Explorer and developer of sustainable critical mineral resources, GreenX Metals (ASX:GRX) and its joint venture (JV) partner Greenfields Exploration report the presence of ‘high-grade’ copper (Cu) sulphides following a work program at its Arctic Rift Cu Project in Greenland.
The results of this work program have confirmed the ‘high-grade’ nature of the known Cu sulphide mineralisation, as well as wider Cu mineralisation hosted within Black Earth zones and adjacent sandstone units, returning a peak sample grading 53.8% Cu and 1,074g/t silver (Ag).
These results were returned along strike from a historically reported float sample which also graded 53.8% Cu with 2,480g/t Ag.
It is also reported that the work program also confirmed the precise position of a native Cu fissure within the Neergaard Dal prospect, which is considered key to future targeting of stratabound Cu of both types.
The site visit and work program were conducted to verify the Arctic Rift discovery zone, due to the extremely ‘high-grades’ reported historically.
Commenting on the results, GreenX Metals Project Leader, Dr. Bell said: “The historically reported ‘high-grade’ copper sulphides and fissure copper were located with relative ease during the site visit. Both were immediately apparent on the first pass flying over the sites.
“The ease with which the historically reported mineralisation was identified in the field bodes well for in terms of forward work programs to locate and map stratabound mineralisation that may have bulk tonnage potential”
The ease with which the historically reported mineralisation was identified in the field bodes well for in terms of forward work programs to locate and map stratabound mineralisation that may have bulk tonnage potential.”
GreenX Metals also notes that further along strike to the west, a well-exposed zone has been visually estimated to be around 5m wide, from which a pXRF analysis returned a median of 4.47% Cu and 91g/t Ag.
These pXRF readings are reported to successfully verify a historical report of 4.42% Cu and 187.5g/t Ag from a 3m long trench.
In addition, the site visit and associated work program demonstrate the opportunity to establish a logical base in Greenland, which is expected to expedite future exploration programs.
GreenX Metals is an ASX-listed company with a mission to create long-term shareholder value by focusing on the exploration and development of sustainable critical mineral resources. The company’s current focus is on the exploration of the Arctic Rift project, which represents a JV exploration tenement with privately owned Greenfields Exploration, following an earn-in agreement which will see GreenX acquire an 80% interest in the tenement through a payment of $10 million over 5 years.
The Arctic Rift project is located in Greenland and is considered a ‘significant, large-scale’ project that boasts historical exploration results indicative of an ‘extensive’ mineral system, with potential to host world-class copper deposits.
With results from the recent site visit and work program now returned, GreenX announces it looks ahead to locating and mapping stratabound mineralisation that could potentially host bulk tonnage.
Images: GreenX Metals Ltd
