Nanoq drilling results confirm significant gold copper mineralisation

Core Insights - Amaroq Ltd. has confirmed significant gold and copper mineralization at the Nanoq gold project in South Greenland, with drilling results exceeding pre-drill expectations and indicating the potential for a material gold deposit [2][3][4] Exploration Results - The 2025 exploration program included 4,807 meters of diamond drilling across 27 holes, successfully testing approximately 600 meters of strike length within the Nanoq Central Zone, with mineralized intervals averaging about 3.3 meters thickness at a grade of 9.98 g/t Au at depths of up to 70 meters [5][11] - High-grade intersections were reported, including 187.4 g/t Au over 1.5 meters and 19.6 g/t Au over 4.9 meters, all at shallow depths, with 63% of holes intersecting mineralization [5][19] - The geological mapping has extended the interpreted strike of the Central Zone to 1.5 kilometers and identified previously unrecognized mineralized structures with surface grades of up to 9.5 g/t Au [5][16] Geological Insights - The Nanoq project hosts gold-bearing quartz veins within a folded volcano-sedimentary sequence, with mineralization concentrated in fold hinges and steeply dipping sheared fold limbs, indicating a complex geological structure typical of significant orogenic gold deposits [15][19] - The presence of copper was also confirmed, with intersections showing up to 1.12% Cu over 0.5 meters, suggesting a potential for copper alongside gold [5][20] Future Development Plans - The company aims to fast-track resource drilling to establish a maiden resource in the near term, leveraging the confidence gained from the recent results [4][11] - Infrastructure solutions are being explored, including a short 3 km access road to facilitate efficient transport of material to the Nalunaq processing facility [12][13] Historical Context - The Nanoq project, first identified in the 1990s, has not been systematically explored until now, making the 2025 drilling program the first comprehensive exploration campaign since 1997 [9][11] - The project is emerging as a distinct geological system compared to the Nalunaq mine, with multiple gold-bearing veins and greater combined thickness near the surface, indicating its potential as a standalone project [8][11]