Intersections At The Gruvberget Property In Sweden

VANCOUVER - District Metals Corp. reported on five drill holes (GRU22-001 to -005) from the Spring-Summer 2022 drill program at the polymetallic Gruvberget Property located in the Bergslagen Mining District in south-central Sweden. A total of 1,144 m in five drill holes was completed at the Gruvberget North zone from mid-May to early-July 2022. All of the drill holes were 30 to 60 m step outs below historical drill intercepts where four out of five holes intersected polymetallic sulphide mineralization that remains open at depth and partially along strike.

Highlights: GRU22-002 intersected 9.1 m at 6.1% ZnEq1 (130.0 to 139.1 m), including 3.3 m at 13.0% ZnEq1 (134.0 to 137.3 m); and GRU22-003 intersected 9.2 m at 5.9% ZnEq1 (127.0 to 136.2 m), including 2.7 m at 9.2% ZnEq1 (133.5 to 136.2 m).

Garrett Ainsworth, CEO, said, "Our first pass drill program at the Gruvberget Property has been a great success. Drilling at the Gruvberget North zone has returned significant polymetallic assays over appreciable widths with continuity that remain open from a shallow vertical depth of approximately 160 m. The vertical extent of some polymetallic deposits in the Bergslagen District can be quite significant such as Boliden's Garpenberg Mine and Lundin Mining's Zinkgruvan Mine where mineral resources extend to depths of 1,600 m, which makes the window of opportunity at Gruvberget very large. The Gruvberget North zone warrants a much larger drill program to better assess the size and scale of the mineralized system we have on hand."