Commencement of 2025 Exploration Campaign
Amaroq Ltd. (OTCQX: AMRQF) has launched its ambitious 2025 exploration campaign across multiple projects in Greenland. The program includes up to 3,500 meters of surface drilling and continuous underground drilling at the Nalunaq gold mine, and approximately 5,000 meters of core drilling at the Nanoq gold prospect.
The campaign encompasses multiple commodities and locations, including gold, copper, nickel, and rare earth elements exploration across South Greenland and new licenses in the north. Key initiatives include advancing the Nalunaq gold mine resource expansion, developing Nanoq towards a maiden Mineral Resource Estimate, and conducting initial reconnaissance of the newly acquired West Greenland Hub, which includes the former Black Angel zinc-lead-silver mine and Kangerluarsuk project.
Amaroq Ltd. (OTCQX: AMRQF) ha avviato la sua ambiziosa campagna di esplorazione per il 2025 su pi霉 progetti in Groenlandia. Il programma prevede fino a 3.500 metri di perforazioni in superficie e perforazioni sotterranee continue presso la miniera d'oro di Nalunaq, e circa 5.000 metri di perforazioni a carota presso il giacimento aurifero di Nanoq.
La campagna coinvolge diverse materie prime e localit脿, tra cui esplorazione di oro, rame, nichel e terre rare nel Sud della Groenlandia e nuove concessioni a nord. Le iniziative principali comprendono l'espansione della risorsa mineraria della miniera d'oro di Nalunaq, lo sviluppo di Nanoq verso una prima stima delle risorse minerarie e la ricognizione iniziale del nuovo West Greenland Hub, che include l'ex miniera di zinco-piombo-argento Black Angel e il progetto Kangerluarsuk.
Amaroq Ltd. (OTCQX: AMRQF) ha lanzado su ambiciosa campa帽a de exploraci贸n 2025 en m煤ltiples proyectos en Groenlandia. El programa incluye hasta 3.500 metros de perforaci贸n superficial y perforaci贸n subterr谩nea continua en la mina de oro Nalunaq, y aproximadamente 5.000 metros de perforaci贸n de n煤cleo en el prospecto de oro Nanoq.
La campa帽a abarca m煤ltiples commodities y ubicaciones, incluyendo exploraci贸n de oro, cobre, n铆quel y elementos de tierras raras en el sur de Groenlandia y nuevas licencias en el norte. Las iniciativas clave incluyen avanzar en la expansi贸n de recursos de la mina de oro Nalunaq, desarrollar Nanoq hacia una estimaci贸n inicial de recursos minerales y realizar un reconocimiento inicial del reci茅n adquirido West Greenland Hub, que incluye la antigua mina de zinc-plomo-plata Black Angel y el proyecto Kangerluarsuk.
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鞚措矆 旌犿帢鞚胳潃 雮秬 攴鸽Π霝�霌滌檧 攵侂秬 鞁犼窚 項堦皜甑棴鞐愳劀 旮�, 甑Μ, 雼堨紙, 頋啝毳� 鞗愳唽 韮愳偓毳� 韽暔頃� 雼れ枒頃� 甏戨瓿� 鞙勳箻毳� 鞎勳毎毽呺媹雼�. 欤检殧 氇╉憸電� Nalunaq 旮堦磻 鞛愳洂 頇曥灔 於旍, Nanoq鞚� 斓滌磮 甏戨 鞛愳洂 於旍爼旃� 臧滊皽, 攴鸽Μ瓿� 瓿缄卑 Black Angel 鞎勳棸-雮�-鞚� 甏戩偘瓿� Kangerluarsuk 頂勲鞝濏姼臧� 韽暔霅� 靸堧 鞚胳垬頃� West Greenland Hub鞚� 齑堦赴 鞝曥鞍 臁办偓 靾橅枆鞛呺媹雼�.
