A Belcarra Group Company Barsele Announces the Resumption of Diamond Drilling Activities for 2022 Coring was initiated on June 3rd
A Belcarra Group Company
Barsele Announces the Resumption of Diamond Drilling
Activities for 2022
Coring was initiated on June 3rd
• Diamond drilling is budgeted for 3,000 metres (approximately 15 holes) and will test for
Orogenic Gold and Volcanogenic Massive Sulphides.
• Drilling will commence near the known Risberget Zone, to test Orogenic Gold targets in the
vicinity of previously intersected gold mineralization.
• Other Gold targets where testing is planned include Avan, Skiråsen, Bastuträsk, and Södra
Sundträsket.
• Testing for Volcanogenic Massive Sulphides will take place at the Norra Zone and Bastuträsk
target areas.
• COVID-19 protocols continue to be recommended, in order to keep the workers and the
people living in the surrounding communities safe.
June 7, 2022: Vancouver, BC, Barsele Minerals Corp. (TSX.V: BME) (the “ Company” or “ Barsele”) is pleased to
provide an operational update regarding ongoing 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.
Between January 1 and May 31, 2022, Agnico Eagle personnel and certain contractors have continued with office -
related and field-specific exploration activities at a number of exploration sites throughout the property. Work has
included geophysical surveys, base of till sampling, plus MEFFA (multi -element fine fraction analysis) surface till
sampling and data interpretation programme utilizing automated pXRF scanning, together with laser ablation and
ICP-MS, to define precious/base met al anomalous areas. All this work has been carried out in preparation for this
year’s diamond drill campaign.
New mineralized structural and stratigraphic trends continue to evolve, for both deposit types. Studies related to
gold occurrences associated with certain elements, minerals and alteration phases have been on-going.
Diamond drilling by Agnico Eagle since 2015, within the 34,533 -hectare property totals 158,439 metres of
overburden penetration and core collection from a total of 422 drill holes. ADC Drilling of Finland has been retained
to carry out the 2022 diamond drilling campaign.
Barsele Announces the Resumption of Diamond Drilling Activities for 2022
June 7, 2022
Page 2
Barsele’s President, Gary Cope states; “I am once again very pleased that diamond drilling has resumed at Barsele. I
am confident that the Agnico Eagle technical team has outlined top quality targets for both “Orogenic Gold” and
Volcanogenic Massive Sulphide “VMS” styles of mineralization.”
Since mid-2020, technical updates have been via detailed monthly reports and video conferencing between Barsele
management and Agni co Eagle management. Agnico Eagle maintains comprehensive quality control/quality
assurance protocols.
Sample results referred to in prior News Releases have been tested at independent MS Analytical Service, wherein
core cutting and sample preparation is c arried 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 f or 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 Prot erozoic “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 16 th, 2020. The Amended Technical Report contains no material differences to the original technical
report filed on April 2, 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, and a 1.80 g/t cut -off for a selective underground extraction min ing 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.
Barsele Announces the Resumption of Diamond Drilling Activities for 2022
June 7, 2022
Page 3
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.
A NI 43-101 Technical Report on the Barsele Project with an effective date of February 21st, 2019, was filed on SEDAR
on April 2 nd, 2019. This NI 43 -101 Technical Report and Mineral Resource 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
For further information, please contact Barsele Minerals Corp. at 604-687-8566, email [email protected]
or visit our website at www.barseleminerals.com.
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.