NUNAMINERALS (COPENHAGEN: NUNA.CO / NUNA:DC) REPORTS INITIAL RARE EARTH DRILL RESULTS, QEQERTAASAQ 2011

REE veins grades up to 4.5% TREO over 4.7m. Downdip continuity of more than 100 m and strike continuity of more than 160 m demonstrated. Phase 2 drilling and metallurgical studies initiated.


Nuuk, 2011-10-06 07:50 CEST (GLOBE NEWSWIRE) -- Ole Christiansen, CEO of NunaMinerals stated: “We are very pleased with these initial results and have initiated phase 2 drilling at the prospect. Holes 3, 10 and 13 along with re-analyses of a vein from historic drill hole Qa-11 (Kryolitselskabet 1976) intersected high grade mineralisation over mineable widths and a strike length of at least 160 m. Our mineralisation seems to be coarse grained, with a simple mineralogy and metallurgy that might be amenable to low cost pre-concentration and direct leaching. We have therefore initiated REE purification testing of direct leached mineralised samples”.

See enclosed PDF-file.

         Ole Christiansen, e-mail oc@nunaminerals.com; phone +299 362001; cellphone +299 551857


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