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Metal & Mining Stocks
Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ) Announces Significant Update to Mineral Resource Estimate for Nalunaq Gold Mine
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Highlights
Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ) has provided an important update on the Mineral Resource Estimate (MRE) for the Nalunaq gold mine, located in Greenland. The new MRE shows a significant increase of 51% in the overall contained gold, with 157.6koz in the Indicated category and 326.3koz in the Inferred category.
The updated resource estimate includes a maiden Indicated Mineral Resource of 151kt @ 32.4g/t Au for 157.6koz Au, alongside an additional 348kt @ 29.2g/t Au for 326.3koz Au in the Inferred category. The estimate has been reported in accordance with CIM Definition Standards by Bara Consulting Ltd. The increase in the Indicated Mineral Resource category represents a key milestone, opening the door for potential conversion to Mineral Reserves and supporting the continued development of the project.
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