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Barsele Minerals and Agnico Eagle Mines Drill 19.75 Meters of 5.07 g/t Gold at Barsele VMS Project
VANCOUVER, Sept. 19, 2017 /CNW/ - Barsele Minerals Corp. - (TSX-V: BME) ("Barsele") is pleased to report a fourteenth operational progress update for the ongoin
About this update from Goldsky Resources Corp.
[{"type":"text","content":"VANCOUVER, Sept. 19, 2017 /CNW/ - Barsele Minerals Corp. - (TSX-V: BME) (\"Barsele\") is pleased to report a fourteenth operational progress update for the ongoing 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 Limited – (TSX, NYSE: AEM) (\"Agnico Eagle\"). Ownership in the 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. During the months of May through August, between two and five diamond drilling machines were focused along the Central and Avan zones, as well as regional drilling of gold targets and selected volcanogenic massive sulphide (VMS) targets. Base of till (BOT) testing is ongoing. Recent drill results through the end of July include highlight infill hole CNT17012 that yielded 19.75 meters core length (estimated 14.5 meters true thickness) grading 5.07 g/t gold uncut (3.49 g/t gold cut) at a midpoint depth of 265 meters below surface. Expansion hole AVA17010 yielded 7.0 meters core length (estimated 3.7 meters true thickness) grading 9.70 g/t gold uncut (9.47 g/t gold cut) at a midpoint depth of 320 meters below surface. This hole indicates that the system is still open to the northwest. Infill hole CNT17011 yielded two significant intercepts, including 9.0 meters core length (estimated 6.7 meters true thickness) grading 4.15 g/t gold uncut (3.80 g/t gold cut) at a midpoint depth of 160 meters below surface and 19.0 meters core length estimated 14.3 meters true thickness grading 2.73 g/t gold at a midpoint depth of 200 meters below surface. Seventeen holes are reported in this news release of which five were expansion and ten were infill, with two being regional tests of VMS targets. As of August 31st, 78,085 meters of core has been collected from a total of 175 core holes, since the initiation of drilling in late 2015. Barsele's President, Gary Cope states, \"Expansion and infill drilling continue to yield positive results in the Central and Avan gold zones. At Central, surface trenching in preparation for detailed structural mapping, rock chemistry and grade determination has resumed. Regarding massive sulphide exploration, a combination of drill core-focused lithogeo...