Greenland Minerals Confirms a Substantial New Rare Earth Element-Uranium Deposit

- February 17th, 2011

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.

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.

Click here to access the entire press release.

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