VANCOUVER, Nov. 25, 2015 /CNW/ - Barsele Minerals Corp. – (TSX-V: BME) ("Barsele"), is pleased to report an operational update for the current exploration program on the Barsele Au-VMS Project in Västerbottens Län, northern Sweden. The exploration program is being operated by joint venture partner Agnico Eagle Mines Limited. – (TSX: AEM) ("Agnico Eagle"). Ownership in the project is 55% Agnico Eagle and 45% Barsele.
Diamond drilling is initially being conducted around the existing resource area and in the area between the Central and Skiråsen Zones. A program of 12,300 metres drilling has been designed for the 2015 season, as part of a $US 3.25 million exploration budget.
Barsele's President, Gary Cope says, "We are very pleased with the exploration efforts and professionalism of the technical team at Agnico Eagle and we look forward to the results of this latest diamond drilling program."
Three dimensional modelling of drilling data indicates the potential for a southeasterly plunge to the higher grade gold mineralization. This is consistent with structural geology mapping in the newly exposed trench in the Central Zone and with the overall trends in the Skellefte District. The southeast plunging extension to the Central Zone will be tested to a depth of 400-500 metres below surface.
As well as diamond drilling, a program of trenching, structural mapping, hyperspectral imaging of drill core and environmental studies is also underway. Hyperspectral imaging of 1,350 metres of previous diamond drill core has been completed for alteration characterization.
Diamond drilling services are being provided by Arctic Drilling Company Oy Ltd. of Finland and Rockma Exploration Drilling AB of Sweden.
About the Barsele Gold Project
Barsele Project is located on the western end of the Proterozoic "Skellefte Trend", a prolific volcanogenic massive sulphide deposits belt, where it intersects with the "Gold Line" in northern Sweden. Both polymetallic deposits and intrusive hosted orogenic gold deposits are present in this region and on the property. Current and past producers in the region include Boliden, Kristineberg, Bjorkdal, Svartliden, and Storliden.
In November of 2012, mineral resource estimates by Orex Minerals Inc. – (TSX.V: REX) ("Orex") were released for the Barsele Project in four zones, the Central, Avan and Skiråsen Gold Zones and the Norra VMS Zone (Orex News Release dated 21 November 2012).
Art Freeze, P.Geo. and Ben Whiting, P.Geo., are Qualified Persons as defined in NI 43-101 and take responsibility for the technical disclosure contained within this news release.
About Barsele Minerals Corp.
Barsele is a Canadian-based junior exploration company 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 Mines Limited.
ON BEHALF OF THE BOARD OF DIRECTORS
This News Release may contain 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
SOURCE Barsele Minerals Corp.
For further information: please contact Barsele Minerals Corp. at (604) 687-8566 x227, email [email protected] or visit our website at www.barseleminerals.com