Amaroq Minerals Ltd. has announced the preliminary results from its 2023 exploration program on the Sava copper project, revealing the existence of a new 120km long copper district in South Greenland. The company's VP Exploration, James Gilbertson, expressed excitement about the findings, stating that the results indicate the presence of a significant copper mineral system at Target West, with skarn mineralization at Kobberminebugt and porphyry-style mineralization at Sava. The company has identified 36 targets across the emerging copper belt, likely associated with magma chambers formed around 1.8 billion years ago.
The Sava project, located in the developing South Greenland copper belt, has shown promising results, with the completion of four drill holes for 2200m across two targets. The project is centered on an emerging copper district straddling 120km across South Greenland, making this a significant new mineral belt. Amaroq has identified 36 targets across the emerging copper belt, likely associated with a series of magma chambers formed during a geological event around 1.8 billion years ago.
The company's Target West is the first to progress to advanced exploration, with three holes completed, each intersecting copper molybdenum mineralization in the same Unit 1 of up to 345m, including higher grade zones of up to 18m at 0.31% CuEq. Amaroq believes that Target West is a copper porphyry-style orebody, similar to those in the South American Andes, where operations commonly mine at grades of between 0.2-1% Cu. Additionally, the company is reviewing data from the scout drillhole into a 2km long potential epithermal system at Target North.
The Sava project, acquired by Amaroq in early 2021, is located alongside the significant Ilimaussaq complex, which hosts the Kvanefjeld and Tanbreez deposits, collectively holding an estimated 1.5% of global Rare Earths Element (REE) resources. The company's innovative exploration strategy has opened up this new copper district, with initial assessment suggesting potential for iron oxide copper-gold (IOCG) and porphyry-style mineralization. The company has conducted significant mineral system modeling, demonstrating geodynamic association between the Sava and Gardar areas and the Voisey's Bay province in Canada, which host significant magmatic sulphide and REE deposits.
Amaroq's 2023 exploration program included surface drilling, geological mapping, and channel sampling across two targets, aiming to develop an emerging copper molybdenum porphyry-style project at Target West. The company's mineral system modeling supports the belief that the Sava project sits within a newly identified copper belt, striking approximately 200km along a major deep-seated structure running from the Company's Kobberminebugt license and eastward to the North Sava license.