Greenland Minerals and Energy Ltd.

Published : December 17th, 2014

Assay of Historic Drill Cores at Kvanefjeld Return High-Grade Near Surface Intercepts

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

Assay of Historic Drill Cores at Kvanefjeld Return High-Grade Near Surface Intercepts

Microsoft Word - Historic Core Assay Results

Company Announcement, December 17th, 2014

ASX: GGG

Assay of Historic Drill Cores at Kvanefjeld Return High‐Grade Near

Surface Intercepts

Greenland Minerals and Energy Limited ('GMEL' or 'the Company') is pleased to release the results of an assay program on cores drilled historically into the Kvanefjeld rare earth - uranium deposit. The program was undertaken to increase the density of multi‐element geochemical data at Kvanefjeld, prior to SRK Consulting updating the mineral resource estimate.

The cores were drilled historically by Danish research agencies, and were analysed spectrally for uranium and thorium content at that time, but had not been subject to chemical assay to generate multi‐element data. The drill cores were re‐logged by GMEL, and sampled in accordance with the methodology that the Company has used on the Kvanefjeld project.

The assay results are consistent with, and confirm, what is now expected from the lujavrites; the rock‐type that hosts the Kvanefjeld, Sørensen and Zone 3 rare earth and uranium deposits. There were sixteen drill cores studied that ranged from 70 - 200m in length, with multiple rare earth and uranium mineralised intercepts returned from each hole. Selected intercepts are listed below. A full list of intercepts is presented in Table 1.

K030 - 28m @ 597ppm U3O8, 1.6% TREO, 0.28% Zn K015 - 15m @ 535ppm U3O8, 1.3% TREO, 0.23% Zn K042 - 36m @ 515ppm U3O8, 1.6% TREO, 0.30% Zn K065 - 33m @ 506ppm U3O8, 1.6% TREO, 0.28% Zn K021 - 17m @ 505ppm U3O8, 1.4% TREO, 0.22% Zn K015 - 23m @ 495ppm U3O8, 1.5% TREO, 0.23% Zn K017 ‐ 27m @ 479ppm U3O8, 1.7% TREO, 0.08% Zn K062 - 85m @ 420ppm U3O8, 1.1% TREO, 0.27% Zn K058 - 48m @ 420ppm U3O8, 1.4% TREO, 0.27% Zn

Dr John Mair, Managing Director commented:

"The assay results from the historical cores have produced some excellent rare earth and uranium intercepts, as we would expect from drill holes located within the Kvanefjeld resource shell. The strong continuity of mineralisation is testament to the quality of the Kvanefjeld deposit. The new geochemical data will be an important contribution to updating the mineral resource estimate, which is scheduled to be finalised in early 2015."


Figure 1. Overview of the Kvanefjeld plateau highlighting the location of exploratory drill holes. The recently studied historic drill holes are highlighted in pink and labelled. The results are presented on cross sections below.

Figure 2. Cross section (XS1) highlighting drill intercepts. See Figure 1 for the cross section location, and Table

1 for the intercept details for each hole. Drill traces that are depicted in greyscale represent previously assayed holes, with the thicker portions representing intercepts >250ppm U3O8. The section includes holes located within 100m either side of the section line.

Figure 3. Cross section (XS2) highlighting drill intercepts. See Figure 1 for the cross section location, and Table

1 for the intercept details for each hole. Drill traces that are depicted in greyscale represent previously assayed holes, with the thicker portions representing intercepts >250ppm U3O8. This section includes holes located within 200m either side of the section line.

Table 1. Intercepts of rare earth - uranium - zinc mineralisation from the recently assayed historic drill holes. The intercepts were calculated at a 250ppm U3O8 cut‐off, with a maximum internal waste of 2m, and a minimum intercept of 5m. TREO includes all elements in the lanthanide series plus yttrium, as oxides.

