Boreal Intercepts Additional High-Grade Zinc Silver Lead at Gumsberg, Sweden
NEWS RELEASE
May 2, 2018
BOREAL INTERCEPTS ADDITIONAL
HIGH-GRADE ZINC SILVER LEAD AT GUMSBERG, SWEDEN
Vancouver, B.C., May 2, 2018. Boreal Metals Corp. (“Boreal” or the “Company”) (TSXV:BMX) is
pleased to announce additional drill results from a recently completed 2,545 meter, 12 diamond
drill hole program at Gumsberg (“Gumsberg” or the “Project”), southern Sweden. Drill results
from the first five holes (1,146.7 meters) were released on February 28, 2018 (Boreal News
Release “BOREAL INTERCEPTS HIGH GRADE SILVER ZINC LEAD AT GU MSBERG PROJECT IN
SWEDEN”) and established the presence of continuous high-grade zinc-silver-lead mineralization
with significant associated copper and gold mineralization at Gumsberg. Mineralization is now
reported for the remaining seven drill holes, including significant results in holes BM-17-006, BM-
17-008, BM-17-011 and BM-17-012 as detailed below.
“The results of the 2017-2018 drill program at Gumsberg have exceeded our expectations, with
significant mineralization in 9 out of 12 holes,” stated Karl Antonius, President and CEO. “The
best intercepts are in excess of one kilogram per tonne silver with over 45% combined zinc and
lead and are testament to the metal endowment of the Gumsberg Project and significantly
increases our confidence in its economic potential.”
SELECTED DRILL INTERCEPTS: DRILL HOLES
Hole From To Length Zn Ag Pb Cu Au Prospect
ID Meters Meters Meters % g/t % % g/t Name
BM-17-001X 99.30 106.00 6.70 5.19 16.39 1.08 0.300 0.080
Vallberget
Incl. 101.30 104.40 3.10 10.97 32.34 2.25 0.390 0.160
BM-17-002 X 88.10 88.62 0.52 5.65 1.63 0.06 0.190 0.050 Vallberget
BM-17-002 X 92.30 94.20 1.90 13.55 51.75 5.23 0.270 0.340
Vallberget
Incl. 92.63 93.57 0.94 26.70 99.60 10.45 0.130 0.540
BM-17-003 X 101.35 102.55 1.20 6.73 25.00 2.10 0.350 0.120 Vallberget
BM-17-004 X 105.77 106.37 0.60 4.81 24.94 1.96 0.010 0.020 Vallberget
BM-17-005 Y 122.30 133.24 10.94 16.97 656.70 8.52 0.030 0.760
Östersilvberg
Incl. 122.30 127.45 5.15 30.59 1172.00 14.87 0.050 1.070
And 128.92 129.76 0.84 33.09 1113.00 17.20 0.040 1.320
And 132.90 133.24 0.34 0.06 487.00 5.44 0.060 4.000
BM-17-005 Y 155.43 165.00 9.57 5.87 183.90 2.33 0.040 0.520
Incl. 155.43 161.00 5.57 9.04 288.65 3.59 0.040 0.870
And 163.71 165.00 1.29 4.44 113.00 1.75 0.040 0.090
BM-17-005Y 178.16 179.00 0.84 11.56 218.02 5.77 0.040 0.300
BM-17-006 X 14.88 19.95 5.07 3.00 9.25 0.96 0.064 0.023
Vallberget
Incl. 14.88 15.93 1.05 9.29 11.16 0.88 0.127 0.083
Incl. 18.80 19.95 1.15 4.38 9.35 3.38 0.130 0.022
And 97.15 100.85 3.70 19.27 17.66 0.25 0.644 0.025
NEWS RELEASE
May 2, 2018
BM-17-007 No Significant Results Vallberget
BM-17-008 X 13.25 13.60 0.35 3.20 6.85 0.03 0.053 0.023 Vallberget
BM-17-008 X 86.35 87.15 0.80 1.16 0.85 0.05 0.016 0.002
BM-17-009 No Significant Results Vallberget
BM-17-010 No Significant Results Gumsgruvan
BM-17-011 X 53.50 56.65 3.15 3.03 11.69 0.62 0.438 0.188
Vallberget Incl. 54.73 55.20 0.47 17.80 43.00 4.02 0.037 0.584
BM-17-011 X 130.50 137.20 6.70 7.01 11.14 0.44 0.100 0.002
BM-17-012 W 321.00 322.00 1.00 1.22 6.20 0.60 0.005 0.101
Östersilvberg BM-17-012 W 325.00 329.00 4.00 1.01 4.25 0.42 0.006 0.187
BM-17-012 W 332.00 339.00 7.00 1.56 12.20 0.85 0.016 0.177
W True width unknown.
