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Barsele Minerals drills 26 m of 4.00 g/t gold at Barsele

Thursday, February 9, 2017 14:04
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Barsele Minerals Corp (CVE:BME) has provided the ninth operational progress update for the current exploration program within the Barsele Au-VMS (volcanogenic massive sulphide) project area in Vasterbottens Lan, northern Sweden.

The exploration program is being operated by joint venture partner Agnico Eagle Mines Ltd. Ownership in the project is 55 per cent Agnico Eagle and 45 per cent 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 Skirasen zones. Highlight conversion hole SKI16013 yielded 26.00-metre core length (estimated 19.50-metre true thickness) grading 4.00 grams per tonne gold uncut (1.65 g/t gold cut) at a midpoint depth of 120 metres below surface, plus 46.00-metre core length (estimated 35.00-metre true thickness) grading 1.96 g/t gold at a midpoint depth of 205 metres below surface. In addition, validation hole AVA16022 cut 2.50-metre core length (estimated 2.00-metre true thickness) containing polymetallic quartz veins grading 2.87 g/t gold, 286.00 g/t silver, 2.67 per cent lead and 0.62 per cent zinc.

During December, 3,045 metres were drilled, for a cumulative total of 39,111 metres 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 Skirasen.

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.”

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 continuing. Barsele expects that Agnico Eagle will release a new inferred mineral resource estimate for the Avan, Central and Skirasen and Norra deposits this month.

Story by ProactiveInvestors


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