Analysts at Liberum recently spotlighted the significant potential of a nickel-copper find by Amaroq Minerals Ltd (TSX-V:AMRQ, AIM:AMRQ) at its Stendalen site in Greenland.
The company announced drilling results last week, confirming high-grade nickel-copper mineralization.
The project drilled a reconnaissance diamond hole into a geophysically identified conductive anomaly within the Stendalen gabbro intrusion.
This yielded 122 meters of 0.08% nickel equivalent starting at 541 meters depth. Notable sections include 11.93 meters of 0.23% nickel equivalent at 595.47 meters, 4.73 meters of 0.22% nickel equivalent at 615.27 meters, and 12 meters of 0.14% nickel equivalent from 628 meters.
The Liberum analysts observed that Amaroq’s findings of lower grade disseminated sulphides are not as crucial as the sulphide tenor at this early stage.
Amaroq is optimistic about uncovering massive sulphides, with the potential for Stendalen to contain 3% to 5% nickel equivalent grades.
They also remarked on the taxitic nature of the gabbro host rock between depths of 540 and 694 meters, characterized by varied grain sizes and textures. Such taxite textures are seen in major nickel deposits like Sudbury, Voisey’s Bay, and Talnakh. Notably, the taxitic layer at Stendalen is near sea level, which could facilitate future access through a shallow surface pool.
The team further emphasized that Stendalen’s mineralization mainly comprises sulphide minerals like pyrrhotite, pentlandite, and chalcopyrite.
The non-magnetic nature of pyrrhotite at this site, similar to Voisey’s Bay, suggests that non-magnetic conductive targets could be promising for sulphide exploration.
