District Metals - New Zinc-Silver Lens Discovery At Stollberg, Exploration Updates Across Sweden
Garrett Ainsworth, President and CEO of District Metals (TSX.V:DMX - OTCQB:DMXCF - Nasdaq First North: DMXSE SDB) joins me for a full update on recent exploration results from the Stollberg Project, part of the company's partnership with Boliden in Sweden. The March 26th news highlighted five drill holes totaling 2,465 meters, including a standout intercept of 11 meters grading 5.8% Zn, 1.1% Pb, and 20 g/t Ag.
This first-pass drill program hit wide, mineralized zones and successfully identified a new lens discovery in hole 154 - an untested area with no historical drilling. Downhole EM data has also revealed promising off-hole conductors to help vector future drilling. Additional targets remain open along strike and at depth, setting the stage for follow-up work in H2 2025.
We also discuss the ongoing drill program at the Tomtebo Project, where drilling is underway.
Looking ahead, District and Boliden plan to drill 7,000–8,000 meters across both projects this year, supported by a $3M CAD exploration budget. Additional drilling at Stollberg is planned for later this year across multiple target zones.
On the uranium front, Garrett provides a progress update on the Swedish uranium moratorium, which is on track for a parliamentary vote this September. Legislative changes could take effect in January 2026, but confidence in the outcome has led District to resume work on its uranium assets, starting with an updated resource for the Viken deposit in Q2 and fieldwork across the portfolio this spring and summer.
If you have any follow up questions for Garrett please email me at Fleck@kereport.com.
Click here to visit the District Metals website to learn more about the Company.
