Amaroq Minerals Ltd, an independent mine development corporation with a substan-tial land package of gold and strategic mineral assets across in Southern Greenland, has announced a significant new nickel-copper discovery at its Stendalen project.
- Over 140 m of disseminated magmatic sulfides containing nickel, copper, and cobalt intersected in the first scout drillhole at Stendalen.
- Sulfides so far intersected are lower grade and disseminated in style and Amaroq will use these results to target the more concentrated massive sulfides expected to be within the deposit.
Geophysical results provide evidence of the location of the feeder zone to the deposit and will be the focus for the 2024 drilling programme. - The critical aspects of these results, such as sulphide tenors, textures, scale and minerology, are considered similar to globally important nickel-copper deposits.
- Calculation of the tenor of the sulfides, based upon the assays received, implies that, due to relative metal content, Stendalen holds the ability to host grades similar to analogous deposits, therefore if intersected, massive sulfide could hold grades of up to 3 – 5% nickel equivalent.
- Metals are hosted solely in sulfides, therefore Amaroq anticipates strong future metal recoveries.
The 2023 drillhole was the first hole into a body that is roughly 6 km in diameter; it is therefore possible that Stendalen hosts multiple large orebodies. - This mineral discovery further illustrates the opportunities across South Greenland.
- The company believes these results justify further exploration and plans a significant upscale in activities with at least three drill rigs and a dedicated ground geophysical team planned for 2024.
- Eldur Olafsson, CEO of Amaroq, commented: “A new mineral discovery such as that seen at Stendalen is the culmination of many years of hard work by the Amaroq geological team, and is testament to our belief that South Greenland holds exceptional opportunities to host world class deposits. The discovery of strategic metals such as copper and nickel, critical for the energy transition, in a region with such a strong geopolitical position, cannot be overstated. These initial results give us the confidence to deploy a larger proportion of the company’s Gardaq JV fully funded three-year exploration programme to this project during 2024 and beyond.”
James Gilbertson, VP Exploration of Amaroq, added: “Our geological team made a number of breakthrough predictions following our detailed geological modelling of South Greenland and I’m exceptionally grateful to the Boards of both Amaroq and our JV partners in having the confidence to allow us to test our hypothesis. This scout programme exceeded all of our expectations. Although the current intersection is disseminated lower grade, the features of the rocks indicate that the magma was dynamic, these Taxite textures are fundamental characteristic of the world’s largest high-grade nickel-copper deposits, including Talnakh (Noril’sk), Sudbury and Voisey’s Bay. Further, the sulfide tenors recorded suggest high grades within the system which are the key objectives for our 2024 exploration.
“This is the start of the road for Stendalen, with further geophysics and drilling campaigns to come. The success of this programme greatly increases the potential for discovering further strategic metal deposits across other identified targets in Amaroq’s portfolio and proves, without doubt, the mineral potential of South Greenland.”
