1st Sep 2022 19:25
Amaroq Minerals Ltd - Greenland-focused gold mining company - During regional exploration programme, discovers visible gold in a quartz boulder within the Eagle's Nest target in Southern Greenland, which assayed a grade of 10.4 grams per tonne. Results provide strong evidence of further mineralised bodies across the Nanortalkik gold belt mineral assets.
Meanwhile, exploration of the Saqqaa dyke system confirms anomalous platinum group metal grades, with an eastward extension 3.0 kilometres along strike from the sampled outcrop, implying the presence of an ultramafic dyke system.
"We continue to analyse our portfolio of mineral licences in Southern Greenland closely, prioritising activities aimed at making new gold and strategic mineral discoveries within an evolving geological district, and maximising potential for geographical synergies with our existing portfolio. This project generation cycle is now bearing fruit, leading to exciting new discoveries that will rapidly become tomorrow's mineral development projects," says Chief Executive Officer Eldur Olafsson.
Current stock price: 38.00 pence
12-month change: down 8.4%
By Dayo Laniyan; [email protected]
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