STORØ: Initial drilling intersects 28,75 m of 6,74 g/t gold, including 10,0 m of
15,02 g/t gold
NunaMinerals and partner Nuukfjord Gold Ltd. is pleased to announce initial
drill results for the Storø, Nuuk Gold Province, west Greenland.
Highlight drill results are summarized in the table below.
Phase 1 Highlight Storø Diamond Drill Results
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| DDH | From | To | Interval * | Gold |
| | meter | meter | meter | gpt |
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| 51 | 83,00 | 86,55 | 3,55 | 0,64 |
| | 98,00 | 99,46 | 1,46 | 1,43 |
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| 52 | 57,60 | 60,82 | 3,22 | 7,65 |
| including | 60,00 | 60,82 | 0,82 | 10,40 |
| | 66,28 | 66,90 | 0,62 | 8,92 |
| | 148,00 | 151,00 | 3,00 | 3,49 |
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| 53 | 133,50 | 135,32 | 1,82 | 7,79 |
| including | 134,35 | 135,32 | 0,97 | 13,10 |
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| 54 | 22,25 | 51,00 | 28,75 | 6,74 |
| including | 22,25 | 22,88 | 0,63 | 21,00 |
| including | 39,00 | 49,00 | 10,00 | 15,02 |
| and | 31,00 | 32,00 | 1,00 | 11,50 |
| and | 40,00 | 41,00 | 1,00 | 87,50 |
| and | 46,00 | 47,00 | 1,00 | 38,70 |
| | 134,50 | 136,00 | 1,50 | 6,38 |
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| 57 | 25,78 | 32,00 | 6,22 | 0,99 |
| including | 25,78 | 29,50 | 3,72 | 1,26 |
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| 58 | 35,00 | 35,70 | 0,70 | 19,20 |
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| 60 | 30,00 | 31,50 | 1,50 | 1,80 |
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| 61 | 45,62 | 50,00 | 4,38 | 2,30 |
| including | 45,62 | 47,00 | 1,38 | 4,47 |
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*) Interval lengths are not true widths.
A total of 15 diamond drill holes have been completed for a total of 2,225
meters from 9 pad locations. Five holes targeted the BD Zone and ten targeted
the Main Zone (4 of which also tested the underlying BD Zone). A drill plan map
is available on the company website illustrating hole locations and individual
hole details.
Recent Storø surface mapping and geological review have expanded on earlier
structural interpretations revealing that gold bearing quartz veins, along with
essential sulphide mineralization, are bound within a structural corridor
defined by the axial plane of a broad anticline which plunges -45 degrees to the
east-northeast (about 065 degrees). Holes 62 to 65 tested the east-northeastward
extension of the Main and BD Zones, while holes 57 to 61 were collared below the
Qingaaq mountain ridge top investigating the down dip extension of known surface
BD Zone gold mineralization. Drill hole 54 is an infill hole and was collared
within the of the central portion of the Main Zone; earlier historical drill
results within this immediate area are also highly anomalous in gold. Holes 55,
56, 59, and 62 to 65 yielded generally narrow intervals of weakly anomalous gold
values.
All holes were drilled westerly, with dips ranging from -45 to -78 degrees;
holes 54 and 61 were drilled vertically. The average hole depth is 148 meters,
with a maximum hole depth of 220 meters.
Regional work, focussed on multiple other areas within the Nuukfjord Gold
Province has been ongoing and initial analytical results from that work are
expected soon.
Core samples were collected under the supervision of Michael Moore, P.Geo. BTW
diameter diamond core was descriptively logged on site, aligned, marked for
sampling and then split in half, longitudinally, using a hydraulic splitter.
One-half of the core is preserved on site in core boxes for verification and
future reference. The samples comprising the other half of the core were bagged,
sealed and delivered directly to the analytical laboratory. Samples were
delivered to ActLabs Greenland, which follows the protocol for ISO 17025 with
all data reviewed by ISO 17025 accredited Activation Laboratories Ltd.,
Ancaster, Canada. The core samples were dried, crushed and pulped. Samples were
crushed (90%) to approximately minus 10 mesh and split using a riffle splitter.
An approximately 250 gram sub-sample split was pulverized using a ringmill to
approximately minus 140 mesh. A 30.0 gram split from the resulting pulp was then
analyzed for gold by fire assay with an ICP-OES finish. Gold results exceeding
10.0 gpt were re-run, where a subsequent 30.0 gram split was subjected to fire
assay and a gravimetric finish. Select samples which contained visible gold were
subjected to a 500 gram metallic screen fire assay analysis. All coarse rejects
and pulps are currently stored at Actlabs Greenland. An estimated total of 4%
assay standards and 4% blanks were inserted into sample shipments as a quality
control measure in addition to the internal quality control measures applied by
the laboratory.
FURTHER INFORMATION:
Ole Christiansen, CEO, phone: +299 36 20 01, mobile: +299
55 18 57
Anton Christoffersen, bestyrelsesformand, telefon +299 32 52 10, mobil: +299 55
52 10
ABOUT NUNAMINERALS
NunaMinerals A/S is Greenland's leading company in the exploration of gold and
other precious and base metals.
Firmly rooted in Greenland, the company is well positioned to exploit the
mineral potential of one of the world's few remaining unexplored regions. The
geology of Greenland has a number of similarities with that of long-established
mining countries such as Canada, South Africa and Australia, which all have
substantial mineral deposits of gold, platinum, nickel and copper, among other
commodities.
The company has established partnerships with other mining and exploration
companies, including the world's second-largest mining company, Rio Tinto.
In June 2009, NunaMinerals established a partnership with Vancouver-based
Nuukfjord Gold Ltd regarding the continued exploration and development of the
Nuuk Gold District, which includes two advanced exploration plays: the Storoe
Gold Deposit and the Qussuk Gold Prospect. Setting up partnerships that may
bring further technical and financial expertise to the development of the
company's exploration prospects is a key element of NunaMinerals' business
model.
NunaMinerals began operations in 1999 and is headquartered in Nuuk, Greenland.
The company is listed on NASDAQ OMX Copenhagen A/S under the symbol “NUNA”.
For more information, please visit our website: www.nunaminerals.com.