District Metals Corp. (TSX-V:DMX) CEO Garrett Ainsworth has spotlighted newly released historical exploration data on the company's Svärdsjö polymetallic property in Sweden.
The Mining Inspectorate of Sweden recently revealed exploration data from mining company Boliden after a confidentiality period of three years. The data, along with a recent survey, has revealed several priority target areas that strongly warrant follow-up work and drilling, District Metals said.
"We acquired the Svärdsjö property in November 2021 with an understanding that historical exploration data would be released after the standard confidentiality period ended,” Ainsworth said in a statement. “The recently obtained historical drill results from the historical Svärdsjö mine area show impressive continuity along strike and at depth with high-grade polymetallic mineralization open in most directions.”
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“Significant polymetallic mineralization has been encountered by historical drilling along a strike of greater than 1,000m and at depths of greater than 600m,” he added. "With our historical data compilation complete, it is clear that the Svärdsjö property compliments and bolsters our Tomtebo and Gruvberget Properties, which are all located within the world-class Bergslagen mining district."
The Svärdsjö zinc-lead-copper sulphide deposit is situated in the northern part of the Bergslagen mining district of Sweden.
Recent exploration drilling by Boliden discovered a continuation of high-grade polymetallic mineralization at the Svärdsjö and Kompanigruvan Mines at depth and to the southwest as two separate polymetallic bodies named the Fäbodgruvan and Vilnäset zones, the company said.
The polymetallic mineralization at these zones comprises sphalerite (zinc), galena (lead and silver) and chalcopyrite (copper and gold), which remains open in most directions.
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