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District Metals getting set to begin aggressive exploration program at its newly-acquired Tomtebo project in Sweden

The explorer has identified a number of highly prospective targets on the polymetallic property

District Metals Corp. -
Tomtebo is located in the Bergslagen mining district of south-central Sweden

District Metals Corp (CVE:DMX) has said it is gaining valuable insights on its newly-acquired Tomtebo project in Sweden as it prepares for an aggressive exploration program set to kick off in the coming weeks.

The Vancouver-based exploration company said it has been analyzing historic drill data on the past-producing project and has already identified a number of highly prospective targets on the polymetallic property.

The preparation work, conducted in partnership with EMX Royalty Corp (CVE:EMX), represents an important development for the Tomtebo project, which is located in the Bergslagen mining district of south-central Sweden. District and EMX also prepared the first-ever Leapfrog 3D geological model of the historic mine.

WATCH: District Metals Corp is well financed with a very interesting project in Sweden

Highlights from historic drill data on the Oscarsgruvan zone of Tomtebo include one intersection of 1,087 grams per ton (g/t) silver equivalent (AgEq) ounces or 28% zinc equivalent (ZnEq) ounces at 4.7 metres on the north end of the property and 665.3 g/t AgEq or 17.2% ZnEq ounces from 4.5 metres.

District is getting ready to kick off the first deep-penetrating airborne electromagnetic survey, SkyTEM312 HP, across the Tomtebo property in July.

In a statement, District CEO Garrett Ainsworth highlighted the “impressive continuity” of the historic drill intercepts along strike and dip, where strong polymetallic mineralization remains open in all directions. 

“The significant widths and high-grade polymetallic mineralization encountered represent immediate drill targets at the north end of the Tomtebo mine as infill, and step outs along strike and below the -200 m level,” Ainsworth said.

The CEO noted hat the results indicate that the Tomtebo property has “excellent potential” to host a large mineralized system.

Detailed 2020 exploration program

District will target conductive and magnetic high anomalies as part of its wider prospecting, mapping, and sampling program beginning in late August. Detailed work will focus on the historic Tomtebo and Lövås Mines, and the numerous mineral occurrences on the Tomtebo property.

The company has also retained former Boliden manager, Dr Rodney Allen to review historical data and drill core, according to a release. Allen was a key player in helping to interpret geological data that led to the discovery of new orebodies at Garpenberg, one of Sweden’s largest producing base metals mines.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

Quick facts: District Metals Corp.

Price: 0.31 CAD

Market: TSX-V
Market Cap: $18.42 m

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District Metals sees more impressive results from grab samples at Tomtebo...

District Metals (CVE: DMX) CEO Garrett Ainsworth joined Steve Darling from Proactive with news the company has located additional historic drill hole data from the area of the Tomtebo Mine that showed some interesting results. Ainsworth also told Proactive their crews doing groundwork took...

on 28/10/20

2 min read