Expansion of Copper-Gold Ore Potential at Nalunaq, Southern Greenland

According to Mining.com, Amaroq Minerals has acquired a new license in southern Greenland, bringing its total licensed area in the region to 6,800 square kilometers.

The Johan Dahl land area in the South Greenland Copper Belt covers 666.5 square kilometers. Amaroq stated that the region holds significant copper potential. Through the Gardaq joint venture, the company already holds mining rights over approximately 3,147 square kilometers of the copper belt.

Prior to the license grant, the Amaroq team had conducted extensive fieldwork in the Ukaleq target area. Sampling analysis of quartz-sulphide vein outcrops yielded exciting results, with gold grades reaching up to 12.3 grams per mt and copper at 5.1%.

Through detailed geochemical analysis, the company has so far identified a 19-square-kilometer copper-gold anomaly zone. The company stated that the geochemical characteristics suggest the potential discovery of low- to intermediate-sulphidation deposits, similar to those found in other parts of the world.

"The granting of the Johan Dahl land license, along with early exploration results, demonstrates Amaroq's commitment to unlocking Greenland's critical mineral potential," said James Gilbertson, Vice President of Exploration at the company.

"The South Greenland Copper Belt is rapidly emerging as a significant exploration area, and our work in the Ukaleq target area has already demonstrated its substantial resource potential."

With the addition of the new land area, Amaroq is expected to integrate its 2024 exploration program with this year's broader exploration strategy.

Planned actions include conducting geophysical surveys to precisely locate initial drilling targets in the Ukaleq target area, collecting geochemical samples to further delineate high-grade zones within the 19-square-kilometer area, and identifying other mineralization systems within the Johan Dahl license area.

Amaroq's primary development project in southern Greenland is the previously producing Nalunaq gold mine, which the company acquired in 2015 and recently brought back into production.