VANCOUVER, June 26, 2019 /CNW/ - Barrian Mining Corp.
("Barrian" or the "Company") (TSX-V: BARI) (FSE: BM5)
is pleased to announce that it has secured a drill rig and contract
with Harris Exploration Drilling and Associates Inc. ("Harris
Drilling"), a Nevada based
drilling company, for its upcoming reverse circulation (RC)
drilling program at the Bolo Gold Project.
Harris Drilling has been
operating in Nevada, as well as
other areas of North and South
America, for over 30 years. They have executed successful
drill programs on a broad range of projects and deposit types for
both Major and Junior mining companies throughout the Americas. In
addition to RC drilling, Harris
Drilling offers wireline core (diamond) drilling services
and a variety of other methods.
Maximilian Sali, CEO and Founder
comments "We are very excited that preparations to drill have
started at Bolo for our summer drill program especially as gold
hits a new 6 year high. We are confident in Harris's experience in
Nevada to handle our summer drill
program and the rig chosen will allow us to drill our high priority
target to a depth of around 500 metres where geophysics has shown a
potential mineralized anomaly that could prove to be continued
mineralization at depths well beyond any previous drill holes on
this property."
A modified Schramm T685 Track Drill will be utilized for the
Bolo RC drill program. The drill is powered by a 550 HP 14 litre
Detroit Diesel and uses a 1050 x 500 Sullair rotary screw
compressor. The rig is mounted on a modernized, hydraulically
driven Sherman M4A3 horizontal Boogey Prime Mover Track Carrier.
The Schramm T685 is capable of dual-tube RC drilling to depths of
up to 2000 feet (600 metres). Being track mounted, the drill rig
will be able to easily traverse the terrain at the Bolo Gold
Project causing minimal surface disturbance, increasing efficiency
and reducing reclamation time. The attached bulldozer blade and
tilting deck allow for setup on extremely steep locations.
About Barrian Mining Corp.
Barrian Mining Corp is a
new gold exploration company focused on acquiring and advancing
precious metal projects in the United
States. Barrian's flagship Bolo Project, located 90km
northeast of Tonopah Nevada, hosts
Carlin type gold mineralization
and is fully funded and permitted. In addition, Barrian has an
earn-in option to acquire 100% of the "Sleeper Project" which is
located in the historic Mogollon
epithermal silver-gold mining district of New Mexico. Barrian is run by a strong
management and technical team consisting of capital market and
mining professionals with the goal of maximizing value for
shareholders through new mineral discoveries, committed long-term
partnerships, and the advancement of exploration projects in
geopolitically favourable jurisdictions. Barrian trades on the TSXV
under the ticker symbol "BARI", and on the German (Frankfurt) exchanges using the ticker symbol
"BM5".
Qualified Person
The scientific and technical
information contained in this news release as it relates to the
Bolo Property has been reviewed and approved by Kristopher J.
Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience
Ltd. of Edmonton, AB, a "Qualified
Person" as defined in National Instrument 43-101 – Standards of
Disclosure for Mineral Projects.
On behalf of the Board of Directors
s/ "Max Sali"
Max
Sali, Chief Executive Officer
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 news release.
Forward Looking Information
This news release includes certain statements that constitute
"forward-looking information" within the meaning of applicable
securities law, including without limitation, the Company's plans
and timing for its properties/projects, other statements relating
to the technical, financial and business prospects of the Company,
and other matters.
Forward-looking statements address future events and conditions
and are necessarily based upon a number of estimates and
assumptions. These statements relate to analyses and other
information that are based on forecasts of future results,
estimates of amounts not yet determinable and assumptions of
management. Any statements that express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance (often, but
not always, using words or phrases such as "expects" or "does not
expect", "is expected", "anticipates" or "does not anticipate",
"plans", "estimates" or "intends", or stating that certain actions,
events or results "may", "could", "would", "might" or "will" be
taken, occur or be achieved), and variations of such words, and
similar expressions are not statements of historical fact and may
be forward-looking statements. Forward-looking statement are
necessarily based upon a number of factors that, if untrue, could
cause the actual results, performances or achievements of the
Company to be materially different from future results,
performances or achievements express or implied by such statements.
Such statements and information are based on numerous assumptions
regarding present and future business strategies and the
environment in which the Company will operate in the future,
including the price of metals, anticipated costs and the ability to
achieve goals, that general business and economic conditions will
not change in a material adverse manner, that financing will be
available if and when needed and on reasonable terms, and that
third party contractors, equipment and supplies and governmental
and other approvals required to conduct the Company's planned
exploration activities will be available on reasonable terms and in
a timely manner. While such estimates and assumptions are
considered reasonable by the management of the Company, they are
inherently subject to significant business, economic, competitive
and regulatory uncertainties and risks.
Forward-looking statements are subject to a variety of risks and
uncertainties, which could cause actual events, level of activity,
performance or results to differ materially from those reflected in
the forward-looking statements, including, without limitation: (i)
risks related to gold and other commodity price fluctuations; (ii)
risks and uncertainties relating to the interpretation of
exploration results; (iii) risks related to the inherent
uncertainty of exploration and cost estimates and the potential for
unexpected costs and expenses; (iv) that resource exploration and
development is a speculative business; (v) that the Company may
lose or abandon its property interests or may fail to receive
necessary licences and permits; (vi) that environmental laws
and regulations may become more onerous; (vii) that the
Company may not be able to raise additional funds when necessary;
(viii) the possibility that future exploration, development or
mining results will not be consistent with the Company's
expectations; (ix) exploration and development risks, including
risks related to accidents, equipment breakdowns, labour disputes
or other unanticipated difficulties with or interruptions in
exploration and development; * competition; (xi) the potential for
delays in exploration or development activities or the completion
of geologic reports or studies; (xii) the uncertainty of
profitability based upon the Company's history of losses; (xiii)
risks related to environmental regulation and liability; (xiv)
risks associated with failure to maintain community acceptance,
agreements and permissions (generally referred to as "social
licence"); (xv) risks relating to obtaining and maintaining all
necessary government permits, approvals and authorizations relating
to the continued exploration and development of the Company's
projects; (xvi) risks related to the outcome of legal actions;
(xvii) political and regulatory risks associated with mining and
exploration; (xix) risks related to current global financial
conditions; and (xx) other risks and uncertainties related to the
Company's prospects, properties and business strategy. These risks,
as well as others, could cause actual results and events to vary
significantly.
Factors that could cause actual results to differ materially
from those in forward looking statements include, but are not
limited to, continued availability of capital and financing and
general economic, market or business conditions, the loss of key
directors, employees, advisors or consultants, adverse weather
conditions, increase in costs, equipment failures, litigation,
exchange rate fluctuations, failure of counterparties to perform
their contractual obligations and fees charged by service
providers. Investors are cautioned that forward-looking statements
are not guarantees of future performance or events and, accordingly
are cautioned not to put undue reliance on forward-looking
statements due to the inherent uncertainty of such statements. The
forward-looking statements included in this news release are made
as of the date hereof and 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,
except as expressly required by applicable securities
legislation.
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SOURCE Barrian Mining Corp.