Barsele Minerals Corp. is pleased to announce the closing of its non-brokered private placement , previously announced on August 12, 2022, and subsequently upsized on August 16, 2022. The Offering consisted of the sale of 6,323,116 units of the Company at a price of $0.30 per Unit for aggregate gross proceeds of $1,896,935. Each Unit consists of one common share of the Company and one-half of one warrant . Each Warrant [...]
Barsele Minerals Corp. is pleased to announce that, due to strong demand from prospective subscribers, the Company has upsized its previously announced non-brokered private placement to up to 6,666,666 units of the Company at a price of $0.30 per Unit to raise aggregate gross proceeds of up to approximately $2,000,000. The other terms of the Offering announced on August 12, 2022 remain unchanged. The closing of the [...]
Barsele Minerals Corp. is pleased to announce that the Company intends to undertake a non-brokered private placement financing to raise gross proceeds of up to approximately $1,000,000 from the sale of up to 3,333,334 units at a price of $0.30 per Unit, with each Unit consisting of one common share of the Company and one-half of one warrant . Each Warrant will entitle the holder thereof to acquire one Share from the [...]
Coring was initiated on June 3rd Diamond drilling is budgeted for 3,000 metres and will test for Orogenic Gold and Volcanogenic Massive Sulphides. Drilling will commence near the known Risberget Zone, to test Orogenic Gold targets in the vicinity of previously intersected gold mineralization. Other Gold targets where testing is planned include Avan, Skiråsen, Bastuträsk, and Södra Sundträsket. Testing for Volcanogenic [...]
Barsele Minerals is pleased to announce that it has closed the final tranche of its non-brokered private placement, announced on Jan 6, 2022. The Final Tranche was comprised of 550,000 units of the Company issued at a price of $0.50 per Unit for aggregate gross proceeds of $275,000. Each Unit consists of one common share and one-half of one common share purchase warrant. Each Warrant entitles the holder thereof to acquire [...]
Barsele Minerals is pleased to announce that it has closed the first tranche of its $2 million private placement announced on Jan 6, 2022, issuing 825,000 units of the Company at a price of $0.50 per Unit for aggregate gross proceeds of $412,500. Each Unit consists of one common share and one-half of one common share purchase warrant. Each Warrant entitles the holder thereof to acquire one Share at the price of $0.75 per [...]
A high-grade boulder assaying 90.8 g/t Au was found 150 meters up-ice, to the northwest, along a known boulder trail discovered in 2016. This boulder occurs south-southeast from the trend of the Avan-Central Skiråsen zones. Follow-up Meffa results indicate arsenic anomalies in the area. Stringent COVID-19 protocols continue to be enforced, in order to keep the workers and the people living in the surrounding community [...]
Barsele Minerals Corp. is pleased to announce that the Company intends to undertake a non-brokered private placement financing to raise gross proceeds of up to $2,000,000 from the sale of up to 4,000,000 units at a price of $0.50 per Unit, with each Unit consisting of one common share of the Company and one-half of one warrant. Each Warrant will entitle the holder thereof to acquire one Share from the Company at a price [...]
At Bastuträsk, Regional hole BAS21005 cut 0.60 metres core length of sphalerite-bearing carbonate breccia, grading 2.93% zinc. Regional hole BAS21001 intersected a zone of hyaloclastic basalt with a 0.9 m interval grading 1.66% zinc, 0.12% lead. Regional hole BAS21006 yielded arsenopyrite rich vein material with visible gold including a 0.45 metre core length grading 8.20 g/t gold. Regional hole BAS21007 cut a zone logged [...]
Barsele Minerals Corp. is pleased to provide an update for the Barsele Gold-VMS Project area in Västerbottens Län. Effective September 30, 2021, the Swedish Geological Survey has designated the land area hosting the Avan-Central-Skiråsen "Orogenic Gold" system, as well as the land area surrounding the Norra "VMS" deposit, a land and water area of National Interest under Chapter 3, Section 7 of the Swedish Environmental [...]
Barsele Minerals Corp. announces that the non-binding letter of intent with Agnico Eagle Mines Ltd. dated May 10, 2021 to acquire Agnico Eagle's indirect 55% interest in the Barsele Project has terminated in accordance with its terms. The termination of the LOI is the result of current market conditions which have made it difficult to meet the requirements of the LOI. Gary Cope, President and CEO of Barsele commented [...]
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