Proactive Investors - Amaroq Minerals Ltd (TSX-V:AMRQ, AIM:AMRQ) has provided investors with an update on its ongoing exploration activities in Southern Greenland, where the company has identified a further 24 prospective copper targets ahead of the 2024 field season.
The company highlighted that an expert review of 2022 and 2023 exploration results from Target (NYSE:TGT) West has confirmed a porphyry/intrusion-related copper and molybdenum body, enhancing the area’s mineral potential.
It said interpretation suggests greater preservation potential in the East with up to 17 significant new targets defined within the Johan Dahl Land area.
Further, a data review of geophysics carried out in 2023 at the Kobberminebugt licence area has highlighted the potential for further high-grade copper mineralization at depth and across two newly defined targets.
James Gilbertson, Amaroq VP exploration, said that with the assistance of leading independent copper industry experts, the company continues to define the emerging South Greenland Copper Belt.
"Building on the successful 2023 drilling program at Target West, Amaroq has rigorously interpreted these results, alongside recently received geophysical data,” Gilbertson said.
“This work has now confirmed the region's first copper porphyry system as well as helped to identify 24 further high-potential targets across this belt. Amaroq, through its Gardaq Joint venture, believes that these results warrant further exploration efforts across a broader area of the belt to identify further targets.”
The company said it is now finalizing its 2024 exploration program which will focus on the discovery and development of copper resources.
It said it has ensured the availability of logistical and consumable requirements needed for any scout drilling this Summer should any of these targets assessed warrant immediate follow-up assessment.
"Our 2024 field program will leverage the knowledge developed so far on Target West and direct exploration efforts on these new high-potential targets,” Gilbertson concluded.