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Highlights

  • 5,524 metres of core drilling completed across three key Gardaq JV mineral exploration projects
  • Quantitative analysis at Stendalen revealed cobalt concentrations up to approximately 10% within sulphides
  • Four new porphyry/epithermal targets delineated across South Greenland Copper Belt for 2025 follow-up

Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ) has reported the results of its 2024 exploration program conducted through Gardaq AS, its joint venture focused on strategic minerals in Southern Greenland. The program covered seven exploration licences and included extensive mapping, geochemical sampling, and 5,524 metres of core drilling at high-priority copper, nickel, cobalt, and gold targets.

At the Stendalen project, drill results have revealed multiple zones containing copper-nickel-cobalt sulphides. One narrow semi-massive sulphide zone was intersected, with pending assays expected to further define the mineralization potential. Quantitative petrographic analysis confirmed the presence of high copper and nickel values, and notably cobalt concentrations reaching up to approximately 10%. A downhole geophysical survey post-drilling has identified additional chargeable features, setting the stage for future drilling targets.

Work across the South Greenland Copper Belt has led to the delineation of four additional porphyry and epithermal targets for continued exploration in 2025. At Target West, Gardaq has identified South Greenland’s first copper porphyry system, solidifying its strategic importance in the region.

Exploration at the Johan Dahl Land licence resulted in the discovery of the Ukaleq project, where earlier samples returned grades of up to 12.3 g/t gold and 5.1% copper. At Josva, scout drilling extended known host structures, intersecting bornite-bearing zones with copper grades of up to 0.38% and silver up to 6.0 g/t, though current results are considered subeconomic.

Additionally, scout drilling at Target North confirmed the presence of a significant epithermal system, despite a lack of economic mineralisation in initial holes. Three new licence applications have been submitted, and Dr. Steve Garwin has been appointed as Chief Technical Advisor for porphyry and epithermal systems, signaling continued focus on exploration strategy and technical development.