お知らせ • Oct 24
Amaroq Minerals Ltd Announces Successful Completion of 2024 Exploration Field Season
Amaroq Minerals Ltd. announced to that it has successfully completed its 2024 exploration programmes across its portfolio in South Greenland. Highlights: Successfully completed exploration across nine licenses, with 8,601m of core drilling across five key targets focused on gold, copper, and nickel. This included first-time drilling at the exciting Nanoq gold and Josva copper projects. Gold Exploration – 100% ownership: Completed 2,895m of resource drilling in 11 holes targeting the promising Nalunaq Target Block Extension Zone. Reassessed and resampled historical drill holes across the new 75 Vein and other prospective hanging wall veins. Collected new surface samples from the Main Vein and the newly discovered 75 Vein at Target Block Extension. Completed exploration work has laid the foundation for a planned underground drill definition programme and an updated Mineral Resource estimate. Conducted first surface sampling at Eagle’s Nest, 30km north of Nalunaq. Completed first scout drilling (130m across two holes) at the high-grade Nanoq gold project. Strategic Minerals – 51% ownership through Gardaq Joint Venture. Completed a significant 4,773m of remote exploration drilling at the Stendalen Cu/Ni project, enhancing geological understanding. Conducted new scout drilling (501m in two holes) at the epithermal copper/gold mineralization at Target North. Completed initial drilling (212m across two holes) at the high-grade copper mineralization at the historic Josva mine. Detailed geological prospecting undertaken across the South Greenland Copper Belt to identify new exploration and drill targets spanning copper skarn, porphyry and epithermal systems. In 2024, Amaroq set ambitious goals focused on the commissioning and development of the new Mineral Resource at its cornerstone Nalunaq asset. Additionally, the Company aimed to deepen its geological and mineralization understanding at the Stendalen Cu/Ni discovery and the emerging South Greenland Copper Belt. Thanks to the success of the Company’s geological teams and strong logistical planning, these programmes were completed ahead of schedule. This enabled Amaroq to expand its exploration efforts, including additional drilling at Target North, Josva, and Nanoq. At Nalunaq, Amaroq completed a robust 2,895-meter resource drilling programme targeting the extension of both the Main Vein and the newly discovered 75 Vein, west of the last mined stopes within the Target Block. This 11-hole programme was supported by surface chip and channel sampling from the outcrops of the Main and 75 Veins, using the same expert mountaineering team deployed in previous explorations across the Mountain Block. The results from this work will provide essential data for Amaroq’s upcoming underground definition drilling, scheduled for Fourth Quarter 2024, positioning the Company for further resource development at Nalunaq as the Company prepares for a Mineral Resource estimate update. Gold Exploration: In addition to the successful work at Nalunaq, Amaroq expanded its exploration efforts to the satellite Eagle’s Nest target, located 30km north within the Nanortalik Gold Belt. Previous sampling at Eagle’s Nest returned grades as high as 34g/t Au. The team is excited about the potential for Eagle’s Nest to evolve into a high-grade orebody, which, given its proximity to the Nalunaq processing plant currently under construction, could represent a significant logistical advantage. Amaroq also made significant progress at the Nanoq gold project on the eastern side of the Nanortalik Gold Belt, where the Company completed its first drilling programme. These results will be invaluable in assessing the potential of this high-grade orogenic gold system, which has previously shown grades up to 175g/t Au over 0.8m in channel samples and significant copper mineralization. This marks an exciting step towards defining Nanoq as a major high-grade gold project with considerable resource potential. In the Company’s strategic mineral portfolio, the majority of efforts were dedicated to the Stendalen Cu/Ni project, located 65km northeast of Nalunaq. Amaroq established a remote 40-person exploration camp to support a three-rig drilling programme aimed at testing several strong geophysical anomalies identified from recent airborne and surface surveys. These anomalies indicate potential magmatic sulphide bodies at depth. The programme was further enhanced by a downhole electromagnetic survey completed in October, and assay results are expected shortly. These results, along with input from international experts, will play a crucial role in shaping the geological model for continued exploration in 2025. Beyond Stendalen, Amaroq carried out extensive geological reconnaissance and drilling across the 120km-long South Greenland Copper Belt, which spans four exploration licenses and one pending application. Initial findings have already highlighted key copper and copper/gold targets, with geochemical results expected soon. This drilling programme has reinforced the Company’s understanding of its substantial land package which covers a diverse range of mineralization systems. These include deep copper skarn systems, classic copper/molybdenum porphyry systems, and higher-level epithermal systems, all preserved at different stratigraphic levels. As progress from Josva in the west, through Sava, and ultimately to the new epithermal targets within the Johan Dahl Land license application, the geological complexity and potential of this region become increasingly evident. These opportunities have been highlighted following the Company’s extensive geological research including mineral system modelling and geological reconstructions. It is Amaroq’s belief that these mineral systems have been overlooked due to their geological age and lack of modern exploration in the region. During the copper exploration programme, guided by independent expert Steve Garwin, Amaroq conducted a short scout drilling programme at the Target North intermediate-sulfidation epithermal system, with core samples currently undergoing assay testing.
