Nuukfjord 43-101

1.0 TITLE PAGE

TECHNICAL REPORT ON THE NUUK GOLD
PROVINCE PROJECT, NUUK FJORD AREA,
WEST GREENLAND
PROPERTY
Storoe License (2007/59) 878Km2
Isua License (2005/25) 179 Km2
Iqasoq License (2008/27) 193 Km2
Qilanngaarsiut License (Pending) 27Km2

LOCATION
Storoe Centered Near:
64 42' N Latitude, 51o06' W Longitude
o

Prepared for:

Nuukfjord Gold Ltd.
Suite 520-470 Granville Street
Vancouver, British Columbia

Report prepared by

Peter A. Christopher PhD., P.Eng.
PAC GEOLOGICAL CONSULTING INC.
3707 West 34th Avenue
Vancouver, British Columbia
V6N 2K9

September 18, 2009

i

TABLE OF CONTENTS

3.0 EXECUTIVE SUMMARY AND RECOMMENDATIONS ................................................................... 3
3.1 INTRODUCTION AND PROPERTY DESCRIPTION ................................................................ 3
3.2 LOCATION, INFRASTRUCTURE AND ACCESS ..................................................................... 3
3.3 OWNERSHIP AND TERMS OF AGREEMENT ......................................................................... 4
3.4 GEOLOGY..................................................................................................................................... 4
3.5 EXPLORATION CONCEPT & DEPOSIT MODEL..................................................................... 5
3.6 MINERALIZATION...................................................................................................................... 6
3.7 STATUS OF EXPLORATION, DEVELOPMENT AND OPERATIONS.................................... 8
Table 3.1 Writer’s Check Samples from NGP. ...................................................................................... 9
3.8 CONCLUSIONS AND RECOMMENDATIONS ....................................................................... 10
3.9 OPINION OF MERIT .................................................................................................................. 10
4.0 INTRODUCTION AND TERMS OF REFERENCE ...................................................................... 11
4.1 INTRODUCTION ........................................................................................................................ 11
4.2 TERMS OF REFERENCE AND PURPOSE............................................................................... 11
4.3 SOURCES OF INFORMATION ................................................................................................. 11
4.4 FIELD INVOLVEMENT OF THE WRITER.............................................................................. 11
5.0 RELIANCE ON OTHER EXPERTS ............................................................................................... 12
6.0 PROPERTY DESCRIPTION AND LOCATION ............................................................................ 12
6.1 PROPERTY AREA AND LOCATION ....................................................................................... 12
Table 6.1 Pertinent Data on NGP Licenses. ......................................................................................... 12
Figure 6.1 General Location Plan For Nuuk Area, Greenland. ............................................................ 13
Figure 6.2: Location of NGP Licenses. ................................................................................................ 14
6.2 LAND TENURE, AND LEGAL AGREEMENTS ...................................................................... 14
Table 6.2 Summary of Payment Schedule and Nuukfjord/NunaMinerals Deal Summary................... 15
6.3 GREENLAND MINING LAW.................................................................................................... 16
TABLE 6.3: SUMMARY OF GREENLAND MINERAL TENURE * .................................................. 16
6.4 LEGAL SURVEY ........................................................................................................................ 17
6.5 LOCATION OF MINERALIZATION AND FACILITIES......................................................... 17
6.6 ENVIRONMENTAL LIABILITIES............................................................................................ 17
6.7 PERMITS ..................................................................................................................................... 17
7.0 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND
PHYSIOGRAPHY ....................................................................................................................................... 18
7.1 ACCESS AND PROXIMITY TO POPULATION CENTRES ................................................... 18
7.2 PHYSIOGRAPHY, TOPOGRAPHY, ELEVATION, CLIMATE AND VEGETATION........... 18
7.3 SURFACE RIGHTS, POWER, WATER, PERSONNEL, TAILINGS SITES, PROCESSING
PLANT SITES ......................................................................................................................................... 19
7.4 ENVIRONMENTAL CONCERNS ................................................................................................... 19
8.0 HISTORY......................................................................................................................................... 19
Table 8.1 Summary of Exploration History of the NGP. ..................................................................... 21
Year ...................................................................................................................................................... 21
Operator................................................................................................................................................ 21
Work Program ...................................................................................................................................... 21
8.1 HISTORIC DRILLING AND SAMPLING ................................................................................. 22
Table 8.2 Historic Drilling Through 2008 on NGP. ............................................................................. 22
9.0 GEOLOGICAL SETTING............................................................................................................... 23
9.1 REGIONAL GEOLOGY AND TECTONICS (Figure 9.1& 9.2) ................................................ 23
9.2 PROPERTY GEOLOGY (Figures 9.3, 9.4, 9.5, & 9.6) ............................................................... 23
Figure 9.1: Geology of Greenland ........................................................................................................ 25
Figure 9.2 Generalized Geology of License Areas............................................................................... 26
Figure 9.3 Geology Map of Central Storø (from Ostergaard, 2009). ................................................... 27
Figure 9.4 Qussuk Area Showings and Amphibolite Zones (From Nuna, ........................................... 28
Figure 9.5 Swan North Geology, Drillhole Locations and Writer’s Sample Location. ........................ 29
Figure 9.6 Geology of Plateau Prospect Showing Drillhole & Writer’s Sample Locations. ................ 30

PAC GEOLOGICAL CCONSULTING INC. SEPTEMBER 2009 1

TECHNICAL REPORT ON THE NUUK GOLD PROVINCE PROJECT, GREENLAND

10.0 DEPOSIT TYPE............................................................................................................................... 31
10.1 Archean Gold (Figures 10.1& 10.2) ............................................................................................. 31
10.2 Nuuk Gold Province Exploration Approach................................................................................. 31
Figure 10.1 Model for Archean Greenstone Belt Gold Deposits (Pulsen et al., 2000)......................... 32
Figure 10.2 Simplified Model of Geological Environment and Mineral Occurrences NGP (Stensgaard
and Stendal, 2007). ............................................................................................................................... 32
11.0 MINERALIZATION........................................................................................................................ 33
Figure 11.1 Qingaaq Prospect Showing Locations for BD and Main Mineralized Zones.................... 35
11.1 GENERAL DESCRIPTION......................................................................................................... 36
11.2 EXPLORATION TARGETS ....................................................................................................... 36
11.3 EXPLORATION POTENTIAL ................................................................................................... 37
12.0 EXPLORATION BY THE ISSUER ................................................................................................ 37
Figure 12.1 Location of Qussuk 2009 Boreholes and Surface Saw channel Samples.......................... 39
13.0 DRILLING ................................................................................................................................... 40
Table 13.1 Selected Drill Intersections From the Main Zone and the BD Zone, Qingaaq prospect,
Storø. .................................................................................................................................................... 40
Figure 13.1 Drillhole Plan at the BD and Main Zones (Storoe Deposit) at Qingaaq Mountain Prospect.
.............................................................................................................................................................. 41
Figure 13.2 Qingaaq Longitudinal Section 1. (from Nuna (Loc. see Fig. 13.1). .................................. 42
Figure 13.3 Qingaaq Longitudinal Section 2 (From Nuna (Loc. see Fig. 13.1). .................................. 43
Table 13.3 Summary of Historic Drilling by NunaOil and Nuna on NGP. .......................................... 45
14.0 SAMPLING METHODS AND APPROACH.............................................................................. 46
14.1 SAMPLING BY NUNA............................................................................................................... 46
14.2 Sample Preparation, Analysis and Security...................................................................................... 46
Table 14.1 Laboratory and Analytical Procedure Summary................................................................. 47
14.3 INSPECTION BY THE WRITER ............................................................................................... 48
15.0 DATA VERIFICATION and QA/QC Procedures. ...................................................................... 48
Table 15.1 Writer’s Check Samples from NGP. .................................................................................. 49
16.0 ADJACENT PROPERTIES ............................................................................................................. 50
17.0 MINERAL PROCESSING AND METALLURGICAL TESTING............................................. 50
18.0 MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES ........................................ 50
Table 17.1 Data for Micro-bulk Samples from NGP............................................................................ 51
19.0 OTHER RELEVANT DATA AND INFORMATION ................................................................ 51
20.0 INTERPRETATION AND CONCLUSIONS.............................................................................. 51
21.0 RECOMMENDATIONS AND BUDGET....................................................................................... 52
21.1 PHASE 1 PROGRAM.................................................................................................................. 52
21.2 PHASE 2 PROGRAM.................................................................................................................. 52
Table 21.1 Budget for NGP Recommended Phase 1 Program. ............................................................ 53
Table 21.2 Budget for NGP Success Contingent Phase 2 Program...................................................... 53
21.3 OPINION OF MERIT .................................................................................................................. 53
Figure 21.1 Proposed Diamond Drill Hole Store (Qingaaq) Main Zone.............................................. 54
22.0 REFERENCES AND SOURCES OF INFORMATION.................................................................. 55
23.0 SIGNATURE, STAMP AND DATE ................................................................................................... 56
24.0 CERTIFICATE................................................................................................................................. 57

______________________________________________________________________________________
PAC GEOLOGICAL CCONSULTING INC. SEPTEMBER 2009


3.0 EXECUTIVE SUMMARY AND RECOMMENDATIONS

3.1 INTRODUCTION AND PROPERTY DESCRIPTION
Nuukfjord Gold Ltd. (“NGL”) through an agreement dated June 23, 2009
and subsequent purchase agreement has acquired an option to earn up to 65%
interest in NunaMinerals A/S (“Nuna”) 100% interest in the c. 1277km2 Nuuk
Gold Province Project (“NGP”) in West Greenland (Nuna NR dated June 23,
2009). The project is an exploration stage property that has the advanced
Storoe gold deposit (also Storø) and several other significant gold prospects at
Qussuk in a 20km gold bearing Archean metamorphosed belt. Nuna explored
the NGP since the 1990s and has conducted extensive surface geochemical and
geophysical work and drilled c. 17,000 meters of diamond drilling mainly on the
Storoe (Main, BD), Swan and Plateau prospects.

