Boreal Conducts Soil Survey at Fredriksson MINE Target, Gumsberg Project
NEWS RELEASE
September 1, 2020
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BOREAL CONDUCTS SOIL SURVEY AT FREDRIKSSON MINE TARGET,
GUMSBERG PROJECT
Vancouver, B.C., September 1, 2020. Boreal Metals Corp. ("Boreal" or the "Company")
(TSXV:BMX) is pleased to announce ongoing exploration on its 100% owned silver-zinc-lead-gold
Gumsberg Project located in the Bergslagen Province of Southern Sweden. Boreal is conducting
soil sampling at the past producing Fredriksson Mine (21,000 tonnes grading 53 g/t silver, 5.13%
zinc, and 1.7% lead from a test pit; and 45,000 tonnes grading 49 g/t silver, 5.77% zinc and 1.84%
lead underground) as part of an ongoing initiative to advance the target to drill testing (Figure 1).
“The Fredriksson Mine contains silver-zinc mineralization reminiscent of Broken Hill-type Pb-Zn-
Ag (BHT) deposits, named after the Broken Hill Deposit, the largest accumulation of Pb-Zn-Ag on
Earth1,2”, stated Patricio Varas, Chairman and CEO of Boreal. “Boreal is committed to advancing
Fredriksson to drill testing as a significant step forward for the Company and is part of a broader
strategy to conduct exploration drilling in three significant areas with past production including
Ostra Silvberg, Vallberget-Loberget and Fredriksson.”
Soil Survey Parameters and Analysis
A total of 112 soil samples colleced at 15-25 centimetres below the organic horizon across 3 test
lines with an average sample station spacing of 15 metres and an average line spacing of 100
metres. Soil samples are analyzed by portable x-ray fluorescence (XRF) and by ALS Scandinavia
AB for Ionic Leach (ME-MS23) and Leach PH (pH-MS23). A duplicate sample was collected every
20 samples. Blind geochemical standards were not incorporated into the orientation survey.
About Fredriksson Gruva (Fredriksson Mine)
Fredriksson Gruva was discovered in 1976 by LKAB Prospektering AB. Exploration was carried
out in 1976 and 1977 including surface trenching, sampling and 9 diamond drill holes which
identified precious metal enriched base metal mineralization. In 1977, AB Statsgruvor (ABS)
acquired the Fredrikssongruvan prospect and conducted open pit test mining in 1978. Test
mining was conducted to a depth of 20 metres below surface and produced 21,500 tonnes
grading 53 g/t silver, 5.13% zinc and 1.7% lead, and to a depth of 20 metres 19783. A total of 11
additional holes were drilled in 1979 to test the down plunge extent of mineralization. Between
1980 and 1981 mining activites resumed and an underground tram was installed. A total of
45,000 additional tonnes grading 49 g/t silver, 5.77% zinc and 1.84% lead were produced from
1Comparisons to the Broken Hill Deposit are strictly for purposes of establishing deposit models and are not indicative of mineralization hosted on
the Company’s property.
2Spry, P.G., Teale, G.S., and Steadman, J.A., 2009, Classification of Broken Hill-type Pb-Zn-Ag deposits: A refinement. Eos Transactions AGU, v. 90
(22), Joint Assembly Supplement, Abstract, V21A-01
3Edberg, L., and Flood, B., 1982. Rapport Grb 262 SLUTRAPPORT FRAN DIAMANTBORRNINGARNA VID FREDRIKSSONGRUVAN (GYLLINGEN)
1981/1982© Sveriges geologiska undersökning (SGU) (Geological Survey of Sweden)
NEWS RELEASE
September 1, 2020
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Figure 1. The major prospects on the Gumsberg Project, Southern Sweden.
workings that extend to a depth of 91 metres (4 underground levels)2. Also during this period, 4
holes were drilled and a core relogging progam was completed. In addition, surface trenching
and a magnetic gephysical survey was completed. Boreal staked the Fredriksson Gruva prospect
as part of a larger staking acquisition (Gumsberg nr 9) in March 2017. This licence is refered to
as “Gumsberg West“ and forms the western half of the highly prospective Gumsberg Project.
About Boreal Metals Corp.
Boreal is a mineral exploration company focused on the discovery of silver, zinc, copper and gold
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 experienced board,
management and technical teams, each with successful track records in mineral discovery,
mining development and financing.
NEWS RELEASE
September 1, 2020
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Qualified Person
Daniel MacNeil, P.Geo, a Qualified Person as defined by National Instrument 43-101 Standards
of Disclosure for Mineral Projects, has read and approved all technical and scientific information
contained in this news release. Mr. MacNeil is Vice President Exploration for Boreal.
On behalf of Boreal Metals Corp.
Patricio Varas, Chairman and CEO
For more information on Boreal please visit the Company website at www.borealmetals.com or
contact us 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. Forward-looking statements may
include, without limitation, statements relating to future outlook and anticipated events, such as the successful
completion of the Private Placement or the anticipated use of proceeds of the Private Placement by the Company.
Although Boreal 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's ability to raise sufficient capital 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 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 plans and business objectives for the projects; the general
ability of Boreal 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 management on the date the statements are made.
Except as required by law, Boreal undertakes no obligation to update these forward-looking statements in the event
that management's beliefs, estimates or opinions, or other factors, should change.