District Appoints Hein Raat as Country Manager of Sweden
District Appoints Hein Raat as Country
Manager of Sweden
VANCOUVER, BC
,
Jan. 11, 2021
/CNW/ -
District Metals Corp.
(TSXV: DMX) (FRA: DFPP)
;
("District" or the "Company")
is pleased to announce a key appointment that will strengthen and
expand the Company's presence and operational efficiency in Sweden.
Hein Raat
has been
appointed as Country Manager of
Sweden
, which is an important role given the upcoming
5,000 m
drill program at the Company's high grade polymetallic Tomtebo Property that is scheduled to
commence in Q1 2021.
Mr. Raat is a professional geologist (EurGeol) with extensive experience exploring for base and
precious metal deposits in Scandinavia and Europe. He was a Geologist for the Boliden Group in
Sweden
for eight years with the last four years being focused on polymetallic projects in the
Bergslagen Mining District. Mr. Raat spent much of his time in the Bergslagen working on the
polymetallic Stollberg Project, which is located approximately 40 km southwest and along trend from
District's Tomtebo Property. Mr. Raat specializes in prospect evaluation, target generation,
historical data compilation, exploration permitting and community relations, geological mapping and
sampling, planning and supervision of drilling campaigns, 3D geological modelling, and GIS &
Database management.
Garrett Ainsworth
, CEO of District, commented: "The appointment of Hein as Country Manager of
Sweden
is a significant addition to the team for District Metals. I've been working with Hein as a
consultant to District since the beginning of this year, and I am excited that he has agreed to join our
team in a more formalized position. His technical knowledge of polymetallic deposits and permitting
experience in the Bergslagen Mining District is a great asset to the Company, and the timing could
not be better as we prepare to embark on our maiden drill program focused on the historic Tomtebo
Mine."
Technical Information
All scientific and technical information in this news release has been prepared by, or 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.
Mr. Ainsworth has not verified any of the information regarding any of the properties or projects
referred to herein other than the Tomtebo Property. Mineralization on any other properties referred
to herein is not necessarily indicative of mineralization on the Tomtebo Property.
About District Metals Corp.
District Metals Corp. 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.
The advanced exploration stage Tomtebo Property, located in the Bergslagen Mining District of
south-central
Sweden
, is the Company's main focus. The Tomtebo Property comprises 5,144 ha,
and is situated between the historic Falun Mine and Boliden's Garpenberg Mine located 25 km to the
northwest and southeast, respectively. Two historic polymetallic mines and numerous polymetallic
showings are located on the Tomtebo Property along an approximate 17 km trend that exhibits
similar geology, structure, alteration and VMS/SedEx style mineralization as other significant mines
within the district. Mineralization that is open at depth and along strike at the historic mines on the
Tomtebo Property has not been followed-up and modern systematic exploration has never been
conducted on the Property.
On Behalf of the Board of Directors
"
Garrett Ainsworth
"
President and Chief Executive Officer
(604) 288-4430
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 certain statements that may be considered "forward-looking
statements" within the meaning of applicable securities laws. In some cases, but not necessarily in
all cases, forward-looking information can be identified by the use of forward-looking terminology
such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is
positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes",
or variations of such words and phrases or state that certain actions, events or results "may",
"could", "would", "might", "will" or "will be taken", "occur" or "be achieved" and other similar
expressions. In addition, statements in this news release that not historical facts are forward
looking statements including anticipated results of future exploration and the results of additional
compilation work.
These statements and other forward-looking information are based on assumptions and estimates
that the Company believes are appropriate and reasonable in the circumstances, , including,
without limitation, assumptions about the reliability of historical data and the accuracy of publicly
reported information regarding past and historic mines in the Bergslagen District the Company's
ability to raise sufficient capital to fund planned exploration activities, maintain corporate capacity
and satisfy the exploration expenditure requirements required by the definitive purchase
agreement between the Company and the vendor of the Tomtebo property (the "Definitive
Purchase Agreement") by the times specified therein (failing which the Tomtebo Property will be
forfeited without any repayment to the Company); and stability in financial and capital markets.
There can be no assurance that such statements will prove to be accurate and actual results, and
future events could differ materially from those anticipated in such statements. Important factors
that could cause actual results to differ materially from the Company's expectations include the risk
that historic data regarding the Tomtebo property is unreliable, the risk that information concerning
production and mineralization at current and historic mines within the Bergslagen District proves to
be inaccurate; the risk that the Company will be unable to raise sufficient capital to finance planned
exploration (including incurring prescribed exploration expenditures required by the Definitive
Purchase Agreement, failing which the Tomtebo Property will be forfeited without any repayment of
the purchase price); future metal prices, general economic, market or business conditions, and
other exploration or other risks detailed herein and from time to time in the filings made by the
Company with securities regulators, including those described under the heading "Risks and
Uncertainties" in the Company's MD&A for the financial year ended
June 30
, 2020. The Company
does not undertake to update or revise any forward-looking statements, except in accordance with
applicable law. Readers are cautioned not to put undue reliance on these forward-looking
statements.
SOURCE
District Metals Corp.
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For further information:
Garrett Ainsworth, President and Chief Executive Officer, (604) 288-4430
CO: District Metals Corp.
CNW 08:00e 11-JAN-21