Barker Minerals Ltd. - Exploration Update and Option Grants
Prince George, British Columbia (FSCwire) - Barker Minerals Ltd. (“BML” on TSX/V) (“Barker” or the “Company”) reports that during the past season it has conducted numerous geochemical sampling programs on its Frank Creek, Mag, Kangaroo, Simlock, Ace, Black Bear and Tasse projects. All of the projects are 100% owned by the Company and have excellent access and infrastructure nearby. These programs will aid in identifying the most promising areas for future follow up exploration.
Exploration activities include following up of previous exploratory soil and rock sampling results where results of such programs demonstrated above normal levels of base metals and pathfinder minerals for gold and VMS deposits. Other target areas for sampling are in areas of logging road building, or in areas where actual logging activities occur, once completed. A summary of this season’s results will be provided as sampling and analysis is completed and compiled in the database for the season.
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.
Option Grants and Re-issue of Options
The Company also announces the granting, under its stock option plan, of 27,790,000 incentive stock options to consultants, employees, officers, contractors and directors of the Company of which 20,770,000 replace incentive options that expired between January 19, 2014 and July 31, 2017. The Options are exercisable at a price of $0.05 until September 6, 2028.
About Barker Minerals
Barker Minerals is advancing exploration on its 100% owned mineral properties in the Cariboo Gold District, one of the most mineralized belts in British Columbia.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Louis E. Doyle Robert Kuhl
Phone: (250) 563-8752 Phone: (604) 321-0709
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.
Source: Barker Minerals Ltd. (TSX Venture:BML)
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