Metals

Canadian miner reports positive results on South Greenland gold licence

CBCIE Time:May 10, 2022 10:36 Source:miningmetalnews

Canada’s AEX Gold has announce the results of the com-pany’s 2021 exploration campaign across the Vagar licence in South Greenland. 

“The exploration results more than double the Vagar Ridge footprint, confirming its potential to be a multi-million ounce prospect. As a re-sult of the 2021 exploration results, AEX believes that Vagar Ridge may host up to four Orogenic gold veins with new rock chip samples giving up to 86.7 g/t gold,” the Toronto-based business said in a state-ment. 

“The 2021 program comprised Mineral System Modelling, high reso-lution airborne geophysics, surface hyperspectral imagery and recon-naissance sampling designed to assess, define and prepare a num-ber of key targets for more substantial exploration into 2022,” accord-ing to the miner. 

AEX Gold says it owns a land package of gold and strategic mineral assets covering an area of some 4,090 square kilometres in Southern Greenland.

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