District Metals – Tomtebo Drill Results, Steffenburgs Zone Intercept of 29.2m at 7.4% ZnEq, Boliden Funding The Exploration
Garrett Ainsworth, President and CEO of District Metals (TSX.V:DMX – OTCQB:DMXCF – FRA: DFPP) joins me to recap the July 29th news release reporting drill results from the Tomtebo Project in Sweden. Boliden is funding a total of $10million in exploration at the Tomtebo and Stollberg Projects over 4 years. This drill program consisted of 6 holes for just under 2,200 meters.
I have Garrett focus on the 3 holes drilled into the Steffenburgs zone (holes 41-43) which expanded the mineralization deeper from past holes. Garrett explains the implications for future drilling, both deeper and along strike. We also discuss the three more exploration focused holes, in the northern part of the Property which returned no significant values. I also ask about the Stollberg Project and the upcoming drilling plans.
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All metals remain of interest.
Now that the market has realized that the ZING is out of the Battery Metals Market, we should start to see some investor enthusiasm return to the precious metal stocks.
EV’s are dead, they are great for golf carts, and dinky toys, the technology isn’t there and neither are the raw materials to supply them, or the cost to manufacture them at a profit for the automakers. DT