Amaroq (LSE:AMRQ), the mine development company focused on unlocking Greenland's mineral potential, has commenced scout diamond drilling at the Minturn iron-copper-gold prospect in Inglefield Land, Northwest Greenland.
The programme follows surface sampling in 2025 that returned assay grades of up to 69.5% iron and marks the first direct test of the mineralised system at depth.
Minturn sits on what Amaroq believes is Greenland's strongest regional magnetic anomaly, with reprocessed geophysics defining a roughly 9km magnetic target inside an 80km mineralised corridor.
Drilling will assess the depth continuity and geometry of the iron mineralisation and test for copper-gold potential linked to a parallel electromagnetic and geochemical anomaly.
Given the logistical challenges of operating in Northwest Greenland, Amaroq has deferred planned ground geophysical surveys to prioritise direct drill testing.
"Operating in this remote part of Northwest Greenland has presented real mobilisation challenges due to weather and long supply routes", said James Gilbertson, VP Exploration, adding that the scout programme would help design the next phase "with far greater confidence".
Results will be combined with the 2025 surface data and historic airborne geophysics to refine the geological model and plan follow-up drilling.
The Minturn work extends Amaroq's operating footprint beyond South Greenland, where its Nalunaq Gold Mine is based, into a new northern district.
News Intelligence what this means for the company
Amaroq has begun scout diamond drilling at Minturn, a new iron-copper-gold prospect in Northwest Greenland, following 2025 surface sampling that returned grades up to 69.5% iron. The drill programme tests depth continuity of the iron mineralisation and explores copper-gold potential on what Amaroq describes as Greenland's strongest regional magnetic anomaly. This work is funded under Amaroq's subscription agreement with Gardaq A/S, which underwrites exploration at both Ilua and Minturn, extending the company's operating footprint beyond its core Nalunaq gold mine in South Greenland into a new northern district.
Minturn represents early-stage exploration risk and opportunity outside Nalunaq's near-term production ramp. The prospect is externally funded, so near-term capital demands on Amaroq are limited, but results remain highly uncertain at the scout drilling stage and will not materially affect the company's FY2026 production guidance (25–35 koz gold) or near-term cash generation from Nalunaq.
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