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Barsele Minerals Corp.
Summary
| Project: | Barsele | |
|---|---|---|
| Deposit: | Barsele | |
| Location: | Sweden | |
| Commodities: | Gold | |
| Date: | 7/14/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-7-2016: 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. 105.0m @ 1.25g/t Au from 399.0m. 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 provide a third 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. Phase‐2 drilling commenced with one drill on April 29th. A second drill was placed in operation on June 7th. Currently the two drills are in the Avan (Au) and Norra (VMS) area, testing IP and MT anomalies identified in the Titan‐24 geophysical survey. The anomalies being tested have similar characteristics to the Central (Au) Zone. During May 2016, diamond drilling totalling 1,464.65 meters was completed, with accumulated meterage since January 2016 being 6,383.00 metres. Hole SKI 16006 was completed and the majority of hole SKI 16007 was drilled during the month of May. Highlights of the latest exploration drill results include 2 intercepts in the Skiråsen Zone, with hole SKI 16005 yielding 105 meters core length (estimated 78.80 meters true thickness) grading 1.25 g/t gold, plus hole SKI 16006 with 93 meters core length (estimated 69.80 meters true thickness) grading 1.31 g/t gold including, 25.70 meters core length (estimated 19.30 meters true thickness) grading 2.17 g/t gold. These drill intercepts are located roughly 850 meters southeast of the core of the Central Zone. | |
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