NGL commissioned PAC Geological Consulting Inc. to prepare a technical
report reviewing and summarizing exploration data and mineral potential of the
NGP and recommend, if deemed appropriate, a program of exploration work on
the project. The writer prepared this report in compliance with National
Instrument 43-101 and followed Form 43-101F1. The report is required by NGL
for supporting documentation to be filed with the TSX Exchange.

The writer, an independent Qualified Person, as defined by National
Instrument 43-101, spent from July 11th to July 14th, 2009 on the property and in
Nuna’s Nuuk, Greenland office examining, sampling and assessing NGP gold
prospects and gathering background information. The writer collected 12 check
samples and observed the preparation of these samples in Nuuk at a modern
laboratory preparation facility operated by Activation Laboratories Ltd. (“Actlabs”).

3.2 LOCATION, INFRASTRUCTURE AND ACCESS
The NGP covers an area of approximately 1277 km2 and covers over 40
kilometres of metamorphosed greenstone in the Nuuk Gold Province or Belt of
West Greenland. The project involves seven non-contiguous blocks with six
under concession and a recent application pending for the 27km2 Qilanngaarsiut
block. The seven blocks are within a rectangular area defined by latitudes
63°45’N to 65°30’N and longitudes 51°40’W to 49°30’W and extend northeast
for 150km from 20km south of Nuuk, the capital of Greenland. The NGP, Storoe
License, is centered near 64°42' N Latitude, 50°06' W Longitude. Access to
most parts of the property is by boat with helicopter used to support crew and drill
moves and to move some supplies and samples. Greenland obtains most of its
electrical power from hydro projects and a number of local run of river power
possibilities exist. Nuuk, the capital and largest city in Greenland, is within the
NGP area and provides a source of supplies and services.
The NGP concession blocks cover ground that extends from near sea
level to low mountains with rugged relief. Glaciers lie east of the NGP and to

PAC GEOLOGICAL CONSULTING INC. SEPTEMBER 2009 3


control cost, drill program are generally conducted between May and October.
Geophysical program can start earlier and extend later but geological mapping is
best done during summer months when most of the snow has melted.

3.3 OWNERSHIP AND TERMS OF AGREEMENT
On June 23, 2009, Nuna, the main mineral exploration company in
Greenland, signed an option agreement with Nuukfjord Gold Mines Ltd. (NGM)
covering the 1277km2 Nuuk Gold Project (NGP) in the Nuuk Gold Province in
West Greenland. Nuukfjord Gold Ltd. (“NGL”) through subsequent purchase
agreement has acquired the NGM option to earn up to 65% interest in the
NunaMinerals A/S (“Nuna”) interest in the c. 1277km2 Nuuk Gold Province
Project (“NGP”) in West Greenland (Nuna NR dated June 23, 2009). The NGP
is an amalgamation of select parts of the Storoe exploration license which
contain the advanced Storoe Gold Deposit and the Qussuk Gold Prospect, the
Isua exploration license, the Igasoq exploration license and the Qilanngaarsuit
exploration license (under application).

Under the option agreement term, NGL is able to earn, incrementally
through four phases, a 65% interest in Nuna’s 100% interest in the NGP by
funding Cdn $23,000,000 (c. DKK 106 million) of exploration expenditures by
September 30, 2013. Upon NGL earning a 49% interest or 65% interest a joint
venture to develop the NGP will be formed between NGL and Nuna (see Table
6.2). Nuna remains the operator of the NGP and NGM controls the funding.

3.4 GEOLOGY
The gold prospects in the Nuuk Fjord area on the NGP are located in the
strongly deformed and metamorphosed rocks of Archean age. The area is an
extension of the North American Craton and correlates with the Nain Province in
Labrador, Canada. The geology of the Nuuk area is dominated by grey
orthogneisses formed during episodes of crustal growth. The gneisses
representing crustal terranes of different ages were amalgamated during the
Neo-Archean (c. 2.7-2.6 Ga). The terranes are often separated by structurally
complex, deep-seated tectonic boundaries. Supracrustal belts, consisting of
metavolcanic and minor metasedimentary rocks, occur within or between crustal
blocks. The supracrustal rocks have similarities to Archean greenstone belts in
Ontario and Quebec but the metamorphic grade is generally amphibolite to
granulite facies, so the metamorphic rocks have different mineralogy. The
metamorphic terrane once called the Akulleq terrane (McGregor et al., 1991) is
now, with better age control, subdivided into the Eo-Archean Faeringehavn and
Iskasia terranes, the Meso-Archean Kapisillit terrane and the Neo-Archean Tre
Brødre terrane with the Faeringehavn and Tre Brødre terranes occupying much
of the central and south-western part of Nuuk Fjord.

The gold prospect on Storoe is hosted by metavolcanic and
metasedimentary rocks of the Storoe supracrustal belt, bounded to the west by
the NNE, 300-400m wide, Storoe shear zone. The Storoe shear zone is part of a



major, deep seated, regional NE structural zone, separating supracrustal rock
from footwall Akia terrane orthogneisses. Early Archean orthogneisses of the
Faeringehavn terrane overlie Storoe supracrustal rocks to the east and
interleaved gneisses occur under supracrustal rocks to the north. The area was
metamorphosed to amphibolite facies with sillimanite being the dominant
alumino-silicate.

A10-20m wide, poorly foliated unit of highly aluminous rocks consisting of
garnet, sillimanite, mica and feldspar, near a contact of overlying amphibolite, is
referred to as the BD zone. Within the garnet-biotite gneiss, up to a 10m thick
layer of garnet-magnetite-rich (locally over 80% garnet) ironstone occurs as
irregular layers. The uppermost unit, up to 250m wide, consists of fine to
medium-grained black amphibolites. Main zone gold mineralization occurs in
altered zones within the upper amphibolite unit. Biotite-garnet alteration zones up
to 50m thick enclose auriferous quartz veins. The auriferous zones show an
increase in the concentrations of biotite, garnet, quartz, diopside and sulphides
(mainly pyrrhotite and arsenopyrite).

The geology of the Qussuk area comprises a central belt of island arc
elements with NNE, isoclinally folded panels of volcaniclastic meta-andesites
intercalated with altered volcano-sedimentary rocks, tholeiitic amphibolite and
ultra-mafic bodies surrounded by gneissic and granitic bodies of the Taserssuaq
tonalite complex and Qussuk granite. Hydrothermal altered, leucocratic andesitic
amphibolite hosts gold mineralization in the southern and western part of Qussuk
peninsula and western areas of Qussuk Bay.

3.5 EXPLORATION CONCEPT & DEPOSIT MODEL
The exploration model is that of Archean greenstone gold deposits which
are well documented in the North American Craton (Figure 10.1) and the
Archean Greenstone belts in Ontario and Quebec. The deposits occur in basic to
intermediate volcanic terrain that may be subsequently intruded by island arc,
intermediate to acidic volcanic. Gold deposits or camps are associated with
major structural zones which are traced for long distances and after occur at or
near unit boundaries. A difference in mineralogy occurs because of amphibolite
to granulite grade metamorphism in the NGP (Figure 10.2).

The Archean gold deposits can often be located using conventional silt,
soil and rock geochemistry and in higher sulfidation types or pyrrhotite bearing
type may be detectable with magnetic and electromagnetic geophysical methods.
The exceptional amount of outcrop and sparse vegetation in West Greenland
allows for conventional prospect by tracing of rusty, biotite and garnet bearing
contacts. Then sawed rock channel samples are used to evaluate the gold
content.



3.6 MINERALIZATION
At Storoe mineralization occurs at two main tectono-stratigraphic levels
with high-grade lenses of quartz veins and disseminated sulphides and
sulpharsenides in mineralized and altered higher-grade zones up to 12m wide
and several hundred meters along strike within a larger, 10-50m, wide low-grade
alteration envelope dominated by garnet-hornblende-biotite-diopside-rich rocks.
Gold mineralization on the Storoe License occurs together with arsenopyrite at
the BD Zone and the Main Zone on the north slopes of Qingaaq Mountain.
Extensive channel sampling and more than 12,000 metres of core drilling has
demonstrated continuity of mineralization in three dimensions on both the Main
and BD Zones.

The Main Zone gold mineralization occurs in an altered upper amphibolite
sequence in the core of an antiformal fold with gold in quartz veined rocks,
commonly rich in garnet and biotite. A Main Zone, 1.00m chip sample by the
writer contained 25.0g/t Au (Acme 22.31g/t Au) and 2.00m chip samples 197353
and 197356 contained 8.72 g/t Au and 8.80g/t Au respectively. The Main Zone
occurs within a large, ENE-plunging F3 antiformal hinge (Main Zone s.s.) with an
eastern flank (Main Zone east and Hanging Wall Zone) and a western flank
(Main Zone west) that each can be followed uphill for approximately 400 m on
surface (Fig. 11.1). Rock samples return up to 91 g/t Au in this area with common
visible gold in both surface and drill core samples. The mineralisation has been
traced to 150 m below the surface in drill holes. The lower part of the hinge area
is covered by scree, and the exact dimensions and geometry of the
mineralisation in this area is thus only indicated from drill hole data. Higher-grade
gold mineralisation occurs as a series of presumably discontinuous lens-shaped
bodies (2–12 m wide), within a larger, low-grade alteration envelope dominated
by garnet-hornblende-biotite-diopside-rich rocks (10–50 m wide). The area is
partly disturbed by late pegmatites. Gold grades in drill samples range up to 52
g/t Au over 2 m (12.67 g/t Au over 12 m).