Hole_ID m From m To m Interval U3O8 ppm TREO ppm Zn ppm

K006

46

61

15

535

12559

1113

K006

64

77

13

502

15562

1235

K006

82

87

5

461

15343

1375

K006

27

44

17

371

8780

1617

K015

23

41

18

534

10504

2314

K015

66

89

23

495

14805

2347

K015

42

57

15

403

14408

2912

K017

83

110

27

479

16862

864

K017

38

69

31

379

14702

2920

K020

33

44

11

579

11342

2095

K020

56

61

5

415

14767

1778

K020

83

99

16

385

12890

2164

K020

3

20

17

374

14564

3788

K020

21

30

9

352

12004

4396

K021

85

102

17

506

13825

2232

K021

60

82

22

442

11111

2713

Hole_ID

m From

m To

m Interval

U3O8 ppm

TREO ppm

Zn ppm

K021

39

59

20

439

9916

1983

K021

104

118

14

336

14125

2325

K027

22

28

6

516

15761

1175

K027

30

37

7

461

15308

1003

K027

8

18

10

405

13651

1731

K027

42

67

25

397

16207

3124

K030

3

31

28

597

15788

2795

K030

32

47

15

341

12184

3193

K031

26

49

23

501

11821

1891

K031

59

92

33

431

12780

2278

K042

100

107

7

661

18874

2591

K042

55

91

36

515

16256

3076

K042

1

10

9

514

13835

2237

K042

146

155

9

427

13215

3187

K042

16

38

22

317

10412

3248

K050

64

85

21

370

9329

2056

K050

2

63

61

353

10448

2397

K050

88

105

17

296

12956

3427

K055

20

47

27

354

10692

2535

K055

48

68

20

333

7738

2012

K055

4

9

5

325

9642

2599

K057

66

72

6

565

16930

2973

K057

75

161

86

386

11545

2516

K057

166

173

7

264

9250

2128

K058

65

113

48

420

13742

2676

K058

114

171

57

336

9418

2303

K061

10

43

33

506

16304

2784

K061

65

76

11

460

14483

2253

K061

77

99

22

459

15811

2634

K062

18

103

85

420

11432

2696

K062

122

136

14

341

12948

3698

K062

194

201

7

281

6600

1470

K065

9

79

70

382

11322

2574

K065

90

100

10

262

9667

2342

Table 2. The locations, orientations, and depths of the drill holes for which geochemical data is reported in this announcement.

Hole_ID Depth Orig_Grid_ID Easting Northing RL_MSL Dip Azimuth

K006

117.8

WGS84_23N

446177.89

6760150.28

636.5

‐90

0

K015

92.5

WGS84_23N

446131.26

6760103.62

635.6

‐90

0

K017

118.7

WGS84_23N

446292.87

6760212.10

657.9

‐90

0

K020

100.6

WGS84_23N

446128.74

6760045.14

632.5

‐90

0

Hole_ID

Depth

Orig_Grid_ID

Easting

Northing

RL_MSL

Dip

Azimuth

K021

121.6

WGS84_23N

446264.20

6760154.41

648.6

‐90

0

K027

70.2

WGS84_23N

446052.42

6759944.24

615.6

‐90

0

K030

76.6

WGS84_23N

446087.16

6760066.18

626.0

‐90

0

K031

98.9

WGS84_23N

446223.59

6760089.11

629.9

‐90

0

K042

167.6

WGS84_23N

446244.14

6760340.96

665.5

‐70

290

K050

200.6

WGS84_23N

446133.01

6760786.40

623.4

‐90

0

K055

199.9

WGS84_23N

446246.89

6760882.30

620.8

‐90

0

K057

200.7

WGS84_23N

446261.52

6760704.46

613.5

‐90

0

K058

200.6

WGS84_23N

446183.45

6760577.17

606.7

‐90

0

K061

200.3

WGS84_23N

446106.56

6760454.36

590.8

‐90

0

K062

201.3

WGS84_23N

445906.28

6760434.03

558.5

‐90

0

K065

199.6

WGS84_23N

446049.33

6760581.19

568.1

‐90

0

The Kvanefjeld deposit is one of three lujavrite‐hosted rare earth element, uranium and zinc deposits within the northern Ilimaussaq Complex, located in southern Greenland near the town of Narsaq. The deposits are out‐cropping, or near‐surface portions of a layer of lujavrite that occurs throughout the northern Ilimaussaq Complex at varying depth. A prefeasibility study that evaluated a multi‐element mining operation was released in 2012, and a Feasibility Study is scheduled for completion in Q1 2015.

