District Metals (DMX.V) recently obtained the assay data from the Geological Survey of Sweden for 13 holes drilled on the Lovas-Nyberget area within the Tomtebo claim package. The holes were drilled between 1953 and 1972 by Boliden, and were focusing on an area about 12 kilometers northeast from the Tomtebo mine.
Given the limited resources back in the day, the holes were relatively shallow and District’s press release mentions an average depth of between 63 and 140 meters. Despite being relatively shallow, some of the encountered intervals are pretty good with for instance the headline result of 15.9 meters of 1.3% copper and 0.9% ZnPb on the Dammsjon zone, while the Flyttjebasen zone (about 400 meters further to the northeast from Dammsjon) seems to have higher zinc and lead grades and much lower copper grades. The detailed version of the historical drill results on these two zones can be found on the company’s project page.
The main takeaway is that the historical drilling confirms the polymetallic mineralization seems to continue for about a kilometer towards the northeast of the Lovas mine and the combination of historic drill results and a magnetic survey seems to confirm this trend continues for more than 2.4 kilometers.
District Metals is gearing up for its 5,000 meter maiden drill program at Tomtebo, and we are very much looking forward to see the data from this drill program.
Disclosure: The author has a long position in Distict Metals. District Metals is a sponsor of the website. Please read our disclaimer.
