District Metals Corp has reported assay results on the last six drill holes from the spring 2021 drill program at its Tomtebo property in Sweden, which included 9.8 metres (m) of 2.34% copper equivalent at a depth of 69.5m to 79.3m.
The company said hole TOM21-017 successfully intersected vein networks of copper-rich sulphides within strongly altered felsic volcanic rocks down dip of previously reported hole TOM21-016, which returned 17.2m of 1.42% copper equivalent.
“Drill assay results from the Gårdsgruvans and Rödbergsgruvan zones continue to expand a large and robust copper-gold feeder zone that is wide open at depth and to the southwest towards favourable geophysical anomalies,” District Metals CEO Garrett Ainsworth said in a statement.
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“Hole TOM21-017 encountered numerous stacked lenses of polymetallic sulphide mineralization that indicates multiple mineralizing events occurred over a long period of time, which is another important feature of other large polymetallic deposits in the Bergslagen District,” Ainsworth added.
As well, the company noted it expects to begin its fully funded 5,000m Phase II drill program at Tomtebo in October.
District Metals is developing its polymetallic Tomtebo project in the Bergslagen district of Sweden, home to some world-class metal mines like Garpenberg, Zinkgruvan, and Falun.
Boliden’s Garpenberg, which was once referred to as the world’s most productive underground zinc mine, is 25 kilometres south of Tomtebo and District Metals sees a number of geological similarities between Garpenberg and Tomtebo, from host rocks, structure, alteration, and mineralization styles.
Contact Sean at sean@proactiveinvestors.com