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,
January 3, 2018 A Belcarra Group Company
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, BC – 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.
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 b een
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 de pth of 325 meters below surface. H ole 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 SKI 17008 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 de pth 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 conse quential 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 d rilling 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 Qualifi ed
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 i n
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 e nd of the Proterozoic “Skellefte Trend”, a prolific volcanogenic massive
sulphide deposits belt, where it inte rsects with the “Gold Line” in N orthern 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
For further information, please contact Alex Tsakumis, VP Corporate Development at Barsele Minerals Corp. at (604) 687-
8566 x 228, 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