While we are waiting to see details on the next Swedish government (as coalition talks have been difficult), District Metals (DMX.V) has just kicked off a diamond drill program on the Target Areas A and B on the flagship Viken uranium-critical minerals project in Sweden. These two targets represent two large conductive anomalies that were identified in the 2025 airborne survey, and remain largely untested (with a 2008 drill program mainly focusing on the periphery of the anomalies. There is no pre-determined amount of meters that will be drilled on these targets, but drill-testing these two prospects is part of the 5,000-7,000 meter drill program across the alum shale properties that has been budgeted for this year.
The two targets are located 1.7 and 7.5 kilometers to the north and northwest of the Viken Energy Metals deposit, and represent conductive signatures that are actually stronger than the 4.8 billion tonne (456Mt in the indicated resource, 4.3 Bt in the inferred resources) Viken deposit, which hosts 1.7 billion pounds of uranium.
Disclosure: The author has a small long position in District Metals. District is a sponsor of the website. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
