Boreal Announces 2,500 Meter Drill Program at Zinc-Silver-Lead Gumsberg Project, Southern Sweden
NEWS RELEASE
December 1, 2017
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BOREAL ANNOUNCES 2,500 METER DRILL PROGRAM AT
ZINC-SILVER-LEAD GUMSBERG PROJECT, SOUTHERN SWEDEN
Vancouver, B.C., December 1 , 2017 . Boreal Metals Corp. (“ Boreal” or the “ Company”) is
pleased to announce that explora tion drilling is underway at its 100% owned Gumsberg l icense
property located in the prolific Bergslagen Mining District in sou thern Sweden ( Figure 1 ).
Boreal plans to conduct 2,500 meters of diamond drilling across three prospective high grade
volcanogenic massive sulphide ( “VMS”) mineral trends including Östrasilvberg, Vallberget-
Loberget and Gumsgruvan. Each of these silver -zinc-lead trends contain historical drilling from
the 1930s and 1970s (Table 1) and mining activities that can be traced to medieval times.
“Boreal has successfully advanced three high grade mineralized trends within the 18,300
hectare Gumsberg land posi tion to the drill testing phase,” stated President and CEO Karl
Antonius. “We are excited to see the results of the 2017 Drill Program given the high grades
intercepted on the property by EMX Royalty Corp. in 2016”.
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 occur. The VMS mineralization at Gumsberg was mined from
the 13th century through the early 1900s, with over 30 historic mines present on the property,
most notably the Östrasilverberg 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 geologic interpretations, geophysical surveys and
reconnaissance drilling by E MX Royalty Corp. have led to the identification of multiple
exploration targets, near the historic workings.
About Boreal Metals Corp.
Boreal is a mineral exploration company focused on the discovery of Zinc, Copper, Silver and
Gold deposits in four exceptional, historical mining project areas spanning Sweden and Norway.
The Company aims to discover new economic mineral deposits in known mining districts th at
have seen little or no modern exploration techniques. The Company is led by an experienced
management team and technical team, with successful track records in mineral discovery,
mining development and financing.
NEWS RELEASE
December 1, 2017
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Figure 1. The Gumsberg License is in the highly prospective Bergslagen District of southern
Sweden. The nearby mines and deposits in the region provide geologic context for Boreal’s
Projects, but this is not necessarily indicative that the Project hosts similar mineralization.
1 Grade-Tonnage information obtained from Mineral deposits and metallogeny of Fennoscandia, Geological Survey paper of
Finland, Special Paper 53. Pasi Eilu Editor. 401 p. 2012.
2 Garpenberg has a proven resource of 19.7 Mt @ 96 g/t Ag, 0.3 g/t Au, 0.04% Cu, 1.6% Pb, and 3.8% Zn and a probable
resource of 56.7 Mt @ 99 g/t Ag, 0.3 g/t Au, 0.05% Cu, 1.4% Pb, and 2.9% Zn (Boliden 2016 Annual Report:
http://www.boliden.com/investor-relations/reports-and-presentations/annual-reports/)
3Kampmann, T.C., Jansson, N.F., Stephens, M.B., Majka, J., and Lasskogen, L., 2017. Systematics of Hydrothermal Alteration at
the Falun Base Metal Sulfide Deposit and Implications for Ore Genesis and Exploration, Bergslagen Ore District, Fennoscandian
Shield, Sweden. Economic Geology V. 112, pp 1111-1152.
Note: Approximately 28 to 35 million metric tons (Mt) of ore were produced from the Falun Mine at grades ranging between
0.5 to 5% Zn, 0.1 to 1.7% Pb, 0.7 to 4% Cu, 13 to 35 g/t Ag, and 0.5 to 4 g/t Au, varying between different mineralization types.
NEWS RELEASE
December 1, 2017
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Table 1. Selected high grade historical drill intercepts from the Gumsberg Project. Boreal has
not performed sufficient work to verify the published drill data reported in this table. These
historically reported data should not be relied upon until they can be confirmed. However, the
drill-delineated mineralization as reported in various public documents available online and
from the SGU (Swedish Geological Survey) is considered relevant.
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 contained in this news release. Mr.
MacNeil is Vice President Exploration for Boreal Metals Corp.
On behalf of Boreal Metals Corporation
Karl Antonius, President
NEWS RELEASE
December 1, 2017
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For more information on Boreal please visit the Company website at www.borealmetals.com or
contact Alexandra Woodyer Sherron at +1.604.218.5030 or [email protected].
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 fo rward‐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 reali ties may differ
materially from those in the forward‐looking statemen ts. 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 min eral tenures and
concessions in good stand ing, 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 req uired to explore,
drill and develop the projects and if obtained, to obtain such permits and consents in a timely fashion relative to Boreal Me tals 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 en vironmental
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.