- Diamond drilling at Barsele in 2023 totaled 3,245.52 metres
in 17 holes and tested for Intrusive-hosted "Orogenic Gold" and
Volcanogenic Massive Sulphides targets.
- Drilling at Risberget encountered broad zones of Orogenic
style alteration with anomalous gold mineralization, occurring some
2.6 kilometres southeast from the Avan–Central–Skiråsen gold
mineralized resource boundary.
- Drilling at the Avan Zone, encountered numerous occurrences
of visible gold, along the west-northwest extension of the
mineralized trend, where high gold grades have been encountered, in
prior diamond drilling campaigns.
VANCOUVER, BC, Oct. 4, 2023
/CNW/ - Barsele Minerals Corp. (the "Company" or
"Barsele") (TSXV: BME) (OTC: BRSLF) 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: AEM)
(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.
Diamond drilling since 2015, within the 33,466-hectare property
totals 165,936.52 metres of overburden penetration and core
collection from a total of 453 drill holes. Coring in 2023 was
carried out by NTK drilling of Finland.
The 2023 diamond drilling campaign at Barsele commenced on
June 14th and terminated
September 8th. In total 17
holes were drilled, testing five target areas: namely Risberget
(4), Skiråsen (1), Norra SE Extension (3), Norra NW Extension
(Stentjärn) (2), Avan (4), Risberget North Quarry (3). One Avan hole was abandoned short of target
depth. See Figure 1.
Only Risberget and Avan targets are discussed in this news
release. A comprehensive news release will be issued when the
entire 2023 assay results and interpretations are compiled.
Click here to view Figure 1 Drilling
targets map overview 2023
https://barseleminerals.com/project/photos/
Risberget:
At Risberget, 2023 drilling was designed to test strong top of
bedrock gold anomalies and to test the northeastward projection
from drill hole RIS22002 that cut 3.0 metres core length grading
2.75 g/t Au. The 2023 drill results identified a wide zone of
strongly altered and mineralized rock that occurs some 2.6
kilometres southeastward, along the same structural corridor as do
the Avan–Central–Skiråsen gold resource zones. More drilling is
warranted in this attractive evolving gold mineralized area. See
Figure 2.
Hole RIS23001 intersected strongly albitized andesite, between
64 and 84 metres down hole, with arsenopyrite and anomalous gold
mineralization occurring between 66 and 78 metres. This hole
extends the anomalous gold mineralized trend over 250 metres along
a northeasterly projection. Assay results include 8.2 metres @ 0.39
g/t Au, 1.0 meter @ 1.49 g/t Au, 4.0 metres @ 0.55 g/t Au, 3.0
metres @ 0.44 g/t Au and 1.0 m @ 1.21
g/t Au.
Hole RIS23002 intersected a broader and stronger zone of
albitized and arsenopyrite mineralized andesite, that hosts
anomalous gold values, between 45 and 104 metres down hole. Gold
mineralization occurs between 46 and 97 metres. Core analysis
includes 12 metres @ 0.40 g/t Au, including 1.0 metre @ 1.24 g/t
Au, plus 2.95 metres @ 0.30 g/t Au, plus 2.4 metres @ 0.39 g/t Au
plus 5.0 metres @ 0.38 g/t Au.
Hole RIS23003 intersected the same strongly altered zone of
albitized and arsenopyrite mineralized andesite, with anomalous
gold values, between 64 and 164 metres down hole. This drill hole
tested rock approximately 50 metres beneath hole RIS23002. The hole
cut a discrete zone of arsenopyrite mineralization and quartz
veining related to regionally important D-3 brittle ductile
deformation. Analysis of the core yielded 4.0 metres @ 0.68 g/t Au,
plus 11.0 metres grading 1.12 g/t Au, including 6.0 metres grading
1.8 g/t Au, plus 10.1 metres grading 0.51 g/t Au, plus 1.0 metre
grading 1.62 g/t Au.
