Greenland (2010 - up to the present)

Work on this project, in which the Czech CGRG Company is the investor, was launched in 2010 with the processing of a comprehensive study, the main objective of which was to evaluate the resource potential of the raw materials of this largest island in the world, including the identification of prospective areas with a presence of rare earth and precious metals mineralisation. On the basis of the conclusions and recommendations presented in early 2011 applications were prepared and submitted for granting two exploration licences in the Caledonides range of East Greenland - one on Milne Land Island and the other in the eastern part of Traill Island – that were granted to the CGRG Company by the Greenland authorities in June of the same year.

The initial stage of fieldwork in the areas covered by both the licences was carried out by four of our geologists in August and early September of 2011. Their main objective in addition to refining the areal scope and the deposit development of paleoplacers with the occurrence of rare earth minerals on the island of Milne Land, was to conduct a basic verification of the scale and the deposit potential of primary REE-Zr-Nb-Ta and Mo mineralisations (Traill Island).

All transfers of geologists and materials were provided from the Constable Pynt airport by means of the Bell 212 Cobra helicopter of the Air Greenland State Enterprise. The logistics, the supplies for and the security of our geological expedition were ensured by specialists from the Danish POLOG Company, former members of the special Sirius Patrol military unit. The deposit samples collected, after their primary treatment in the Czech Republic were sent to ACME Analytical Laboratories Ltd. in Vancouver, Canada for the implementation of requisite chemical analysis. The evaluation of the test results and of the field data obtained led to both the detailed specification of the quantitative-qualitative parameters of all the deposit objects listed above and to the discovery in this area of previously unknown, promising sources of raw materials (Ti-Fe-V ores, feldspar syenites).

During the year 2012, based on the recommendation of our geologists, additional applications were filed for a new exploration licence in Eastern Greenland (the Kap Parry area of young intrusions) and for two newly defined areas in southwestern Greenland. These are prognostically interesting areas with anomalous contents of REE in stream sediments; also recorded in part of one of these areas were increased contents of gold. This year a reinterpretation of the geophysical and geochemical datasets of the Danish Geological Survey is taking place in these areas with the goal of identifying and locating deposit targets for subsequent field verification.

More photos from the fieldwork in Greenland can be found in the Corporate Calendar for the year 2013.