Niðurstöður neðanjarðarborana í Nalunaq

Reykjavík, July 16, 2026 (GLOBE NEWSWIRE) -- Niðurstöður neðanjarðarborana í Nalunaq

Boranir staðfesta háan styrkleika gulls, þ.m.t. 132,5 g/t Au yfir 0,5 m, sem styður við framleiðslumarkmið til skemmri- og millilangs tíma

Borinn verður færður til að kanna áður órannsakaðan vesturhluta meginæðarinnar (e. Main Vein)

16. júlí 2026 – Amaroq Ltd. (AIM, NASDAQ Iceland: AMRQ, OTCQX: AMRQF) tilkynnir um áframhaldandi sterkar niðurstöður úr neðanjarðarborunum í Nalunaq. Boranirnar eru hluti af áætlun félagsins um staðfestingu auðlinda og stuðning við framleiðslu í Nalunaq-gullnámunni í Suður-Grænlandi.

Niðurstöðurnar staðfesta áfram háan styrkleika gulls í meginæð Nalunaq innan Mountain Block, og styðja enn frekar við framleiðslu og ~2 milljóna únsa (Moz) Au rannsóknarmarkmið í Nalunaq.

Helstu niðurstöður

• Áframhaldandi staðfesting neðanjarðarboranir á einstaklega háum styrkleika gulls, að meðaltali 42,8 g/t Au.
• Styrkleiki gulls mældist yfir 30 g/t Au í 16 af 37 borholum (sem samsvarar meðal-styrkleika í MRE4-auðlindamatinu) og 30% borholanna mældu yfir 60 g/t Au, þar á meðal:
  • 132,5 g/t Au yfir 0,50 metra (NAL-UG-2601)
  • 132,0 g/t Au yfir 0,50 metra (NAL-UG-2640)
  • 113,5 g/t Au yfir 0,60 metra (NAL-UG-2534)
  • 104,5 g/t Au yfir 0,54 metra (NAL-UG-2616)
  • 84,8 g/t Au yfir 0,83 metra (NAL-UG-2627)
• Eitt af markmiðum félagsins með neðanjarðarborunum miðar að því að viðhalda 12–24 mánuðum af forboruðum framleiðslubirgðum, sem styður við framleiðsluáætlanir og veitir aukinn sveigjanleika í rekstri.

• Boranir frá 802-hæð¹ og 773-hæð skilgreindu 27 og 10 fyrirhuguð vinnslusvæði (e. stopes). Borunum frá 500-hæð var ætlað að kanna svæði þar sem vinnslusvæði hafa ekki verið skilgreind að fullu.
  • Niðurstöður sem greint er frá í tilkynningu þessari bárust eftir viðmiðunardag gagnasöfnunar fyrir væntanlegt MRE5-auðlindamat og fela því í sér frekari möguleika á aukningu auðlindarinnar í komandi uppfærslum á auðlindamati.
  • Yfirborðssýnataka stendur yfir á milli 804 og 996-hæð og beinist bæði að meginæðinni og 75-æðinni (e. 75 Vein). Fjölmörg sýni hafa borið með sér sýnilegt gull (e. visible gold).
  • Næsti áfangi neðanjarðarborana frá fyrirhuguðum 810 rannsóknargöngum (e. 810 Exploration Drive) mun beinast að áður órannsöknuðum svæðum meginæðarinnar og býður því upp á talsverða möguleika á aukningu auðlinda í nágrenni núverandi námuvinnslu.

James Gilbertson, yfirmaður rannsókna (VP Exploration):
„Ég er afar ánægður með að kynna þessar nýjustu niðurstöður úr neðanjarðarborunum, sem halda áfram að sýna fram á einstakt gullinnihald og samfelldni meginæðarinnar í Nalunaq. Niðurstöðurnar staðfesta enn fremur jarðfræðilíkanið og auka traust á framleiðsluáætlunum félagsins.

Stefna okkar í neðanjarðarborunum hefur þróast frá því að snúast eingöngu um auðlindaskilgreiningu yfir í að vera lykilþáttur í daglegum rekstri námunnar. Markmiðið er að viðhalda 12–24 mánaða framleiðsluforða sem hefur verið boraður fyrir fram, draga úr jarðfræðilegri óvissu og styðja við stöðuga gullframleiðslu eftir því sem Nalunaq eykur framleiðslu sína.

Næst munum við hefja boranir á áður ókönnuðum svæðum meginæðarinnar með það að markmiði að staðfesta hluta af því 2 milljóna únsa rannsóknarmarkmiði sem hefur verið skilgreint í Nalunaq. Ég hlakka til að greina frá niðurstöðum þeirra borana, sem og yfirstandandi yfirborðssýnatöku, síðar á árinu.“

„Með hverri borholu sem við borum í Nalunaq eykst skilningur okkar og traust á gæðum og umfangi auðlindarinnar, sem undirstrikar verðmæti þessarar einstöku gullnámu.“

Systematic underground drilling supporting production confidence

Nalunaq is a high-grade underground gold mine where mining confidence is progressively increased through a systematic programme of underground drilling undertaken ahead of planned production.

The Company considers this approach fundamental to operating a high-grade narrow-vein mine. Rather than relying solely on historical resource drilling, geological confidence is continually enhanced through underground drilling, face mapping, channel sampling, mine development and ongoing production reconciliation.

This integrated approach allows Amaroq to continually refine its understanding of the deposit while simultaneously improving confidence in the location, geometry and grade of planned stopes.

Selected underground drilling results

Projection: WGS84 UTM zone 23N

Underground drilling programmes
Three underground drilling programmes have recently been completed.

