Greenland Minerals: June 2011 Quarterly Report

Greenland Minerals and Energy Ltd (OTCQX:GDLNF,ASX:GGG) reports on its June 2011 quarterly report.

The press release is quoted as saying:

Highlights
? Technical work programs yielding major breakthroughs on
Kvanefjeld multi?element project
? Significant improvements in mineral beneficiation, rare earth
recoveries and mine schedule set to enhance efficiency and
reduce capital and operating costs
? Further technical advances anticipated in the coming months
? 2011 drill program commences in Greenland:
? Program aimed to generate data for initial multi?element
resource estimations at Zones 2 and 3
? 7500 m of diamond drill core drilled to date, thick intercepts
of black lujavrite (host rock to mineralisation) continue
? Successful ‘open day’ held in Qaqortoq, south Greenland’s
largest town, as part of ongoing stakeholder engagement
program
? Majority of outstanding options exercised prior to June 30
expiry date; lifts Company’s cash position to approximately
$24,780,000 (AUD)

Click here to access the entire news release.

Click here to access Greenland Minerals’ company profile.(OTCQX:GDLNF,ASX:GGG)