Agnico Eagle Extends Central Zone Mineralization at Barsele Au-VMS Project in Sweden

- October 27th, 2016

Barsele Minerals (TSXV:BME) provided a sixth operational progress update for the current exploration program within the Barsele Au-VMS Project area in Sweden. The exploration program is being operated by joint venture partner Agnico Eagle Mines (TSX:AEM).

Barsele Minerals (TSXV:BME) provided a sixth operational progress update for the current exploration program within the Barsele Au-VMS Project area in Sweden. The exploration program is being operated by joint venture partner Agnico Eagle Mines (TSX:AEM).
As quoted in the press release:

Phase-2 drilling continues, with three diamond drills and one BOT (base of till) machine, testing for both gold and the VMS targets. Thirteen holes totaling 2,625 metres were completed during the month of August; CNT16-(002-005), AVA16-(008-010), KOH16-(001-006). Two additional validation holes CNT16-006 and CNT16-012 were drilled in September and are reported in this release
Drill holes CNT16-(001-002), were designed to test the northwestern extension of the Central Zone toward the Avan Zone. These holes successfully extended the mineralized corridor approximately 175 metres to the northwest and to depths varying between 270 and 460 metres below surface. The highlight result from CNT16-001 is 27.00 metres core length (estimated 20.3 metres true thickness) grading 1.80 g/t gold. Hole CNT16-002 returned 134.00 metres core length (estimated 100.50 metres true thickness) grading 1.11 g/t gold, including 39.00 metres core length (estimated 29.30 metres true thickness) grading 2.41 g/t gold. Base of hole analytical results are pending.
Results from holes CNT16-001 and CNT16-002 are considered to be highly significant as they extend the Central Zone toward the previously noted area of improving ground preparation, and alteration and mineralization at depth at Avan.
… In 2016, Agnico Eagle plans to spend approximately $US 7.5 million on exploration to further evaluate the mineral potential on the property. This work will include expansion drilling, validation drilling, regional drilling, and base of till drilling; all of which is ongoing. Planned drill meterage has increased from 19,000 to 36,000 meters. In addition, environmental base line studies (water chemistry, biota in water, nature inventory) continue.

Click here for the full press release.

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