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District Reports on Airborne Electromagnetic and Magnetic Results at the Svardsjo Property
Vancouver, British Columbia--(Newsfile Corp. - May 16, 2022) - District Metals Corp. (TSXV: D...
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[{"type":"text","content":"District Reports on Airborne Electromagnetic and Magnetic Results at the Svardsjo PropertyVancouver, British Columbia--(Newsfile Corp. - May 16, 2022) - District Metals Corp. (TSXV: DMX) (FSE: DFPP) (\"District\" or the \"Company\") is pleased to report the results of the final airborne electromagnetic (\"EM\") and magnetic data at its polymetallic Svärdsjö Property in the Bergslagen Mining District of south-central Sweden. A detailed SkyTEM312 HP survey was flown at 100 m line spacing in November 2021 across the entire 1,037 hectare Svärdsjö Property. Interpretation of the SkyTEM data has identified numerous conductive EM and magnetic high anomalies on the Svärdsjö Property.SkyTEM Interpretation Highlights:The SkyTEM survey has identified five conductive targets on the Svärdsjö Property (Figure 1 - target zones 1 to 5). Numerous other magnetic high anomalies have also been identified on the Property.Target zone 3 consists of an approximate 600 m long conductive and magnetic high trend that extends far beyond the historic workings of the Svärdsjö Mine, which produced 1.03 Mt at 112 g/t Ag, 6.0% Zn, 2.7% Pb, 0.6% Cu and 0.4 g/t Au from 1887 to 19891.Target zone 3 exhibits immense potential: the coincident conductive/magnetic anomaly is 200 to 300 m wide, trends southwest for over 500 m from the Svärdsjö Mine workings and commences near surface with vertical extents below 500 m (depth penetration limit of the SkyTEM survey).Target zone 5 comprises a weak conductive anomaly that is associated with the historic Stormyrgruvan showing where District recovered a grab rock sample in late-2021 that returned 29.0% ZnEq2 (133.0 g/t Ag, 15.7% Zn, 7.8% Pb, 0.1 g/t Au, 1.0% Cu). Target zone 4 consists of two moderate to strong conductive anomalies that are proximal to the historic Hagsfallgruvan showing where District recovered a grab rock sample in late-2021 that returned 18.3% ZnEq2 (58.2 g/t Ag, 9.8% Zn, 7.1% Pb, 0.1 g/t Au, 0.2% Cu). Garrett Ainsworth, CEO of District, commented: \"The SkyTEM electromagnetic and magnetic survey continues to be a highly effective first pass airborne geophysical survey to explore for polymetallic mineralization in the Bergslagen District. The SkyTEM survey lit up the historic Svärdsjö Mine with conductive and magnetic anomalies that exten...