2026 Nanoq Drilling Programme Completed and Initial Positive Metallurgical Test Work Results

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Postmedia has not reviewed the content. by GlobeNewswire 2026 Nanoq Drilling Programme Completed and Initial Positive Metallurgical Test Work ResultsAuthor of the article:Reykjavík, Oct. 01, 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 Nanoq Drilling Programme Completed and Initial Positive Metallurgical Test Work Results1 October 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 completion of its 2026 resource drilling programme at the Nanoq Gold Project in South Greenland, alongside successful metallurgical test work results of Nanoq mineralisation, in relation to future processing at the Nalunaq facility. The Company has also commenced development of limited site infrastructure at Nanoq.This advertisement has not loaded yet, but your article continues below.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 again2026 drilling completed: 4,728.9 metres of core drilling across 33 holes, focussed on infill drilling of the Central Zone, to support a planned maiden Mineral Resource Estimate, together with step-out drilling to the south and at the West 1 target.Strong visual indications: Visible gold and copper sulphides, similar to that observed in 2024 and 2025, have been identified with approximately 88% of holes intersecting visible mineralisation. Assay results remain pending.Positive metallurgical test-work: Test work undertaken by SGS Lakefield indicates that Nanoq mineralisation is amenable for processing at the Nalunaq facility. Overall total gold recoveries using the existing flow-sheet of approximately 97–99%.Infrastructure development underway: Construction has commenced on the Nanoq beach landing facility and starter access track, improving access to the mineralised area, supporting potential bulk sampling and future resource drilling.Eldur Ólafsson, CEO of Amaroq, commented:“The completion of this year’s drilling at Nanoq marks another important step in advancing the project towards a maiden Mineral Resource Estimate. We have significantly increased the geological information across the Central Zone, while continuing to test the broader potential of the system to the south and at West 1.This advertisement has not loaded yet, but your article continues below.“The metallurgical results are also very encouraging, demonstrating strong gold recoveries using a flowsheet consistent with that at Nalunaq. This supports our strategy of evaluating Nanoq as a future source of material for processing at Nalunaq. Together with the new infrastructure, these results provide the basis for bulk sampling Nanoq ore at Nalunaq towards the end of 2027 or into 2028 and further resource and exploration drilling, as we continue to de-risk Nanoq’s full development potential.”Assay results from the 2026 drilling programme will be released as they become available. The results will support continued geological modelling and evaluation of the potential for a maiden Mineral Resource Estimate at Nanoq.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.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.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.comThis advertisement has not loaded yet, but your article continues below.Canaccord 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 HarkellRebecca WaterworthCharlie Ramos+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.This announcement does not contain inside information.This advertisement has not loaded yet.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.