London South East were delighted to welcome Eldur Olafsson, CEO at AEX Gold (AEXG), the AIM and TSXV-listed company exploring in Southern Greenland for gold and battery metals, where they have a massive 4000 square kilometre highly prospective portfolio.
Eldur describes Greenland as 'Elephant Country' and says it is one of the three frontiers in the world which has yet to be explored. "We have been working there for the past 8 years and our key focus has been to create a Greenlandic business, which is of benefit to the people of Greenland. Our key focus is to build and operate our portfolio with the people and stakeholders in Greenland" explained Eldur.
The Nalunaq gold mine was operational until 2014 and reopening that mine and building up the resource to 2 million ounces is Eldur's key priority. Meanwhile a lot of drilling has been taking place across the portfolio, with very positive assay results RECENTLY released for Nalunaq and for Sava, and more to come. Sava may prove to be a Greenlandic extension of a known IOCG (Iron Oxide, Copper and Gold) belt, which is a very exciting discovery if true.
With such a prospective portfolio, the main question is how to fund the exploration and growth to a stage where other miners wish to enter into a joint venture and share the costs.
Amaroq Minerals (AMRQ)