Hudson’s Neodymium Magnet mine could be a source of feedstock for the high-end fiberglass industry.
Aheadoftheherd: Rick could you give us some basic facts regarding Greenland, an introduction if you will.
Rick: Greenland is the largest island in the world, its located in the North Atlantic Ocean adjacent to the Canadian arctic archipelago. About 84 per cent of Greenland is ice cap but there’s an ice-free zone around the ice that’s up to 300 kilometers (kms) wide.
We’re talking an area of about 410,000 km². Just to give your readers a reference as to how big an area that actually is, Germany is 357,000 km².
AOTH: Greenland’s been making news over the last while about being one of, if not the last, frontiers for resource extraction. How prospective for discovery is this immense area?
Rick: Very. As I mentioned just over 80 percent of Greenland is covered by the ice sheet, the exposed area suitable for mineral exploration and project development forms a fringe around the coast.
These non ice covered coastal areas are simply an extension of the Canadian Shield so Greenland’s geology is continuous with that of Canada and includes:
Archaean cratons - potential for diamonds, gold, REE
Palaeoproterozoic mobile belts - potential for base metals, PGEss, gold and tantalum
Lower Palaeozoic sediments - potential for base metals
Carboniferous Cretaceous sediments - potential for coal
Lower Tertiary intrusive complexes, the Skýrgaard intrusion being the most important in terms of gold and PGE potential
AOTH: The geology is the same as Canada’s north, are working conditions?
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