- A high-grade boulder assaying 90.8 g/t Au was found 150
meters up-ice, to the northwest, along a known boulder trail
discovered in 2016.
- This boulder occurs south-southeast from the trend of the
Avan-Central Skiråsen zones. Follow-up Meffa results indicate
arsenic anomalies in the area.
- Stringent COVID-19 protocols continue to be enforced, in
order to keep the workers and the people living in the surrounding
community safe.
VANCOUVER, BC, Jan. 13, 2022 /CNW/ - Barsele Minerals
Corp. (TSXV: BME) (the "Company" or "Barsele") is
pleased to provide an operational update regarding 2021 exploration
activities 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.
A mineralized boulder trail discovered in 2016 and lying to the
southeast of the trend of the Avan-Central-Skiråsen zones was
followed up by additional work, including Meffa soil sampling and
boulder prospecting in late 2021. Another high-grade boulder of
90.8 g/t Au was found about 150 meters up-ice to the northwest
of previous boulder discoveries. This new boulder is over one meter
in diameter and is subrounded to rounded and composed of
quartz-sulphide (mainly pyrrhotite with some arsenopyrite) breccia
in fine-grained granodioritic host rock. It is interpreted to be
similar to the other boulders found in the area. The high-grade
sample did not contain any other significant grades except for Fe
and S (25.8 g/t Ag, 589 ppm As, 517 ppm Cu, 7.48% Fe, 47 ppm Pb,
3.83% S, 14 ppm Sb, 44 ppm Zn).
Preliminary Meffa (multi element fine fraction analysis) soils
indicate discontinuous arsenic anomalies in the area. The possible
sources of the boulders could be either the area of the
disappearance of the arsenic anomaly approximately 100 meters
northwest from the high-grade boulder, or the Barsele gold deposit
itself. The first area is dominated by a volcanic-sedimentary
sequence, with possible presence of narrow granodioritic
intrusions. There is also a graphite-sulphide bearing horizon
present in the area, that can cause base-metal anomalies.
Barsele's President, Gary Cope
states; "This exciting new high-grade boulder discovery could
indicate a new, source of gold mineralization at Barsele, or a
southerly fault-related displacement of the
Skiråsen Zone. More prospecting, sampling,
geophysics and drilling is required in 2022."
The technical information in this news release has been verified
by way of updates from detailed monthly reports, telephone calls
and video conferencing amongst Barsele management and Agnico Eagle
management. During the meetings, data and protocols are discussed
with the site management and the technical staff and the database
is reviewed and updated and drill core and till sampling material
and handling procedures are documented. Agnico Eagle maintains
comprehensive quality control/quality assurance protocols.
All samples referred to in this news release were tested at
independent MS Analytical Service, wherein core sawing and sample
preparation is carried out in Storuman, Sweden and the analyses of both Au and
multi-element analysis is completed in Canada. The assay method is SWED-Edh-6, which
comprises:-FAS-121, Au fire assay-AA on 50 gram-above 3 ppm Au fire
assay-gravimetric; FAS-425, Au by fire assay and gravimetric finish
50-gram nominal sample weight; IMS-230, 48 element four-acid
digestion ICP-MS; ICF-6Xx, default over limit methods for ICF-6Ag,
ICF-6As, ICF-6Cu, ICF-6Pb, ICF-6Zn, SPM-210 (S); FAS-418, Ag by
fire assay and gravimetric finish for Ag above 1,000 ppm. For
semi-massive to massive sulphide rock, ICP-130 aqua regia is used
for multi element analysis, instead of the four-acid digestion.
As project operator, Agnico Eagle has developed a community
relations program to engage the various stakeholders in the Barsele
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, that intersects with the "Gold Line" in
Northern Sweden. Both polymetallic
"VMS" deposits and intrusive hosted "Orogenic Gold" deposits are
present in this region and on this property. Current and past
producers in the region include Boliden, Kristineberg, Bjorkdal,
Svartliden and Storliden.
On February 21st, 2019
(the effective date), Barsele released an independently verified
Mineral Resource Estimate that was completed by Quebec-based InnovExplo Inc., for the purposes
of the Company. This NI 43-101 Technical Report and Mineral
Resource Estimate (Amended) for the Barsele Property was modified
and resubmitted effective December
16th, 2020. The Amended Technical Report contains
no material differences to the original technical report filed on
April 2nd, 2019.
The study concluded that drilling to the end of 2018 along the
Avan–Central–Skiråsen gold zones at a 0.50 g/t gold cut-off for a
pit constrained extraction mining method, a 1.50 g/t gold cut-off
for a bulk underground extraction mining method, a 1.80 g/t cut-off
for a selective underground extraction mining method, has in
combination, outlined an Inferred Resource of 25,495,000 tonnes
grading 2.54 g/t gold (2,086,000 ounces of contained gold) and an
Indicated Resource of 5,578,000 tonnes grading 1.81 g/t gold
(324,000 ounces of contained gold).
The main gold-bearing system remains open in all directions. The
structurally linked gold mineralized "lodes" occur mainly within a
granodiorite host and to a lesser extent, volcanic and sedimentary
rocks. Multiples of parallel to sub-parallel "lodes" that vary in
width from 10 metres to 100 metres, combine for a maximum known
thickness (including low grade-waste islands) of 425 metres. The
Avan–Central–Skiråsen zones have a strike length approaching 3.6
kilometres and that same northwest trending structural corridor
does contain localized bodies with gold mineralization over an
additional 4.4 kilometres. The drill tested depth of the
mineralized system approaches 1.0 kilometre and remains open. Gold
is generally associated with arsenopyrite and low base metal
content and occurs often 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 Canadian-based junior exploration company managed
by the Belcarra Group, 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 on the Barsele Project with an effective date of
February 21st, 2019, was
filed on SEDAR on April
2nd, 2019. This NI 34-101 Technical Report and
Mineral Reserve Estimate (Amended) for the Barsele Property was
modified and filed on SEDAR on December 16,
2020.
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 release.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/barsele-regional-exploration-discovers-new-high-grade-gold-bearing-boulder-301460588.html
SOURCE Barsele Minerals Corp.
