District Completes Airborne MobileMT Survey at the Viken Property and Commences MobileMT at the Alum Shale Properties in Sweden
District Metals (OTCQB:DMXCF) has completed a helicopter-borne Mobile MagnetoTellurics System (MobileMT) survey at its Viken Property in Sweden. The survey, which began on June 3, 2025, has successfully mapped the mineralized Alum Shale host rock of the Viken Energy Metals Deposit.
The company has now moved the MobileMT system to its Alum Shale Properties where it will conduct approximately 2,700 line kilometers of surveying at 200-meter line spacing. The survey aims to identify potential mineralized Alum Shale for drilling confirmation, focusing on the shallowest and thickest parts of mineralized Alum Shale. Final results from the Viken Property survey are expected in Q3 2025.
District Metals (OTCQB:DMXCF) ha completato un'indagine con sistema Mobile MagnetoTellurics (MobileMT) trasportato da elicottero presso la sua proprietà Viken in Svezia. L'indagine, iniziata il 3 giugno 2025, ha mappato con successo la roccia ospite mineralizzata Alum Shale del giacimento Viken Energy Metals.
L'azienda ha ora spostato il sistema MobileMT alle sue Proprietà Alum Shale, dove condurrà circa 2.700 chilometri di linee di rilevamento con una spaziatura di 200 metri tra le linee. L'obiettivo dell'indagine è identificare l'Alum Shale mineralizzato potenziale per la conferma tramite perforazioni, concentrandosi sulle parti più superficiali e più spesse dell'Alum Shale mineralizzato. I risultati finali dell'indagine sulla proprietà Viken sono attesi nel terzo trimestre 2025.
District Metals (OTCQB:DMXCF) ha completado una encuesta con el sistema Mobile MagnetoTellurics (MobileMT) transportado por helicóptero en su propiedad Viken en Suecia. La encuesta, que comenzó el 3 de junio de 2025, ha mapeado con éxito la roca huésped mineralizada Alum Shale del depósito Viken Energy Metals.
La empresa ha trasladado ahora el sistema MobileMT a sus Propiedades Alum Shale, donde realizará aproximadamente 2.700 kilómetros lineales de sondeos con un espaciamiento de línea de 200 metros. La encuesta tiene como objetivo identificar Alum Shale mineralizado potencial para confirmación mediante perforación, enfocándose en las partes más superficiales y gruesas del Alum Shale mineralizado. Se esperan los resultados finales de la encuesta en la propiedad Viken para el tercer trimestre de 2025.
District Metals (OTCQB:DMXCF)는 스웨덴에 위치한 Viken 자산에서 헬리콥터 탑재형 모바일 자기텔루릭스 시스템(MobileMT) 조사를 완료했습니다. 2025년 6월 3일에 시작된 이번 조사는 Viken 에너지 금속 매장지의 광물화된 Alum Shale 모암을 성공적으로 매핑했습니다.
회사는 현재 MobileMT 시스템을 Alum Shale 자산으로 이동시켜 약 2,700 라인 킬로미터를 200미터 간격으로 조사할 예정입니다. 이 조사의 목적은 광물화된 Alum Shale 중 가장 얕고 두꺼운 부분을 중심으로 시추 확인을 위한 잠재 광물화 구간을 식별하는 것입니다. Viken 자산 조사의 최종 결과는 2025년 3분기에 발표될 예정입니다.
District Metals (OTCQB:DMXCF) a terminé une enquête avec le système Mobile MagnetoTellurics (MobileMT) transporté par hélicoptère sur sa propriété Viken en Suède. L'enquête, commencée le 3 juin 2025, a cartographié avec succès la roche hôte minéralisée Alum Shale du gisement Viken Energy Metals.
L'entreprise a maintenant déplacé le système MobileMT vers ses Propriétés Alum Shale, où elle effectuera environ 2 700 kilomètres de lignes d'enquête avec un espacement de 200 mètres entre les lignes. L'objectif de l'enquête est d'identifier l'Alum Shale potentiellement minéralisé pour une confirmation par forage, en se concentrant sur les parties les plus superficielles et les plus épaisses de l'Alum Shale minéralisé. Les résultats finaux de l'enquête sur la propriété Viken sont attendus au troisième trimestre 2025.
