Amaroq Minerals Ltd. has announced the successful results of its recent sampling campaign at the Eagle’s Nest target, located within the Anoritooq licence area in Greenland. The site is part of the Nanortalik gold belt, situated just 31 km from the Nalunaq gold mine. These results confirm the presence of two distinct gold quartz veins, supporting Amaroq’s strategy to develop satellite targets that will contribute to the operations at its newly commissioned Nalunaq processing facility.
Key findings:
- Gold grades of up to 54.5 g/t gold were identified in the quartz veins.
- Two parallel subvertical gold veins were discovered, with a collective width between 10 to 15 meters, extending to a depth of 105 meters.
- These newly identified veins are believed to be the source of several previously discovered float samples, each with gold concentrations greater than 10 g/t.
- Early geochemical analysis suggests that the mineralization at Eagle’s Nest mirrors the style found at Nalunaq.
Eagle’s Nest is one of nine satellite targets identified within the Nanortalik gold belt, all of which are located near the Nalunaq gold mine.
James Gilbertson, Amaroq’s vice-president of exploration, commented, “These promising results from Eagle’s Nest strongly validate our exploration strategy in the Nanortalik gold belt. The discovery of high-grade gold veins, along with the geological similarities to Nalunaq, makes Eagle’s Nest a key target in our portfolio. We are now using these insights to fine-tune our resource development strategy, which will support the growth of our operations in southern Greenland.”
Exploration campaign details:
The campaign involved a multi-day operation, with specialized mountaineering teams accessing the southern face of Eagle’s Nest via helicopter. The main goal was to test the theory that the observed veins contain gold-bearing orogenic quartz, which could be the source of the high-grade float samples previously found in the valley. These results have now substantiated the hypothesis.
The sampling included both vein quartz and granitoid rocks, consistent with regional geological mapping. Notable findings include the identification of two subvertical gold veins, with visible geological features that point to a dynamic mineralizing system hosted in granodiorite and granite rocks.
Amaroq plans to integrate these findings into its broader 2025 exploration strategy, which will include additional efforts to delineate the gold veins further. The company may employ advanced exploration techniques, such as hyperspectral imaging and geophysical surveys, to refine its exploration models and enhance resource definition.
Eagle’s Nest as a strategic asset:
Eagle’s Nest is one of several high-priority satellite targets near the Nalunaq gold mine. Other targets in the area, such as the previously drilled Vagar Ridge, have demonstrated surface gold grades up to 2,533 g/t. These targets, along with other reconnaissance sites, suggest the potential for significant orogenic gold deposits in the region.
By leveraging the central infrastructure at Nalunaq, Amaroq aims to optimize the resource utilization and enhance regional production capacity. The proximity of Eagle’s Nest to Nalunaq, just 30 km away, further strengthens its strategic value.
Earlier reconnaissance exploration in the area by Amaroq and other parties had already uncovered high-grade boulders and float rocks with gold concentrations of up to 34 g/t. This indicates the presence of a significant mineralized system within the local catchment area, highlighting the untapped potential of southern Greenland.
Amaroq’s long-term focus on southern Greenland:
Amaroq Minerals is focused on identifying, acquiring, exploring, and developing gold and strategic metal properties in southern Greenland. The company’s flagship asset is a 100% interest in the Nalunaq gold mine.
Amaroq also holds a portfolio of gold and strategic metal assets in southern Greenland, covering the two main gold belts in the region. The company is advancing its exploration projects at Stendalen and the Sava copper belt, targeting copper, nickel, rare earths, and other strategic metals.
Amaroq Minerals continues its operations under the Business Corporations Act (Ontario) and wholly owns Nalunaq AS, incorporated under the Greenland Companies Act.
