District Metals Corp. [DMX-TSXV; DFPP-FSE] reported assay results for five drill holes (GRU22-001 to -005) from the Spring-Summer 2022 drill program at the 100%-owned polymetallic Gruvberget Property located in the Bergslagen Mining District, approximately a 3-hour drive northwest of Stockholm, south-central Sweden.
A total of 1,144 metres in five drill holes was completed at the Gruvberget North zone from mid-May to early-July 2022. All of the drill holes were 30 to 60-metre step outs below historical drill intercepts where four out of five holes intersected polymetallic sulphide mineralization that remains open at depth and partially along strike.
Highlights included drill hole GRU22-002 that intersected 9.1 metres at 6.1% ZnEq (zinc equivalent) (130.0 to 139.1 metres), including 3.3 metres at 13.0% ZnEq (134.0 to 137.3 m). GRU22-003 intersected 9.2 metres at 5.9% ZnEq (127.0 to 136.2 m), including 2.7 metres at 9.2% ZnEq (133.5 to 136.2 m).
Garrett Ainsworth, CEO of District, commented: “Our first pass drill program at the Gruvberget Property has been a great success. Drilling at the Gruvberget North zone has returned significant polymetallic assays over appreciable widths with continuity that remain open from a shallow vertical depth of approximately 160 metres. The vertical extent of some polymetallic deposits in the Bergslagen District can be quite significant such as Boliden’s Garpenberg Mine and Lundin Mining’s Zinkgruvan Mine where mineral resources extend to depths of 1,600 metres, which makes the window of opportunity at Gruvberget very large. The Gruvberget North zone warrants a much larger drill program to better assess the size and scale of the mineralized system we have on hand.”
The company’s mandate is to seek out, explore, and develop prospective mineral properties through a disciplined science-based approach to create shareholder value and benefit other stakeholders.
The advanced exploration stage Tomtebo Property is located in the Bergslagen Mining District of south-central Sweden is the company’s main focus. Tomtebo comprises 5,144 hectares and is situated between the historic Falun Mine and Boliden’s Garpenberg Mine that are located 25 km to the northwest and southeast, respectively. Two historic polymetallic mines and numerous polymetallic showings are located on the Tomtebo Property along an approximate 17-km trend that exhibits similar geology, structure, alteration and VMS/SedEx style mineralization as other significant mines within the district. Mineralization that is open at depth and along strike at the historic mines on the Tomtebo Property has not been followed up on, and modern systematic exploration has never been conducted on the property.