VANCOUVER, March 20, 2019 /CNW/ - Boreal Metals Corp.
("Boreal" or the "Company") (TSXV:BMX) is pleased to
announce results from a recently completed seven diamond drill hole
reconnaissance program (951 metres) at its Burfjord copper gold
project ("Burfjord" or the "Project") in northern Norway (Table 1; Figure 1). Drilling at
Burfjord was completed on time and under budget. Burfjord is
host to numerous high-grade veins with associated copper-rich
envelopes developed across a large area (~ 6 by 4
kilometres). The large associated alteration system and
widespread copper mineralization support the project's potential to
host a large copper deposit.
"The results from this widely spaced reconnaissance drill
program confirm the presence of broad zones of copper
mineralization enveloping high-grade copper veins at Burfjord,"
stated Patricio Varas, Executive
Chairman. "The 32 metre mineralized zone in BUR-18-003
hole, at the Gamlegruve workings area, has added to the
prospectivity of the property in conjunction with historical
drilling at Cedarsgruve, where high copper grades had historically
been drilled tested."
Hole
|
From
|
To
|
Length
|
Cu
|
Au
|
In
|
ID
|
Metres
|
Metres
|
Metres
|
%
|
g/t
|
ppm
|
BUR-18-001
|
10.00
|
16.00
|
6.00
|
0.18
|
0.01
|
0.05
|
BUR-18-001
|
24.00
|
27.00
|
3.00
|
0.12
|
0.10
|
0.08
|
BUR-18-001
|
71.50
|
82.50
|
11.00
|
0.11
|
0.02
|
0.05
|
Incl.
|
79.00
|
82.50
|
3.50
|
0.21
|
0.01
|
0.08
|
BUR-18-002
|
15.00
|
20.00
|
5.00
|
0.20
|
0.03
|
0.09
|
BUR-18-002
|
39.00
|
62.00
|
23.00
|
0.14
|
0.01
|
0.05
|
BUR-18-003
|
73.00
|
84.00
|
11.00
|
0.14
|
0.01
|
0.07
|
BUR-18-003
|
184.00
|
216.00
|
32.00
|
0.56
|
0.26
|
0.50
|
Incl.
|
184.85
|
188.31
|
3.46
|
4.31
|
2.22
|
3.69
|
also
incl.
|
184.00
|
191.00
|
7.00
|
2.30
|
1.13
|
2.05
|
BUR-18-004
|
58.60
|
59.33
|
0.73
|
2.46
|
0.15
|
0.17
|
BUR-18-004
|
66.00
|
67.60
|
1.60
|
0.19
|
0.01
|
0.09
|
BUR-18-004
|
88.00
|
89.00
|
1.00
|
0.51
|
0.04
|
0.59
|
BUR-18-005
|
25.00
|
102.00
|
77.00
|
0.11
|
0.01
|
0.11
|
Incl.
|
52.00
|
62.00
|
10.00
|
0.24
|
0.04
|
0.20
|
Incl.
|
93.00
|
98.00
|
5.00
|
0.23
|
0.02
|
0.19
|
BUR-18-007
|
96.00
|
99.00
|
3.00
|
0.16
|
0.28
|
0.11
|
BUR-18-007
|
138.00
|
140.00
|
2.00
|
0.12
|
0.07
|
0.12
|
*Lengths reported
as seen in drill core. True widths are estimated at 85-100%
of reported lengths.
|
No significant
results were obtained from BUR-18-006.
|
Table 1.
Burfjord drill intercepts.
|
Only limited exploration has taken place at Burfjord in the
modern era and before Boreal's recent reconnaissance drill program
only one prospect area had been drill tested. The best
historical drill intercept consists of seven metres @ 3.6%
copper1, and was obtained from the Cedarsgruve
(mine) area in the northern portion of the claim block. The
discovery of the 32 metre wide zone with grades of 0.56% copper
and 0.26 g/t gold at the Gamlegruve workings in the southern
part of the property confirm the broad style of mineralization
observed in the widespread artisanal workings throughout the
Project (Figure 1).
_______________________________
|
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.
|
Overview of the Burfjord Project
The Burfjord copper gold project, located in the Kåfjord Copper
Belt near Alta, Norway is highly
prospective for Iron Oxide Copper Gold (IOCG) and Sediment Hosted
Copper mineral deposits which contribute significantly to copper
production globally.
High-grade copper gold veins at Burfjord that were historically
mined (pre 20th century) at cut-off grades of 3-5%
copper (see Figure 1) are surrounded by envelopes of stockwork
veins or disseminations of copper mineralization extending tens to
hundreds of metres laterally into the host rocks. Boreal
believes this mineralization has economic potential and represents
an attractive bulk tonnage exploration drilling target.
Copper bearing veins in the area are dominated by ferroan
carbonate, sodium-rich minerals, and iron-oxide minerals (magnetite
and hematite), but also contain the economically important minerals
chalcopyrite, bornite and chalcocite in addition to cobalt-rich
pyrite as generally coarse-grained (often 0.5 centimetre to
multi-centimetre scale) disseminations in the veins. The
sodium-rich (highly saline) styles of alteration and mineralization
at Burfjord are also host to elevated levels of rare elements
(e.g., reported Indium; see Table 1), critical "technology metals"
that are important to the emerging green energy and other
industries. Discreet zones of cobalt and nickel
mineralization are also present on the property.
The Burfjord project is comprised of six exploration licenses
totaling 5,500 hectares in the Kåfjord Copper Belt near Alta in
Norway. During the nineteenth century, copper mineralization
was mined from over 30 historic mines and prospects developed along
the flanks of a prominent 4 x 6-kilometre fold (anticline)
consisting of interbedded sedimentary and volcanic rocks.
Many of the rocks in the anticline are intensely hydrothermally
altered and contain sulphide mineralization.
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 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.
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. 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 copper (Cu-OG46).
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 Corp.
Karl Antonius, President
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 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 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 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 update these forward‐looking statements in the event
that management's beliefs, estimates or opinions, or other factors,
should change.
SOURCE Boreal Metals