AEX GOLD
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Acquiring an existing Exploitation Licence in 2015 , the company is at the advanced exploration stage of its Nalunaq property , including the previously operating Nalunaq Gold Mine . It also holds Exploration Licences at the early exploration stage Vagar and Tartoq properties .
Hosting a high-grade NI 43-101 compliant gold resource estimate of 263k oz ( inferred ) at 18.7 g / t and a number of regional exploration targets , AEX Gold has undertaken three years of exploration at Nalunaq , developing an updated geological model and an extension of the main vein strike length up to 1km .
“ The government is very supportive , so it ’ s about having a sound exploration strategy . We are very much focused on that , as we have an asset package that we think we can grow and create a lot of value ,” explains Chief Executive Officer , Eldur Olafsson .
Originating from Iceland , Olafsson has gained extensive experience of the local geography . Focusing on mining projects in Greenland since 2012 , he has analysed the country ’ s potential against the backdrop of environmental responsibilities and associated legalities with partner SRK Exploration Services .
Through this process , the business has turned its attentions solely towards gold exploration .
“ The known gold deposits in Greenland are in an area where the climate is mild and , given our experience , logistics are relatively easy . Gold opportunities are easier to finance than larger base metals projects and our perception was that we could fully fund projects like these through our support here in
NOVEMBER 2018