2026 resource drilling programme commences at Nanoq gold project

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeGlobeNewswireThis section is The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire 2026 resource drilling programme commences at Nanoq gold projectAuthor of the article: You can save this article by registering for free here. Or sign-in if you have an account.Reykjavík, Aug. 11, 2026 (GLOBE NEWSWIRE) —THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountAmaroq Ltd.(“Amaroq” or the “Company”)2026 resource drilling programme commences at Nanoq gold project11 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.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.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.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again“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.”2026 Nanoq drilling programmeThe 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.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.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.Access and engineering assessmentDuring 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.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.About the Nanoq gold projectNanoq is located in South Greenland, approximately 130km northeast of the Nalunaq gold mine, on the eastern flank of the Nanortalik Gold Belt. The project hosts multiple gold-bearing quartz vein systems within folded volcanic and sedimentary rocks and is being evaluated as a potential future high-grade gold source within Amaroq’s South Greenland portfolio.In 2025, Amaroq completed 4,807m of diamond drilling across 27 holes, testing approximately 600m of strike within the Central Zone. The programme returned shallow high-grade intersections, including 187.4g/t Au over 1.5m and 19.6g/t Au over 4.9m, as well as broader mineralised intervals up to 9.0m. Mapping extended the interpreted Central Zone strike to approximately 1.5km and identified the parallel West 1 Zone approximately 500m to the west.Qualified Person StatementThe technical information presented in this press release has been reviewed and approved by James Gilbertson, CGeol, Vice President Exploration of Amaroq and a Chartered Geologist with the Geological Society of London, who is a Qualified Person as defined by National Instrument 43-101. Mr Gilbertson has reviewed the provisional SGS metallurgical results and considers the information reliable for the purpose of this disclosure, subject to the qualifications described above.Enquiries:Amaroq Ltd. C/OEd Westropp, Chief Corporate Development and Strategy Officer+44 (0)7385 755711ewe@amaroqminerals.comCanaccord Genuity Limited (Corporate Broker)James AsensioRory BlundellHarry Rees+44 (0) 20 7523 8000Citigroup Global Markets Limited (Corporate Broker)Andrew Miller-JonesDavid Herring+44 (0) 207 986 3463Panmure Liberum Limited (Corporate Broker)Scott MathiesonPiers Shimwell+44 (0) 20 7886 2500Camarco (Financial PR)Elfie KentFergus Young +44 (0) 20 3757 4980About Amaroq Amaroq’s focus is the identification, acquisition, exploration and development of gold and strategic metals in Greenland. The Company’s principal asset is the 100% owned and operated, producing Nalunaq Gold Mine.Amaroq’s significant exploration portfolio includes opportunities in gold, copper, nickel and rare earth elements across South Greenland, as well as zinc, lead, silver, germanium and gallium at its West Greenland Hub centred on the past-producing zinc-lead-silver mine at Maarmorilik and the nearby Kangerluarsuk exploration licence, and the Minturn iron oxide copper gold prospect in northwest Greenland. The Company’s strategy is to unlock Greenland’s resource potential through continued exploration and development while building a responsible, full-cycle mining company, including through its Suliaq subsidiary, which provides mining services and logistics capabilities for Greenland’s developing mining sector, and Imeq ApS, Greenland’s first private hydroelectric project.The Company is listed on the LSE Main Market and Nasdaq Iceland Main Market under the ticker AMRQ, and on OTCQX under AMRQF.The announcement does not contain inside information.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.