- GoldSpot Discoveries (SPOT) is releasing the results of a structural interpretation and gold target generation on the Tartoq Project, owned by AEX Gold
- The project is located in the under-explored territories of Southern Greenland
- GoldSpot used recent airborne surveys to generate insights into the structural framework of the Archean terrain
- The company generated a series of prioritized gold focused targets, using its proprietary Smart Targeting approach
- GoldSpot Discoveries is down 1.82 per cent, trading at $1.08 at 11:55 am ET
GoldSpot Discoveries (SPOT) is releasing the results of a structural interpretation and gold target generation on the Tartoq Project, owned by AEX Gold.
The project is located in the under-explored territories of Southern Greenland. AEX recently acquired airborne aeromagnetic and radiometric surveys.
GoldSpot used the surveys to generate insights into the structural framework of the Archean terrain which is considered to be similar to the prolific multimillion-ounce Abitibi greenstone belt.
The Toronto-based mineral exploration technology services company was able to delineate “significant potential for large-scale deposits.”
“Tartoq is one of our primary gold focused ways from our development activities at Nalunaq; as such it is critical that we continue to build on our geological understanding of this Archean terrain. I’m delighted to continue our working relationship with Goldspot and through their review, assessment and innovative approach to our geophysical data, further refine our prospective Orogenic gold targets across Tartoq,” said AEX Gold VP of Exploration, James Gilbertson.
GoldSpot’s interpretation delineates a “complex structural pattern of folds and shears within a regional northeast-trending dextral strike-slip corridor bounded by thrust faults.” The company generated a series of prioritized gold-focused targets, using the proprietary Smart Targeting approach, for follow-up groundwork and geological verification.
“The expert team at GoldSpot were able to highlight significant potential for large-scale deposits on the Tartoq project. Over 20 different targets were identified at both Nuuluk and Iterlak. These targets were identified and ranked by the GoldSpot Smart Targeting approach. We look forward to working with the AEX exploration team to validate these targets and further advance the licences,” said GoldSpot CEO Vincent Dubé-Bourgeois.
GoldSpot Discoveries is down 1.82 per cent, trading at $1.08 at 11:55 am ET.