VANCOUVER, Aug. 20, 2019 /CNW/ - Barrian Mining Corp.
("Barrian Mining") (BARI: TSX-V / BARRF: OTCQB / BM5:
FSE) is pleased to announce that it has engaged APEX Geoscience
Ltd. ("APEX") to manage its previously announced summer
drill program at Bolo. APEX is a leading minerals sector geological
consulting services firm. Kris Raffle, P.Geo., Principal and
Consultant of APEX will oversee Barrian Mining's exploration
program.
APEX is a privately-owned, independent geological consulting
company that provides high quality, cost effective and timely
geological consulting services to exploration companies,
government, and non-government organizations. APEX has
experience in all aspects of the mineral exploration industry from
initial assessment and NI 43-101 reporting through to mining
including the identification and outlining of resources. They
specialize in managing large mine site and exploration
databases, digital capture of historic datasets, and combining
rigorous geostatistical analysis with modern geological,
geochemical, and drill datasets to create concise 3D models that
result in discovery and expansion of resources.
APEX has wide-ranging Nevada
Carlin-type gold experience, including the completion of
multiple Mineral Resource Estimates for Gold Standard Ventures
Corp.'s Pinion, Dark Star, and North Bullion deposits. APEX's
current Nevada activities include modelling and resource estimation
work for several projects on behalf of Waterton Global Resource
Management Inc., and Fiore Gold Ltd.'s Gold Rock Project.
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
Property, located 90km northeast of Tonopah Nevada, hosts Carlin type gold
mineralization and is fully permitted for upcoming exploration
programs including drilling. Notable historical drill results
include 1.28 g/t gold over 133 metres from surface (true width of
mineralization is estimated to be 50% of drilled width). In
addition, Barrian has an earn-in option to acquire 100% of the
"Sleeper Project" which is located in the historic Mogollon 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", the Frankfurt stock exchange under the ticker
"BM5" and the OTCQB under the ticker "BARRF".
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.
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, planned drilling program at
the Bolo project, 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.