Boreal Commences Exploration Programs at Tynset VMS Project IN Norway
NEWS RELEASE
July 4, 2018
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BOREAL COMMENCES EXPLORATION PROGRAMS
AT TYNSET VMS PROJECT IN NORWAY
Vancouver, B.C., JULY 4, 2018. Boreal Metals Corp. (“Boreal” or the “Company”) (TSXV:BMX) is
pleased to announce the commencement of field work and exploration programs at its Tynset
polymetallic VMS project in Norway (“Tynset” or the “Project”). The Tynset project is located in
the historic Røros District, Norway’s most prolific base metal district.
“We are excited to announce the commencement of the Tynset programs in Norway . The
exploration of Tynset’s 30 km trend of VMS style mineralization is an extremely important target
for Boreal’s exploration growth strategy,” stated Karl Antonius, President and CEO.
2018 Work Programs
Surface sampling, mapping and geophysical programs have commenced at Tynset, and will
initially focus in the vicinities of the historic Vingelen, Fådalsgruven and Sivilldalen mines. Those
mines operated at various times from the 1660’s at Fådalsgruven through the early 1920’s at
Sivilldalen. Although historical production focused on copper, significant zinc mineralization is
present in all of the mining areas as seen in outcrop exposures and in mine waste materials.
These initial work programs will consist of surface sampling of soil and glacial till materials along
projections of zones of mineralization in and around the historic mines.
Surface sampling will be accompanied by high resolution, ground-based magnetic geophysical
surveys and geologic mapping. Tynset’s massive sulfide mineralization has a strong magnetic
response due to high concentrations of pyrrhotite, a magnetic ferrous sulfide mineral associated
with the polymetallic sulfide mineralization. These zones are readily mappable by magnetic
surveys. Depending on results, Boreal will also consider electromagnetic surveys as follow ups
to the upcoming field programs.
The goal of the programs is to further refine drill site selections, in anticipation of future drilling
in 2018 or 2019, and to identify additional zones of copper and zinc mineralization in the area.
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Overview of Tynset
The Tynset VMS project in Røros District of Norway is one of four Scandinavian polymetallic
projects acquired by Boreal in 2017 from EMX Royalty Corporation (TSX: EMX; NYSE: EMX). For
transaction details, see Boreal News Release dated February 24, 2017 “Boreal Announces
Swedish Acquistion”.
The Tynset project is comprised of 17 exploration licenses totaling 17,000 hectares in the Røros
Mining District in central Norway, and hosts a 30 kilometer trend of VMS style mineral
occurrences and historic mines, including the Vingelen, Fådalsgruven and Sivilldalen mines. Little
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exploration work has been conducted within the licenses of the Tynset project over the past 30
to 40 years. However, sampling by the Norwegian Geological Survey in the 1990’s and EMX has
shown evidence for zinc, gold, and silver enrichments in several of the historic mines and
prospects, and the Company believes that good potential exists for discovery of zinc and
precious-metal enriched VMS deposits.
Additionally, the historic drilling that has been conducted in the mining areas has been very
limited and shallow. Significant potential exists for additional discoveries at depth and along
strike of the historic mines.
About Boreal Metals Corp.
Boreal is a mineral exploration company focused on the discovery of Zinc, Copper, Silver, Gold
and Cobalt 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 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 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
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.
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,
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July 4, 2018
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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 ma nagement 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.