Overlying these are the spectacular late Proterozoic sediments of the so-called Thule Basin, which was formed as a result of a continental breakup that occurred about 1,300 million years ago. The Thule Basin’s deposits include fluvial plains, shallow marine sediments, and volcanic rocks, which were deposited in a series of fault-bounded geological blocks (half-grabens) orientated WNW–ESE. The formation of these half-grabens was a consequence of extensional tectonics, which also affected neighbouring Arctic regions.
Volcanism plays a central role in the basin, where Neoproterozoic basaltic sills, known as the Steensby Land Sill Complex, and the Thule Dyke Swarm represent magmatic events associated with the Franklin magmatic event around 670 million years ago. This event also has geological parallels in the Canadian Arctic region.
The area is known for occurrences of minerals such as copper, ilmenite and iron-rich sulphides and has potential for gold and other minerals. Magnetite belts in the region span over 400 km and are related to similar occurrences on Baffin Island, Canada. The basin is therefore not only geologically significant but also important if we want to understand the area’s resources and tectonic history.