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Barsele Minerals Corp.
Summary
| Project: | Barsele | |
|---|---|---|
| Deposit: | Barsele | |
| Location: | Sweden | |
| Commodities: | Gold | |
| Date: | 4/4/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-4-2017: Barsele Minerals Corp. announces an Exploration/Drilling Update report for its Barsele deposit at the Barsele project. JV - Drilling results incl. 4.0m @ 60.18g/t Au from 596.0m. Barsele Minerals Corp. – (TSX-V: BME) (“Barsele”) is pleased to re | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Art Freeze (Not stated) | |
| ABSTRACT: | Barsele Minerals Corp. – (TSX-V: BME) (“Barsele”) is pleased to report an eleventh 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. Agnico Eagle can earn an additional 15% in the Barsele Project through the completion of a pre-feasibility study. Four holes were completed during the month of February of which one was expansion and three were infill. During the month, 3,249 meters were drilled and there were 2,298 samples sent for analysis, with 3,023 assay results received. Barsele’s President, Gary Cope states, “Infill hole SKI17003 has delivered eight good gold intercepts and a significant gold intercept 595 meters below surface. The presence of zinc in infill hole SKI16015 is encouraging and we look forward to ongoing drill results from this large and evolving mineralized system.” The Barsele Project is located on the western end of the Proterozoic “Skellefte Trend”, a prolific volcanogenic massive sulphide deposits belt, where it intersects with the “Gold Line” in Northern Sweden. Both polymetallic deposits and intrusive hosted orogenic gold deposits are present in this region and on the property. Current and past producers in the region include Boliden, Kristineberg, Bjorkdal, Svartliden and Storliden. | |
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