District Metals (DMX.V): Identifies Numerous High Priority Geophysical Targets across the Tomtebo Property
December 7, 2020 – District Metals Corp. (TSX-V: DMX) (FRA: DFPP); (“District” or the “Company”) is pleased to report additional results from the final airborne electromagnetic (“EM”) and magnetic data that covers the entire 5,144 hectare Tomtebo Property located in the Bergslagen Mining District in south-central Sweden. A detailed heliborne SkyTEM survey comprising approximately 600 line-km was flown at 100 m line spacing in July 2020, and geophysical interpretations were successfully completed by Condor Consulting and Geovista AB.
Garrett Ainsworth, CEO of District, commented: “We are very pleased with the SkyTEM results, and the application of this modern exploration method has undoubtably proven to be very successful. The recently flown survey has identified numerous conductive and magnetic high anomalies that showcases the exceptional potential to make additional polymetallic discoveries across the Tomtebo Property.
Our last step before drilling anticipated in Q1 2021 will include a targeted ground gravity survey over the Tomtebo Mine Trend which will start shortly and help us refine and prioritize existing targets within this important trend.”
The SkyTEM results have been interpreted such that moderately to strongly conductive zones represent targets for copper-gold dominant sulphide mineralization, and non-conductive to weakly conductive zones represent targets for silver-zinc-lead dominant sulphide mineralization. Moderate to strong magnetic highs represent targets for both types of sulphide mineralization. No significant graphite-rich zones have been mapped or documented on or around the Tomtebo Property, suggesting that any geologic conductors are likely due to iron or polymetallic sulphide mineralization.
SkyTEM Highlights – Tomtebo Property
- The previously reported 3 km long Tomtebo Mine Trend (refer to October 15, 2020 news release) has been extended to 4.7 km long. This trend comprises numerous magnetic high anomalies (A to C) and conductive anomalies (3 to 7, 11) that strike northeast and southwest from the historic Tomtebo Mine (Figure 1).
- A total of 26 target zones (1 to 26) have been identified based on EM or conductive anomalies where 11 target zones are medium priority and three are high priority (Figure 1 and Table 1).
- A total of 11 target zones (A to K) were identified based on only magnetic high anomalies where seven target zones are medium priority and four are high priority (Figure 1 and Table 2).
- A ground gravity survey over the Tomtebo Mine Trend has been approved, and is scheduled to commence imminently.
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