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Barsele Minerals and JV Partner Agnico Eagle Mines Intersect 25 Meters Grading 5.34 g/t Gold at Barsele Au-VMS Project
VANCOUVER, June 21, 2017 /CNW/ - Barsele Minerals Corp. - (TSX-V: BME) ("Barsele") is pleased to report a thirteenth operational progress update for the ongoing
About this update from Goldsky Resources Corp.
[{"type":"text","content":"VANCOUVER, June 21, 2017 /CNW/ - Barsele Minerals Corp. - (TSX-V: BME) (\"Barsele\") is pleased to report a thirteenth 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 month of April, three diamond drilling machines were focused along the Central and Avan zones. Planning toward future testing (commencing May) of selected volcanogenic massive sulphide (VMS) targets, including extension drilling along the Norra Zone was completed, with drill targets selected. A total of 203 out of 500 planned base of till (BOT) holes were completed by month end. Highlight expansion hole CNT17006 yielded two significant intercepts, including 25.0 meters core length (estimated 16.6 meters true thickness) grading 5.34 g/t gold at a midpoint depth of 265 meters below surface, plus 22.0 meters core length (estimated 14.8 meters true thickness) grading 2.51 g/t gold uncut (1.74 g/t gold cut) at a midpoint depth of 390 meters below surface. Hole AVA17004 yielded a high grade polymetallic intercept of 3.0 meters core length (estimated 2.0 meters true thickness) grading 5.46 g/t gold, 384.0 g/t silver, 1.93% lead and 2.39% zinc at a midpoint depth of 50 meters below surface. This intercept may be reflective of remobilized massive sulphide mineralization. Six holes were completed during the month of April, comprised of three expansion, two infill and one extension. During the month, 2,950 meters of core was collected and there were 1,880 samples sent for analysis, with 1,901 assay results received. In addition 1,428 samples were collected from the basal till drill program. Barsele's President, Gary Cope states, \"Five drills are now coring at Barsele. Hole CNT17006 reflects a significant zone of high-grade mineralization that hopefully reflects continuity with the 11.5 meters true thickness grading 7.9 g/t gold uncut (5.36 g/t gold cut) that was encountered in hole CNT16011 (Both intercepts occur at roughly 270 meters below surface and lie 100 met...