 During the 1970s, junior Canadian mining companies, among them Platinomino, Fiscannex, and Valhalla, explored the region for chromite and platinum and attempted, unsuccessfully, to commercialize the ruby occurrences near Fiskenaesset.Peter Appel (1995) with the Geological Survey of Denmark and Greenland, published a review of the six ruby deposits then known in the Fiskenaesset district and recognized sufficient potential to encourage further exploration.Based on his recommendations, two independent geologists named Bill Brereton and Bill Anderson consolidated the land holdings at Fiskenaesset.