AEX Gold Inc Exploration Team Arrive on Site (9553A)
June 07 2021 - 01:00AM
UK Regulatory
TIDMAEXG
RNS Number : 9553A
AEX Gold Inc
07 June 2021
("AEX" or the "Company")
Exploration Team Arrive on Site
TORONTO, ONTARIO - JUNE 7, 2021 - AEX Gold Inc. (AIM: AEXG;
TSXV: AEX), an independent gold company with a portfolio of gold
licences in Greenland, is pleased to announce a further update to
the exploration drilling campaign at its Nalunaq property in South
Greenland.
A team of geologists and drilling engineers have arrived on site
and are commencing work to further develop the Company's
understanding of the area to the south west of the deposit, thought
to be a parallel structure, and known as Valley Block.
This area has previously demonstrated good continuity of the
Main Vein through extensive drilling between 2017-2020 and returned
high-grade gold intersections.
A further programme of additional exploration over the wider
portfolio is also scheduled for the current year. This will focus
on nine targets, of which three are potentially large gold
prospects. The remaining six targets are expected to be highly
prospective for other strategic minerals including: Copper, Zinc,
Silver, Iron Oxide Copper/Gold, Rare Earths, Graphite, and Platinum
Group Metals.
Eldur Olafsson, CEO of AEX, commented:
"After the disruption to our activities due to COVID-19, it is
very exciting to now see meaningful progress on site at Nalunaq. We
are very confident that the work being undertaken will demonstrate
significant gold potential in the Valley Block area.
"We are also very excited to be accelerating our wider
exploration programme. We have the premier land package in South
Greenland and expect to benefit strongly from the increasing global
demand for strategic minerals. We look forward to updating
shareholders regularly as our programme progresses."
References to figures and tables relate to the version visible
in PDF format on the website by clicking the link below:
https://www.aexgold.com/investors/regulatory-news-alerts/#tsx-news
Enquiries:
AEX Gold Inc.
Eldur Olafsson, Director and CEO
+354 665 2003
eo@aexgold.com
Eddie Wyvill, Investor Relations
+44 (0) 7713 126727
ew@aexgold.com
Stifel Nicolaus Europe Limited (Nominated Adviser and
Broker)
Callum Stewart
Simon Mensley
Ashton Clanfield
+44 (0) 20 7710 7600
Camarco (Financial PR)
Gordon Poole
Nick Hennis
+44 (0) 20 3757 4980
For Company updated:
Follow @AexGold on Twitter
Follow AEX Gold Inc. on LinkedIn
Further Information:
About AEX
AEX's principal business objectives are the identification,
acquisition, exploration and development of gold properties in
Greenland. The Corporation's principal asset is a 100% interest in
the Nalunaq Project, an advanced exploration stage property with an
exploitation license including the previously operating Nalunaq
gold mine. The Corporation has a portfolio of gold assets covering
3,870km(2) , the largest portfolio of gold assets in Southern
Greenland covering the two known gold belts in the region. AEX is
incorporated under the Canada Business Corporations Act and wholly
owns Nalunaq A/S, incorporated under the Greenland Public Companies
Act.
Forward-Looking Information
This press release contains forward-looking information within
the meaning of applicable securities legislation, which reflects
the Corporation's current expectations regarding future events and
the future growth of the Corporation's business. In this press
release there is forward-looking information based on a number of
assumptions and subject to a number of risks and uncertainties,
many of which are beyond the Corporation's control, that could
cause actual results and events to differ materially from those
that are disclosed in or implied by such forward-looking
information. Such risks and uncertainties include, but are not
limited to the factors discussed under "Risk Factors" in the Final
Prospectus available under the Corporation's profile on SEDAR at
www.sedar.com. Any forward-looking information included in this
press release is based only on information currently available to
the Corporation and speaks only as of the date on which it is made.
Except as required by applicable securities laws, the Corporation
assumes no obligation to update or revise any forward-looking
information to reflect new circumstances or events. No securities
regulatory authority has either approved or disapproved of the
contents of this press release. Neither TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Inside Information
This announcement does not contain inside information.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCSSAESMEFSESM
(END) Dow Jones Newswires
June 07, 2021 02:00 ET (06:00 GMT)
Amaroq Minerals (LSE:AMRQ)
Historical Stock Chart
From Feb 2024 to Mar 2024
Amaroq Minerals (LSE:AMRQ)
Historical Stock Chart
From Mar 2023 to Mar 2024