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Barsele Minerals Corp.

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Summary

Project:

Barsele

Deposit:Barsele
Location:Sweden
Commodities:Gold
Date:8/6/2019
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:6-8-2019: Barsele Minerals Corp. announces an Exploration/Drilling Update report for its Barsele deposit at the Barsele project. Drilling results incl. 10.00m @ 8.86g/t Au, 0.09% Sb, 78.63g/t Ag, 1.51% Cu, 0.10% Pb, 5.17% Zn. Vancouver, BC – Barsele Miner
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Art Freeze (Internal)
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 the first six months of 2019 totals 7,390 metres in 30 completed core holes. Since late 2015, a total of 142,531 metres of overburden penetration and core collection has been tabulated from a total of 341 drill holes. Results from 20 drill holes are presented in this news release. The pursuit of volcanogenic massive sulphide (“VMS”) mineralization within the Barsele Project area is ongoing, with Agnico Eagle applying a combination of geological, structural, geochemical and geophysical techniques to facilitate the pursuit. Each hole drilled adds to the knowledge-base and the drill core observations and analytical results, assist in vectoring toward the potential of a new discovery.

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