Successful 2025 Nalunaq gold mine drilling programme - 1,840 g/t of gold over 0.5m in Mountain Block derisks near-term production and expansion of the Main Vein at depth
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The December 4, 2025, news release announces the results from the successful 2025 drilling program at the Nalunaq gold mine in Greenland. The company completed 39 diamond drill holes totaling 6,293.4 meters. The drilling campaign included both underground resource conversion drilling and surface drilling aimed at expanding the resource.
Key highlights include several high-grade gold intercepts, most notably 1,840 g/t Au over 0.5m and 696 g/t Au over 0.6m. The drilling has also confirmed the extension of the Main Vein structure for approximately 700 meters down-dip from the current resource. The company states these results de-risk near-term production and provide confidence for sustained mining activities. The results will be incorporated into an updated Mineral Resource Estimate (MRE) scheduled for Q1 2026.
This news is materially positive. While Nalunaq is known for its high-grade, "nuggety" nature, these drill results exceed expectations and provide critical validation of the geological model as the company ramps up production.
- Confirmation of Bonanza Grades: The headline intercept of 1,840 g/t Au over 0.5m is exceptional. While narrow, such grades are characteristic of this type of deposit and have the potential to significantly impact the economics of mining blocks. Numerous other high-grade intercepts (e.g., 696 g/t, 98.2 g/t, 92.9 g/t) across different drill holes demonstrate the widespread presence of high-grade mineralization.
- De-risking Near-Term Production: A portion of the drilling was conducted from underground to convert existing Inferred resources to higher-confidence Indicated resources in areas targeted for near-term mining. Successfully hitting high-grade gold in these areas provides greater certainty for the initial years of the mine plan.
- Significant Resource Expansion Potential: The confirmation of the Main Vein extending 700 meters down-dip is the most significant long-term takeaway. This substantially increases the potential scale of the Nalunaq deposit beyond the current resource envelope defined in the March 2025 MRE (157.6koz Indicated, 326.3koz Inferred). This sets the stage for a potentially significant resource increase in the forthcoming Q1 2026 MRE update.
Historically, the company has consistently delivered on its exploration and development plans for Nalunaq. The March 2025 MRE showed a 51% increase in gold, and operational updates throughout 2025 have tracked the commissioning of the mine. This news release continues that positive trend, demonstrating the exploration team's ability to successfully target and expand high-grade zones. The results directly support the company's valuation and its strategy of using Nalunaq as a cornerstone asset.
Amaroq Ltd. is a mining company focused on the identification, acquisition, exploration, and development of mineral properties in Greenland.
The company's flagship asset is the 100%-owned Nalunaq Gold Mine, a past-producing, high-grade, narrow-vein underground mine. Amaroq has been refurbishing the mine and constructing a new processing plant, achieving its first gold pour in November 2024. The project is currently in the commissioning and production ramp-up phase.
Beyond Nalunaq, Amaroq holds a large and diverse portfolio of exploration assets throughout Greenland, targeting gold as well as strategic minerals like copper, nickel, zinc, lead, and Rare Earth Elements. Many of the strategic mineral assets are held within the Gardaq A/S joint venture (51% Amaroq).