p/t) and 259,000 ppb (259 g/p/t) gold from fire assay analysis.
Barker Minerals Ltd. , a private company founded in 1993, since then the Company has invested more than $10.0 million exploring in this previously unrecognized highly mineralized district. The properties are located along the southern extension of the historic Cariboo Placer Gold District in East-Central British Columbia, Canada.
