Barsele infill drill hole SKI17003 yields eight gold intercepts, including 4.0 meters grading 60.18 g/t gold and extends Skiråsen mineralization to 595 meters depth. Operational Update for the Barsele Au-VMS Project
April 4, 2017
Barsele infill drill hole SKI17003 yields eight gold intercepts, including 4.0 meters grading
60.18 g/t gold and extends Skiråsen mineralization to 595 meters depth.
Operational Update for the Barsele Au-VMS Project
Vancouver, BC – Barsele Minerals Corp. – (TSX-V: BME) (“Barsele”) is pleased to report an eleventh operational
progress update for the current 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 month of February, three diamond drilling machines were focused within and along the trend of the Central
and Skiråsen zones, where expansion, infill and twin-hole drilling has taken place. Highlight infill hole SKI17003 yielded
50.0 meters core length (estimated 29.7 meters true thickness) grading 3.10 g/t gold uncut (1.75 g/t gold cut) at a
midpoint depth of 445 meters below surface, plus 4.0 meters core length (estimated 2.5 meters true thickness) grading
60.18 g/t gold uncut (9.27 g/t gold cut) at a midpoint depth of 490 meters below surface, plus 5.0 meters true thickness
grading 1.07 g/t gold at a midpoint depth of 595 meters below surface. Additional assays from previously mentioned
infill hole SKI16015 yielded anomalous zinc mineralization between 775 and 795 meters depth, with zinc grades varying
between 0.10 and 2.8 percent.
Four holes were completed during the month of February of which one was expansion and three were infill. During the
month, 3,249 meters were drilled and there were 2,298 samples sent for analysis, with 3,023 assay results received.
Barsele’s President, Gary Cope states, “Infill hole SKI17003 has delivered eight good gold intercepts and a significant gold
intercept 595 meters below surface. The presence of zinc in infill hole SKI16015 is encouraging and we look forward to
ongoing drill results from this large and evolving mineralized system.”
February 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)
SKI16014 619319.07 7214359.03 40 -45 879.60 601.3 625.0 23.70 19.5 0.54
Expansion
SKI16015 619300.00 7214521.00 40 -58 825.50 190.0 222.0 32.0 17.0 0.79
Infill 274.0 280.0 6.0 3.20 2.12
289.0 333.0 44.0 23.0 0.70
362.0 369.0 7.0 3.70 3.65
383.0 414.0 31.0 16.5 2.29
449.0 462.0 13.0 7.0 1.28
561.0 576.0 15.0 8.0 1.12
713.0 719.0 6.0 3.5 2.87
SKI17001 619221.00 7214516.00 360 -47 525.10 98.0 125.0 27.0 19.5 1.01
Infill 199.0 217.0 18.0 13.5 1.49
278.0 287.0 9.0 7.0 1.58
321.0 350.0 29.0 22.2 2.40 2.09
421.0 427.0 6.0 4.7 1.15
SKI17002 619427.07 7214352.69 37 -45 743.80 700.0 707.0 7.0 5.4 0.88
Expansion
SKI17003 619300.55 7214519.55 327 -54 771.50 160.0 174.0 14.0 8.5 1.32
Infill 211.0 215.0 4.0 3.0 2.76
294.0 315.0 21.0 12.5 3.09 2.82
398.0 414.0 16.0 9.5 3.51 3.32
434.0 476.0 42.0 24.8 2.06
517.0 567.0 50.0 29.7 3.10 1.75
596.0 600.0 4.0 2.5 60.18 9.27
744.0 752.0 8.0 5.0 1.07
SKI17004 619221.00 7214516.00 360 -62 645.40 246.08 248.0 1.92 1.0 24.87 6.45
Infill 293.0 306.1 13.1 7.0 3.12 2.75
320.0 344.0 24.0 13.0 1.10
Further Assays Pending
CNT17001 618639.61 7214999.67 215 -61 192.40 4.0 13.5 9.5 4.5 2.09
Twin 28.0 33.0 5.0 2.4 1.79
45.0 51.0 6.0 2.9 1.53
63.0 137.0 74.0 35.0 1.56
146.0 154.0 8.0 3.8 1.82
172.95 189.0 16.05 7.7 1.66
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 March, 2017 by the Qualified Person, where
the data was discussed with the site operator, the database was reviewed, and the drill core was examined. The press
release is also reviewed by Agnico Eagle prior to dissemination. Agnico Eagle uses an industry accepted quality
control/quality assurance program at the Barsele project, as described more thoroughly 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 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. Basal till drilling has resumed. Planning toward VMS target drilling is underway.
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.
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 system that
extends approximately 3.0 kilometers in strike length and to a depth of 600 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. Gold is generally associated with arsenopyrite and low base
metal content, but also occurs as native metal locally.
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 Mines
Limited. The company has retained the services of Amec Foster Wheeler to complete an Independent Review of the
Barsele Mineral Resource Update that was recently created by Agnico Eagle. An updated NI 43-101 Technical Report will
be prepared if warranted.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope
President
For further information, please contact Barsele Minerals Corp. at (604) 687-8566 x227, 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