At Eastern Risberget, a mineralized body of
250 metres length and 375 metres depth has been identified and
remains open to the east-northeast and west-southwest.
- CNT17032 cut two mineralized zones, with a highlight of 7.0
metres grading 2.63 g/t gold.
- SKI17015 cut seven mineralized zones, including a final
intercept at 615 metres below surface.
- RIS17013 cut 5.0 metres grading 1.23 g/t gold, 209.0 g/t
silver, 0.16% copper, 0.20% zinc.
- RIS17020 cut 61.0 metres grading 1.12 g/t gold including 16.0
metres grading 2.98 g/t gold.
- NOR17010 cut 18.65 metres grading trace gold, 2.94 g/t silver,
0.18% zinc.
VANCOUVER, March 27, 2018 /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 "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.
Drilling was halted mid-December
2017, for the Christmas holidays. In January 2018, drilling resumed with two diamond
drilling machines operational within the property. Twenty-three
holes are reported in this news release of which one is expansion
and two are infill, six are VMS related tests at Norra and fourteen
are regional tests at Risberget. During 2017, 58,281 metres of core
was collected from a total of 123 core holes. During January of
2018, two drills cored a total of 1,555.9 metres, with two drill
holes completed and two ongoing at month end. Base of till testing
is ongoing.
At the Central Zone, hole CNT17032 cut two mineralized
intervals, with a highlight hit of 7.0 metres core length
(estimated 3.9 metres true thickness) grading 2.63 g/t gold at a
midpoint depth of 370 metres below surface.
At the Skiråsen Zone, highlight results include hole SKI17015
which cut seven mineralized zones with highlight hits of 11.0
metres core length (estimated 6.0 metres true thickness) grading
4.18 g/t gold at a midpoint depth of 520 metres below surface plus
22.0 metres core length (estimated 12.0 metres true thickness)
grading 1.88 g/t gold at a midpoint depth of 565 metres below
surface and 4.0 metres core length (estimated 2.2 meters true
thickness) grading 3.96 g/t gold at a midpoint depth of 615 metres
below surface.
At the Risberget Zone, hole RIS17013 cut a polymetallic zone of
5.0 metres core length (estimated 3.8 metres true thickness)
grading 1.23 g/t gold, 209.0 g/t silver, 0.16% copper, 0.20% zinc,
700 g/t antimony at a midpoint depth of 160 metres below surface.
Hole RIS17016 cut 28.0 metres core length (estimated 21.0 metres
true thickness) grading 1.28 g/t gold, including 8.15 metres core
length (estimated 6.1 metres true thickness) grading 2.37 g/t
gold.
Hole RIS17019 cut 5.0 metres core length (estimated 3.80 metres
true thickness) grading 2.80 g/t gold. Hole RIS17020 cut 61.0
metres core length (estimated 45.8 metres true thickness) grading
1.12 g/t gold, including 16.0 metres core length (estimated 12.0
metres true thickness) grading 2.98 g/t gold. Hole RIS17023 cut 6.3
metres core length (estimated 4.7 metres true thickness) grading
2.00 g/t gold.
At the Norra VMS Zone, hole NOR17010 cut 18.65 metres core
length, (estimated 14.0 metres true thickness) grading trace gold,
2.94 g/t silver, 0.18% zinc at a midpoint depth of 80 metres below
surface.
Barsele's President, Gary Cope
states; "Recent drilling continues to yield positive results at
Central, Skiråsen, Risberget and Norra.
We look to a successful drilling campaign in
2018."
December 2017
through January 2018 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)
|
CNT17031
|
618409.30
|
7215188.08
|
245
|
-45
|
562.80
|
140.00
|
148.00
|
8.00
|
5.60
|
1.53
|
|
Expansion
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CNT17032
|
618267.07
|
7214949.98
|
40
|
-57
|
462.90
|
380.00
|
388.00
|
8.00
|
4.40
|
1.30
|
|
Infill
|
|
|
|
|
|
438.00
|
445.00
|
7.00
|
3.90
|
2.63
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SKI17015
|
619034.21
|
7214541.36
|
41
|
-62
|
895.90
|
501.00
|
509.30
|
8.30
|
4.40
|
3.98
|
|
Infill
|
|
|
|
|
|
514.00
|
530.00
|
16.00
|
8.50
|
1.63
|
|
|
|
|
|
|
|
570.00
|
587.00
|
17.00
|
9.20
|
1.49
|
|
|
|
|
|
|
|
599.00
|
610.00
|
11.00
|
6.00
|
4.18
|
|
|
|
|
|
|
|
625.00
|
636.00
|
11.00
|
6.00
|
2.05
|
|
|
|
|
|
|
|
648.00
|
670.00
|
22.00
|
12.0
|
1.88
|
|
|
|
|
|
|
|
718.00
|
722.00
|
4.00
|
2.20
|
3.96
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RIS17011
|
621882.49
|
7213962.48
|
316
|
-45
|
406.10
|
124.00
|
134.00
|
10.00
|
7.50
|
0.59
|
|
Regional
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RIS17012
|
621768.65
|
7213842.55
|
225
|
-45
|
174.80
|
|
|
|
|
|
|
Regional
|
no
significant
|
intersections
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RIS17013
|
621769.92
|
7213839.07
|
144
|
-42
|
344.10
|
99.00
|
105.00
|
6.00
|
4.50
|
0.97
|
|
Regional
|
|
|
|
|
|
247.00
|
252.00
|
5.00
|
3.80
|
1.23
|
|
|
|
|
|
|
plus
|
247.00 -
252.00
|
209 g/t Ag
|
0.16% Cu
|
700 g
Sb
|
0.20% Zn
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RIS17014
|
622998.52
|
7213601.46
|
134
|
-45
|
347.50
|
|
|
|
|
|
|
Regional
|
no
significant
|
intersections
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RIS17015
|
623071.59
|
7213686.38
|
136
|
-45
|
356.20
|
|
|
|
|
|
|
Regional
|
no
significant
|
intersections
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RIS17016
|
622866.03
|
7213979.89
|
140
|
-55
|
380.50
|
245.00
|
273.00
|
28.00
|
21.0
|
1.28
|
|
Regional
|
|
|
|
|
incl.
