The staking rush triggered by the discovery of the Voisey Bay nickel-copper-cobalt deposit in Labrador has spread further afield. In the North Atlantic, Canadian companies are acquiring licences on the remote, but geologically similar, island of Greenland.
In June, the Ministry Resources Administration (MRA) granted five new exploration licences for the western portion of the Danish island. The licences comprise more than 6,900 sq. km.
All the licenses have been allocated to companies exploring for what the MRA terms “Voisey Bay-type deposits.”
Earlier this year, another licence was granted, covering 4,332 sq. km. This expands the total licence allocations in the region to 11,235 sq. km.
Significantly, Diamond Fields Resources (TSE) has applied for two licence areas totalling 2,536 sq. km. One licence covers 2,245 sq. km in the southwestern portion of the island, while the other comprises 296 sq. km in west-central Greenland.
Additional licences were awarded to long-time Greenland explorer Platinova A/S (TSE), which acquired 402 sq. km in southwestern Greenland, as well as two licences totalling 3,960 sq. km in the west-central portion.
Earlier this year, Cominco Resources International (TSE) and Cominco (TSE) were granted an licence covering 4,332 sq. km in the west-central portion of Greenland.
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