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Additional Information
Market: ASX
Sector: General Mining
EPIC: GGG
Latest Price: 0.57  (0,00%)
52-week High: 1.38
52-week Low: 0.43
Market Cap: 231.48M
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Greenland Minerals and Energy
www.ggg.gl

Greenland Minerals and Energy Ltd, is a mineral exploration and development company, focused on unlocking the mineral riches of Greenland, one of the world’s last natural resource frontiers. Our aim is simple; to identify large mineral deposits with the potential to underpin long term, economically robust mining operations. This is achieved through technically-focused exploration, aggressive resource development programs, and a strong understanding of the fundamentals that drive the business of mineral exploration and development globally.

Our flagship project is Kvanefjeld, a multi-element deposit located near the southwest tip of Greenland. Through focused exploration, Kvanefjeld is rapidly growing to become one to the world’s largest undeveloped deposits of rare earth elements, uranium and naturally occurring sodium fluoride, commodities with long term forecasts for strong demand increases.

Full Greenland Minerals and Energy profile here
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New discovery for Greenland Minerals and Energy at Kvanefjeld

29th Jul 2010, 9:26 am

Currently undertaking diamond core drilling for exploration in Greenland on the northern Ilimaussaq complex of Kvanefjeld, Greenland Minerals and Energy (ASX: GGG) has uncovered a new discovery.

Exploration drilling has confirmed the discovery of a large zone of lujavrite 6km south of Kvanefjeld (lujavrite is the host‐rock to multi‐element resources at Kvanefjeld).  Drilling to‐date has intersected extensive lujavrite across a strike length of more than 1km. 

Seven drill holes have now been completed at Zone 2 confirming the presence of a large new zone of black lujavrite; the dominant ore‐type at Kvanefjeld. In contrast to Kvanefjeld where the uppermost lujavrites have been unroofed by glaciation, Zone 2 preserves a full section.

Layers of lujavrite are sub‐horizontal and commonly >50m in thickness with some layers >100m thickness. Medium‐coarse  lujavrite; known to contain high multi‐element grades at Kvanefjeld, were intercepted at depth.

A total of 8000m of core has been drilled to‐date, with approximately 3000m remaining to be drilled at the new discovery termed Zone 2.

Samples will be shipped from Greenland at the completion of the 2010 field season, and assay results are expected in the fourth quarter of 2010.

The planned infill drilling on Kvanefjeld plateau is now complete, and both diamond rigs are now drilling on Zone 2, located 6km to the south.

Approximately 3000m remain to be drilled on Zone 2. The drill program will conclude in mid-August.

 

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