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Barsele Minerals Corp.
Summary
| Project: | Barsele | |
|---|---|---|
| Deposit: | Barsele | |
| Location: | Sweden | |
| Commodities: | Gold-Silver-Zinc-Copper | |
| Date: | 1/10/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-1-2020: Barsele Minerals Corp. announces an Exploration/Drilling Update report for its Barsele deposit at the Barsele project. Drilling results incl. 4.00m @ 1.90g/t Au from 665.00m. Vancouver, BC – Barsele Minerals Corp. – (TSXV: BME) (“Barsele”) is p | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Art Freeze (Internal) | |
| ABSTRACT: | Vancouver, BC – Barsele Minerals Corp. – (TSXV: BME) (“Barsele”) is pleased to report the final 2019 operational update in relation to the ongoing exploration program within the Barsele Gold-VMS Project area in Västerbottens Län, Northern Sweden (the “Barsele Project”). The exploration program is being operated by joint venture partner Agnico Eagle Mines Limited – (TSX, NYSE: AEM) (“Agnico Eagle”). Ownership in the Barsele Project is 55% Agnico Eagle and 45% Barsele. Agnico Eagle can earn an additional 15% in the Barsele Project through the completion of a pre-feasibility study. There is no cash outlay requirement by Barsele until a pre-feasibility study is completed. Diamond drilling for the 2019 year totaled 12,310 metres in 56 completed core holes. Since late 2015, a total of 147,452 metres of overburden penetration and core collection has been tabulated from a total of 367 drill holes. Results from 39 drill holes are presented in this news release. The pursuit of volcanogenic massive sulphide (“VMS”) mineralization within the Barsele Project area was the principal focus in 2019, with Agnico Eagle applying a combination of geological, structural, geochemical and geophysical techniques to facilitate the pursuit to discovery. Each hole drilled has added to the knowledge-base. Drill core observations and analytical results, have assisted the vectoring toward the eventuality of a new discovery. | |
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