Drilling on the 802 and 773 Levels was designed to increase confidence in 27 and 10 planned stopes respectively ahead of mining.

Drilling on the 500 Level tested the geological model between interpreted faulted domains where definitive stopes have not yet been designed. Additional results from this programme will further refine the geological interpretation and future results will be reported once assays have been received.

The accompanying figure is available via the link: https://wp-amaroq-minerals-2024.s3.eu-west-2.amazonaws.com/media/2026/07/RNS_image_REVISED_600dpi.tiff

Following completion of the current programme, Amaroq intends to relocate underground drilling to the 810 Level, where drilling will initially focus on increasing geological confidence within the western stopes of the near-term mine plan. As mining and development progress, the programme will transition into systematic resource growth drilling from the planned 810 Exploration Drift.

This new exploration drive will provide underground access to largely untested portions of the Main Vein, that have historically been difficult to evaluate from surface drilling alone, due to the geometry of the deposit and limited drilling angles. By drilling from underground into these previously inaccessible areas, Amaroq expects to significantly improve geological understanding, while testing for extensions of the high-grade Main Vein immediately adjacent to existing mine infrastructure. The Company believes this represents one of the most prospective opportunities for near-mine resource growth at Nalunaq, with the potential to unlock substantial additional mineralisation as development advances into previously unexplored ground.

Surface channel sampling
Alongside underground drilling, Amaroq is undertaking a programme of mountaineering-supported channel sampling across the upper portions of the Nalunaq mine.

Sampling is being undertaken between approximately Level 804 and Level 996, targeting both the Main Vein ("MV") and the 75 Vein ("75V"), which becomes increasingly exposed towards the upper parts of the mine.

The programme is designed to supplement underground drilling with closely spaced geological observations and assay information from areas that are difficult to investigate using conventional drilling techniques.

Although assays remain pending, the Company is encouraged by the presence of significant visible gold observed in a number of channel samples. Analytical results will be reported once available.

Mineral Resource Estimate update
Amaroq intends to release the updated Mineral Resource Estimate (MRE5) shortly.

The underground drilling results reported in this announcement fall after the data cut-off date used for MRE5 and therefore represent additional upside beyond the forthcoming resource update.

The timing of MRE5 has been deliberately aligned with the Company's planned London Stock Exchange Main Market uplisting and the incorporation of production reconciliation data generated during Nalunaq's operational ramp-up.

Sampling and QA/QC
All drill core samples reported in this release were prepared and analysed by ALS Geochemistry's onsite laboratory at the Nalunaq Gold Mine using Aqua Regia digestion with Atomic Absorption Spectrometry (AAS) (Au-OG44n).

To provide ongoing analytical verification, the majority of mineralised intervals have also been submitted to ALS Geochemistry Laboratories, Loughrea, Ireland, for conventional Fire Assay. The analytical method used is Au-AA26 (gold by fire assay and Atomic Absorption Spectroscopy/AAS), and in some instances due to its higher upper limit of detection, Au-GRA22 (gold by fire assay with a gravimetric finish). Screen Fire Assays (e.g., Au-SCR24) are also used where appropriate.

At the date of this announcement, several reported mineralised intersections are supported by Aqua Regia assay results only, with independent Fire Assay verification still in progress. The Company considers the onsite Aqua Regia laboratory to provide reliable operational assay data, while the external Fire Assay programme forms part of Amaroq's routine quality assurance and verification procedures.

Amaroq's QA/QC programme includes the systematic insertion of certified reference materials, blanks and duplicate samples throughout the sampling sequence. ALS Geochemistry also inserts laboratory standards and blanks as part of its own internal quality control procedures. No material QA/QC issues have been identified in relation to the results reported herein.

Qualified Person
The technical information contained in this announcement has been reviewed and approved by James Gilbertson CGeol, VP Exploration for Amaroq Minerals Ltd., a Chartered Geologist of the Geological Society of London and a Qualified Person as defined under NI 43-101.

Use of a Standard
The Mineral Resource information included within this announcement is reported in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards on Mineral Resources and Mineral Reserves dated 10 May 2014, as required by National Instrument 43-101.

-ENDS-

Enquiries:
Amaroq Ltd. C/O
Ed Westropp, Chief Corporate Development and Strategy Officer
+44 (0)7385 755711
ewe@amaroqminerals.com

Panmure Liberum Limited (Nominated Adviser and Corporate Broker)
Scott Mathieson
Piers Shimwell
+44 (0) 20 7886 2500

Canaccord Genuity Limited (Corporate Broker)
James Asensio
Rory Blundell
Harry Rees
+44 (0) 20 7523 8000

Citigroup Global Markets (Corporate Broker)
Andrew Miller-Jones
David Herring
+44 (0) 207 986 3463

Camarco (Financial PR)
Elfie Kent
Fergus Young 
+44 (0) 20 3757 4980

Further Information:

About Amaroq

Amaroq’s principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. The Company’s principal asset is a 100% interest in the Nalunaq Gold mine. The Company has a portfolio of gold and strategic metal assets in Southern Greenland covering the two known gold belts in the region as well as advanced exploration projects at Stendalen and the Sava Copper Belt exploring for Strategic metals such as Copper, Nickel, Rare Earths and other minerals. Amaroq is continued under the Business Corporations Act (Ontario) and wholly owns Nalunaq A/S, incorporated under the Greenland Companies Act.

Inside Information

This announcement does not contain inside information.

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¹ Borunarhæðirnar visa til metra yfir sjávarmáli