Business
Agnico Eagle Provides a Progress Update on the Barsele Au-VMS Project, indicating expansion of the mineralized zone
VANCOUVER, May 4, 2016 /CNW/ - Barsele Minerals Corp. – (TSX-V: BME) ("Barsele") is pleased to report to its shareholders recently-released operational progress
About this update from Goldsky Resources Corp.
[{"type":"text","content":"VANCOUVER, May 4, 2016 /CNW/ - Barsele Minerals Corp. – (TSX-V: BME) (\"Barsele\") is pleased to report to its shareholders recently-released operational progress on the current exploration program within the Barsele Au-VMS Project area in Västerbottens Län, northern Sweden (the \"Barsele Project\") contained in Agnico Eagle Mines Limited's – (TSX, NYSE: AEM) (\"Agnico Eagle\") press release announcing its first quarter 2016 results. The exploration program at the Barsele Project is being operated by joint venture partner Agnico Eagle. Ownership in the Barsele Project is 55% Agnico Eagle and 45% Barsele. In its press release, Agnico Eagle stated that the drilling results from the Barsele Project extended the known mineralization at depth and joined the Central Zone with the Skirasen Zone. The press release also suggested that the Barsele Project has the potential to become a Goldex type deposit, which is one of Agnico Eagle's existing gold mines. Equally noteworthy, is the illustration that accompanied the press release, which shows the potential growth of the known deposit to the south-east as a result of the latest drilling, and also that the deposit remains open in three directions. Highlight intercepts from drill results to date and drill hole coordinates from this program are set out in the tables below and the drill hole pierce points are also shown on the Barsele Project composite longitudinal section below. All intercepts reported for the Barsele Project show capped grades over estimated true widths, based on a preliminary geological interpretation that is being updated as new information becomes available with further drilling. Recent exploration drill results from the Barsele Project Drill hole Location From (metres) To (metres) Depth of midpoint below surface (metres) Estimated true width (metres) Gold grade (g/t) (uncapped) Gold grade (g/t) (capped)* CNT15-007 Central Zone 437.0 449.0 310 9.0 12.37 3.28 CNT15-009 Central Zone 106.0 168.0 90 46.5 1.12 1.12 and 383.0 432.0 300 36.8 1.15 1.15 CNT15-010 Central Zone 223.0 252.0 230 21.8 1.59 1.59 and 494.0 589.0 515 71.2 0.88 0.88 CNT15-013 Central Zone 473.5 492.0 370 13.9 3.00 3.00 and 519.2 526.0 400 5.1 5.02 5.02 CNT15-015 Central Zone 23.0 34.0 20 8.2 8.06 6.74 CNT15-016 Skiråsen Zone 270.0 277.0 215 5.2 5.06 5.06 and 339.0...