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New Gold Discoveries Across Greenland with Grades up to 38.7 g/t Au

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Amaroq Ltd (OTCQX: AMRQF) reported initial results from its 2025 regional exploration across South and South‑West Greenland, including 542 rock samples across 11 licences collected mid‑June to mid‑September 2025. Highlights include a new high‑grade discovery at Qoorormiut North Ridge (Q‑North Ridge) on Vagar with assays up to 28.6 g/t Au along a 2 km corridor and a gold‑copper system at Isortup Qoorua with assays up to 38.7 g/t Au and 1.98% Cu. Additional surface vein results: Napasorsuaq up to 3.58 g/t Au, Tartoq up to 3.14 g/t Au, and Grænseland up to 3.92 g/t Au. Several targets are now defined as drill‑ready for the 2026 field season.

Amaroq Ltd (OTCQX: AMRQF) ha riportato i risultati iniziali della sua esplorazione regionale 2025 in tutto il Sud e il Sud‑Ovest della Groenlandia, con 542 campioni di roccia raccolti tra metà giugno e metà settembre 2025 in 11 licenze. I momenti salienti includono una nuova scoperta ad alto grado in Qoorormiut North Ridge (Q‑North Ridge) a Vagar con saggi fino a 28,6 g/t Au lungo un corridoio di 2 km e un sistema oro-copper a Isortup Qoorua con saggi fino a 38,7 g/t Au e 1,98% Cu. Ulteriori risultati su vene superficiali: Napasorsuaq fino a 3,58 g/t Au, Tartoq fino a 3,14 g/t Au, e Grænseland fino a 3,92 g/t Au. Diversi obiettivi sono ora definiti come pronti per la trivellazione per la stagione di campo 2026.

Amaroq Ltd (OTCQX: AMRQF) informó resultados iniciales de su exploración regional 2025 en el sur y suroeste de Groenlandia, con 542 muestras de roca recogidas entre mediados de junio y mediados de septiembre de 2025 en 11 licencias. Entre lo más destacado se encuentra un nuevo hallazgo de alto grado en Qoorormiut North Ridge (Q‑North Ridge) en Vagar con ensayos de hasta 28,6 g/t Au a lo largo de un corredor de 2 km y un sistema oro-cobre en Isortup Qoorua con ensayos hasta 38,7 g/t Au y 1,98% Cu. Otros resultados de vetas superficiales: Napasorsuaq hasta 3,58 g/t Au, Tartoq hasta 3,14 g/t Au, y Grænseland hasta 3,92 g/t Au. Varios objetivos se han definido como listos para perforación para la temporada de campo 2026.

Amaroq Ltd (OTCQX: AMRQF) 2025년 남부 및 남서그린란드 전역의 지역 탐사 초기 결과를 발표했습니다. 2025년 6월 중순부터 9월 중순까지 11개 허가에서 암석 샘플 542개를 수집했습니다. 하이라이트로는 Qoorormiut North Ridge (Q‑North Ridge)가 바가르에서 발견된 고등급 신규 발견으로, 2km 구간에 걸친 분석값이 28.6 g/t Au까지 나왔으며 Isortup Qoorua의 금-구리 시스템에서 38.7 g/t Au1.98% Cu의 분석값이 나왔습니다. 표면 광맥의 추가 결과로는 Napasorsuaq 3.58 g/t Au, Tartoq 3.14 g/t Au, Grænseland 3.92 g/t Au까지 있습니다. 여러 목표가 이제 2026 현장 시즌을 위한 시추 준비 상태로 정의되었습니다.

