Mining company reports promising gold drilling

07 April 2022

According to AEX Gold, the company’s drilling in 2021 has shown promising results.

(Archive Photo) AEX Gold

In 2021, the Canadian mining company AEX Gold has continued its exploration for gold in Nalunaq in South Greenland.

2021 has seen the most successful drilling so far, the company writes in a press release:

The highest value is 139 g of gold per tonne of rock, while the average quality for an underground mine is 4-6 g/h.

The exploration drilling took place in the Nalunaq area of South Greenland, and the drilling program included 51 boreholes. 27 of the boreholes have thus crossed gold – a result that far exceeds the company’s expectations, writes the company.

The company’s director states that the results are very satisfactory and that the company has found evidence of additional gold resources using a certain method:

“Our success rate in crossing the main artery continues to increase, and now we have confirmed the existence of a whole new high-quality zone. The confirmation of the company’s structural model (a certain way of searching for gold, ed.) opens up the possibility of further resource finds in Nalunaq.

“We look forward to delivering our 2021 regional exploration results over the next few months, providing the market with our work plan for 2022,” said Eldur Ólafsson, CEO of AEX.

Among the investors in AEX Gold are the Government of Greenland via Greenland Venture, the Danish Growth Fund and the pension fund SISA.

This article has been translated from Danish.

The original article can be found on the Sermatsiaq news website.