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Boreal Metals Corp.
Summary
| Project: | Gumsberg | |
|---|---|---|
| Deposit: | Vallberget, Ostersilvberg | |
| Location: | Sweden | |
| Commodities: | Copper-Zinc-Lead-Silver-Gold | |
| Date: | 2/28/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-2-2018: Boreal Metals Corp. announces an Exploration/Drilling Update report for its Vallberget, Ostersilvberg deposit at the Gumsberg project. Drilling results incl. 10.94m @ 656.7g/t Ag, 16.97% Zn, 8.52% Pb, 0.03% Cu, 0.76g/t Au from 122.3m. Vancouver | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Daniel MacNeil (Internal) | |
| ABSTRACT: | Vancouver, B.C., February 28, 2018. Boreal Metals Corp. (“Boreal” or the “Company”) (TSXV:BMX) is pleased to announce high grade and other encouraging drill results from the ongoing 2,500 meter (planned) diamond drill program at Gumsberg. Drill results from the first five holes (1,146.7 meters) confirm the presence of high grade silver-zinc-lead mineralization with significant associated copper and gold mineralization. Drill intercepts include various styles of mineralization in massive sulfide horizons, some of which appear to be exhalite-type deposits. Similar styles of mineralization occur throughout the Bergslagen district in southern Sweden, which is host to multiple world-renowned base metal sulphide deposits. “We are pleased to announce the results of the drill program at Gumsberg which to date have exceeded our expectations, with significant mineralization in the first five holes,” stated Karl Antonius, President and CEO. “Intercepts in excess of one kilogram per tonne silver with over 45% combined lead and zinc at the Östersilvberg target are a testament to the metal endowment and significantly increases our confidence in the economic potential at Gumsberg. Confirming the presence of high grade exhalative style mineralization is central to Boreal’s potential to build tonnage at Gumsberg.” The strategically situated Gumsberg project consists of six exploration licenses in the Bergslagen Mining District of southern Sweden totaling over 18,300 hectares, where multiple zones of VMS style mineralization have been identified. Precious and base metal VMS mineralization at Gumsberg was mined from the 13th century through the early 19th century, with over 30 historic mines present on the property, most notably the Östersilvberg mine which was the largest silver mine in Sweden between 1250 and 1590. | |
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