At Risberget stepout hole RIS17002 adds
continuity, yielding 50 meters grading 0.85 g/t gold.
VANCOUVER, Nov. 21, 2017 /CNW/ - 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 east-southeast 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.
Nine holes are reported in this news release, of which six were
expansion, two were infill and one was a regional test. One hole
was abandoned due to bad ground conditions. Since the initiation of
drilling in late 2015 and until the end of the month of September,
86,310 meters of core has been collected from a total of 191 drill
holes. Base of till sampling is ongoing.
Agnico Eagle's recent surface extension trenching program has
been completed. Structural mapping along the 90.0 meter by 15.0
meter corridor validates the existing gold distribution model and
more importantly provides detailed information on quartz veining
and reactivation of the various shearing and mineralization
orientations. This information will assist with the ongoing
modelling of the gold deposit.
A regional surface till sampling program was carried out during
the summer months. This work has resulted in a broad area with
anomalous precious and base metal responses in the northern third
of the property, several kilometers to the north of existing
drilling. As the Barsele Project was originally discovered using
till sampling, these results are considered significant.
September 2017
Drilling Update
|
Hole
ID
|
Easting
|
Northing
|
Az
|
Dip
|
DDH
Length
|
From
(m)
|
To
(m)
|
CL
(m)
|
TL
(m)
|
Au
(g/t)
|
Top
Cut
(g/t)
|
AVA17022
|
617609.319
|
7215564.72
|
219
|
-70
|
802.80
|
150.00
|
152.00
|
2.00
|
0.70
|
6.60
|
|
Expansion
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AVA17023
|
617781.982
|
7215404.07
|
222
|
-46
|
290.40
|
58.00
|
67.00
|
9.00
|
6.60
|
0.97
|
|
Expansion
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AVA17024
|
617727.977
|
7215140.75
|
43
|
-56
|
324.20
|
|
|
|
|
|
|
Expansion
|
No
Significant
|
Intersections
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CNT17019
|
618614.72
|
7215120.47
|
218
|
-50
|
450.50
|
148.00
|
165.00
|
17.00
|
11.3
|
0.85
|
|
Infill
|
|
|
|
|
|
250.00
|
257.00
|
7.00
|
4.60
|
1.83
|
|
|
|
|
|
|
|
280.00
|
292.00
|
12.00
|
8.00
|
1.85
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CNT17020
|
618529.80
|
7215097.77
|
221
|
-74
|
749.00
|
275.00
|
281.00
|
6.00
|
1.80
|
1.38
|
|
Expansion
|
|
|
|
|
|
288.00
|
295.00
|
7.00
|
2.10
|
1.17
|
|
|
|
|
|
|
|
333.00
|
340.00
|
7.00
|
2.10
|
1.16
|
|
|
|
|
|
|
|
430.00
|
433.00
|
3.00
|
0.90
|
3.08
|
|
|
|
|
|
|
|
450.00
|
457.00
|
7.00
|
2.20
|
1.35
|
|
|
|
|
|
|
|
619.00
|
640.00
|
21.00
|
6.70
|
2.96
|
2.58
|
|
|
|
|
|
|
660.00
|
670.00
|
10.00
|
3.20
|
1.89
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CNT17021
|
618675.06
|
7215074.99
|
218
|
-65
|
626.00
|
56.00
|
60.00
|
4.00
|
1.90
|
1.25
|
|
Expansion
|
|
|
|
|
|
94.00
|
112.00
|
18.00
|
8.70
|
2.63
|
|
|
|
|
|
|
Inc.
