Coring was initiated on June
- Diamond drilling is budgeted for 3,000 metres (approximately
15 holes) and will test for Orogenic Gold and Volcanogenic Massive
- Drilling will commence near the known Risberget Zone, to
test Orogenic Gold targets in the vicinity of previously
intersected gold mineralization.
- Other Gold targets where testing is planned include Avan,
Skiråsen, Bastuträsk, and Södra Sundträsket.
- Testing for Volcanogenic Massive Sulphides will take place
at the Norra Zone and Bastuträsk target areas.
- COVID-19 protocols continue to be recommended, in order to
keep the workers and the people living in the surrounding
VANCOUVER, BC, June 7, 2022
/PRNewswire/ - Barsele Minerals Corp. (TSXV: BME)
(the "Company" or "Barsele") is pleased to provide an
operational update regarding ongoing exploration activities 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: AEM)
(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 requirement by
Barsele until a pre-feasibility study is completed.
Between January 1 and May 31,
2022, Agnico Eagle personnel and certain contractors have
continued with office-related and field-specific exploration
activities at a number of exploration sites throughout the
property. Work has included geophysical surveys, base of till
sampling, plus MEFFA (multi-element fine fraction analysis) surface
till sampling and data interpretation programme utilizing automated
pXRF scanning, together with laser ablation and ICP-MS, to define
precious/base metal anomalous areas. All this work has been carried
out in preparation for this year's diamond drill
New mineralized structural and stratigraphic trends continue to
evolve, for both deposit types. Studies related to gold occurrences
associated with certain elements, minerals and alteration phases
have been on-going.
Diamond drilling by Agnico Eagle since 2015, within the
34,533-hectare property totals 158,439 metres of overburden
penetration and core collection from a total of 422 drill holes.
ADC Drilling of Finland has been
retained to carry out the 2022 diamond drilling campaign.
Barsele's President, Gary Cope
states; "I am once again very pleased that diamond drilling has
resumed at Barsele. I am confident that the Agnico Eagle technical
team has outlined top quality targets for both "Orogenic Gold" and
Volcanogenic Massive Sulphide "VMS" styles of
Since mid-2020, technical updates have been via detailed monthly
reports and video conferencing between Barsele management and
Agnico Eagle management. Agnico Eagle maintains comprehensive
quality control/quality assurance protocols.
Sample results referred to in prior News Releases have been
tested at independent MS Analytical Service, wherein core cutting
and sample preparation is carried out in Storuman, Sweden and the analyses of both Au and
multi-element analysis is completed in Canada.
The assay method is SWED-Edh-6, which comprises: FAS-121, Au
fire assay-AA on 50 gram-above 3 ppm Au fire assay-gravimetric;
FAS-425, Au by fire assay and gravimetric finish 50-gram nominal
sample weight; IMS-230, 48 element four-acid digestion ICP-MS;
ICF-6Xx, default over limit 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 1,000 ppm. For semi-massive to
massive sulphide rock, ICP-130 aqua regia is used for multi element
analysis, instead of the four-acid digestion.
As project operator, Agnico Eagle has developed a community
relations program to engage the various stakeholders in the Barsele
Project area. Basic environmental assessment and surface water
characterization, species studies and hydrogeology studies are
About the Barsele Gold
The Barsele Project is located on the western end of the
Proterozoic "Skellefte Trend", a prolific volcanogenic massive
sulphide deposits belt, that intersects with the "Gold Line" in
Northern Sweden. Both polymetallic
"VMS" deposits and intrusive hosted "Orogenic gold" 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 February 21st, 2019
(the effective date), Barsele released an independently verified
Mineral Resource Estimate that was completed by Quebec-based InnovExplo Inc., for the purposes
of the Company. This NI 43-101 Technical Report and Mineral
Resource Estimate (Amended) for the Barsele Property was modified
and resubmitted effective December
16th, 2020. The Amended Technical Report contains
no material differences to the original technical report filed on
April 2, 2019.
The study concluded that drilling to the end of 2018 along the
Avan–Central–Skiråsen gold zones at a 0.50 g/t gold cut-off for a
pit constrained extraction mining method, a 1.50 g/t gold cut-off
for a bulk underground extraction mining method, and a 1.80 g/t
cut-off for a selective underground extraction mining method, has
in combination, outlined an Inferred Resource of 25,495,000 tonnes
grading 2.54 g/t gold (2,086,000 ounces of contained gold) and an
Indicated Resource of 5,578,000 tonnes grading 1.81 g/t gold
(324,000 ounces of contained gold).
The main gold-bearing system remains open in all directions. The
structurally linked gold mineralized "lodes" occur mainly within a
granodiorite host and to a lesser extent, volcanic and sedimentary
rocks. Multiples of parallel to sub-parallel "lodes" that vary in
width from 10 metres to 100 metres, combine for a maximum known
thickness (including low grade-waste islands) of 425 metres. The
Avan–Central–Skiråsen zones have a strike length approaching 3.6
kilometres and that same northwest trending structural corridor
does contain localized bodies with gold mineralization over an
additional 4.4 kilometres. The drill tested depth of the
mineralized system approaches 1.0 kilometre and remains open. Gold
is generally associated with arsenopyrite and low base metal
content and occurs often 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
About Barsele Minerals
Barsele is a Canadian-based junior exploration company managed
by the Belcarra Group, 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.
A NI 43-101 Technical Report on the Barsele Project with an
effective date of February
21st, 2019, was filed on SEDAR on April 2nd, 2019. This NI 43-101
Technical Report and Mineral Resource Estimate (Amended) for the
Barsele Property was modified and filed on SEDAR on December 16, 2020.
ON BEHALF OF THE BOARD OF DIRECTORS
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.
SOURCE Barsele Minerals Corp.