European Green Transition PLC CEO Aiden Lavelle discusses the company’s recently completed drill program at the Olserum Rare Earth Project with Proactive's Stephen Gunnion.
Lavelle shared that the program, consisting of 1,500 meters of drilling across 13 holes, finished ahead of schedule and under budget. Ten holes were drilled at the Djupedal prospect, while the remaining three targeted the Olserum West prospect.
Lavelle highlighted that the company is optimistic about the visual results from the drill core, noting that geology consistent with surface observations was encountered. The next steps involve sending the samples for analysis at ALS Laboratory, with results expected later in the second half of 2024.
When asked about the significance of these results for securing a partner, Lavelle emphasised the importance of demonstrating the district-scale potential of the project and expanding the known mineralisation system at Olserum.
For more updates on European Green Transition's progress, stay tuned to Proactive's YouTube channel. Don't forget to give this video a like, subscribe to the channel, and enable notifications for future content.
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