TIDMAEXG
RNS Number : 1089H
AEX Gold Inc
04 April 2022
("AEX" or the "Corporation")
AEX 2021 Drilling Results at Nalunaq Confirm Further High Grade
Intersections
Assays up to 139.0g/t Au from the Valley Block
TORONTO, ONTARIO - April 4, 2022 - AEX Gold Inc. (AIM: AEXG;
TSXV: AEX), an independent mining company with an unrivalled land
package of gold and strategic mineral assets covering an area of
4,090km(2) in Southern Greenland, is delighted to announce results
of its 2021 exploration drilling campaign at the Nalunaq Project in
South Greenland. The Nalunaq project is a past-producing
underground mine which produced approximately 360,000 ounces of
gold between 2004 and 2013(1) , from three high-grade zones.
The 2021 drill program comprised 51 drillholes, primarily
targeting the newly defined Valley Block predicted by AEX's
dolerite dyke structural model.
References to figures and tables relate to the version visible
in PDF format on the website by clicking the link
below: https://www.aexgold.com/investors/regulatory-news-alerts/#tsx-news
Highlights
-- Drilling has intersected the Main Vein structure in 33
drillholes, 27 of which intersected gold which is better than
originally expected given the heterogeneous distribution of the
deposit and, significantly, confirms the presence of a fourth high
grade zone at Nalunaq.
-- A particular highlight was Hole AEX21044 - 0.50m(#) @
139.0g/t Au and 30.4g/t Au for a weighted average of 61.43g/t
Au.
-- Results verify that the Valley Block, unrecognised by
previous operators, is a new high-grade zone, with multiple visible
gold intersections confirming the presence of free gold, and can
now be the focus for initial resource growth at Nalunaq.
-- Results confirm that AEX has fulfilled all of its 2021 exploration objectives at Nalunaq.
-- Assay results also support AEX's "Dolerite Dyke Model", which
has been used to predict the location and extents of five new
high-grade zones which the Corporation aims to target for
progressive resource growth.
-- Independent studies have confirmed that historical surface
drilling within high-grade zones at Nalunaq can under-represent the
in situ resource, due to the nugget effect in drill core.
Therefore, AEX considers that any mineralised intersection from
drillholes within high-grade zones will form part of a higher-grade
population.
-- AEX is reviewing these results and in conjunction with SRK
Consulting are developing a new Mineral Resource estimation
procedure, that incorporates the new Dolerite Dyke Model and
accounts for the nugget effect in drill core, in order to better
reflect the resource potential of the Valley Block and the rest of
the Nalunaq project.
# reported with apparent widths
Eldur Olafsson, CEO of AEX, commented:
"I am delighted to announce the 2021 drill results from Nalunaq
which has fulfilled all our objectives. Our success rate in
intersecting the Main Vein continues to increase and this season
has been the most successful to date, where we have confirmed the
existence of an entirely new high-grade zone. The Valley Block area
holds the potential to materially increase the resources at Nalunaq
and the confirmation of the Company's Dolerite Dyke Model opens up
the prospect of further resource discovery across five high-grade
zones. We plan to build on these encouraging results in our 2022
field program and our Mineral resource estimation work with SRK. We
look forward to delivering our regional exploration results from
2021 over the next few months and providing the market with our
work plan for 2022."
Discussion on Results
The Main Vein is a laterally extensive shallowly dipping
auriferous quartz vein averaging around 70cm thick and hosting
variable high grades of up to 5,240g/t Au. The mineralisation is
separated into high and low grade zones and is controlled by the
intersection of structures which AEX has defined in its geological
model.
This vein was mined between 2004 and 2013 and produced c.360,000
ounces of gold(1) . AEX is exploring for a target of up to 2.0 Moz
gold across the Main Vein in addition to the footwall and hanging
wall vein potential announced in September 16, 2020(2) . The
current Inferred Mineral Resource stands at 251Koz of gold in
422,770 tonnes at a grade of 18.5g/t (1) .
The reported 51 drillholes (10,928.14m of total drilling, or
11,044.1m including one abandoned hole) follow the previously
reported intersections from the 2020 drill program reported
November 2020(3) . The 2021 program was designed to assess the
along strike and down dip extensions of the mineralised Main Vein
structure away from the previously explored South, Target and
Mountain Blocks mined between 2004 to 2013.
The program was also designed to assess AEX's geological and
structural models and to test new areas of the project and as such
not all drillholes were intended to intersect the Main Vein.