The lower BD Zone is on the contact between biotite-sillimanite-garnet
gneiss and the upper amphibolites. The BD gold mineralization occurs mainly in
quartz-veined, arsenopyrite-bearing zones along the contact and in both rock
types up to 20m away from the contact, mainly within or next to sections of
sheeted quartz veins. The BD zone, exposed at 700–1050 m elevations, has
been followed along strike for 700-800m with channel samples that returned up
to 20g/t Au over a true width of 2.5m. Three-dimensional modeling of the BD
zone based on surface geology and drill core information shows that the zone
dips to the NE underneath the Qingaaq north face, and defines a major folded
mineralised plane structurally below the Main Zone. It gets progressively
shallower (dipping c. 45° at depth) down from the exposures near the top of the
Qingaaq north face. The fold geometry gets progressively more complex towards
the north (downhill). In drill holes at the foot of the Qingaaq north face, the BD
plane has been recognized as deep as 300 m elevation (150–200 m below
surface), giving a minimum known length of the BD horizon of c. 1000 m. Gold
grades in drill core samples range up to 30 g/t Au over 2m.


Re-Os analyses of arsenopyrite show that two periods of gold
mineralization occurred with older mineralization of the BD Zone possibly re-
mobilized during peak metamorphism into structurally controlled and higher
grade Main Zone mineralization. Gold grades in drill samples range up to 52 g/t
Au over 2m in a 12m interval grading 12.67 g/t Au. The higher-grade nature of
the Main zone mineralization was verified by the writer’s samples.

A New Main Zone, discovered in 1996, is 2-10m wide and located west of
the Main Zone west in a NE-SW trending ductile thrust plane. Narrow quartz
veins occur within altered amphibolite which can be traced for about 400 meters
(Figure 10.1).

Gold at Storoe also occurs within sulphide-rich garnetite consisting mainly
of almandine garnet, biotite and pyrrhotite, and within Iron formation. The iron
formation, occurring stratigraphically below the BD horizon will be targeted with
some Phase 1 drill holes. A BD zone, 1.00m chip sample by the writers
contained 5.24g/t Au (Acme 3.90g/t Au) and a 2.00m chip sample contained
0.976g/t Au (Acme 0.83 g/t Au).

At the Qussuk prospects mineralization has been traced for nearly 20km
with mineralization believed to be syn-volcanic and formed in an island-arc
environment. Four main named zones include the Plateau Zone, Blue Fox Zone,
Swan Zone, Swan N Zone and recently discovered Alma Zone:
• Plateau Zone contains auriferous zones 1.5-2.0m wide consisting of garnet
altered sulphide-bearing, quartz veined amphibolite. Visible gold (VG) has
been identified in quartz veins with a Nuna grab sample yielding 35g/t Au and
7 of 20 diamond drill holes completed in 2008 reporting VG. The VG is
typically found in narrow quartz veins (up to 0.6m) flanked by semi-massive to
massive pyrrhotite and minor chalcopyrite. A 1m chip sample collected by the
writer contained 9.40 g/t Au.
• Blue Fox Zone is exposed on the south-side of Qussuk Bay where gold
occurs in quartz veined amphibolite, calc-silicate alteration and a 5-30cm
wide band of massive to semi-massive iron-copper sulphides. A Nuna sawed
1.5m channel yielded 21.7g/t Au and several other rock and sediment
samples in an area 25 by 100m are in the 2-5g/t Au range.
• Swan Zone contains semi-massive to massive iron-copper sulphides in fold
hinges in grey meta-andesite and amphibolite with local meter wide zones
enriched in sulphides. An 80m wide alteration package with quartz,
hornblende, garnet, tourmaline and iron-copper sulphides returned modest
gold values. DDH 25 intersected 24m grading 1.23 g/t Au in the alteration
zone.
• Swan N Zone is a 30-80m wide by 1km N-S trending zone of partly silicified,
hornblende, quartz, garnet, biotite, and iron-copper sulphide bearing zone.
Nuna channel samples yield up to 2m grading 6.5g/t Au (writer’s check
sample 6.15g/t Au) with several other 2m channel samples grading 1-3g/t Au.
Zone was drill in 2009 with results pending.



• Alma Zone west of Swan N Zone, discovered in 2008, has several surface
samples in the 1-4.5g/t Au range. The zone occurs along a 1.5km trend that is
in the early prospecting stage.

3.7 STATUS OF EXPLORATION, DEVELOPMENT AND
OPERATIONS
Nuna and an associated company NunaOil have explored the in the NGP
area since 1991. The Qingaaq prospect and Aappalaartoq Mountain area have
been explored with c. 3600 surface samples which includes c. 3000m of rock
channel sampling and approximately 13,000m of drilling with 66 holes at Qingaaq
and 6 at Aappalaartoq. Six short Winkie holes were also drilled. Drilling was
started at Qingaaq by NunaOil in 1995 and 1996 and later continued by Nuna in
2003, 2004, 2005, 2006 and 2007.

A regional recognisance programs of Qussuk in 2004 and 2005 produced
samples with encouraging results and in 2006 a more substantial surface
sampling program was conducted. The 2007 results led to a helicopter supported
airborne SkyTem magnetic and electromagnetic survey covering 45km2 with lines
spaced at 100 meters and 400 line kilometres flown. The positive results from
surface sampling and airborne geophysics led to a 3430 m drilling program in
2008 with 20 holes drilled in the Plateau Zone, 1-300m hole drilled to test a
SkyTem anomaly in the Swan Zone and 4 holes drilled in the Swan N Zone.

The Isua concession contains the Tangent Gold Showing and Baseline
Target (base metals) with a 110g/t grab sample containing from the Target
showing and a kilometre long electromagnetic Baseline conductor associated
with Zn, Pb, Ag, and Au mineralization. A four hole 372m initial drilling program
at Isua produced no significant drill results.

Historic exploration from 1991 through 2008 by Nuna and NunaOil on the
GNP has included over 5,000 surface samples and 17,010m of diamond drilling.
Screened metallics assays have been used on mineralized core and elevated
surface sample to moderate the nugget effect caused by the irregular distribution
of course gold.

The 2009 program, presently in progress, is being funded by NGL with an
advance of $500,000 paid to Nuna. At Storoe, 9 sites were selected for drill pad
preparation for the 2010 drilling program (Figure 21.1). About 4,000 (20-25 holes)
of drilling is planned to provide information on the BD Zone on about an 80m x
100m grid. Drilling would extent up to 60m beyond the BD zone to intersect the
underlying iron formation. An additional 1000m of drilling in the main zone to test
a thrust ramp model and possibly extend the Main zone is being considered.



Table 3.1 Writer’s Check Samples from NGP.

Sample # Location Type/ Width Au g/t Au g/t COMMENTS
Long./Lat. KG Acme Actlabs
(Elevation) s
197351 51°0.09434W Chip/ 2.0m 0.83 0.976 BD Zone (Upper Qingaaq)
64°0.40915N 2.34
197352 51°0.09447W Chip/ 1.0m 3.90 5.240 BD Zone channel in garnet
64°0.40917N 2.13 gneiss
197353 51°0.08445W Chip/ 2.0m 8.18 8.720 @84612: 16260ppb Au; HW to
64°0.41217N 1.86 Main Zone; rusty Amp. aspy.,
pyrrhotite
197354 51°0.08438W Chip/ 2.0m 1.41 1.350 Laminated rusty Amp. aspy.,
64°0.41217N 2.18 pyrrhotite
197355 51°0.08438W Chip/ 2.0m 2.69 4.840 Main Zone Discovery Area
64°0.41268N 2.02 Amp., QV, aspy., pyrrhotite,
570m garnet + biotite alteration
197356 51°0.08446W Chip/ 2.3m 7.56 8.80 Amp., QV, aspy., pyrrhotite,
64°0.41271N 1.96 garnet + biotite alteration
570m
197357 51°0.08530W Chip/ 1.0m 22.31 25.0 @Channel#72 Amp., QV, aspy.,
64°0.41284N 1.73 pyrrhotite, garnet + biotite
alteration
197358 51°0.08445W Chip/ 2.0m 5.19 6.150 Swan North py, po, cpy silica-
64°0.41217N 1.98 garnet-biotite alteration @
245m #184271: 6490 ppb Au
197359 51°0.12255W Chip/ 1.0m 8.07 9.40 Plateau Zone sil. Amp. With py,
64°0.66918N 3.33 po, tr cpy Au in QV @184094:
730m 35.8 g/t Au
13174 DDH05-03 30.0- 2.3m 1.64 1.380 Original Au: 1654ppb
32.3m
14303 DDH05-22 136- 2.0m 23.12 8.930 Original Au: 4517ppb
138m
103322 DDH07-42 130-132 2.0m 0.28 0.159 Original Au: 5700ppb
Acme= Acme Analytical Laboratories (Vancouver) Ltd.
Actlabs= Activation Laboratories Ltd. (Nuuk, Greenland)

Sampling by the writer (Table 3.1) verified the presence of significant gold.
The variation in result obtained by Acme and Actlabs reflect the nugget effect
which has been evaluated by Nuna’s checking programs and shown to exist.
Nuna uses 1000g of pulped sample for screened metallic assays of mineralized
core and re-runs of higher-grade surface samples to minimize the nugget effect.

At Qussuk, a 13 hole drilling program of 1363.45m was completed at 7
sites at Swan North (Table 12.1, Figure 12.1). The garnet-biotite-quartz-sulphide
targeted zones were intersected with core logged, sampled and submitted for
analyses. Surface saw channel sampling included:
• Alma-15 profiles with total length of 82.5m,
• Swan North-8 profiles with total length of 95m.
A total of 34 sediment samples were collected from drainage systems to the east
and northeast of Swan and Swan North.



