Slide 1: 2021 Vagar Exploration Results
2021 VAGAR EXPLORATION RESULTS 9th May 2022 www.aexgold.com | AIM: AEXG; TSXV: AEX AEX Gold Inc is a Greenland-focused mining company engaged in the identification, acquisition, exploration, and development of gold properties and other strategic mineral assets in Greenland
Slide 2: Disclaimer and Technical Information
DISCLAIMER AND TECHNICAL INFORMATION The information contained herein has been provided solely for information purposes and does not purport to be comprehensive or contain all the information that may be required by recipients to evaluate AEX Gold, Inc (the “Company”). The presentation and the infor
Slide 3: 2021 Vagar Exploration Results Highlights
2021 VAGAR EXPLORATION RESULTS Highlights • The exploration results more than double the Vagar Ridge footprint, confirming its potential to be a multi-million ounce prospect. As a result of the 2021 exploration results, AEX believes that Vagar Ridge may host up to four Orogenic gold veins with new r
Slide 4: Vagar Exploration Licence Location
VAGAR EXPLORATION LICENCE LOCATION Highly prospective ground 25km north of Nalunaq Vagar License • AEX’s Vagar License is 292km2 and located just 25km north of the Nalunaq project and the Company’s exploration camp. • Historic exploration results* include a rock chip sample of 2,533g/t Au, Nalunaq a
Slide 5: Vagar Licence Geological Context
VAGAR LICENCE GEOLOGICAL CONTEXT Vagar Licence located on the boundary of an interpreted basin within a magmatic arc setting between Greenland and Labrador Greenland • AEX’s geologists ongoing Mineral System modelling have modelled the controlling lithospheric architecture of the region. This is imp
Slide 6: The 2021 Vagar Exploration Program
THE 2021 VAGAR EXPLORATION PROGRAM AEX employed a variety of modern exploration techniques during its 2021 exploration programme across the Vagar licence including: 1. Mineral System Modelling – modeling from available research data geophysical, and geochemical surveys, remote sensing and occurrence
Slide 7: Geophysical Survey and Interpretation
D2 GEOPHYSICAL SURVEY AND INTERPRETATION Shortening Airborne magnetic and radiometric centred on Vagar Ridge • 385 km2 of high-resolution airborne geophysics was flown over the Vagar license and interpreted by SRK Consulting. • Four deformation events have been interpreted, with faults subdivided Ma
Slide 8: Ground Hyperspectral Imagery
GROUND HYPERSPECTRAL IMAGERY Detailed mapping of alteration signatures associated with gold mineralisation at Vagar • Nine static surface hyperspectral scenes were captured across five main target areas. • A key conclusions is that phengitic sericite alteration is often associated with chlorite or b
Slide 9: Vagar Ridge Project
VAGAR RIDGE PROJECT Newly discovered Orogenic vein grading Vagar Ridge Discovery looking South-southeast 87 g/t Au East Ridge LGM Showing 56.3g/t Au and 14.7g/t in granodiorite mineralisation Vein 2 • 2021 results have discovered up to two further Orogenic gold veins in addition to Veins 1 & 2 withi
Slide 10: Vagar Ridge Project
VAGAR RIDGE PROJECT Extensive Orogenic and Intrusion Related Gold target area Vein 3? Vein 1 Vein 2 12.1 g/t Au in granodiorite (Femøren Zone) • Newly discovered Orogenic veins on the East Ridge as well as a potential vein defined by the hyperspectral imagery increases the number of target veins to
Slide 11: Additional Vagar License Targets
ADDITIONAL VAGAR LICENSE TARGETS Six High Priority Gold Targets Tom’s Vein Structural complexity, 9.25g/t Au in granodiorite Qoorormiut Valley Area of high strain and favourable structure Ivituut Structural intersections and rock chip samples Bismuth Valley Structural intersections, rock chip sample
Slide 12: Contact Us
www.aexgold.com CONTACT US AEX GOLD INC 3400 One First Canadian Place, PO Box 130, Toronto, On, M5X 1A4, Canada Eldur Olafsson, Chief Executive Officer AIM: AEXG; TSXV: AEX