The key focus of the program was the development of the Valley
Block, a new parallel resource area predicted by AEX's new
structural model, the 'Dolerite Dyke Model'. The results announced
here provide further evidence that the Valley Block is a new
high-grade zone, unrecognised or developed by previous operators
and corroborate the Dolerite Dyke Model. Along this high grade
trend, highlights include:
-- The intersection of five visible gold intervals confirming the existence of free gold;
-- AEX21044 which intersected 0.5m at 61.43g/t Au(#) (a weighted
average from two Main Vein samples at 139.0g/t Au and 30.40g/t Au);
and
-- Hole AEX21007 which intersected 0.54m at 38.83g/t Au(#) (a
weighted average from two Main Vein samples at 39.7g/t Au and
17.50g/t Au).
Both of these holes build on the up dip potential identified in
2020 within Hole AEX2008 (0.55m at 52.36g/t Au)(3) . This Block now
exists as a target for initial resource growth. These surface
drillhole intersection grades at Valley Block are considered
comparable to those historically encountered across the other three
mined blocks.
AEX's Dolerite Dyke Model uses structural intersections to
predict a series of prospective domains for high-grade
mineralisation. The confirmation of the effectiveness of this model
now provides the Corporation with up to five high-grade zone
targets for progressive resource growth. These prospective domains
are now being used to better focus AEX's drilling activities.
Due to the high 'nugget effect' experienced at Nalunaq (where
mineralisation is often concentrated into large nuggets),
historical surface core drilling results have under represented the
in situ mineralisation. This has been confirmed by an independent
review conducted by SRK Consulting which suggested that surface
core drilling alone typically under reports gold grade and resource
potential in high-grade zones. From this review and incorporating
the Dolerite Dyke Model, AEX believes that any mineralised
intersection from drill core within a predicted high-grade zone can
be considered part of a wider higher-grade population. This has an
implication on how future resource estimates could be conducted and
could allow for potential increases in resource size and
classification.
The high variability of gold grades in deposits with a high
nugget effect such as Nalunaq makes accurate estimation of grade
challenging. Therefore, in parallel with the drilling program, AEX
has been working alongside SRK to assess new Mineral Resource
estimation procedures the incorporate the Dolerite Dyke Model and
the nugget effect from core to better reflect the full resource
potential at the Valley Block and the rest of the Nalunaq project.
AEX believe that these new approaches will allow for an increase in
resources and provides the Corporation with a robust procedure to
estimate in situ mineralisation through surface drilling without
the need for close space underground sampling. The issue of
requiring close space sampling was highlighted in AEX's press
release of November 2020(3) and may be resolved through this new
estimation procedure.
Further, and to lessen the influence of this nugget effect
during Mineral Resource estimation, AEX, in consultation with SRK,
elected that during the 2021 drilling program an additional quarter
core sample from each Main Vein intersection would be collected and
combined with the original half core as a weighted average.
Increasing the overall size of assayed samples is a common approach
employed to reduce close spaced variability.
It is the Company's intention that this new resource area, the
Valley Block, will become the focus of the initial mining on the
asset and will provide feed to the process plant. Further
exploration and development in other areas of the historical mine
and extensions of the deposit will progress concurrently.
((1) NI 43-101 Report dated June 2020; (2) See press release
dated September 16, 2020; (3) See press release
dated November 25, 2020; (#) Apparent widths)
New Discoveries
The 2021 programme also targeted a downdip extension of the
South Block and identified a potential further high-grade zone
(which would take the total to five), which was predicted by the
Dolerite Dyke Model. Highlights here include:
-- Hole AEX21021 which intersected 0.49m at 12.02g/t Au(#) (a
weighted average from two Main Vein samples at 16.95g/t Au and
1.56g/t Au); which provides evidence that the high-grade
mineralisation extends down dip away from the previously mined
areas at the South Block; and,
-- Hole AEX21024 which intersected 0.50m of Main Vein at 1.63g/t
Au(#) (a weighted average from two Main Vein samples at 1.58g/t Au
and 1.75g/t Au); which provides a positive indication that a
further resource area may be located to the south of the Valley
Block.
It is AEX's intention to continue to explore these resource
growth areas.