Amaroq Ltd (OTCQX: AMRQF) a communiqué les résultats initiaux de son exploration régionale 2025 à travers le Sud et le Sud‑Ouest du Groenland, avec 542 échantillons de roches prélevés entre la mi-juin et la mi-septembre 2025 sur 11 licences. Les points forts incluent une nouvelle découverte de haut grade à Qoorormiut North Ridge (Q‑North Ridge) à Vagar avec des essais jusqu’à 28,6 g/t Au le long d’un couloir de 2 km et un système or-cuivre à Isortup Qoorua avec des essais jusqu’à 38,7 g/t Au et 1,98% Cu. D’autres résultats de veines de surface : Napasorsuaq jusqu’à 3,58 g/t Au, Tartoq jusqu’à 3,14 g/t Au, et Grænseland jusqu’à 3,92 g/t Au. Plusieurs cibles sont désormais définies comme prêtes pour des forages lors de la saison de terrain 2026.

Amaroq Ltd (OTCQX: AMRQF) veröffentlichte erste Ergebnisse aus der regionalen Explorationskampagne 2025 im gesamten Süden und Südwesten Grönlands, einschließlich 542 Gesteinsproben in 11 Genehmigungen, die von Mitte Juni bis Mitte September 2025 gesammelt wurden. Höhepunkte umfassen eine neue Hochgrad-Entdeckung am Qoorormiut North Ridge (Q‑North Ridge) in Vagar mit Assays bis zu 28,6 g/t Au entlang eines 2 km langen Korridors und ein Gold-Kupfer-System bei Isortup Qoorua mit Assays bis zu 38,7 g/t Au und 1,98% Cu. Weitere Oberflächen-Gang-Ergebnisse: Napasorsuaq bis 3,58 g/t Au, Taraq bis 3,14 g/t Au, und Grænseland bis 3,92 g/t Au. Mehrere Ziele sind nun schlagkräftig für Bohrungen in der 2026-Saison definiert.

Amaroq Ltd (OTCQX: AMRQF) أصدرت نتائج أولية من استكشافها الإقليمي لعام 2025 في جنوب وغرب جنوب غرينلاند، مع 542 عينة صخر جمعت بين منتصف يونيو وMid-September 2025 عبر 11 ترخيص. والتسليط الضوء يشمل اكتشاف عالي الدرجة جديد في Qoorormiut North Ridge (Q‑North Ridge) في فاجر مع اختبارات حتى 28.6 g/t Au على طول ممر بطول 2 كم ونظام ذهب-نحاس في Isortup Qoorua مع اختبارات حتى 38.7 g/t Au و 1.98% Cu. نتائج إضافية للأوردة السطحية: Napasorsuaq حتى 3.58 g/t Au، Tartoq حتى 3.14 g/t Au، وGrænseland حتى 3.92 g/t Au. العديد من الأهداف تعرف الآن كجاهزة للحفر لموسم الحقل 2026.

Amaroq Ltd (OTCQX: AMRQF) 报告了其在2025年覆盖格陵兰岛南部及西南部区域勘探的初步结果,涵盖11处许可、在2025年6月中旬至9月中旬期间采集的542份岩样。亮点包括在 Qoorormiut North Ridge (Q‑North Ridge) 于 Vagar 的一处新高品位发现,分析值高达 28.6 g/t Au,沿着一个2公里走廊,以及在 Isortup Qoorua 的金-铜系统,分析值高达 38.7 g/t Au1.98% Cu。另外的地表脉线结果:Napasorsuaq 至 3.58 g/t Au,Tartoq 至 3.14 g/t Au,Grænseland 至 3.92 g/t Au。若干目标现已被定义为适合在 2026野季进行钻探。

Positive
  • High‑grade assays up to 38.7 g/t Au with 1.98% Cu at Isortup Qoorua
  • New 2 km high‑grade corridor at Q‑North Ridge with assays up to 28.6 g/t Au
  • 542 rock samples collected across 11 licences confirming multiple new gold zones
  • Multiple targets declared drill‑ready for the 2026 field season
Negative
  • No drill‑tested resources reported; results are surface assays and reconnaissance samples
  • Assay results for flagship Nalunaq and Nanoq satellite results pending and to be reported before year end

