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Boreal Metals Corp.
Summary
| Project: | Gumsberg | |
|---|---|---|
| Deposit: | Gumsberg | |
| Location: | Sweden | |
| Commodities: | Zinc-Silver-Lead-Gold | |
| Date: | 7/9/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-7-2019: Boreal Metals Corp. announces an Exploration/Drilling Update report for its Gumsberg deposit at the Gumsberg project. Drilling results incl. 8.04m @ 5.12% Zn, 93.05g/t Ag, 2.27% Pb, 0.434g/t Au from 262.25m. Vancouver, B.C., July 9, 2019. Borea | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Daniel MacNeil (Internal) | |
| ABSTRACT: | Vancouver, B.C., July 9, 2019. Boreal Metals Corp. (“Boreal” or the “Company”) (TSXV:BMX) is pleased to announce results from its seven hole, 1,454.8 meter drilling program at the 100% owned Gumsberg project located in the prolific Bergslagen mining district in Sweden. “We are delighted to see that the new Östra Silvberg South Discovery continues to return high‐ grade silver‐zinc‐lead mineralization,” stated Patricio Varas, CEO. “Drilling completed to date on this zone has returned consistent intercepts from below surface to roughly 250 metres. This new discovery at Gumsberg has relatively low density of exploratory diamond drilling and remains open in all directions. We are excited for what further delineation drilling may deliver in the future.” Exploration drilling cut significant mineralization at each of the target areas (Table 1). The majority of the drilling was conducted at the newly discovered South Zone at Östra Silvberg and returned up to 5.12% Zn, 2.27% Pb and 93 g/t Ag over 8.04 meters (Table 1; Figures 1‐2). Two of the four holes drilled at Östra Silvberg also intersected unmapped mine workings, which project to deeper levels and further east than was indicated by historic mine maps (Table 1; Figures 1‐2). In addition to Boreal’s drill successes, this also suggests that mineralization is more extensive in the area than previously recognized. | |
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