ACE
Location:
Canada, British Columbia
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Property NewsNovember 27, 2009 Barker Minerals Ltd. 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. 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. October 16, 2009 Barker Minerals Ltd. reports that it has filed on SEDAR a National Instrument 43-101 Technical Report on its 100% owned Ace and Simlock Gold projects. The report includes $5,500,000 and $2,270,000 of recommended phase 1 programs on the Ace and Simlock projects respectively. The Ace and Simlock properties are adjacent to one another and are located in the Cariboo Mining District of British Columbia, Canada. The projects are approximately 100 km northeast of Williams Lake, with excellent access and infrastructure nearby. High grade gold potential has been identified on the Simlock Project by previous exploration programs which includes a 4.1 metre wide silicified zone averaging 1.18 oz/ton gold, which also includes 2.28 oz/ton gold over 1.6 metres. Previous exploration programs on the Ace project have identified numerous gold related drill targets through geological, geochemical and detailed geophysical surveys, within an envelope of gold bearing quartz float boulders over a strike length of 8 km x 2 km wide. A composite sample of 53 widespread sulphide bearing quartz vein boulders averaged 3.1 g/t gold with individual values ranging from .25 g/t up to 29 g/t.
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