Amaroq Ltd. (OTCQX: AMRQF) a lanc茅 sa campagne d'exploration ambitieuse pour 2025 sur plusieurs projets au Groenland. Le programme comprend jusqu'脿 3 500 m猫tres de forage en surface et un forage souterrain continu 脿 la mine d'or de Nalunaq, ainsi qu'environ 5 000 m猫tres de forage de carottes au prospect aurif猫re de Nanoq.
La campagne couvre plusieurs mati猫res premi猫res et sites, notamment l'exploration de l'or, du cuivre, du nickel et des terres rares dans le sud du Groenland et de nouvelles licences au nord. Les initiatives cl茅s incluent l'expansion des ressources de la mine d'or de Nalunaq, le d茅veloppement de Nanoq vers une premi猫re estimation des ressources min茅rales, et la reconnaissance initiale du nouveau West Greenland Hub, qui comprend l'ancienne mine de zinc-plomb-argent Black Angel et le projet Kangerluarsuk.
Amaroq Ltd. (OTCQX: AMRQF) hat seine ehrgeizige Explorationskampagne 2025 f眉r mehrere Projekte in Gr枚nland gestartet. Das Programm umfasst bis zu 3.500 Meter Oberfl盲chenbohrungen und kontinuierliche Untertagebohrungenetwa 5.000 Meter Kernbohrungen am Nanoq-Goldvorkommen.
Die Kampagne deckt mehrere Rohstoffe und Standorte ab, darunter Exploration von Gold, Kupfer, Nickel und Seltenen Erden in S眉dgr枚nland sowie neue Lizenzen im Norden. Wichtige Initiativen sind die Erweiterung der Ressourcen der Nalunaq-Goldmine, die Entwicklung von Nanoq hin zu einer ersten Mineralressourcensch盲tzung und die erste Erkundung des neu erworbenen West Greenland Hub, zu dem die ehemalige Black Angel Zink-Blei-Silber-Mine und das Kangerluarsuk-Projekt geh枚ren.
- Comprehensive multi-rig drilling program targeting resource expansion at Nalunaq gold mine
- 5,000 meters of core drilling planned at Nanoq to establish maiden Mineral Resource Estimate
- Expansion into multiple commodities including gold, copper, nickel, and rare earth elements
- Strategic acquisition and assessment of West Greenland Hub with existing infrastructure
- Established 45-person camp at Nanoq for efficient on-site operations
- Significant capital expenditure required for extensive exploration program
- Drilling at Nanoq and other new projects subject to execution risks
- 2026 comprehensive exploration program for West Greenland Hub delayed pending technical and logistical assessments
Reykjavík, July 21, 2025 (GLOBE NEWSWIRE) -- Amaroq Ltd.
(鈥�Amaroq鈥� or the 鈥淐ompany鈥�)
Commencement of 2025 Exploration Campaign
TORONTO, ONTARIO 鈥� 21 July 2025 鈥� Amaroq Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), an independent mine development corporation focused on unlocking Greenland鈥檚 mineral potential, is pleased to announce the commencement of its 2025 exploration campaign.
Highlights
- Comprehensive, multi-rig drilling programme underway at the Nalunaq gold mine, targeting continued resource expansion, with up to 3,500 metres of surface drilling and near-continuous underground drilling planned.
- Major drill mobilisation at Nanoq, the analogous gold prospect east of Nalunaq within the Nanortalik gold belt, with approximately 5,000 metres of core drilling to advance towards a maiden Mineral Resource Estimate.
- Secondary aim of 2025 exploration campaign is to expand understanding across existing and new satellite gold targets within the Nanortalik gold belt.
- Regional copper and nickel exploration programme commencing across South Greenland and into new licences in the north of the country.
- Rare earth elements exploration advancing across the Gardar Igneous Province of South Greenland.
- Initial reconnaissance of the newly acquired West Greenland Hub (Black Angel and Kangerluarsuk licences) has commenced, with further technical and logistical assessments scheduled ahead of a comprehensive exploration programme in 2026.