Reykjavík, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Amaroq Ltd.
(“Amaroq” or the “Company”)

New Gold Discoveries Across Greenland with Grades up to 38.7 g/t Au

TORONTO, ONTARIO – 28 October 2025 – Amaroq Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), an independent mine development corporation focused on unlocking Greenland’s mineral potential, is pleased to announce the initial results from its 2025 field exploration programme on multiple satellite gold projects in South Greenland, following interpretation by the Company’s technical team. This update covers targets outside of the flagship Nalunaq Mine and the Nanoq advanced exploration project, with those results to be reported in future announcements once assay results are received before year end.

Highlights

Nanortalik Gold Belt  

  • New high-grade gold discovery at Vagar: up to 28.6 g/t Au over a 2 km ridge at Qoorormiut North Ridge (Q-North Ridge). Now being advanced towards scout drilling.
  • Vagar Ridge re-interpreted: updated geological understanding reveals new high-grade potential and defines follow-up drill targets.
  • Gold-copper system discovered at Anoritooq: Isortup Qoorua, 50km north of Nalunaq, with results up to 38.7 g/t Au and 1.98% Cu, confirming a high-grade Au-Cu zone for follow-up. Amaroq intend to test the potential for Isortup Qoorua to host a significant satellite gold resource.
  • New orogenic gold targets developed adjacent to the Nalunaq Gold Mine at Napasorsuaq with results up to 3.58g/t Au and 0.54% Cu.

New gold zone in South West Greenland

  • New finds at Tartoq & Ippatit: Gold-bearing quartz veins up to 3.1 g/t Au (Tartoq) and 0.7 g/t Au (Ippatit) discovered in previously undocumented zones of quartz veining in the Nanortalik Gold Belt, close to the Nanoq project.
  • New gold discovery at Grænseland with up to 3.9 g/t Au in quartz veins from 0.5 to 2 meters in thickness and over a strike length of approximately 500m.

Extensive regional success

  • 540+ samples collected across 11 licences, confirming multiple new gold zones and validating historic showings.

James Gilbertson, VP Exploration of Amaroq, commented:
“The 2025 regional exploration programme, which involved over 540 surface samples across 11 licences, confirmed multiple new gold zones, validated historical showings, and defined several drill-ready targets for the 2026 field season. We uncovered high-grade gold of up to 38.7 g/t in new zones within the satellite reaches of our Nalunaq mine, underlining the substantial upside potential across the wider Nanortalik Gold Belt. The discovery at Q-North Ridge, in particular, defines a 2 km long structure that, should grades be continuous, could be a future satellite source of ore for the Nalunaq processing plant. Confirmation of a gold-copper system at Isortup Qoorua and the new veins identified at Tartoq and Grænseland demonstrate that our systematic exploration programme is yielding tangible discoveries. Collectively, these results reaffirm the strategic nature of Amaroq’s gold portfolio and our ability to continue building a multi-asset pipeline within one of Greenland’s most prospective gold districts. We look forward to following up on these high-priority zones and advancing the targets toward drilling, supporting our long-term growth in Greenland.”

2025 Exploration Programme Overview – Satellite Gold Projects within Nanortalik gold belt
During Summer 2025, Amaroq’s exploration team carried out an extensive field programme focused on regional gold targets across South and South-West Greenland. This work was the first full-season exploration campaign on the Company’s gold satellite prospects, since the commencement of Nalunaq mining operations, and its aim was to identify and advance additional gold sources that could eventually supplement production from the Nalunaq mine or form standalone development projects. The programme spanned multiple licences across the Nanortalik gold belt, including Vagar, Anoritooq as well as the Tartoq greenstone belt, and within the Company’s prospecting licences. Work involved geological mapping, prospecting and geochemical sampling, in both historical showing areas and entirely new zones, generated from prior remote sensing and structural interpretation. Field activities ran from mid-June to mid-September 2025, with a total of 542 rock samples collected for assay.

