Greenland holds the golden ticket

Greenland is preparing for a gold rush after a mining company reported finding high-grade deposits in the south of the country. Copenhagen-listed NunaMinerals, which is now seeking other partners to help develop the prospects, has been focusing its efforts on gold-baring granite rocks in the Niaqornaarsuk Peninsula in western South Greenland and in Kangerluluk in eastern South Greenland since July this year.

NunaMinerals CEO Ole Christiansen said in a statement, “I am delighted to announce that the latter part of our 2010 exploration field season has provided excellent results across our gold prospects in South Greenland.

“Our work in the Amphibolite Ridge area confirms the presence of gold in a wide mineralised system. Our work now will focus on analysing the results in details as we prepare our follow-up exploration programs for 2011.”

The company also said that the second stage of its investigation indentified extremely high gold grades of 1,013 grams per tonne in multiple quartz veins. At least two drill areas have been chosen within the 1500km which is owned exclusively by Nonortalik Gold Province licences.

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