James Gilbertson, VP Exploration for Amaroq, commented:
鈥淭he launch of our 2025 exploration campaign marks one of the most ambitious and wide-ranging programmes in Amaroq鈥檚 history. With active drilling at our flagship gold assets of Nalunaq and Nanoq, and regional work expanding our understanding of the copper, nickel, and rare earth elements opportunities; this season truly showcases the breadth of Greenland鈥檚 mineral potential. It is incredibly exciting to see rigs and teams deployed from the southern fjords, all the way to our newest projects in the north and across the West Greenland Hub - a reflection of both our growing footprint and the multi-commodity听opportunity听we鈥檙e听pursuing.鈥�
2025 Exploration Programme location, targets and detail
| Project / Region | Programme Type | Details |
| West Greenland Hub | Project Review and Logistical Planning | Assessment of the technical and logistical requirements for both Black Angel and Kangerluarsuk project ahead of a 2026 field programme |
| Nalunaq Gold Project | Underground Drilling | Near-continuous drilling targeting Mountain Block and Target Block resource and confidence growth. |
| 听 | Surface Core Drilling | Up to 3,500 metres planned, focusing on Target Block and South Block Deeps. |
| Nanoq Gold Project | Core Drilling | ~5,000 metres planned across central zone; possible exploratory drilling in western extensions. |
| 听 | Site Infrastructure | 45-person camp established for onsite logging, sampling, and rapid programme adaptation. |
| Regional Copper Exploration | Reconnaissance and Target Definition | Surface sampling and mapping across the South Greenland Copper Belt. |
| 听 | Scout Drilling | Contingent on results; initial drilling at selected high-priority copper targets. |
| Nickel Exploration (Stendalen) | Ground Assessment and Mapping | Geological and structural mapping to refine drill targets for 2026. |
| Regional REE Exploration | Target Assessment | Exploration of confirmed and new rare earth element targets across Gardar Province. |
| Minturn IOCG Project | Licence Application & Reconnaissance Visit | Geochemical sampling and logistical planning ahead of a potential 2026 programme. |
2025 Exploration Overview and Activity Plan
Gold Projects
Nalunaq gold mine
Following the announcement of the fourth Mineral Resource Estimate (MRE4) in April 2025, (including a maiden Indicated Resource and increased total Mineral Resources1), the exploration team has undertaken detailed planning to incorporate these results into both ongoing operations and the 2025 exploration programme.
In consultation with Bara Consulting, Amaroq plans to conduct an integrated programme of underground and surface exploration. Underground drilling will proceed almost continuously, focusing on expanding both the scale and confidence of the resource within the Mountain Block and Target Block areas.
At surface, the Company plans up to 3,500 metres of core drilling across the lower Target Block and the South Block Deeps - an area interpreted as a potential down-dip continuation of the Nalunaq Main Vein; looking to further de-risk the 1.7 million ounce Exploration Target.
Nanoq
The 2024 Nanoq drilling campaign returned encouraging high-grade results. Starting in late July 2025, Amaroq will conduct a comprehensive multi-rig drilling programme in order to evaluate the scale of the resource opportunity and advance towards defining a maiden Mineral Resource.
Equipment has been shipped from Denmark via Nalunaq, with arrival at the Nanoq site expected during the second half of July 2025. The planned programme includes approximately 5,000 metres of core drilling across the central zone, with additional exploratory drilling possible along the western extension. A 45-person camp and supporting facilities will be established near the drill sites, enabling core logging, cutting, and sampling on site. This approach provides flexibility to adapt the drill plan in real time as results are received.
Gold Satellite Projects
Field exploration and geological reconnaissance will be carried out across the Vagar and Anoritooq licences, targeting both historical gold occurrences and new prospects generated by Amaroq in previously unexplored areas. This work will build on structural interpretations from earlier field campaigns and aims to define targets with the potential to supply satellite feed to the Nalunaq Gold Mine.