This programme delivered multiple new gold discoveries and important geological advances across Amaroq’s satellite projects in South Greenland, expanding the Company’s pipeline of future development opportunities beyond the Nalunaq Gold Mine.

Vagar (Nanortalik Gold Belt):
A new high-grade gold zone, Q-North Ridge, was discovered with assays up to 28.6 g/t Au across a 2 km alteration corridor — a major new find in the belt. Structural reinterpretation at Vagar Ridge has identified a folded mafic dyke hosting high-grade shoots, generating new drill targets for 2026. Nearby and in close proximity to Nalunaq, Napasorsuaq returned up to 3.6 g/t Au and 0.54% Cu, confirming Nalunaq-style mineralisation and the potential for future satellite feed.

Anoritooq (Nanortalik Gold Belt):
Sampling at Isortup Qoorua confirmed a high-grade gold-copper system with values up to 38.7 g/t Au and 1.98% Cu, marking a major new discovery along the Nanortalik Belt. The potential mineralised corridor extends for several kilometres and will now be advanced toward drilling.

Ippatit (Nanortalik Gold Belt):
Fieldwork identified a network of multi-metre wide quartz veins, that, from float sampling, appears to be carrying anomalous gold (up to 0.68 g/t Au), representing a newly recognised mineralised system with potential for higher grades at depth.

Tartoq (Southwest Greenland):
New gold-bearing quartz veins were discovered at Iterlak, with assays up to 3.14 g/t Au, extending the known gold footprint on this underexplored greenstone belt.

Grænseland (Southwest Greenland):
Initial reconnaissance discovered quartz veins grading up to 3.92 g/t Au over 500 m of strike highlighting the wider potential of Amaroq’s West Greenland licences.

Enquiries:
Amaroq Ltd. C/O
Ed Westropp, Head of BD and Corporate Affairs
+44 (0)7385 755711
ewe@amaroqminerals.com

Eddie Wyvill, Corporate Development
+44 (0)7713 126727
ew@amaroqminerals.com

Panmure Liberum Limited (Nominated Adviser and Corporate Broker)
Scott Mathieson
Nikhil Varghese
Freddie Wooding
+44 (0) 20 7886 2500

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

Camarco (Financial PR)
Billy Clegg
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 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Inside Information
This announcement does not contain inside information.

Qualified Person Statement
The technical information presented in this press release has been approved by James Gilbertson CGeol, VP Exploration for Amaroq and a Chartered Geologist with the Geological Society of London, and as such a Qualified Person as defined by NI 43-101.

Qualifying Statement: The surface sampling results reported herein are selective and may not be representative of the overall mineralisation present.


FAQ

What grades did Amaroq (OTCQX: AMRQF) report from the 2025 Greenland exploration on October 28, 2025?

Amaroq reported surface assays including up to 38.7 g/t Au with 1.98% Cu at Isortup Qoorua and up to 28.6 g/t Au at Q‑North Ridge.

How many samples did Amaroq collect in the 2025 field programme for AMRQF and over what licences?

The company collected 542 rock samples during Summer 2025 across 11 licences in South and South‑West Greenland.

Which Amaroq targets (AMRQF) are now drill‑ready and when is drilling planned?

Several satellite targets including Q‑North Ridge and Isortup Qoorua were described as drill‑ready and are planned for follow‑up in the 2026 field season.

Could the new AMRQF discoveries feed the Nalunaq processing plant?

Amaroq noted the Q‑North Ridge 2 km structure could, if grades are continuous, be a future satellite source of ore for the Nalunaq processing plant.

What additional gold occurrences did Amaroq announce on October 28, 2025 besides high‑grade finds?

Additional discoveries include Napasorsuaq up to 3.58 g/t Au, Tartoq up to 3.14 g/t Au, and Grænseland up to 3.92 g/t Au in quartz veins.
Amaroq Minerals

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