Zone 2 Rare Earth‐Uranium Deposit Extended with Broad Drill Intercepts

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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