Bastion Minerals Ltd (ASX: BMO) has provided an update on its activities in Sweden, where the company holds the highly prospective high-grade copper (Cu) and rare earth elements (REE) Gyttorp Project and eight additional properties along the REE line.
Following granting of the additional properties earlier this year, Bastion has undertaken reconnaissance sampling and pXRF analyses of REE and copper mineralization. Initial evaluation has shown that magnetite skarn is developed in calcareous horizons.
Executive chairman, Mr Ross Landles, said, “The REE mineralization in the newly granted properties is of the same skarn style as at Gyttorp, with similar high-grade results. Given the extensive property holding along the REE Line, we will continue to conduct sampling and mapping across the properties, in order to establish the areas with the highest REE and Cu grades and the greatest thickness and length of mineralization. This will allow us to rank the project areas and decide which is the highest priority for drilling.”
Up to 18.5% total rare earth elements plus yttrium (TREE+Y) and up to 24% copper in pXRF analyses associated with magnetite skarns, similar to Gyttorp (which are indicative of mineralization, but represent analysis of only small volumes of rock).
Bastion is using the same approach on the newly granted properties located further north along the REE line. These properties contain similar style REE and copper mineralization to that at Gyttorp. Reconnaissance sampling was completed in October using a portable XRF. Assay results are expected during November from this initial rock chip sampling and mapping.
To find out more, please visit www.bastionminerals.com
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