Boreal Completes Surface IP Geophysics at Burfjord, Norway
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BOREAL COMPLETES SURFACE IP GEOPHYSICS AT BURFJORD, NORWAY
Vancouver, B.C., January 4, 2018 . Boreal Metals Corp. (“ Boreal” or the “ Company”)
(TSXV:BMX) is pleased to announce the results of an Induced Polarization Geophysical Survey
(“IP Geophysical Survey”) at the 100% owned Burfjord Copper Project, located near Burfjord, in
Northern Norway (Figure 1) . The results of the survey indicate along -strike continuity of
sulphide mineralization over a three kilometer segment of prospective stratigraphy and a depth
continuity in excess of 100 meters ; beyond the depth limitations of the pole -dipole electrode
configuration (Figure 2).
“The IP Geophysical Survey increases our confidence in the strike and depth continuity of copper
mineralization at Burfjord,” stated Karl Antonius, President and CEO. “Copper mineralization at
Burfjord consists o f high grade copper veins within a broader mineralized envelope and the
results of this survey affirm Boreal’s target size criteria.”
The Burfjord Project is located in Northern Norway is accessed in spring, summer and fall by
approximately six kilometers of four-wheel drive roads from the village of Badderen;
approximately three kilometers of this road was recently upgraded for a regional powerline
project. In winter months, the project is accessed via snowmobile or snowcat routes that cross
the project area. Badderen is located approximately 13 kilometers south of the town of
Burfjord on a paved highway , and approximately 100 kilometers from Alta, Norway (regional
airport).
Figure 1. Location of Boreal’s Key Projects
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Figure 2. Werner Array IP chargeability features (hot/deep red color contoured zones on
map) are continuous over three kilometers.
Overview of the Burfjord Project
The Burfjord project is comprised of six exploration licenses totaling 5,500 hectares in the
Kåfjord copper belt near Alta, Norway. Copper mineralization was mined in the Burfjord area
during the 19th century, with over 30 historic mines and prospects developed along the flanks of
a prominent 4 x 6 kilometer fold (anticline) consisting of interbedded sedimentary and volcanic
rocks. Many of the rocks in th e anticline have undergone intense hydrothermal alteration and
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sulphide mineralization. Mineralization occurs as both high grade Cu -Au bodies that were
historically mined at high cutoff grades (>3% Cu), but Boreal has recognized significant volumes
of bulk tonnage potential Cu -Au mineralization developed in stockwork vein arrays throughout
the property position (Figure 3). Veins in the area are dominated by carbonate and iron -oxide
minerals (magnetite and hematite), but also contain chalcopyrite, bornite and chalcocite in
addition to cobalt -rich pyrite as generally coarse -grained (often 0.5 centimeter to multi -
centimeter scale) disseminations in the veins. Discreet zones of cobalt and nickel
mineralization are also seen on the property. Only limited exploration has taken place in the
modern era . The best historical drill i ntercept consists of 7 meter @ 3.6% Cu was obtained
from the Cedarsgruvan prospect in the northern portion of the claim block.
Figure 3. Example of stockwork vein zones flanking ridgeline outcrops at Burfjord.
The mineralization at Burfjord occurs as a combination of bedding controlled and structurally
controlled, discontinuous, high -grade veins (one to several meters in thickness) generally
surrounded by stockwork vein and disseminated zones of previously unknown dimensions. The
variably altered and mineralized horizons form a series of discontinuous ridges defined by the
stratigraphic layering (original bedding horizons likely controlled mineralizing fluid flow) where
the ridge tops are dominantly comprised of relatively un -veined and unmineralized rocks.
Boreal geologists recognized that along the flanks of these ridges, where most historic mining
took place on the ou tcropping high-grade veins, well -mineralized stockwork vein zones occur.
However, these recessive vein zones disappear under till cover and their lateral and vertical
extents are not known. Due to the style of the mineralization, it was determined that IP
Geophysical “mapping” method could be utilized.
Burfjord IP Geophysics
An IP and Resistivity Survey was conducted between October 5 and October 25, 2017 at
Burfjord, by Geo Vista AB . Approximately , 23 line -kilometers of near surface “Wer ner Array”
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measurements were made with 30 m eter electrode separation and 100 meter line spacing
roughly perpendicular to and crossing two of the stockwork vein zones . This methodology was
utilized in order to track chargeable disseminated sulphide mineralization under the shallow till
cover in order to determine the near -surface continuity of mineralization. Pole -dipole
measurements were carried out along two selected lines with four receiver dipoles and
electrode separations from 0 to 195 m eters. The pole-dipole measurements provide a sense of
depth (for this survey on the order of 100 meters) continuity of chargeable disseminated
sulphide mineralization which is correlated with copper mineralization at Burfjord.
The survey results successfully demonstrate the p rojection of mineralization under cover for
widths on the order of 100 meters or more, the continuity of the mineralization along trend for
at least 3 ,000 meters, and projection to depths of at least 100 meter. Based on these results,
Boreal has permitted a drill program to test the grade and continuity of mineralization and
anticipates executing this program in the first half of 2018.
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 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 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 +1.604.218.5030 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.
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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 “e xpects”, “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 exp ressed 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 concessi ons 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 requ ired 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 t est 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 upd ate these
forward‐looking statements in the event that management’s beliefs, estimates or opinions, or
other factors, should change.