District Executes Definitive Agreement on Polymetallic Properties in the Prolific Bergslagen District of Sweden
Retrieved on:
Friday, February 28, 2020
Garrett Ainsworth, President & CEO of District, commented: These Swedish properties provide District with significant opportunities in the prolific Bergslagen District, which is known for its large tonnage and high grade Volcanogenic Massive Sulphide (VMS) and Sedimentary Exhalative (SedEx) deposit types.
Key Points:
- Garrett Ainsworth, President & CEO of District, commented: These Swedish properties provide District with significant opportunities in the prolific Bergslagen District, which is known for its large tonnage and high grade Volcanogenic Massive Sulphide (VMS) and Sedimentary Exhalative (SedEx) deposit types.
- The Bergslagen District has substantial polymetallic production and endowment that is evidenced by the numerous historical and active mines, which has seen little modern systematic exploration compared to peer districts.
- Sweden is a stable and supportive jurisdiction for mining that is ranked highly by the Fraser Institute.
- Mineralization on any other properties referred to herein is not necessarily indicative of mineralization on the Tomtebo and Trollberget Properties.