Barsele Project drill hole at the Skiråsen Zone yields 11.0 metres grading 4.18 g/t gold and drilling at the new Risberget Zone yields 16.0 metres grading 2.98 g/t gold. At Eastern Risberget, a mineralized body of 250 metres length and 375 metres depth has been identified
March 27, 2018 A Belcarra Group Company
Barsele Project drill hole at the Skiråsen Zone yields 11.0 metres grading 4.18 g/t gold
and drilling at the new Risberget Zone yields 16.0 metres grading 2.98 g/t gold.
At Eastern Risberget, a mineralized body of 250 metres length and 375 metres depth has been identified
and remains open to the east-northeast and west-southwest.
• CNT17032 cut two mineralized zones, with a highlight of 7.0 metres grading 2.63 g/t gold.
• SKI17015 cut seven mineralized zones, including a final intercept at 615 metres below surface.
• RIS17013 cut 5.0 metres grading 1.23 g/t gold, 209.0 g/t silver, 0.16% copper, 0.20% zinc.
• RIS17020 cut 61.0 metres grading 1.12 g/t gold including 16.0 metres grading 2.98 g/t gold.
• NOR17010 cut 18.65 metres grading trace gold, 2.94 g/t silver, 0.18% zinc.
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
“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 by
Barsele until pre-feasibility is completed.
Drilling was halted mid-December 2017, for the Christmas holidays. In January 2018, drilling resumed with two diamond
drilling machines operational within the prop erty. Twenty-three holes are reported in this news release of which one is
expansion and two are infill, six are VMS related tests at Norra and fourteen are regional tests at Risberget. During 2017,
58,281 metres of core was collected from a total of 123 core holes. During January of 2018, two drills cored a total of
1,555.9 metres, with two drill holes completed and two ongoing at month end. Base of till testing is ongoing.
At the Central Zone, hole CNT17032 cut two mineralized intervals, with a highlight hit of 7.0 metres core length (estimated
3.9 metres true thickness) grading 2.63 g/t gold at a midpoint depth of 370 metres below surface.
At the Skiråsen Zone, highlight results include hole SKI17015 which cut seven mineralized zones with highlight hits of 11.0
metres core length (estimated 6.0 metres true thickness) grading 4.18 g/t gold at a midpoint depth of 520 metres bel ow
surface plus 22.0 metres core length (estimated 12.0 metres true thickness) grading 1.88 g/t gold at a midpoint depth of
565 metres below surface and 4.0 metres core length (estimated 2.2 meters true thickness) grading 3.96 g/t gold at a
midpoint depth of 615 metres below surface.
At the Risberget Zone, hole RIS17013 cut a polymetallic zone of 5 .0 metre s core length (estimated 3.8 metres true
thickness) grading 1.23 g/t gold, 209.0 g/t silver, 0.16% copper, 0.20% zinc, 700 g/t antimo ny at a midpoint depth of 160
metres below surface. Hole RIS17016 cut 28.0 metres core length (estimated 21.0 metres true thickness) grading 1.28 g/t
gold, including 8.15 metres core length (estimated 6.1 metres true thickness) grading 2.37 g/t gold.
Hole RIS17019 cut 5.0 metres core length (estimated 3.80 metres true thickness) grading 2.80 g/t gold. Hole RIS17020 cut
61.0 metres core length (estimated 45.8 metres true thickness) grading 1.1 2 g/t gold, including 16.0 metre s core length
(estimated 12.0 metre s true thickness) grading 2.98 g/t g old. Hole RIS17023 cut 6.3 metre s core length (estimated 4.7
metres true thickness) grading 2.00 g/t gold.
At the Norra VMS Zon e, hole NOR17010 cut 18.65 metres co re length, (estimated 14.0 metres true thickness) gradi ng
trace gold, 2.94 g/t silver, 0.18% zinc at a midpoint depth of 80 metres below surface.
