European Green Transition reported initial results from its recent drilling program at the Olserum REE project in southern Sweden. The now-reported four holes were testing the continuation of REE mineralization beneath the historic Djupedal showing, where surface sampling returned up to 20.45% TREO. Returning e.g. 1.5m @ 3.48% TREO, including 0.5m @ 7.7% TREO, the drilling successfully intersected high-grade rare earth mineralization at the predicted target depth, thereby validating the company’s newly developed shear zone hosted mineralization model. Assays for the remainder of the holes are expected in Q4 2024.
Olserum drill hole map with recently drilled holes (Source: www.europeangreentransition.com)
