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Barsele Minerals Corp.
Summary
| Project: | Barsele | |
|---|---|---|
| Deposit: | Barsele | |
| Location: | Sweden | |
| Commodities: | Gold | |
| Date: | 12/14/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-12-2016: Barsele Minerals Corp. announces an Exploration/Drilling Update report for its Barsele deposit at the Barsele project. JV with Agnico Eagle Mines - drilling results incl. 23.00m @ 7.90g/t Au from 351.00m. Vancouver, BC – Barsele Minerals Corp. | |
| Resources: | ||
| CP/QP: | [Overall Report]: Art Freeze (Not stated) | |
| ABSTRACT: | Vancouver, BC – Barsele Minerals Corp. – (TSX-V: BME) (“Barsele”) is pleased to report a seventh operational progress update for the current exploration program within the Barsele Au-VMS Project area in Västerbottens Län, northern Sweden. The exploration program is being operated by joint venture partner Agnico Eagle Mines Limited. – (TSX, NYSE: AEM) (“Agnico Eagle”). Ownership in the project is 55% Agnico Eagle and 45% Barsele. During the month of October, diamond drilling with four machines was focused within and along the trend between the Central and Avan zones, where both extension and validation drilling has taken place. Highlight hole CNT16011 yielded 23.00 meters core length (estimated 11.50 meters true thickness) grading 7.90 g/t gold uncut (5.36 g/t gold cut) at a depth of 275 meters below surface. In addition, expansion hole AVA16011 returned several gold bearing zones, with the best intercept being 18.00 meters core length (estimated 13.5 meters true thickness) grading 2.35 g/t gold. This intercept at 370 meters depth, is located 125 meters east of previously drilled AVA16005, which yielded 26.00 meters core length (estimated 19.50 meters true thickness) grading 2.22 g/t gold. | |
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