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District Confirms the Viken Energy Metals Deposit and Identifies High Potential Targets Elsewhere on the Viken Property in Sweden with Airborne MobileMT Survey Results
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2025) - District Metals Corp. (TSXV...
About this update from District Metals Corp.
[{"type":"text","content":"District Confirms the Viken Energy Metals Deposit and Identifies High Potential Targets Elsewhere on the Viken Property in Sweden with Airborne MobileMT Survey ResultsVancouver, British Columbia--(Newsfile Corp. - September 24, 2025) - District Metals Corp. (TSXV: DMX) (Nasdaq First North: DMXSE SDB) (OTCQB: DMXCF) (FSE: DFPP); (\"District\" or the \"Company\") is pleased to report positive results from its airborne Mobile Magnetotelluric (\"MobileMT\") survey at the 100% owned Viken Energy Metals Property located in Jämtland County, central Sweden.The high resolution MobileMT survey conducted by Expert Geophysics Limited successfully identified large-scale low resistivity (highly conductive) anomalies that correlate with the Viken Energy Metals Deposit (the \"Viken Deposit\"), as confirmed by historic drill holes from 2006 to 2012 (Figures 1 and 2). The MobileMT survey has also uncovered several additional large-scale low resistivity anomalies located outside of the Viken Deposit (Target Areas A to I in Figure 1), highlighting new high-priority targets for follow-up exploration. Target areas A, B, and C in Figure 1 have a larger and stronger low resistivity response compared to the Viken Deposit.The Viken Deposit contains the largest undeveloped Mineral Resource Estimate of uranium in the worldi along with significant Mineral Resource Estimates of vanadium, molybdenum, nickel, copper, zinc, and other important and critical raw materials as reported in District's news release from April 29, 2025.The MobileMT survey covered approximately 2,350 line kilometers at 200-meter spacing across the entire Viken Property, completed in two phases. Phase 1 captured the low resistivity signature of the mineralized Alum Shale that hosts the Viken Deposit. Phase 2 covered the rest of the 37,211-hectare Viken Property and identified additional low resistivity signatures resembling those of the Viken Deposit. High-priority target areas were selected based on the shallow depth and thickness of the mineralized Alum Shale. The relatively flat-lying Alum Shale is rich in graphite and sulphides, making it low resistivity (highly conductive) and easily detectable using the airborne MobileMT system.Garrett Ainsworth, CEO of District, commented: \"The Viken Deposit is already known to contain the largest undeveloped uranium mineral resource in the ...