Barsele Project Exploration continues with Positive Results from both Gold and Massive Sulphide Drill Testing as well as Regional Till Sampling. At Risberget stepout hole RIS17002 adds continuity, yielding 50 meters grading 0.85 g/t gold.
November 21, 2017
Barsele Project Exploration continues with Positive Results from both Gold and Massive
Sulphide Drill Testing as well as Regional Till Sampling.
At Risberget stepout hole RIS17002 adds continuity, yielding 50 meters grading 0.85 g/t gold.
Vancouver, BC – Barsele Minerals Corp. – (TSX-V: BME) (“Barsele”) is pleased to report a n 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
project through completion of a pre-feasibility study. There is no cash outlay by Barsele until pre-feasibility is completed.
During the month of September, five diamond drills were operational within the property. Nine drill holes (3 infill and 6
expansion) tested the Avan, Central and Skiråsen zones. Other drilling was focused on the Norra massive sulfide zone (2
holes), as well as regional drilling (5 holes) along the trend of the new Risberget gold target, 3.7 kilometers to the east-
southeast of the Skiråsen Zone.
Recent significant drill results through the end of September include h ighlight regional Risberget hole RIS17002 that
yielded 50.0 meters core length (35 .0 meters true thickness) grading 0.82 g /t gold at a midpoint depth of 1 00 meters
below surface. There were four visible gold observations along this core interval. Additionally, expansion hole CNT17020
yielded 21.0 meters core length (6.7 meters true thickness) grading 2.96 g/t gold uncut (2.58 g/t gold cut) at a midpoint
depth of 600 meters below surface. Expansion hole CNT17021 yielded 7.0 meters core length (3.4 meters true thickness)
grading 5.60 g/t gold at a midpoint depth of 85 meters below surface and expansion hole CNT17022 yielded 12.0 meters
core length (8.3 meters true thickness) grading 3.14 g/t gold at a midpoint depth of 400 meters below surface. Other
drilling of significance from the Norra VMS deposit area includes hole NOR17006, within which 39 meters (106-145 meters)
of talc-chlorite-pyrrhotite-chalcopyrite alteration and mineraliza tion was intersected, while hole NOR17007 intersected
24 meters (75-99 meters) of polymetallic stringer and massive sulphide mineralization. Metal grades will be forthcoming
in a subsequent news release.
Nine holes are reported in this news release, of which six were expansion, two were infill and one was a regional test. One
hole was abandoned due to bad ground conditions. Since the initiation of drilling in late 2015 and until the end of the
month of September, 86,310 meters of core has been collected from a total of 191 drill holes. Base of till sampling is
ongoing.
Agnico Eagle’s recent surface extension trenching program has been completed. Structural mapping along the 90.0 meter
by 15.0 meter corridor validates the existing gold distribution model and more importantly provides detailed information
on quartz veining and reactivation of the various shearing and mineralization orientations. This information will assist with
the ongoing modelling of the gold deposit.
A regional surface till sampling program was carried out during the summer months . This work has resulted in a broad
area with anomalous precious and base metal responses in the northern third of the property, several kilometers to the
north of existing drilling. As the Barsele Project was originally discovered using till sampling, these results are considered
significant.
September 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)
AVA17022 617609.319 7215564.72 219 -70 802.80 150.00 152.00 2.00 0.70 6.60
Expansion
AVA17023 617781.982 7215404.07 222 -46 290.40 58.00 67.00 9.00 6.60 0.97
Expansion
AVA17024 617727.977 7215140.75 43 -56 324.20
Expansion No Significant Intersections
CNT17019 618614.72 7215120.47 218 -50 450.50 148.00 165.00 17.00 11.3 0.85
Infill 250.00 257.00 7.00 4.60 1.83
280.00 292.00 12.00 8.00 1.85
CNT17020 618529.80 7215097.77 221 -74 749.00 275.00 281.00 6.00 1.80 1.38
Expansion 288.00 295.00 7.00 2.10 1.17
333.00 340.00 7.00 2.10 1.16
430.00 433.00 3.00 0.90 3.08
450.00 457.00 7.00 2.20 1.35
619.00 640.00 21.00 6.70 2.96 2.58
660.00 670.00 10.00 3.20 1.89
CNT17021 618675.06 7215074.99 218 -65 626.00 56.00 60.00 4.00 1.90 1.25
Expansion 94.00 112.00 18.00 8.70 2.63
Inc. 94.00 101.00 7.00 3.40 5.60
122.00 136.00 14.00 6.70 1.15
143.00 148.00 5.00 2.40 2.00
335.00 351.00 16.00 7.60 1.28
377.00 409.00 32.00 15.4 1.53
458.00 464.80 6.80 3.30 2.51
CNT17022 618412.04 7214706.11 40 -54 709.50 417.00 422.00 5.00 3.40 1.94
Expansion 446.00 451.00 5.00 3.40 4.84
518.00 530.00 12.00 8.30 3.14
assays pending
CNT17023 618497.70 7214693.94 335 -40 244.05
Infill Hole Abandoned
RIS17002 623099.00 7213712.38 358 -38 285.40 168.00 218.00 50.00 35.0 0.82
Regional
Az = Compass Bearing Dip = Degrees Inclination CL = Core Length TL = True Length Top Cut to 20 g/t gold
Barsele’s President, Gary Cope states, “We are very pleased with the results from the ongoing infill, expansion and regional
drilling at Barsele. Agnico Eagle has made significant progress along the Avan-Central-Skiråsen gold trend, as well as the
Risberget zone, and most recently the Norra VMS zone. Base of till and surface till sampli ng are yielding positive results
and this work suggests that the metal endowment within the project claims could be significantly larger. We look forward
to the continued efforts from our partner Agnico Eagle, as they continue with the quest to unlock future value at the Barsele
Project."
The majority of the technical information in this news 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, th e 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 the preceding 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 either atomic absorption spectroscopy (AAS) or
gravimetric finish depending on grade (Au -AA24 and Au-GRA22). Each method has a lower and upp er 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 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 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 dept h of 7 00 meters and is 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.
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 Canada-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
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 news release.