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Transaction Announcement Reports
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Project: | Gumsberg | |
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Deposit: | Gumsberg | |
Location: | Sweden | |
Commodities: | Copper-Zinc-Lead-Silver-Gold | |
Date: | 9/21/2017 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 21-9-2017: Boreal Metals Corp. announces an Exploration/Drilling Update report for its Gumsberg deposit at the Gumsberg project. independent report summarizing exploration activities carried out on the property . Boreal Metals Corp. (BMC) commissioned DAM | |
Resources: | x | |
CP/QP: | [Overall Report]: Mustafa Atalay (DAMA Enginieering Co.) | |
ABSTRACT: | Boreal Metals Corp. (BMC) commissioned DAMA Engineering Co. (DAMA) to prepare a National Instrument 43-101 (NI 43-101) compliant Technical Report, titled “NI 43-101 Technical Report on the Exploration of the Gumsberg Base and Precious Metal Project” (the Project) located in the Bergslagen Mining District of southern Sweden, approximately 200 km northwest of Stockholm, near the town of Säter. The purpose of this NI 43‐101‐compliant Technical Report is to validate and update comprehensive recent technical reports and documents prepared by the employees of the EMX Royalty Corporation (”EMX”, formerly Eurasian Minerals Inc.), previous owner, who was not independent from the concession holder at that time according to section 3.5 (1) (g) of Form 43‐101F1. Mr. Mustafa Atalay, CPG, AIPG, Qualified Person (QP) of this Technical Report is a member of AIPG and fulfills the requirements of an independent QP for the purposes of NI 43-101. Mr. Atalay visited the Property and verified all information provided by EMX, and was accompanied by Dr. Yusuf Ziya Özkan, DAMA Exploration Manager, and Dr. Eric Jensen, PhD, General Manager of Exploration of EMX. This Technical Report conforms to NI 43-101 Standards of Disclosure for Mineral Projects. The Gumsberg Property (the Property) consists of five contiguous exploration permits totalling 7,100 ha in the Bergslagen mining district of southern Sweden, approximately 200 km from Stockholm, Sweden. The concessions are owned by the Swedish-registered company Iekelvare Minerals AB. The Project is currently owned and operated by Boreal Metals Inc., (BMC), a publicly listed British Columbia corporation, through Iekelvare Minerals AB. | |
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