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Barsele Minerals Corp.
Summary
| Project: | Barsele | |
|---|---|---|
| Deposit: | Central Zone, Avan Zone | |
| Location: | Sweden | |
| Commodities: | Gold | |
| Date: | 6/21/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-6-2017: Barsele Minerals Corp. announces an Exploration/Drilling Update report for its Central Zone, Avan Zone deposit at the Barsele project. JV with Agnico Eagle Mines Ltd. - Drilling results incl. 25m @ 5.34g/t Au from 340m. Vancouver, BC – Barsele | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Art Freeze (Not stated) | |
| ABSTRACT: | Vancouver, BC – Barsele Minerals Corp. – (TSX-V: BME) (“Barsele”) is pleased to report a thirteenth operational progress update for the ongoing 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. During the month of April, three diamond drilling machines were focused along the Central and Avan zones. Planning toward future testing (commencing May) of selected volcanogenic massive sulphide (VMS) targets, including extension drilling along the Norra Zone was completed, with drill targets selected. A total of 203 out of 500 planned base of till (BOT) holes were completed by month end. Barsele’s President, Gary Cope states, “Five drills are now coring at Barsele. Hole CNT17006 reflects a significant zone of high-grade mineralization that hopefully reflects continuity with the 11.5 meters true thickness grading 7.9 g/t gold uncut (5.36 g/t gold cut) that was encountered in hole CNT16011 (Both intercepts occur at roughly 270 meters below surface and lie 100 meters apart). The high-grade polymetallic intercept in hole AVA17004, could reflect leakage from a nearby previously unknown massive sulphide source” | |
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