District Metals (DMX.V) has released an update on its exploration plans for this year, and it looks like the company is planning to drill both Tomtebo and Gruvberget in Sweden, and the Bakar project in British Columbia before this summer.
At Tomtebo, District Metals is planning to complete three holes for a total of 1,200 meters which will focus on stepping out below the recently reported high grade zinc mineralization in hole 28 which contained 30 meters of 10.9% zinc-equivalent. Two holes will be drilled there while a third hole will drill-test a magnetic anomaly to the northeast of the Steffenburgs and Oscarsgruvan target.
District plans to drill 1,800 meters in ten holes at Gruvberget (subject to receiving the drill permits in the next few weeks). The entire drill program will focus on the Gruvberget North zone where historical drilling has encountered polymetallic mineralization over a strike length of 550 meters and up to a depth of 160 meters. Looking at the image above, it looks like District is planning to figure out the structure of the mineralization at depth as the historical drill holes were relatively shallow at just 100-150 meters on average.
As previously disclosed, District and partner Sherpa II Holdings (SHRP.V) still aim to drill two holes on the Bakar project in British Columbia to drill-test a high priority Elephant Crossing (‘EC’) target which was recently identified by VTEM and ZTEM anomalies. Ideally, these two holes would be drilled before the summer but District and Sherpa are still awaiting the drill permits from the BC ministry. As District Metals will be managing this drill program and receive a management fee, its net contribution as a 20% partner in the Bakar project will be very minimal and likely cost less than C$100,000.
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