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Barsele Minerals Drills 32.0 Meters of 2.92 g/t Gold at Risberget Zone, Barsele VMS Project
VANCOUVER, Jan. 3, 2018 /CNW/ - Barsele Minerals Corp. – (TSX-V: BME) ("Barsele") is pleased to report an operational update for the ongoing exploration program
About this update from Goldsky Resources Corp.
[{"type":"text","content":"VANCOUVER, Jan. 3, 2018 /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 Barsele Project through the completion of a pre-feasibility study. There is no cash outlay by Barsele until Pre-Feasibility is completed. During the month of October, five diamond drilling machines were operational within the property. Six drill holes (four infill and two expansion) tested the Central and Skiråsen zones. Other drilling was focused on the Norra massive sulphide zone (two holes), as well as regional drilling (two holes) along the trend of the new Risberget gold target, 3.7 kilometers to the east-southeast of the Skiråsen Zone. Base of till (BOT) testing is ongoing. Twenty-five holes are reported in this news release of which ten were expansion and seven were infill, with six being regional tests at Risberget and two being VMS tests at Norra. As of October 31st, 92,648 meters of core has been collected from a total of 202 core holes, since the initiation of drilling in late 2015. At the Risberget Zone, recent significant drill results include highlight regional hole RIS17007 that yielded 32.0 meters core length (estimated 24.0 meters true thickness) grading 2.92 g/t gold uncut (1.58 g/t gold cut) at a midpoint depth of 75 meters below surface and hole RIS17005 yielded 1.0-meter core length (estimated 0.8-meter true thickness) grading 248.0 g/t gold uncut (20.0 g/t gold cut) at a midpoint depth of 15 meters below surface. (Risberget gold results have been capped at 20 g/t). At the Norra VMS Zone, highlight hole NOR17007 yielded 9.5 meters core length (estimated 7.15 meters true thickness) grading 1.40 g/t gold, 10.54 g/t silver, 1.61% zinc at a midpoint depth of 70 meters below surface. This intercept lies along one limb of what is interpreted to be a folded mineralized massive sulphide-bearing horizon. (No capping has yet been applied to Norra mineralization). Highlight results from the Central Zone include hole CNT17028, that cut te...