District Metals Corp (CVE:DMX) (OTCMKTS:MKVNF) (FRA:DFPP) has received the final results from the airborne survey over the former Tomtebo mine area in Sweden, which has shown the potential for discovery.
The firm's polymetallic Tomtebo project encompasses 5,144 hectares (ha) in the Bergslagen Mining District and the electromagnetic (EM) and magnetic survey was flown over the whole site in July.
READ: District Metals releases new 3D modeling of Tomtebo property, setting the stage for 2021 drill program
A highlight of the study was identifying a 3 kilometres (km) long trend accentuated by numerous isolated magnetic high and conductive anomalies which lie northeast and southwest from the historic mine, where activity can be traced back to the mid-17th century. The site generated 120,000 tonnes at 4.4% copper intermittently for over 200 years, but the area has seen no modern, systematic exploration.
"The SkyTEM survey has successfully identified the Tomtebo Mine Trend, which is highlighted by magnetic high and conductive anomalies," said Garrett Ainsworth, the CEO of District Metals in a statement on Thursday.
"These geophysical anomalies are positive indications of the potential for additional discoveries across this defined 3 km trend.
"Also, magnetic and conductive modeling at the historic Tomtebo Mine identified significant anomalies below the workings that have never been drill tested. Interpretation of the SkyTEM data outside of the Tomtebo Mine Trend is progressing well, and will be reported on when available," he added.
The firm said the interpretation of the SkyTEM survey outside of the former Tomtebo mine area continues, and will be reported in the near future.
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