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District Samples up to 253.0 g/t Silver, 22.8% Zinc, and 8.6% Lead on the Svardsjo Property
Vancouver, British Columbia--(Newsfile Corp. - January 10, 2022) - District Metals Corp. (TSX...
About this update from District Metals Corp.
[{"type":"text","content":"District Samples up to 253.0 g/t Silver, 22.8% Zinc, and 8.6% Lead on the Svardsjo PropertyVancouver, British Columbia--(Newsfile Corp. - January 10, 2022) - District Metals Corp. (TSXV: DMX) (FSE: DFPP); (\"District\" or the \"Company\") is pleased to report on assay results from grab and chip rock samples recovered from geological fieldwork carried out in late-2021 at its polymetallic Svärdsjö Property in the Bergslagen Mining District of south-central Sweden. This fieldwork consisted of reconnaissance prospecting and geochemical sampling at some of the historical mines and showings along a four kilometer mineralized trend within the 1,037 hectare Svärdsjö Property.Garrett Ainsworth, CEO of District, commented: \"These assay results from Svärdsjö show very high grades of polymetallic mineralization which supports the exceptional potential of the property. Significant mineralization remains open beneath and southwest of the historic Svärdsjö and Kompanigruvan Mines, which represents walk up drill targets. Also importantly, numerous other historic mines and showings are strewn across the Svärdsjö Property that appear to have seen little to no modern work. In particular, the Stormyrgruvan showing returned exceptionally high silver-zinc-lead values from a mine dump rock sample, which is especially impressive given the location and size of this showing where no records of modern exploration exist. We are keen to obtain the interpreted data from our recently flown SkyTEM 312 HP electromagnetic and magnetic survey at Svärdsjö, which will provide important layers of information to advance existing targets and identify new targets.\" Rock Sample Assay HighlightsChip sampling from outcrop at the Kompanigruvan Pit returned 37.3% ZnEq1 (253.0 g/t Ag, 22.8% Zn, 8.6% Pb, 0.1 g/t Au, and 0.02% Cu). Kompanigruvan is a southwest extension of the historic Svärdsjö Mine where mine maps show that polymetallic mineralization at Kompanigruvan remains open at depth and to the southwest.Grab sampling from mine dumps at the Stormyrgruvan showing returned 29.0% ZnEq1 (133.0 g/t Ag, 15.7% Zn, 7.8% Pb, 0.1 g/t Au, and 1.0% Cu). Stormyrgruvan remains open in all directions with no record of historic drilling. Grab sampling from a historic pit at the Hagsfallgruvan showing returned 18.3%...