Amaroq Minerals Ltd. has announced a significant new nickel-copper (Ni-Cu) discovery at its Stendalen Project, located 60km from Nalunaq in Southern Greenland. The initial scout drillhole at Stendalen intersected over 140m of disseminated magmatic sulphides containing nickel, copper, and cobalt. The geophysical results provide evidence of the location of the feeder zone to the deposit, and the corporation plans to focus on this area for the 2024 drilling program.

The discovery is considered to be of high significance, with the potential to host grades similar to analogous deposits, with massive sulphide potentially holding grades of up to 3-5% nickel equivalent. The metals are hosted solely in sulphides, indicating strong future metal recoveries. The corporation believes that Stendalen may host multiple large orebodies, further illustrating the opportunities across South Greenland.

Eldur Olafsson, CEO of Amaroq, expressed confidence in the discovery, stating that it justifies further exploration and plans a significant upscale in activities with at least three drill rigs and a dedicated ground geophysical team planned for 2024. James Gilbertson, VP Exploration of Amaroq, emphasized the success of the program, stating that it greatly increases the potential for discovering further strategic metal deposits across other identified targets in Amaroq's portfolio and proves the mineral potential of South Greenland.

The 2023 program included an airborne MobileMT survey targeting conductive Ni-Cu sulphide mineralization at or below the surface. Following positive initial results from the geophysics, a single 1061m diamond drillhole was drilled, targeting a conductive anomaly. The hole intersected the layered gabbro series from surface down to a depth of 694m, where it continued through the metasedimentary basement until the end of the hole at 1061m (495m below sea level).

The discovery of strategic metals such as copper and nickel in a region with a strong geopolitical position is seen as a significant opportunity, and the corporation plans to deploy a larger proportion of the Company's Gardaq JV fully funded 3-year exploration program to this project during 2024 and beyond. This discovery marks the start of the road for Stendalen, with further geophysics and drilling campaigns to come, indicating the potential for further strategic metal deposits across South Greenland.