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Osmond Resources Intersects Heavy Mineral-Prospective Formation From Step-Out Drilling at Spain Project, Shares Up 4%

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Osmond Resources (ASX:OSM) said the first step-out drill hole in the Southern block at the Orión EU rare earth, titanium, and zirconium project in Spain intersected the heavy mineral-prospective Pochico formation, a siliciclastic geological system, according to a Monday Australian bourse filing.

The drill hole was located 1.25 kilometers from earlier discovery drill holes, which intersected a primary high-grade heavy mineral seam.

Its shares rose 4% in recent trading on Monday.

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