Amaroq Minerals Ltd (TSX-V:AMRQ, AIM:AMRQ) has reported numerous indications of gold from a high-resolution heliborne geophysical survey across the Nanoq, Siku and Jokum's Shear gold projects in Greenland.
In addition, the survey highlighted a large prospective zone to the immediate west of Nanoq, which exhibits similar controlling structures, opening up further target areas.
Favourable structures were also seen across Jokum's Shear, defining an area of 1 x 2 kilometres (km) for further exploration, Amaroq said, adding it believes a 25 km prospective gold corridor exists between the two projects, transecting the Siku licence.
Amaroq noted that the highest grade intersections/samples received at Nanoq correspond to observed trap sites at the confluence between E-W and SW-NE structures in the new data, providing further confidence these sites have the most potential.
In a statement, James Gilbertson, Amaroq’s VP Exploration, said: "Nanoq represents yet another positive target identified across the prospective Nanortalik Gold Belt, with potential for near-term resource development.
“Importantly, these results do not just provide a geological rationale for the high-grade intersections we already hold at the project, but also identify further gold targets, expanding Nanoq's potential.”
Eldur Olafsson, Amaroq's chief executive, added: "The work undertaken across Nanoq and our other advanced gold exploration projects will help us to grow our underlying resource base as we advance towards production at Nalunaq."