Boreal Engages Drill Contractor FOR Burfjord Copper-GOLD Project IN Norway
NEWS RELEASE
September 12, 2018
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BOREAL ENGAGES DRILL CONTRACTOR FOR BURFJORD COPPER-GOLD PROJECT IN NORWAY
Vancouver, B.C., September 12, 2018. Boreal Metals Corporation (“Boreal” or the “Company”)
(TSXV:BMX) is pleased to announce that the Company has engaged Arctic Drilling AB (“Arctic
Drilling”) to conduct exploratory diamond drilling at Burfjord in Norway. Boreal is mobilizing to
commence a 1,000 meter reconnaissance drill program in late September and will test a variety
of shallow drill targets across the property position. The drill targets include multiple zones
highlighted by Induced Polarization geophysical surveys completed by Boreal in late 2017 (see
Boreal News Release dated January 4, 2018). Widespread copper-gold mineralization is seen in
surface exposures in each target area and Boreal is excited to be the first to drill test these
targets.
“We are pleased to be working with Arctic Drilling on our Burfjord Copper-Gold Project in
Norway,” stated Karl Antonius, President and CEO. “Arctic Drilling has extensive experience
drilling in the region and has developed a strong working relationship with the local community
and stakeholders.”
Figure 1. Boreal’s Project Portfolio
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
nineteenth 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
NEWS RELEASE
September 12, 2018
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rocks. Many of the rocks in the anticline are intensely hydrothermally altered and contain
sulphide mineralization.
Mineralization occurs as high-grade copper-gold bodies that were historically mined at high cut
off grades (>3% copper). Boreal has recognized significant volumes of bulk tonnage potential
copper-gold mineralization developed in stockwork vein arrays throughout the property position
which the Company believes have economic potential (Figure 2). 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 present on the property.
Only limited exploration has taken place in the modern era and only one prospect area has been
drill tested to date. The best historic drill intercept consists of 7 meters @ 3.6% copper from the
Cedarsgruve Mine area in the northern portion of the claim block1.
Figure 2. Example of stockwork vein zones flanking ridgeline outcrops at Burfjord.
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 Metals Corporation.
1 Norges Geologiske Undersøkelse (NGU), 1997; Malmdatabasen, Forekomstområde 1943 – 010, Navn på forekomstområde: Cedars gruve. Note that
Boreal has not performed sufficient work to verify the published drill data, which are reported as published and have not been confirmed.
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September 12, 2018
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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 Corporation 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
Corporation’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 Corporation 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 Corporation’s plans
and business objectives for the projects; the general ability of Boreal Metals Corporation 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 Corporation’s management on the date the statements are made. Except as required by law,
Boreal Metals Corporation undertakes no obligation to update these forward-looking statements in the event that management’s beliefs,
estimates or opinions, or other factors, should change.