Granted Increase To Anoritooq Mineral Exploration Licence
AEX Gold Inc. (AIM:AEXG; TSXV:AEX) has been granted an increase to Mineral Exploration Licence 2020-36 “Anoritooq” by the Mineral Licence and Safety Authority (MLSA). The amended licence covers 1,889 sq. km in South Greenland and is considered prospective for gold, with similarities to AEX’s Vagar licence.
CEO, Eldur Olafsson, said the newly granted area is underexplored but with similar geology to AEX’s neighbouring Vagar licence. Several historic stream sediment and heavy mineral concentrate gold anomalies indicate the potential for further discoveries
AEX’s licence holdings in South Greenland now total 3,870 sq. kmand the new area is included in a regional prospectivity assessment being conducted by GoldSpot Discoveries Corp.
“I am very pleased to be able to announce this expansion of the Anoritooq licence,” Mr Olafsson said.”
Early indications are that Anoritooq shows very similar geography to our Vagar licence, one of the most exciting exploration targets in our current portfolio with numerous high-grade discoveries, including an historic grab sample grading 2533 g/t gold. This region will be the focus of our exploration efforts next year.
“AEX continues to plan exploration programmes for 2021 on all its exploration licences and the Corporation is looking forward to providing further updates.”
