Boreal Completes Drill Program at Burfjord Project IN Norway
NEWS RELEASE
December 3, 2018
BOREAL COMPLETES DRILL PROGRAM AT BURFJORD PROJECT IN NORWAY
Vancouver, B.C., December 3, 2018. Boreal Metals Corporation (“Boreal” or the “Company”)
(TSXV:BMX) is pleased to announce the completion of seven diamond drill holes totalling 951
metres of exploratory diamond drill program at its Burfjord copper gold project in Norway.
Drilling at Burfjord was completed ahead of time and under budget. Boreal would like to
commend Arctic Drilling for their great performance on the project and recognizes the
extraordinary service and strong support from several local businesses and the surrounding
communities. Assay results are expected in the coming weeks.
“The Burfjord project with its high-grade vein and disseminated copper mineralization is an
attractive early stage exploration opportunity,” stated Karl Antonius, President and CEO. “We
look forward to receiving the results of Boreal’s first drill program on the property.”
The Burfjord Project is host to numerous high-grade veins with associated copper-rich envelopes
developed across a large area (~ 6 by 4 kilometres) and represent an attractive exploration drilling
target with bulk tonnage mining potential.
Only limited exploration has taken place in the modern era and only one prospect area has been
drill tested to date (1970’s). The best historical drill intercept consists of seven meters @ 3.6%
copper1, and was obtained from the Cedarsgruve (mine) area in the northern portion of the claim
block.
Figure 1. Winterized rig drilling mineralized outcrops at Burfjord.
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
December 3, 2018
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.
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 reali ties 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 agreement s, 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 ot her 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, Bore al 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.