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Drilling commenced at the high impact Ilua Ra...
Amaroq Ltd. has commenced drilling at its high-impact Ilua Rare Earth Project in South Greenland, marking the first phase of its 2026 exploration campaign. This program will test three targets across a pegmatite system extending over at least 5km, building on 2025 surface sampling that yielded grades up to 2.3% total rare earth oxides, with approximately 27% being valuable Heavy Rare Earths. The drilling aims to provide the first subsurface assessment of the project's size, scale, and economic potential, with initial mineralogical studies confirming the presence of easily processable and high-value REE-bearing minerals like monazite. Disclaimer*
About this update from Amaroq Ltd.
Drilling commenced at the high impact Ilua Rare Earth Project, South Greenland Reykjavík, June 29, 2026 (GLOBE NEWSWIRE) -- Amaroq Ltd.(“Amaroq” or the “Company”) Drilling commenced at the high impact Ilua Rare Earth Project, South Greenland 29 June 2026 – Amaroq Ltd. (AIM, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), an independent mine development company focused on unlocking Greenland’s mineral potential, is pleased to announce the commencement of drilling at the Ilua Pegmatite rare earth element (“REE”) prospect, within the Nunarsuit licence area in South Greenland, held withing the Gardaq Joint Venture. The programme marks the first of the Company’s 2026 exploration campaigns and represents the next phase of evaluation of one of Greenland’s emerging conventional REE targets. Highlights Targeting Ilua, a large potential pegmatite-hosted REE prospect in conventional mineralogy;Scout drilling programme testing three targets across an identified pegmatite system over at least a 5km strike;Located immediately by the coast with good access and favourable topography for drilling and operations;2025 surface sampling returned high grades of up to 2.3% total rare earth oxides (“TREO”), with c.27% comprising valuable Heavy REEs (“HREE”);Programme will provide first subsurface assessment of the size, scale and economic potential;Provisional mineralogical studies have confirmed the presence of several easily processable and high value REE-bearing minerals including: Britholite (REE-rich apatite)MonaziteZircon The 2026 programme is designed to test three initial scout drill targets, distributed along the Ilua Pegmatite Zone, a prospective, conventional REE-hosting system, extending for at least 5km of strike. Drilling will be supported by detailed geological mapping, channel sampling, and mineralogical studies aimed at further defining the geometry, continuity, and rare earth mineralogy of the system. The analysis will also start to define the economic potential and best commercialisation options. Previous exploration at Ilua identified significant REE enrichment within a series of pegmatite bodies, exposed at surface across the southern part of the licence area. In 2025, surface sampling returned grades of up to 2.3% TREO, with approximately 27% comprising valuable HREEs and with favourable distribution of critical magnet rare earths, including neodymium, praseodymium, d...