Alba Mineral granted licence to further explore Inglefield Land
Source - SMW
Alba Mineral Resources was granted a mineral exploration licence in north-west Greenland, within the region known as Inglefield Land which hosts a range of high value commodities.
The new Inglefield Land licence block covers an area of 466km comprising four sub-areas which are located 95km north to 200km northeast of Qaanaaq.
The company said geophysical surveys by GEUS identified that Inglefield Land has the potential for copper-zinc volcanogenic massive sulphide (VMS) deposits.
Previous extensive surface sampling reported anomalous copper (up to 1.39%), gold (up to 1.7g/t), cobalt (up to 0.16%), vanadium and nickel.
Alba's Executive Chairman, George Frangeskides, said: 'We are very pleased to have added to our exploration ground in Inglefield Land. Once further ground became available late last year, we identified the major areas of interest and submitted our application, and are grateful for the continued vote of confidence in our team's work in-country which has been shown by the MLSA and the Government of Greenland in awarding us this licence.'
'Inglefield Land hosts a range of high value commodities, including gold but also encompassing a range of metals that, aside from their long-standing industrial uses, have key roles in the EV battery and renewables sector, namely copper, cobalt, vanadium and nickel. The price of cobalt in particular is up over 100 per cent in the past 12 months.'
'We have the advantage that we can continue now the extensive work undertaken in Inglefield Land by the previous operators which work has confirmed promising grades for a suite of high value minerals and metals.'