Greenland Minerals and Energy Ltd ("GMEL" or "the Company") is pleased to announce that it has renamed the recently discovered Zone 2 rare earth-uranium deposit as the S�rensen deposit in acknowledgement of the Danish geoscientist Henning S�rensen and chemical engineer Emil S�rensen.
Henning S�rensen commenced working on the Ilimaussaq alkaline complex in 1946, and has since returned over 20 times. He is considered by many as laying the technical foundation upon which known mineral resources and their characteristics have been established.
Initially Henning S�rensen's work focussed on the unusual mineralogy within the complex, but this focus soon shifted to the economic importance of its mineral resources. From 1964 to 1977 he directed many of the work programs that set out to evaluate the economic potential of the Ilimaussaq Complex. This period culminated with a comprehensive report on the geology, reserves and beneficiation of the Kvanefjeld deposit.
Henning went onto publish papers in IAEA forums on the potential to source uranium from alkaline rocks. In 1990 he co-convened an International Minerals Association conference in Beijing on minerals for future materials. Through this forum the enormous rare metal potential of the Ilimaussaq Complex was put forward. In a special issue of Applied Geochemistry published in 1992 Henning S�rensen authored a paper on the potential to exploit rare metals in a multi-element capacity from alkaline rocks with a focus on Greenland's Ilimaussaq Complex. This paper put forward the concept that has evolved to become the Kvanefjeld multi-element project.
Henning S�rensen was professor of petrology at Copenhagen University since 1962 and in 1967 he became the first director of its Institute for Petrology. Henning retired in 1992 but has continued to work on the Ilimaussaq complex, and actively publishes on new developments in understanding.
Since commencing operations on the Ilimaussaq Complex in 2007 a number of GMEL personnel have had the honour of meeting Henning S�rensen, and updating him on technical developments that continue to arise as more drill data has been produced. Whilst Henning has contributed much to the understanding of the Kvanefjeld deposit, he also spoke passionately about the regional potential for further large-scale deposits. Exploratory drilling has now proved this to be correct, with substantial new multi-element deposits of rare earth elements and uranium identified at the S�rensen deposit and Zone 3.
Today, the collective resources of the northern Ilimaussaq Complex represent one of the largest known resources of rare earth elements and uranium globally. For these reasons, the Company sees it as only appropriate to commemorate Henning's contributions by naming the most significant of these new resources in his honour.
Upon request to rename Zone 2 in his honour, Henning graciously accepted. In his response Henning recalled spending time in 1957 camped beneath the slopes at what is now the S�rensen deposit. He recalled noticing the massive boulders of steenstrupine-rich lujavrite; an indication of what lay behind the large slope above. Before further investigations could be made attention moved to Kvanefjeld plateau, located 6 km to the north where the ore material outcropped extensively, leaving the large mass of REE-uranium mineralisation largely concealed under an overlying cap of unmineralised rock called naujaiite.
An initial mineral resource estimate for the S�rensen deposit was released by GMEL in March 2012. This followed a series of drill program conducted in 2008, 2010 and 2011. The global mineral resource includes 162 Mlbs U3O8, 2.67 Mt total rare earth oxide. The deposit remains open in a northerly direction.
Henning also requested that he share the honour with his long-standing colleague Emil S�rensen (1927 to 2007). Emil was a chemical engineer who represented Ris� (the Danish atomic energy commission), and managed many of the historic research programs to evaluate the appropriate methods to treat the uranium-rich ores from Kvanefjeld.
Together Henning and Emil S�rensen made enormous inroads into demonstrating the mineral resource potential of the Ilimaussaq Complex, and establishing a viable means to process the vast but unusual ores. Their efforts have been highly important in presenting Greenland with the opportunity to become a major supplier of strategically important and valuable minerals, thereby creating new industry, jobs and opportunity.
http://www.ggg.gl/docs/ASX-announcements/Zone_2_renamed-as-the_Sorensen_Deposit.pdf)
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. An interim report on pre-feasibility studies has demonstrated the potential for a large-scale multi-element mining operation. For further information on Greenland Minerals and Energy visit http://www.ggg.gl or contact:
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 community 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 and Zone 2 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.
| Roderick Mcillree |
Christian Olesen (DK) |
| Managing Director |
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