Conico Limited announced the identification of high-grade gold at Sortekap Prospect in Greenland. The results are from drill-hole SODD003 that was completed during the 2021 field season, with assays only recently received due to Covid-19 related delays. The Sortekap Prospect is within Conico's 100% owned Ryberg Project, located on the east coast of Greenland. The results of drill-hole SODD003 constitute the first time an orogenic-gold occurrence has been iden-
tified on the east coast of Greenland. It has given impetus for the Company to increase its licence area, with an application lodged for additional adjacent ground. Little to no historic exploration activities for orogenic gold have occurred on Greenland's east coast, with Conico now the first mover and in a strong position to expand on this discovery during the 2022 field season. Similar orogenic occurrences are well known on Greenland's south coast, with the historic Nalunaq Gold Mine producing over 350,000oz gold from mineralisation with an average grade over 15g/t Au. A total of three drill-holes were completed at Sortekap in 2021, two of which (SODD001 and SODD002) were targeting induced polarisation (IP) anomalies, while the third (SODD003) was targeting a zone of rock samples that had returned anomalous gold in previous analysis. As previously announced, drill-hole SODD001 intersected nickel sulphides in a serpentinite unit.
The recently interpreted regional magnetic-radiometric survey has identied the presence of a significant geological structure to the south of SODD003, a deep-seated fault that has a lateral displacement of ~3- 4km and vertical displacement of ~1km. This structure may have provided the conduit for ascending
hydrothermal fluids and will be an important guide for future exploration.