Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

District Metals reveals sample results from recently-acquired Svärdsjö property that showcase high grades of polymetallic mineralization

% of readers think this story is Fact. Add your two cents.


District Metals Corp has reported new assay results from its Svärdsjö property in the Bergslagen Mining District of south-central Sweden that showed high grades of polymetallic mineralization.

Chip sampling from the Kompanigruvan pit near the historic mine returned 37.3% zinc equivalent, comprised of 253 grams per ton (g/t) silver, 22.8% zinc, 8.6% lead, 0.1 g/t gold and 0.02% copper.

In addition, grab samples from mine dumps at the Stormyrgruvan showing and a historic pit at the Hagsfallgruvan showing included 29% zinc equivalent (133 g/t silver, 15.7% zinc, 7.8% lead, 0.1 g/t gold and 1% copper) and 18.3% zinc equivalent (58.2 g/t silver, 9.8% zinc, 7.1% lead, 0.1 g/t gold and 0.2% copper), respectively.

READ: District Metals initiates airborne surveys over its newest Swedish properties, Gruvberget and Svärdsjö

Vancouver-based District Metals told investors that Svärdsjö – which was mined for nearly 200 years until 1989 – has “excellent potential” for extensions of the known polymetallic mineralization, and for new mineralization to be discovered within the wider property.

“These assay results from Svärdsjö show very high grades of polymetallic mineralization which supports the exceptional potential of the property,” CEO Garrett Ainsworth said in a statement.

“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.”

Ainsworth singled out the Stormyrgruvan showing, which returned exceptionally high silver-zinc-lead values from a mine dump rock sample, as “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,” Ainsworth added.

Vancouver-based District acquired the Svärdsjö property in late 2021.

The firm is focused on advancing its flagship Tomtebo property, which comprises 5,144 hectares and is situated between the historic Falun Mine and Boliden’s Garpenberg Mine in south-central Sweden.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Story by ProactiveInvestors



Source: https://www.proactiveinvestors.com/companies/news/970753/district-metals-reveals-sample-results-from-recently-acquired-svaerdsjoe-property-that-showcase-high-grades-of-polymetallic-mineralization-970753.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.