Announcement Date: 2022-04-04
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: AEX Gold Inc.
Project name: Nalunaq
Location: Greenland
Commodities: Gold
Highlight: Drilling results incl. 0.5m @ 31.43g/t Au from 152.87m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: 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 4,090km2 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. 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.
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