X Apparent widths reported - true widths are estimated between 80-100% of reported intervals.
Y Apparent widths reported - true widths are estimated at 20-50% of reported interval.
Table 1. Significant Drill Intercepts from Boreal’s Gumsberg 2017-18 Diamond Drill Program.
Drill intercepts include VMS-typical exhalative massive sulfide horizons, primary replacement
styles and related high-grade lenses and shoots. Similar styles of mineralization occur throughout
the Bergslagen district in southern Sweden, which is host to multiple world-renowned base metal
sulphide deposits.
Overview of Gumsberg Target Areas
Östersilvberg
The objective of drilling at Östersilvberg is to test the down-plunge extension of mineralization
below the historic mine workings, which extend to a depth of 250 meters. Östersilvberg is an
attractive exploration target due to the presence of high grade zinc -silver-lead sulphides in
historical mining dumps. In addition, miners in the fourteenth and fifthteenth centuries focused
on silver-rich mineralization, which suggests they may not have exploited the zinc rich parts of
the system. Historical data as well as new surface data suggest that there are stacked lenses of
mineralization at Östersilvberg.
Ongoing exploration drilling will test for these additional zones of mineralization in addition to
testing below the historical workings to see if they are open along strike and down plunge.
Vallberget-Loberget
The objective of drilling at Vallberget-Loberget was to text for extensions of high grade zinc
mineralization along strike and down dip from the historic mine workings. This resulted in several
new and significant drill intercepts, including 3.7 meters averaging 19.27% zinc with 17.25 g/t
NEWS RELEASE
May 2, 2018
silver with minor lead and copper in drill hole BM-17-006, and 6.7 meters averaging 7.01% zinc,
0.44% lead and 17.66 g/t silver in hole BM-17-011.
The Vallberget-Loberget Trend is an impressive two-kilometer-long zone of northeast trending,
moderately to steeply southeast dipping precious and base metal-rich VMS style mineralization.
The mineralization across these prospects includes high grade bodies of remobilized massive
sulphides, replacement style mineralization, vein style mineralization and important exhalative
sulphide mineralization. Historical mining efforts suggest the mineralization is laterally
continuous and forms pipe-like, moderate to steeply southeast plunging ore shoots. Ongoing
exploration drilling by Boreal is targeting each of these styles and geometries of mineralization.
Gumsgruvan
The Gumsgruvan area rocks are pervasively chlorite-anthophyllite-cordierite-garnet altered and
contain significant gold and copper mineralization consistent with VMS “feeder zones”. These
represent potential conduits which may have transported metal bearing hydrothermal fluids to
the paleosurface. This area is considered highly prospective for VMS copper and gold
mineralization and is the least mature trend in the 2017-2018 exploration program.
The strategically situated Gumsberg project includes six exploration licenses located in the
Bergslagen Mining District of southern Sweden totaling over 18,300 hectares, where multiple
zones of VMS style mineralization have been identified.
Figure 1. Location of Gumsberg Project, Land Position and 2017-2018 Diamond Drill Holes
NEWS RELEASE
May 2, 2018
Quality Control, Quality Assurance and Core Handling Protocols
Drill core is logged and prepped for sampling before submittal to ALS in Malå, Sweden where it
is cut, bagged and prepped for analysis. Accredited control samples (blanks and accredited
standards) are inserted into the sample intervals regularly. Samples are dried (if necessary),
weighed, crushed (70% < 2mm), and riffle split into two fractions. One is retained (coarse reject)
and the other is pulverized to 85% < 75µm. The pulps are analyzed by ultra-trace ICP-MS (ME-
MS41) and ICP-AES Au-Pt-Pd (PGM-ICP23). Over detection limit samples are reanalyzed using
ore grade ICP-AES by aqua regia (ME-OG46) or by AAS in the case of high grade zinc (Zn-AAORE).
About Boreal Metals Corp.
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 deposi ts 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 Gumsberg 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, identified by the words “expect s”, “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 to, Boreal Metals
NEWS RELEASE
May 2, 2018
Corp.’s ability to raise sufficient capital to fund its obligations under its property option agreements, to maintain its min eral 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, Boreal Metal s 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.