2026 Nanoq Drilling Programme Completed and Initial Positive Metallurgical Test Work Results

Original announcement by globenewswire on

Company
Amaroq Ltd.
Ticker
AMRQ
Exchange
Unavailable
Region
South Greenland
Primary commodity
Gold
Secondary commodities
Copper
Document categories
Metallurgy, Other
Extracted
2026-10-01 06:38:17 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Amaroq Ltd. has completed its 2026 Nanoq drilling programme, consisting of 4,728.9 metres across 33 holes, to support a future maiden Mineral Resource Estimate. Metallurgical test work conducted by SGS Lakefield demonstrated high gold recoveries of 97–99% using the existing Nalunaq flowsheet.

Reasoning: The announcement reports successful metallurgical test work with very high gold recoveries and the completion of a significant drilling campaign, though specific assay results are not yet available.

Positive factors

  • High gold recoveries (97-99%)
  • Successful metallurgical test work by SGS Lakefield
  • Completion of 2026 drilling programme
  • Visible mineralisation in 88% of holes

Negative factors

  • Assay results for 2026 drilling are still pending

Facts used in scoring: 1

Classification and evidence

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: Gold recoveries of 97-99% are in the exceptional band.

Evidence · text

“Overall total gold recoveries using the existing flow-sheet of approximately 97–99%.”

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: Test work was conducted to evaluate processing at the existing Nalunaq facility flowsheet.

Evidence · text

“amenable for processing at the Nalunaq facility.”

Single Domain Onlynegative

Testing limited to one composite or domain — representativeness not established.

Why it applies: only one composite was tested

Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

Metallurgical Results (1)

unspecifiedNanoq Gold Project · goldRecovery: 98 %View all details
Link to this fact

Identity

Project
Nanoq Gold Project
Commodity
gold
Region
south greenland
Reported Region
South Greenland
Ticker
AMRQ

Test Work

Program Status
preliminary
Test Type
unspecified
Processing Route
existing flow-sheet of the Nalunaq facility
Sample
Nanoq mineralisation

Recovery

Recovery
98 %
Recovery Basis
actual_test

Lab

Laboratory
SGS Lakefield

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-01T00:00:00.000Z

Reasoning: Reported gold recovery of 97-99% is exceptional for a mill route.

Positive factors

  • Recovery is in the exceptional band (97-99%)

Evidence · text

“Overall total gold recoveries using the existing flow-sheet of approximately 97–99%.”

Tags used in scoring

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 98% is at or above the exceptional band (95%)

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.