Barsele Minerals Corp. - announces the amendment and further extension of its letter of intent dated May 10, 2021 with Agnico Eagle Mines Ltd. . The LOI sets out the basic terms and conditions for the Company to acquire Agnico Eagle's indirect 55% interest in the Barsele Project . The Company currently holds the remaining 45% interest in the Barsele Project, and upon completion of the Proposed Transaction would [...]
Barsele Minerals Corp. - announces the extension of its letter of intent date May 10, 2021 with Agnico Eagle Mines Ltd. . The LOI sets out the basic terms and conditions for the Company to acquire Agnico Eagle's indirect 55% interest in the Barsele Project . The Company currently holds the remaining 45% interest in the Barsele Project, and upon completion of the Proposed Transaction would consolidate 100% control of the [...]
Coring was initiated on June 2nd Diamond drilling is budgeted for 3,000 metres and will test for Orogenic Gold and Volcanogenic Massive Sulphides. Drilling will commence west northwest of Risberget and southeast of Skiråsen to test Orogenic Gold targets , followed by a test of the following targets. Induced Polarization/Electromagnetic/Magnetic targets at the new precious and base metal discoveries at Bastuträsk [...]
Barsele Minerals Corp. - is pleased to announce that it has executed a non-binding letter of intent with Agnico Eagle Mines Ltd. to acquire Agnico Eagle's indirect 55% interest in the Barsele Project . The Company currently holds the remaining 45% interest in the Barsele Project and upon completion of the Proposed Transaction, would consolidate control of the Barsele Project. The completion of the Proposed Transaction [...]
Barsele Minerals Corp. is pleased to announce that it has granted an aggregate of 2,575,000 incentive stock options to directors, officers, and consultants to purchase up to 2,575,000 common shares in the capital of Barsele . The Options have an exercise price of $0.65 per Share, expire five years from the date of grant and vested immediately on the date of grant. As a result of this grant of Options, Barsele has [...]
Barsele Minerals Corp. is pleased to announce that it has closed its non-brokered private placement announced on January 20, 2021. The Offering consisted of the sale and issuance of 3,176,845 common shares of the Company issued at a price of $0.65 per Share for aggregate gross proceeds of $2,064,949.25. The Company will use the net proceeds from the Offering for working capital requirements and other general corporate [...]
Barsele Minerals Corp. is pleased to announce that the Company intends to undertake a non-brokered private placement financing to raise aggregate gross proceeds of up to $2.0 million from the sale of up to 3,076,924 common shares of the Company at a price of $0.65 per Share. The Company intends to use the net proceeds from the Offering for working capital requirements and other general corporate purposes. The Offering is [...]
Regional "Orogenic Gold" hole RIS20003 between Skiråsen and Risberget intersects 1.0 metre grading 4.10 g/t gold Regional "VMS" hole SKL20001 intersects 0.50 metre grading 3.25% zinc, 0.15% lead and 10.96 g/t silver Bastuträsk regional hole BAS20002 intersects 1.65 metres grading 5.80 g/t gold Avan expansion hole AVA20008 intersects 1.0 metre grading 7.80 g/t gold Recent drilling at the Avan Zone has outlined some new [...]
Barsele Minerals Corp. reports that it has filed an amended technical report entitled "NI 43-101 Technical Report and Mineral Resource Estimate for the Barsele Property" and an amended annual information form for the year ended December 31, 2019 . The Amended Technical Report and the Amended AIF address comments raised by the British Columbia Securities Commission in the course of a review. The Amended Technical Report [...]
Central expansion hole CNT20006 intersects 6.0 metres grading 4.69 g/t gold Avan expansion hole AVA20004 intersects 10.0 metres grading 2.43 g/t gold, including 3.0 metres grading 6.80 g/t gold High-grade expansion drilling successful in probing for mineralized Fracture sets outside the current Wireframe Model Diamond drilling continued into early November, testing both "Orogenic Gold" and Volcanogenic Massive Sulphide [...]
High-grade expansion drilling, probes Fracture Sets outside the current Wireframe model Diamond drilling continued through the month of October, testing both "Orogenic Gold" and Volcanogenic Massive Sulphide "VMS" targets. Extensive MEFFA surface till sampling combined with automated XRF scanning, yields several anomalous gold values up to 33 ppb, in an area with strong arsenic response. Additional channel sampling toward [...]
Expansion drill hole AVA20001 cuts 2.0 metres grading 3.41 g/t gold plus 5.0 metres grading 2.59 g/t gold Two drills turned during the month of September, testing both "Orogenic Gold" and Volcanogenic Massive Sulphide "VMS" targets. Base of till sampling yields positive results, up to 2.49 g/t gold. Extensive MEFFA surface till sampling combined with automated XRF scanning, yields anomalous multi-element results. Ongoing [...]
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