Gardaq A/S - Strategic Minerals Projects (
Regional Copper Exploration
Advised by Dr. Steve Garwin, the team will advance copper focussed exploration at Ukaleq and additional targets within the Johan Dahl Land licence areas. This work will extend across the broader South Greenland Copper Belt, guided by remote sensing datasets and results from previous exploration campaigns, aiming to delineate epithermal or porphyry style mineralisation.
The programme retains flexibility to undertake scout drilling on one or more targets during 2025, contingent upon positive early results.
Stendalen and Regional Nickel Exploration
Building on 2025 exploration activities and new geophysical interpretations, Amaroq will carry out further ground assessments along with geological and structural mapping. These efforts will refine current models and define robust drill targets for 2026.
The team will also evaluate a series of regional copper-nickel sulphide targets identified across the broader licence portfolio.
Regional Rare Earth Elements (鈥淩EE鈥�) Exploration
Following the award of additional exploration licences focussed on REE mineralisation, Amaroq plans to expand regional exploration across the Gardar Igneous Province. Work will focus on assessing both confirmed and newly identified REE targets, with the aim of establishing the resource potential and scale of opportunity.
Minturn
Amaroq has applied for - and expects approval of - a new licence covering the Minturn IOCG (iron ore, copper, gold) target in Inglefield Land, Northwest Greenland. Upon confirmation, the Company intends to complete a reconnaissance visit to evaluate logistical considerations and collect a comprehensive suite of geochemical samples. These efforts will support detailed targeting and planning for the 2026 exploration season.
West Greenland Hub
Amaroq have commenced a review of the historical data of the Company鈥檚 recently acquired assets in West Greenland: the former producing zinc, lead, silver mine at Black Angel, as well as the proximal Kangerluarsuk zinc/lead project. The aim of the review is to define the resource growth potential and re-development strategy for Black Angel. A reconnaissance visit to assess the condition of the on-site facilities, which include accommodation for a 20+person camp, helicopter hangers, cable car equipment, deep water harbour and mine infrastructure has taken place, with encouraging resource growth potential seen at both the Glacier and Deep Ice zones. Further assessments and planning will continue through the exploration season in preparation for a comprehensive exploration programme in 2026.
Enquiries:
Amaroq Ltd.听听听听听听听听
Eldur Olafsson, Executive Director and CEO 听听听听听听听听
Ed Westropp, Head of BD and Corporate Affairs 听听听听听听听听听听听听听听听听听听听听听听听听
+44 (0)7385 755711
Eddie Wyvill, Corporate Development 听听听听听听听听听听听听听听听听听听听听听听听听
+44 (0)7713 126727
Panmure Liberum Limited (Nominated Adviser and Corporate Broker)
Scott Mathieson
Nikhil Varghese
Freddie Wooding
+44 (0) 20 7886 2500
Canaccord Genuity Limited (Corporate Broker)
James Asensio
Harry Rees
+44 (0) 20 7523 8000
Camarco (Financial PR)
Billy Clegg
Elfie Kent
Fergus Young
+44 (0) 20 3757 4980
Further Information:
About Amaroq
Amaroq鈥檚 principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. The Company鈥檚 principal asset is a
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Inside Information
This announcement does not contain inside information.
1 Technical Report on the Updated Mineral Resource Estimate (MRE4) of the Nalunaq Gold Mine, Greenland, Bara Consulting (UK) Ltd, Effective Date, 12 May 2025.
FAQ
What is the scope of Amaroq's (AMRQF) 2025 exploration campaign?
How many meters of drilling is AMRQF planning at the Nanoq gold project in 2025?
What infrastructure does Amaroq have at the Nanoq project site?
What are Amaroq's plans for the West Greenland Hub in 2025?
What is the status of Amaroq's Nalunaq gold mine exploration?
