Ragnar Metals reported assay results from its second field program at the Olserum North REE project in southern Sweden. Sampling was successful in identifying more mineralization at the Flaken and Hylleled prospects, returning assays up to 4.1% TREO and locally containing up to 65% heavy rare earths. The discovery of a new REE mineralized biotite/magnetite altered rock, returning up to 1.7% TREO at the Melsjon prospect further underlines the prospectivity of the wider area.
Going forward, the company plans to follow up the encouraging results with a channel sampling program at the Flaken and Hylleled prospects as well as a follow-up field trip to the Melsjon area.
Left: Newly discovered REE mineralization at Melsjon. Right: Outcrop of biotite magnetite altered rock at Flaken (Source: www.ragnarmetals.com.au)
