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Barsele Minerals : Fact Sheet - November 2022
November 02, 2022 at 08:05 am EDT
Corporate Fact Sheet TSXV:BME OTCQB: BRSLF
A MEMBER OF BELCARRA GROUP MANAGEMENT LTD.
Actively exploring the Barsele Project, located on the western end of the Proterozoic "Skellefte Trend", a
prolific gold and massive sulphide deposits belt, intersecting the "Gold Line" in Northern Sweden
District-scale (+34,500 ha) land package
Existing high-grade, NI 43-101 compliant
in a tier-1 mining jurisdiction
multi-million-ounce gold resource
Access to infrastructure (power, rail, roads, water,
~324K oz Au grading 1.81 g/t Au (indicated)
skilled labour) in a region that is host to multiple
~2.1M oz Au grading 2.54 g/t Au (inferred)
current and past-producing mines
Exploration to date has only scratched
Led by a proven management team (part
the surface of this large orogenic gold
of Belcarra Group) with experience
and evolving VMS system
monetizing major discoveries
5.0 km of the 8.0 km gold hosting shear zone remains
Recognized for the discovery of Orko Silver Corp's La
underexplored (current resource only covers 3.0 km)
Preciosa Silver-Gold Deposit in Durango, Mexico,
amongst other discoveries
Fully funded through to a PFS with JV partner Agnico Eagle
45/55 JV with Agnico Eagle (operator) who has spent over $40M and drilled over 162,691 m since 2015
Mineral Resource Estimate (Feb 21, 2019)
Scenario
Indicated
Inferred
Cut-off
Tonnage
Grade
Contained
Tonnage
Grade
Contained
(g/t Au)
(000)
(g/t Au)
(000 oz Au)
(000)
(g/t Au)
(000 oz Au)
Pit
0.50
3,452
1.32
147
1,819
1.59
93
Constrained
Bulk
1.50
1,442
2.53
117
8,759
2.58
728
Underground
Selective
1.80
684
2.75
60
14,917
2.64
1,265
Underground
Total
5,578
1.81
324
25,495
2.54
2,086
Upcoming Catalysts
Highlight Drill Results
Finalize negotiations with Agnico Eagle to become 100% owner of Barsele Project
Drill 30,000 m within next 1-1.5 years with expectation to grow inventory
Continue to explore the property with our
highly skilled team, working toward an additional 2-2.5 million NI 43-101 compliant oz
Capital Structure
Ticker(s)
TSXV:BME, OTCQB: BRSLF
Share Price (as of November 1, 2022)
C$0.33
Shares Outstanding
137.29M
Basic Market Capitalization
~C$45.30M
Options (average price $0.62)
6.57M
Fully Diluted Shares
147.71M
Barsele Minerals Corp. (TSX.V: BME) (OTCQB: BRSLF)
Hole ID
From
To
Core Length
Au
Top-Capped
(m)
(m)
(m)
(g/t)
(at 20g/t Au)
AVA16005
221
227
6
16.2
7.28
367
393
26
2.22
2.22
AVA18003
253
262
9
35.72
5.58
258.45
258.7
0.25
1165*
80
AVA18003ext
491
491.65
0.65
647.3
34
CNT15005
31
32.3
1.3
79
37.45
CNT15007
448
449
1
128
40
CNT17006
340
365
25
5.34
5.34
NOR19008
56.00
68.00
12.00
11.04
9.91
NOR19009
48.00
58.00
10.00
8.86
8.8
SKI16001
130.85
140
9.15
7.07
6.66
SKI16011
192
211
19
6.42
2.74
SKI17003
517
567
50
3.1
2.89
596
600
4
60.18
14.68
SKI17007
386.9
388
1.1
101.7
29.97
SKI17016
495
509
14
12.6
5.55
E: info@barseleminerals.com / P: 604-687-8566
www.barseleminerals.com
Suite 300 - 1055 W. Hastings St. Vancouver, BC
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Barsele Minerals Corp. published this content on 02 November 2022 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 02 November 2022 12:04:03 UTC .
First Nordic Metals Corp. Reports Earnings Results for the Full Year Ended December 31, 2023
Apr. 25
CI
Barsele Minerals Corp. will Change its Name to First Nordic Metals Corp
Mar. 20
CI
First Nordic Metals Corp. will Change its Ticker to FNM from BME
Mar. 20
CI
Barsele Minerals Reports Name Change; Up 4%
Mar. 18
MT
Barsele Minerals, Gold Line Resources Complete Merger
Feb. 26
MT
Barsele Minerals Corp. Announces Newly Constituted Board of Directors
Feb. 26
CI
Barsele Minerals Corp. completed the acquisition of Gold Line Resources Ltd..
Feb. 22
CI
Barsele Minerals Corp. announced that it has received CAD 1.21236 million in funding
Feb. 08
CI
Toronto Stocks Slightly Up; VersaBank Climbs on Higher 4Q Profit
Dec. 13
DJ
Barsele, Gold Line Merging To Create Scandinavian-Focused Gold Company
Dec. 13
MT
Barsele and Gold Line Brief: Announcing Merger to Create Scandinavian Focused District-Scale Gold Exploration and Development Company
Dec. 13
MT
Barsele Minerals Corp. announced that it expects to receive CAD 1.005 million in funding
Dec. 12
CI
Barsele Minerals Corp. signed a letter of intent to acquire Gold Line Resources Ltd. for CAD 5.9 million.
Nov. 27
CI
Barsele Minerals Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
Nov. 22
CI
Barsele Minerals Corp. announced that it has received CAD 0.3001 million in funding
Nov. 16
CI
Barsele Minerals Corp. Provides an Update Regarding Ongoing Exploration Activities Within the Barsele Gold-VMS Project Area in Västerbottens Län, Northern Sweden
23-10-04
CI
Barsele Minerals Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
23-08-22
CI
Barsele Minerals Corp. Announces Diamond Drilling Initiated on June 14, 2023
23-06-15
CI
Barsele Minerals Corp. Reports Earnings Results for the First Quarter Ended March 31, 2023
23-05-24
CI
Barsele Minerals Announces Plans for Resumption of Diamond Drilling Activities in 2023
23-05-03
MT
Barsele Minerals Corp. Provides an Update Regarding Ongoing Exploration Activities Within the Barsele Gold-VMS Project Area in Västerbottens Län, Northern Sweden
23-05-03
CI
Barsele Minerals Corp. Reports Earnings Results for the Full Year Ended December 31, 2022
23-04-26
CI
Barsele Minerals Corp. Auditor Raises 'Going Concern' Doubt
23-04-25
CI
Barsele Minerals Corp. Provides Operational Update Regarding 2022 Exploration Activities
23-01-16
CI
Barsele Minerals Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
22-11-14
CI
Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
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First Nordic Metals Corp., formerly Barsele Minerals Corp., is an explorer and project developer. The Companyâs flagship is the Barsele gold project, located in Sweden and in a joint venture with gold producer Agnico Eagle Mines Ltd. The Barsele property is located about 40 kilometers (km) southeast of the town of Storuman in Vasterbottens Lan, a regional district of northern Sweden approximately 600 km due north of Stockholm. The flagship of the portfolio is the 100,000-hectare (ha) district-scale position in Sweden covering almost the entire Gold Line belt and a significant portion of the Skellefte VMS belt and covering about 100 km belt position of regional first-order structural corridors. Immediately surrounding the Barsele project, the Company is the 100%-owner of a district-scale license position of close to about 100,000 ha on both the Gold Line and Skellefte VMS belts. Additionally, in northern Finland, the Company holds the entire underexplored Oijarvi Greenstone Belt.
More about the company
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