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Barsele Minerals nudges higher in Toronto as Swedish exploration continues to cheer

At the Risberget zone, there have been some recent significant drill results
Barsele Minerals nudges higher in Toronto as Swedish exploration continues to cheer
Highlight results from the Skirasen zone included a hole, which cut a 1.10-metre core length grading 101.70 g/t gold

 

Barsele Minerals Corp (CVE:BME) reported further encouraging findings from exploration at its Barsele gold-VMS project in Sweden.

Drilling at the site has been focused on verifying and expanding resources within and along the Avan, Central and Skirasen zones and recently the Risberget zone.

Today's release covers 25 holes, of which ten were expansion and seven were infill, with six being regional tests at Risberget and two being VMS tests at Norra. Here are some highlights.

At the Risberget zone, recent significant drill results include 32 metres (m) of core at 2.92 grams per tonne gold uncut (1.58 g/t gold cut) at a midpoint depth of 75 metres below surface.

Another hole in this zone yielded 1m grading 248  g/t (grams per ton) gold uncut (20 g/t gold cut) at a midpoint depth of 15 metres below surface.

Highlight results from the Skirasen zone included a hole, which cut a 1.10-metre core length grading 101.70 g/t gold (16.88 g/t gold cut).

Highlight results from the Central zone included a hole that cut 10 distinct intervals, culminating with the deepest intersection to date at Barsele of 12 m core length (estimated 5.9 m true thickness) grading 3.61 g/t gold at a midpoint depth of 875 metres below surface.

At the Norra VMS zone, one hole yielded 9.5 metres core length (estimated 7.15 m true thickness) grading 1.40 g/t gold, 10.54 g/t silver, 1.61 per cent zinc at a midpoint depth of 70 metres below surface.

"Two hundred fifty metres of drill-related gold continuity at Risberget is considered to be highly consequential in the evolution of the Barsele gold system and the latest massive sulphide-style intercept at Norra is an exciting step forward in the understanding of the geological and structural controls of this style of mineralization within the property. Expansion and infill drilling continue to yield positive results within the Central and Skirasen gold zones," said Barsele's president Gary Cope.

As of October 31 last year, 92,648 metres of core has been collected from 202 core holes, since drilling started in late 2015.

Barsele shares nudged 2.86% higher at C$0.72.

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