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District Commences Airborne MobileMT Survey at the Viken Property in Sweden
Vancouver, British Columbia--(Newsfile Corp. - June 3, 2025) - District Metals Corp. (TSXV: DMX) (Nasdaq First North: DMXSE SDB) (OTCQB: DMXCF) (FSE: DFPP) ("District" or the "Company") is pleased to announce that Expert Geophysics Surveys Inc. ("EGS") has been retained to conduct a helicopter-borne Mobile MagnetoTellurics System ("MobileMT") survey at the Viken Property (Figure 1) located in Jämtland County, central Sweden.
The MobileMT survey will comprise between 1,387 to 2,346 line kilometers at 200 or 400 meter line spacing over the Viken Property in two phases. Phase 1 will aim to capture the conductive signature of the mineralized Alum Shale host rock that makes up the Viken Energy Metals Deposit. Phase 2 will be flown over the remainder of the 37,211 hectare Viken Property with the objective of identifying additional conductive signatures of interest for follow up by drilling. The optimal target for further follow up work will comprise the shallowest and thickest parts of mineralized Alum Shale. The relatively flat lying Alum Shale contains abundant graphite and sulphides that make it a super conductor, which will hopefully be mapped out in detail by the MobileMT survey.
EGS introduced its MobileMT system in 2018 for use in Airborne Natural Source Audio Frequency MagnetoTellurics ("AFMAG"), positioning it as the most advanced generation of airborne AFMAG technology. This system harnesses energy from global thunderstorm activity, which is converted into an underground electromagnetic plane wave, serving as the primary field in the airborne natural field. The electromagnetic fields and currents induced in the subsurface are then utilized by MobileMT to detect variations in subsurface electrical resistivity to map out geological units of interest.
Garrett Ainsworth, CEO of District, commented: "The AFMAG technology has never been utilized to map out the mineralized Alum Shale super conductors in Sweden, and we are very excited to see the geophysical signature of the Viken Energy Metals Deposit, and we hope to also identify new areas of mineralized Alum Shale to the north and south of the Viken Deposit.
"Two important criteria for potentially economic mineralized Alum Shale deposits in a mining scenario include that the depth is shallow (ie. optimal strip ratio) and that the thickness is greater than at least 50 m. The MobileMT survey should be able to identify these shallow and thick areas of mineralized Alum Shale, which would be a breakthrough for the identification of these potentially economic deposits that contain uranium, vanadium, potash, molybdenum, nickel, zinc, copper, and rare earth elements."
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