Amaroq announces drilling results at Greenland project

This maiden campaign has returned high-grade gold intercepts, underscoring the project’s robust potential and advancing Amaroq’s strategic foothold in this prolific gold region.

The initial drilling programme, designed to validate Amaroq’s geological model and to confirm mineralisation at depth within the Nanoq target, comprised two strategically positioned scout drill holes totalling 133.1 m. The drill core intersected three zones of high-grade gold within orogenic quartz veins including significant coarse visible gold.

Highlights

• 133.1 m of scout drilling completed at the Nanoq discovery outcrop, originally identified by GEUS in 1996 and reassessed by Amaroq in 2021.
• Multiple intersections of high-grade orogenic gold mineralisation, with coarse visible gold in quartz veins with thicknesses up to 3 m surrounded by mineralised alteration zones.
• Initial results confirm the high-grade gold potential of the Nanoq Project, located 120 km from Amaroq’s Nalunaq Mine, within the Nanortalik Gold Belt.
• Highlights potential for an expanded 2025 drilling programme to further define Nanoq’s potential and progress towards delineating a maiden mineral resource.
• The company is exploring the feasibility of bulk sampling and processing of the material from Nanoq at the Nalunaq facility.

Eldur Olafsson, CEO of Amaroq, commented:

“These results mark a significant milestone in our Greenland exploration efforts, confirming Nanoq’s exceptional gold potential and strengthening our understanding of the Nanortalik Gold Belt. The visible gold intersected in these first drill holes reflects the high-grade zones we see at Nalunaq, highlighting the potential for multimillion-ounce discoveries in the region.

We are now looking to broaden our exploration initiatives as well as the concept of future bulk sampling at Nanoq with processing at our Nalunaq facility. This cost-effective approach would not only confirm Nanoq’s high-grade potential and economic viability but also position us to enhance production and cash flow by leveraging and potentially expanding the processing capacity of our existing infrastructure.”

James Gilbertson, VP Exploration for Amaroq, commented:

“This inaugural drilling at Nanoq has validated our geological hypothesis and provides compelling evidence of a robust gold-bearing system. We are optimistic about Nanoq’s potential and look forward to expanding our exploration efforts to increase our understanding of this resource in 2025.”

Read the article online at: https://www.globalminingreview.com/mining/27112024/amaroq-announces-drilling-results-at-greenland-project/