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Boreal Signs Option Agreement With Boliden Mineral AB for Its Burfjord Project in Norway
Boreal Signs Option Agreement With Boliden Mineral AB for Its Burfjord Project in Norway ...
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[{"type":"text","content":"\n\n\n\nBoreal Signs Option Agreement With Boliden Mineral AB for Its Burfjord Project in Norway\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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, BC, June 10, 2020\n\n\n\nVANCOUVER, BC, June 10, 2020 /CNW/ - Boreal Metals Corp. (\"Boreal\" or the \"Company\") (TSXV: BMX) is pleased to announce that it has entered into an option agreement (the \"Agreement\") with Boliden Mineral AB (\"Boliden\") with respect to Boreal's 100% owned Burfjord copper-gold project in Northern Norway (\"Burfjord\" or the \"Project\"). The Project is host to gold and cobalt bearing high grade copper veins which occur in broad zones of disseminated style copper mineralization covering a 6-kilometer by 4-kilometer window of copper prospective geology (Figure 1).      \n\"The option agreement with Boliden, a leading mining and smelting company in the region, represents a significant step forward in the advancement of Boreal's exploration project portfolio,\" stated Patricio Varas, Chairman and CEO of the Company. \"Collaboration with Boliden will maximize the potential for a significant copper-gold discovery at Burfjord and will facilitate value creation during these difficult financial market conditions.\"\nBurfjord is characterized by broad arrays of copper, gold and cobalt bearing veins dominated by iron-oxide and iron-carbonate rich mineral assemblages reminiscent of Iron Oxide Copper Gold mineral deposits (IOCGs). The large associated alteration system at Burfjord and widespread copper mineralization support the Project's potential to host a large copper deposit.\nOn March 20, 20191, Boreal announced compelling drill results from Burfjord, including an intercept of 32 meters averaging 0.56% copper and 0.26...