14th Jun 2022 12:29
AEX Gold Inc - Toronto-based Greenland-focused gold mining company - Returns up to 16.95 grammes of gold per tonne at one of its newly identified zones at its Nanoq gold project in South Greenland. "Infill sampling returned up to 5.65 grammes of gold per tonne, confirming its potential to host economic resources," it adds.
"In a world where much of the prospective ground has seen decades of extensive exploration, this situation is rare," comments Chief Executive Officer Eldur Olafsson. "Our geological teams have now fully mobilised in Southern Greenland and have commenced the planned 2022 activities at Nalunaq as well as the first drilling activities at our Sava iron oxide copper-gold target, with drilling scheduled at Vagar Ridge in the coming month," he adds.
Company has a land package of gold & strategic mineral assets of around 2,940 square miles in Southern Greenland.
Current stock price: 44.54 pence, up 0.7% in London
12-month change: up 41%
By Tom Budszus; [email protected]
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