After the discovery of Kvanefjeld by regional radiometric reconnaissance in the early 1950's, several programs of Diamond core drilling were conducted between 1958 and 1977 by Danish and Greenlandic Authorities that culminated in a feasibility study into the extraction of uranium. This Diamond core represented an important exploration dataset and access to the cores was provided by RISO (Danish Atomic Energy Commission). The cores were subsequently processed at GMEL's operations base in Narsaq, south Greenland.

The new geochemical data produced from the assay of historic cores serves to further increase the density of data for the purpose of updating the mineral resource estimate. The resource estimate update is aiming to establish initial 'measured' category resources at the Kvanefjeld deposit. The last JORC‐code compliant mineral resource estimate produced for the overall Kvanefjeld project was conducted in 2011. The updated mineral resource estimate will be compliant with the JORC‐code (2012) reporting requirements.

The new resource model will then be used for producing an updated mine schedule, which will determine the size and duration of the development of the open cut mine so that the required tonnage of ore can be delivered to the concentrator. This represents an important part of the Feasibility Study to further enhance the economics of the Kvanefjeld project.

ENDS

ABOUT GREENLAND MINERALS AND ENERGY LTD.

Greenland Minerals and Energy Ltd (ASX - GGG) is an exploration and development company focused on developing high‐quality mineral projects in Greenland. The Company's flagship project is the Kvanefjeld multi‐ element deposit (Rare Earth Elements, Uranium, Zinc), that is rapidly emerging as a premier specialty metals project. A comprehensive pre‐feasibility study has demonstrated the potential for a large‐scale, cost‐ competitive, multi‐element mining operation. The Company is focussed on completing a comprehensive mining license application in order to commence project permitting. For further information on Greenland

Minerals and Energy visit http://www.ggg.gl or contact:

Dr John Mair

David Tasker

Christian Olesen

Managing Director

Professional PR

Rostra Communication

+61 8 9382 2322

+61 8 9388 0944

+45 3336 0429

Greenland Minerals and Energy Ltd will continue to advance the Kvanefjeld project in a manner that is in accord with both Greenlandic Government and local community expectations, and looks forward to being part of continued stakeholder discussions on the social and economic benefits associated with the development of the Kvanefjeld Project.

The information in this report that relates to exploration targets, exploration results, geological interpretations, appropriateness of cut‐off grades, and reasonable expectation of potential viability of quoted rare earth element, uranium, and zinc resources is based on information compiled by Mr Jeremy Whybrow. Mr Whybrow is a director of the Company and a Member of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr Whybrow has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined by the

2004 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Whybrow consents to the reporting of this information in the form and context in which it appears.

The geological model and geostatistical estimation for the Kvanefjeld, Sorensen and Zone 3 deposits were prepared by Robin Simpson of SRK Consulting. Mr Simpson is a Member of the Australian Institute of Geoscientists (AIG), and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined by the 2004 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Simpson consents to the reporting of information relating to the geological model and geostatistical estimation in the form and context in which it appears.

This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.

