Amaroq Minerals Ltd. has provided an update on its ongoing copper exploration activities in South Greenland. The company has confirmed the presence of a copper porphyry system at Target West, supporting the mineral potential of the South Greenland Copper Belt. Additionally, 24 high-potential copper targets have been identified ahead of the 2024 field season. The South Greenland Copper Belt spans approximately 150km, from the Josva mine in the West to multiple porphyry targets in the Johan Dahl Land zone in the East.
Expert review of the 2022 and 2023 results from Target West has confirmed the project as a copper-molybdenum porphyry/intrusion related body, strengthening the copper potential of the underexplored mineral belt. The interpretation suggests greater preservation potential in the East, with up to 17 significant new targets defined within the Johan Dahl Land area. Furthermore, a data review of the 2023 Kobberminebugt geophysics has highlighted potential for further high-grade copper mineralization at depth and across two newly defined targets.
Amaroq is finalizing detailed plans for its 2024 exploration program, which will focus on the discovery and development of copper resources. The company's operational readiness ensures availability of logistical and consumable requirements for follow-up assessments later this year. The combination of the company's Mineral System modeling and the review of registered and undocumented copper occurrences has defined an emerging South Greenland Copper Belt.
The research has indicated the geodynamic association of the belt to the Ketilidian aged subduction beneath the nearby Archean craton margin, as well as the structural association with the rare earth element hosting Gardaq Province along the regionally important Gardar-Voisey's Bay fault zone. Amaroq has made new copper, molybdenum, and gold discoveries along the belt, including the Target West copper-molybdenum porphyry system. The level of erosion decreases towards the east, indicating increasing ore deposit preservation potential.
Amaroq completed 2,200m of scout drilling into Target West, intersecting up to 345m of low-grade porphyry style mineralization within a body termed Unit 1. The Unit 1 has been interpreted as an early stage fine-grained monzonite intrusion that is potassic altered and cut by sinuous, relatively high-temperature quartz veins containing minor amounts of pyrite, chalcopyrite, and molybdenite. Further review of the data alongside leading independent copper industry expert Steve Garwin suggests that Target West exists as an ancient porphyry or intrusion related system.