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Barsele Minerals: Drill Hole SKI16002 Intersects 13 Meters Grading 2.15 g/t Gold
VANCOUVER, May 9, 2017 /CNW/ - Barsele Minerals Corp. (TSX-V: BME) ("Barsele") is pleased to report a twelfth operational progress update for the ongoing explor
About this update from Goldsky Resources Corp.
[{"type":"text","content":"VANCOUVER, May 9, 2017 /CNW/ - Barsele Minerals Corp. (TSX-V: BME) (\"Barsele\") is pleased to report a twelfth 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 March, three diamond drilling machines were focused on expansion drilling between the Central and Avan zones. Planning toward future testing (commencing May) of selected volcanogenic massive sulphide (VMS) targets, including extension drilling of the Norra Zone was completed. A total of 147 out of 500 planned base of till (BOT) holes were completed by month end. There are plans to mobilize a fourth drill in May, with the fifth machine expected to arrive in early June. Highlight infill hole SKI17004 yielded seven significant intercepts, including 13.1 meters core length (estimated 7.0 meters true thickness) grading 3.12 g/t gold uncut (2.75 g/t gold cut) at a midpoint depth of 255 meters below surface, plus 21.0 meters core length (estimated 12.0 meters true thickness) grading 2.65 g/t gold at a midpoint depth of 405 meters below surface. Hole SKI17005 yielded nine significant intercepts with a best hit of 23.0 meters core length (estimated 17.0 meters true thickness) grading 1.85 g/t gold at a midpoint depth of 390 meters below surface. Hole SKI17006 yielded a best hit of 4.45 meters core length (estimated 3.2 meters true thickness) grading 5.86 g/t gold at a midpoint depth of 265 meters below surface, while SKI17007 yielded a high-grade interval of 1.1 meters core length (estimated 0.5 meters true thickness) grading 101.70 g/t gold uncut (11.42 g/t gold cut) at a depth of 260 meters below surface. Five holes were completed during the month of March of which three were expansion and two were infill. During the month, 3,601 meters were drilled and there were 2,565 samples sent for analysis, with 2,312 assay results received. Barsele's President, Gary Cope states, \"Hole SKI16002 was re-entered and extended and has delivered the deepest vertical gold ...