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District Metals (DMX) - Drilling High-Grade Polymet Next To Giant

Feb. 08, 2021 10:14 AM ETDMXCF
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  • TSX-V: DMX.
  • Shares Outstanding: 59.42M.
  • Share price C$0.47 (21.12.2020).
  • Market Cap: C$28M.

District Metals is led by industry professionals with a track record of success in the mining industry. The Company's mandate is to seek out, explore, and develop prospective mineral properties through a disciplined science-based approach to create shareholder value and benefit other stakeholders.

Interview with Garrett Ainsworth, President & CEO of District Metals Corp. We previously spoke to Garrett in August where we discussed the business plan, the strategy, the team, the corporate structure, and the financing.

Company Overview

District Metals is a fairly new company and has recently closed on the acquisition of their high-grade poly-metallic project in July of this year. It's an advanced-stage project that covers 5,100ha and 17km of strike length. It is situated right in between 2 giant poly-metallic mines. One past-producing being Falun and the other being Boliden's Garpenberg mine, which is one of the most productive underground Zinc mines, but could also be classified as a Silver mine. They have been working with some historical data and putting their own more recent data together through SkyTEM surveys and ground surveys, ready for their drill programme coming up.

Read the full article here.

Analyst's Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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