Porphyry, Epithermal and Iron oxide, copper gold (IOCG) mineral system potential in South Greenland’s emerging copper belt.
Overview
The Sava / North Sava area (covered by two mineral licences across South Greenland’s emerging copper belt) holds the potential to host porphyry copper, epithermal gold and Iron Oxide, Copper Gold (IOCG) mineralization of a similar style to that seen across the Central Mineral Belt of Labrador and the Kiruna Belt of Scandinavia, both of which host globally significant IOCG deposits.
The Sava licence, acquired by Amaroq in early 2021, is located alongside the significant Ilimaussaq complex (part of the Gardar Province) which hosts the Kvanefjeld and Tanbreez deposits, which collectively host an estimated 1.5% of global Rare Earths Element resources.
Initial exploration of the Sava licence commenced in 2021 and has suggested the potential for multiple copper mineral systems. Since acquisition, the Company has conducted significant mineral system modelling, which has demonstrated the spatial and temporal association of Sava and the Gardar Province with the Voisey’s Bay Province in Canada, which hosts significant magmatic sulphide and rare earth element (REE) deposits.
This mineral system modelling supports the Company’s belief that the Sava licence sits within a newly identified copper belt striking ~200km along a major deep-seated structure running from the Company’s Kobberminebugt licence and eastward to the North Sava licence.
