Risk and valuation analysis of the Black Angel Project |
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Title(s) of the Black Angel Project |
| Angel Mining Plc : 100% |
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Title | Company Profile | All Projects | Company website | Company project page |
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Location of the Black Angel Project |
The project is on the west coast of Greenland at 51°14'W and 71°7'N.
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History of the Black Angel Project |
It is an old zinc-lead mine, which operated between 1973 and 1990 and was owned first by Cominco of Canada and then by Boliden of Sweden (last 4 years). During the 17-year period nearly 12 million tonnes of ore was extracted from the mine with average grades of 12% Zn and 4 % Pb. The mine closed in 1990 leaving behind approximately 2 million tonnes, mainly in the pillars.
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