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Barsele Minerals Corp.

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Summary

Project:

Barsele

Deposit:Barsele
Location:Sweden
Commodities:Gold
Date:10/27/2016
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:27-10-2016: 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. 94.5m @ 1.66g/t Au from 45.00m. Vancouver, BC – Barsele Minerals Corp. –
Resources:(Total resource not mentioned in report)
CP/QP:[Overall Report]: Art Freeze (Not stated)
ABSTRACT:Vancouver, BC – Barsele Minerals Corp. – (TSX-V: BME) (“Barsele”) is pleased to provide a sixth 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 continues, with three diamond drills and one BOT (base of till) machine, testing for both gold and the VMS targets. Thirteen holes totaling 2,625 metres were completed during the month of August; CNT16-(002-005), AVA16-(008-010), KOH16-(001-006). Two additional validation holes CNT16- 006 and CNT16-012 were drilled in September and are reported in this release Drill holes CNT16-(001-002), were designed to test the northwestern extension of the Central Zone toward the Avan Zone. These holes successfully extended the mineralized corridor approximately 175 metres to the northwest and to depths varying between 270 and 460 metres below surface. The highlight result from CNT16-001 is 27.00 metres core length (estimated 20.3 metres true thickness) grading 1.80 g/t gold. Hole CNT16-002 returned 134.00 metres core length (estimated 100.50 metres true thickness) grading 1.11 g/t gold, including 39.00 metres core length (estimated 29.30 metres true thickness) grading 2.41 g/t gold. Base of hole analytical results are pending. Results from holes CNT16-001 and CNT16-002 are considered to be highly significant as they extend the Central Zone toward the previously noted area of improving ground preparation, and alteration and mineralization at depth at Avan.

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