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Boreal Metals Acquires Historic Cobalt Project in Norway Adding to Portfolio of 4 Historic Mining Project Areas in Sweden and Norway - Video Available on InvestmentPitch.com
Vancouver, British Columbia--(Newsfile Corp. - January 17, 2018) - Boreal Metals (TSXV: BMX) (...
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[{"type":"text","content":"Boreal Metals Acquires Historic Cobalt Project in Norway Adding to Portfolio of 4 Historic Mining Project Areas in Sweden and Norway - Video Available on InvestmentPitch.comVancouver, British Columbia--(Newsfile Corp. - January 17, 2018) - Boreal Metals (TSXV: BMX) (TSXV: BMX.WT) has added to its portfolio of projects with the acquisition of the Modum Project from EMX Royalty Corporation. The 13,115 hectare project is located approximately 75 kilometres west of Oslo, Norway.InvestmentPitch Media has produced a \"video\" which provides a brief overview of the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Boreal\" in the search box. Cannot view this video? Visit:http://www.investmentpitch.com/video/0_autzcyhj/Boreal-Metals-TSXVBMX-added-to-its-portfolio-of-projects-with-the-acquisition-of-the-Modum-Project-from-EMX-Royalty-Corporation-The Project, which is accessible year-round, with robust infrastructure including road, rail, power, and skilled labour, surrounds southern Norway's historic Skuterud Mine. The Modum property position surrounds an inlier of exploration licenses held and explored by third parties that partially cover the historic Skuterud Mine, with historic mine workings, prospect and trends of mineralization extending onto Boreal's property.The Skuterud Mine, also known as the Modum Mine, was Europe's largest and highest grade producer of cobalt through the nineteenth century, supplying more than 80% of the world's commercially produced cobalt in the 1820's and 1830's with some copper byproduct. Modum was the primary source of the cobalt used for blue pigment in Europe during the late eighteenth and nineteenth centuries. Historic production from the Skuterud Mine is estimated to have been approximately 1 million tons of mineralized material, with significant copper and gold.Boreal, focused on the discovery of Cobalt, Zinc, Copper, Silver and Gold deposits, now has five exceptional, historic mining project areas spanning Sweden and Norway.Karl Antonius, President and CEO, stated: \"The Modum Project includes an impressive 12,000 Ha with 12 kilometers of cobalt prospective geology, with stand-alone mining potential. Boreal is excited about the timely acquisition of a high grade cobalt project within an emerging battery production sector in the Nordic Region.\"The property has h...