District Metals Corp (CVE:DMX) (OTCMKTS:MKVNF) (FSE:DFPP) said Wednesday that a ground survey at its Tomtebo project in Sweden revealed numerous gravity high anomalies on the property.
The anomalies were located at the historic Tomtebo mine, both within and outside of the known mineralized zones, according to a release.
Vancouver-based District told investors that the location of the anomalies confirms the mineralized domains and offer “immense expansion potential".
READ: District Metals excited as it kicks off 5,000m drill program at Tomtebo property, Sweden
The gravity high anomalies at the historic Tomtebo mine reveal an exploration target of over 72Mt at a density of 3.5 g/cm3 from near surface down to a depth of 650 metres.
Ground Gravity Survey Station Plan
Another significant blind gravity high anomaly was identified one kilometre northeast along trend from the historic Tomtebo mine that is open to the northeast and at depth where an exploration target of 34 Mt at a density of 3.5 g/cm3 was modeled at shallow depths, according to District.
Yet another anomaly was identified 600 metres southwest of the mine that is associated with historic iron sulphide occurrences, which are known to sometimes coalesce with polymetallic sulphide mineralization in the Bergslagen district, the company said.
District CEO Garrett Ainsworth told investors that the firm’s ground gravity survey “worked extraordinarily well".
“Interpretation of the gravity data has successfully confirmed proof of concept and identified compelling expansion potential at the historic Tomtebo Mine,” Ainsworth said.
“This survey has also revealed two high priority gravity targets with coincident magnetic and/or conductive anomalies located 0.6 to 1.0 km along trend from the Tomtebo Mine. We are especially excited about the gravity high anomaly located one kilometer to the northeast of the Tomtebo mine, which represents a potential grassroots discovery opportunity with a modeled tonnage that compares with the historic production tonnage from the historic Falun mine."
Tomtebo is located in the Bergslagen mining district of south-central Sweden and comprises 5,144 hectares between the historic Falun mine and Boliden's Garpenberg mine.
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