Friday, April 29, 2016

Barsele Minerals Corp. - BME.v

Barsele Minerals Corp. - BME.v is advancing the flagship Barsele Gold Project in Sweden.

A NI 43-101 estimates an indicated resource of 14.1 million tonnes grading 1.21 gold grams per tonne (g/t) or 547,000 contained ounces of gold.

On April 13, 2016 the company released News

" Barsele Minerals Corp. -- (TSX-V: BME) ("Barsele") is pleased to report a second operational progress update for the current 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.

During February 2016, diamond drilling totalling 1,861.7 m was completed in the mid to eastern Central Zone around the existing gold resource area and to the east-southeast along the trend of the Skiråsen Zone to the boundary of the exploitation concession. Since early October 2015, 12,848 metres have been drilled. A total of 1,631 samples were sent to the laboratory during February and 3,998 assay results were received. Gold assay values exceeding 20 g/t have been top-capped at 20 g/t.

Highlights of the latest exploration drill results include 3 intercepts in the Skiråsen Zone, with hole SKI 15001 of 61 metres core length (estimated 45.75 metres true thickness) grading 1.61 g/t gold, plus hole SKI 16001 of 20 metres core length (estimated 15 metres true thickness) grading 3.23 g/t gold and further down hole, 36.1 metres core length (estimated 27.1 metres true thickness) grading 2.40 g/t gold. These drill intercepts are located between 650 and 750 metres southeast of the core of the Central Zone deposit.

Highlights of the Barsele 2015-2016 Drilling Program to Date

Barsele 2015-2016 Drilling Program (to February 29, 2016)
Core Length
True Thickness
at 20 g/t
Au (g/t)
CNT 15001209.40214.004.603.4514.655.47
CNT 15005291.00310.0019.0014.251.041.04
CNT 15010494.00589.0095.0071.250.880.88
CNT 15011364.00387.0023.0017.251.141.14
CNT 15015231.00261.0030.0022.501.001.00
CNT 15017211.00219.
  Assays pending forCNT 15017  
SKI 1500179.0084.005.003.751.791.79
SKI 16001101.00108.