At Igasoq a 54 sediment sampling program was carried out. At
Qilanngaarsuit a one week reconnaissance rock sampling and sediment
sampling program was carried out.

Further 2009 drilling (possibly 600m) and follow-up surface geochemical
sampling are contingent on the successful analytical results from the completed
2009 work grogram.

3.8 CONCLUSIONS AND RECOMMENDATIONS
NunaMinerals has systematically explored the NGP since the early 1990’s
and compiled an extensive inventory of geological, geochemical, geophysical
and drilling data on an area prospective for Archean hosted gold deposits. The
deposits have similarities to productive camps in Ontario and Quebec, Canada
which encouraged NGL to participate in the NGP by funding of Nuna to earn up
to 65% interest. The writer visited the NGP with Nuna exploration personnel and
found exploration practices to meet or exceed industry best practice standards.
Nuna’s exploration staff has the infrastructure and experience to conduct the
exploration in an efficient manor for NGL. The licenses included in the NGP
range from the advance stage Qingaaq and Qussuk prospects in the Storoe
licenses to early stage targets at with Isua and Igasoq licenses and
reconnaissance prospecting at the Qilanngaarsiut license application. The NGP
provides the opportunity to participate in exploration ranging from gold resource
definition at the Storoe gold deposit to early stage prospecting of Archean
volcanic belts in an area demonstrated to host significant gold mineralization.

The writer recommends a Phase 1, Cdn $3,000,000 work program for the
property. The recommended program is designed to carry out further exploration
of the Storoe Gold deposit with 4,500 meters (~20-25 hole program) of definition
diamond drilling and 1,000m available to test in the thrust ramp zone. The Phase
1 should further evaluate the advanced Qussuk prospects and continue early
stage exploration of the Igasoq, Isua and Qilanngaarsuit licenses. The Phase 1
program expenditures combined with 2009 exploration costs would allow NGL to
earn a 15% interest in the NGP.

A success contingent, Phase 2, 6,000m drilling program should be
planned and budgeted based on Phase 1 experience. If the Phase 1 drill results
are successful and time remains in the field season, then some Phase 2 drilling
might be considered for the 2010 field season. The Phase 2 budget is estimated
at Cdn $3,500,000 and will allow NGL to earn an additional 15% in the NGP.

3.9 OPINION OF MERIT

It is the opinion of the writer that the NGP is of sufficient merit that the
recommended budget, as outlined above, represents a worthwhile exploration
program and expenditure for NGL.



4.0 INTRODUCTION AND TERMS OF REFERENCE
4.1 INTRODUCTION

Nuukfjord Gold Ltd. (“NGL”) holds an option to earn up to a 65% interest in
the NGP. The 1277km2 project is located in West Greenland mainly northeast of
the capital city of Nuuk with one lease application 20km to the south of Nuuk.
Access to most parts of the property is by boat along numerous fjords with
helicopter supported drill and crew moves.
The main objectives of NGP exploration work on the property are to better
define known mineralized zones and to identify new exploration targets with
potential for new deposit discoveries. This report describes:
• the geological setting of the NGP area,
• mineralization within the NGP,
• the results of the exploration work carried out to date,
• comments on exploration potential, and
• recommended further exploration work for the NGP.

4.2 TERMS OF REFERENCE AND PURPOSE
NGL commissioned the writer to prepare a technical report reviewing and
summarizing exploration data and mineral potential of the NGP and recommend, if
deemed appropriate, a program of exploration work on the project. The report was
prepared in compliance with National Instrument 43-101 and follows Form 43-101F1.
The report is required by NGL for supporting documentation needed for listing on the
TSX Exchange.

4.3 SOURCES OF INFORMATION

This report on the NGP is based on the following sources of information:
• Technical publications of a regional and a district nature from the
Greenland Bureau of Mines and Petroleum (“BMP”), international scientific
journals, PDAC 2009 conference proceedings notes and power points and
assessment reports filed by NunaMinerals with the BMP. These are listed
in References and Sources of Information section of this report (Section
22.0).
• Private technical documents written by previous workers on the property
and listed in Section 22.0 of this report.
• Public news releases of NunaMinerals, a Nuuk based public company that
holds the licenses for the NGP.
• Discussions with Nuna technical and management personnel.

4.4 FIELD INVOLVEMENT OF THE WRITER

The writer made a site visit to the NGP for NGL on July 11th to 14th, 2009,
2009 at which time he had the opportunity to have extended discussions with
NunaMinerals geologists who have had long term experience on the project area.


The writer visited the site of the Storoe Gold Deposit and the Qussuk Gold
prospects and started verification of sampling and results by collecting 9 chip
samples and 3 reject pulp sample from previous work. The writer has no previous
exploration experience on the NGP.

5.0 RELIANCE ON OTHER EXPERTS
The writer, not an expert in legal matters, is required by NI 43-101 to
include a description of the property title, terms of legal agreements and related
information in this report. The writer relied on property agreements and title
documents in order to provide summaries of title, ownership and related
information in this report. Property agreements, title opinion and other relevant
legal documents were prepared or reviewed by NGL’s legal counsels, Maitland
and Company of Vancouver and the writer has relied on their expert opinion. .

6.0 PROPERTY DESCRIPTION AND LOCATION
6.1 PROPERTY AREA AND LOCATION

The NGP covers an area of approximately 1277km2 and encompasses
most of the auriferous potential of the Nuuk Gold Province, southwest Greenland.
The property is located in the Nuuk Fjord area of West Greenland. The seven
blocks are within a rectangular area defined by latitudes 63°45’N to 65°30’N and
longitudes 51°40’W to 49°30’W and extend northeast for 150km from 20km
south of Nuuk, the capital of Greenland. The NGP, Storoe License, is centered
near 64°42' N Latitude, 50°06' W Longitude (Figures 6.1 & 6.2).

Table 6.1 Pertinent Data on NGP Licenses.

License Name License # Km2 covered by Period Renewal
agreement Required
Storoe 2007/59 884*-6=878 1-1-07/31-12-11 31-12-2011
Isua 2005/25 179 1-1-05/31-12-09 31-12-2009
Igasoq 2008/37 193 1-1-08/31-12-12 31-12-2012
Qilanngaarsiut (application) 27 pending N/A
•
*NGL has copy of License showing 884km2, in the agreement with in
NGL’s agreement with NunaMinerals 6km2 were excluded so the area
subject to the agreement may be 884-6=878 km2 (from copy of license) or
874-6=868 km2 (from figures in BMP data base). The area of the NGP is
c. 1277km2.



•

•
▲north

Figure 6.1 General Location Plan For Nuuk Area, Greenland.
(A=Aappalaartoq and Q=Qingaaq mountains)



Figure 6.2: Location of NGP Licenses.

6.2 LAND TENURE, AND LEGAL AGREEMENTS
On June 23, 2009, Nuna, the main mineral exploration company in
Greenland, signed an option agreement with Nuukfjord Gold Mines Ltd. (NGM)
covering the 1277km2 Nuuk Gold Province Project (NGP) in the Nuuk Gold Province
in West Greenland. Nuukfjord Gold Ltd. (“NGL”) through a subsequent purchase
agreement acquired the NGM option to earn up to 65% interest in the 100%
NunaMinerals A/S (“Nuna”) interest in the c. 1277km2 NGP in West Greenland
(Nuna NR dated June 23, 2009). The NGP is an amalgamation of select parts of
the Storoe exploration license which contain the advanced Storoe Gold Deposit and
the Qussuk Gold Prospect, the Isua exploration license, the Igasoq exploration
license and the Qilanngaarsuit exploration license (under application).
Under the option agreement term, NGL is able to earn, incrementally through
four phases, a 65% interest in the NGP by funding Cdn $23,000,000 (c. DKK 106
million) of exploration expenditures by September 30, 2013. Upon NGL earning a



49% interest or 65% interest a joint venture to develop the NGP will be formed
between NGL and Nuna (see Table 6.2). Nuna remains the operator of the NGP and
NGM controls the funding.

Table 6.2 Summary of Payment Schedule and Nuukfjord/NunaMinerals Deal
Summary.
Cumulative Cumulative
Advance
Advance Date Required % Interest Earned % Interest Earned
Millions CDN $
Millions CDN $
3.5 *** 3.5 *** *** 15 15
3.5 7.0 Sept 30, 2011 15 30
4.5 11.5 Sept 30, 2012 19 49
11.5 23.0 Sept 30, 2013 16 65

*** The initial $3.5 million is spread out over the first year as follows:
Advance Cumulative Advance Date Required
Millions CDN $ Millions CDN $
0.50 0.50 July 31, 2009 Already PAID
1.25 1.75 10 days after IPO closing but not
later than Dec 21, 2009
0.25 2.00 December 31, 2009
0.25 2.25 March 31, 2010
1.25 3.50 June 30, 2010

• Nuukfjord Gold Province, 1,277 square Km in 4 licenses (7 areas)
• Nuukfjord can earn up to a 65% interest by property expenditures with no
cash or stock payments.
• Initially Nuukfjord can earn 49% by expenditures totaling CDN$11.5 million
over the next 3 years.
• Nuukfjord then has the option to earn an additional 16% for a total interest
of 65% by advancing an additional CDN$11.5 million in the next year for a
total of CDN$23.0 million.

• During the earn-in period Nuna will be operator but Nuukfjord has control
of the budget.

• No interest is earned until $3.5 million is advanced.

• A Joint Venture (J/V) can be formed once Nuukfjord has earned at least
49%. Usual dilution provisions apply. If Nuukfjord stops short of 49% it will
retain its earned interest subject to dilution if Nuna continues and/or
subject to a buyout for amount spent.



