Successful 2025 Nalunaq gold mine drilling programme – 1,840 g/t of gold over 0.5m in Mountain Block derisks near-term production and expansion of the Main Vein at depth
Amaroq Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ, OTCQX: AMRQF) has reported strong results from its 2025 drilling campaign at the Nalunaq gold mine, including a standout intersection of 1,840 g/t gold over 0.5m in the Mountain Block. The result confirms grades higher than previously modelled and reduces risk around near-term production planning.
Drilling also demonstrated that the Main Vein structure continues roughly 700m down-dip, pointing to meaningful longer-term growth potential beyond the current exploration target.
All results from the 2025 campaign will now feed into an updated geological model ahead of a Mineral Resource Estimate revision scheduled for Q1 2026, with the company aiming to upgrade resource classifications.
James Gilbertson, VP Exploration of Amaroq, commented:
“I am very pleased to announce the 2025 exploration results at Nalunaq, which as well as confirming additional high-grade intersections, continue to strengthen our understanding of the depositб derisking near-term production and providing the geological confidence required to continue sustained mining activities. The confirmation of the Main Vein extension down-dip is also a key step in refining our exploration model and highlights the potential for further expansion beyond the areas drilled to date.
“These results further validate Amaroq’s strategy to target gold expansion within our portfolio and reinforce our belief in the long-term resource growth potential at Nalunaq. Our 2025 exploration campaign included targets across the identified southern Greenland gold belt which also contains the Nanoq project, on which we will be reporting results before the end of the year.”
Highlights from the successful 2025 exploration programme
Core Drilling
- 2,127m of underground resource conversion drilling successfully completed within Nalunaq, including significant intersections of gold up to 1,840 g/t Au over 0.5 m2.
- 62% of this drilling intersected mineralised Main Vein with a weighted average grade of 87.6g/t Au, verifying higher grades than the resource model predicted
- These results considerably derisk near term production and provides additional confidence in the high-grade nature of the Mountain Block – the site of current Nalunaq mining operations.
- 4,166.5m of surface drilling has discovered that the Main Vein structure extends approximately 700m down-dip of previously mined areas, into the targeted South Deeps area.
- Although grades from the initial four holes are lower than in Mountain Block, the newly confirmed Main Vein down-dip extension represents significant additional future upside potential, beyond the Company’s previously reported Exploration Target3.
- All 2025 drilling results will be incorporated into an updated geological model ahead of the planned Mineral Resource Estimate update (“MRE5”) in Q1 2026, which will allow for resource conversion from the Inferred to Indicated categories where relevant.
Ongoing exploration activities
- Underground exploration of the development levels into the western areas is continuing, evaluating potential further extensions of the Mountain Block mineral corridor.
- Surface drilling programme expanded to follow up on the Main Vein down-dip extension and to connect this area back toward the existing Mineral Resource.
The accompanying presentation on the Nalunaq 2025 exploration results, as well as the PDF version of this release, are available on our website at the link below: https://www.amaroqminerals.com/investors/presentations/