Statement of Identified Mineral Resources, Kvanefjeld Multi‐Element Project (Independently Prepared by SRK Consulting)

Multi‐Element Resources Classification, Tonnage and Grade

Contained Metal

Cut‐off

Classification M tonnes TREO2 U3O8 LREO HREO

REO

Y2O3

Zn

TREO

HREO Y2O3

U3O8

Zn


(U O ppm)1

Kvanefjeld ‐ March 2011

Mt ppm ppm ppm ppm ppm ppm ppm Mt Mt Mt M lbs Mt
150 Indicated 437 10929 274 9626 402 10029 900 2212 4.77 0.18 0.39 263 0.97
150 Inferred 182 9763 216 8630 356 8986 776 2134 1.78 0.06 0.14 86 0.39
150 Grand Total 619 10585 257 9333 389 9721 864 2189 6.55 0.24 0.53 350 1.36
200 Indicated 291 11849 325 10452 419 10871 978 2343 3.45 0.12 0.28 208 0.68
200 Inferred 79 11086 275 9932 343 10275 811 2478 0.88 0.03 0.06 48 0.20
200 Grand Total 370 11686 314 10341 403 10743 942 2372 4.32 0.15 0.35 256 0.88
250 Indicated 231 12429 352 10950 443 11389 1041 2363 2.84 0.10 0.24 178 0.55
250 Inferred 41 12204 324 10929 366 11319 886 2598 0.46 0.02 0.03 29 0.11
250 Grand Total 272 12395 347 10947 431 11378 1017 2398 3.33 0.12 0.27 208 0.65
300 Indicated 177 13013 374 11437 469 11906 1107 2414 2.30 0.08 0.20 146 0.43
300 Inferred 24 13120 362 11763 396 12158 962 2671 0.31 0.01 0.02 19 0.06
300 Grand Total 200 13025 373 11475 460 11935 1090 2444 2.61 0.09 0.22 164 0.49
350 Indicated 111 13735 404 12040 503 12543 1192 2487 1.52 0.06 0.13 98 0.27
350 Inferred 12 13729 403 12239 436 12675 1054 2826 0.16 0.01 0.01 10 0.03
350 Grand Total 122 13735 404 12059 497 12556 1179 2519 1.68 0.06 0.14 108 0.31

Sørensen ‐ March 2012

150 Inferred 242 11022 304 9729 398 10127 895 2602 2.67 0.10 0.22 162 0.63
200 Inferred 186 11554 344 10223 399 10622 932 2802 2.15 0.07 0.17 141 0.52
250 Inferred 148 11847 375 10480 407 10887 961 2932 1.75 0.06 0.14 123 0.43
300 Inferred 119 12068 400 10671 414 11084 983 3023 1.44 0.05 0.12 105 0.36
350 Inferred 92 12393 422 10967 422 11389 1004 3080 1.14 0.04 0.09 85 0.28

Zone 3 ‐ May 2012

150 Inferred 95 11609 300 10242 396 10638 971 2768 1.11 0.04 0.09 63 0.26
200 Inferred 89 11665 310 10276 400 10676 989 2806 1.03 0.04 0.09 60 0.25
250 Inferred 71 11907 330 10471 410 10882 1026 2902 0.84 0.03 0.07 51 0.2
300 Inferred 47 12407 358 10887 433 11319 1087 3008 0.58 0.02 0.05 37 0.14
350 Inferred 24 13048 392 11392 471 11864 1184 3043 0.31 0.01 0.03 21 0.07

Project Total

Cut‐off Classification M tonnes TREO2 U O

LREO HREO REO Y O

Zn TREO HREO Y O U O Zn

3 8 2 3

1

2 3 3 8


(U3O8 ppm)
Mt ppm ppm ppm ppm ppm ppm ppm Mt Mt Mt M lbs Mt
150 Indicated 437 10929 274 9626 402 10029 900 2212 4.77 0.18 0.39 263 0.97
150 Inferred 520 10687 272 9437 383 9820 867 2468 5.55 0.20 0.45 312 1.28

150 Grand Total 956 10798 273 9524 392 9915 882 2351 10.33 0.37 0.84 575 2.25

1There is greater coverage of assays for uranium than other elements owing to historic spectral assays. U3O8 has therefore been used to define the cut‐off grades to maximise the confidence in the resource calculations.

2Total Rare Earth Oxide (TREO) refers to the rare earth elements in the lanthanide series plus yttrium. Note: Figures quoted may not sum due to rounding.

Annexure 1:

The following tables are provided to ensure compliance with the JORC code (2012) edition requirements for the reporting of the exploration results.