6.3 GREENLAND MINING LAW

The Danish Consolidating Act no. 368 of 18 June 1998 on mineral
resources in Greenland (“Mineral Resources Act”) governs activities concerning
and rights to exploration and exploitation of mineral deposits. The licenses issued
under the Act are summarized in Table 6.3 and exclude hydrocarbons,
radioactive elements and hydropower resources, which are subject to separate
regulations. All applications, licenses and concessions are reviewed in
accordance with the “Application procedures and standard terms for exploration
and prospecting licenses for minerals in Greenland” published by the BMP on 16
November 1998.

TABLE 6.3: SUMMARY OF GREENLAND MINERAL TENURE *

TYPE OF TENURE Annual per License PERIOD RENEWALS Exploration Required/km2
years years

Prospecting License
(non Exclusive) 5 years Upon application N/A

Yrs. 1-2: DKK
100,000
Yrs. 3-5: DDK
200,000 Yrs. 1-2: DKK 1,000
Exploration License Yrs. 6-10: DDK 1 for 5 years; 3 Yrs. 3-5: DKK 5,000
(Exclusive) 400,000 5 years for 2 years ea.** Yrs. 6-10: DKK 10,000

Exploitation License Extension to 50
(Exclusive) Outlined in License 30 years years N/A

Notes to Table 6.2
• *An applicant may hold more than one mineral tenure.
• **Years 11-12: 13-14; and 15-16 are available on 2 year basis after BMP
has reviewed application for renewal by Dec. 31 in years 10, 12, and 14.
The BMP is entitle to change terms of the concession.



6.4 LEGAL SURVEY
The lease areas are established by claim of an area defined by
coordinates of corners. A GPS survey can be used to establish claim boundaries
in the field and a legal survey is only necessary to resolve conflicting ownership.
If a legal survey is required, the costs of the survey are the responsibility of the
license holder.

6.5 LOCATION OF MINERALIZATION AND FACILITIES

The location of main zones of known mineralized zones and drill locations
are shown on Figures 9.4, 9.5, 9.6, 12.1 and 13.1. Drilling and diamond sawed
channel samples are the main evaluation tools with minor blasting of rock
trenches. The NGP has never contained a processing facility but a number of
sites were viewed that are suitable for a mill and tailings and waste rock disposal.
The proximity of water transport allows for a central facility fed by a number of
mineralized zones.

6.6 ENVIRONMENTAL LIABILITIES

NGL has informed the writer that their initial due diligence work indicates
that the property interest is subject only to normal environmental regulations and
liabilities as stipulated under the laws of Greenland and the sufficiency of rights
for exploration and mining operations on the property is subject only to normal
procedures and permits under the laws of Greenland. The auriferous zones are
generally low sulfidation system and acid leaching should not be a problem. The
project areas and camp visited by the writer were reclaimed and cleaned to
industry best practice standards. The writer is not aware of any environmental
liabilities affecting the NGP.

6.7 PERMITS

Exploration Permits are required for drilling and blasting. Permits are
issued by the BMP and have been obtained for the 2009 field season. Camps
are inspected on a regular basis by the BMP and must be maintained to permit
requirements. Annual reports of activity are filed with the BMP that summarize
drill location, site reclamation and site cleaning. Annual assessment or work
reports with results of work are filed with the BMP. Each area or sub-area, where
work is performed, requires a report.



7.0 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES,
INFRASTRUCTURE AND PHYSIOGRAPHY
7.1 ACCESS AND PROXIMITY TO POPULATION CENTRES
Access to most parts of the property is by boat with helicopter used to
support crew and drill moves and to move some supplies and samples.
Greenland obtains most of its electrical power from hydro projects and a number
of local run of river power possibilities exist.
The NGP concession blocks cover ground that extends from near sea
level to low mountains. Glaciers lie east of the NGP and to control cost, drill
program are generally conducted between May and October. Geophysical
program can start earlier and extend later but geological mapping is best done
during summer months when most of the snow has melted.

7.2 PHYSIOGRAPHY, TOPOGRAPHY, ELEVATION, CLIMATE
AND VEGETATION
The NGP property has elevations ranging from sea level to over 1,000m
and some rugged mountains terrain but generally the terrain consists of rounded
hills or low mountains separated by glacially carved valleys. Elevations on the
property extend up to 1500m in ice covered areas in the northeast.

The climate at lower elevations is moderated by proximity to ocean
currents. Ocean with normal temperatures ranging between about -10° and +7°
but in the innermost parts of long fjords, temperatures can rise to more than 20°C
in June, July and August. Annual rainfall at Nuuk, in the order of 750mm, is
distributed in relatively moist, >80mm per month, summers and dry, ~45mm per
month, cold snowy winters. Higher elevations, occurring in much of the north-
eastern part of the property, are covered by ice. Exploration can be carried out
year round with proper preparations but costly challenges are caused by short
periods of daylight, snow and cold temperature. Mapping and regional sampling
are summer activities. Geophysical surveys can start in mid-April but daylight is
only about 6 hours.

The vegetation is characterized by an absence of trees. However, in
sheltered valleys in southern Greenland there is rock birch, mountain ash, alder,
and willow scrub. The overall vegetation is low rock and tundra plants.
Greenland’s national flower is Niviarsiaq which combines with wild flowers,
herbs, mosses, greyleaf willow and heather to give a colourful summer
landscape.

The reindeer, also known as the caribou when wild in North America, is an
Arctic and sub-Arctic dwelling deer commonly found in Greenland. Other
terrestrial mammals include arctic fox, arctic wolf, polar bear (North and East
Greenland), musk ox, collared lemming and mountain hare. Marine mammals



include whales, seals, and walrus. Fishing and harvesting sea mammals is the
main industry in Greenland.
.

7.3 SURFACE RIGHTS, POWER, WATER, PERSONNEL,
TAILINGS SITES, PROCESSING PLANT SITES

Surface rights in the NGP project area are largely held by the State with
local small fishing villages privately owned. The issuance of an Exploitation
License will give rights to exploit a mineral deposit in a manner outline and
overseen by the Bureau of Mines and Petroleum (BMP).
The Store Gold Deposit, the most advance gold prospect on the NGP has
a basin area situated nearby that could be used for waste and tailings disposal
but no environmental or mining assessment has been completed.

7.4 ENVIRONMENTAL CONCERNS
The BMP is responsible for the issuing of and supervision of issued
licenses. A one stop licensing and permitting process is seen by Greenland as an
advantage to the exploration industry. The concern and care of the environment
is a responsibility of the BMP and Greenland which relies on fishing as its main
industry.

BMP may undertake inspection of licensee’s activities and review all
information relating to the licensee’s activities under a license. Transportation
costs of inspection personnel between inspection points and the nearest airport
is the responsibility of the licensee.

Within 12 months of termination of a license, a licensee must remove all
installations, buildings and stored items in the expired license area and carry out
final clean up activities to remedy remaining damages to terrain or vegetation.

The writer visited several NunaMinerals exploration, drill and camps sites
and found them to be clean and reclaimed to near original conditions. The writer
is not aware of environmental problems or situations which affect the GNP.

8.0 HISTORY
The historic exploration is mainly taken from an assessment report on the
Storoe License (Ostergaard, 2007, updated 2009). Ostergaard’s historic section
is mainly based on his personal experience while conducting and managing
exploration of the NGP for NunaMinerals and associated companies. Previous
exploration of the NGP included regional geological mapping and
reconnaissance geochemistry by the former Geological Survey of Greenland and
stream sediment sampling by Kidd Creek Mines in 1985. NunaOil visited the
Storoe area in 1990, and increased company activity the following years with
mapping, rock sampling and sediment sampling that resulted in a 13 hole (c.
2900m) drill program in 1995. Encouraging results justified continued exploration
during 1996 with 8 holes totalling c. 2000m. The gold mineralization and geology


became the focus of a PhD thesis and a Master thesis by students from Aarhus
University. Due to decreasing gold prices and NunaOil’s focus on the evolving
Nalunaq Gold Mine in South Greenland, the NunaOil license was relinquished in
1998.

In 2002, NunaMinerals A/S, a minerals division formed by NunaOil in
1968, re-claimed the Storoe license and initiated further exploration. Nuna, in
collaboration with The Geological Survey of Denmark and Greenland (GEUS)
demonstrated that the Nuuk Fjord region and especially mineralization on Storoe
showed similarities to gold districts like the Abitibi greenstone Belt in Canada and
the Yilgarn craton in Western Australia.

Promising results from minor drilling in 2003 located a new mineralized
level in an untested area in the southern part of the license. The new discover
resulted in extensive drilling of 24 holes totalling c. 3900m in 2005; 14 holes
totalling c. 2800m in 2006 and 12 holes totalling c. 1800m in 2007. In 2007 Nuna
collected c. 1.2 tonnes of mineralized material for metallurgical studies of
different gold zones and an additional seven mini-bulk samples were collected in
2008 for grain size studies and fundamental sample error calculations. A
considerable percentage of the mineralization at Storoe was found to occur as
“coarse-gold” with grains up to 3mm wide. The coarse-gold grains are unevenly
distributed causing some large grade variations in analyses of mineralized zones.

At the Qussuk Gold Project (Storoe, sub 2 License) was first acquired in
2002. Nuna visited the area on 2004 and 2005 as part of a regional recognisance
program with 100 samples collected. The results were encouraging and in 2006
a more trough sampling program and VLF and Ground magnetic surveys were
carried out in the Blue Fox and Swan zones. Sampling included 165 sediment
samples and 198 rock samples including 230m of sawed rock channel sampling.
The results lead to a 2007 airborne geophysical survey (SkyTEM) and extensive
surface sampling to outline previously identified mineralization and identify new
prospective areas. The positive indications led to a 3430m drill program at
Qussuk in 2008 and additional surface sampling.



