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Barsele Project Exploration continues with Positive Results from both Gold and Massive Sulphide Drill Testing as well as Regional Till Sampling.

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At Risberget stepout hole RIS17002 adds continuity, yielding 50 meters grading 0.85 g/t gold.

VANCOUVER, Nov. 21, 2017 /CNW/ - Barsele Minerals Corp. – (TSX-V: BME) ("Barsele") is pleased to report an operational update for the ongoing exploration program within the Barsele Gold-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. Agnico Eagle can earn an additional 15% in the project through completion of a pre-feasibility study. There is no cash outlay by Barsele until pre-feasibility is completed.

During the month of September, five diamond drills were operational within the property. Nine drill holes (3 infill and 6 expansion) tested the Avan, Central and Skiråsen zones. Other drilling was focused on the Norra massive sulfide zone (2 holes), as well as regional drilling (5 holes) along the trend of the new Risberget gold target, 3.7 kilometers to the east-southeast of the Skiråsen Zone.

Recent significant drill results through the end of September include highlight regional Risberget hole RIS17002 that yielded 50.0 meters core length (35.0 meters true thickness) grading 0.82 g/t gold at a midpoint depth of 100 meters below surface. There were four visible gold observations along this core interval. Additionally, expansion hole CNT17020 yielded 21.0 meters core length (6.7 meters true thickness) grading 2.96 g/t gold uncut (2.58 g/t gold cut) at a midpoint depth of 600 meters below surface. Expansion hole CNT17021 yielded 7.0 meters core length (3.4 meters true thickness) grading 5.60 g/t gold at a midpoint depth of 85 meters below surface and expansion hole CNT17022 yielded 12.0 meters core length (8.3 meters true thickness) grading 3.14 g/t gold at a midpoint depth of 400 meters below surface. Other drilling of significance from the Norra VMS deposit area includes hole NOR17006, within which 39 meters (106-145 meters) of talc-chlorite-pyrrhotite-chalcopyrite alteration and mineralization was intersected, while hole NOR17007 intersected 24 meters (75-99 meters) of polymetallic stringer and massive sulphide mineralization. Metal grades will be forthcoming in a subsequent news release.

Nine holes are reported in this news release, of which six were expansion, two were infill and one was a regional test. One hole was abandoned due to bad ground conditions. Since the initiation of drilling in late 2015 and until the end of the month of September, 86,310 meters of core has been collected from a total of 191 drill holes. Base of till sampling is ongoing.

Agnico Eagle's recent surface extension trenching program has been completed. Structural mapping along the 90.0 meter by 15.0 meter corridor validates the existing gold distribution model and more importantly provides detailed information on quartz veining and reactivation of the various shearing and mineralization orientations. This information will assist with the ongoing modelling of the gold deposit.

A regional surface till sampling program was carried out during the summer months. This work has resulted in a broad area with anomalous precious and base metal responses in the northern third of the property, several kilometers to the north of existing drilling. As the Barsele Project was originally discovered using till sampling, these results are considered significant.

September 2017 Drilling Update

 

Hole ID

Easting

Northing

Az

Dip

DDH
Length

From
(m)

To

(m)

CL

(m)

TL

(m)

Au

(g/t)

Top
Cut
(g/t)

AVA17022

617609.319

7215564.72

219

-70

802.80

150.00

152.00

2.00

0.70

6.60


Expansion
























AVA17023

617781.982

7215404.07

222

-46

290.40

58.00

67.00

9.00

6.60

0.97


Expansion
























AVA17024

617727.977

7215140.75

43

-56

324.20







Expansion

No Significant

Intersections






















CNT17019

618614.72

7215120.47

218

-50

450.50

148.00

165.00

17.00

11.3

0.85


Infill






250.00

257.00

7.00

4.60

1.83








280.00

292.00

12.00

8.00

1.85














CNT17020

618529.80

7215097.77

221

-74

749.00

275.00

281.00

6.00

1.80

1.38


Expansion






288.00

295.00

7.00

2.10

1.17








333.00

340.00

7.00

2.10

1.16








430.00

433.00

3.00

0.90

3.08








450.00

457.00

7.00

2.20

1.35








619.00

640.00

21.00

6.70

2.96

2.58







660.00

670.00

10.00

3.20

1.89














CNT17021

618675.06

7215074.99

218

-65

626.00

56.00

60.00

4.00

1.90

1.25


Expansion






94.00

112.00

18.00

8.70

2.63







Inc.

94.00

101.00

7.00

3.40

5.60








122.00

136.00

14.00

6.70

1.15








143.00

148.00

5.00

2.40

2.00








335.00

351.00

16.00

7.60

1.28








377.00

409.00

32.00

15.4

1.53








458.00

464.80

6.80

3.30

2.51














CNT17022

618412.04

7214706.11

40

-54

709.50

417.00

422.00

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