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Barsele Minerals Corp.

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Summary

Project:

Barsele

Deposit:Barsele
Location:Sweden
Commodities:Gold
Date:1/17/2017
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:17-1-2017: 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. 178.00m @ 1.68g/t Au from 350.00m. 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 an eighth 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 November, diamond drilling with four machines were focused within and along the trend of the Avan, Central and Skiråsen zones, where validation, conversion and expansion drilling has taken place. The highlight conversion hole SKI16010 yielded 6.00 meters core length (estimated 4.0 meters true thickness) grading 33.46 g/t gold uncut (6.33 g/t gold cut) at a depth of 180 meters below surface, plus 178.00 meters core length (estimated 125.00 meters true thickness) grading 1.68 g/t gold uncut (1.51 g/t gold cut) at a midpoint depth of 320 meters below surface. In addition, expansion hole CNT16017 yielded 31.00 meters core length (estimated 23.30 meters true thickness) grading 2.65 g/t gold uncut (2.60 g/t gold cut) at a midpoint of 410 meters below surface. This last intercept expands the known Central Zone by 175 meters towards the Avan Zone.

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