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Barsele Minerals Corp.
Summary
| Project: | Barsele | |
|---|---|---|
| Deposit: | Skirasen | |
| Location: | Sweden | |
| Commodities: | Gold | |
| Date: | 9/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-9-2018: Barsele Minerals Corp. announces an Exploration/Drilling Update report for its Skirasen deposit at the Barsele project. Drilling results incl. 26.55m @ 2.43g/t Au from 575.55m. Vancouver, BC – Barsele Minerals Corp. – (TSXV: BME) (“Barsele”) is | |
| 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. Two drills were operational during the month of July, in order to accommodate summer vacations and machine maintenance. As of the end of July, 23,127 metres of core has been collected from 53 completed holes since drilling was re-started in early January, 2018. Nine drill holes are listed in this news release. At the Avan Zone, four expansion holes are presented, along with two expansion holes at the Central Zone, and three expansion holes at the Skiråsen Zone. Two Regional exploration holes were completed at the Risberget Zone, with one hole completed at Skirliden, along the southeastern extension of Lake Skirträsket. Base of till drill testing continued in July, with 848.5 metres probed in 82 holes. Regional surface till sampling was ongoing, with 426 samples collected. At the Avan Zone, the best result was from hole AVA18009, which yielded an intercept 3.0 metres core length (estimated 2.2 metres true thickness) grading 2.72 g/t gold at a midpoint depth of 290 metres below surface. At the Central Zone, drill hole CNT18005 intersected two gold-bearing zones with the best intercept being 5.0 metres core length (estimated 2.3 metres true thickness) grading 4.71 g/t gold at a midpoint depth of 260 metres below surface. Hole CNT18007B cut nine gold-bearing zones with a highlight intercept of 11.0 metres core length (estimated 3.7 metres true thickness) grading 2.30 g/t gold at a midpoint depth of 445 metres below surface. At the Skiråsen Zone, hole SKI18004 cut nine gold-mineralized intervals with the highlight intercepts being 26.55 metres core length (estimated 14.2 metres true thickness) grading 2.43 g/t gold at a midpoint depth of 480 metres below surface, plus 5.0 metres core length (estimated 2.7 metres true thickness) grading 4.0 g/t gold at a midpoint depth of 525 metres below surface, plus 14.0 metres core length (estimated 6.6 metres true thickness) grading 4.97 g/t gold uncut (3.8 g/t gold cut) at a midpoint depth of 545 metres below surface. Hole SKI18005 yielded a highlight intercept of 5.0 metres core length (estimated 2.9 metres true thickness) grading 3.35 g/t gold at a midpoint depth of 190 metres below surface. | |
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