Table 8.1 Summary of Exploration History of the NGP.

Year Operator Work Program
1991 NunaOil 8 days in June and July. Approx. 100 rock and sediment samples (including
HMC). Samples ere mainly from Aappalaartoq area and the northern part of
Storoe. Gold values up to 3.5ppm. Anomalous W, Cu and Ni. Minor geological
reconnaissance.
1992 NunaOil 10 days in July. Approx. 400 rock samples and 100HMC samples. Geological
sketch maps of the Aappalaartoq mountain. Generally moderate gold grades from
rock samples (up to 500ppb). Most rock samples were from sillimanite-garnet-
biotite gneiss.
1993 NunaOil Many site visits in June, July, August and September. A total of 210 mainly rock
and sediment samples were collected. The main work was on known anomalous
scree and sediment areas on Aappalaartoq. The fieldwork identified: 1. Gold
associated with arsenopyrite in altered amphibolite. 2) Gold in sulphide rich
garnet-hornblende rocks. Best rock sample 11.5ppm Au from a discontinuous
mineralized layer immediately above the contact between gneiss and amphibolite
on the Aappalaartoq SW face.
1994 NunaOil 5.5 weeks geological and geochemical survey. Approx. 550 mainly rock and
sediment samples collected. Follow-up work on Aappalaartoq and discovery of
Qingaaq (Main Zone (“ MZ”)) mineralization (up to 32ppm Au over 4m).
Qingaaq (@1:10,000) and Aappalaartoq (@1:5,000) were mapped in the vicinity
of mineralization. Topographic map prepared by Northway Map Technology with
10m contours but significant errors.
1995 NunaOil Bedrock sampling (including channel sampling) at revealed new targets at
Qingaaq and Aappalaartoq areas. A 2,478m drilling program was carried out in
MZ and on Aappalaartoq.
1996 NunaOil June through September- 400 mainly rock and sediment samples were collected to
evaluate favorable geology on Storoe. A 2128m drilling program was carried out
in Qingaaq and Aappalaartoq area. Several areas mapped and sketched. A
1:1,000near the main zone and area at 1:5,000. An 11.75km magnetic survey
completed at the lower part of the Main Zone.
A new zone, New Main Zone (NMZ) found east of Main Zone. Surface samples
with gold values to 18ppm.
1997 NunaOil Two weeks of fieldwork in August to follow-up NMZ. Mapping and preliminary
VLF studies revealed that MZ and NMZ could be identified by VLF.
2002 NunaMinerals Re-establish license (2002/07-222km2). Two day exploration in Aappalaartoq area
with 30 rock samples and a few sediment and scree samples from known
mineralized areas.
2003 NunaMinerals July-October: A total of 400 rock and sediment samples collected. A single 10m
Winkie hole completed on upper Qingaaq but no other holes do to drill problems.
Exploration resulted in discovery of BD Zone (BDZ) with best sample 17ppm Au.
2004 NunaMinerals May-September: Approximately 650m of not assayed 1996 core was split and
analyzed with sections up to 4.7ppm Au. At Qingaaq area, 550m of channel
sampling was completed in 34 profiles. Sampling focused on BDZ and produced
grades up to 20ppm Au/2.5m. Winkie drilling (5holes c. 130m)at upper Qingaaq.
2005 NunaMinerals June-September: Westherhaven Base Camp established for NM and GEUS
activities in Nuuk Fjord. Approx. 160 rock samples collected from Qingaaq and
Aappalaartoq areas. A c. 3900m drill program in the Qingaaq area.
2006 NunaMinerals June-August: A total of 220, mainly rock, samples included 300m of channel
sampling from MZ West; NMZ and Aappalaartoq SE areas. GEUS and NM co-
finance with 1:2000 mapping of mineralized areas and 1:10000 mapping of all
other zones on central Storoe. 2893m of diamond drill completed in the Qingaaq
and Aappalaartoq North shoulder areas.
2007 NunaMinerals July-August: A total of 100 rock sample, mainly channel samples collected on the
Aappalaartoq east ridge and at MZ West and BDZ on Qingaaq.1816m of diamond


drilling completed on lower and upper Qingaaq. 7 small bulk samples (c. 1200kg)
collected from different Au-zones for metallurgical tests and to assess the nugget
effect.
2008 NunaMinerals July to August: A total of 113 rock samples, mainly channel samples collected
from MZW and upper BDZ areas for grain size studies.

8.1 HISTORIC DRILLING AND SAMPLING
Saw channelled sampling programs were used to trace gold mineralized
surface exposures and establish drill targets. Drilling campaigns were undertaken
by Nuna Oil and Nuna in 1995, 1996, 2005, 2006, 2007, and 2008. The historic
drilling totalled c. 15,000m. Since Nuna continue as operator of the NGP until a
JV is formed with NGL, previous drilling is reviewed in Section 13 and 2009,
current exploration, is summarized in Section 12.

Table 8.2 Historic Drilling Through 2008 on NGP.

NO. OF DRILL
PROJECT TOTAL LENGTH SIGNIFICANT RESULTS* MINERALISATION
HOLES
Gold
mineralisation at
25m grading 6.89 g/t
two tectono-
Storoe Au,
stratigraphic levels
Qingaaq 65 11480 m 11.95m grading 12.67
separated by 100-
Prospect g/t Au
150 m. Gold zones
2m grading 52 g/t Au
can be traced for
minimum 1.2 km.
Similar structural
and geological
14m grading 0.5 g/t
Storoe setting as Qingaaq
Au. Surface
Aappalaartoq 6 1728 m prospect. Part of
sampling return
prospect c. 5 km long
46 g/t Au.
continuous gold
anomalous belt.
Series of gold-
Qussuk 0.6m grading 19.6 g/t bearing qtz-lenses.
Plateau 21 2828 m Au. Surface sampling Traceable for up
prospect return up to 36 g/t Au. to 600 m along
strike.
Hydrothermal
Qussuk 23m grading 1.24 g/t alteration zone.
Swan North 17 602 m Au Can be traced for
prospect 2009 results pending several kilometres
along strike.
Shear induced,
No significant drill
Isua carbonate hosted
grades. Surface
Tangent 4 372 m gold lenses
sampling return up to
Showing traceable for
106 g/t Au
several kilometres


*Intersections are drilled intervals and not true width.

9.0 GEOLOGICAL SETTING
9.1 REGIONAL GEOLOGY AND TECTONICS (Figure 9.1& 9.2)
The Regional geology of Greenland is shown after a GEUS compilation in
Figures 9.1 and 9.2. The southern part of Greenland is shown to be underlain by
Archean Craton that separated from the North American Craton, and an early
Phanerozoic orogenic belt, both of which have been intruded by a middle
Proterozoic intrusive complex. The Nuuk region comprises some of the largest
areas of exposed early, middle and late Archean crust. The region makes up part
of the North American Craton and correlates with Archean gneisses of the Nain
Province in Labrador, Canada. The geology is dominated by grey orthogneisses
formed during several episodes of crustal growth. The gneisses can be
subdivided into several distinct ages which amalgamated during the Neoarchean
(c. 2.7-2.6 Ga). Individual terranes are separated by deeply-seated tectonic
boundaries. Archean supracrustal belts, consisting of predominantly
metavolcanic rocks and lesser metasedimentary rocks occur within or between
crustal blocks. The Storoe supracrustal rocks are bounded to the west by the
Storoe shear Zone (Figures 9.2 & 9.3), which separates supracrustal rocks from
the c. 3.05 Ga orthogneisses of the Akia terrane in the structural footwall
exposed along much of northern Storoe’s western coast. To the east,
supracrustal rocks are overlain by Early Archean orthogneisses of the
Faeringehavn terrane and underneath the supracrustal belt, interleaved geisses
of Early to Late Archean age occur to the north.
The NGP was affected mainly by amphibolite facies metamorphism, with
sillimanite being the dominate alumino-silicate. Petrographic observations of gold
inclusions in garnet show that gold mineralization occurred prior to peak
metamorphism. Post peak metamorphism gold associated with retrograde
sericitization and epidotization suggest later gold remobilization.

The coastal Nuuk Fjord region has significant potential to contain large
lode gold deposits. The region’s structural similarity to Timmins, Ontario and
Kalgoorlie, Australia demonstrates that the Ivinnguit fault system,,which includes
the Storoe shear zone, may have been a major feeder conduit for gold-bearing
hydrothermal fluids. The presence of high grade gold occurrences along the 150
km length of the fault system supports its importance as a controlling feeder
zone.

9.2 PROPERTY GEOLOGY (Figures 9.3, 9.4, 9.5, & 9.6)
The supracrustal rocks on the NGP comprise a tectonically dismembered
sequence of mafic to intermediate amphibolite, ultrabasic rocks, garnet-mica-
sillimanite schist and fuchsite-bearing quartzite (Hollis et al., 2004). The
sequence is best exposed in the central and northern part of Storoe in the area
around Qingaaq (1616m) and Aappalaartoq (1440m) which are about 4 km apart
(Figures 9.2 & 9.3).



The Qingaaq and Aappalaartoq mountains contain a supracrustal
sequence consisting mainly of biotite gneiss, amphibolite, pegmatite and
quartzite and quartz rich gneiss. The Storoe shear zone represent a 350-400m
wide major structural zone with synformal and antiformal folding of supracrustal
rocks in its hanging wall (Figure 9.3). The supracrustal rocks generally follow the
NNE or NE trend of the major structural zone but are subject to complex folding
and structural offset at Aappalaartoq Mountain.

Amphibolite zones in the Qussuk area are shown in Figure 9.4 with traces
of alteration zones containing gold showings. Details of the geology of the Swan
North prospect and Plateau prospect (examined by the writer) are shown in
Figures 5 and 6 (prepared by Nuna, 2009) along with the location of the writer’s
verification samples.
.



