NEWS ROUNDUP — High-grade gold found in Greenland

A number of gold-bearing quartz veins have been discovered in South Greenland by Nunaoil, an exploration company owned 50% by the Danish government and 50% by Greenland’s Home Rule government.

The largest vein, called the Main vein, is 0.05-1.66 metres thick, carries grades ranging from two grams to 235.3 grams gold per tonne, and has been traced over a strike length of 800 metres within a sequence of fine- to medium-grained mafic rocks.

Smaller veinlets carrying up to 87.4 grams gold occur in the hangingwall and footwall of the main vein. The prospect lies 35 km northeast of Nanortalik. During its 1992 program, Nunaoil mapped and sampled all eight of its exploration licences in Greenland. Vein-hosted gold was the main target but stratiform zinc-copper occurrences and industrial mineral deposits were also investigated. Detailed exploration will commence next year.

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