Le Lézard
Classified in: Mining industry, Business
Subject: JVN

Barsele drill hole at Risberget yields 32.0 meters grading 2.92 g/t gold, with a second drill hole yielding 1.0-meter grading 248.0 g/t gold. Recent Drilling has Expanded the Risberget Mineralized Zone to 250 meters.



Drilling at the Norra VMS Zone yields 9.5 meters grading 1.4 g/t Au, 10.54 g/t Ag, 1.61% Zn.

VANCOUVER, Jan. 3, 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 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 Barsele Project through the completion of a pre-feasibility study. There is no cash outlay by Barsele until Pre-Feasibility is completed.

Barsele Minerals Corp. (CNW Group/Barsele Minerals Corp.)

During the month of October, five diamond drilling machines were operational within the property. Six drill holes (four infill and two expansion) tested the Central and Skiråsen zones. Other drilling was focused on the Norra massive sulphide zone (two holes), as well as regional drilling (two holes) along the trend of the new Risberget gold target, 3.7 kilometers to the east-southeast of the Skiråsen Zone. Base of till (BOT) testing is ongoing.

Twenty-five holes are reported in this news release of which ten were expansion and seven were infill, with six being regional tests at Risberget and two being VMS tests at Norra.  As of October 31st, 92,648 meters of core has been collected from a total of 202 core holes, since the initiation of drilling in late 2015.

At the Risberget Zone, recent significant drill results include highlight regional hole RIS17007 that yielded 32.0 meters core length (estimated 24.0 meters true thickness) grading 2.92 g/t gold uncut (1.58 g/t gold cut) at a midpoint depth of 75 meters below surface and hole RIS17005 yielded 1.0-meter core length (estimated 0.8-meter true thickness) grading 248.0 g/t gold uncut (20.0 g/t gold cut) at a midpoint depth of 15 meters below surface. (Risberget gold results have been capped at 20 g/t).

At the Norra VMS Zone, highlight hole NOR17007 yielded 9.5 meters core length (estimated 7.15 meters true thickness) grading 1.40 g/t gold, 10.54 g/t silver, 1.61% zinc at a midpoint depth of 70 meters below surface. This intercept lies along one limb of what is interpreted to be a folded mineralized massive sulphide-bearing horizon. (No capping has yet been applied to Norra mineralization).

Highlight results from the Central Zone include hole CNT17028, that cut ten distinct mineralized intervals, culminating with the deepest intersection to date at Barsele of 12.0 meters core length (estimated 5.9 meters true thickness) grading 3.61 g/t gold at a midpoint depth of 875 meters below surface. Hole CNT17025 yielded 21.0 meters core length (estimated 16.2 meters true thickness) grading 2.44 g/t gold at a midpoint depth of 325 meters below surface. Hole CNT17027 cut 7.0 meters core length (estimated 3.6 meters true thickness) grading 5.17 g/t gold at a midpoint depth of 370 meters below surface, plus 22.0 meters core length (estimated 11.6 meters true thickness) grading 2.51 grams per tonne gold at a midpoint depth of 550 meters below surface. (Central drill-related gold results are now being capped at 40 g/t).

At the recently expanded and extended trench at Central, 543 saw-cut channel samples were collected from outcrop during the month of October. Twenty-one 1.0-meter samples were collected along the trend of a polymetallic quartz vein and 26 samples were collected from five different sample lines across that vein. The 0.5 to 1.5-meter-wide vein, located along a low angle reverse fault plane, yielded average grades of 3.12 g/t gold, 22.8 g/t silver, 0.57% lead, 1.55% zinc and 1,732 g/t antimony.

