VANCOUVER, Feb. 28, 2018 /CNW/ - Boreal Metals Corp.
("Boreal" or the "Company") (TSXV:BMX) is pleased to
announce high grade and other encouraging drill results from the
ongoing 2,500 meter (planned) diamond drill program at
Gumsberg. Drill results from the first five holes (1,146.7
meters) confirm the presence of high grade silver-zinc-lead
mineralization with significant associated copper and gold
mineralization. Drill intercepts include various styles of
mineralization in massive sulfide horizons, some of which appear to
be exhalite-type deposits. Similar styles of mineralization
occur throughout the Bergslagen district in southern Sweden, which is host to multiple
world-renowned base metal sulphide deposits.
"We are pleased to announce the results of the drill program
at Gumsberg which to date have exceeded our expectations, with
significant mineralization in the first five holes," stated
Karl Antonius, President and CEO. "Intercepts in excess of
one kilogram per tonne silver with over 45% combined lead and zinc
at the Östersilvberg target are a testament to the metal endowment
and significantly increases our confidence in the economic
potential at Gumsberg. Confirming the presence of high grade
exhalative style mineralization is central to Boreal's potential to
build tonnage at Gumsberg."
SELECTED DRILL INTERCEPTS: DRILL HOLES BM-17-001 THROUGH
BM-17-005
Hole
|
From
|
To
|
Length
|
Ag
|
Zn
|
Pb
|
Cu
|
Au
|
Prospect
Name
|
ID
|
Meters
|
Meters
|
Meters
|
g/t
|
%
|
%
|
%
|
g/t
|
BM-17-001X
|
99.30
|
106.00
|
6.70
|
16.39
|
5.19
|
1.08
|
0.30
|
0.08
|
Vallberget
|
Incl.
|
101.30
|
104.40
|
3.10
|
32.34
|
10.97
|
2.25
|
0.39
|
0.16
|
BM-17-002
X
|
88.10
|
88.62
|
0.52
|
1.63
|
5.65
|
0.06
|
0.19
|
0.05
|
Vallberget
|
BM-17-002
X
Incl.
|
92.30
|
94.20
|
1.90
|
51.75
|
13.55
|
5.23
|
0.27
|
0.34
|
Vallberget
|
92.63
|
93.57
|
0.94
|
99.60
|
26.70
|
10.45
|
0.13
|
0.54
|
BM-17-003
X
|
101.35
|
102.55
|
1.20
|
25.00
|
6.73
|
2.10
|
0.35
|
0.12
|
Vallberget
|
BM-17-004
X
|
105.77
|
106.37
|
0.60
|
24.94
|
4.81
|
1.96
|
0.01
|
0.02
|
Vallberget
|
BM-17-005
Y
Incl.
And
And
|
122.30
|
133.24
|
10.94
|
656.70
|
16.97
|
8.52
|
0.03
|
0.76
|
Östersilvberg
|
122.30
|
127.45
|
5.15
|
1172.00
|
30.59
|
14.87
|
0.05
|
1.07
|
128.92
|
129.76
|
0.84
|
1113.00
|
33.09
|
17.20
|
0.04
|
1.32
|
132.90
|
133.24
|
0.34
|
487.00
|
0.06
|
5.44
|
0.06
|
4.00
|
BM-17-005
Y
Incl.
And
|
155.43
|
165.00
|
9.57
|
183.90
|
5.87
|
2.33
|
0.04
|
0.52
|
|
155.43
|
161.00
|
5.57
|
288.65
|
9.04
|
3.59
|
0.04
|
0.87
|
Östersilvberg
|
163.71
|
165.00
|
1.29
|
113.00
|
4.44
|
1.75
|
0.04
|
0.09
|
|
BM-17-005Y
|
178.16
|
179.00
|
0.84
|
218.02
|
11.56
|
5.77
|
0.04
|
0.30
|
Östersilvberg
|
X
|
Apparent widths
reported - true widths are estimated between 80-100% of reported
intervals.
|
Y
|
Apparent widths
reported - true widths are estimated at 20-50% of reported
interval.
|
Table 1. Significant Drill Intercepts from Boreal's
Gumsberg 2017-18 Diamond Drill Program.
The strategically situated Gumsberg project consists of six
exploration licenses in the Bergslagen Mining District of southern
Sweden totaling over 18,300
hectares, where multiple zones of VMS style mineralization have
been identified. Precious and base metal VMS mineralization
at Gumsberg was mined from the 13th century through the
early 19th century, with over 30 historic mines present
on the property, most notably the Östersilvberg mine which was the
largest silver mine in Sweden
between 1250 and 1590. Despite its long lived production
history, relatively little modern exploration has taken place on
the project. New geological interpretation, geophysical
surveys and reconnaissance drilling by EMX Royalty Corp. and Boreal
has led to the identification of multiple exploration targets, near
the historic workings which are exposed at surface.
