Barsele announces takeover – GuruFocus.com


Coring was started on June 3

  • Diamond drilling is planned for 3,000 meters (approximately 15 holes) and will test orogenic gold and volcanogenic massive sulphides.
  • Drilling will begin near the known Risberget zone, to test orogenic gold targets near previously intersected gold mineralization.
  • Other gold targets where testing is planned include Avan, Skiråsen, Bastuträsk and Södra Sundträsket.
  • Volcanogenic massive sulphide testing will take place in the Norra Zone and Bastuträsk target areas.
  • COVID-19 protocols continue to be recommended, to ensure the safety of workers and people living in surrounding communities.

VANCOUVER, BC, June 7, 2022 /PRNewswire/ – Barsele Minerals Corp.. (TSXV: BME) (there “Company” Where “Barselle“) is pleased to provide an operational update regarding ongoing exploration activities in the area of ​​the Barsele Gold-VMS project in Västerbottens Län, northern sweden (there “Barsele Project“). The exploration program is operated by a joint venture partner Agnico Eagle Mines Limited – (TSX: AEM) (NYSE: AEM) (“Agnico EagleOwnership of 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. disbursement by Barsele until a pre-feasibility study is completed.

Between January 1 and May 31, 2022, Agnico Eagle personnel and certain contractors continued office-related and field-specific exploration activities at a number of exploration sites throughout the property. The work included geophysical surveys, till basal sampling, and a MEFFA (multi-element fine fraction analysis) till surface data sampling and interpretation program using automated pXRF scanning, as well as as laser ablation and ICP-MS, to define anomalous areas of precious/base metals. All of this work was done in preparation for this year’s diamond drilling campaign.

New mineralized structural and stratigraphic trends continue to evolve, for both types of deposits. Studies related to gold showings associated with certain elements, minerals and alteration phases are in progress.

Diamond drilling by Agnico Eagle since 2015, on the 34,533 hectare property totals 158,439 meters of overburden penetration and core collection from a total of 422 drill holes. ADC drilling of Finland was selected to carry out the 2022 diamond drilling campaign.

President of Barsele, Gary Cope States; “I am once again very happy that diamond drilling has resumed in Barsele. I am confident that the Agnico Eagle technical team has defined superior targets for the “Orogenic” and Volcanogenic Massive Sulphide “VMS” styles of mineralization.

Since mid-2020, technical updates have taken place via detailed monthly reports and video conferences between Barsele management and Agnico Eagle management. Agnico Eagle maintains comprehensive quality control and quality assurance protocols.

Sample results referenced in previous press releases have been tested by MS’ independent analytical service, where core cutting and sample preparation is performed at Storuman, Sweden and analyzes of Au and multi-element analysis are completed in Canada.

The analytical method is SWED-Edh-6, which includes: FAS-121, Fire Assay-AA on 50 grams above 3 ppm Au Fire Assay-Gravimetric; FAS-425, Au by fire assay and gravimetric finish Nominal sample weight of 50 grams; IMS-230, 48-element four-acid digestion ICP-MS; ICF-6Xx, default limit overrun methods for ICF-6Ag, ICF-6As, ICF-6Cu, ICF-6Pb, ICF-6Zn, SPM-210 (S); FAS-418, Ag by fire assay and gravimetric finish for Ag above 1000 ppm. For semi-massive to massive sulphide rocks, ICP-130 aqua regia is used for multi-element analysis, instead of four-acid digestion.

As project operator, Agnico Eagle has developed a community relations program to engage the various stakeholders in the Barsele project area. Baseline environmental assessment and characterization of surface waters, species studies and hydrogeological studies are ongoing.

About the Barsele Gold Project

The Barsele Project is located at the western end of the Proterozoic “Skellefte Trend”, a prolific belt of volcanogenic massive sulphide deposits, which intersects the “Golden Line” at northern sweden. Polymetallic “VMS” deposits and intrusive “Orogenic” deposits are present in this region and on this property. Current and past producers in the region include Boliden, Kristineberg, Bjorkdal, Svartliden and Storliden.

On the 21st of Februaryst2019 (the Effective Date), Barsele has released an independently verified mineral resource estimate which has been supplemented by QuebecInnovExplo Inc., based at InnovExplo Inc., for the purposes of the Company. This NI 43-101 Technical Report and Mineral Resource Estimate (Amended) for the Barsele Property have been amended and resubmitted effective December 16e2020. The amended technical report does not contain any material differences from the original technical report filed on April 2, 2019.

The study concluded that drilling through the end of 2018 along the Avan–Central–Skiråsen gold zones at a cut-off of 0.50 g/t gold for a constrained pit mining method, a cut-off of 1.50 g/t gold for a bulk underground mining method and a cut-off of 1.80 g/t for a selective underground mining method, has, in combination, defined a resource inferred resource of 25,495,000 tonnes grading 2.54 g/t gold (2,086,000 contained ounces) and an indicated resource of 5,578,000 tonnes grading 1.81 g/t gold (324,000 ounces of ‘ or content).

The main gold system remains open in all directions. The structurally related gold mineralized “veins” are found primarily in a granodiorite host and, to a lesser extent, in volcanic and sedimentary rocks. Multiples of parallel to sub-parallel “veins” ranging in width from 10 meters to 100 meters, combine to a maximum known thickness (including low-grade waste islands) of 425 meters. The Avan–Central–Skiråsen zones have a strike length of approximately 3.6 kilometers and this same northwest trending structural corridor contains localized bodies with gold mineralization for a further 4.4 kilometres. The drill tested depth of the mineralized system approaches 1.0 kilometers and remains open. Gold is usually associated with arsenopyrite and low base metal content and often occurs as the native metal.

artistic gel, P. Geo. is the Qualified Person as defined in NI 43-101 and assumes responsibility for the technical disclosure contained in this press release.

About Barsele Minerals Corp.

Barsele is a Canada-based junior exploration company managed by the Belcarra Group, comprised of highly skilled mining professionals. Barsele’s main property is the Barsele Gold Project in Västerbottens Län, Swedena joint venture with Agnico Eagle.

An NI 43-101 Technical Report on the Barsele Project with an effective date of the 21st of Februaryst2019, was filed on SEDAR on April 2n/a2019. This NI 43-101 Technical Report and Mineral Resource Estimate (Amended) for the Barsele Property was amended and filed on SEDAR on December 16, 2020.

ON BEHALF OF THE BOARD OF DIRECTORS

Gary Cope
President

This press 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 title, potential mineral recovery, etc. Forward-looking statements relate to 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 the 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.

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SOURCEBarsele Minerals Corp.

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