Kvanefjeld Project Drilling Update: 2011 Program Aiming to Define Initial Resources at Zones 2 and 3

Greenland Minerals and Energy Limited (OTCQX:GDLNF,ASX:GGG) reports an update on the 2011 drill program that is currently underway on the Kvanefjeld multi-element project, Greenland.

The press release is quoted as saying:

 A major focus for the current program is to generate sufficient data to establish initial resource estimates on Zones 2 and 3, both located within the broader northern Ilimaussaq project area (Figure 1). These both represent satellite deposits to Kvanefjeld, where a 619 Mt JORC-code compliant resource has been defined that contains 6.6 Mt total rare earth oxides (TREO), 350 Mlbs U3O8, and 3 Blbs Zn.

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