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  • District Metals (DMX) reported assay results for the two drill holes (TOM22-037B to -038) from the Spring 2022 drill program at its Tomtebo Property
  • A total of 750 metres in two drill holes was completed during this drill program that was carried out from mid-April to mid-May 2022, before moving the rig to the Gruvberget Property
  • Hole TOM22-038 intersected 25.5 metres at 8.2 per cent ZnEq (249.0 to 274.1 metres)
  • Gold interval of 384 g/t Au and 855 g/t Ag over 0.4 metre (273.7 to 274.1 metres) intersected in hole TOM22-038 was capped at 10 g/t Au for the ZnEq calculation
  • District Metals is up 8.33 per cent, trading at C$0.13 per share at 10 am ET

District Metals (DMX) reported assay results for the two drill holes from the Spring 2022 drill program at its Tomtebo Property.

A total of 750 metres in two drill holes was completed during this drill program that was carried out from mid-April to mid-May 2022, before moving the rig to the Gruvberget Property.

Highlights:

  • TOM22-038 intersected 25.5 metres at 8.2 per cent ZnEq (249.0 to 274.1 metres)
    • including 11.1 metres at 11.1 per cent ZnEq (263.0 to 274.1 metres)
    • including 3.6 metres at 15.8 per cent ZnEq (263.0 to 266.6 metres)
  • Gold interval of 384 g/t Au and 855 g/t Ag over 0.4 metre (273.7 to 274.1 metres) intersected in hole TOM22-038 was capped at 10 g/t Au for the ZnEq calculation

The hole also provides important geological information that extends our interpretation of the structure and zonation of mineralization at the Steffenburgs zone. The assay data shows elevated copper and gold grades in parts of the intensely altered footwall feeder zone prior to the massive sulphide lens that occurs further down-hole.

Source: District Metals Corp.

District Metals CEO, Garrett Ainsworth commented that as the team continues to grow the Steffenburgs zone, elevated gold values continue to be observed above and below the massive sulphide lens.

“The occurrence of bonanza grade gold of 384 g/t over 0.4 metre in TOM22-038 now becomes an even more interesting target as we look to follow up where the VMS mineralization is open at depth, and partially along strike.”

The high grade polymetallic Tomtebo Property is located in the Bergslagen Mining District in south-central Sweden.

District Metals Corp. (DMX) is a Canadian-based mineral exploration company engaged in the business of acquiring, exploring, and evaluating natural resource properties.

District Metals is up 8.33 per cent, trading at C$0.13 per share at 10 am ET.


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