Business
Barsele Minerals and Agnico Eagle Mines Report Initial Metallurgical Test Results from Barsele VMS Project
VANCOUVER, Oct. 19, 2017 /CNW/ - Barsele Minerals Corp. – (TSX-V: BME) ("Barsele") is pleased to report an operational update for the ongoing exploration progra
About this update from Goldsky Resources Corp.
[{"type":"text","content":"VANCOUVER, Oct. 19, 2017 /CNW/ - Barsele Minerals Corp. – (TSX-V: BME) (\"Barsele\") is pleased to report an operational update for the ongoing exploration program within the Barsele Gold-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 project through completion of a pre-feasibility study. There is no cash outlay by Barsele until pre-feasibility is completed. Agnico Eagle has completed initial metallurgical testing on the Avan, Central and Skiråsen zones, as well as a test of a Master Composite of the three zones. The results indicate a global gold recovery of approximately 92 percent. During the month of August, four diamond drilling machines were operational within the Avan and Central zones, with one regional drill focused on the new Risberget gold target, to the east-southeast of the Skiråsen Zone. Recent significant drill results through the end of August include highlight regional hole RIS17001, located 3.7 kilometers east-southeast of the Skiråsen Zone, that has to date yielded four significant gold intercepts with multiple free gold occurrences. The best intercept to date is 15.3 meters core length (11.5 meters true thickness) grading 1.87 g/t gold at a midpoint depth of 180 meters below surface and there are assay results pending from this hole. In addition, infill hole CNT17015 yielded 35.0 meters core length (estimated 12.0 meters true thickness) grading 2.33 g/t gold uncut (1.72 g/t gold cut) at a midpoint depth of 535 meters below surface. Infill hole CNT17017 yielded 25.0 meters core length (estimated 15.8 meters true thickness) grading 1.29 g/t gold at a midpoint depth of 235 meters below surface, plus 30.0 meters core length (estimated 20.3 meters true thickness) grading 2.34 g/t gold at a midpoint depth of 295 meters below surface. Infill hole CNT17018 yielded 12.0 meters core length (estimated 5.8 meters true thickness) grading 3.68 g/t gold uncut (3.22 g/t gold cut) at a midpoint depth of 380 meters below surface, plus 13.0 meters core length (6.4 meters true thickness) grading 2.43 g/t gold at a midpoint depth of 425 meters below surface. Fourteen holes are report...