Barsele Project drill hole at the Skiråsen Zone yields 95.0 meters grading 1.63 g/t gold, including 30.0 meters grading 2.10 g/t gold. Recent drilling has expanded the Risberget gold-potential zone from 250 meters to 1,300 meters.
January 18, 2018 A Belcarra Group Company
Barsele Project drill hole at the Skiråsen Zone yields 95.0 meters grading 1.63 g/t gold,
including 30.0 meters grading 2.10 g/t gold.
Recent drilling has expanded the Risberget gold-potential zone from 250 meters to 1,300 meters.
• Drill results-related gap between Skiråsen and Risberget zones reduced to 2.4 km from 3.7 km.
• AVA17034 extends two lodes by 150 meters, with a highlight of 13.0 meters grading 2.44 g/t gold.
• CNT17030 cuts 6 mineralized zones, with a highlight hit of 12.0 meters grading 2.37 g/t gold.
• SKI17009 cuts 6 mineralized zones, with a highlight hit of 39.0 meters grading 2.02 g/t gold.
• SKI17011 cuts 7 mineralized zones, with a highlight hit of 49.0 meters grading 2.02 g/t gold.
• SKI17013 cuts 3 mineralized zones, with a highlight hit of 21.0 meters grading 2.73 g/t gold.
• RIS17009 cuts 3 mineralized zones with a highlight hit of 9.0 meters grading 1.69 g/t gold.
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.
During the month of November 2017, four diamond drilling machines were operational within the property. Three infill
drill holes and ten regional exploration drill holes were completed during the month, with three drill holes ongoing at
month’s end. Base of till testing is ongoing.
Twelve holes are reported in this news release of which two are expansion and six are infill, and two are VMS related tests
at Norra and two are regional tests at Risberget. As of November 30th, 97,029 meters of core has been collected from a
total of 214 core holes, since the initiation of drilling in late 2015.
At the Avan Zone, hole AVA17034 cut three mineralized zones, with a highlight hit of 13.0 meters core length (estimated
7.0 meters true thickness) grading 2.44 g/t gold at a midpoint depth of 480 meters below surface. (Avan gold results where
applicable are capped at 18 g/t).
At the Central Zone, hole CNT17030, cut six mineralized zones, with a highlight hit of 12.0 meters core length (estimated
6.5 meters true thickness) grading 2.37 g/t gold at a midpoint depth of 320 meters below surface. (Central gold results
where applicable are capped at 40 g/t).
At the Skiråsen Zone, highlight results include hole SKI17009 which cut six mineralized zones with highlight hits of 39.0
meters core length (estimated 11.0 meters true thickness) grading 2.02 g/t gold at a midpoint depth of 370 meters below
surface, plus 95.0 meters core length (estimated 33.0 meters true thickness) grading 1.63 g/t gold at a midpoint depth of
745 meters below surface. Hole SKI17011 cut seven mineralized zones including 13.0 meters core length (6.3 meters true
thickness) grading 2.49 g/t gold at a midpoint depth of 230 meters below surface, plus 49.0 meters core length (estimated
24.0 meters true thickness) grading 2.02 g/t gold at a midpoint depth of 360 meters below surface, plus 4.0 meters core
length (estimated 2.0 meters true thickness) grading 6.78 g/t gold at a midpoint depth of 510 meters below surface. Hole
SKI17013 cut three mineralized zones , with a highlight hit of 21.0 meters core length (estimated 16.0 meters true
thickness) grading 2.73 g/t gold at a midpoint depth of 315 meters below surface. (Skiråsen gold results where applicable
are capped at 30 g/t).
At the Risberget Zone, hole RIS17009 cut three mineralized zones with a highlight hit of 9.0 meters core length (estimated
6.8 meters true thickness) grading 1.69 g/t gold at a midpoint depth of 155 meters below surface. (Risberget gold results
where applicable have been capped at 20 g/t).
The 3D wireframe modelling of the gold mineralization at the Avan, Central and Skiråsen zones has been completed, with
20 defined lodes at Avan, 15 defined lodes at Central, 12 defined lodes at Skiråsen.
Barsele’s President, Gary Cope states; “Recent drilling has expanded the Risberget gold-potential zone from 250 meters to
1,300 meters and to a depth of 180 meters . We look forward to future d rill results from this exciti ng new sector of the
property and w e are interested to learn the results of t he 3D wireframe modelling of the intrusive-hosted gold
mineralization at the Avan, Central and Skiråsen zones.”
November 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)
AVA17034 617245.50 7215770.72 219 -58 707.20 363.00 369.00 6.00 3.20 1.44
Expansion 504.00 516.00 12.00 6.40 0.90
558.00 571.00 13.00 7.00 2.44
CNT17030 618794.30 7214614.85 360 -61 690.00 258.00 265.00 7.00 3.70 2.21
Infill 311.00 336.00 25.00 13.4 1.23
366.00 378.00 12.00 6.50 2.37
390.00 396.00 6.00 3.20 1.87
536.00 543.00 7.00 3.90 1.38
600.00 604.80 4.80 2.70 2.16
SKI17009 619032.85 7214613.19 332 -70 924.00 211.00 218.00 7.00 2.30 1.80
Expansion 249.00 295.00 46.00 15.0 0.96
353.00 359.00 6.00 2.00 3.39
377.00 416.00 39.00 11.0 2.02
517.00 526.00 9.00 3.00 4.04
741.00 836.00 95.00 33.0 1.63
incl 741.00 771.00 30.00 10.2 2.10
incl 799.00 836.00 37.00 12.7 1.86
SKI17010 619124.27 7214599.84 330 -47 344.40 297.00 309.00 12.00 8.70 0.63
Infill 330.00 334.00 4.00 3.00 2.50
SKI17011 619124.99 7214599.56 341 -62 604.5 172.00 188.00 16.00 7.60 1.24
Infill 256.00 269.00 13.00 6.30 2.49
312.00 326.00 14.00 6.80 1.89
383.00 432.00 49.00 24.0 2.02
443.00 458.00 15.00 7.10 1.53
503.00 511.00 8.00 3.80 1.37
580.00 584.00 4.00 2.00 6.78
SKI17012 619199.52 7214627.95 328 -57 132.40 36.00 39.00 3.00 1.80 3.29
Infill 75.00 81.00 6.00 3.50 2.03
SKI17013 619032.38 7214614.03 332 -45 545.20 92.00 97.00 5.00 3.60 2.23
Infill 161.00 165.00 4.00 3.00 2.77
458.00 479.00 21.00 16.0 2.73
SKI17014 619201.21 7214625.31 331 -57 851.90 39.00 46.00 7.00 4.10 2.66
Infill 73.00 85.00 12.00 7.00 1.13
239.00 251.00 12.00 7.10 1.37
287.00 293.00 6.00 3.60 1.86
NOR17008 617033.038 7216912.954 203 -75 597.10
VMS no significant intersections
NOR17009 617032.293 7216914.948 161 -72 640.20
VMS no significant intersections
RIS17009 621883.41 7213962.34 145 -65 490.80 95.00 108.00 13.00 9.80 1.42
Regional 119.00 125.00 6.00 4.50 1.33
168.00 177.00 9.00 6.80 1.69
RIS17010 621883.02 7213962.83 55 -45 252.40
Regional 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 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 Barsele P roject area . B asic environmental assessment an d 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 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, definin g 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 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