Click here to view Figure 2 Overview map of holes and
wireframes drilled at the Risberget target areas, superimposed on
gravity anomalies. Section with gold assays looking 30° (NE)
https://barseleminerals.com/project/photos/
Avan:
At Avan, four holes were drilled to test the northwestward
extension of the known wireframed resource lodes. The drilling
partially tested an extension area of 400 metres east-west, by 250
metres north-south. See Figure 3.
Hole AVA23001 was drilled in a southwesterly direction and hit
the favourable granodiorite unit GD-II at 58.0 metres down hole.
Visible gold was observed at 142.6 metres, 185.2 metres and 213.2
metres. Favourable quartz veining and arsenopyrite mineralization
were observed throughout the entire GD II portion of the hole. This
drilling extends the gold mineralized Avan Zone 300 metres to the
northwest from the end of the Avan resource wireframes. Analytical
results are pending.
Hole AVA23002 was drilled in a southwesterly direction and
intersected sulphide mineralization associated with volcaniclastic
rocks of volcanogenic massive sulphide-style, in the form of 5-15
percent sulphide mud rock (pyrrhotite) that locally contains 0.5%
to 1%-2% sphalerite and/or chalcopyrite, between near surface and
192 metres down hole. Beyond this, the favourable "Orogenic Gold"
GD II granodiorite rock was encountered and observed to include
multiple zones with quartz/arsenopyrite mineralization with a
visible gold occurrence at 267.65 metres. Analytical results are
pending.
Hole AVA23003 drilled southwesterly, intersected basalt and dyke
rock to 142 metres depth. Beyond this, the hole cut favourable GD
II granodiorite, polymetallic breccia with quartz, arsenopyrite,
sphalerite and galena to 200 metres down hole. Of the first three
Avan holes, this drill hole lies nearest at 75-100 metres from the
Avan resource wireframes. Analytical results are pending.
Hole AVA23004 intercepted a strongly sericitized zone containing
six intervals with sulphide mineralization and quartz veining, with
visible gold and scheelite (often associated with gold) at 12.5
metres depth. The hole was lost at 206 metres, short of the planned
depth of 300 metres. Analytical results are pending.
Click here to view Figure 3 Plan view of the Avan
wireframes and 2023 drill holes (green)
https://barseleminerals.com/project/photos/
Barsele's President, Gary Cope
states; "I am very pleased that the 2023 diamond drilling campaign
has outlined a broad area of highly altered and gold mineralized
rock at Risberget. Significantly more drilling will be required to
fully determine the extent of gold mineralization in this area. I
look forward to the drill results from Avan where this year's
drilling has extended the known gold mineralization at a minimum,
300 metres to the northwest of the Avan wireframes."
The technical information in this news release has been verified
by way of updates from detailed monthly reports, telephone calls
and video conferencing amongst Barsele management and Agnico Eagle
management. During the meetings, data and protocols are discussed
with the site management and the technical staff and the database
is reviewed and updated and drill core and till sampling material
and handling procedures are documented. Agnico Eagle maintains
comprehensive quality control/quality assurance protocols.
All samples referred to in this news release were tested at
independent MS Analytical Service, wherein core sawing and sample
preparation is carried out in Storuman, Sweden and the analyses of both Au and
multi-element analysis is completed in Canada. The assay method is SWED-Edh-6, which
comprises:-FAS-121, Au fire assay-AA on 50 gram-above 3 ppm Au fire
assay-gravimetric; FAS-425, Au by fire assay and gravimetric finish
50-gram nominal sample weight; IMS-230, 48 element four-acid
digestion ICP-MS; ICF-6Xx, default over limit methods for ICF-6Ag,
ICF-6As, ICF-6Cu, ICF-6Pb, ICF-6Zn, SPM-210 (S); FAS-418, Ag by
fire assay and gravimetric finish for Ag above 1,000 ppm. For
semi-massive to massive sulphide rock, ICP-130 aqua regia is used
for multi element analysis, instead of the four-acid digestion.
