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Alopex Gold Inc.
Summary
| Project: | Nalunaq | |
|---|---|---|
| Deposit: | Nalunaq | |
| Location: | Greenland | |
| Commodities: | Gold | |
| Date: | 1/21/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-1-2020: Alopex Gold Inc. announces an Exploration/Drilling Update report for its Nalunaq deposit at the Nalunaq project. Drilling results incl. 1.00m @ 46.1g/t Au from 124m. Toronto, Ontario, January 21, 2020 – AEX Gold Inc. is pleased to provide an up | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: James Purchase (G Mining Services Inc.) | |
| ABSTRACT: | Toronto, Ontario, January 21, 2020 – AEX Gold Inc. is pleased to provide an update on the Corporation’s 2019 drilling program on its 100% owned Nalunaq license in South Greenland. New Main Vein intersections in an area down-dip of historic workings in the past producing Nalunaq Mine supports the exploration target described in the project’s technical report entitled "An Independent Technical Report on the Nalunaq Gold Project, South Greenland" dated March 20, 2017 (effective date of December 16, 2016), prepared for Nalunaq A/S by SRK Exploration Services Ltd. (the "Nalunaq Technical Report"). The Nalunaq Technical Report is available on SEDAR (www.sedar.com) under AEX's issuer profile. Eldur Olafsson, CEO of AEX Gold, commented: “The objective of the 2019 drilling program was to validate the structure extension of the Main Vein across the Kirkespir Valley from South Block towards Ship Mountain. The drilling results have outperformed our expectations, including a stand-out intersection of 46.1 g/t Au over a 0.87 meter true width, and have allowed us to demonstrate the extension of the mineralized structure over an extended distance from the historical mining zones, with the structure remaining open at depth and along strike. These results are very encouraging for the future growth of the Nalunaq mine and represent further validation of the wider AEX Gold strategy in Greenland. These positive results continue to demonstrate the growth potential of the company.” | |
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