Barsele drill hole CNT17012 yields 19.75 meters grading 5.07 g/t gold and indicates continuity along the 100-meter gap between the Central and Skiråsen Zones. As of the date of this news release, there are five drills coring at the project site.
September 19, 2017
Barsele drill hole CNT17012 yields 19.75 meters grading 5.07 g/t gold and indicates
continuity along the 100-meter gap between the Central and Skiråsen Zones.
As of the date of this news release, there are five drills coring at the project site.
Operational Update for the Barsele Au-VMS Project
Vancouver, BC – Barsele Minerals Corp. – (TSX-V: BME) (“Barsele”) is pleased to report a fourteenth operational progress
update for the ongoing exploration program within the Barsele Au -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.
During the months of May through August, between two and five diamond drilling machines were focused along the
Central and Avan zones, as well as regional drilling of gold targets and selected volcanogenic massive sulphide (VMS)
targets. Base of till (BOT) testing is ongoing.
Recent drill results through the end of July include h ighlight infill hole CNT17012 that yielded 19.75 meters core length
(estimated 14.5 meters true thickness) grading 5.07 g/t gold uncut (3.49 g/t gold cut) at a midpoint depth of 265 meters
below surface. Expansion hole AVA17010 yielded 7.0 meters core length (estimated 3.7 meters true thickness) grading
9.70 g/t gold uncut (9.47 g/t gold cut) at a midpoint depth of 320 meters below surface. This hole indicates that the system
is still open to the northwest. Infill hole CNT17011 yielded two significant intercepts, including 9.0 meters core length
(estimated 6.7 meters true thickness) grading 4.15 g/t gold uncut (3.80 g/t gold cut) at a midpoint depth of 160 meters
below surface and 19.0 meters core length estimated 14.3 meters true thickness grading 2.73 g/t gold at a midpoint depth
of 200 meters below surface.
Seventeen holes are reported in this news release of which five were expansion and ten were infill, with two being regional
tests of VMS targets. As of August 31st, 78,085 meters of core has been collected from a total of 175 core holes, since the
initiation of drilling in late 2015.
Barsele’s President, Gary Cope states, “Expansion and infill drilling continue to yield positive results in the Central and Avan
gold z ones. At Central, surface trenching in preparation for detailed structural mapping , rock chemistry and grade
determination has resumed. Regarding massive sulphide exploration, a combination of drill core-focused lithogeochemical
sampling, multi-element metal analysis, downhole geophysics and basal till/bedrock analysis has outlined favourable areas
for future drill testing.”
June-July 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)
AVA17005 617368.100 7215621.69 38 -58 345.40 215.00 224.00 9.0 4.90 0.80
Infill
AVA17006 617621.446 7215672.65 220 -45 260.10
Infill No Significant Intersections
AVA17007 617348.696 7215727.88 219 -45 626.10 9.00 15.00 6.00 4.40 0.74
Expansion 152.00 157.00 5.00 3.60 1.09
611.00 613.20 2.20 1.80 5.33
AVA17008 617571.705 7215520.92 41 -45 200.7 14.45 17.00 2.55 1.80 1.16
Expansion 119.00 124.00 5.00 3.40 2.04
AVA17009 617569.703 7215518.57 221 -62 704.55 284.00 299.00 15.00 8.10 2.17
Infill 306.00 312.00 6.00 3.20 1.12
0.76% Pb 0.80% Zn 56.14 g/t Ag 333.00 336.00 3.00 1.60 2.63
356.00 367.00 11.00 5.90 1.53
AVA17010 617348.909 7215728.14 218 -56 740.70 13.00 19.00 6.00 3.40 2.05
