European Green Transition kicks of drilling at Olserum REE project in Sweden

Proactive - Interviews for investors

European Green Transition PLC (AIM:EGT) CEO Aiden Lavelle joined Proactive's Stephen Gunnion with details of the start of the drill program at the Olserum rare earth elements (REE) project in Sweden. Lavelle shared the excitement around the rig arriving on site and the commencement of drilling at the Djupedal prospect, located two kilometres northwest of the Olserum resource. The planned 1,500-meter, low-cost drill program will focus on new targets developed over the past year, specifically at Djupedal and Olserum West. Lavelle explained, "Over the past year, we've done a lot of mapping, rock sampling, and ground magnetic surveys that have defined these targets. Most are outcropping targets with mineralisation, making them relatively low-risk." Additionally, he highlighted that high-grade samples from the Djupedal dumps, with results ranging from 4% to 20.45% total rare oxide, have been promising. This drilling aims to validate targets, intersect mineralisation, and showcase the district-scale potential of the Olserum REE project, which is crucial for future monetisation. Lavelle added, "Intersecting mineralisation in core will expand the potential of the Olserum rare earth system and demonstrate the district-scale system we believe exists." For more insights and updates from European Green Transition PLC, visit Proactive's YouTube channel, give the video a like, subscribe to the channel, and enable notifications for future content. #EuropeanGreenTransition #OlserumREEProject #AidenLavelle #DrillProgram #RareEarthElements #MiningNews #ProactiveInvestors #ExplorationDrilling #SustainableMining #mineralexploration #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews