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Barsele Minerals Corp.
Summary
| Project: | Barsele | |
|---|---|---|
| Deposit: | Barsele | |
| Location: | Sweden | |
| Commodities: | Gold | |
| Date: | 1/31/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-1-2019: Barsele Minerals Corp. announces an Exploration/Drilling Update report for its Barsele deposit at the Barsele project. Drilling results incl. 21.00m @ 3.68g/t Au from 190.00m. Vancouver, BC – Barsele Minerals Corp. – (TSXV: BME) (“Barsele”) is | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Art Freeze (Not stated) | |
| ABSTRACT: | Vancouver, BC – Barsele Minerals Corp. – (TSXV: BME) (“Barsele”) is pleased to report an operational update for 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 2018 was halted during the month of December. Ninety-one holes were collared and reported during the year, totalling 34,998.75 metres of overburden penetration and core collection. Since drilling commenced late in 2015, a total of 135,142 metres of drilling has been completed from a total of 311 completed drill holes. Drilling is scheduled to resume in January. Results from thirty-eight drill holes are presented in this news release. Of the various drill-focused areas in the 2018 campaign, 5,268.4 metres came from Avan, where holes AVA18001-AVA18013 (13 holes-Au) were drilled. At Central, 5,924.15 metres were completed CNT18001- CNT18006, CNT18007B, CNT18008-CNT18012 (13 holes-Au). At Skiråsen, 7,184.5 metres were drilled in holes SKI17016, SKI18001-SKI18003, SKI18003B, SKI18004-SKI18010 (12 holes-Au/VMS). At Norra, 1,964.9 metres were drilled NOR18001-NOR18002, NOR18006 (3 holes-VMS). | |
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