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Greenland Energy and Minerals (GGG) URANIUM BREAKTHROUGH
December 2011 Quarterly Activities Report
Monday, 30th, January, 2012 Highlights New uranium licensing framework introduced for the Kvanefjeld project Licensing developments provide GMEL with the right to exploit all economic components of the world‐class Kvanefjeld resource, pending outcomes of environmental and social impact assessments 2011 drilling at Zone 2 delivers broad, high‐grade uranium‐REE intercepts with strong continuity Initial JORC‐resource estimate for Zone 2 anticipated late in Q1 2012 Significant increase in overall uranium and REE resources expected, at upper end of grade range Results of 2011 drilling at Zone 3 anticipated in the coming weeks Initial JORC‐resource for Zone 3 expected late in Q1 2012 Technical work programs continue on track, with the aim of finalising the optimal flow‐sheet for Kvanefjeld in the coming weeks Environmental and social impact assessments advancing on schedule I have posted about ASX:GGG many times and have held them for several years. It is my opinion that that GGG will change the Rare Earth supply - demand equation and that GGG will become one of the world's most powerful REE companies now that they can exploit their vast resources. Visit www.australianrareearths.com to see how GGG compares to LYC, ALK etc
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Activities of Radioactive elements always shows an hazardous effects towards environment as well as for wild flora and fauna.
Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice. |
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