District Metals (OTCQB:DMXCF) hat eine mit dem Hubschrauber durchgeführte Mobile MagnetoTellurics System (MobileMT)-Untersuchung auf seinem Viken-Gelände in Schweden abgeschlossen. Die Untersuchung, die am 3. Juni 2025 begann, hat erfolgreich das mineralisierte Alum Shale-Muttergestein des Viken Energy Metals-Lagers kartiert.
Das Unternehmen hat das MobileMT-System nun zu seinen Alum Shale-Eigentümern verlegt, wo es ungefähr 2.700 Linienkilometer mit einem Linienabstand von 200 Metern untersuchen wird. Ziel der Untersuchung ist es, potenziell mineralisiertes Alum Shale zur Bohrbestätigung zu identifizieren, wobei der Fokus auf den flachsten und dicksten Bereichen des mineralisierten Alum Shale liegt. Die endgültigen Ergebnisse der Untersuchung auf dem Viken-Gelände werden für das dritte Quartal 2025 erwartet.
- MobileMT survey successfully mapped mineralized Alum Shale at Viken Property
- Survey results corroborate with historical drill hole data
- Technology breakthrough enables better exploration of mineralized Alum Shale in Sweden
- None.
Vancouver, British Columbia--(Newsfile Corp. - June 24, 2025) - District Metals Corp. (TSXV: DMX) (Nasdaq First North: DMXSE SDB) (OTCQB: DMXCF) (FSE: DFPP); ("District" or the "Company") is pleased to announce the completion of a helicopter-borne Mobile MagnetoTellurics System ("MobileMT") survey at the Viken Property, and now the MobileMT system has been moved to the Alum Shale Properties (Figure 1) located in the Jämtland and Västerbottens Counties, north-central Sweden.
The MobileMT survey initially commenced at the Viken Property in on June 3, 2025. Preliminary interpretations indicate that the MobileMT survey has successfully mapped out the mineralized Alum Shale host rock of the Viken Energy Metals Deposit, which has validated this geophysical survey for further use at the Company's Alum Shale Properties. The final results and interpretations of the MobileMT survey on the Viken Property will likely be released in Q3 2025.
The MobileMT survey at the Alum Shale Properties will comprise approximately 2,700 line kilometers at 200 meter line spacing, and will aim to identify potential mineralized Alum Shale for follow up confirmation by drilling. The optimal target for further follow up work will comprise the shallowest and thickest parts of mineralized Alum Shale. The MobileMT survey has successfully mapped out the mineralized Alum Shale in detail at the Viken Energy Metals Deposit, and this geophysical signature will be utilized for identifying drill targets at the Alum Shale Properties.
Garrett Ainsworth, CEO of District, commented: "Our preliminary confirmation that MobileMT has effectively mapped out the mineralized Alum Shale at the Viken Energy Metals Deposit is a technological breakthrough for exploration of mineralized Alum Shale in Sweden. The initial interpretations of the MobileMT results at the Viken Deposit clearly show the depth to and thickness of the Alum Shale that corroborates with geological data from historical drill holes. In an Alum Shale deposit mining scenario, a shallow and thick deposit is important to optimize the strip ratio and deliver the best economic metrics. We will use this recently identified geophysical signature to prioritize drill targets outside of the 2025 Viken Deposit mineral resource estimate and on the Alum Shale Properties."
Figure 1: Alum Shale Properties Proposed Airborne MobileMT Survey Flight Lines
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7971/256535_28142ab3843d6bb1_002full.jpg
Technical Information
All scientific and technical information in this news release has been prepared by, or approved by Garrett Ainsworth, P.Geo, President and CEO of the Company. Mr. Ainsworth is a Qualified Person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About District Metals Corp.
District Metals Corp. is led by industry professionals with a track record of success in the mining industry. The Company's mandate is to seek out, explore, and develop prospective mineral properties through a disciplined science-based approach to create shareholder value and benefit other stakeholders.
