Member Info for Andysel

GreenRoc’s wholly-owned subsidiary White Eagle Resources Limited (“White Eagle”) is the 100% owner and operator of the Inglefield Multi-Element Project. Inglefield is located in the same region in north-west Greenland as GreenRoc’s Thule Black Sands and Melville Bay Iron projects. The Group therefore benefits from significant logistical benefits and economies of scale during the summer field season.

Extensive historic exploration has reported the presence of cobalt, copper, gold, vanadium and nickel, and the potential for Inglefield to host a range of mineralisation styles, from copper-zinc volcanogenic massive sulphide (VMS), porphyry copper and iron oxide-copper-gold (IOCG) deposits.

Field work in 2018 confirmed copper-gold-silver-molybdenum mineralisation at the Four Finger Lake target over a 500 metre zone. In 2019 White Eagle commissioned an independent geophysical data review which confirmed the IOCG prospectivity of the Four Finger Lake target. IOCG deposits are characterised by having very large tonnages at moderate grades.

GreenRoc’s Melville Bay Iron Project is located within the same geological belt, the Committee Belt, as the world-class Mary River iron ore mine, operated by ArcelorMittal and Nunavut Iron Ore, across Baffin Bay in far northern Canada.

More than 4000 metres of historic drilling at Melville Bay Iron has confirmed the presence of a folded magnetite-banded iron formation (BIF) sequence with a true thickness of 20-50m and a strike length of approximately 2.7km, and has resulted in the declaration of a Mineral Resource Estimate of 67Mt at 31.4% iron (Fe).

Previous exploration targets at Melville Bay Iron have been in the range of 93-269 million tonnes at 27-47% Fe, showing the potential for extension drilling to add significant tonnes to the existing declared resource. Completed metallurgical test work has also demonstrated the ability to produce a high quality, coarse grained magnetite concentrate at Melville Bay, grading 70% Fe, with low impurities (2.0% SiO2, 0.3% Al2O3 and 0.01% P).

Several high-grade assay results (more than 60% Fe) and a drill intersection grading 68.2% Fe, indicate that high-grade, high-value Direct Shipping Ore (DSO) iron is found at Melville Bay, in particular at the Haematite Nunatak target.

The potential for DSO material in the Committee Belt is amply demonstrated by the several high-grade deposits which comprise the Mary River Iron Ore Project, including the Mary River Deposit No.1, which has a declared Mineral Resource of more than 350 million tonnes at an average grade of 64% Fe and has been in production since 2014, with iron ore sales of around 4 million tonnes per annum exported to markets in the UK, Europe and Japan.

Located in north-west Greenland, some 80 km south of the regional settlement of Qaanaaq, Thule Black Sands benefits from a nearby domestic airport and deep-water harbour, and with sheltered bays on the Project coastline which could prove invaluable for the siting of future infrastructure. The heavy mineral sands at TBS are found at or near surface on active beaches and raised terraces.

In June 2021 an independent Exploration Target* was determined for the TBS Project. The Exploration Target for the combined North, Central and South areas was declared to range from 70 to 300 million tonnes of material with a range of percentage of total heavy minerals (THM%) of 35-50%, a range of ilmenite grade (as a percentage of THM) of 12-22% and a range of in-situ ilmenite grade of 6-11%.

*The potential quantity and grade of the Exploration Target is conceptual in nature, insufficient exploration has been completed to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

This Exploration Target was partially tested in the follow-up drilling programme which was completed in the summer of 2021. A total of 249 holes were drilled, extending from the southern tip of the licence for a distance of 8 km to the north. Depths of mineralised sand reached up to 6m in some places, with average depths of 2.2m. A drone photogrammetric survey and bathymetric off-shore survey were also completed, which will assist in future mine and infrastructure planning.

While the higher-grade southern portion of the licence has now been comprehensively drilled, there remains further upside potential in the central and northern areas. It is intended to cover these areas by extension drilling in the same way during next year’s field season.

Once the drill samples have been assayed, an independent Competent Person will determine the appropriate upgrade to the existing Mineral Resource estimate. A significant upgrade will pave the way for GreenRoc to commence scoping level studies to assess the economic exploitation of the Project and to plan for the EIA and SIA work in 2022, as a precursor to an application for a Mining Licence

i don't recall this presentation being referred to previously, so its new to the website

interview on sky news this morning - it starts at 44 mins 28 secs into the recording
https://news.sky.com/story/ian-king-business-podcast-supply-crisis-oil-price-surge-and-the-hunt-for-greenland-metals-12420359

her words were "comfortable with the stage of negotiation on Val 201 so we can spend more time on 401 too"

"comfortable with the stage of negotiation on Val 201" - Suzy

I see the same old trolls here as on Alba,

i'm hearing we could be on sky news very soon,

Rumer has it that we are on sky news very shortly

mine isn't showing for some reason

i;m 100% sure all the trades are buys and not sells as shown

There is now also a dedicated forum for GROC on LSE

i'm here and now got some shares, the forum for greenroc has only just come online

@sharegnomie, its now listed with HL

https://www.**********.co.uk/articles/newly-listed-greenroc-mining-discuss-their-assets-and-rationale-for-ipo-51a18be/
replace the ** with v o x markets

https://www.londonstockexchange.com/news-article/GROC/first-day-of-dealings/15151070

"moving into the development phase at clogau with their geologists and mining engineers"

https://audioboom.com/posts/7948044-george-frangeskides-of-alba-mineral-resources-discusses-greenroc-mining-their-greenland-spin-out

@Jaffa
I agree and as Greenroc progresses and the MC rises over time then so does Alba's stake/asset which in turn will translate down to a rising SP for Alba