Main Vein Intersections from 2021 Drilling Results
Hole ID From To Interval True Width Au1 (g/t) Au2 (g/t) Au (g/t)
(m) (m) Final
AEX21044 152.87 153.37 0.5 0.44 30.4 139 61.43
------- ------- --------- ----------- ---------- ---------- ---------
AEX21007 141.14 141.68 0.54 0.49 39.7 17.5 34.83
------- ------- --------- ----------- ---------- ---------- ---------
AEX21011 152.53 153.03 0.5 0.41 9.65 18.1 12.43
------- ------- --------- ----------- ---------- ---------- ---------
AEX21021 119.7 120.2 0.5 0.49 16.95 1.56 12.02
------- ------- --------- ----------- ---------- ---------- ---------
AEX21009 148.57 149.08 0.51 0.46 10.6 2.87 8.48
------- ------- --------- ----------- ---------- ---------- ---------
AEX21005 141.91 142.41 0.5 0.48 6.24 6.06 6.18
------- ------- --------- ----------- ---------- ---------- ---------
AEX21013 173.36 173.86 0.5 0.47 1.6 2.29 1.8
------- ------- --------- ----------- ---------- ---------- ---------
AEX21012 157.88 158.66 0.78 0.77 1.9 1.51 1.79
------- ------- --------- ----------- ---------- ---------- ---------
AEX21016 195.08 195.74 0.66 0.51 1.92 0.96 1.68
------- ------- --------- ----------- ---------- ---------- ---------
AEX21024 187.88 188.38 0.5 0.38 1.58 1.75 1.63
------- ------- --------- ----------- ---------- ---------- ---------
AEX21004 130.34 130.84 0.5 0.43 1.33 2.21 1.56
------- ------- --------- ----------- ---------- ---------- ---------
AEX21046 188.32 188.82 0.5 0.47 1.19 1 1.13
------- ------- --------- ----------- ---------- ---------- ---------
AEX21008 147.48 148.09 0.61 0.56 0.9 0.69 0.83
------- ------- --------- ----------- ---------- ---------- ---------
AEX21003 106.2 106.7 0.5 0.47 0.25 1.94 0.7
------- ------- --------- ----------- ---------- ---------- ---------
AEX21061 157.49 158 0.51 0.44 0.6 0.84 0.67
------- ------- --------- ----------- ---------- ---------- ---------
AEX21015 178.6 178.94 0.34 0.31 0.55 NA 0.55
------- ------- --------- ----------- ---------- ---------- ---------
AEX21081 168.04 169.53 1.49 1.341 0.54 0.35 0.49
------- ------- --------- ----------- ---------- ---------- ---------
AEX21085 199 201 2 1.71 0.62 0.66 0.49
------- ------- --------- ----------- ---------- ---------- ---------
AEX21062 165.11 165.61 0.5 0.44 0.49 NA 0.49
------- ------- --------- ----------- ---------- ---------- ---------
AEX21006B 141.38 141.88 0.5 0.49 0.47 0.5 0.48
------- ------- --------- ----------- ---------- ---------- ---------
AEX21058 136.75 137.95 1.2 0.8 0.29 0.09 0.42
------- ------- --------- ----------- ---------- ---------- ---------
AEX21001 156 156.62 0.62 0.55 0.41 0.34 0.39
------- ------- --------- ----------- ---------- ---------- ---------
AEX21042 153.33 154.27 0.94 0.75 0.41 0.17 0.33
------- ------- --------- ----------- ---------- ---------- ---------
AEX21010 164.14 165.64 1.5 1.48 0.15 NA 0.15
------- ------- --------- ----------- ---------- ---------- ---------
AEX21002 180.51 181.93 1.42 0.93 0.11 NA 0.11
------- ------- --------- ----------- ---------- ---------- ---------
AEX21108 215.22 216 0.78 0.77 0.07 0.13 0.09
------- ------- --------- ----------- ---------- ---------- ---------
AEX21014 171 172.5 1.5 1.48 0.08 NA 0.08
------- ------- --------- ----------- ---------- ---------- ---------
AEX21017
(#) 181.3 181.8 0.5 0.5 <0.05 <0.05 <0.05
------- ------- --------- ----------- ---------- ---------- ---------
AEX21018
(#) 185.36 185.86 0.5 0.45 <0.05 <0.05 <0.05
------- ------- --------- ----------- ---------- ---------- ---------
AEX21025
(#) 217.2 217.7 0.5 0.47 <0.05 <0.05 <0.05
------- ------- --------- ----------- ---------- ---------- ---------
AEX21106
(#) 218.92 219.42 0.5 0.48 <0.05 <0.05 <0.05
------- ------- --------- ----------- ---------- ---------- ---------
AEX21022
(#) 122.4 122.9 0.5 0.43 <0.05 <0.05 <0.05
------- ------- --------- ----------- ---------- ---------- ---------
AEX21032
(#) 215.85 216.35 0.5 0.35 <0.05 <0.05 <0.05
------- ------- --------- ----------- ---------- ---------- ---------
Notes: True width calculated using Main Vein intersection angles
recorded during geological logging.