Barsele’s President, Gary Cope states; “Recent drilling continues to yield positive results at Central, Skiråsen, Risberget and
Norra. We look to a successful drilling campaign in 2018.”
December 2017 through January 2018 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)
CNT17031 618409.30 7215188.08 245 -45 562.80 140.00 148.00 8.00 5.60 1.53
Expansion
CNT17032 618267.07 7214949.98 40 -57 462.90 380.00 388.00 8.00 4.40 1.30
Infill 438.00 445.00 7.00 3.90 2.63
SKI17015 619034.21 7214541.36 41 -62 895.90 501.00 509.30 8.30 4.40 3.98
Infill 514.00 530.00 16.00 8.50 1.63
570.00 587.00 17.00 9.20 1.49
599.00 610.00 11.00 6.00 4.18
625.00 636.00 11.00 6.00 2.05
648.00 670.00 22.00 12.0 1.88
718.00 722.00 4.00 2.20 3.96
RIS17011 621882.49 7213962.48 316 -45 406.10 124.00 134.00 10.00 7.50 0.59
Regional
RIS17012 621768.65 7213842.55 225 -45 174.80
Regional no significant intersections
RIS17013 621769.92 7213839.07 144 -42 344.10 99.00 105.00 6.00 4.50 0.97
Regional 247.00 252.00 5.00 3.80 1.23
plus 247.00 -
252.00
209 g/t
Ag
0.16%
Cu
700 g
Sb
0.20%
Zn
RIS17014 622998.52 7213601.46 134 -45 347.50
Regional no significant intersections
RIS17015 623071.59 7213686.38 136 -45 356.20
Regional no significant intersections
RIS17016 622866.03 7213979.89 140 -55 380.50 245.00 273.00 28.00 21.0 1.28
Regional incl. 264.85 273.00 8.15 6.10 2.37
RIS17017 622329.00 7213590.00 315 -45 25.20
Regional hole paused until mid/18
RIS17018 623213.40 7213630.41 135 -45 458.40 18.00 40.00 22.00 16.5 1.07
Regional incl. 18.00 32.00 14.00 10.5 1.29
RIS17019 622865.82 7213980.14 138 -64 380.50 273.00 278.00 5.00 3.80 1.46
Regional 294.00 308.00 14.00 10.5 1.50
incl. 303.00 308.00 5.00 3.80 2.80
317.00 335.00 18.00 13.5 0.62
RIS17020 622961.31 7214004.81 140 -55 310.90 187.00 248.00 61.00 45.8 1.12
Regional incl. 232.00 248.00 16.00 12.0 2.98
RIS17021 623314.34 7213616.73 360 -45 312.30
Regional no significant intersections
RIS17022 622865.93 7213979.01 180 -48 284.30 147.00 162.00 15.00 11.3 0.73
Regional
RIS17023 622961.07 7214005.09 140 -67 396.00 189.70 196.00 6.30 4.70 2.00
Regional 279.00 290.00 11.00 8.30 1.75
RIS17024 623419.52 7213597.39 136 -45 284.40
Regional no significant intersections
NOR17010 617601.827 7218031.458 215 -50 299.00 100.40 119.05 18.65 14.0 Tr. Au
VMS plus 100.40 –
119.05
2.94 g/t
Ag
0.18%
Zn
NOR17011 618317.157 7218156.346 101 -40 313.60
VMS assays pending
NOR17012 617611.121 7218045.567 45 -40 228.30
VMS no significant intersections
NOR17013 617289.995 7217867.719 188 -40 322.80
VMS no significant intersections
NOR17014 618063.189 7218542.926 260 -40 240.80
VMS no significant intersections
NOR17015 617384.547 7218101.159 209 -45 220.70
VMS no significant intersections
Az = Compass Bearing Dip = Degrees Inclined CL = Core Length TL = Est. 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 the Barsele
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 Barsele P roject area. Basic environmental assessment and surface water ch aracterization, 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 metres to 500 metres 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 , 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 by mid-April of 2018.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope
President
For further information, please contact 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