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Mining & Metals Oil & Gas Amaroq

Amaroq starts 2026 drilling at Nanoq gold project

Amaroq has begun its 2026 resource drilling programme at the Nanoq gold project in South Greenland, targeting a maiden resource estimate later this year.

by tickstock newsroom
The image features a grid of dark, square tiles, with one tile in the center displaying the chemical symbol 'Au' for gold, highlighted in gold color. The overall arrangement suggests a thematic representation of elements or periodic table concepts. aiImage created using AI — ChatGPT

Amaroq (LSE:AMRQ), the mine development company focused on Greenland's mineral potential, has started its 2026 resource drilling programme at the Nanoq gold project in South Greenland.

Three company-owned rigs are initially targeting the Central Zone, where 2025 drilling returned 187.4g/t gold over 1.5 metres and 19.6g/t gold over 4.9 metres.

The programme aims to add drilling density and test grade continuity before stepping out to the West 1 Zone, roughly 500 metres west, where surface sampling has returned up to 9.5g/t gold on a structure believed similar in scale.

Amaroq is targeting metreage broadly comparable to the 4,807 metres drilled across 27 holes in 2025, with the combined dataset intended to support evaluation of a maiden Mineral Resource Estimate later this year.

Drilling has started roughly a month later than planned, after procurement delays and harsher-than-expected early-season weather.

Provisional metallurgical testwork by SGS Lakefield in Canada is assessing whether Nanoq material suits the gravity and flotation flowsheet already running at Amaroq's Nalunaq gold mine, a step that could open the door to near-term bulk sampling through existing Nalunaq facilities.

Amaroq is also assessing infrastructure works, including a possible harbour and access road, that could cut costs and improve site access from 2027.

"This year's work is deliberately focused on increasing data density and testing continuity within the Central Zone, before stepping out along strike and into parallel targets, including West 1," said James Gilbertson, Amaroq's VP Exploration.

News Intelligence what this means for the company

Amaroq has begun 2026 resource drilling at Nanoq in South Greenland, targeting a maiden resource estimate by year-end. The programme—three company-owned rigs initially focused on the Central Zone, where 2025 drilling returned grades up to 187.4 g/t gold—aims to match 2025's ~4,800 metres of drilling and test grade continuity before stepping into the West 1 Zone 500 metres away. Drilling started roughly a month late due to procurement delays and weather, but the work is a direct continuation of the exploration arc we have tracked; metallurgical testwork is now assessing whether Nanoq ore suits the gravity-flotation flowsheet already operating at Amaroq's producing Nalunaq mine, potentially opening a path to bulk sampling through existing facilities.

Investment case

The Nanoq maiden resource estimate later this year will be the first hard measure of whether the project can feed Nalunaq's existing processing infrastructure or requires standalone development. Success here—a resource large enough and accessible enough to justify near-term bulk sampling—would materially expand Amaroq's production profile beyond Nalunaq's current 25–35 koz FY2026 guidance; failure or a small resource would leave the company dependent on Nalunaq alone.

Insights assembled by AI. Editor-reviewed and grounded in tickstock’s coverage and proprietary knowledge graph.

Content is for informational purposes only, not financial advice.

by tickstock newsroom