Great Bear Resources

Barsele Minerals and Agnico Eagle Mines Report Initial Metallurgical Test Results from Barsele VMS Project

VANCOUVER, Oct. 19, 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.

Agnico Eagle has completed initial metallurgical testing on the Avan, Central and Skiråsen zones, as well as a test of a Master Composite of the three zones. The results indicate a global gold recovery of approximately 92 percent.

During the month of August, four diamond drilling machines were operational within the Avan and Central zones, with one regional drill focused on the new Risberget gold target, to the east-southeast of the Skiråsen Zone.

Recent significant drill results through the end of August include highlight regional hole RIS17001, located 3.7 kilometers east-southeast of the Skiråsen Zone, that has to date yielded four significant gold intercepts with multiple free gold occurrences. The best intercept to date is 15.3 meters core length (11.5 meters true thickness) grading 1.87 g/t gold at a midpoint depth of 180 meters below surface and there are assay results pending from this hole. In addition, infill hole CNT17015 yielded 35.0 meters core length (estimated 12.0 meters true thickness) grading 2.33 g/t gold uncut (1.72 g/t gold cut) at a midpoint depth of 535 meters below surface. Infill hole CNT17017 yielded 25.0 meters core length (estimated 15.8 meters true thickness) grading 1.29 g/t gold at a midpoint depth of 235 meters below surface, plus 30.0 meters core length (estimated 20.3 meters true thickness) grading 2.34 g/t gold at a midpoint depth of 295 meters below surface. Infill hole CNT17018 yielded 12.0 meters core length (estimated 5.8 meters true thickness) grading 3.68 g/t gold uncut (3.22 g/t gold cut) at a midpoint depth of 380 meters below surface, plus 13.0 meters core length (6.4 meters true thickness) grading 2.43 g/t gold at a midpoint depth of 425 meters below surface.

Fourteen holes are reported in this news release of which twelve were infill, one was expansion, and one was a regional test. Since the initiation of drilling in late 2015, 78,085 meters of core has been collected from a total of 175 drill holes. Basal till sampling is ongoing.

Barsele's President, Gary Cope states, "The metallurgical test results are very positive for the future of Barsele. In addition, the multiple gold intercepts in the 3.7 kilometer stepout hole at Risberget add a significant potential extension to this large gold system. We also look forward to the new geological and structural conclusions derived from the trenching program at the Central Zone."

August 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)
AVA17013 617747.030 7215480.63 220 -56 548.90 124.00 132.00 8.00 4.60 1.35  
Infill           167.00 174.00 7.00 4.00 1.11  
            180.00 192.00 12.00 6.90 1.30  
                       
AVA17014 617716.296 7215444.65 220 -42 243.60 16.00 22.00 6.00 4.70 0.95  
Infill  
                       
AVA17015 617571.05 7215221.25 40 -56 296.50            
Infill No Significant Intersections                  
                       
AVA17016 617717.821 7215203.82 38 -47 170.00            
Infill No Significant Intersections                  
                       
AVA17017 617755.792 7215171.679 40 -65 230.40 96.00 101.00 5.00 2.90 1.66  
Infill           156.00 167.00 11.00 6.40 0.83  
                       
AVA17018 617800.617 7215147.014 41 -55 230.55 31.40 33.00 1.60 0.90 1.74  
Infill           219.00 227.00 8.00 4.60 2.59  
                       
AVA17019 617807.225 7215100.667 39 -55 305.00 249.00 268.00 19.00 11.5 0.76  
Infill                      
                       
AVA17020 617462.222 7215654.62 40 -68 175.00 113.00 116.00 3.00 1.20 1.98  
Infill                      
                       
AVA17021 617462.599 7215655.04 40 -45 124.60 62.00 65.00 3.00 2.10 2.03  
Infill                      
                       
CNT17015 618457.40 7215134.71 221 -74 765.00 375.00 380.00 5.00 1.70 3.16  
Infill           395.00 401.00 6.00 2.00 1.67  
            507.00 520.00 13.00 4.50 1.23  
            567.00 602.00 35.00 12.0 2.33 1.72
                       
