NunaMinerals A/S: Completion of helicopter-borne radiometric survey at Paatusoq
09.10.2014 | Globenewswire Europe
Nuuk, 2014-10-09 (GLOBE NEWSWIRE) -- NunaMinerals A/S (COPENHAGEN: NUNA.CO / NUNA.DC) and exploration partner Greenland Rare Earth Projects Ltd (“GREP Ltd”) are pleased to announce that on Saturday 4th October they successfully completed a helicopter-borne radiometric survey at the Paatusoq Critical Metals Project in South East Greenland. A total of 1529 line-kilometres of data acquisition were conducted by EON Geosciences Inc of St-Laurent, Québec, Canada.The geophysical program was funded by an Option Agreement with Greenland Rare Earth Projects Ltd (refer to NunaMinerals announcement dated: August 22, 2014). Final data products are expected to be available to NunaMinerals by mid fourth-quarter 2014 and will be used to delineate exploration targets for the 2015 field program, targeting rare earth elements, niobium, tantalum and zirconium (+/- uranium, thorium) mineralisation.
Ole Christiansen, CEO of NunaMinerals A/S stated, “The successful acquisition of airborne radiometric data is a significant development for the Paatusoq Project. The Gardar Alkaline Igneous Province of South Greenland is one of the best exploration addresses for critical metals globally, with several world-class deposits under development. As well as being one of the largest intrusive centres in the province, Paatusoq is also an entirely virgin exploration target. The newly acquired geophysical data will allow us to generate and prioritize exploration targets for our 2015 field program with Greenland Rare Earth Projects Ltd.”
Photographs from the Paatusoq survey will soon be available on Greenland Rare Earth Project Ltd’s website (www.greenlandrareearth.com).
On behalf of the board
Ole Christiansen
CEO & Birks Bovaird, Chairman