A zinc-lead-silver project with similarities to the Polaris mine in Canada’s High Arctic has caught the eye of
The London-based major plans to spend US$500,000 on a summer program to test a mineralized zone and geophysical targets on
Several surface showings were found two years ago in the Lower Paleozoic shelf carbonate sequence, within strongly dolomitized and brecciated rocks similar to those hosting Polaris.
Early this year, the Geological Survey of Denmark and Greenland released the results of an airborne geophysical survey flown over much of Washington Land, including Platinova’s licence. The company has since expanded its licence to include ground covering numerous geophysical anomalies.
Last year’s program also included geological mapping and surface sampling, which found that the mineralized zone extended more than 4 km. The mineralized showings were scattered along this strike length over a width of 250 metres. Samples from outcrops and frost-heaved material returned zinc grades of up to 42% and up to 258 grams silver per tonne plus lead. A gravity anomaly coinciding with the western part of the mineralized zone will be the initial target tested in the current program.
Rio Tinto can earn a 60% interest in the Platinova licence by funding all work through feasibility. The land package is about 30 km from tidewater.
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