Boreal points to copper potential at Burfjord
Two-time Vale president Eliezer Batista dies
Leadership
Look beyond market approach to project valuations: van Zyl
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"Tshisekedi would be a relatively positive figure for mining investment"
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It reported a 32m intercept at the Gamlegruve workings area grading 0.56% copper and 0.26g/t gold from 184m, including 3.46m at 4.31% copper and 2.22g/t gold.
Executive chairman Patricio Varas said the results confirmed the presence of broad zones of copper mineralisation enveloping high-grade copper veins at Burfjord.
Two-time Vale president Eliezer Batista dies
Leadership
Look beyond market approach to project valuations: van Zyl
Leadership
"Tshisekedi would be a relatively positive figure for mining investment"
SPONSOREDverisk maplecroft
Global Atomic's 'transformational discovery' changes everything
SPONSOREDglobal atomic corp
Boreal said it also confirmed the broad style of mineralisation observed in the widespread artisanal workings across the property.
Burfjord was mined pre-20th century and has seen little modern exploration, Boreal said, with the best historical drill intercept of 7m at 3.6% copper from the Cedarsgruve mine area in the northern portion of the project.
The company has been building its Scandinavian portfolio through a series of deals with EMX Royalty Corp, one of its major shareholders.
EMX also backed Boreal's February financing, which was upsized to C$1.6 million (US$1.2 million) at 9.5c per unit, for exploration at the Gumsberg VMS project in Sweden and general working capital.
Boreal had about $1.2 million (US$0.9 million) in cash at the end of September.
Its shares were trading at 24c a year ago and fell to 4c in December.
They last traded at 8.5c to capitalise it about $6.5 million.