Resource World Magazine

Greenland has attracted mining companies from all over the world, including Canada, Sweden, Australia, the UK, Korea and China as close as possible to tide water. There are two helicopter charter companies in Greenland, a diamond drilling company and welding shops. Supplies arrive at least on a weekly basis from Denmark. Pattison pointed out that there are no First Nations issues in Greenland as are found in Canada since the citizens of Greenland are all Greenlanders that vote and belong to one country – not nations within a nation. Since there are not many other industries, the Greenlandic government is pro-mining. Any taxation revenue derived from mining goes to the Greenland home-rule government – not Denmark, so there is an incentive to build mines. The Greenlandic government is responsible for everything except defense and foreign relations. "It is possible to operate some exploration programs in the winter, although there is limited daylight." said Pattison. "Open pit mining can be carried out throughout the year in southern locales." Greenland has attracted mining companies from all over the world, including Canada, Sweden, Australia, the UK, Korea and China. Below is a selection of Greenland mineral projects. Angel Mining PLC intends to reopen the Black Angel lead-zinc mine at Maarmorilik on the west coast of Greenland. The company operates the underground Nalunaq gold mine where it poured the first gold bar in August 2011. North American Nickel Inc. [NANTSXV; WSCRF-OTCQB] has been diamond drilling on its 100%-owned explorationstage Maniitsoq nickel-copper-cobalt-PGM project in southwest Greenland. VMS Ventures Inc. [VMS-TSXV] owns approximately 27.5% of NAN. North American Nickel conducted a drilling program last november 2013 summer that focused on testing high priority electromagnetic (EM) anomalies defined within the 70 km-long Greenland Norite Belt and on following up the multiple high-grade nickel sulphide intersections drilled by NAN last year at Imiak Hill and the Spotty Hill discovery. Recent drill core has revealed a third zone (Imiak North) of sulphides ranging from disseminated to massive. Assays are pending. The company has been exploring the prospect for three years with last year having the first drill program. Results to date indicate there are multiple discreet nickel deposits with a truckable distance of about 10 km. Northern Shield Resources Inc. [NRNTSXV] can earn a 50% interest in the 120 km2 Ikertoq nickel prospect from Greenland Gold. The property is strategically located 60 km from Kangerlusuaq International Airport and 8 km from a deep water fjord. Earlier, sampling by Greenland Gold in 2010/2011 identified high-grade nickel mineralization on surface. Fourteen of 160 samples collected assayed greater than 1% nickel with a high of 5.2%. A nine-hole drilling program totaling 2,124 metres was carried out this past summer as well as surface sampling. Assays are awaited. A PGE zone was intersected in drill hole 13IQ-09 that assayed between 0.2 and 0.4 g/t platinum + palladium between 94 and 152 metres in depth as well as a second PGE zone at 254 metres that returned 0.27 g/t platinum + palladium that continued to the bottom of the hole at 275 metres. True North Gems Inc. [TGX-TSXV; TNF-FSE] has been defining ruby and sapphire resources at its 100%-owned Aappaluttoq Project 160 km south of Nuuk, southwest Greenland. Rubies and sapphires are varieties of the mineral corundum (aluminium oxide). The company has completed a pre-feasibility study with favourable economics and plans to build an open pit mine with a nine-year life with expansion potential. Total indicated and inferred resources stand at 266,310 tonnes containing 405,680,000 carats. The initial capex is $37.4 million with a pre-tax IRR of 19.1% and a pre-tax NPV (8%) of $25.7 million. Talks have been under way at public hearings and with the Greenland government. Hudson Resources Inc. [HUD-TSXV; HUDRF-OTCQX] has been drilling its White Mountain anorthosite (a mineral used to make fiberglass) project. The project is located 80km southwest of Kangerlussuaq, Greenland's international airport and is adjacent to tidewater on Sondrestrom fjord. A 120-tonne bulk sample will be collected this fall for a pilot test in Europe. Infrastructure construction is ongoing in anticipation of extracting larger bulk samples. Hudson also completed a surface sampling last May that returned assays that meet the requirements of the fiberglass industry. Hudson recently reported that it has successfully produced alumina (aluminum oxide) from initial bench-scale testing on the calcium feldspar anorthosite from White Mountain. The objective was to produce smelter-grade alumina. Greenland exploration company NunaMinerals A/S [NUNA.CO/NUNA. DC-Copenhagen] has been channel sampling at its Vagar Project in southwest Greenland where assays ranged up to 70 g/t gold over 13 metres in Vein 2. The company completed a limited drilling program last summer at Amphibolite Ridge. NunaMinerals is seeking deposits of gold, diamonds, antimony, tungsten, copper, zinc and REEs. The company has partwww.resourceworld.com 41

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