Figure 9.1: Geology of Greenland



Figure 9.2 Generalized Geology of License Areas.
(Figure Prepared by NunaMinerals)



▲north

Figure 9.3 Geology Map of Central Storø (from Ostergaard, 2009).
(A=Aappalaartoq Mountain and QN=Qingaaq)



Figure 9.4 Qussuk Area Showings and Amphibolite Zones (From Nuna,



Figure 9.5 Swan North Geology, Drillhole Locations and Writer’s Sample
Location.



Figure 9.6 Geology of Plateau Prospect Showing Drillhole & Writer’s Sample
Locations.



10.0 DEPOSIT TYPE
10.1 Archean Gold (Figures 10.1& 10.2)
Exploration targets on the NGP are Archean greenstone belt structurally
controlled gold deposits (Figure 10.1) that are low sulfidation in the Storoe Gold
deposit with four named zones consisting of the BD, hanging wall, main and new main
zones. The highest gold concentrations are linked to zones of quartz veins and
arsenopyrite mineralization. The BD zone is associated with the contact between
garnet-rich gneiss and amphibolite while the other three zones occur in an antiformal
fold hinge. At Aappalaartoq Mountain elevated gold occurs in a rust contact zone with
sulphide mineralization in association with copper, lead and zinc mineralization in
quartz vein systems. Like the BD zone, the gold mineralization occurs at the contact
between amphibolite and garnet-rich gneiss. Mineralization, at the Qussuk prospects,
is intermediate sulfidation with modeling by Stensgaard and Stendal (2007)
suggesting the geological environment has possibility for volcanic massive sulphide
(VMS).
The gold mineralized intermediate and basic supracrustal volcanic rocks at
Storoe probably formed in a back-arc or intra-arc volcanic environment. The gold
mineralization occurs within zones of intense and deformation. The earliest
mineralization is believed to be synvolcanic, formed in an island-arc environment (e.g.
Qussuk), or associated with an early shearing event at low metamorphic grades. The
gold could be concentrated from nearby volcanic sources. At the BD zone gold
mineralization occurred pre-metamorphic, and is partly bound to the lower contact of
the upper amphibolite.

10.2 Nuuk Gold Province Exploration Approach
Greenstone belts are a major source of gold in parts of most Precambrian
shields with the gold production in central and eastern Canada mainly from Archean
greenstone belts. Silt sampling helps to select specific areas for ground follow-up with
geological mapping and prospecting and when gold is involved heavy mineral
sediment sampling may be more selective. In steep terrane silts and soils may not
develop and scree sampling can give indications of the content of rugged areas. The
extensive exposure and poorly developed vegetation allows prospectors to follow
favourable horizons and geologists to evaluate surface mineralization using sawed
channels. All of the common geochemical approaches have been used with
reasonably good success by Nuna.
In areas with higher sulphide content or stronger pyrrhotite, magnetic and
electrical geophysical methods might help define mineralized zones. Silicified zones
without connected sulphide layers may be revealed as high resistivity zones. Airborne
magnetic and electromagnetic methods have been attempted but their utility has yet to
be established. Since Archean gold deposits are associated with contacts and/or
structures the VLF-EM method can be used to follow mineralized structures in covered
areas and resistivity may help in evaluating the degree of silicification. Eventually the
surface indication must be evaluated at depth and along strike with drilling and
because of complex structure Nuna has mainly relied on diamond drilling.



Figure 10.1 Model for Archean Greenstone Belt Gold Deposits (Pulsen et al.,
2000).

Figure 10.2 Simplified Model of Geological Environment and Mineral
Occurrences NGP (Stensgaard and Stendal, 2007).



11.0 MINERALIZATION
At Storoe mineralization occurs at two main tectono-stratigraphic levels with
high-grade lenses of quartz veins and disseminated sulphides and sulpharsenides in
mineralized and altered higher-grade zones up to 12m wide and several hundred
meters along strike within a larger, 10-50m, wide low-grade alteration envelope
dominated by garnet-hornblende-biotite-diopside-rich rocks. Gold mineralization on
the Storoe License occurs together with arsenopyrite at the BD Zone and the Main
Zone on the north slopes of Qingaaq Mountain. Extensive channel sampling and
more than 12,000 metres of core drilling has demonstrated continuity of mineralization
in three dimensions on both the Main and BD Zones.

The Main Zone gold mineralization occurs in an altered upper amphibolite
sequence in the core of an antiformal fold with gold in quartz veined rocks, commonly
rich in garnet and biotite. A Main Zone, 1.00m chip sample by the writer contained
25.0g/t Au (Acme 22.31g/t Au) and 2.00m chip samples 197353 and 197356
contained 8.72 g/t Au and 8.80g/t Au respectively. The Main Zone occurs within a
large, ENE-plunging F3 antiformal hinge (Main Zone s.s.) with an eastern flank (Main
Zone east and Hanging Wall Zone) and a western flank (Main Zone west) that each
can be followed uphill for approximately 400 m on surface (Fig. 11.1). Rock samples
return up to 91 g/t Au in this area with common visible gold in both surface and drill
core samples. The mineralisation has been traced to 150 m below the surface in drill
holes. The lower part of the hinge area is covered by scree, and the exact dimensions
and geometry of the mineralisation in this area is thus only indicated from drill hole
data. Higher-grade gold mineralisation occurs as a series of presumably discontinuous
lens-shaped bodies (2–12 m wide), within a larger, low-grade (generally >1g/t Au)
alteration envelope dominated by garnet-hornblende-biotite-diopside-rich rocks (10–50
m wide). The area is partly disturbed by late pegmatites. Gold grades in drill samples
up to 52 g/t Au over 2 m occur in a 12m interval grading 12.67 g/t Au.

The lower BD Zone is on the contact between biotite-sillimanite-garnet gneiss
and the upper amphibolites. The BD gold mineralization occurs mainly in quartz-
veined, arsenopyrite-bearing zones along the contact and in both rock types up to
20m away from the contact, mainly within or next to sections of sheeted quartz veins.
The BD zone, exposed at 700–1050 m elevations, has been followed along strike for
700-800m with channel samples that returned up to 20g/t Au over a true width of
2.5m. Three-dimensional modeling of the BD zone based on surface geology and drill
core information shows that the zone dips to the NE underneath the Qingaaq north
face, and defines a major folded mineralised plane structurally below the Main Zone. It
gets progressively shallower (dipping c. 45° at depth) down from the exposures near
the top of the Qingaaq north face. The fold geometry gets progressively more complex
towards the north (downhill). In drill holes at the foot of the Qingaaq north face, the BD
plane has been recognized as deep as 300 m elevation (150–200 m below surface),
giving a minimum known length of the BD horizon of c. 1000 m. Gold grades in drill
core samples range from 1g/t Au to up to 30 g/t Au over a minimum of 2m.
Re-Os analyses of arsenopyrite show that two periods of gold mineralization
occurred with older mineralization of the BD Zone possibly re-mobilized during peak


metamorphism into structurally controlled and higher grade Main Zone mineralization.
Gold grades in drill samples range up to 52 g/t Au over 2m in a 12m interval grading
12.67 g/t Au. The higher-grade nature of the Main zone mineralization was verified by
the writer’s samples. A New Main Zone, discovered in 1996, is 2-10m wide and
located west of the Main Zone west in a NE-SW trending ductile thrust plane. Narrow
quartz veins occur within altered amphibolite which can be traced for about 400
meters.

Gold at Storoe also occurs within sulphide-rich garnetite consisting mainly of
almandine garnet, biotite and pyrrhotite, and within Iron formation. The iron formation,
occurring stratigraphically below the BD horizon will be targeted with some Phase 1
drill holes. A BD zone, 1.00m chip sample by the writers contained 5.24g/t Au (Acme
3.90g/t Au) and a writer’s 2.00m chip sample contained 0.976g/t Au (Acme 0.83 g/t
Au).



▲north

Figure 11.1 Qingaaq Prospect Showing Locations for BD and Main Mineralized
Zones.



11.1 GENERAL DESCRIPTION

The NGP covers the known gold prospects in the Nuuk Gold Province and
favourable geology believed to have excellent potential for new discoveries. The area
has similar geological history to Archean greenstone belts in Ontario and Quebec,
Canada but the host rock were exposed to higher pressure and temperatures. The
metamorphic conditions resulted in mainly amphibolite and some granulite facies
metamorphism with mineralized zones rich in garnet, amphibole, mica and sillimanite,
pyrrhotite, and arsenopyrite with more abundant chalcopyrite, sphalerite and galena in
area with VMS affinity.

