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Barsele Minerals Corp.
Summary
| Project: | Barsele | |
|---|---|---|
| Deposit: | Risberget | |
| Location: | Sweden | |
| Commodities: | Gold | |
| Date: | 11/21/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-11-2017: Barsele Minerals Corp. announces an Exploration/Drilling Update report for its Risberget deposit at the Barsele project. JV - Drilling results incl. 21m @ 2.96g/t Au from 619m. Vancouver, BC – Barsele Minerals Corp. – (TSX-V: BME) (“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 an operational update for the ongoing exploration program within the Barsele Gold-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 project through completion of a pre-feasibility study. There is no cash outlay by Barsele until pre-feasibility is completed. During the month of September, five diamond drills were operational within the property. Nine drill holes (3 infill and 6 expansion) tested the Avan, Central and Skiråsen zones. Other drilling was focused on the Norra massive sulfide zone (2 holes), as well as regional drilling (5 holes) along the trend of the new Risberget gold target, 3.7 kilometers to the eastsoutheast of the Skiråsen Zone. Recent significant drill results through the end of September include highlight regional Risberget hole RIS17002 that yielded 50.0 meters core length (35.0 meters true thickness) grading 0.82 g/t gold at a midpoint depth of 100 meters below surface. There were four visible gold observations along this core interval. Additionally, expansion hole CNT17020 yielded 21.0 meters core length (6.7 meters true thickness) grading 2.96 g/t gold uncut (2.58 g/t gold cut) at a midpoint depth of 600 meters below surface. Expansion hole CNT17021 yielded 7.0 meters core length (3.4 meters true thickness) grading 5.60 g/t gold at a midpoint depth of 85 meters below surface and expansion hole CNT17022 yielded 12.0 meters core length (8.3 meters true thickness) grading 3.14 g/t gold at a midpoint depth of 400 meters below surface. Other drilling of significance from the Norra VMS deposit area includes hole NOR17006, within which 39 meters(106-145 meters) of talc-chlorite-pyrrhotite-chalcopyrite alteration and mineralization was intersected, while hole NOR17007 intersected 24 meters (75-99 meters) of polymetallic stringer and massive sulphide mineralization. Metal grades will be forthcoming in a subsequent news release. | |
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