District Metals Corp announced an update on its phase II drill program at its Tomtebo property in the Bergslagen mining district situated in south-central Sweden.
The Vancouver, British Columbia-based company shared that a total of 1,030 meters (m) has been drilled in three holes — TOM21-023A/B, -024, -025 — since October 7, 2021.
Hole TOM21-025 intersected 11.0m of massive sulphide mineralization from 211.4 to 222.4m at the Steffenburgs zone. Hole TOM21-025 was drilled 118m down plunge from TOM21-001, which returned 8.2m at 20.94% ZnEq from 65.3m to 73.5m.
The third hole, TOM21-027, is currently being drilled 80m down plunge of the 11m massive sulphide intercept from TOM21-025.
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“Our Phase II drill program is off to an excellent start with hole TOM21-025 intersecting the strongest and widest interval of massive sulphide mineralization on the Tomtebo Property to date,” said Garrett Ainsworth, CEO of District. “Hole TOM21-025 shows strong continuity of massive sulphide mineralization between our Phase I drill hole TOM21-001 and the -200m exploration drift at the Steffenburgs zone.”
Ainsworth added that with a better understanding of the orientation, District Metals is currently drilling 80m below hole TOM21-025. “Hole TOM21-024 was drilled south of the northwest plunging massive sulphide lens encountered with holes TOM21-001 and -025, but still returned two intervals (5.6m and 4.6m) of disseminated to semi-massive sulphide mineralization, which will be followed up on shortly.”
He said, “Hole TOM21-023B tested the coincident magnetic and gravity target located 1.0km northeast and along with trend from the historic Tomtebo Mine. Polymetallic sulphides were not observed, but the geophysical anomalies were explained by a magnetic dyke swarm and dense diorite/gabbro intrusive units. One drill hole has explained the northeast gravity target, so the drill rig was moved to the Gårdsgruvans zone and is currently drilling beneath hole TOM21-017 which returned multiple stacked polymetallic mineralized lenses."
Drill core samples from these first three holes have been sent on a rush basis to ALS Geochemistry in Malå, Sweden for assay preparation and then to ALS Geochemistry in Loughrea, Ireland for analysis. Results are expected by early December.
District Metals is a minerals exploration and development company, currently focused on its flagship project in Sweden — Tomtebo — occupying 5,144 hectares.
Contact Ritika at ritika@proactiveinvestors.com