11.2 EXPLORATION TARGETS
At the Storoe gold deposit the emphasis is on definition drilling and expansion
of the Main and BD zone mineralization (Storoe Gold Deposit). A thrust ramp model
has been postulated and if found to be applicable will expand the tonnage potential of
the BD and Main zones.
At the Qussuk prospects mineralization has been traced for nearly 20km with
mineralization believed to be syn-volcanic and formed in an island-arc environment.
Four main named zones include the Plateau Zone, Blue Fox Zone, Swan Zone, Swan
N Zone and recently discovered Alma Zone:
• Plateau Zone contains auriferous zones 1.5-2.0m wide consisting of garnet altered
sulphide-bearing, quartz veined amphibolite. Visible gold (VG) has been identified
in quartz veins with a Nuna grab sample yielding 35g/t Au and 7 of 20 diamond drill
holes completed in 2008 reporting VG. The VG is typically found in narrow quartz
veins (up to 0.6m) flanked by semi-massive to massive pyrrhotite and minor
chalcopyrite. A 1m chip sample collected by the writer contained 9.40 g/t Au.
• Blue Fox Zone is exposed on the south-side of Qussuk Bay where gold occurring
quartz veined amphibolite, calc-silicate alteration and 5-30cm wide band of
massive to semi-massive iron-copper sulphides. A Nuna sawed 1.5m channel
yielded 21.7g/t Au and several other rock and sediment samples in an area 25 by
100m are in the 2-5g/t Au range.
• Swan Zone contains semi-massive to massive iron-copper sulphides in fold hinges
in grey meta-andesite and amphibolite with local meter wide zones enriched in
sulphides. An 80m wide alteration package with quartz, hornblende, garnet,
tourmaline and iron-copper sulphides returned modest gold values. DDH 25
intersected 24m grading 1.23 g/t Au in the alteration zone.
• Swan N Zone is a 30-80m wide by 1km N-S trending zone of partly silicified,
hornblende, quartz, garnet, biotite, and iron-copper sulphide bearing zone. Nuna
channel samples yield up to 2m grading 6.5g/t Au (writer’s check sample 6.15g/t
Au) with several other 2m channel samples grading 1-3g/t Au. Zone was drill in
2009 with results pending.
• Alma Zone west of Swan N Zone was discovered in 2008 has several surface
samples in the 1-4.5g/t Au range. The zone occurs along a 1.5km trend that is in
the early prospecting stage.



11.3 EXPLORATION POTENTIAL
The NGP is believed to have potential to develop into a significant Archean
gold camp with the geological model developed by NUNA and GEUS (Figure 10.2)
suggesting the potential for precious metal enhanced VMS deposits. The VMS
possibilities are also being investigated at the Qussuk, Isua and Igasoq licenses.

12.0 EXPLORATION BY THE ISSUER
NGL is earning its interest in the NGP by initially funding exploration with Nuna
acting as operator. Nuna’s staff gained experience in exploring the NGP through
programs conducted since 1991 and NGL will acquire expertise as it manages
budgets and earns toward a JV. The previous exploration included c. 3600 surface
samples from Storoe including c. 3000m of diamond sawed channel samples. The
majority of these samples are from the Aappalaartoq and Qingaaq mountain areas
and Qussuk where systematic sampling is continuing during the 2009 field season.
Historic drilling totalling over 17,000m is summarized in Table 8.2 and in Section 13 of
this report.

Nuna and an associated company NunaOil have explored the in the NGP area
since 1991. The Qingaaq prospect and Aappalaartoq Mountain area has been
explored with c. 3600 surface samples which includes c. 3000m of rock channel
sampling and approximately 13,000m of drilling with 66 holes at Qingaaq and 6 at
Aappalaartoq. Six short Winkie holes were also drilled. Drilling was started at Qingaaq
by NunaOil in 1995 and 1996 and later continued by Nuna in 2003, 2004, 2005, 2006
and 2007.

A regional recognisance programs of Qussuk in 2004 and 2005 produced
samples with encouraging results and in 2006 a more substantial surface sampling
program was conducted. The 2007 results led to a helicopter supported airborne
SkyTem magnetic and electromagnetic survey covering 45km2 with lines spaced at
100 meters and 400 line kilometres flown. The positive results from surface sampling
and airborne geophysics led to a 3430 m drilling program in 2008 with 20 holes drilled
in the Plateau Zone, 1-300m hole drilled to test a SkyTem anomaly in the Swan Zone
and 4 holes drilled in the Swan N Zone.
The Isua concession contains the Tangent Gold Showing and Baseline Target
(base metals) with a 110g/t grab sample containing from the Target showing and a
kilometre long electromagnetic Baseline conductor associated with Zn, Pb, Ag, and Au
mineralization. A 2008 four hole 372m initial drilling program at Isua produced no
significant drill results.

Historic exploration from 1991 through 2008 by Nuna and NunaOil on the GNP
has included over 5,000 surface samples and 17,010m of diamond drilling. Screened
metallics assays have been used on mineralized core and elevated surface sample to
moderate the nugget effect caused by the irregular distribution of course gold.

The 2009 field season being financed by NGL has concentrated on the Qussuk
prospect area with a diamond drilling program at Swan North (Figure 12.1) of
1363.45m completed in 13 holes at 7 sites. The target zones, auriferous garnet-biotite-


quartz-sulphide zones, were intersected, core logged and samples. A drill hole
summary is presented in Table 12.1 with hole locations shown on Figure 12.1.

The 2009 program, presently in progress, is being funded by NGL with an
advance of $500,000 paid to Nuna. At Storoe, 9 sites were selected for drill pad
preparation for the 2010 drilling program (Figure xx). About 4,000 (20-25 holes) of
drilling is planned to provide information on the BD Zone on about an 80m x 100m
grid. Drilling would extent up to 60m beyond the BD zone to intersect the underlying
iron formation. An additional 1000m of drilling in the main zone to test a thrust ramp
model and possibly extend the Main zone is being considered.
At Qussuk, a 13 hole drilling program of 1363.45m was completed at 7 sites at
Swan North (Table 12.1, Figure 12.1). The garnet-biotite-quartz-sulphide targeted
zones were intersected with core logged, sampled and submitted for analyses.
Surface saw channel sampling included:
• Alma-15profiles with total length of 82.5m,
• Swan North-8 profiles with total length of 95m.
A total of 34 sediment samples were collected from drainage systems to the east and
northeast of Swan and Swan North.

At Igasoq a 54 sediment sampling program was carried out. At Qilanngaarsuit
a one week reconnaissance rock sampling and sediment sampling program was
carried out.

Further 2009 drilling (possibly 600m) and follow-up surface geochemical
sampling are contingent on the successful results of the completed work grogram.

Table 12.1 Pertinent Hole Data for NGL/Nuna 2009 Drill Program.

Borehole Inclination Azimuth Depth Drill Pad Coords Elevatio
No. N W n
DDH-26 -80o 125o 124.68m 64.81082 51.09246 257m
DDH-27 -45o 120o 80.00m 64.81173 51.09060 258m
DDH-28 -70o 120o 100.35m 64.81173 51.09060 258m
DDH-29 -45o 120o 82.11m 64.81290 51.08865 270m
DDH-30 -70o 120o 112.52m 64.81290 51.08865 270m
DDH-31 -45o 120o 80.22m 64.81401 51.08628 328m
DDH-32 -70o 120o 120.64m 64.81401 51.08628 328m
DDH-33 -45o 120o 100.35m 64.81490 51.08496 364m
DDH-34 -70o 120o 121.64m 64.81490 51.08496 364m
DDH-35 -45o 115o 91.23m 64.80742 51.09920 308m
DDH-36 -70o 115o 127.72m 64.80742 51.09920 308m
DDH-37 -45o 110o 91.23m 64.80843 51.09689 268m
DDH-38 -70o 110o 130.76m 64.80843 51.09689 268m



Figure 12.1 Location of Qussuk 2009 Boreholes and Surface Saw channel
Samples.
(Profile lines are detailed traverses for location of boreholes (from Brown, 2009).



13.0 DRILLING
NGL supported 2009 drilling in the Swan North Prospect, Qussuk area of
the NGP was completed prior to the writer’s site examination (Table 12.1; Figure
9.5). Historic drilling totalling c. 17,000m had been conducted by Nuna and
NunaOil with the majority concentrated on the BD and Main Zone at the Qingaaq
prospect on Store (Figures 13.1, 13.2, &13.3). Significant drill intersection from the
BD and Main Zone are summarized in Table 13.1). Nuna, with funding provided by
NGL, has prepared 9 additional pads to further evaluate and if successful delineate
gold mineralization at the BD and Main zones.

Table 13.1 Selected Drill Intersections From the Main Zone and the BD Zone,
Qingaaq prospect, Storø.

Storø Drill Hole Intersection (m)* Length (m) Au g/t
No.
Main Zone 95-01 6.00-18.00 12.00 4.24
95-03 32.00-42.00 10.00 10.10
95-05 45.10-57.00 11.90 12.70
05-24 37.00-51.00 14.00 7.92
06-32 63.95-78.00 14.05 3.83
BD-Zone 05-14 89.00-93.00 4.00 9.58
05-17 129.00-135.00 6.00 5.07
06-29 160.00-162.00 2.00 12.90
07-47 69.00-73.00 4.00 7.01
* Drilled interval not corrected to true width.



Figure 13.1 Drillhole Plan at the BD and Main Zones (Storoe Deposit) at Qingaaq Mountain Prospect.



.

Figure 13.2 Qingaaq Longitudinal Section 1. (from Nuna (Loc. see Fig. 13.1).



Figure 13.3 Qingaaq Longitudinal Section 2 (From Nuna (Loc. see Fig. 13.1).



Table 13.2 Summary of Selected Drill core Samples 2008 Qussuk.

Length
Drill Hole

Section [m] Gold [g/t]
DDH-01 36.00-36.60 0.60 19.10
Plateau Zone DDH-02 46.00-48.00 2.00 4.64
DDH-03 39.50-41.00 1.50 5.92
DDH-14 36.60-37-70 1.10 12.60
DDH-15 32.80-34.00 1.20 6.68

DDH-25 45.00-46.00 1.00 3.59
DDH-25 51.00-52.00 1.00 1.11
Swan N Zone DDH-25 52.00-53.00 1.00 1.68
DDH-25 53.00-54.00 1.00 4.51
DDH-25 65.00-67.00 2.00 8.46

Selected drill hole intersections from Qussuk 2008 drill programme
Drilled intervals not corrected to true width.

Selected drill intersection from the 2008 drilling of the Plateau and Swan
North zones at Qussuk are shown in Table 13.2 with hole locations shown on
Figures 9.5 and 9.6. The 2009 drillhole locations at Swan North are also shown on
Figure 9.5.

A summary of historic drilling in the NGP is presented in Table 13.3.


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