Au1 = half core sample, Au2 = additional quarter core sample
High variability between duplicate samples such as that seen
here between Au1 and Au2 is an artefact of the nugget effect in
free gold deposits such as Nalunaq.
(#) Intersections under review by AEX geological team to assess
the need for resampling and whether intersection is located on the
edge of the high-grade zone.
2021 Drilling Locations
Hole ID Easting Northing Elevation Depth Ave Ave Azimuth Comments
Dip
AEX21001 509031 6690868 341.4 200.5 80.6 303.2 Main Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
AEX21002 509146 6690945 300.7 191.93 80 130 Main Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
Main Vein - South
AEX21003 509181 6691064 300.8 123.5 71.1 304.1 Block Extension
--------- --------- ---------- ------- ----- ------------ -----------------------
Main Vein - South
AEX21004 509181 6691064 300.8 150.5 79 294.4 Block Extension
--------- --------- ---------- ------- ----- ------------ -----------------------
AEX21005 509111 6690874 306.4 164.7 54.9 326 Main Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
AEX21006 Hole abandoned due to poor ground conditions
---------------------------------------------------------------------------------------
AEX21006B 509111 6690874 306.4 167.5 53.2 280.4 Main Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
AEX21007 509037 6690911 342 164.5 67 315 Main Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
AEX21008 509037 6690911 342 157.5 85.8 295.3 Main Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
AEX21009 509037 6690911 342 161.63 79 315 Main Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
AEX21010 509027 6690840 340 196 50 305 Main Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
AEX21011 509027 6690840 340 194.1 65 305 Main Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
AEX21012 509027 6690840 340 178.4 75 305 Main Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
AEX21013 509023 6690766 334.2 189 50 308 Main Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
AEX21014 509023 6690766 334.2 222 62 308 Main Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
AEX21015 509023 6690766 334.2 222 72 308 Main Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
AEX21016 509023 6690766 334.2 219 81.1 287.5 Main Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
Main Vein - possibly
on edge of high-grade
AEX21017 509014 6690714 328.8 260.92 56.6 313.4 zone
--------- --------- ---------- ------- ----- ------------ -----------------------
Main Vein - possibly
on edge of high-grade
AEX21018 509014 6690714 328.8 207.12 62.2 312.2 zone
--------- --------- ---------- ------- ----- ------------ -----------------------
Main Vein - South
AEX21021 509185 6691095 298.8 149.2 67.5 301.3 Block Extension
--------- --------- ---------- ------- ----- ------------ -----------------------
Main Vein - South
AEX21022 509185 6691095 298.8 188.5 85.1 232.7 Block Extension
--------- --------- ---------- ------- ----- ------------ -----------------------
AEX21024 508889 6690480 311.1 231.56 50.3 332.2 Main Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
Main Vein - testing
potential new
AEX21025 508915 6690485 314.6 240.68 73.1 311.1 high-grade zone
--------- --------- ---------- ------- ----- ------------ -----------------------
Under review
for additional
sampling - testing
potential new
AEX21026 508964 6690526 320.4 266.97 64.9 320.8 high-grade zone
--------- --------- ---------- ------- ----- ------------ -----------------------
Testing potential
new high-grade
AEX21031 508950 6690488 318.2 250.26 67.5 315.3 zone
--------- --------- ---------- ------- ----- ------------ -----------------------
Main Vein - testing
potential new
AEX21032 508950 6690488 318.2 240.96 54.6 315.6 high-grade zone
--------- --------- ---------- ------- ----- ------------ -----------------------
AEX21042 509146 6690947 300.5 206.83 87.5 222.9 Main Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
Granite stoped
AEX21043 509031 6690868 341.4 152.4 70 305 out Main Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
AEX21044 509031 6690868 341.4 199.97 51.8 307 Main Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
Granite stoped
AEX21045 509017 6690738 332 195.11 53 316.1 out Main Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
AEX21046 509017 6690738 332 233.71 73.1 309.6 Main Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
Testing model
down-dip from
AEX21051 509228 6691257 289.4 192.64 65.1 319.3 Target Block
--------- --------- ---------- ------- ----- ------------ -----------------------
