Latest Breaking News On - Gunnarn - Page 1 : comparemela.com
URL Source: The deal will make Agnico Eagle Barsele Minerals largest shareholder.
Barsele Minerals Corp. (BME:TSX.V) just announced that it has signed a nonbinding letter of intent to acquire Agnico Eagle s 55% indirect share of the Barsele project located in northern Sweden. Barsele already controls 45% of the project.
The project is located at the western end of the Proterozoic Skellefte Trend, a volcanogenic massive sulphide deposit belt, that host polymetallic and orogenic gold deposits. The opportunity to acquire a 100% controlling interest in the Barsele Project represents a tremendous milestone for Barsele, said Gary Cope, president, CEO and a director of Barsele, commented. We plan to significantly increase the drilling activity on the project with the goal of growing the current mineral resource estimates. We are excited to start a new chapter in the development of the Barsele Project and are thankful to our joint venture partner Agnico Eagle fo
SwedenGunnarnVasterbottenBarseleSean-boydPatrice-fusilloBarsele-minerals-corpStreetwise-reportsBarsele-mineralsOrex-minerals-incAgnico-eagleProterozoic-skellefte-trendBarsele Minerals Corp. – (TSXV: BME) (the
Company or
LOI ) with Agnico Eagle Mines Limited (
Agnico Eagle ) to acquire Agnico Eagle s indirect 55% interest in the Barsele Project (the
Proposed Transaction ). The Company currently holds the remaining 45% interest in the Barsele Project and upon completion of the Proposed Transaction, would consolidate control of the Barsele Project. The completion of the Proposed Transaction will be governed by the terms of a definitive agreement to be entered into between Barsele and Agnico Eagle.
Gary Cope, President, CEO and a director of the Company commented, The opportunity to acquire a 100% controlling interest in the Barsele Project represents a tremendous milestone for Barsele. We plan to significantly increase the drilling activity on the project with the goal of growing the current mineral resource estimates. We are excited to start a new chapter in the development of the Barsele Project and are thankful to our joint
SwedenBolidenVasterbottenKristinebergStorlidenGunnarnSvartlidenBarseleVancouverBritish-columbiaCanadaSean-boyd