District Metals Corp. (TSX-V:DMX) has announced final airborne electromagnetic (EM) and magnetic data results from its polymetallic Gruvberget property in Sweden, identifying numerous conductive EM and magnetic high anomalies that are prospective for polymetallic mineralization along the 15-kilometre (km) geological trend within the property.
The Vancouver-based resource project developer said the SkyTEM survey identified 13 conductive targets on the property, including a 1.2 km long trend with magnetic highs and conductive anomalies that is associated with the Gruvberget North and South zones, where significant polymetallic mineralization has been historically drilled and mined.
“Interpretation of the detailed airborne electromagnetic and magnetic survey at our Gruvberget Property has reinforced some of our known polymetallic targets, and has also identified some exciting new targets,” District Metals CEO Garrett Ainsworth said in a statement.
READ: District Metals commences drilling at its Tomtebo property in Sweden’s Bergslagen Mining District
“Importantly, the Gruvberget North zone shows positive conductive and magnetic anomalies that suggest mineralization extends far beyond the historical mineralized drill intercepts,” Ainsworth added.
District Metals also noted that the geophysical signature at the North zone has increased its confidence in step-out drilling that will begin when the current drill program at Tomtebo has been completed.
The company said the detailed SkyTEM 312HP survey was flown at 100 metre line spacing in November 2021, across the entire 5,286-hectare Gruvberget property.
Vancouver-based District Metals is focused on advancing its flagship Tomtebo property, which comprises 5,144 hectares and is situated between the historic Falun Mine and Boliden's Garpenberg Mine in south-central Sweden.
Contact Sean at sean@proactiveinvestors.com