'Our 2024 field program will leverage the knowledge developed so far on Target West and direct exploration efforts on these new high-potential targets.'
Overview
The South Greenland Copper Belt is defined by numerous copper showings and historical small scale operations running 150km, from the Josva mine in the West, to multiple porphyry targets in the Johan Dahl Land zone in the East
Expert review of the 2022 and 2023 results from Target West have confirmed the project as a copper-molybdenum porphyry / intrusion related body, significantly strengthening the copper potential of this underexplored mineral belt
Interpretation suggests greater preservation potential in the East with up to 17 significant new targets defined within the Johan Dahl Land area
A data review of the 2023 Kobberminebugt geophysics has highlighted potential for further high-grade copper mineralisation at depth and across two newly defined targets
Target generation studies coupled with the potential highlighted by Amaroq's discovery at Stendalen highlights a further 5 copper-nickel sulphide targets within the same mineral belt
The Company is now finalising the detailed plans for its 2024 exploration programme which will concentrate on the discovery and development of copper resources
Amaroq's operational readiness ensures availability of logistical and consumable requirements, should follow-up assessments be required later this year
South Greenland Copper Belt
The combination of the Company's Mineral System modelling and the review of registered and undocumented copper occurrences has defined an emerging South Greenland Copper Belt, stretching from the past-producing Josva copper mine in the west 150km to numerous potential porphyry systems in the Johan Dahl Land area in the east.
This ground had previously been mapped and recorded as un-prospective granites, however Amaroq's research has indicated this to be a misinterpretation and highlighted the geodynamic association of the belt to the Ketilidian aged subduction beneath the nearby Archean craton margin as well as the structural association with the rare earth element hosting
In commencing this research, Amaroq has made a number of new copper, molybdenum and gold discoveries along the belt including the Target West copper-molybdenum porphyry system, which underwent successful scout drilling in 2022 and 2023. Copper occurrences range from high grade vein hosted mesothermal or skarn style bodies such as that historically mined at Josva in the Kobberminebugt area, through large lower grade copper (+/- molybdenum and gold) porphyry systems as identified at Target West with indication of further bodies in the Johan Dahl land area. In addition, potential epithermal copper/gold sites have been identified, such as Target North.
Research from the 2023 exploration results suggests that the level of erosion decreases towards the east and therefore increasing ore deposit preservation potential.
Review of the Target West Porphyry System
As reported in the press release of
This Unit 1 has subsequently been interpreted as an early stage fine-grained monzonite intrusion that is potassic (K-feldspar+biotite) altered and cut by sinuous, relatively high temperature, quartz veins that contain minor amounts of pyrite, chalcopyrite and molybdenite (less commonly bornite). Magnetite does occur with the quartz-sulfide veins locally but overall the body of fine-grained monzonite coincides with a reduced-to-the-pole magnetic low.
Further review of these data alongside of leading independent copper industry expert
Kobberminebugt Geophysical Results
The Kobberminebugt licence covers a coastal area in South-
Narrow vein hosted high grade copper mineralisation was exploited at the Josva mine area, which was operated by Gronlands Minedrift Aktieselskab between 1853-1855 and 1905-1914. It is estimated that 91 metric tons of copper as well as small amounts of gold (16oz) and silver (1,600oz) were extracted from 2200 tons of ore that was smelted on the site.
During 2023, a helicopter-borne MobileMT electromagnetic and magnetic survey was conducted across the entire licence area aimed at delineating the known mineralisation at Josva and other historically mined areas and assessing the strike and dip extensions of these. In parallel the signature from these bodies could be used to define further targets within the immediate licence area. The subsequent data has also undergone inversion to allow for three dimensional interpretation.
From these data, and specifically the magnetic inversions, Amaroq has interpreted a small strike but greater dip extension to the high-grade hosting shear zone at the Josva mine. This provides additional copper hosting potential at depth and particularly in areas where the host shear zone appears to bend and widen.
In addition to this, the association between mineralisation and magnetite seen at Josva has allowed the Company to define a further two prospective targets at the Sanerut island area and particularly at Kiinalik where granitoid rock near a skarn horizon of the Ilordleq group may host hydrothermal skarn type mineralisation, and displays anomalous Au and lesser Cu stream sediment anomalies.
Nunarsuit Geophysical Results
The 2023 helicopter-borne geophysics (magnetics, radiometric and gravity) flown over the western areas and specifically the Gardar age rock of the Nunarsuit licence have been received. Initial review and interpretation from these data have provided significant insights into the structure and composition of the Gardar intrusions that hold potential to host critical metal and rare earth metals. Of particular interest is the identification of new, previously unrecognised, intrusions and dykes as well as the southern extension of the Isortoq Dyke which 15km to the north hosts VTi Resources Isortoq vanadium-titanium deposit (70.3 million tonnes containing 10.9% TiO2, 0.15% V2O5 and 43.4% FeO1).
The identification and mapping of the structure of these Gardar intrusions is a critical step towards understanding their and defining their metal hosting potential.
Target Generation Across the Mineral Belt
Following the assessment of the Target West data in conjunction with
The results of this programme are that, in addition to the two modelled mesothermal/shear hosted targets defined in the Kobberminebugt Target, a further 17 copper exploration targets have been defined across the North Sava and
Further, and leaning on insights taken from the Stendalen copper-nickel discovery reported
2024 Exploration Aims and Objectives
Amaroq is now finalising its 2024 field plans and objectives for the licence within the
Amaroq has further ensured availability for logistical and consumable requirements needed for any scout drilling this Summer should any of these targets assessed warrant immediate follow up assessment.
Contact:
Eldur Olafsson
Executive Director and CEO
Email: eo@amaroqminerals.com
Tel: +44 (0)7713 126727
Email: ew@amaroqminerals.com
Simon Mensley
Tel: +44 (0) 20 7710 7600
Tel: +44 (0) 20 7886 2500
Tel: +44 (0) 20 3757 4980
About
Forward-Looking Information
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