European Lithium (ASX: EUR) Announces Maiden Drill Results
European Lithium Reports High-Grade Drill Results
European Lithium Ltd (ASX: EUR) has released promising first drill results from its Tanbreez Project in Greenland. This project, in which European Lithium holds a 7.5% interest, demonstrates significant potential for rare-earth and rare metal elements.
Drill Program Overview
The confirmation drilling program, completed in September-October 2024, involved sixteen diamond drill holes. Initial results from the first hole indicate a substantial 40-meter-wide intersection of high-grade rare-earth oxide, averaging 4,722.51 ppm TREO. This includes notable yields of 26.96% heavy rare earth elements, 1.82% zircon oxide, and significant levels of tantalum and niobium pentoxide.
Significance of Results
Tony Sage, Executive Chairman of European Lithium, expressed enthusiasm about the initial drill hole findings. He stated, “I am pleased to report the outstanding assay results from the first hole confirming the high-grade, high-tonnage and high-quality potential that Tanbreez brings to EUR and Critical Metals Corp.” He highlighted the project’s promise, citing strong ratios of light and heavy rare earth elements alongside tantalum and niobium results.
Future Potential
The geological context of the Tanbreez Project supports future exploration and resource definition, as the Ilimaussaq intrusive complex is noted for its extensive size and mineralisation depth.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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