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Barsele Minerals Corp.

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Summary

Project:

Barsele

Deposit:Skirasen
Location:Sweden
Commodities:Gold
Date:11/14/2018
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:14-11-2018: Barsele Minerals Corp. announces an Exploration/Drilling Update report for its Skirasen deposit at the Barsele project. Drilling results incl. 57m @ 1.60g/t Au from 66m. Vancouver, BC – Barsele Minerals Corp. – (TSXV: BME) (“Barsele”) is pleas
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Art Freeze (Not stated)
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. Three drills were operational during the month of August, 2018. As of the end of August, 27,346 metres of core has been collected from 66 completed holes, since drilling was re-started in early January. The main focus of this month’s drilling has been on regional targets within the Risberget and Skirliden areas, as well as proximal and regional VMS targets. Seven drill holes are presented in this news release. At the Avan Zone, one expansion hole is documented, along with three infill and two expansion holes at the Central Zone and one expansion hole southwest from the Skiråsen Zone. Three regional exploration holes were completed at the Risberget Zone, with one ongoing at month end. At the Skirliden area, along the southeastern extension of Lake Skirträsket, three regional exploration holes were completed, including two covering VMS targets. Additionally, six regional VMS holes were completed in other sectors of the property. Base of till drill testing continued in August, with 663.5 metres probed in 75 holes. Regional surface till sampling was ongoing, with 340 samples collected. At the Central Zone, drill hole CNT18008 intersected two shallow gold-bearing zones, with the best intercept being 58.1 metres (estimated true thickness) grading 1.37 g/t gold, at a midpoint depth of 65 metres below surface. Hole CNT18009 cut 57.0 metres (estimated true thickness) grading 1.60 g/t gold at a midpoint depth of 65 metres below surface. Hole CNT18010 intersected three shallow gold-bearing zones; including 19.0 metres (estimated true thickness) grading 1.27 g/t gold, at a midpoint depth of 20 metres below surface, plus 4.0 metres (estimated true thickness) grading 3.57 g/t gold, at a midpoint depth of 40 metres below surface and 53.0 metres (estimated true thickness) grading 1.03 g/t gold, at a midpoint depth of 75 metres below surface. At the Skiråsen Zone, hole SKI18007 cut five gold-mineralized intervals with the highlight intercepts being 4.0 metres core length (estimated 1.0 metre true thickness) grading 10.09 g/t gold, at a midpoint depth of 150 metres below surface, plus 19.0 metres core length (estimated 6.3 metres true thickness) grading 2.20 g/t gold, at a midpoint depth of 280 metres below surface, plus 15.0 metres core length (estimated 5.5 metres true thickness) grading 3.74 g/t gold at a midpoint depth of 355 metres below surface.

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