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Nalunaq 2022 Exploration Update

Amaroq Minerals reported results from its 2022 exploration program at the Nalunaq gold deposit in southern Greenland. Aiming to infill the existing resource in the Valley Block as well as to test an up-dip extension, the company drilled 46 diamond holes for a total of 9119m. 42 out of the 46 drill holes intersected the main vein, with intersections as high as 116g/t Au over 0.62m. Additional surface channel samples from the Mountain Block target, above the highest historic underground developments, returned high grades up to 1.05m @ 98.6g/t Au, confirming the grade continuity in this part of the Mountain Block. For 2023, the company plans to take bulk samples to upgrade the confidence in the mineral resource, drill test the high-grade Mountain Block, and potentially explore the newly defined Welcome Block area.

 

Nalunaq overview with past and 2022 collar positions (Source: www.amaroqminerals.com)