District Metals Corp. provided an update on core drilling at its high grade polymetallic Tomtebo Property located in the Bergslagen Mining District of south-central Sweden. District commenced drilling the Tomtebo Property in mid-April where 750 m in two holes (TOM22-037B and -038) have been completed. Drill core samples from these two holes have recently been sent to ALS Geochemistry in Malå, Sweden for assay preparation and then to ALS Geochemistry in Loughrea, Ireland for analysis. Assay results are expected by late-July or early-August. Hole TOM21-037B was drilled at an angled orientation (-50° dip) to the south (180° azimuth). It was designed to test a blind magnetic high anomaly along the interpreted VMS mineralized horizon located 665 northeast along trend from the historic Tomtebo Mine. Hole TOM22-037A was lost at a depth of 86.1 m, and TOM22-037B was the re-start hole. After 18.5 m of overburden, the hole intersected weakly to moderately altered (silicification) felsic volcanic rocks with no sulphides that were intercalated with narrow mafic dykes from 18.5 to 87.7 m. Interbeds of pyroxene skarn replacing a former limestone with trace to 5% magnetite within moderately to strongly altered felsic volcanic rocks were encountered from 87.7 to 101.0 m, 226.1 to 229.6 m, and 345.0 to the end of hole depth at 357.9 m. The magnetic high anomaly may be explained by the magnetite mineralization associated with the skarn alteration and several mafic dykes that contain magnetite. Whether the VMS horizon was intersected will be determined through whole rock
geochemistry. Hole TOM22-038 was drilled at an angled orientation (-56° dip) to the northeast (35° azimuth). It was designed to step out 80 m down dip from massive sulphides encountered in hole TOM21-025, which
returned 14.3 m at 14.2% ZnEq1 (210.0 to 224.3 m). During drilling of hole TOM22-038 there was substantial deviation in the up-dip direction, so that the resulting step out beneath hole TOM21-025 was
approximately 40 m. After 15.0 m of overburden, the hole intersected weakly to strongly altered felsic volcanic rocks with pyrite (0.1 to 1.0%, and up to 10%) and pyrrhotite (0.1 to 1.0%, and up to 10%) from 15.0 to 213.5 m with
occasional meter-scale mafic dykes. Within this section chalcopyrite (0.1 to 1.0%) was observed from 15.0 to 20.0 m, 99.5 to 105.0 m, 113.0 to 114.0 m, 163.5 to 169.0 m, and 201.0 to 212.0 m. Alteration and sulphide content increased to strongly altered felsic volcanic rocks with disseminated, stringer, and impregnated with lesser semi-massive and massive polymetallic sulphide mineralization (sphalerite, galena, pyrite, pyrrhotite, chalcopyrite) from 213.5 to 242.8 m. A weakly to moderately altered and mostly barren felsic volcanic unit with disseminated pyrite (0.1%) and pyrrhotite (0.1%) was encountered from 242.8 to 247.8 m. The main target zone was encountered
from 247.8 to 274.2 m where strongly altered and mineralized felsic volcanic rocks with disseminated to massive polymetallic sulphide mineralization was observed. This strongly mineralized intercept is underlain by moderately altered felsic volcanic rocks with disseminated pyrite (0.1 to 1.0%) and pyrrhotite (0.1 to 1.0%) from 274.2 to 284.1 m. Weakly to moderately altered felsic volcanic rocks alternating with mafic dykes continue from 284.1 m to the end of hole depth at 391.7 m.