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AEX Gold secures new gold exploration license in Greenland

AEX Gold Inc. said Sept. 9 that it secured an exclusive exploration license for five subareas covering 266 square kilometers within the Nanortalik gold belt in south Greenland.

The company, formerly named Alopex Gold Inc., noted that historical work by GEUS, NunaMinerals A/S and Newmont Goldcorp Corp. identified gold mineralization in several locations within license 2019/11.

AEX plans to conduct reconnaissance prospecting and geological mapping at the site this year, with desktop work to be undertaken for larger exploration programs in 2020.

AEX also owns the Nalunaq, Vagar and Tartoq gold properties in Greenland.