Amaroq Minerals Ltd. has achieved a significant milestone with the successful initiation of the first underground mining blast at Nalunaq in Southern Greenland. The blast, conducted at the 720m level as part of trial mining activities, marks a crucial step towards the full commissioning of the Nalunaq mine. This achievement is expected to unlock the mine's potential to fund exploration and drive growth across the company's portfolio in South Greenland.
Eldur Olafsson, CEO of Amaroq Minerals, commended the team for reaching this milestone, stating, "Work at Nalunaq is progressing to schedule, with rehabilitation works now complete as we prepare to commence trial mining between 100 and 150tpd from Mountain Block."
Amaroq Minerals' principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in Greenland. The company's principal asset is a 100% interest in the Nalunaq Project, an advanced exploration stage property with an exploitation license, including the previously operating Nalunaq gold mine. The corporation has a portfolio of gold and strategic metal assets in Southern Greenland, covering the two known gold belts in the region.
The company's progress at Nalunaq is a significant development in its efforts to capitalize on the potential of the Nalunaq mine and drive growth across its portfolio in South Greenland. This achievement underscores Amaroq Minerals' commitment to advancing its mining activities and leveraging its strategic mineral assets in the region.