Amaroq Minerals Ltd. announce a significant new Ni-Cu discovery at its Stendalen Project. In early 2023, an airborne MobileMT survey was flown by Expert Geophysics Limited over a 10x17km area at 200m line spacing, targeting conductive Ni-Cu sulphide mineralisation at or below the surface. This survey method measures electrical resistivity of the rocks to a depth of approximately 2,000m.

Sulphide minerals are typically highly conductive, and if present in sufficient quantities or near surface then they may be directly detectable using this method. The method can also detect changes in rock type, for example the contact of the Stendalen gabbro intrusion with the metasedimentary basement is visible in the survey data. This allows the geometry of the gabbro intrusion to be modelled, and potential favourable sites for Ni-Cu sulphide mineralisation identified.

Following the positive initial results from the geophysics, a single 1061m diamond drillhole, STE2301, was drilled in the late summer of 2023, targeting a conductive anomaly. The hole intersected the layered gabbro series from surface down to a depth of 694m, where it continued through the metasedimentary basement until the end of hole at 1061m (495m below sea level). From surface to 540m, the gabbro is finely layered, with varying grain size and mineralogy.

Much of this layered sequence is weakly mineralised with disseminated pyrrhotite and stringers of pyrrhotite and chalcopyrite. From 540m to 694m the layering becomes poorly defined. The gabbro here is termed ?taxitic?

(variable grain size and textures in the same rock mass) and is mineralised with magmatic nickel-copper sulphides of various textures. Taxite host-rock textures are features of the world?s largest nickel deposits, including Talnakh (Noril?sk), Sudbury and Voisey?s Bay. Taxites are thought to form due to fluid interactions where different magmas mix.

The current interpretation is that this texture relates to the margins of the magma chamber and zones of possible magma recharge. Taxites indicate that the magma chamber was dynamic. Mixing and mingling of magmas in the chamber and incorporation of wall-rock can further help concentrate Ni-Cu-Co in sulphide melt to form a larger deposit.

This taxitic layer is situated at roughly sea level with potential future access via a shallow surface portal. The entire sequence is cut by younger granitic pegmatite dykes, which can reach up to tens of metres in thickness. Based on interpretation of the airborne MagnetoTellurics survey data, geological mapping and core drilling, a preliminary geological model illustrating the potential scale of the mineralisation at Stendalen has been developed.

Sulphide mineralisation in this model is expected to be situated at the base of the layered series ? sulphide melt is dense so naturally sinks and accumulates at the base of magma chamber. Mineralisation may be laterally extensive along the basal contact of the intrusion, with greater accumulations of sulphide within and around the feeder zone.

Pyrrhotite is normally weakly magnetic but at Stendalen it is non-magnetic. This has implications for exploration; non-magnetic conductors should not be ruled out as sulphide targets. Much of the pyrrhotite at Voisey?s Bay is also non-magnetic.

Hole STE2301 did not encounter significant grades of Platinum Group Elements (PGE) but the potential of higher and lower parts of the intrusion has not yet been tested and the system remains prospective. Grade is calculated from the product of sulphide tenor and the proportion of sulphides in the rock. So far scout drilling has only intersected lower grade disseminated sulphides.

However, their existence confirms that the intrusion has reach ?sulphur saturation? and there is good potential for the presence of massive sulphides within the system. Massive sulphides have a sulphur grade of ~35% S. Taking the assay results from this initial drillhole, it is possible to calculate the likely grades of massive sulphide, were they intersected.

When conducting this calculation for Stendalen, it is seen that the metal concentration or ?sulphide tenors? are high, and the project therefore holds the ability to host material between 3-5% nickel equivalent. The intersected sulphide zone is not clearly visible in the 2023 airborne MT survey data, and further data processing is planned.

Two further programmes are planned for 2024, ground MT and downhole electromagnetics geophysical surveys. Data from all geophysical surveys will then be combined and used to reprocess and reinterpret the deposit models. This should greatly enhance the Company?s ability to discriminate sulphide accumulations and will guide all further drilling.

The ground MT survey will be performed early in the 2024 season, giving time for drillhole locations to be optimised. The Stendalen gabbro intrusion was identified during regional mapping by the Geological Survey of Denmark and Greenland (GEUS) in 1992. Reconnaissance work by GEUS and Softrock Minerals Ltd. in 1996 located mineralised boulders on a glacier on the west side of the intrusion, grading up to 0.5% Ni, 0.8% Cu and 0.1% Co.

A 6,000 m long and up to 200 m thick contact ?rust zone? was reported on the West, North and East flanks of the Stendalen Gabbro, just above the contact with the metasedimentary basement, and was assumed to be the source of the Ni-Cu sulphide mineralisation, however this was not followed up. The licence was visited by NunaMinerals in 2010, which focussed on a Ti-V mineralised layer within the intrusion but did not consider the intrusion prospective for Ni-Cu sulphide mineralisation.

Geology Stendalen is a layered mafic intrusion hosted in sulphide and graphite bearing metasediments (migmatites) and located in South Greenland at the junction of Nørrearm and Lindenow fjords, approximately 60km north-east of Amaroq?s Nalunaq gold mine. From Amaroq?s Mineral System modelling, Stendalen sits on the eastern end of the Gardar-Voisey?s Bay fault zone, providing potential spatial relationship to both the rare earth deposits of the Gardar and Vale?s Ni-Cu operation at Voisey?s Bay. The intrusion itself comprises an upper homogeneous gabbro separated from a lower layered gabbro series by a 5-10m thick magnetite-ilmenite rich layer, which has previously been targeted for its Ti-V potential and has returned grades of up to 10.5% TiO2 and 0.57% V. The layered gabbro series can be classified as a hornblende gabbro, where layering is defined by varying abundances of the minerals hornblende and plagioclase.

This layering has been gently folded and steepens towards the edge of the intrusion resulting in a bowl-like shape.