District Metals Corp. announced that District and Boliden Minerals AB have approved an exploration budget of CAD 2.0 million on the Tomtebo and Stollberg Properties for 2024. District is the operator of the Tomtebo-Stollberg collaboration, and the Company has commenced core drilling at the high grade polymetallic Tomtebo Property located in the Bergslagen Mining District in south-central Sweden.

Highlights: The approved 2024 Exploration Budget of CAD 2.0 million for the Tomtebo andStollberg Properties will cover historical compilation work, geological mapping, geochemical sampling, ground magnetic and electromagnetic surveys, historic drill core review, and core drilling. The planned core drill program for the Tomtebo Property comprises 2,250 m in six to eight drill holes will be followed up by Boliden's in-house, down-hole, three component electromagnetic (DHEM) survey. Three drill holes in 1,200 m of drilling will test the Steffenburgs zone at the historic Tomtebo Mine by stepping out below hole TOM22-038 that returned 25.5 m at 8.2% ZnEq2 (249.0 to 274.1 m).

This interval included 384 g/t Au and 855 g/t Ag over 0.4 m (273.7 to 274.1 m) that is wide open at depth. Three to five drill holes will test the inferred mineralized horizon to the west and east of the historic Tomtebo Mine.