Set To Commence Drilling Campaign In Greenland
AEX Gold Inc.’s (AIM: AEXG; TSXV: AEX) team of geologists and drilling engineers have arrived on site in preparation for an exploration drilling campaign at its Nalunaq property in South Greenland.
The planned work will further develop the company’s understanding of the area to the south west of the deposit, thought to be a parallel structure, and known as Valley Block.
This area has previously demonstrated good continuity of the Main Vein through extensive drilling between 2017-2020 and returned high-grade gold intersections.
A further programme of additional exploration over the wider portfolio is also scheduled for the current year. This will focus on nine targets, of which three are potentially large gold prospects.
The remaining six targets are expected to be highly prospective for other strategic minerals including: copper, zinc, silver, iron oxide, copper/gold, are earths, graphite and PGMs.
“After the disruption to our activities due to COVID-19, it is very exciting to now see meaningful progress on site at Nalunaq. We are very confident that the work being undertaken will demonstrate significant gold potential in the Valley Block area,” CEO, Eldur Olafsson, said.
“We are also very excited to be accelerating our wider exploration programme. We have the premier land package in South Greenland and expect to benefit strongly from the increasing global demand for strategic minerals. We look forward to updating shareholders regularly as our programme progresses.”
