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Amaroq (AMRQ) investor relations material
Amaroq Status Update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Exploration results and resource potential
Drilling at Nanoq yielded a 63% hit rate, with 17 of 27 holes showing economic mineralization, averaging 3.3–3.5 meters wide at 9.98 g/t gold, and some copper, all at shallow depths up to 70 meters.
High-grade intersections include up to 187.4g/t Au over 1.5m and 1.12% Cu over 0.5m at shallow depths.
Multiple stacked saddle reef structures, mineralized shear zones, and parallel structures have been identified over a 600-meter strike, with extensions confirmed by geophysics and surface sampling, suggesting significant scale and open-pit potential.
The mineralized structure extends over 1.5 km, with additional parallel zones (West 1–4) identified, and geophysics indicating continuity under ice for up to 25 km.
Mineralization is present in both quartz veins and host rock, enabling bulk mining and larger, more cost-effective operations.
Operational and development plans
Three drill rigs are winterized on site, with plans to expand drilling in 2026, focusing on infill, depth, and strike extension, as well as testing parallel structures.
Metallurgical and environmental baseline studies are underway, with bulk samples being tested for processing compatibility.
Infrastructure plans include building a 3km access road and potentially a harbor to reduce costs and enable year-round operations.
The 2026 program aims to significantly increase resource definition, with a resource assessment expected in early 2026 or after the next drilling season.
2025 exploration built a robust geological model, integrating drilling, mapping, and geochemistry for future resource targeting.
Sampling, QA/QC, and technical validation
Drill core and surface samples were processed using industry-standard methods, with systematic QA/QC including certified reference materials, blanks, and duplicates.
No QA/QC issues were identified, and all results were validated by a Qualified Person.
Metallurgical test work is underway to assess recovery characteristics and compatibility with existing processing flowsheets.
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