Amaroq Minerals Ltd., an independent mine development company with gold and strategic mineral assets in South Greenland, has announced the expansion of its mineral license holding. The company has been granted two new mineral exploration licenses by the Government of Greenland, increasing its total land package to 9,785.56 km2. This makes Amaroq the largest license holder in Greenland. The newly awarded licenses will focus on extensions of Amaroq Minerals' existing strategic mineral exploration licenses and will cover the majority of the strike of the emerging South Greenland copper/Iron Oxide Copper Gold (IOCG) belt. CEO Eldur Olafsson commented, "This development is fully aligned to our strategy of securing exploration rights across South Greenland's gold and critical mineral belts, complementing our existing portfolio."
The two new licenses are Nunarsuit and Paatusoq West. Nunarsuit connects the copper prospectivity seen at the Sava license to the historical Josva copper mine in the Kobbermineburgt license. It also incorporates the Nunarsuit intrusion, an unexplored Rare Earth Elements (REE) district within the Gardar Province. Paatusoq West covers the western extension of the Paatusaq Gardar intrusion, which is prospective for REE and other critical metals. These licenses cover the majority of the newly defined South Greenland copper tract, which has the potential to host world-class copper and strategic mineral deposits. Amaroq will continue its exploration activities across these licenses and the full license portfolio under its joint venture with GCAM.