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Boreal Awarded Exploration Permit Extension for Gumsberg
Boreal Awarded Exploration Permit Extension for Gumsberg Canada NewsWire VANCOUV...
About this update from Domestic Metals Corp.
[{"type":"text","content":"\n\n\n\nBoreal Awarded Exploration Permit Extension for Gumsberg\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, May 16, 2019\n\n\n\nVANCOUVER, May 16, 2019 /CNW/ - Boreal Metals Corp. (\"Boreal\" or the \"Company\") (TSXV:BMX) is pleased to announce that the Gumsberg No. 1 Exploration Permit has been extended an additional four years to January 21, 2023.  The Gumsberg No. 1 permit hosts the newly discovered \"South Zone\" silver-zinc-lead mineralization at Östra Silvberg where Boreal intercepted 12.60 metres of 6.73% zinc, 18.53 g/t silver and 1.99% lead in 2018 and 10.94 metres of 17.00% zinc, and 656.70 g/t silver with 8.52% lead and 0.8 g/t gold in 2017 (see Figure 1).\n\"The renewal of the exploration permit is a direct result of the drill testing, where a new high-grade mineralized deposit has been discovered,\" stated Patricio Varas, Chief Executive Officer.  \"We look forward to further drill testing at Östra Silvberg to continue to expand the new discovery, as well as future testing of other prospective targets on the property.\"  \nThe Gumsberg No. 1 permit has been valid for six years (Figure 1).  According to the Swedish Bergsstaten, exploration permits are subject to a sixth-year renewal where a sufficient volume of mineralization must be defined and approved by the Swedish Bergsstaten.  Upon approval by the Bergsstaten, exploration permits can be extended or converted to exploitation licenses.  In this case, the exploration permit was granted an additional four-year extension as Boreal continues to define and expand new zones of mineralization on the property.   \nOverview of the Gumsberg Project\nThe strategically situated Gumsberg project consists of seven distinct project target areas in the Bergslagen Mining District of southern Sweden totaling over 18,300 hectares, where multiple zones of VMS and related styles of mineralization have been identified.  Precious and base metal mineralization at Gumsberg was mined from the thirteenth century through the early ninetee...