7th Aug 2026 11:45
(Alliance News) - Amaroq Ltd on Friday announced the start of scout drilling at the "high-impact" Minturn iron-copper-gold prospect in Inglefield Land in northwest Greenland.
The Greenland-focused mine developer said the scout drilling programme is starting to provide the first direct test of the Minturn mineralised system at depth.
The company said Minturn is centred on what Amaroq believes to be Greenland's "strongest" regional magnetic anomaly.
Amaroq said the programme represents an "important step" in the company's expansion into north Greenland, and in building the operating knowledge required to unlock the potential of large-scale mineral systems across Greenland.
James Gilbertson, vice president Exploration, said: "Minturn is an exceptional and previously untested target, centred on what we believe to be Greenland's strongest regional magnetic anomaly. At surface, we have already identified high-grade iron mineralisation across a substantial trend, alongside geophysical and geochemical evidence, that supports potential for copper and gold within a broader iron oxide copper gold-style system.
"Operating in this remote part of Northwest Greenland has presented real mobilisation challenges due to weather and long supply routes. We have responded by focussing the programme on drilling, which will provide us with the greatest potential to advance our understanding of this potentially large play. The scout programme will give critical and potentially value enhancing information on the sub-surface and help us design the next phase with far greater confidence."
Amaroq shares rose 0.5% to 106.00 pence each on Friday morning in London.
By Tom Budszus, Alliance News slot editor
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