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28/05/2024
Mining News

Amaroq becomes largest licence holder in Greenland

Amaroq Minerals Ltd., an independent mine development company with a land package of gold and strategic mineral assets in South Greenland, has announced the significant expansion of its mineral licence holding, following the granting of two new mineral exploration licences by the Government of Greenland.

Two new mineral exploration licences have been awarded, totalling 1 916.81 km2, and focusing on extensions of Amaroq Minerals’ existing strategic mineral exploration licences.

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The new land package increases the corporation’s total licence holding to 9 785.56 km2, making the licence holding the largest of any mineral exploration company in Greenland.

The newly awarded exploration ground will increase the company’s total licence package to cover the majority of the strike of the emerging South Greenland copper / Iron Oxide Copper Gold (IOCG) belt.

Eldur Olafsson, CEO of Amaroq, commented:

“The exciting award of two new, highly prospective mineral licenses is further evidence of our continued long-term vision for the Greenlandic mining sector and commitment to Greenland as a strategic supplier of essential critical minerals. I am very pleased to confirm Amaroq’s status as Greenland’s largest licence holder, now holding under concession the majority of the region’s emerging IOCG and copper belt.

This development is fully aligned to our strategy of securing exploration rights across South Greenland’s gold and critical mineral belts, complementing our existing portfolio. We intend to pursue new significant copper and critical mineral discoveries across these licenses with our joint venture partner, GCAM.”

 

Source: Global Mining Review

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