Testing model
down-dip from
AEX21052B 509228 6691257 289.4 194.5 90 0 Target Block
--------- --------- ---------- ------- ----- ------------ -----------------------
Main Vein - South
AEX21058 509249 6691108 267.5 175.21 86.2 333.1 Block Extension
--------- --------- ---------- ------- ----- ------------ -----------------------
AEX21061 509276 6690926 248.1 173.08 60.6 301.8 Main Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
AEX21062 509276 6690926 248.1 212.35 69.2 304 Main Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
Under review
for additional
AEX21070 509276 6690926 248.1 251.34 69.8 343.5 sampling
--------- --------- ---------- ------- ----- ------------ -----------------------
Drillhole did
not reach target
depth before
end of season
- will be drilling
AEX21071 509276 6690926 248.1 17.7 63.9 0.6 in 2022
--------- --------- ---------- ------- ----- ------------ -----------------------
Testing geological
model - Granite
stoped out Main
AEX21077 508862 6690127 177.4 247.35 51.1 352.6 Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
Testing geological
model - Granite
stoped out Main
AEX21077B 508862 6690127 177.4 144.15 61.3 8.3 Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
Main Vein - South
AEX21081 509395 6691055 234.3 217.86 60.8 318.7 Block Extension
--------- --------- ---------- ------- ----- ------------ -----------------------
Under review
for additional
sampling - South
AEX21082 509395 6691055 234.3 260.88 74.4 319.8 Block Extension
--------- --------- ---------- ------- ----- ------------ -----------------------
Under review
for additional
sampling - South
AEX21083 509395 6691055 234.3 288.29 87.2 326.9 Block Extension
--------- --------- ---------- ------- ----- ------------ -----------------------
Main Vein - South
AEX21085 509389.3 6690988 233.7 230.67 50.6 319.7 Block Extension
--------- --------- ---------- ------- ----- ------------ -----------------------
Testing potential
new high-grade
AEX21086 509389.3 6690988 233.7 258.15 75 315 zone
--------- --------- ---------- ------- ----- ------------ -----------------------
Drillhole did
not reach target
depth before
end of season
- will be drilling
AEX21092 509386 6690918 233.1 206.33 65.9 315 in 2022
--------- --------- ---------- ------- ----- ------------ -----------------------
Under review
for additional
AEX21093 509386 6690918 233.1 226.49 54 310 sampling
--------- --------- ---------- ------- ----- ------------ -----------------------
Testing geological
model - Granite
stoped out Main
AEX21099 509244 6690515 230.7 404.5 85.7 269 Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
Under review
for additional
sampling - testing
AEX21101 509244 6690448 231 500.18 67.5 308.4 geological model
--------- --------- ---------- ------- ----- ------------ -----------------------
AEX21106 509273 6690731 236.7 272.17 67.5 314.7 Main Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
Under review
for additional
AEX21107 509273 6690731 236.7 290.68 78.8 312.5 sampling
--------- --------- ---------- ------- ----- ------------ -----------------------
AEX21108 509261 6690706 237.6 236.67 64 309.3 Main Vein
--------- --------- ---------- ------- ----- ------------ -----------------------
Projection WGS 84 UTM zone 23N
Sampling and QAQC Disclosure
Drill core was cut in half using a diamond blade core saw. Where
a bottom of hole orientation line was present, the cut line was
marked approximately 5 degrees off axis, and the left-hand side of
the core was sampled. Bulk density measurements were taken of all
Main Vein samples. All drill core samples were placed into thick
polymer bags with a sample ticket. Each sample bag was sealed and
transported from site to ALS Geochemistry, Loughrea, Ireland, an
accredited laboratory for analysis.
Sample preparation scheme PREP-31BY was used on all samples.
This involves crushing to 70% under 2 mm, rotary split off 1 kg,
and pulverizing the split to better than 85% passing 75 microns.
Samples were then analysed by 50g fire assay with Au-AA26 which has
a detection limit of 0.01 ppm Au. Samples containing visible gold
and samples considered to be the Main Vein were assayed with
screen-metallics fire assay technique Au-SCR24 which has a
detection limit of 0.05 ppm Au. This involves screening 1 kg of
pulverised sample to 106 microns followed by a gravimetric assay of
the entire plus fraction and a duplicate 50 g AAS assay of the
minus fraction. In addition, all samples were assayed with a
48-element Four-Acid Digestion ICP-MS technique (ME-MS61).
