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District Commences Drilling at the Stollberg Property in Sweden
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2024) - District Metals Corp. (TSXV: ...
About this update from District Metals Corp.
[{"type":"text","content":"District Commences Drilling at the Stollberg Property in SwedenVancouver, British Columbia--(Newsfile Corp. - October 16, 2024) - District Metals Corp. (TSXV: DMX) (OTCQB: DMXCF) (FSE: DFPP); (\"District\" or the \"Company\") is pleased to announce the commencement of core drilling at the high grade polymetallic Stollberg Property located 35 km to the southwest of the Tomtebo Property (Figure 1) within the Bergslagen Mining District of south-central Sweden. The Stollberg-Tomtebo Properties are being explored in collaboration with Boliden Mineral AB.Highlights:A total of 2,200 m of drilling in five to six holes is planned at the historic Gränsgruvan Mine (operated from 1943 to 1978) located within the Stollberg Property (Figure 2).All drill holes will be followed up by Boliden's in-house, state of the art, down-hole, three component electromagnetic (DHEM) survey1.The Stollberg Property contains similar host rocks, structure, alteration, and mineralization styles as the Garpenberg Mineralized Trend, which gives significant support in making a similar new discovery2,3,4.Garrett Ainsworth, CEO of District, commented: \"Over the last year important geological, geochemical, and geophysical data from the Stollberg Property has been obtained and compiled by the technical team through a collaborative process that has delivered priority areas for drilling. During this process the historic Gränsgruvan Mine stood out as one of several priority areas to drill within the Stollberg Property. From a property-wide perspective, the whole rock geochemistry from historic drill core and outcrop rock sampling at the Stollberg Property is highly analogous to the setting associated with Boliden's operating Garpenberg Mine, which is a global tier one asset.There are numerous historic drill holes with wide intervals of high grade polymetallic mineralization at the Gränsgruvan Mine. The Fall 2024 drill program will focus on step outs from known mineralization at the Gränsgruvan Mine to expand upon known mineralized bodies, and to potentially discover new polymetallic mineralized bodies.Leading edge whole rock geochemistry and DHEM will be completed on all drill holes to increase the team's technical understanding of the Stollberg mineralized trend, and to increase the probability of making new discoveries.\"Stollberg Property Descripti...