Curated News
By: NewsRamp Editorial Staff
May 15, 2024
European Green Transition Encouraged by Channel Sampling at Olserum's Djupedal Prospect
TLDR
- Results from channel sampling at the Djupedal prospect in south Sweden unveil a large, mineralized zone with high-grade mineral structures, offering potential investment opportunities.
- The channel and grab sampling results at Djupedal revealed a one-meter mineralized zone with high-grade mineral structures, suggesting potential for future exploration and development.
- The discovery at Djupedal prospect presents an opportunity for future partnerships and commercialization efforts, which could contribute to the advancement of sustainable rare earth element mining.
- The discovery of a new mineralized shear zone and high-grade mineral structures at Djupedal prospect in south Sweden offers exciting opportunities for further exploration and potential partnerships.
Impact - Why it Matters
The discovery of significant mineralisation at the Djupedal prospect in south Sweden presents promising opportunities for the Olserum Rare Earth Elements (REE) project. This development could potentially lead to further exploration, partnerships, and commercialization efforts, impacting the future of rare earth element production and supply.
Summary
European Green Transition PLC CEO Aiden Lavelle shared the results of channel sampling at the Djupedal prospect at the Olserum Rare Earth Elements (REE) project in south Sweden. Significant channel and grab sampling results at Djupedal revealed a large, mineralised zone extending over one meter, suggesting a system size surpassing the known resource area. The samples indicated high-grade mineral structures, with certain areas showing mineralisation levels above 1.5% and 2%. Additionally, a new mineralized shear zone was discovered approximately 900 meters south of the primary site, promising further exploration opportunities. The next steps for the project involve drilling the newly identified targets in the latter half of the year to confirm mineralisation at depth and potentially attract partnerships for further development.
Source Statement
This curated news summary relied on content disributed by News Direct. Read the original source here, European Green Transition Encouraged by Channel Sampling at Olserum's Djupedal Prospect
