Conversion Drill Hole SKI16013 yields 26.00 meters grading 4.00 g/t gold, plus 35.00 meters grading 1.96 g/t gold. Validation Hole AVA16022 yields 2.00 meters containing polymetallic quartz veins grading 2.87 g/t gold, 286.00 g/t silver, 2.67% lead, 0.62% zinc.
February 09, 2017
Conversion Drill Hole SKI16013 yields 26.00 meters grading 4.00 g/t gold, plus 35.00
meters grading 1.96 g/t gold.
Validation Hole AVA16022 yields 2.00 meters containing polymetallic quartz veins
grading 2.87 g/t gold, 286.00 g/t silver, 2.67% lead, 0.62% zinc.
Operational Update for the Barsele Au-VMS Project
Vancouver, BC – Barsele Minerals Corp. – (TSX-V: BME) (“Barsele”) is pleased to report a ninth
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 L imited – (TSX, NYSE: AEM) (“Agnico Eagle”). Ownership in the project is
55% Agnico Eagle and 45% Barsele.
During the month of December, four machines continued diamond drilling until the Christmas break, with
two validation and four conversion holes completed within and along the trend of the Avan, Central and
Skiråsen zones. Highlight conversion hole SKI16013 yielded 26 .00 meters core length (estimated 19.50
meters true thickness) grading 4.00 g/t gold uncut (1.65 g/t gold cut) at a midpoint depth of 120 meters
below surface, plus 46.00 meters core length (estimated 35.00 meters true th ickness) grading 1.96 g/t
gold at a midpoint depth of 205 meters below surface . In addition, validation hole AVA16022 cut 2.50
meters core length (estimated 2 .00 meters true thickness) containing polymetallic quartz veins grading
2.87 g/t gold, 286.00 g/t silver, 2.67% lead, 0.62% zinc.
During December, 3,045 meters were drilled, for a cumulative total of 39,111 meters in 85 holes, since
October 2015. That month, there were 2,462 core samples sent for analysis, with 3,823 core assay results
received.
Basal till sampling results have been received . There were 129 basal till samples and 135 top of outcrop
samples submitted for analysis. The analytical results indicate that the gold mineralization most likely
continues between the Central and Avan zones and there is a possibility for additional parallel gold zones
to the southwest of Avan and Skiråsen.
Barsele’s President, Gary Cope states, “The basal till sampling results are very encouraging, and we look
forward to future drill testing of these areas. We continue to be encouraged with the drilling results and
we look forward to the upcoming Resource Estimate.”
From To Au Top-Capped
(m) (m) (g/t) at 20 g/t
Au (g/t)
AVA16019 Validation 149.00 152.85 3.85 3.50 1.19
AVA16020 Validation Assays Pending
AVA16021 Validation 42.00 51.00 9.00 5.00 3.52
136.00 140.00 4.00 2.50 2.08
AVA16022 Validation 66.80 83.00 16.20 11.50 2.81
91.50 94.00 2.50 2.00 2.87
100.00 109.00 9.00 6.50 3.28
177.00 221.00 44.00 32.50 0.56
254.00 272.00 18.00 13.50 1.08
CNT16016 Validation 7.00 19.00 12.00 9.00 1.22
72.00 113.00 41.00 30.80 2.50
151.00 175.00 24.00 18.00 1.06
CNT16018 Validation 5.80 42.00 36.20 27.20 2.45
65.00 74.00 9.00 6.80 2.22
94.00 113.00 19.00 14.30 1.38
135.00 140.00 5.00 3.80 10.59 9.17
CNT16027 Conversion 191.00 195.00 4.00 3.00 3.29
242.00 245.00 3.00 2.00 4.16
273.00 290.00 17.00 13.00 1.49
517.00 532.00 15.00 11.50 1.63
CNT16028 Conversion 325.00 338.00 13.00 7.50 1.36
350.00 364.00 14.00 8.00 1.07
395.00 404.00 9.00 5.00 2.08
429.00 443.00 14.00 8.00 1.03
524.00 535.00 11.00 6.50 2.89
CNT16030 Conversion Assays Pending
SKI16013 Conversion 159.00 185.00 26.00 19.50 4.00 1.65
252.00 263.00 11.00 8.50 1.19
287.00 333.00 46.00 35.00 1.96
Highlight Results from the December 2016 Reporting Period
Hole Category Core Length
(m)
True Thickness
(m)
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. Barsele expects that Agnico Eagle will release a
new Inferred Mineral Resource estimate for the Avan, Central and Skiråsen and Norra deposits this
month.
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.
On September 25, 2015, mineral resource estimates by Barsele were released for the Barsele Project in
four zones, the Central, Avan and Skiråsen Gold Zones and the Norra VMS Zone. The resource estimate
for the Central-Avan-Skiråsen Zones states an Indicated Resource of 14.1 million tonnes grading 1.21 g/t
gold for 547,000 contained ounces, plus an Inferred Resource of 20.2 million tonnes grading 0.97 g/t gold
for 627,000 contained ounces. The polymetallic Norra Zone contains an Indicated R esource of 110,000
tonnes grading 3.13 g/t gold, 30.3 g/t silver, 0.53 % copper and 0.72 % zinc, plus an Inferred Resource of
310,000 tonnes grading 1.62 g/t gold, 12.7 g/t silver, 0.26 % copper and 0.42 % zinc. All zones were
estimated at a gold cut-off grade of 0.6 g/t.
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 compa ny 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.
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