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Barsele Minerals Corp.
Summary
| Project: | Barsele | |
|---|---|---|
| Deposit: | Risberget | |
| Location: | Sweden | |
| Commodities: | Gold | |
| Date: | 1/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-1-2018: Barsele Minerals Corp. announces an Exploration/Drilling Update report for its Risberget deposit at the Barsele project. Drilling results incl. 49m @ 2.02g/t Au from 383m. Vancouver, BC – Barsele Minerals Corp. – (TSX-V: BME) (“Barsele”) is ple | |
| 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 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 by Barsele until pre-feasibility is completed. During the month of November 2017, four diamond drilling machines were operational within the property. Three infill drill holes and ten regional exploration drill holes were completed during the month, with three drill holes ongoing at month’s end. Base of till testing is ongoing. Twelve holes are reported in this news release of which two are expansion and six are infill, and two are VMS related tests at Norra and two are regional tests at Risberget. As of November 30th, 97,029 meters of core has been collected from a total of 214 core holes, since the initiation of drilling in late 2015. At the Avan Zone, hole AVA17034 cut three mineralized zones, with a highlight hit of 13.0 meters core length (estimated 7.0 meters true thickness) grading 2.44 g/t gold at a midpoint depth of 480 meters below surface. (Avan gold results where applicable are capped at 18 g/t). | |
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