viewBarsele Minerals Corp.

Barsele Minerals' chief outlines Swedish gold project's credentials

The large project is being explored by joint venture partner Agnico Eagle Mines, which is the operator.

Barsele is focused on gold in Sweden

Gary Cope, president of Barsele Minerals Corp (CVE:BME), has outlined the credentials of its flagship gold-VMS project in Sweden.

The large project is being explored by joint venture partner Agnico Eagle Mines (TSE:AEML, NYSE:AEM), which is operator.

The project is owned 55% by Agnico Eagle and 45% Barsele.

"The biggest part of the joint venture in regards to Barsele is that we have no capital outlay," Cope said in a CEO video clip.


"We are carried by Agnico Eagle to pre-feasibility before we have to put out any money and we think that's a year and a half to two years away at minimum."

"What's on the horizon for Barsele is a lot more drilling. Agnico has found new areas that need drilling," he added.

One is 3 or 4 km south of the known zones as well as infill drilling on the main 3kn zone, he explained.

Last month the firm unveiled a new mineral resource estimate at Barsele.

The mining firm has outlined a lower confidence inferred resource of 15.279mln tonnes at a grade of 2.91 g/t (grams per ton) gold, with 1.427mln ounces of contained gold, and a higher confidence indicated resource of 2.399mln tonnes at a grade of 2.50 g/t gold, with 193,000 ounces of contained gold.

The study uses drilling results to date along the Avan-Central-Skirasen gold zones and a 1.75 g/t gold cut-off, the firm said.

Quick facts: Barsele Minerals Corp.

Price: 0.42 CAD

Market: TSX-V
Market Cap: $51.46 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: Learning Technologies surges as it raises full-year guidance

Learning Technologies Group (LON:LTG) Jonathan Satchell talks Proactive London through it's remarkable delivery of organic revenue growth on a constant currency basis in both the Software & Platform and Content & Services divisions. And what a difference a year makes...2020 sees LTG...

14 hours, 19 minutes ago

2 min read