District Announces VTEM Interpretation at Bakar Property
918-1030 West Georgia, Vancouver, BC, V6E 2Y3
Telephone: 604-628-5616
District Announces VTEM Interpretation at Bakar Property
Vancouver, B.C., September 19, 2019
September 19, 2019 – District Metals Corp. (TSX-V: DMX; "District" or the “Company”)
is pleased to announce the interpretation of final VTEM (versatile time-domain electromagnetic)
data from a helicopter-borne survey flown at its the Bakar Property on northern Vancouver Island
in British Columbia. The VTEM Plus survey comprised a total of 804 line-kms flown by Geotech
Ltd. in May 2019, and the interpretation was completed by Condor Consulting Ltd.
The VTEM Plus survey was flown over the Bakar Property to identify structures and conductors
related to potential copper-silver redbed-type deposits. As announced in its news release of May
24, 2019, outcrop chip samples recovered at the Millington showing returned high grade copper
and silver values confirming the presence of redbed -type mineralization. Additionally,
disseminated, stringer, and fracture -hosted sulphide mineralization (chalcocite, bornite, and
chalcopyrite) was observed to emanate from high grade copper-silver lenses and veins hosted
within a stratabound volcanic sequence with an apparent thickness of over 30 m and a NW-SE
strike length of over 200 m.
The primary target morphology of a redbed -type deposit is expected to be tabular and likely
conformable to the host strata that is flat lying to gently NE or SW dipping. A secondary target
morphology is structurally controlled (potentially cross-cutting stratigraphy) with veins, breccias
and disseminated mineralized zones . Management believes that t he Sustut Deposit owned by
Imperial Metals Corporation in northeast British Columbia is an analogous target on the Bakar
Property. Sustut is a significant copper-silver redbed- type deposit with dimensions of
approximately 1.5 km long, 1.0 km wide, and 75 m thick.
Based on target morphology, conductivity, and structure, Condor’s interpretation identified three
Target Zones (Figure 1) that warrant further work and drill testing:
Target Zone #1 – Soren Lake
The Soren Lake target comprises an approximate 1.5 km by 0.5 km conductive area in the Bakar
Block with NW to SE elongation that is located proximal to the convergence of the William Lake
and Holberg faults, which is a structurally prepared area for potential metal deposition. The Soren
Lake target is mapped as Quatsino Formation limestone with a wedge of Karmutsen Formation
volcanics to the northeast and Parson Bay Formation limestone to the southwest, which provides
918-1030 West Georgia, Vancouver, BC, V6E 2Y3
Telephone: 604-628-5616
geological units with contrasting geochemistry that may also encourage metal precipitation. The
magnetic response at Soren Lake is low with low magnetic variability which appears to be
consistent with sediments of the Quatsino F ormation extending to the southeast and northwest.
North-northeast trending faults are interpreted from the magnetic data to the northwest and
southeast. The Soren Lake target encompasses an area along an extensive conductive trend
(William Lake fault) where the conductivity is anomalous , and indicates a shallow (< 100 m
below surface) conductor of greater than 20 mS/m with an apparent shallow dip to the northeast.
Target Zone #2 – Sharp Creek Target
The Sharp Creek target is an approximately 1.3 km by 1.4 km area located on land northwest of
Sharp Creek in the Bakar Block. The target area is mapped as Qu atsino Formation limestone in
the northeast and limestone of the Parson Bay Formation in the southwest. In between the
sedimentary units and in the cent er of the target area are LeMare Lake mafic volcanics and
volcano-sedimentary rocks of the Bonanza Lake Group. The magnetic response in the northeast
is low intensity, consistent with the Quatsino formation elsewhere in the survey area. There is an
approximately 200 m wide band of relatively high magnetic intensity (+200 nT) through the
center of the target area elongated northwest-southeast. North and northeast trending faults are
interpreted at either end of the magnetic high as well as along the northwest edge of the high. The
Sharp Creek target isolates a region along an extensive conductive trend (also containing the
Soren Lake target) where the conductivity is anomalous. Depth to this large flat lying conductor
is approximately 120 m below surface with a conductance often greater than 20 mS/m.