CNT17016 618150.61 7215384.35 221 -52 601.60 415.00 426.00 11.00 7.30 1.41  
Expansion Assays Pending       432.00 439.00 7.00 4.60 0.94  
                       
CNT17017 618614.86 7215120.66 218 -58 512.10 277.00 302.00 25.00 15.8 1.29  
Infill           350.00 380.00 30.00 20.3 2.34  
                       
CNT17018 618615.00 7215120.86 218 -64 659.65 243.75 254.00 10.25 4.70 1.20  
Infill           299.00 315.00 16.00 7.50 1.29  
            425.00 437.00 12.00 5.80 3.68 3.22
            474.00 487.00 13.00 6.40 2.43  
            540.00 546.00 6.00 3.00 2.04  
            569.00 577.00 8.00 4.00 1.25  
                       
RIS17001 623066.98 7213695.03 360 -40 394.90 197.00 215.00 18.00 13.5 1.29  
Regional           226.00 243.00 17.00 12.8 0.88  
            260.00 277.00 17.00 12.8 1.07  
  Assays Pending       293.00 308.30 15.30 11.5 1.87  
Az = Compass Bearing       Dip = Degrees Inclination       CL = Core Length       TL = True Length       Top Cut to 20 g/t gold

This technical information in this release was verified by way of a site visit in August of 2017 by the Qualified Person, where the data was discussed with the site operator, the database was reviewed, and drill core was examined. The quality control/quality assurance program at the Barsele project is described on our website at http://barseleminerals.com/s/QAQCProcedures-Barsele.asp.

All samples referred to in this table were tested at independent ALS Laboratories in Romania and Ireland, using ultra trace level method (ME-MS61)-48 element by using four acid digestion together with ICP-AES and ICP-MS analytical methods. Gold is tested by fire assay, aqua regia digest and analysed with an atomic absorption spectroscopy (AAS) or gravimetric finish depending on grade (Au-AA24 and Au-GRA22). Each method has a lower and upper calibration range for which results are accurately determined.

As project operator, Agnico Eagle has developed a community relations program to engage the various stakeholders in the project area. Basic environmental assessment and surface water characterization, species studies and hydrogeology studies are ongoing.

About the Barsele Gold Project

The Barsele Project is located on the western end of the Proterozoic "Skellefte Trend", a prolific volcanogenic massive sulphide deposits belt, where it intersects with the "Gold Line" in Northern Sweden. Both polymetallic deposits and intrusive hosted orogenic gold deposits are present in this region and on the property. Current and past producers in the region include Boliden, Kristineberg, Bjorkdal, Svartliden and Storliden.

Drilling has been focused on verifying, defining and expanding the mineral resources within and along the Central, Avan and Skiråsen zones, that are now interpreted to be part of the same mineralized system that extends 3.0 kilometers in strike length and to a depth of 700 meters and still open in all directions. These contiguous mineralized zones occur within a granodiorite host that ranges in width from 200 to 500 meters and is traceable over a strike length exceeding 8.0 kilometers. Gold is generally associated with arsenopyrite and low base metal content, but also occurs locally as native metal.

Art Freeze, P.Geo. is the Qualified Person as defined in NI 43-101 and takes responsibility for the technical disclosure contained within this news release.

About Barsele Minerals Corp.

Barsele is a Canadian-based junior exploration company comprised of highly qualified mining professionals. Barsele's main property is the Barsele Gold Project in Västerbottens Län, Sweden, a joint venture with Agnico Eagle. An updated NI 43-101 Technical Report is expected to be released toward the end of the first quarter 2018.

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Barsele Minerals

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Barsele Minerals Expansion drill hole SKI18004 at the Skiråsen Zone intersects Nine Mineralized Intervals, including 26.55 metres grading 2.43 g/t gold, plus 5.0 metres grading 4.0 g/t gold, plus 14.0 metres grading 4.97 g/t gold
Barsele Minerals: Drill Hole SKI18003B at the Skiråsen Zone intersects 27.0 metres grading 4.12 g/t gold
Barsele Minerals: Project Drill Hole AVA18003 within the Avan Zone intersects 9.0 metres grading 35.72 grams gold.

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