Overview of Gumsberg Target Areas
Östersilvberg
The current drilling at Östersilvberg is designed to target the
down-plunge extension of mineralization below the historic mine
workings, which extend to a depth of 250 meters. Östersilvberg is
an attractive exploration target due to the presence of high grade
silver-zinc-lead sulphides in historical mining dumps. In
addition, miners in the 14th and 15th century
focused on silver-rich mineralization, which suggests they may not
have exploited the zinc rich parts of the system. Historical
data, as well as, new surface data suggest there are stacked lenses
of mineralization at Östersilvberg. Ongoing exploration
drilling will test for these additional zones of mineralization in
addition to testing below the historical workings to see if they
are open along strike and down plunge.
Vallberget-Loberget
The Vallberget-Loberget Trend is an attractive two
kilometer-long zone of northeast trending, moderately to steeply
southeast dipping precious and base metal-rich VMS style
mineralization. Mineralization across these prospects
includes high grade bodies of remobilized massive sulphides,
replacement style mineralization, vein style mineralization and
important exhalative sulphide mineralization. Historical
mining efforts suggest the mineralization is laterally continuous
and forms pipe-like, moderate to steeply southeast plunging ore
shoots. Ongoing exploration drilling by Boreal is targeting
each of these styles and geometries of mineralization.
Gumsgruvan
The Gumsgruvan area contains rocks containing pervasive
chlorite-anthophyllite-cordierite-garnet alteration as well as
significant gold and copper mineralization that is consistent with
VMS "feeder zones", which may have acted as conduits for the
transport of metal bearing hydrothermal fluids to the
paleosurface. This area is considered highly prospective for
copper and gold mineralization and is the least mature trend in the
2017-2018 exploration program.
Quality Control, Quality Assurance and Core Handling
Protocols
Drill core is logged and prepped for sampling before submittal
to ALS in Malå, Sweden where it is
cut, bagged and prepped for analysis. Accredited control
samples (blanks and accredited standards) are inserted into the
sample intervals regularly. Samples are dried (if necessary),
weighed, crushed (70% < 2mm), and riffle split into two
fractions. One is retained (coarse reject) and the other is
pulverized to 85% < 75µm. Pulps are analyzed by
ultra-trace ICP-MS (ME-MS41) and ICP-AES Au-Pt-Pd
(PGM-ICP23). Over detection limit samples are reanalyzed
using ore grade ICP-AES by aqua regia (ME-OG46) or by AAS in the
case of high grade zinc (Zn-AAORE).
About Boreal Metals Corp.
Boreal is a mineral exploration company focused on the discovery
of Zinc, Copper, Silver, Gold, Cobalt and Nickel deposits in
exceptional, historical mining project areas spanning Sweden and Norway. The Company aims to
discover new economic mineral deposits in known mining districts
that have seen little or no modern exploration techniques.
The Company is led by an experienced management and technical
teams, with successful track records in mineral discovery, mining
development and financing.
Qualified Person
Daniel MacNeil, P.Geo, a
Qualified Person as defined by National Instrument 43-101, has read
and approved all technical and scientific information related to
the Modum project contained in this news release. Mr. MacNeil
is Vice President Exploration for Boreal Metals Corp.
On behalf of Boreal Metals Corporation
Karl Antonius, President
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain statements that may be deemed
"forward‐looking statements". Forward‐looking statements are
statements that are not historical facts and are generally, but not
always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential" and
similar expressions, or that events or conditions "will", "would",
"may", "could" or "should" occur. Although Boreal Metals Corp.
believes the expectations expressed in such forward‐looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance, are subject to risks and
uncertainties, and actual results or realities may differ
materially from those in the forward‐looking statements. Such
material risks and uncertainties include, but are not limited to,
Boreal Metals Corp.'s ability to raise sufficient capital to fund
its obligations under its property option agreements, to maintain
its mineral tenures and concessions in good standing, to explore
and develop its projects, to repay its debt and for general working
capital purposes; changes in economic conditions or financial
markets; the ability of Boreal Metals Corp. to obtain the necessary
permits and consents required to explore, drill and develop the
projects and if obtained, to obtain such permits and consents in a
timely fashion relative to Boreal Metals Corp.'s plans and business
objectives for the projects; the general ability of Boreal Metals
Corp. to drill test its projects and find mineral resources; if any
mineral resources are discovered or acquired, the Company's ability
to monetize any such mineral resources; and changes in
environmental and other laws or regulations that could have an
impact on the Company's operations. Forward‐looking statements are
based on the reasonable beliefs, estimates and opinions of Boreal
Metals Corp.'s management on the date the statements are made.
Except as required by law, Boreal Metals Corp. undertakes no
obligation to update these forward‐looking statements in the event
that management's beliefs, estimates or opinions, or other factors,
should change.
![Boreal Metals Corp. (CNW Group/Boreal Metals) Boreal Metals Corp. (CNW Group/Boreal Metals)](https://mma.prnewswire.com/media/647204/Boreal_Metals_Boreal_Intercepts_High_Grade_Silver_Zinc_Lead_at_G.jpg)
SOURCE Boreal Metals