The gold explorer said the team is beginning work to further develop the company’s understanding of the area to the south west of the deposit, which is thought to be a parallel structure.
Extensive drilling between 2017-2020 demonstrated how the area, known as Valley Block, has good continuity of the main gold vein, with high-grade gold intersections returned.
“After the disruption to our activities due to COVID-19, it is very exciting to now see meaningful progress on site at Nalunaq,” said chief executive Eldur Olafsson.
“We are very confident that the work being undertaken will demonstrate significant gold potential in the Valley Block area.”
Further exploration is scheduled for other projects in AEX’s portfolio during the current year.
This will focus on nine targets, of which three are potentially large gold prospects, the company said.
The other six targets are expected to be highly prospective for strategic minerals including copper, zinc, silver, iron oxide copper/gold, rare earths, graphite, and platinum group metals.
Olafsson added: “We are also very excited to be accelerating our wider exploration programme. We have the premier land package in South Greenland and expect to benefit strongly from the increasing global demand for strategic minerals. We look forward to updating shareholders regularly as our programme progresses.”