GreenX Metals Ltd on Friday said that it has agreed an extension of the option agreement with Greenfields Exploration Pty Ltd to buy the Eleonore North gold project in eastern Greenland.
According to the Greenland-focused minerals exploration company, the agreement has been extended from June 30 to July 15, while GreenX and GEX negotiate to vary the commercial terms of the deal.
As previously announced, Eleonore North has the potential to host a reduced intrusion-related gold system, analogous to large bulk-tonnage deposit types found in Canada.
Gold mineralisation has been documented at the high-priority Noa Pluton prospect within Eleonore North. The licence area contains other gold targets as well as copper, antimony and tungsten prospects.
Shares in GreenX Metals were flat at 46.50 pence each in London on Friday morning.
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