The Svärdsjö project is located in the world-class Bergslagen mining district. The project has similar geologic features as the famous Garpenberg Mine*. The project area has been actively mined for over 500 years with historic production of 1.04 Mt @ 0.6% Cu, 1.5% Pg, 4.5% Zn, and 0.4 g/t Au1.
The geology in Svärdsjö is strata-bound, dolomitic marble hosted, altered to skarn surrounded by heavily altered (hydrothermal and metamorphic) subvolcanic intrusions and volcanoclastics. Regional magnetics indicate a series of highly magnetic anomalies coincident with base metal occurrences that form a ring structure around a volcanic center. Other deposits in Bergslagen (Falun, Lovåsen (Tomtebo) and Trollberget) occur on similar ring-type structures around volcanic centers.
In July 2021, EMX executed an agreement to sell the Svärdsjö Project to District Metals Corp (TSX-V: DMX). The agreement provides EMX with additional share equity, annual advanced royalty payments, and a 2.5% NSR. See EMX New Release dated July 22, 2021.
1Historic production values are cited from Geologic Survey of Finland, Special Paper 53, Metallogenic areas in Sweden p. 154.
*The nearby mines and deposits mentioned above provide context for EMX’s Project, which occurs in a similar geologic setting, but this is not necessarily indicative that the project hosts similar tonnages or grades of mineralization