Boreal Commences Drill Program at Burfjord Copper-GOLD Project IN Norway
NEWS RELEASE
September 26, 2018
BOREAL COMMENCES DRILL PROGRAM AT BURFJORD COPPER-GOLD PROJECT
IN NORWAY
Vancouver, B.C., September 26, 2018. Boreal Metals Corporation (“Boreal” or the “Company”)
(TSXV:BMX) is pleased to announce the commencement of a 1,000 metre exploratory diamond
drill program at its Burfjord copper-gold project in Norway. The Burfjord Copper-Gold Project is
host to numerous high-grade veins with associated copper-rich envelopes developed across a
large, 4 by 6 kilometre area and represents an attractive exploration drilling target with bulk
tonnage mining potential.
“We are highly optimistic that the current drill program will deliver widespread copper
mineralization as observed on surface by our geological team. With some luck , the Burfjord
project will bear economic zones that can excite our shareholders ,” stated Karl Antonius,
President and CEO. “Discovering significant mineralization in the subsurfac e at Burfjord
represents an exciting near-term growth opportunity for the Company.”
Only limited exploration has taken place in the modern era and only one prospect area has been
drill tested to date. The best historical drill intercept consists of 7 metres @ 3.6% copper1, and
was obtained from the Cedarsgruve (mine) area in the northern portion of the claim block.
Figure 1. Example of stockwork vein zones flanking ridgeline outcrops at Burfjord.
Overview of the Burfjord Project
The Burfjord Copper-Gold Project, located in the Kåfjord Copper Belt near Alta, Norway is highly
prospective for Iron Oxide Copper Gold (IOCG) and Sediment Hosted Copper mineral deposits
which contribute significantly to copper production globally.
1 Source: NGU Deposit Factsheet, Deposit Area 1943-010, 1997. Boreal’s property reviews have confirmed the geologic setting and occurrence
of mineralization on the Project, and considers the historic exploration data to be relevant as reported in public disclosures and government
reports.
NEWS RELEASE
September 26, 2018
High-grade copper-gold veins at Burfjord (Figure 1) are surrounded by envelopes or
disseminations of copper mineralization extending tens to hundreds of metres laterally into the
host rocks. Boreal believes this mineralization represents an attractive bulk tonnage exploration
drilling target. Copper bearing veins in the area are dominated by ferroan carbonate and iron-
oxide minerals (magnetite and hematite), but also contain the economically important minerals
chalcopyrite, bornite and chalcocite in addition to cobalt-rich pyrite as generally coarse-grained
(often 0.5 centimetre to multi-centimetre scale) disseminations in the veins. Discreet zones of
cobalt and nickel mineralization are also present on the property.
The Burfjord project is comprised of six exploration licenses totaling 5,500 hectares in the Kåfjord
Copper Belt. Copper mineralization was mined in the Burfjord area during the nineteenth
century, with over 30 historic mines and prospects developed along the flanks of a prominent 4
x 6 kilometre fold (anticline) consisting of interbedded sedimentary and volcanic rocks. Many of
the rocks in the anticline are intensely hydrothermally altered and contain sulphide
mineralization.
About Boreal Metals Corporation
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. The Company is led by an experienced
management team and technical team, 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 Burfjord project contained in
this news release. Mr. MacNeil is Vice President Exploration for Boreal.
On behalf of Boreal Metals Corporation
Karl Antonius, President
For more information on Boreal, please visit the Company website at www.borealmetals.com or
contact Alexandra Woodyer Sherron at +1.604.922.8810 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.
NEWS RELEASE
September 26, 2018
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 condi tions “will”, “would”, “may”, “could” or “should” occur.
Although Boreal Metals Corp. believes the expectations expressed in such forward-looking statements are based on reasonable a ssumptions,
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 t o, 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 ex plore, 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 opin ions, or other
factors, should change.