Amaroq (AIM:AMRQ) reported fresh underground drilling results from the Nalunaq Gold Mine in southern Greenland, confirming the high-grade nature of the Main Vein within the Mountain Block.
The AIM-listed mine developer, focused on Greenland's mineral potential, said 16 of 37 assayed holes returned grades above 30 g/t gold, the average resource grade used in its fourth mineral resource estimate (MRE4). Best intersections included 132.5 g/t gold over 0.5 metres and 132.0 g/t over 0.5 metres, with an overall average grade across the programme of 42.8 g/t gold.
The drilling, from the 802, 773 and 500 Levels, is designed to maintain a rolling 12 to 24-month production inventory drilled ahead of mining, targeting 27 planned stopes on the 802 Level and 10 on the 773 Level.
The results fall after the data cut-off for the forthcoming fifth mineral resource estimate (MRE5), due shortly, meaning they add upside beyond that update rather than feeding into it.
James Gilbertson, VP Exploration, said the underground drilling strategy "has evolved beyond traditional resource drilling and is now a core part of our mining operation to maintain near term production".
The rig will next move to the planned 810 Exploration Drive to test previously untested western areas of the Main Vein, ground the company says has been difficult to evaluate from surface drilling due to the deposit's geometry.
Amaroq said it is also running mountaineering-supported channel sampling between Levels 804 and 996, with visible gold observed in several samples and assays pending.