As project operator, Agnico Eagle has developed a community
relations program to engage the various stakeholders in the Barsele
Project area. Basic environmental assessment and surface water
characterization, species studies and hydrogeology studies are
ongoing.
About the Barsele Gold
Project
The Barsele Project is located on the western end of the
Proterozoic "Skellefte Trend", a prolific volcanogenic massive
sulphide deposits belt, that intersects with the "Gold Line" in
Northern Sweden. Both polymetallic
Volcanogenic Massive Sulphide deposits and intrusive hosted
"Orogenic Gold" deposits are present in this region and on this
property. Current and past producers in the region include Boliden,
Kristineberg, Bjorkdal, Svartliden and Storliden.
On February 21st, 2019
(the effective date), Barsele released an independently verified
Mineral Resource Estimate that was completed by Quebec-based InnovExplo Inc., for the purposes
of the Company. This NI 43-101 Technical Report and Mineral
Resource Estimate (Amended) for the Barsele Property was modified
and resubmitted effective December
16th, 2020. The Amended Technical Report contains
no material differences to the original technical report filed on
April 2, 2019.
The study concluded that drilling to the end of 2018 along the
Avan–Central–Skiråsen gold zones at a 0.50 g/t gold cut-off for a
pit constrained extraction mining method, a 1.50 g/t gold cut-off
for a bulk underground extraction mining method, and a 1.80 g/t
cut-off for a selective underground extraction mining method, has
in combination, outlined an Inferred Mineral Resource of 25,495,000
tonnes grading 2.54 g/t gold (2,086,000 ounces of contained gold)
and an Indicated Mineral Resource of 5,578,000 tonnes grading 1.81
g/t gold (324,000 ounces of contained gold).
The main gold-bearing system remains open in all directions. The
structurally linked gold mineralized "lodes" occur mainly within a
granodiorite host and to a lesser extent, volcanic and sedimentary
rocks. Multiple parallel to sub-parallel "lodes" that vary in width
from 10 metres to 100 metres, combine for a maximum known thickness
(including low grade-waste islands) of 425 metres. The
Avan–Central–Skiråsen zones have a strike length approaching 3.6
kilometres and that same northwest trending structural corridor
contains localized bodies with gold mineralization over an
additional 4.4 kilometres. The drill tested depth of the
mineralized system approaches 1.0 kilometre and remains open. Gold
is generally associated with arsenopyrite and low base metal
content and also occurs as native metal.
Art Freeze, P.Geo. is the
Qualified Person as defined in NI 43-101 and takes
responsibility for the technical disclosure contained within this
news release.
About Barsele Minerals
Corp.
Barsele is a Canadian-based junior exploration company managed
by the Belcarra Group, comprised of highly qualified mining
professionals. Barsele's main property is the Barsele Gold Project
in Västerbottens Län, Sweden, a
joint venture with Agnico Eagle.
A NI 43-101 Technical Report on the Barsele Project with an
effective date of February
21st, 2019, was filed on SEDAR on April 2nd, 2019. This NI 43-101
Technical Report and Mineral Resource Estimate (Amended) for the
Barsele Property was modified and filed on SEDAR on December 16, 2020.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope
President
This News Release
contains forward-looking statements, including but not limited to comments regarding
the timing and content
of upcoming work programs, geological interpretations, receipt of property titles,
potential mineral
recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve
inherent risks and uncertainties. Actual results may differ
materially from those currently anticipated in such
statements and Barsele
undertakes no obligation to update such statements, except
as required by law.
Neither TSX Venture
Exchange nor its Regulation Services
Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
View original
content:https://www.prnewswire.com/news-releases/barsele-provides-a-preliminary-summary-of-2023-drilling-activities-301947468.html
SOURCE Barsele Minerals Corp.