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UAV Radiometric and Magnetic Survey Results Highlight Significant Exploration Potential at District Metals' Ardnasvarre Property in Sweden
Vancouver, British Columbia--(Newsfile Corp. - October 15, 2025) - District Metals Corp. (TSXV: ...
About this update from District Metals Corp.
[{"type":"text","content":"UAV Radiometric and Magnetic Survey Results Highlight Significant Exploration Potential at District Metals' Ardnasvarre Property in SwedenVancouver, British Columbia--(Newsfile Corp. - October 15, 2025) - District Metals Corp. (TSXV: DMX) (Nasdaq First North: DMXSE SDB) (OTCQB: DMXCF) (FSE: DFPP); (\"District\" or the \"Company\") is pleased to announce that MWH Geo-Surveys International Inc. (\"MWH\") has completed a detailed Unmanned Aerial Vehicle (\"UAV\") radiometric and magnetic survey at the Company's 100% owned Ardnasvarre Property located in Norrbottens County in northern Sweden.The UAV survey at the Ardnasvarre Property has successfully identified strong and large uraniferous radiometric anomalies associated with uranium boulder trains sourced from the Viepsajokk and Labbas uranium polymetallic occurrences. The Labbas uranium polymetallic occurrence is a basement-hosted and intrusive-related uranium polymetallic mineralized zone that is associated with a local magnetic low response that extends beyond historical drilling, which may indicate potential for significant expansion from this previously delineated uranium polymetallic mineralization. Historic drill results from the Labbas uranium zone include 7.0 m at 0.17% U3O8 from 50.0 to 57.0 m including a higher grade interval of 0.8 m at 0.94% U3O8 from 53.5 to 54.3 m. The drill results can be found in the Geological Survey of Sweden (SGU) database: https://www.sgu.se/en/products/geological-data. Drill results have been converted from U to U308 (U308=U*1.1792).The Viepsajokk uranium occurrence comprises 79 uranium mineralized conglomerate and breccia boulders that are sourced from the base of the late Precambrian Laisvall Sedimentary Formation that unconformably lie above the Precambrian crystalline basement rocks. This unconformity-style uranium mineralization on the Ardnasvarre Property is similar to unconformity-style uranium mineralization found in the Athabasca Basin in Northern Saskatchewan, Canada, which is known for high grades of uranium. According to the Geological Survey of Sweden in 1984 the Viepsajokk uranium occurrence was regarded as one of the most promising unconformity-style uranium target areas, but the 16 proposed holes were never drilled.Garrett Ainsworth, CEO of District, commented: \"The UAV radiometric survey results from our Ardnasvarre Property...