Boreal Metals Corp. [BMX-TSXV] has commenced fieldwork and exploration programs at its Tynset polymetallic VMS (volcanic massive sulphide) project in Norway. The Tyset Project is located in the historic Roros district, Norway’s most prolific base metal district.
“We are excited to announce the commencement of the Tynset programs in Norway. The exploration at Tynset’s 30-kilometre trend of VMS-style mineralization is an extremely important target for Boreal’s exploration growth strategy,” said Boreal President and CEO Karl Anonius.
Surface sampling, mapping and geophysical programs have begun and will initially focus in the vicinities of the historic Vingelen, Fedalsgruven, and Sivilldalen mines. Those mines operated at various times from the 1660s at Fedalsgruven through the early 1920s at Sivilldalen.
Although historical production focused on copper, significant zinc mineralization is present in all of the mining areas as seen in outcrop exposures and in mine waste materials. These initial work programs will consist of surface sampling of soil and glacial till materials along projections of zones of mineralization in and around the historic mines.
Surface sampling will be accompanied by high-resolution, ground-based magnetic geophysical surveys and geologic mapping. Tynset’s massive sulphide mineralization has a strong magnetic response due to high concentrations of pyrrhotite, a magnetic ferrous sulphide mineral associated with the polymetallic sulphide mineralization.
These zones are readily mappable by magnetic surveys. Depending on results, Boreal will also consider electromagnetic surveys as follow-ups to the upcoming field programs.
The goal of the programs is to further refine drill site selections, in anticipation of future drilling in 2018 and 2019, and to identify additional zones of copper and zinc mineralization in the area.
The Tynset VMS Project in the Roros district of Norway is one of four Scandanavian polymetallic projects acquired by Boreal in 2017 from EMX Royalty Corp. The project consists of 17 exploration licenses covering 17,000 hectares in the Roros mining district in central Norway and hosts a 30-km trend of VMS-style mineral occurrences and historic mines, including the Vingelen, Fadalsgruven and Sivilldalen mines.
Little exploration work has been conducted within the licenses of the Tynset project over the past 30 or 40 years.
However, sampling by the Geological Survey in the 1990s and EMX has shown evidence of zinc, gold, and silver enrichments in several of the historic mines and prospects. The company believes that good potential exists for discovery of zinc and precious metal-enriched VMS deposits.
Additionally, the historic drilling that has been conducted in the mining areas has been very limited and shallow. Significant potential exists for additional discoveries at depth and along strike of the historic mines.
On Thursday, Boreal shares eased 2.78% or $0.005 to 17.5 cents. The 52-week range is 40 cents and 13.5 cents.