Ragnar Metals Limited (ASX: RAG) has announced assay results of its first field reconnaissance programme at the recently acquired Gruvhagen Project, Sweden.
Executive director, Eddie King, commented, “We are delighted to announce early confirmation of significant NdPr and gallium mineralization over the potential 700m strike. We continue to be impressed with the potential for critical minerals on our projects in Sweden, and we look forward to continuing our exploration programme following this compelling result from Gruvhagen.”
During the programme a geologist of Bergskraft Bergslagen was contracted by Ragnar to conduct an initial field visit to the project to relocate the historic REE occurrences and conduct full-suite multi-element assays. This work aimed to identify the metal assemblage and mineralization style and establish the potential scale and strike potential to focus future exploration efforts. 17 rock samples were taken, of which 16 were submitted to the laboratory and assays received.
A small digging was identified at the Morkens prospect, where highly altered rocks with visible pyrite-chalcopyrite mineralization were observed in the waste pile. 5 rock samples were taken for assays with encouraging results. Highlights include:
• 19.7% TREO (31% NdPr), 169g/t gallium, 0.8% copper, and 490ppm cobalt in sample 23GRUGS013
• 2.3% TREO (31% NdPr), 0.4% copper, and 515ppm cobalt in sample 23GRUGS016
• 1.3% TREO (32% NdPr), 0.3% copper, and 394ppm cobalt in sample 23GRUGS017
Sampling 270m to the east of Morkens revealed a new area of highly elevated REO-gallium assays up to 0.34% TREE (24% NdPr), and 33g/t gallium which has been named Morkens East.
Additionally, the historical REE mineralization previously identified at the Gruvhagen project has yet to be located in the field. However, it has now been established that historical assays returned high-grade gallium with up to 369g/t Ga associated with 3.7% TREE at the Morkens prospect. The rock assays at all three prospects support the interpretation that REE-gallium mineralization extends for at least a 700m strike.
To find out more, please visit www.regnarmetals.com.au
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