District is a polymetallic exploration and development company focused on the Viken and Tomtebo Properties in Sweden. The Viken Property covers
The advanced exploration stage Tomtebo Property is located in the Bergslagen Mining District of south-central Sweden and is situated between the historic Falun Mine and Boliden's Garpenberg Mine that are located 25 km to the northwest and southeast, respectively. Two historic polymetallic mines and numerous polymetallic showings are located on the Tomtebo Property along an approximate 17 km trend that exhibits similar geology, structure, alteration and VMS/SedEx style mineralization as other significant mines within the district.
For further information on the Tomtebo Property, please see the technical report entitled "NI 43-101 Update Technical Report on the Tomtebo Project, Bergslagen Region of Sweden" dated effective October 15, 2020 and amended and restated on February 26, 2021, which is available on SEDAR+ at www.sedarplus.ca.
On Behalf of the Board of Directors
"Garrett Ainsworth"
President and Chief Executive Officer
(604) 288-4430
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding "Forward-Looking Information"
This news release contains certain statements that may be considered "forward-looking information" with respect to the Company within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved" and any similar expressions. In addition, any statements that refer to expectations, predictions, indications, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events. Forward-looking information in this news release relating to the Company include, among other things, statements relating to the Stollberg Property including, but not limited to, results of exploration and drilling and interpretations thereof, and future exploration; the benefits of mining Sweden; the Company's Swedish polymetallic properties; the Company's planned exploration activities, including its drill target strategy and next steps for the Swedish properties; and the Company's interpretations and expectations about the results on the Swedish properties.
These statements and other forward-looking information are based on opinions, assumptions and estimates made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that the Company believes are appropriate and reasonable in the circumstances, as of the date of this news release, including, without limitation the reliability of exploration and drill results; reliability of data and the accuracy of publicly reported information regarding current, past and historic mines in the Bergslagen district and in respect of the Swedish properties; that the Swedish government will eventually lift or amend its moratorium on uranium exploration and mining in Sweden; the Company's ability to satisfy the terms of the Company's agreement with Boliden; the Company's ability to raise sufficient capital to fund planned exploration activities, maintain corporate capacity; and stability in financial and capital markets.
Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date such statements are made, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to risks associated with the following: the reliability of historic data on District's properties; the Company's ability to raise sufficient capital to finance planned exploration; that the Swedish government maintains its moratorium on uranium exploration and mining in Sweden for the foreseeable future; the Company's limited operating history; the Company's negative operating cash flow and dependence on third-party financing; the uncertainty of additional funding; the uncertainties associated with early stage exploration activities including general economic, market and business conditions, the regulatory process, failure to obtain necessary permits and approvals, technical issues, potential delays, unexpected events and management's capacity to execute and implement its future plans; the Company's ability to identify any mineral resources and mineral reserves; the substantial expenditures required to establish mineral reserves through drilling and the estimation of mineral reserves or mineral resources; the uncertainty of estimates used to calculated mineralization figures; changes in governmental regulations; compliance with applicable laws and regulations; competition for future resource acquisitions and skilled industry personnel; reliance on key personnel; title matters; conflicts of interest; environmental laws and regulations and associated risks, including climate change legislation; land reclamation requirements; changes in government policies; volatility of the Company's share price; the unlikelihood that shareholders will receive dividends from the Company; potential future acquisitions and joint ventures; infrastructure risks; fluctuations in demand for, and prices of metals; fluctuations in foreign currency exchange rates; legal proceedings and the enforceability of judgments; going concern risk; risks related to the Company's information technology systems and cyber-security risks; and risk related to the outbreak of epidemics or pandemics or other health crises. For additional information regarding these risks, please see the Company's Annual Information Form dated July 11, 2022 for the fiscal year ended June 30, 2021, under the heading "Risk Factors", which is available at www.sedarplus.ca. These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company. These factors and assumptions, however, should be considered carefully. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Also, many of such factors are beyond the control of the Company. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release, and the Company assumes no obligation to publicly update or revise such forward-looking information, except as required by applicable securities laws.
1 S&P Global Market Intelligence - Market Intelligence Research
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256535
FAQ
What are the key findings from District Metals' MobileMT survey at the Viken Property?
When will DMXCF release the final results of the Viken Property MobileMT survey?
What is the scope of District Metals' new MobileMT survey at the Alum Shale Properties?
How will District Metals use the MobileMT survey results for future exploration?
