The Conversation (0)
Greenland Minerals (ASX:GGG) announced results of the 2011 drilling at Zone 2 on the northern Ilimaussaq complex. Results continue to deliver broad, high‐grade intercepts of REE‐uranium mineralisation — clearly shaping up as a significant deposit, and is anticipated to lead to a substantial increase in the project’s overall resource base.
As quoted in the press release:
Significant 2011 Zone 2 Intercepts Include:
- S018 66m @ 474ppm U3O8, 1.55% TREO, 0.34% Zn
- S019 60m @ 486ppm U3O8, 1.15% TREO, 0.34% Zn
- S016 65m @ 417ppm U3O8, 1.36% TREO, 0.33% Zn
- S020 52m @ 452ppm U3O8, 1.49% TREO, 0.33% Zn
- S013 45m @ 443ppm U3O8, 1.70% TREO, 0.35% Zn
- S015 39m @ 449ppm U3O8, 1.29% TREO, 0.37% Zn
- Intercepts continue to delineate a thick, high‐grade upper lens that remains open to the north
- Drill hole array now covers an area of 500 x 800m, with all holes intersecting mineralisation
- Drill results follow the recent introduction of a uranium licensing framework for the Kvanefjeld
- project (inclusive of new deposits)
- Results of the 2011 drilling at ‘Zone 3’ are anticipated in the coming weeks
- Initial JORC‐code compliant resources estimates for Zones 2 and 3 scheduled for Q1 2012
Click here to read the Greenland Minerals (ASX:GGG) press release
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