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Reykjavík, Aug. 11, 2026 (GLOBE NEWSWIRE) —
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Amaroq Ltd.
(“Amaroq” or the “Company”)
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2026 resource drilling programme commences at Nanoq gold project
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11 August 2026 – Amaroq Ltd. (LSE and NASDAQ Iceland: AMRQ, OTCQX: AMRQF), an independent mine development company focused on unlocking Greenland’s mineral potential, is pleased to announce the commencement of its 2026 resource drilling programme at the Nanoq gold project in South Greenland.
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Highlights
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- Three Amaroq-owned drill rigs are commencing work at Nanoq, initially focused on the Central Zone where previous drill results included 187.4g/t Au over 1.5m and 19.6g/t Au over 4.9m, to supplement the 2025 drilling dataset and further test the continuity, geometry and grade distribution of the mineralised system;
- Drilling is then expected to step out along strike and test other structures, including the West 1 Zone, located approximately 500m west of the Central Zone where surface results have provided up to 9.5g/t Au on what is believed to be a similar sized parallel structure;
- The programme is targeting activity broadly comparable in scale to the 4,807m completed in 2025, while retaining flexibility for field conditions and operational progress. The combined data is intended to support the evaluation of a potential maiden Mineral Resource Estimate later in 2026, subject to results;
- Provisional metallurgical testwork is being conducted by SGS Lakefield in Canada, to test amenability of Nanoq mineralised material for processing, using the gravity and flotation flowsheet operating at the Nalunaq gold mine. If successful, this could indicate the viability of undertaking near-term bulk sampling of Nanoq, through Nalunaq facilities.
- Alongside drilling, Amaroq plans to assess engineering works that could potentially begin during 2026, to enable earlier and more cost-effective site access from 2027 onwards, including potentially a harbour and an access road from the coast to the drill sites.
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James Gilbertson, VP Exploration, commented:
“We are very excited to kick off the 2026 drilling programme at Nanoq, which we believe will be our next gold project in Greenland. The 2025 programme established the first significant drilling dataset and geological framework and this year’s work is deliberately focused on increasing data density and testing continuity within the Central Zone, before stepping out along strike and into parallel targets, including West 1. If successful, the combined dataset should enable us to produce a maiden Mineral Resource later this year; a key step in establishing economic viability.
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“Provisional SGS metallurgical recovery testwork is being conducted to understand the potential for Nanoq material to be treated through the Nalunaq processing plant, which would offer the opportunity to conduct near term bulk sampling and trial processing. We look forward to announcing the results from the testwork in due course.”
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2026 Nanoq drilling programme
The 2026 programme will commence with three Amaroq-owned rigs focused on the Central Zone. Initial drilling is intended to supplement the 2025 dataset by increasing drill density and testing the continuity of the shallow, stacked mineralised zones. The rigs are then expected to progress to step-out targets along strike and to parallel structures, including West 1, where 2025 surface sampling returned values of up to 9.5g/t Au.
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Amaroq is targeting a programme broadly comparable in scale to the 2025 campaign, when 4,807m of diamond drilling was completed across 27 holes. Exact meterage will be managed flexibly in response to field conditions, drilling progress and geological results. Subject to the results and the continuity demonstrated, the 2025 and 2026 datasets are intended to provide the technical basis to evaluate a maiden Mineral Resource Estimate later in 2026.
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The start of drilling is approximately one month later than initially anticipated due to delays in the procurement of certain materials and more severe weather conditions than expected earlier in the year. The Company will continue to manage the programme dynamically to prioritise the highest-value resource and step-out targets. In parallel, the access and engineering assessment will help identify practical works that could improve mobilisation, reduce costs and support a larger programme in 2027 and beyond.
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Access and engineering assessment
During the 2026 field season, Amaroq also intends to assess the scope, constructability and sequencing of infrastructure works that could potentially commence this year to support earlier and more cost-effective access in 2027 and beyond. The assessment will include a potential harbour or coastal landing and an access road linking the coast with the principal drilling areas.
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