Greenland offers greenfield exploration opportunities

OUT AND ABOUT: When most people speak of Greenland they often remark how ironic it is the country is covered in white ice.

What these folk tend to overlook, however, is the greenfield exploration potential the country has on offer to any mining company geologist who is willing to freeze their assets while crossing its frozen expanse.

A host of companies from two of the world’s major mining countries Australia and Canada gathered with representatives from the Greenland Government to espouse the country’s virtues as an emerging mining province.

Greenland Day has been held in Perth since the country’s Department of Minerals and Petroleum (DMP) attended the Diggers and Dealers conference four years ago.

“At that time we got the idea to make this Greenland Day because we want to attract the exploration companies from Australia,” Greenland BMP head of geology Henrik Stendal told The Roadhouse.

“We now have a lot of Australian exploration companies in Greenland. It is nearly the largest group in Greenland at the moment.”

The last decade or so has seen a symbiotic relationship develop between the Australian companies taking their expertise and heading up to Greenland and the mining opportunities the country presents for those companies.

These include Platina Resources, which is developing its 100 per cent-owned Skaergaard PGM/gold project.

The Skaergaard project boasts an Inferred Resource of 5.8 million ounces of gold, 2.03 million ounces of palladium and 0.17 million ounces of platinum that is compliant with both the JORC Code and Canadian National Instrument 43-101.

Skaergaard is considered to be one of the world’s largest known palladium deposit and gold deposits.

 

Skaergaard location map. Source: Platina resources presentation

Greenland Minerals and Energy recently enjoyed some encouraging news with the government of Greenland amending the terms of the company’s exploration license that covers the Kvanfjeld multi-element project to now be inclusive of exploration for uranium.

Ironbark Zinc is focused on the development of its world-class Citronen project, which currently hosts in excess of 11 billion pounds of zinc and lead.

The current JORC compliant resource for Citronen stands at 59.9 million tonnes at 5.9 per cent zinc plus lead.

“I would also say that the Australian companies, they have some of the best licences because they have the big, giant deposits and they are also in advance stages of exploration so they will soon be able to get into production,” Stendal said.

“They are really the forerunners of exploration companies in Greenland.”

It would be easy to assume the Australian companies currently operating in Greenland are exploring he bigger and better projects Stendal describes as they were up there early and were able to grab the best licences.

This is not entirely on the money as most of these deposits, were originally discovered by Canadian companies exploring in the region years earlier.

Although the earlier Australian explorers have been able to capture some fairly impressive ground, Stendal is confident there are still plenty of opportunities available for companies if they were to head up to Greenland to take a look around.

“Yes, because Greenland is fortunate to have a rich geological history, from the time the earth was born,” Stendal said.

“There is four billion years of geological history in Greenland so that also means we have all types of mineral deposits, but you just have to find them.”