European Green Transition plc returned positive results from the first four drill holes at the Olserum rare earth element project in southern Sweden. DERISK Completed in September, the diamond core drilling programme comprised 13 holes for 1,500 metres. The company confirmed “significant” REE mineralisation within a shear zone structure at Djupedal, which it said validated […]
Tag: European Green Transition plc
EGT completes drilling at Olserum REE
European Green Transition plc expects to confirm a “district scale rare earth element system” after it completed diamond core drilling at Olserum in Sweden. ENCOURAGING The company drilled 13 holes for 1,500 metres with visual inspection of drill core indicating “broad alteration zones” and intervals with intersections of “visible phosphate mineralisation”. Core logging is complete […]
EGT begins drilling at Olserum
European Green Transition plc has begun low cost diamond drilling for 1,500m at its Olserum rare earth elements project in Sweden. PARTNER Up to seven holes are planned at the Djupedal prospect, targeting outcropping mineralisation along the 1km trend. The company said that the first hole was in the vicinity of the historic magnetite iron […]
EGT encouraged by Limni sampling
European Green Transition plc reported “encouraging” results from diligence sampling at its copper tailings recycling option at the past producing Limni mine in western Cyprus. PROGRESS From 68 samples, the company found acid soluble copper ranging from 0.41% to 0.92% in crusts, “clearly” demonstrating the presence of copper in water at surface. EGT said that […]
EGT encouraged by further Olserum assays
European Green Transition plc said additional “encouraging” sampling assays supported the possibility of a district-scale system, with further potential, at its Olserum rare earth elements project in south Sweden. CONTINUITY Grab samples were taken at the Djupedal prospect, the nearby Bersummen area, and the newly identified Stora Lockerum structure, with initial results published in May. […]
EGT defines large REE zone and drill targets
European Green Transition plc said it had defined a new large zone and several drill targets at the Djupedal prospect, 2.5km northwest of the Olserum rare earth elements project in south Sweden. EXPANSION Channel samples over a 100m zone showed REE mineralisation, including three metres grading 1.58% total rare earth oxide and one metre grading […]