Barker Minerals issued a press release Oct. 3 that reported drill results on the 2012 Providence drilling program on its Black Bear projects, 74 kilometres northeast of Williams Lake.
A drill program was undertaken to test for shallow extensions of the high grade silver, gold and lead vein mineralization exposed in outcrop.
Three holes have been completed to date with BB12-06 drilled to a depth of 90.5 metres, BB12-07 to a depth of 309.14 metres and BB12-08 is at a depth of 340 metres.
On July 30, Barker announced the initial gold and gold pathfinder elements on BB12-07 from an internal handheld XRF study.
After careful consideration and in order to comply with timely disclosure rules Barker chose to issue these results in advance of fire assay lab results as there were consistently high gold and gold pathfinder mineral readings.
Not only were the readings on both counts high, they were also consistently frequent. Had these frequently high readings subsequently been verified by the lab, the XRF data would have been construed as material information, the press release noted.
As the XRF readings were taken in advance of, or together with the core logging, a time lag was created from the time XRF readings were taken and the fire assay results were received and ultimately reported.
The company reports that low order gold values occurred over these same sections of drill core when subsequently analyzed by fire assay.
The lab analysis, however, has confirmed that the important suite of gold pathfinders elements arsenic (As), antimony (Sib), selenium (Se), tellurium (Te), bismuth (Bi), thallium (Tl) and tungsten (W) are widely dispersed in elevated levels, individually or associated in various combinations throughout most of the 90.5 metres of BB12-06 and 309.14 metres of BB12-07.