Expansion 306.00 314.00 8.00 4.10 1.90
371.00 378.00 7.00 3.70 9.70 9.47
AVA17011 617539.547 7215482.27 217 -56 467.20 107.00 115.00 8.00 4.70 0.82
Infill 210.00 218.00 8.00 4.90 2.29
376.00 383.00 7.00 4.80 1.88
391.00 402.00 11.00 7.60 1.13
AVA17012 617443.492 7215692.28 221 -58 850.30 51.00 55.00 4.00 2.10 1.11
Infill 175.00 179.00 4.00 2.20 2.78
291.00 308.00 17.00 9.20 0.83
Additional assays pending
CNT17008 618409.62 7215187.64 218 -54 600.95 343.00 351.25 8.25 5.10 2.11
Infill 402.00 412.00 10.00 6.20 1.25
446.00 455.00 9.00 5.60 1.05
463.00 473.00 10.00 6.30 0.82
CNT17009 618493.83 7214977.82 41 -60 385.00 24.00 35.40 11.40 5.90 1.45
Infill 58.00 67.00 9.00 4.70 1.63
212.00 220.00 8.00 4.20 1.50
234.00 240.00 6.00 3.10 2.59
CNT17010 618409.84 7215187.88 220 -74 776.60 171.00 182.00 11.00 3.40 1.11
Expansion 355.00 361.00 6.00 1.80 1.44
373.00 379.00 6.00 1.80 1.48
406.00 428.00 22.00 6.5 1.42
601.00 612.00 11.00 3.5 1.03
CNT17011 618587.909 7214823.832 40 -45 436.10 219.00 226.00 7.00 5.20 2.33
Infill 234.00 243.00 9.00 6.70 4.15 3.80
285.00 304.00 19.00 14.3 2.73
CNT17012 618495.81 7214691.80 40 -50 625.90 94.00 102.00 8.00 5.40 1.27
Infill 301.00 311.00 10.00 7.3 1.22
362.00 381.75 19.75 14.5 5.07 3.49
439.00 442.00 3.00 2.20 2.11
489.00 497.00 8.00 6.00 2.10
515.50 534.00 18.50 13.9 1.96
CNT17013 618457.14 7215134.383 220 -58 575.7 70.80 75.00 4.20 2.3 2.64
Infill 132.00 137.00 5.00 2.8 0.95
335.00 340.00 5.00 2.8 1.59
377.00 388.00 11.00 6.3 2.03
420.00 428.00 8.00 4.6 1.08
CNT17014 618495.57 7214691.57 41 -56 725.3 429.00 437.00 8.00 4.9 1.72
Expansion 559.00 568.00 9.00 5.8 2.73
575.00 581.00 6.00 3.8 2.54
588.00 594.00 6.00 3.9 2.37
NOR17001 617617.07 7216574.93 225 -62 344.6
Regional No Significant Intersections
NOR17002 616924.97 7216990.90 177 -75 482.4
Regional No Significant Intersections
Az = Compass Bearing Dip = Degrees Inclination CL = Core Length TL = True Length Top Cut to 20 g/t gold
This technical information in this release was verified by way of a site visit in August of 2017 by the Qualified Person ,
where the data was discussed with the site operator, 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 digest and analysed with an atomic absorption spectroscopy (AAS) or gravimetric
finish depending on grade (Au -AA24 and Au -GRA22). Each m ethod 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 end of the Proterozoic “Skellefte Trend”, a prolific volcanogenic massive
sulphide deposi ts 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.
The intrusive hosted gold mineralization within the Barsele Property appears to be similar to Agnico Eagle’s Goldex deposit
in Quebec. Drilling has been focused on verifying, defining and expanding the mineral resources within and along the
Central, Avan and Skiråsen zones, that are now interpreted to be part of the same mineralized s ystem that extends 3.0
kilometers in strike length and to a depth of 700 meters and still open in all directions. These contiguous mineralized zones
occur within a granodiorite host that ranges in width from 200 to 500 meters and is traceable over a strike length
exceeding 8.0 kilometers. G old is generally associated with arsenopyrite and low base metal content, but also occurs
locally 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 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 Barsele Minerals Corp. at (604) 687-8566 x228, 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