District Metals Corp. (TSXV:DMX, Nasdaq First North:DMXSE SDB, OTCQB:DMXCF, FRA:DFPP) announced promising results from its airborne Mobile Magnetotelluric (MobileMT) survey at the 100%-owned Viken Energy Metals Property in Sweden. The survey successfully identified large-scale conductive anomalies that align with the known Viken Deposit and revealed several new high-priority targets outside the existing resource area—some of which appear larger and stronger than the original deposit.
The Viken Deposit is recognized as the world’s largest undeveloped uranium resource and also contains significant quantities of vanadium, molybdenum, nickel, copper, and zinc. The MobileMT survey covered the entire 37,211-hectare property and mapped the mineralized Alum Shale, which is rich in graphite and sulphides, making it highly detectable.
Garrett Ainsworth, CEO of District, commented: “The Viken Deposit is already known to contain the largest undeveloped uranium mineral resource in the worldi, so it’s incredible to see from the MobileMT results that the Viken Property has the potential to host multiple Viken Deposits. Furthermore, three of these newly identified target areas on the Viken Property appear to be larger and more robust in signature compared to the Viken Deposit.
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