Gyttorp REE Project
The Gyttorp nr 100 Project has a highly prospective tenure package covering 115 km2 of prospective Rare Earth Element (REE).
The exploration tenure is located near Gyttorp in the Bergslagen district of Sweden, 180 km west of Stockholm. Sweden is the home of Europe’s largest REE discovery in the Kiruna area. The Project is located on the southern end of a belt of iron and REE-enriched skarns, more than 100 kilometre long, known locally as the “REE-line” hosting Bastnäs type REE mineralisation.
Various studies by the Swedish Geological Survey and Universities confirmed that iron skarns with REE mineralisation also contain zones of high-grade copper and other elements, such as elevated concentrations of rare metals Gallium and Germanium. These are niche elements with a variety of high-tech uses. Detailed metallurgical evaluation would be required to confirm they could be economically extracted as a by-product from this style of mineralisation. Importantly, these elements are currently subject to an export ban by China.
Historic rock chip sampling was undertaken in 2017-2018 by the Geological Survey of Sweden (SGU) at several mineralised localities within the “REE-line”. The data was reported in 2020 and results are available on the SGU website www.sgu.se/en.
Within Bastion’s Gyttorp Project there are 50 samples which have comprehensive REE analyses and of those, nine returned highly anomalous grades of over 1000ppm TREO.
Planned Activities
The Company plans to undertake systematic geochemical sampling of known mineral occurrences within the permit in conjunction with reconnaissance geological mapping. Existing airborne geophysical magnetic surveys will be used to help define prospective regions.