Target Zone #3 – William Lake Target
The William Lake target covers and area of approximately 1.6 km by 0.7 km , and is located
primarily over the northwest half of William Lake in the William Lake survey block. Both shores
are coincident with faults in the mapped geology with the easternmost fault named the William
Lake Fault. The target area is mapped as Quatsino Formation limestone in the southwest while
the majority of the area under the lake is interpreted to be limestone of the Parson Bay Formation
and to the northeast, the area is mapped as Karmutsen Formation mafic volcanics. The magnetic
response appears to be a continuation of the Bakar B lock. The area of the mapped Karmutsen
Formation is relatively high magnetic intensity and variability with an arcuate magnetic high
northeast of the target area. The area of the lake as well as extensions to the edge of the survey
block to the southeast and northwest is a magnetic low. The William Lake target contains a
discrete, relatively high conductivity area along a conductive trend which is open to the northwest
and the southeast. Target depth to the strongest portion of this conductor is less than 100 m below
surface, and is oriented flat to shallow northeast dipping with a conduct ance of greater than 30
mS/m. The William Lake copper showing (MINFILE 102I/007) is located approximately 400 m
northeast of the target area, and the AIRD copper occurrence (MINFILE 102I/006) is located
approximately 600 m north of the target area.
918-1030 West Georgia, Vancouver, BC, V6E 2Y3
Telephone: 604-628-5616
Figure 1: VTEM Target Zones
Interpretation of the VTEM Plus survey data did not show a clear bedrock conductor associated
with the area of the Millington s howing, which is likely due to the steepness of the terrain, and
proximity to a nearby powerline . An induced polarization (IP) survey complete d in 1963 over
Millington showed a 1.98 km long chargeability anomaly that is open to the SE and NW. The
918-1030 West Georgia, Vancouver, BC, V6E 2Y3
Telephone: 604-628-5616
application of a modern 3D IP survey over Millington to define the chargeability targets in three
dimensions is currently being assessed before drill targeting.
Technical Information
All scientific and technical information in this news release has been prepared by, or reviewed
and approved, by Garrett Ainsworth, PGeo, President and CEO of the Company. Mr. Ainsworth
is a qualified person for the purposes of National Instrument 43 -101 - Standards of Disclosure
for Mineral Projects and whom has verified the VTEM Plus survey data disclosed in this news
release.
Mr. Ainsworth has not verified any of the information regarding any of the properties or projects
referred to herein other than the Bakar Property and mineralization at those other properties or
projects is not necessarily indicative of mineralization on the Bakar Property.
On Behalf of the Board of Directors
“Garrett Ainsworth”
President and Chief Executive Officer
604-628-5616
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding “Forward-Looking” Information.
This news release contains "forward -looking information" within the meaning of applicable Canadian securities
legislation. “Forward-looking information” includes, but is not limited to, state ments with respect to the activities,
events or developments that the Company expects or anticipates will or may occur in the future, including the
completion and anticipated results of planned exploration activities. Generally, but not always, forward- looking
information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”,
“budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative
connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”,
“could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among others, that
the Company’s planned exploration activities will be completed in a timely manner. Although the assumptions made
by the Company in providing forward- looking information or making forward- looking statements are considered
reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other
factors, which may cause actual events or results in future periods to differ materially from any projections of future
events or results expressed or implied by such forward-looking information or statements, including, among others:
that planned exploration activities do not achieve anticipated results or are not completed in a timely manner or at
all, negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no
known mineral reserves or resources, reliance on key management and ot her personnel, potential downturns in
economic conditions, , changes in exploration programs based upon results, and risks generally associated with the
mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays
in obtaining governmental or other approvals.
918-1030 West Georgia, Vancouver, BC, V6E 2Y3
Telephone: 604-628-5616
Although the Company has attempted to identify important factors that could cause actual results to differ materially
from those contained in the forward- looking information or implied by forward- looking information, there may be
other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that
forward-looking information and statements will prove to be accurate, as actual results and future events could differ
materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on
forward-looking statements or information.
The Company undertakes no obligation to update or reissue forward -looking information as a result of new
information or events except as required by applicable securities laws.