District Metals Corp said it has intersected strong visual sulphide mineralization at its flagship Tomtebo polymetallic property in the Bergslagen district of Sweden.
The Canada-based, Sweden-focused firm said it encountered footwall polymetallic mineralization at the Steffenburgs zone, where one hole intersected intermittent disseminated, stringer, and impregnated with lesser semi-massive to massive mineralization over approximately 61.5 metres.
Another hole intersected massive sulphide mineralization over approximately 2.7 metres – a 40 metre step-out below a previously drilled hole that returned 14.3 metres at 14.2% zinc equivalent.
READ: District Metals reports results from SkyTEM survey on Svärdsjö property showing "immense potential" at targets near historic polymetallic mine
District technical advisor Rodney Allen told investors that the hole provides important geological information that extends the company’s interpretation of the structure and pattern of mineralization in the Steffenburgs area.
"Hole TOM22-038 at Tomtebo successfully intersected the Steffenburgs massive sulphide lens down-plunge below the previous good intersections in holes 25 and 28,” Allen said in a statement.
CEO Garrett Ainsworth also hailed the initial results, saying “we are very pleased to have extended the high grade mineralization from hole TOM21-025 by approximately 40 metres down dip, which also remains open at depth”.
District said it has now moved the drill rig to the Gruvberget property until whole rock geochemistry and borehole electromagnetic (BHEM) survey results are utilized to better target the mineralization beneath the hole.
The move was “earlier than originally planned,” according to Ainsworth, due to time and budget constraints, but the CEO added that the move will allow District to carry out whole rock geochemistry and BHEM survey to better guide them beneath the polymetallic sulphide lenses at the Steffenburgs zone.
Tomtebo comprises 5,144 hectares and is situated between the historic Falun Mine and Boliden's Garpenberg Mine that are located 25 kilometres to the northwest and southeast, respectively.
Contact Angela at angela@proactiveinvestors.com
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