6th Jul 2022 20:10
GreenRoc Mining PLC - miner focused mineral projects in Greenland - Says phase 2 drilling campaign has started at the Amitsoq graphite project in southern Greenland. Says Summer/autumn field work programme due to commence at Thule Black Sands Ilmenite Project in north-west Greenland during third quarter of 2022 with the objective of fast-tracking TBS to mine development. Says assay results from the 249-hole 2021 drilling campaign at TBS are expected in early August.
Chief Executive Officer Stefan Bernstein said: "Fast tracking TBS and our other flagship project, Amitsoq, towards development status is a key objective for the Company this year. Accordingly, alongside the progress at TBS I am delighted to confirm that our field team has now commenced phase two drilling at Amitsoq. Our objective by the end of this summer is for Amitsoq to join TBS in having had the bulk of exploration activities completed so that we can focus thereafter on completing the regulatory and scoping studies which will enable exploitation licences to be applied for at both assets."
Current stock price: 5.60 pence
12-month change: down 43%
By Arvind Bhunjun; [email protected]
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