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Barsele Minerals Corp.
Summary
| Project: | Barsele | |
|---|---|---|
| Deposit: | Skirasen | |
| Location: | Sweden | |
| Commodities: | Gold | |
| Date: | 4/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-4-2018: Barsele Minerals Corp. announces an Exploration/Drilling Update report for its Skirasen deposit at the Barsele project. Drilling results incl. 176.0m @ 2.43g/t Au from 330m. Vancouver, BC – Barsele Minerals Corp. – (TSX-V: BME) (“Barsele”) is p | |
| 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 February 2018, drilling continued with two diamond drilling machines operational within the property. A total of 2,598.9 metres were drilled. One VMS-hole and six regional exploration holes were completed. A VMS hole and a regional hole were ongoing at month end. Base of till testing is ongoing. At the Skiråsen Zone, highlight results include hole SKI17016 which intersected gold mineralization that averaged 2.43 g/t gold uncut (1.86 g/t gold cut) along a core length of 176.0 metres (333.00 metres to 509.00 metres downhole). Within this drill hole, there occur seven mineralized intervals with highlight intercepts of 37.0 metres core length (estimated 14.7 metres true thickness) grading 2.48 g/t gold at a midpoint depth of 250 metres below surface and 87.0 metres core length (estimated 35.0 metres true thickness) grading 1.98 g/t gold at a midpoint depth of 345 metres below surface and 24.0 metres core length (estimated 10.0 meters true thickness) grading 2.14 g/t gold at a midpoint depth of 415 metres below surface and 14.0 metres core length (estimated 5.8 metres true thickness) grading 12.6 g/t gold uncut (5.55 g/t gold cut) at a midpoint depth of 460 metres below surface. | |
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