Section 1: Sampling Techniques and Data

Criteria

JORC Code explanation

Commentary

Sampling

techniques

Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.

Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

Aspects of the determination of mineralisation that are Material to the Public Report.

In cases where 'industry standard' work has been done this would be relatively simple (eg

'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.

Diamond drilling has been carried out at the Kvanefjeld project on the northern section of the Ilimaussaq complex in south Greenland. Historic drilling by Danish research agencies between the 1950's and late 1970's returned 9,800 m of 46mm diameter core. Drilling by GMEL since 2007 has returned approximately 38,000m of core. Drill hole spacing ranges from 70x70 m to 70x140m over the Kvanefjeld deposit. Locally drill hole spacing is closer to evaluate variation.

Most drill holes are between 200‐300m in depth, with the deepest holes extending to approximately 500m. Samples are taken from logged sections of lujavrite (rock‐type that hosts REE‐U‐Zn mineralization) and their immediate peripheries. These wide, semi horizontal zones can be >200m in thickness with recoveries of generally 100%.

Drill holes are placed in the field by handheld GPS but have been survey by an independent contractor using differential GPS. Samples from drilling by GMEL have primarily been chemically assayed at Genalysis in Perth for rare earth elements, uranium, and zinc, but routinely also for other elements including Li, Be, F, Na, Mg, Al, P, S, K, Ca, Sc, Ti, Mn, Fe, Ga, Rb, Zr, Nb, Mo, Sn, Hf, Ta, Pb and Th. The analytical method used for most samples is a four acid digest followed by ICP‐MS and ICP‐OES assay technique. QAQC procedures include but are not limited to submission of duplicate sub set of samples digested by fusion methods, and 5% of pulps are sent to an umpire laboratory and certified reference materials are routinely added.

Drilling

techniques

Drill type (eg core, reverse circulation, open‐

hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of Diamond tails, face‐sampling bit or other type, whether core is oriented and if so, by what method, etc).

Diamond core drilling; the majority of core drilled at Kvanefjeld had

BQ and NQ diameter, core was not oriented as drill holes were vertical, all recent drill holes for exploration and resource development were down‐hole surveyed utilizing an Auslog deviation tool.

Drill sample

recovery

Method of recording and assessing core and

chip sample recoveries and results assessed.

Measures taken to maximise sample recovery and ensure representative nature of the samples.

Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

Core recoveries were generally around 100% due to the competent

nature of the rocks in the deposit area.

Logging

Whether core and chip samples have been

geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.

Whether logging is qualitative or quantitative

All drill core was geologically logged with a standard protocol; every

lithology documented, and at least once every six metres a point load test was completed and recorded. All core is then

photographed both wet and dry which also shows the zones marked for sampling, the location where point load tests and bulk density tests were completed, and displays the logging of geological

in nature. Core (or costean, channel, etc)

photography.

The total length and percentage of the relevant intersections logged.

domains and RQD's.

Sub‐sampling

techniques and sample preparation

If core, whether cut or sawn and whether

quarter, half or all core taken.

If non‐core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.

For all sample types, the nature, quality and appropriateness of the sample preparation technique.

Quality control procedures adopted for all sub‐sampling stages to maximise representivity of samples.

Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second‐half sampling.

Whether sample sizes are appropriate to the grain size of the material being sampled.

The core was split using a core splitter, as water soluble minerals

made cutting impractical. Samples were bagged, then packed in drums, delivered to Genalysis (Perth) in sealed 20 foot containers. In the Genalysis quarantine section in Perth the samples are removed, sorted and laid out into hole number and sample depth sequence as per the manifest within each barrel. Samples are then placed on trays in metal mobile racks and heated to 40°C for 24 hours in an oven. Samples are then moved to the Sample Preparation Section where:

Each sample is entirely crushed to ‐3mm;

A 1kg sub‐sample is rotary split & Robot pulverised to

A 50gm split is placed in a Kraft envelope and sent for multi‐element analysis;

A new 50gm split is taken from approximately every 10th sample and sent to another laboratory for check analysis;

A second set of 1kg crusher splits comprising approximately every 10th sample is pulverised to ‐

75micron; and

A 50gm split is taken, placed in a Kraft envelope and sent to the original laboratory for multi‐element analysis

Quality of

assay data and

laboratory tests

The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.

Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.

Genalysis was used for primary analysis work with UltraTrace used as an umpire laboratory for the Diamond core samples. The method described above is considered appropriate for the style of mineralisation and as close to a full digest as possible. Extensive test work using both fusion and four acid digestion methods confirms

the suitability of the four acid digest to the Kvanefjeld samples, owing the non‐refractory nature of economic minerals.

QAQC procedures include but are not limited to submission of duplicate fusion samples, 5% of pulps are sent to an umpire laboratory and certified reference material is routinely added.

Verification

of sampling and assaying

The verification of significant intersections by

either independent or alternative company personnel.

The use of twinned holes.

Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

Discuss any adjustment to assay data.

At least two AusIMM‐accredited company personnel verify all

significant intercepts.

All field geological data is logged into excel, assay data files are received directly from the laboratory and transferred to dedicated database and copies are kept for later validation by SRK Consulting as part of the resource estimation.

Chemical assays are not adjusted.

Location of

data points

Accuracy and quality of surveys used to locate drill holes (collar and down‐hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

Specification of the grid system used.

Quality and adequacy of topographic control.

Drill holes at Kvanefjeld were placed in the field using a handheld GPS, once completed ASIAQ surveyors completed a DGPS pickup with results added to the drill hole database. The recent holes, and many of the historical holes, were surveyed down‐hole using an Auslog Deviation Tool. Orientation data at 0.5 m increments are stored in the drill hole database. End‐of‐hole Eastman camera shots are available for most of the historical holes that could not be accessed by the downhole surveying tool

Data spacing

Data spacing for reporting of Exploration

Drill hole spacings are 70 to 140m apart and considered reasonable

and

distribution

Results.

Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.

Whether sample compositing has been applied.

to establish geological continuity and for the estimation of Mineral

Resources. In central areas, the drill spacing is approximately 70 x

70m.

All samples are 1m increments of split core.

Orientation

of data in

relation to geological structure

Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.

If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.

Vertical holes have been used to intersect sub‐horizontal mineralization that is hosted in flat‐lying lenses of lujavrite; a hyper‐ agpaitic nepheline syenite.

Sample

security

The measures taken to ensure sample

security.

Samples from Kvanefjeld are put in calico bags, and then into plastic

bags, packed into drums, four drums are placed on a pallet and then loaded into a 20 foot sea container which is secured for shipping directly to Genalysis quarantine area in Perth, WA.

Audits or

reviews

The results of any audits or reviews of sampling techniques and data.

All drilling, sampling, QAQC, analysis, logging and other data collection methods has been reviewed by SRK Consulting and found to be appropriate.

Section2: Reporting of Exploration Results

Mineral

tenement and land tenure status

Type, reference name/number, location and

ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.

The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.

All drilling has been completed within exploration license 2010/02 in

accordance with the license terms outlined by Greenland's Mineral Licence and Safety Authority (MLSA). The tenement is classified as being for the exploration of minerals. The Holder is Greenland Minerals and Energy A/S a wholly owned subsidiary of Greenland Minerals and Energy Ltd.

The tenure is in good standing with no impediments.

Exploration

done by other

parties

Acknowledgment and appraisal of exploration by other parties.

The deposit was found in 1956 by radiometric reconnaissance survey and the first drilling completed by the Danish government in

1958. Further drilling was completed in 1962, 1969 and 1977. In total 70 drill holes were completed as a precursor to historic feasibility work on the extraction of uranium in the early 1980's, where considerable metallurgical test work was completed. The Ilimaussaq Complex that hosts the Kvanefjeld and associated deposits is the subject of many technical and academic research papers; owing to the unique geological features. Many of these technical papers are peer‐reviewed and published.