Highlight results from the Skiråsen Zone include hole SKI17007 that cut a 1.10 meter core length (estimated 0.5 meter true thickness) grading 101.70 g/t gold uncut (16.88 g/t gold cut) at a midpoint depth of 260 meters below surface and hole SKI17008 cut eight distinct mineralized intervals, including 14.0 meters core length (estimated 7.7 meters true thickness)  grading 2.12 g/t gold at a midpoint depth of 255 meters below surface, plus 9.0 meters core length (estimated 5.0 meters true thickness) grading 7.56 g/t gold at a midpoint depth of 330 meters below surface, plus 14.10 meters core length (estimated 8.2 meters true thickness) grading 2.04 g/t gold at a midpoint depth of 430 meters below surface, plus 1.10 meters core length (estimated 0.70 meters true thickness) grading 9.97 g/t gold at a midpoint depth of 550 meters below surface. (Skiråsen drill-related gold results are now being capped at 30 g/t).

Barsele's President, Gary Cope states; "Two hundred and fifty meters of drill-related gold continuity at Risberget is considered to be highly consequential in the evolution of the Barsele gold system and the latest massive sulphide-style intercept at Norra is an exciting step forward in the understanding of the geological and structural controls of this style of mineralization within the property. Expansion and infill drilling continue to yield positive results within the Central and Skiråsen gold zones."

October 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)

