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Barsele Minerals Corp.
Summary
| Project: | Barsele | |
|---|---|---|
| Deposit: | Central Zone, Avan Zone | |
| Location: | Sweden | |
| Commodities: | Gold | |
| Date: | 5/9/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-5-2017: Barsele Minerals Corp. announces an Exploration/Drilling Update report for its Central Zone, Avan Zone deposit at the Barsele project. JV - Drilling results incl. 1.1m @ 101.7g/t Au from 386.9m. Barsele Minerals Corp. – (TSX-V: BME) (“Barsele”) | |
| 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 a twelfth 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 March, three diamond drilling machines were focused on expansion drilling between the Central and Avan zones. Planning toward future testing (commencing May) of selected volcanogenic massive sulphide (VMS) targets, including extension drilling of the Norra Zone was completed. A total of 147 out of 500 planned base of till (BOT) holes were completed by month end. There are plans to mobilize a fourth drill in May, with the fifth machine expected to arrive in early June. Five holes were completed during the month of March of which three were expansion and two were infill. During the month, 3,601 meters were drilled and there were 2,565 samples sent for analysis, with 2,312 assay results received. Barsele’s President, Gary Cope states, “Hole SKI16002 was re-entered and extended and has delivered the deepest vertical gold hit of 695 meters vertically below surface. The entire mineralized system remains open along strike and at depth. We look forward to a total of five drills coring by early June.” | |
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