A prefeasibility study is planned for the Peary Land zinc project in northeastern Greenland.
In late September, Platinova (PAS-T) completed a 6,400-metre delineation drill program in a 42-hole program. Results indicate high-grade mineralization.
The L2 and XX zones host a total of 5.7 million tonnes grading 9% zinc and 1% lead.
L2 is a sheet-like body with a strike length of about 1 km and a northerly dip of 6. Lying between 100 and 150 metres below surface, the structure is open along strike to both the north and south, and remains untested at its eastern and western limits.
The XX zone is a narrow body (less than 50 metres wide) exhibiting replacement-type mineralization, which extends over a strike length of about 1 km. Surface exposure occurs at the eastern end of the zone, while the western limit lies 100 metres below surface.
The thicker, central portion hosts 2 million tonnes of 11.5% zinc and 1.6% lead.
Total resources at the sedimentary exhalitive-type deposit, excluding the high-grade zones, are 25 million tons grading 7% zinc and 1% lead.
In early April, Platinova will resume drilling with a 4,000-metre program, which may be extended by another 4,000 metres at the end of the summer.
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