District Metals reported new assay results from the first three drill holes of its phase 2 drilling program at the polymetallic Tomtebo project. Drill hole TOM21-025 intersected 14.3m @ 14.2 % ZnEq at the Steffenburgs zone. Together with previous intercepts, this zone is now interpreted to represent a classic volcanogenic massive sulfide lense with footwall-style feeder mineralization towards the SW and less altered HW rocks overlying to the NE. In addition, the company further announced a financing of up to 3 million CAD, with need proceeds from the offering to be used for exploration at Tomtebo, working capital, and general corporate purposes.
Cross-section through the massive sulfide lense at Steffenburg, Tomtebo (Source: www.districtmetals.com)