The QA/QC program of AEX consists of the systematic insertion of
certified standards of known gold content, blanks, and quarter core
field duplicates at a rate of 1 in 20 or 5% per QA/QC type.
Quarter-core field duplicates were also made of all Main Vein
intersections and separated in sequence from their equivalent
half-core samples by a coarse blank to avoid contamination. In
addition, ALS insert blanks and standards into the analytical
process. The average sample mass was 2.08 kg.
Mineral Resource Standard
All Mineral Resources estimated presented in this press release
have been estimated in accordance to the Canadian Institute of
Mining, Metallurgy and Petroleum, (CIM) Definition Standards on
Mineral Resources and Mineral Reserves, National Instrument
43-101.
Qualified Person Statement
The technical information presented in this press release has
been approved by James Gilbertson CGeol, VP Exploration for AEX
Gold and a Chartered Geologist with the Geological Society of
London , and as such a Qualified Person as defined by NI
43-101.
Enquiries:
AEX Gold Inc.
Eldur Olafsson, Executive Director and CEO
+354 665 2003
eo@aexgold.com
Eddie Wyvill, Investor Relations
+44 (0)7713 126727
ew@aexgold.com
Stifel Nicolaus Europe Limited (Nominated Adviser and
Broker)
Callum Stewart
Simon Mensley
Ashton Clanfield
+44 (0) 20 7710 7600
Panmure Gordon (UK) Limited (Joint Broker)
John Prior
Hugh Rich
Dougie Mcleod
+44 (0) 20 7886 2500
SI Capital Limited (Joint Broker)
Nick Emerson
Charlie Stephenson
+44 (0) 1483 413500
Camarco (Financial PR)
Billy Clegg
Emily Hall
Charlie Dingwall
+44 (0) 20 3757 4980
For Company updates:
Follow @AexGold on Twitter
Follow AEX Gold Inc. on LinkedIn
Further Information:
About AEX
AEX's principal business objectives are the identification,
acquisition, exploration and development of gold and strategic
metal properties in Greenland. The Corporation's principal asset is
a 100% interest in the Nalunaq Project, an advanced exploration
stage property with an exploitation license including the
previously operating Nalunaq gold mine. The Corporation has a
portfolio of gold and strategic metal assets covering 4,090km(2) ,
the largest mineral portfolio in Southern Greenland covering the
two known gold belts in the region. AEX is incorporated under the
Canada Business Corporations Act and wholly owns Nalunaq A/S,
incorporated under the Greenland Public Companies Act.
Forward-Looking Information
This press release contains forward-looking information within
the meaning of applicable securities legislation, which reflects
the Corporation's current expectations regarding future events and
the future growth of the Corporation's business. In this press
release there is forward-looking information based on a number of
assumptions and subject to a number of risks and uncertainties,
many of which are beyond the Corporation's control, that could
cause actual results and events to differ materially from those
that are disclosed in or implied by such forward-looking
information. Such risks and uncertainties include, but are not
limited to the factors discussed under "Risk Factors" in the Final
Prospectus available under the Corporation's profile on SEDAR at
www.sedar.com. Any forward-looking information included in this
press release is based only on information currently available to
the Corporation and speaks only as of the date on which it is made.
Except as required by applicable securities laws, the Corporation
assumes no obligation to update or revise any forward-looking
information to reflect new circumstances or events. No securities
regulatory authority has either approved or disapproved of the
contents of this press release. Neither TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Inside Information
The information contained within this announcement is considered
to be inside information prior to its release, as defined in
Article 7 of the Market Abuse Regulation No. 596/2014, and is
disclosed in accordance with the Corporation's obligations under
Article 17 of those Regulations. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
Glossary
Au Gold
g/t Grams per tonne
Koz. Thousand ounces
Moz. Million ounces
Mt Million metric tonnes
oz. Ounces
UTM Universal Transverse Mercator
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DRLGUGDSUSGDGDS
(END) Dow Jones Newswires
April 04, 2022 02:01 ET (06:01 GMT)
Amaroq Minerals (LSE:AMRQ)
Historical Stock Chart
From Mar 2024 to Apr 2024
Amaroq Minerals (LSE:AMRQ)
Historical Stock Chart
From Apr 2023 to Apr 2024