AVA17025

617128.603

7215629.58

38

-58

476.15







Expansion

no significant

intersections






















AVA17026

617791.353

7215015.91

40

-58

662.60

423.00

426.10

3.10

2.00

1.56


Expansion

hole extended

assays pending






















AVA17027

617576.694

7215465.96

37

-45

203.00







Expansion

no significant

intersections






















AVA17028

617575.099

7215465.16

37

-58

275.60

108.00

125.00

17.00

9.30

1.28


Expansion






194.00

204.00

10.00

5.60

0.90














AVA17029

616901.769

7215607.68

37

-45

197.15

95.00

101.00

6.00

4.10

1.65


Expansion
























AVA17030

617496.665

7215587.80

41

-45

151.85

108.00

122.00

14.00

10.5

0.96


Infill






150.00

151.85

1.85

1.40

1.28














AVA17031

616925.719

7215663.05

40

-45

266.00

10.00

22.00

12.00

8.60

0.46


Expansion
























AVA17032

617494.894

7215584.83

220

-65

830.80

515.00

527.00

12.00

8.30

1.68


Infill






673.00

678.00

5.00

3.80

3.40


























AVA17033

616835.786

7215655.81

40

-45

292.70

117.00

125.00

8.00

5.80

0.61


Expansion
























CNT17024

618412.46

7214706.63

40

-42

587.00

123.00

127.00

4.00

3.20

1.43


Infill






349.85

354.00

4.15

3.50

2.45








401.00

414.00

13.00

11.0

1.47








421.00

427.00

6.00

5.00

1.32








442.00

447.00

5.00

4.20

1.36








457.00

461.00

4.00

3.40

2.41








470.00

489.40

19.40

16.4

1.49














CNT17025

618501.33

7214696.33

40

-46

595.25

80.00

86.00

6.00

4.40

1.65


Infill






402.00

409.00

7.00

5.40

1.68








467.00

472.00

5.00

3.90

1.74








485.00

506.00

21.00

16.2

2.44














CNT17026

618714.95

7214614.65

360

-65

898.20

605.00

624.00

19.00

8.90

1.57


Expansion






689.00

695.00

6.00

2.80

1.32








736.00

742.00

6.00

2.80

1.27








781.00

786.00

5.00

2.40

7.16








825.00

840.00

15.00

7.00

2.30














CNT17027

618873.23

7214719.46

325

-62

680.05

134.00

142.00

8.00

3.90

2.02


Expansion






420.00

427.00

7.00

3.60

5.17








466.00

472.00

6.00

3.10

3.71








589.00

596.00

7.00

3.70

1.89








626.00

648.00

22.00

11.6

2.51














CNT17028

618714.84

7214614.93

40

-66

1086.20

437.00

453.00

16.00

7.30

2.39


Expansion






472.00

479.00

7.00

4.00

2.39








561.00

570.00

9.00

4.10

2.01








615.00

627.00

12.00

5.50

3.29








733.00

747.00

14.00

6.60

2.05








784.00

794.00

10.00

4.70

1.63








803.00

809.00

6.00

2.90

2.72








908.00

924.00

16.00

7.80

2.08








942.00

946.00

4.00

1.90

4.03








977.00

989.00

12.00

5.90

3.61














CNT17029

618873.41

7214720.00

360

-56

481.45

358.00

377.00

19.00

11.3

1.78


Infill
























SKI17007

619127.10

7214524.20

002

-43

483.80

326.00

340.75

14.75

11.2

1.04


Infill

top capped to

30 grams




386.90

388.00

1.10

0.50

101.7

16.88













SKI17008

619032.72

7214613.45

332

-58

701.70

144.00

152.00

8.00

4.40

1.39


Infill






171.00

182.00

11.00

6.00

1.53








275.00

280.00

5.00

2.80

2.14








296.00

310.00

14.00

7.70

2.12








395.00

404.00

9.00

5.00

7.56








481.00

490.00

9.00

5.20

1.56








512.00

526.10

14.10

8.20

2.04








662.90

664.00

1.10

0.70

9.97














RIS17003

623099.00

7213711.42

359

-52

362.20







Regional

no significant

intersections






















RIS17004

623066.35

7213690.70

320

-38

340.90

124.00

135.00

11.00

8.30

0.63


Regional






163.00

170.00

7.00

5.30

0.88














RIS17005

623210.22

7213633.18

360

-53

302.20

20.00

21.00

1.00

0.80

248.0

20.00

Regional

above top cap

to 20 grams




70.00

72.00

2.00

1.50

1.79



top capped to

20 grams




92.00

96.00

4.00

3.00

7.24

5.56













RIS17006

623210.26

7213634.52

360

-40

423.70







Regional

no significant

intersections






















RIS17007

622989.85

7213656.72

316

-38

354.30

109.00

141.00

32.00

24.0

2.92

1.58

Regional

top capped to

20 grams



Incl.

123.00

129.00

6.00

4.50

12.13

5.01













RIS17008

622993.18

7213607.73

320

-38

369.90

217.00

221.00

4.00

3.00

4.05


Regional
























NOR17006

617119.13

7216906.67

216

-48

417.60







VMS

no significant

intersections






















NOR17007

617058.19

7216851.46

232

-68

492.30

74.00

83.50

9.50

7.15

1.40


VMS





1.61 % Zn

10.5 g/t Ag

0.20% Cu

Tr Pb




Az = Compass Bearing       Dip = Degrees Inclination       CL = Core Length       TL = 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 our 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 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 meters to 500 meters 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 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 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.


These press releases may also interest you

at 12:00
LendUp, the fast-growing fintech firm for the emerging middle class, today announced Capital One co-founder Nigel Morris joined as board chair, and Frank Rotman, an early Capital One employee and its longtime chief credit officer, joined as board...

at 12:00
Far Bank Enterprises, Inc., the parent company of Sage Fly Fishing, Redington, and RIO Products, today announced the acquisition of Ashland, Ore.-based Fly Water Travel, a premier travel company dedicated to arranging trips to the world's finest...

at 12:00
Kip Kangogo set to defend his title and races for his seventh win in 10 years VANCOUVER, June 21, 2018 /CNW/ ? More than 6,400 racers will be lacing up their shoes on Sunday, June 24, to participate in the Scotiabank Vancouver Half-Marathon and...

at 12:00
Northwestern Mutual is forming a new partnership with Marquette University and the University of Wisconsin-Milwaukee (UWM) to create the Northwestern Mutual Data Science Institute. The partnership is the latest step by the financial security company...

at 12:00
CHICAGO, June 21, 2018 /PRNewswire-PRWeb/ -- Strive Consulting CEO, Ron Rother, has been recognized as a Top CEO in 2018 by Glassdoor Employees' Choice Award. Rother ranked #5 on the Top CEO list for the U.S. Small & Medium companies category....

at 12:00
GNT Biotech & Medicals Co., Ltd. (GNTbm, TPEx Emerging: 7427) announced that it has awarded exclusive sales and marketing rights in Taiwan of anticancer drug Chidamide to pharmaceutical distribution company Taiwan Specialty Pharma Corp. (TSPC) for...




News published on 3 january 2018 at 08:30 and distributed by: