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Barsele Minerals (TSXV:BME) has reported that Agnico Eagle Mines (TSX:AEM) has prepared an updated mineral resource estimate for the Barsele project in northern Sweden. As quoted in the press release: Exploration and mineral resource definition at the Barsele Project has been managed by joint venture partner Agnico Eagle. Ownership in the Barsele Project is 55% …
Barsele Minerals (TSXV:BME) has reported that Agnico Eagle Mines (TSX:AEM) has prepared an updated mineral resource estimate for the Barsele project in northern Sweden.
As quoted in the press release:
Exploration and mineral resource definition at the Barsele Project has been managed by joint venture partner 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.
The Barsele property is known to contain intrusive hosted gold mineralization that appears to be similar to Agnico Eagle’s Goldex deposit in Quebec. During 2016, a total of 85 diamond drill holes totaling 33,477 meters were drilled by Agnico Eagle. Drilling focused on verifying, defining and expanding the mineral resources within and along the Central, Avan and Skiråsen zones, that are now interpreted to be part of the same mineralized system that extends over 2.6 kilometers of strike length and to a depth of 600 meters and still open in all directions. These contiguous mineralized zones occur within a granodiorite host that ranges in width from 200 to 500 meters and is traceable over a strike length exceeding 8.0 kilometers. Gold is generally associated with arsenopyrite and low base metal content, but also occurs as native metal locally.
Click here to read the full press release.
