- Active exploration underway at Eleonore North project in East Greenland
- Field team examining high-priority targets, including known prospects
- Reduced intrusion-related gold system specialist evaluating Noa Pluton prospect
- Bulk sampling of tungsten and antimony-mineralised material to occur at North and South Margeries deposits
GreenX Metals (ASX:GRX) has commenced a major fieldwork program at its Eleonore North project in East Greenland targeting gold, tungsten and antimony.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
CEO, Ben Stoikovich, said fieldwork at Eleonore North this year covers multiple objectives.
At Noa Pluton, a reduced intrusion-related gold system (RIRGS) specialist will conduct mapping and sampling to evaluate antimony and intrusion-related gold potential, and identify potential drill targets.
At both North (Sb-W) and South Margeries (W), the team will collect 50 kg to 100 kg bulk samples of mineralised material for scoping study level sighter test work. Recent hyperspectral analysis and prospectivity mapping have also highlighted alteration anomalies along strike and adjacent to both deposits. These untested hyperspectral anomalies have the potential to be satellite discoveries.
The field team will also visit newly generated RIRGS targets in the broader region for reconnaissance style prospecting, as approved by the Greenland Mineral Resource Authority.
“Greenland is an exciting frontier for GreenX, and this program advances a portfolio of gold, tungsten and antimony targets that has seen very little modern exploration,” Mr Stoikovich said.
“Tungsten and antimony are critical raw materials for both the European Union and the United States, and Eleonore North gives us high-grade occurrences of both in a stable Western jurisdiction at a time when supply is heavily concentrated in China. Importantly, the tungsten and antimony mineralisation has a surface expression, which allows us to make rapid progress in expanding the known mineralisation and generating additional targets.
“This year we are in the field to advance our existing prospects, including the Noa Pluton gold- antimony target and the North and South Margeries deposits. At the same time, our growing understanding of intrusion-related gold systems in the region has enabled us to identify a number of new targets.”
At North and South Margeries rock samples collected during the program will be sent for multi-element analysis while bulk material will undergo metallurgical sighter test work.
This test work is designed to provide scoping study level insights into the metallurgy and processing characteristics. Extensional and infill drilling could be warranted if the sighter test work is positive, particularly if the hyperspectral anomalies previously identified along strike are confirmed as antimony and tungsten mineralisation.
GRX was up 1.14% to 89.0c. Mkt cap $273.9M.
Join the discussion: See what HotCopper users are saying about GreenX Metals be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.