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Greenland Minerals Intercepts Third Multi‐Element Deposit

Investing News Network
Mar. 27, 2012 09:39AM PST
Rare Earth Investing

A third significant multi‐element deposit was intercepted in Greenland Minerals’ (ASX:GGG) Zone 3 on the northern Ilimaussaq Complex. The drill results will form the basis of an initial mineral resource estimate for Zone 3, anticipated in the coming weeks.

A third significant multi‐element deposit was intercepted in Greenland Minerals’ (ASX:GGG) Zone 3 on the northern Ilimaussaq Complex. The drill results will form the basis of an initial mineral resource estimate for Zone 3, anticipated in the coming weeks.

Significant 2011 Zone 3 Intercepts Include:

  • N023   101m   @ 435ppm U3O8,  1.56% TREO,  0.30% Zn
  • N009    68m   @ 410ppm U3O8,  1.35% TREO,  0.31% Zn
  • N011   67m   @ 401ppm U3O8,  1.49% TREO,  0.38% Zn
  • N016    81m   @ 308ppm U3O8,  1.20% TREO,  0.35% Zn
  • N007    71m   @ 350ppm U3O8,  1.10% TREO,  0.26% Zn
  • N010    44m   @ 447ppm U3O8,  1.46% TREO,  0.31% Zn
  • N021 46m   @ 420ppm U3O8,  1.44% TREO,  0.27% Zn

Zone 3 intercepts firm up a third significant multi‐element deposit within the project area
The grade and continuity of multi‐element intercepts support the aim of adding more resource tonnes at the upper end of the grade range
Mineralisation at Zone 3 outcrops extensively, with higher grade portions near surface
Zone 3 mineralisation hosted by lujavrite, and is consistent with that at Kvanefjeld and Zone 2

Click here to read the Greenland Minerals (ASX:GGG) press release
Click here to see the Greenland Minerals (ASX:GGG) profile.

asx-ggg drill-results
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