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barker minerals ltd (BML) Snapshot

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08/1/13 - C$0.07
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Market Cap
3.6M
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66.1K
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Shares Outstanding
179.9M
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barker minerals ltd (BML) Details

Barker Minerals Ltd., an exploration stage company, is engaged in the exploration and development of mineral properties in Canada. It explores for gold, silver, platinum, palladium, copper, lead, zinc, and diamonds. The company holds 100% interests in various properties covering approximately 160,871 hectares in the Cariboo Mining District of east central British Columbia. Barker Minerals Ltd. was founded in 1993 and is headquartered in Prince George, Canada.

Founded in 1993

barker minerals ltd (BML) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$175.0K
Chief Financial Officer and Director
Total Annual Compensation: C$79.8K
Compensation as of Fiscal Year 2012.

barker minerals ltd (BML) Key Developments

Barker Minerals Ltd. Approves the Adoption of the New Articles

Barker Minerals Ltd. announced that the Annual General Meeting of shareholders of the company was held on December 6, 2013, has approved the adoption of the new Articles for the company.

Barker Minerals Ltd. Provides an Update on Drilling on 100% Owned Frank Creek Volcanogenic Massive Sulphide and Gold Project

Barker Minerals Ltd. provided an update on drilling on its 100% owned Frank Creek volcanogenic massive sulphide (VMS) and gold project which was announced on June 18, 2013. The 2013 drilling focused on the nearby VMS Titan Trend "C" Conductor, a VMS target identified in past programs, to test the potential for the discovery of economic gold mineralization. The 2013 drill program was successful in the discovery in FC-13-09 of multiple stacked, altered and mineralized horizons associated with typical VMS footwall style alteration and mineralization. The property is located in the Cariboo Mining District of British Columbia approximately 77 km northeast of Williams Lake B.C. and hosts excellent access and infrastructure. The gold results in FC-13-09 were only slightly anomalous, up to 508 ppb, in the mineralized zones in contrast to that of FC-11-03 which assayed 3.8 g/t gold over 22.45 m from 13.0 m to 35.45 m. As FC-11-03 and FC-13-09 were only 5 metres apart the discrepancy in gold values will be reviewed and investigated in order to determine the possible cause of the differences. The economic gold potential will be evaluated further in conjunction with the definition of the recently discovered VMS mineralized zones in the Titan Trend "C" target area. The results from FC-13-09 are consistent with that of a feeder zone within a VMS system. The style of alteration, copper rich mineralization, grades, patterns and zonation of base metals, presence of precious metals, elevated values of VMS feeder pathfinders such as arsenic, bismuth, antimony, tin and scandium within a europium low are all indicative of close proximity to a vent of a VMS system. FC-13-10 was located 350 metres north of FC-13-09 and drilled to a depth of 128 metres with no appreciable assays. The hole encountered alternating rock units of argillites and altered volcaniclastic rocks. The alteration consists of sericite, carbonate, chlorite and silica. FC-13-10 is interpreted to represent the eastern margin of a shallow basin which would also be the eastern limit permissive for VMS mineralization. Exploration to date indicates the eastern ends of L57N and L59N have many similarities to mesothermal, or mother-lode style, gold mineralization. Similarities include host mineralogy, carbonate alteration and proximity (less than 100m) to a structural break characterized by ultramafics and listwanites. The carbonaceous rocks, the very brittle nature of the argillites, placer gold below the target and a significant shear zone in Frank Creek bode well for the presence of gold veins to be discovered such as at the Barkerville gold trend to the north, and similar to the Mother Lode district in California. FC-13-11, 12 and 13 were all drilled 250 - 350 metres to the northeast of FC-13-09, with gold as the primary target. FC-13-10 did not return any appreciable gold assays and decisions are yet to be made on which samples may be sent for future analysis. The alteration and geology are similar in this series of holes to that of FC-13-10. FC-13-14 was drilled to a 67.56 metre depth and is an extension along strike, to the southeast, of the 2008 original Line 53N area trenching and drilling discovery and is located approximately 1km southwest of the FC-13-09 discovery. From near surface, FC-13-14 intercepted approximately 20 metres of a highly altered sulphide zone comprised of VMS footwall style mineralization. The sulphide mineralization occurs together with copper stringer sulphides in favorable felsic volcanic rocks. The target of this hole was a near surface chargeability high interpreted to represent stringer or feeder style mineralization overlying a large, deeper and strongly conductive body being evaluated for massive sulphide potential. Near the bottom of the hole at 65.29 m a narrow 3 cm band of chalcopyrite was intercepted. FC-13-14 demonstrates fining of down hole which confirms the overturned nature of the stratigraphy and the copper mineralization encountered near the bottom of the hole support the interpretation of this zone and make it a high priority for follow up.

Barker Minerals Ltd., Annual General Meeting, Dec 06, 2013

Barker Minerals Ltd., Annual General Meeting, Dec 06, 2013., at 11:00 Pacific Standard Time. Location: Suite 1500. Agenda: To receive the consolidated financial statements of the Company for the financial year ended November 30,2012, the report of the auditor thereon and the related management discussion and analysis; as well as the financial statements for the Company's nine month financial period ended August 31, 2013 and the related management discussion and analysis; to determine the number of directors of the Company at eight; to elect directors of the Company for the ensuing year; to appoint an auditor for the ensuing year, at a remuneration to be fixed by the directors; to approve by special resolution the adoption of new Articles for the Company to include advance notice provisions and further amendments as more particularly described in the Information Circular; and to discuss other matters.

 

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