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Overview & History

The 9,000 hectare Njuggsträskliden and 6,400 hectare Mjövattnet licenses cover multiple drill defined zones of nickel-rich sulfide mineralization. The Projects were recognized during a nationwide reconnaissance exploration program for nickel conducted between 1968 and 1984 by the Swedish Geological Survey (“SGU“) and other government entities. This led to the discovery of nickel mineralization at Mjövattnet in 1971, followed by the discovery of Njuggträskliden in 1974. More than 80 nickel occurrences were identified during the reconnaissance programs, with state funded drill programs defining multiple historic mineral resources.

Geology

Over the course of 20 years, several hundred holes were drilled on the Projects, intersecting both disseminated and massive styles of nickel-copper-cobalt sulfide mineralization associated with a suite of Proterozoic-aged mafic and ultramafic intrusions. The mineralization remains open at depth, and possibly along strike in several cases. More recent work included geophysical surveys and limited re-sampling of historic drill core for platinum group elements (PGEs) and gold. These elements are shown to be enriched at Njuggträskliden and Mjövattnet, but their distribution is not well understood at present, and represents additional upside potential.

Potential

The Projects are accessible year-round, with infrastructure including paved roads, water and power, as well as skilled labour in nearby municipalities. Given the limited shallow historic drilling (i.e., generally drilling <150 m) and untested targets at depth and along strike, Boreal believe that there is excellent potential for new discoveries at the Mjövattnet and Njuggsträskliden properties.

Mjövattnet and Njuggsträskliden Nickel Projects

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