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