|
94.00
|
101.00
|
7.00
|
3.40
|
5.60
|
|
|
|
|
|
|
|
122.00
|
136.00
|
14.00
|
6.70
|
1.15
|
|
|
|
|
|
|
|
143.00
|
148.00
|
5.00
|
2.40
|
2.00
|
|
|
|
|
|
|
|
335.00
|
351.00
|
16.00
|
7.60
|
1.28
|
|
|
|
|
|
|
|
377.00
|
409.00
|
32.00
|
15.4
|
1.53
|
|
|
|
|
|
|
|
458.00
|
464.80
|
6.80
|
3.30
|
2.51
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CNT17022
|
618412.04
|
7214706.11
|
40
|
-54
|
709.50
|
417.00
|
422.00
|
5.00
|
3.40
|
1.94
|
|
Expansion
|
|
|
|
|
|
446.00
|
451.00
|
5.00
|
3.40
|
4.84
|
|
|
|
|
|
|
|
518.00
|
530.00
|
12.00
|
8.30
|
3.14
|
|
|
assays
|
pending
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CNT17023
|
618497.70
|
7214693.94
|
335
|
-40
|
244.05
|
|
|
|
|
|
|
Infill
|
Hole
|
Abandoned
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RIS17002
|
623099.00
|
7213712.38
|
358
|
-38
|
285.40
|
168.00
|
218.00
|
50.00
|
35.0
|
0.82
|
|
Regional
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Az = Compass
Bearing Dip
= Degrees
Inclination
CL = Core
Length TL =
True Length Top
Cut to 20 g/t gold
|
Barsele's President, Gary Cope
states, "We are very pleased with the results from the ongoing
infill, expansion and regional drilling at Barsele. Agnico Eagle
has made significant progress along the Avan-Central-Skiråsen gold
trend, as well as the Risberget zone, and most recently the Norra
VMS zone. Base of till and surface till sampling are yielding
positive results and this work suggests that the metal endowment
within the project claims could be significantly larger. We look
forward to the continued efforts from our partner Agnico Eagle, as
they continue with the quest to unlock future value at the Barsele
Project."
The majority of the technical information in this news release
was verified by way of a site visit in August of 2017 by the
Qualified Person, where the data was discussed with the site
operator, the database was reviewed and drill core was examined.
The quality control/quality assurance program at the Barsele
project is described on our website at
http://barseleminerals.com/s/QAQCProcedures-Barsele.asp.
All samples referred to in the preceding table were tested at
independent ALS Laboratories in Romania and Ireland, using ultra trace level method
(ME-MS61)-48 element by using four acid digestion together with
ICP-AES and ICP-MS analytical methods. Gold is tested by fire
assay, aqua regia digest and analysed with either atomic absorption
spectroscopy (AAS) or gravimetric finish depending on grade
(Au-AA24 and Au-GRA22). Each method has a lower and upper
calibration range for which results are accurately determined.
As project operator, Agnico Eagle has developed a community
relations program to engage the various stakeholders in the project
area. Basic environmental assessment and surface water
characterization, species studies and hydrogeology studies are
ongoing.
About the Barsele Gold Project
The Barsele Project is located on the western end of the
Proterozoic "Skellefte Trend", a prolific volcanogenic massive
sulphide deposits belt, where it intersects with the "Gold Line" in
Northern Sweden. Both polymetallic
deposits and intrusive hosted orogenic gold deposits are present in
this region and on the property. Current and past producers in the
region include Boliden, Kristineberg, Bjorkdal, Svartliden and
Storliden.
Drilling has been focused on verifying, defining and expanding
the mineral resources within and along the Central, Avan and
Skiråsen zones, that are now interpreted to be part of the same
mineralized system that extends 3.0 kilometers in strike length and
to a depth of 700 meters and is still open in all directions. These
contiguous mineralized zones occur within a granodiorite host that
ranges in width from 200 to 500 meters and is traceable over a
strike length exceeding 8.0 kilometers. Gold is generally
associated with arsenopyrite and low base metal content, but also
occurs as native metal.
Art Freeze, P.Geo. is the
Qualified Person as defined in NI 43-101 and takes responsibility
for the technical disclosure contained within this news
release.
About Barsele Minerals Corp.
Barsele is a Canada-based
junior exploration company, managed by the Belcarra Group and
comprised of highly qualified mining professionals. Barsele's main
property is the Barsele Gold Project in Västerbottens Län,
Sweden, a joint venture with
Agnico Eagle. An updated NI 43-101 Technical Report is expected to
be released toward the end of the first quarter 2018.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope
President
This News Release may contain forward-looking
statements including but not limited to comments regarding the
timing and content of upcoming work programs, geological
interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future
events and conditions and therefore involve inherent risks and
uncertainties. Actual results may differ materially from those
currently anticipated in such statements and Barsele undertakes no
obligation to update such statements, except as required by
law.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
SOURCE Barsele Minerals Corp.