80 Mile Begins Mineral Exploration in Disko
In an ambitious move, 80 Mile has officially launched its first phase of mineral exploration and drilling in the Disko area and Nuussuaq, facilitated by its subsidiary, Disko Exploration Ltd. This announcement, made via a stock exchange release, marks a significant step in the company’s quest to uncover valuable resources.
The focus of this exploration includes essential minerals such as nickel, copper, and cobalt. Notably, 80 Mile has secured the necessary permissions from Naalakkersuisut to proceed with these activities.
The drilling will kick off at Qullissat during the summer months, following which the operations will extend toward the northeastern part of Disko and northern Nuussuaq. The company anticipates drilling approximately 9,000 meters this year as part of its exploratory efforts.
Roderick McIllree, the company’s director, emphasized the importance of this milestone: “The start of drilling is an important milestone for the project at Disko,” he stated.
Commitment to Local Employment
The exploration endeavors are financially backed by USFM Corporation, a company led by renowned raw materials investor Robert Price. Price is also associated with Greenland Energy Company, which collaborates with 80 Mile on oil exploration efforts in Nunap Qeqqa.
For drilling operations, 80 Mile has enlisted the expertise of Forage Fusion Drilling, a drilling company based in Canada, while SRK Exploration, a British firm, will oversee geological management. Air Greenland has been contracted for logistical transportation needs.
In a nod to the community, 80 Mile has expressed a strong desire to prioritize hiring local employees whenever possible, highlighting their commitment to engaging with and supporting the local workforce.
As this project unfolds, the region looks poised to become a significant player in the exploration and extraction of critical minerals, with the potential for substantial economic benefits for the local community and beyond.