AEX Gold Inc.

Description

AEX Gold Inc. is a publicly-traded gold exploration development and acquisition company focused on Greenland. The gold exploration company has its shares listed on the TSX Venture Exchange under the symbol AEX.

AEX Gold owns six gold properties that include:

• Nalunaq Project

• Vagar Project

• Tartoq Project

• Nuna Nutaaq Project

• Anoritooq Project

• Saarloq project

The Nalunaq gold mine is an underground, past-producing mine in South Greenland. Between 2004 and 2009, the mine was responsible for the production of around 350,000 ounces of gold and has demonstrated low-cost production potential.

The drilling activities on the project since 2017 have raised the identified gold mineralization structure at Nalunaq. AEX believes that the project has significant potential for additional resources. The Nalunaq gold mine is completely owned by AEX Gold Inc. through its Greenland subsidiary Nalunaq A/S with validity up to April 2033.

The Vagar Project is a 100 per cent owned property of AEX Gold in the highly prospective Nanortalik Gold Belt covering most of the Niaqornaarsuk Peninsula and the immediate surroundings of the Nalunaq Gold Mine covering a total area of 292 km sq.

The exploration company has full ownership of Tartoq Project that covers the entire Tartoq Gold Belt for a total of 248 km sq and hosts high-grade gold mineralization in the classic Archean greenstone belt setting.

AEX Gold claims to be strongly committed to environmental and safety responsibility. AEX educates its workers, employees, and contactors about safe working practices to eliminate the risk of accidents and potential hazards or injuries.

As per the Edison Investment report, AEX’s recent exploration program intends to expand the current 263koz NI 43-101 gold resource. AEX went public with an IPO on the TSX Venture Exchange with a placement of C$6.8 million in July 2017.

Previously, the company was known as Alopex Gold and it changed its name to AEX Gold Inc. in June 2018. The publicly-traded gold exploration company publishes its financial reports, share prices and other investor related documents on its official website.