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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Coring was initiated on July 14th Drill will test Regional Orogenic Gold and Volcanogenic Massive Sulphide targets. Drill will test for continuity and extensions of higher-grade intercepts within the Avan and Central zones. Early stage Spectrographic Ore/Waste separation studies have been initiated. Stringent COVID-19 protocols will be enforced, in [...]
Surface Exploration and Data Analysis has been ongoing since January. 2020 Work Plan approved by Saami Village and sent to the County Administration, Mining Inspectorate and landowners. 2020 planned diamond drilling delayed for a few months due to COVID-19 concerns. Data review and search for high-grade gold vectors within the large gold-bearing [...]
Barsele Minerals Corp. announces that it has granted an aggregate of 2,300,000 incentive stock options to directors, officers, and consultants to purchase up to 2,300,000 common shares in the capital of Barsele. The incentive stock options have an exercise price of $0.53 per share, expire five years from the date of grant, and vest immediately. As [...]
In this report, the Mineral Resource Estimate has been prepared using reasonable cut-off grades for combined pit constrained, bulk underground extraction and selective underground extraction scenarios. Specific extraction methods are used only to establish reasonable cut-off grades for various portions of the deposit. No Preliminary Economic [...]
