District Metals Corp (CVE:DMX) (OTCMKTS:MKVNF) (FRA:DFPP) expects to start drilling at its advanced stage polymetallic Tomtebo property in Sweden in late February or early March this year after it received all the necessary permits, along with news it has a new finance chief.
Planned is a 5,000 metres (m) program to follow up historical holes to confirm high grades, to carry out infill and step-out drilling, and to conduct modern down-hole surveys.
READ: District Metals selects Sweden's Hy-Tech Drilling for upcoming 5,000-metres drill program at Tomtebo property
"The permitting process for our drill program at Tomtebo went exceptionally well with many thanks to GeoVista AB," said Garrett Ainsworth, the CEO of District Metals in a statement.
"Since closing the acquisition of the Tomtebo property in mid-2020 we have applied a rigorous modern systematic approach to exploration, which has developed some of the most exciting drill targets I have seen in my career.
"Over the last six months, we have obtained positive geophysical, geochemical, and geological data that has been combined with historic data from the former Tomtebo Mine, which shows strong potential for the presence of a large high-grade polymetallic mineralized system. It has been over half a century since the former Tomtebo Mine has seen any material drilling, and we are keen to apply today's knowledge to unlock Tomtebo's full potential."
The drill program will target the Oscarsgruvan zone, Steffenburgs zone, the Gårdsgruvans zone, and the Gamla Gruvans zone.
Also in the statement, the group said it had appointed Marlis Yassin as its new chief financial officer with effect from today.
Gavin Cooper has been in the role since 2017 and will continue to work with District as a consultant.
Yassin has over 15 years' experience working with companies in various sectors, including mining, technology, and industrial products and Ainsworth said she has been providing consulting services to the company, which was looking forward to working even more closely with her.
Contact the author at giles@proactiveinvestors.com