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
The mineralisation at Zone 2 has strong lithological and geochemical similarities to the mineralisation at Kvanefjeld. The host rock, lujavrite, occurs as a thick, flat lying horizon surrounded mostly by naujaite. The higher grade mineralisation is located closer to surface and grade slowly diminishes with growing depth. The mineralisation at Zone 2 has a more pronounced, higher‐grade upper layer than Kvanefjeld, which can be largely attributed to the preservation of the entire mineralized section.
Importantly, it confirms the presence of multiple significant deposits within the broader northern Ilimaussaq project area.
Click here to read the Greenland Minerals (ASX:GGG) press release
Click here to see the Greenland Minerals (ASX:GGG) profile.