Geology

Deposit type, geological setting and style of

mineralisation.

The Ilimaussaq intrusive complex is a large layered alkaline

intrusion. It is Mesoproterozoic in age and the type locality globally of agpaitic nepheline syenite and hosts a variety of highly unusual rock types and minerals.

Drill hole

Information

A summary of all information material to the

understanding of the exploration results including a tabulation of the following information for all Material drill holes:

Details are tabulated in the announcement

‐easting and northing of the drill hole collar

‐elevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collar

‐dip and azimuth of the hole

‐down hole length and interception depth

‐hole length.

If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

Data

aggregation

methods

In reporting Exploration Results, weighting

averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut‐off grades are usually Material and should be stated.

Where aggregate intercepts incorporate

short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.

The assumptions used for any reporting of metal equivalent values should be clearly stated.

Exploration results are calculated using 1m samples that are

weighted by length, an intercept must achieve 250ppm U3O8 for more than 5m and have maximum 2m internal waste. Also calculated are TREO and Zn. Uranium content is more variable than REO and zinc content, and is appropriate to constrain divisions of grade and geological character within the deposit.

TREO is all rare earth element oxides plus yttrium oxide.

Relationship

between

mineralisatio n widths and intercept lengths

These relationships are particularly

important in the reporting of Exploration

Results.

If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.

If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg 'down hole length, true width not known').

The intercept widths are similar to the true widths of the

mineralisation.

Diagrams

Appropriate maps and sections (with scales)

and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.

Appropriate maps and sections are included in the announcement.

Balanced

reporting

Where comprehensive reporting of all

Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.

This is considered to be representative reporting of intercepts,

similar methods have been used in the past for reporting and so are not misleading.

Other

substantive exploration data

Other exploration data, if meaningful and

material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test

Numerous geological, metallurgical, mining and feasibility studies

have been completed on the Kvanefjeld Project and are available publicly.

results; bulk density, groundwater,

geotechnical and rock characteristics; potential deleterious or contaminating substances.

Further work

The nature and scale of planned further work

(eg tests for lateral extensions or depth extensions or large‐scale step‐out drilling).

Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

This sampling was completed so that a new Resource/Reserve

estimation can be completed for the Kvanefjeld Project

Read the rest of the article at www.noodls.com
Data and Statistics for these countries : Greenland | All
Gold and Silver Prices for these countries : Greenland | All

Greenland Minerals and Energy Ltd.

EXPLORATION STAGE
CODE : GGG.AX
ISIN : AU000000GGG4
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Greenland Min. is a zinc and uranium exploration company based in Australia.

Greenland Min. holds various exploration projects in Greenland.

Its main exploration properties are KVANEFJELD and ZONE 2 in Greenland.

Greenland Min. is listed in Australia. Its market capitalisation is AU$ 64.3 millions as of today (US$ 46.4 millions, € 40.7 millions).

Its stock quote reached its highest recent level on February 18, 2011 at AU$ 1.37, and its lowest recent point on April 01, 2016 at AU$ 0.02.

