Garrett Ainsworth, President and CEO of District Metals (TSX.V:DMX – OTCQB:DMXCF – FRA:DFPP) joins me to recap the visual results from 6 holes drilled at the Tomtebo Project, in Sweden. This project, along with the Stollberg Project, are part of a Definitive Agreement with Boliden Mineral AB, where Boliden has the right to earn up to 85% on the projects. Boliden is funding a $2million program this year on both projects.
Garrett summarizes the visual results and explain the significance of using Boliden’s in-house down-hole electromagnetic survey to analyze the mineralization.
We also discuss the moratorium on exploration and mining of uranium in Sweden. May 15th is a date that could provide some near term guidance on when this moratorium could be lifted.
Please keep emailing me your questions for Garrett to Fleck@kereport.com.