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Greenland Minerals Confirms a Substantial New Rare Earth Element-Uranium Deposit
Feb. 17, 2011 01:25PM PST
Rare Earth InvestingGreenland Minerals and Energy Limited (ASX:GGG) reports drill intercepts that confirm the discovery of a second substantial deposit of rare earth elements, uranium, and zinc in the northern Ilimaussaq Complex, in Greenland.
Greenland Minerals and Energy Limited (ASX:GGG) reports drill intercepts that confirm the discovery of a second substantial deposit of rare earth elements, uranium, and zinc in the northern Ilimaussaq Complex, in Greenland.
The press release is quoted as saying:
The resources of the northern Ilimaussaq complex are both extensive and unique, and offer the potential to produce both a light and heavy rare earth product, uranium and zinc concentrates, fluoride compounds and a zirconium product. GMEL’s base-case scenario evaluates an operation to produce a rare earth concentrate, and a uranium oxide product.