Exploring uncharted territories in the mineral industry always brings excitement and promise of discovery. Bastion Minerals Ltd (ASX:BMO) recently shared an update on its ventures in Sweden, particularly highlighting the Gyttorp Project and its vicinity. The Gyttorp Project, a property rich in high-grade copper and Rare Earth Elements (REE), has shown promising results through recent mapping and sampling activities across the region.
Here are the key highlights of the recent update:
- Significant Results: Following Bastion’s reconnaissance mapping and pXRF sampling program on new properties along the REE Line, impressive double-digit percentages of REE and Copper were detected. The findings include up to 18.5% Total Rare Earth Elements plus Yttrium (TREE+Y) and up to 24% copper in pXRF analyses linked with magnetite skarns, similar to Gyttorp.
- Rich Mineralization: The properties display extensive magnetite skarns with abundant copper in the magnetite and REE mineralization in the surrounding tremolite-actinolite alteration at multiple sites.
- Exploration Continues: Bastion is now analyzing the distribution of associated base metals found during exploration, with lab results expected shortly. The presence of historical magnetite mines in the area, as shown in government magnetic data sets, aids in pinpointing areas of high potential.
- Future Plans: Additional sampling is planned to prioritize mineralized zones and select drill targets for REE and copper mineralization. Laboratory assay results are anticipated by late November.
- Executive Outlook: Mr. Ross Landles, the Executive Chairman, emphasized the similarity in REE mineralization across newly granted properties to Gyttorp. Evaluation of these areas aims to identify high-grade zones for potential drilling activities.
The Gyttorp property, alongside the newly granted properties in Sweden, showcases promising mineralization prospects. As Bastion continues its exploration and evaluation efforts, the potential for significant mineral discoveries in the region remains high.
For the latest updates on Bastion’s ventures in Sweden, stay tuned for upcoming assay results and exploration developments. Embarking on this journey of discovery and innovation holds immense promise for the future of the mineral industry.