Greenland Min. has 1 004 770 048 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Nominations of Greenland Minerals and Energy Ltd.
2/8/2011Appoints New Commercial Manager
Financials of Greenland Minerals and Energy Ltd.
2/2/2011Quarterly Report - Q4 2010
Project news of Greenland Minerals and Energy Ltd.
10/16/2013(Kvanefjeld)Progress Environmental and Social Impact Assessments on the ...
3/26/2013(Kvanefjeld)Kvanefjeld Feasibility Study Developments: Mine and Concentr...
10/17/2012(Kvanefjeld)Acquisition of the Outstanding 39% of the Kvanefjeld Multi E...
2/23/2012(Kvanefjeld): Kvanefjeld Project-Major Technical Breakthrough: Atmospher...
12/5/2011(Kvanefjeld)Government Introduces Uranium Licensing Framework for Kvanef...
8/15/2011gains full control of world's largest rare earth project
5/3/2011(Kvanefjeld)Builds First-Class Team to Facilitate the Kvanefjeld Feasibi...
3/23/2011(Kvanefjeld)Releases an Upgraded Resource Estimate for the Kvanefjeld Mu...
2/17/2011(Zone 2)Confirms a Substantial New Rare Earth Element - Uranium Depo...
2/1/2011(Kvanefjeld)Greenland Minerals Awards Contracts for Key Social and Envir...
Corporate news of Greenland Minerals and Energy Ltd.
6/9/2016Greenland and Denmark Pass Uranium Export Legislation, Solid...
2/1/2016December 2015 Quarterly Report
1/26/2016Greenland rare earth mining to remain contentious due to ura...
1/25/2016Greenland and Denmark Reach Landmark Agreement on Uranium Ex...
10/14/2015Director Appointment
4/10/2015Notice of Annual General Meeting and Explanatory Statement
4/7/2015New Memorandum of Understanding Signed With NFC to Focus on ...
4/7/2015(Kvanefjeld)New Memorandum of Understanding Signed With NFC to Focus on ...
4/1/20152014 Annual Financial report – 20 Mar 2015
4/1/2015Outstanding 2% royalty purchase – 10 Mar 2013
4/1/2015Exploration license renewal – 1 Apr 2015
3/3/2015Company Presentation, March 2015
3/2/2015Company Presentation, March 2015
3/2/2015Update on Current Activities, Outlook and Funding
2/12/2015Kvanefjeld Project – Mineral Resource Update
12/17/2014Assay of Historic Drill Cores at Kvanefjeld Return High-Grad...
12/3/2014Greenland parties in coalition talks, mining in focus
10/23/2014Feasibility Study Progress
7/9/2014Greenland Minerals and Energy Limited: Fully Underwritten $8...
10/27/2013Repeals Zero-Tolerance Uranium Policy
7/25/2013Set for Key Role in EU-Backed Rare Earth Supply Chain Initia...
10/1/2012Completes Capital Raising and Launches Share Purchase Plan
9/25/2012GGG:ASX Bell Potter Securities Initiates Research Coverage o...
9/20/2012(Kvanefjeld)Kvanefjeld Feasibility Study Underway: Metallurgical Develop...
8/6/2012(Kvanefjeld)Finalises Full Ownership of Kvanefjeld Multi-Element Project...
7/4/2012Greenland Minerals Renames Zone 2 Rare Ear
6/6/2012(Kvanefjeld)Zone 3 Grows Kvanefjeld Project Resource Inventory to 575 Ml...
5/17/2012Shaw Stockbroking increases Greenland Minerals valuation to ...
5/4/2012(Kvanefjeld)Kvanefjeld Prefeasibility Study Confirms a Long-Life, Cost C...
4/19/2012RM Research Commences Coverage on Greenland Minerals:
4/12/2012Annual Report: Greenland Minerals and Energy And Controlled ...
3/27/2012'Zone 3' Rare Earth - Uranium Deposit Shapes Up With Solid D...
3/21/2012(Zone 2)Releases Initial 242 Million Tonne Mineral Resource Estimate...
10/6/2011Independent Investment Research - Greenland Minerals and Ene...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
AUSTRALIA (GGG.AX)
0.064-3.03%
AUSTRALIA
AU$ 0.064
08/09 14:48 -
-3.03%
Prev close Open
0.066 0.066
Low High
0.061 0.066
Year l/h YTD var.
0.045 -  0.088 -22.89%
52 week l/h 52 week var.
0.045 -  0.150 -39.05%
Volume 1 month var.
2,218,974 28.00%
24hGold TrendPower© : 34
Produces
Develops
Explores for Uranium - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/16/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2022-39.05%
2021-60.38%0.320.07
2020103.85%0.350.07
2019116.67%0.170.05
2018-40.00%0.110.06
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.02-0.35%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.59-2.26%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 3.54-2.62%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.58+0.17%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02-25.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.70-4.93%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 6.79-2.30%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.30+3.51%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.28+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.07-3.27%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 58.82+2.26%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :