President of Barsele Minerals Corp., Gary Cope speaks about their large gold project in Northern Sweden.
What I’m known for is Orko Silver which we took from a very small, early deposit to 275 million ounces and eventually sold it to Coeur Minerals for 375 million. The focus of Barsele is a very large gold project in northern Sweden, typical northern Arctic country. It’s probably the best place in the world to find a new mine. Sweden and Finland were one and two, taxation incentives for the north, lots of power and cheap power and a very skilled workforce. Our joint venture partner and operator is Agnico Eagle and the focus is gold. The biggest part of the joint venture in regards to Barsele is that we have no capital outlay. We are carried by Agnico Eagle to pre-feasibility before we’d have to put up any money and we think that’s a year and a half to two years away at minimum. What’s on the horizon for Barsele is a lot more drilling, Agnico has found new areas that need drilling. One particular area is three or four kilometres to the south of the known zones as well as infill drilling on the main three kilometer zone. We’re really excited about the new 43-101 resource that has just come out, the addition of many hundreds of thousands of ounces, of quality ounces is very exciting for us.
Barsele Minerals Corp. (TSX.V: BME) is a Canadian-based junior mineral exploration company with an impressive gold, silver, and copper exploration project on renowned mineral trends in Sweden (Barsele Gold Project) The Company’s directors and management include industry professionals with a consistent track record of identifying and advancing successful mineral exploration projects.
Our advanced-stage Barsele Gold Project is located near Storuman, Västerbottens Län, approx. 600 km north of Stockholm, Sweden.
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