Nuuk, Greenland, 2011-03-02 07:00 CET (GLOBE NEWSWIRE) -- NunaMinerals (COPENHAGEN:"NUNA.CO") is pleased to announce the identification of 14 copper-gold targets in Inglefield Land based on geophysics. Some of these targets coincide with copper-gold (+/- iron) anomalies identified by previous workers. Drainage geochemistry also points to a rare earth element (REE) potential.
Commenting on this positive evaluation of the region, NunaMinerals CEO, Ole Christiansen said: “Our 2010 airborne gravity and magnetic survey in Inglefield Land was focussed on the iron-potential of the area. This turned out to be less favourable than anticipated, but interpretation of the new geophysical data, combined with historic geochemical and EM data, has pinpointed a number of targets, some of coincide with historical geochemical anomalies for copper and gold. Rock samples in the area contain up to 1.3% copper and 12.5 g/t gold”.
NunaMinerals has applied for a c. 4,500 km2 enlargement of the Inglefield exclusive exploration licence, in which the majority of the copper-gold prospective ground has been included. This will bring the ground held by NunaMinerals at Inglefield to approximately 5,800 km2.
See enclosed PDF-file for details.
Ole Christiansen, CEO, oc@nunaminerals.com
Phone +299 36 20 01; cellphone +299 55 18 57
