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District Reports on Historic Drill Results from the Svärdsjö Property Including 15.6 m at 13.3% ZnEq
Vancouver, British Columbia--(Newsfile Corp. - December 14, 2022) - District Metals Corp. (TSXV:...
About this update from District Metals Corp.
[{"type":"text","content":"District Reports on Historic Drill Results from the Svärdsjö Property Including 15.6 m at 13.3% ZnEqVancouver, British Columbia--(Newsfile Corp. - December 14, 2022) - District Metals Corp. (TSXV: DMX) (FSE: DFPP) (\"District\" or the \"Company\") is pleased to report on compilation work from historical exploration data at the high grade polymetallic Svärdsjö Property located in the Bergslagen Mining District in south-central Sweden. The Mining Inspectorate of Sweden (Bergsstaten) recently relinquished exploration data from Swedish mining company, Boliden, after a confidentiality period of three years. Review of this historical data, in combination with the recently flown SkyTEM survey (May 16, 2022 News Release), has revealed several priority target areas that strongly warrant follow up work and drilling. Svärdsjö Property Historic Drill Highlights:Fäbodgruvan mineralizationSVASJ-269: 15.55 m at 13.33% ZnEq1 (68.20 to 83.75 m).SVASJ-265: 5.50 m at 15.17% ZnEq1 (179.80 to 185.30 m).SVASJ-279: 8.45 m at 7.28% ZnEq1 (236.80 to 245.25 m). SVASJ-270: 1.70 m at 17.68% ZnEq1 (516.00 to 517.70 m).Vilnäset mineralizationSVASJ-281: 32.65 m at 3.35% ZnEq1 (105.90 to 138.55 m).SVASJ-280: 20.35 m at 4.90% ZnEq1 (256.10 to 276.45 m).SVASJ-272: 6.60 m at 8.96% ZnEq1 (314.90 to 321.50 m). SVASJ-297: 9.20 m at 6.14% ZnEq1 (396.70 to 405.90 m). Svärdsjö Mine extension (underground drilling)SVASJ-152: 14.11 m at 7.78% ZnEq1 (62.30 to 76.41 m).SVASJ-195: 7.61 m at 12.21% ZnEq1 (50.58 to 58.19 m).SVASJ-199: 22.11 m at 5.88% ZnEq1 (117.94 to 140.05 m). SVASJ-255: 4.50 m at 15.55% ZnEq1 (54.85 to 59.35 m). SVASJ-255: 4.67 m at 11.26% ZnEq1 (62.83 to 67.50 m).A drill hole plan and long section are shown in Figures 1 to 2, and historical drill assay results are shown in Table 1.Garrett Ainsworth, CEO of District, commented: \"We acquired the Svärdsjö Property in November 2021 with an understanding that historical exploration data would be released after the standard confidentiality period ended. The recently obtained historical drill results from the historical Svärdsjö Mine area show impressive continuity along strike and at depth with high grade polymetallic mineralization open in most directions. Significant polymetallic mineralization has been encountered by historical drilling a...