|
264.85
|
273.00
|
8.15
|
6.10
|
2.37
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RIS17017
|
622329.00
|
7213590.00
|
315
|
-45
|
25.20
|
|
|
|
|
|
|
Regional
|
hole
paused
|
until
mid/18
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RIS17018
|
623213.40
|
7213630.41
|
135
|
-45
|
458.40
|
18.00
|
40.00
|
22.00
|
16.5
|
1.07
|
|
Regional
|
|
|
|
|
incl.
|
18.00
|
32.00
|
14.00
|
10.5
|
1.29
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RIS17019
|
622865.82
|
7213980.14
|
138
|
-64
|
380.50
|
273.00
|
278.00
|
5.00
|
3.80
|
1.46
|
|
Regional
|
|
|
|
|
|
294.00
|
308.00
|
14.00
|
10.5
|
1.50
|
|
|
|
|
|
|
incl.
|
303.00
|
308.00
|
5.00
|
3.80
|
2.80
|
|
|
|
|
|
|
|
317.00
|
335.00
|
18.00
|
13.5
|
0.62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RIS17020
|
622961.31
|
7214004.81
|
140
|
-55
|
310.90
|
187.00
|
248.00
|
61.00
|
45.8
|
1.12
|
|
Regional
|
|
|
|
|
incl.
|
232.00
|
248.00
|
16.00
|
12.0
|
2.98
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RIS17021
|
623314.34
|
7213616.73
|
360
|
-45
|
312.30
|
|
|
|
|
|
|
Regional
|
no
significant
|
intersections
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RIS17022
|
622865.93
|
7213979.01
|
180
|
-48
|
284.30
|
147.00
|
162.00
|
15.00
|
11.3
|
0.73
|
|
Regional
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RIS17023
|
622961.07
|
7214005.09
|
140
|
-67
|
396.00
|
189.70
|
196.00
|
6.30
|
4.70
|
2.00
|
|
Regional
|
|
|
|
|
|
279.00
|
290.00
|
11.00
|
8.30
|
1.75
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RIS17024
|
623419.52
|
7213597.39
|
136
|
-45
|
284.40
|
|
|
|
|
|
|
Regional
|
no
significant
|
intersections
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NOR17010
|
617601.827
|
7218031.458
|
215
|
-50
|
299.00
|
100.40
|
119.05
|
18.65
|
14.0
|
Tr. Au
|
|
VMS
|
|
|
|
|
plus
|
100.40 –
119.05
|
2.94 g/t
Ag
|
0.18% Zn
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NOR17011
|
618317.157
|
7218156.346
|
101
|
-40
|
313.60
|
|
|
|
|
|
|
VMS
|
assays
|
pending
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NOR17012
|
617611.121
|
7218045.567
|
45
|
-40
|
228.30
|
|
|
|
|
|
|
VMS
|
no
significant
|
intersections
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NOR17013
|
617289.995
|
7217867.719
|
188
|
-40
|
322.80
|
|
|
|
|
|
|
VMS
|
no
significant
|
intersections
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NOR17014
|
618063.189
|
7218542.926
|
260
|
-40
|
240.80
|
|
|
|
|
|
|
VMS
|
no
significant
|
intersections
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NOR17015
|
617384.547
|
7218101.159
|
209
|
-45
|
220.70
|
|
|
|
|
|
|
VMS
|
no
significant
|
intersections
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Az = Compass
Bearing Dip =
Degrees Inclined
CL = Core Length TL = Est. True
Length Top Cut varies 40-18
grams
|
The technical information in this news release was verified by
way of a site visit in December of 2017, by the Qualified Person,
where the data was discussed with the site management and technical
staff and the database was reviewed and drill core was
examined. The quality control/quality assurance program at
the Barsele Project is described on the Barsele website at
http://barseleminerals.com/s/QAQCProcedures-Barsele.asp.
All samples referred to in this 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 digestion and analysed with an 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 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, 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 Avan, Central and
Skiråsen zones and recently the Risberget Zone.
This gold system remains open in all directions. These
structurally-linked mineralized zones occur within
granodiorite-volcanic-sedimentary host rocks that vary in width
from 10's of metres to 500 metres and have been traced 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 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 is expected to be released by mid-April of 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 release
SOURCE Barsele Minerals Corp.