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Barsele Minerals Announces Diamond Drilling Initiated on June 14, 2023
Diamond drilling is budgeted for 3,000 metres (estimated 15 holes) and will test for Intrusive-hosted "Orogenic Gold" and Volcanogenic Massive Sulphides. Drilli
About this update from Goldsky Resources Corp.
[{"type":"text","content":" Diamond drilling is budgeted for 3,000 metres (estimated 15 holes) and will test for Intrusive-hosted \"Orogenic Gold\" and Volcanogenic Massive Sulphides. Drilling will commence near the Risberget Zone and will test Orogenic Gold targets in the vicinity of previously intersected gold mineralization, along the southeasterly extension of the 3.6-kilometre Avan–Central–Skiråsen gold trend. The Avan Zone, where high gold grades have been locally encountered, is the second principal target where drill testing will take place. Additionally, drill testing for Volcanogenic Massive Sulphide mineralization will take place along the southeastward extension from the Norra VMS Deposit. VANCOUVER, BC, June 15, 2023 /CNW/ - Barsele Minerals Corp. (TSXV: BME) (the \"Company\" or \"Barsele\") is pleased to provide an 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, 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 30, 2023, data analysis, along with field-specific exploration activities continued at a number of exploration sites throughout the property. Work has included geophysical surveys, base of till sampling and analysis, plus analysis of previously collected MEFFA (multi-element fine fraction analysis) samples. The MEFFA sample interpretation utilizes 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 drilling campaign. Structural, stratigraphic, and lithological observations continue to evolve, with the objective to define both precious and base metals trends and targets. Studies related to gold occurrences associated with certain elements, minerals and alteration phases have been on-going to support targeting. Diamond drilling since 2015, within the 34,533-hectare property totals 162,691 metres of overburden pene...