CA Market News
2日前
North Arrow Drills 9 m @1.23 g/t Au and 7 m @ 1.99 g/t Au at Target A, Kraaipan Gold Project, BotswanaJune 8, 2026 4:00 AM
NewsfileConfirms Gold Along ~700 m of Strike; Completes Rotation 2 RC Drill ProgamVancouver, British Columbia--(Newsfile Corp. - June 8, 2026) - North Arrow Minerals Inc. (TSXV: NAR) (OTCID: NHAWF) (FSE: 9TB) ("North Arrow" or the "Company") today reports assay results from Rotation 1 reverse circulation ("RC") drilling at Target A and the completion of Rotation 2 RC drilling at Targets AE and AF, as part of the Company's US$2.3 million 2026 exploration program at the Kraaipan Gold Project ("Kraaipan") in southern Botswana. Kraaipan is a significantly underexplored, gold-endowed system masked by shallow Kalahari sand cover that represents the direct northern extension of the Archean greenstone terrane hosting Harmony Gold's multi-million-ounce Kalgold Mine, 40 km to the south.Key MessagesGold mineralization confirmed along ~700 m of strike at Target A - bedrock gold intercepts (>0.5 g/t Au) were returned in 12 of 20 RC holes spanning the four grids tested, validating the Company's interpreted ~700 m NE-SW corridor as a gold-bearing system. In addition, overburden samples from hole KR26-007 returned 29 g/t Au over 2 m at Grid 1 and KR26-001 returned an overburden sample of 2.13 g/t Au over 3m at Grid 4. These overburden samples are interpreted to comprise a variable mix of Kalahari sands and locally derived bedrock material.Rotation 2 RC Drilling (Targets AE and AF) is complete - 22 RC holes, totaling 1,198 m, have been drilled at Targets AE (8 holes, 479 m) and AF (14 holes, 719 m), together with a total of 29 new surface rock samples taken at AF and AE from newly identified exposures of alteration and quartz veining in BIF host rocks. All samples collected have been delivered to ALS Johannesburg with results expected in 6-7 weeks.CEO CommentaryEira Thomas, Chief Executive Officer of North Arrow, stated:"Rotation 1 drilling at Kraaipan has successfully confirmed that gold mineralization is present along the full ~700 m of interpreted strike at Target A, the first of our target areas planned for RC drill testing at in 2026. RC drilling returned encouraging, anomalous bedrock gold intercepts in excess of 0.5 g/t in 12 of 20 holes, further supporting broad gold endowment within the target area, this drilling has not provided us with enough data to confidently define the vein orientations controlling the gold mineralization. We intend to undertake further structural mapping and re-interpretation, followed by targeted re-drilling at revised azimuths to help lock in structural controls and host lithologies' contacts. With Rotation 2 RC drilling already complete at Targets AE and AF and the regionally scoped Rotation 3 commencing this month, we are advancing the program on a steady cadence across multiple high-priority, gold bearing areas identified in 2025 along this highly prospective, under-explored 60-kilometre-long, greenstone belt."Figure 1: Kraaipan Gold Project -Target A 2026 RC grids and drillhole locations with select intercepts listed. SELECT INTERCEPTS To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3881/300488_northarrowfig106072026.jpgRotation 1 Drilling - Target ARotation 1 was completed between the 3rd and 22nd of March 2026 and comprised 20 angled RC holes totaling 1,103 m across four grids along the interpreted ~700 m NE-SW strike of Target A. Grids 1 to 3 was drilled at a 290° azimuth and 60° dip; Grid 4 was drilled at a 270° azimuth and 60° dip. All assay results have been received from ALS Johannesburg.Table 1: Grid Totals with Select Intercepts from Each Grid GridHolesMetresHoles with Au
(>0.5 g/t bedrock)Select intercepts (drilled width)Grid 1 (south)52564 of 5KR26-005: 7 m @MB: 4 m @ 1.78 g/tGrid 231473 of 3KR26-010: 4 m @Tommy_Brown: 3 m @ 1.52 g/tGrid 3 (around KR25-157)95204 of 9KR26-012: 9 m @garrettashton: 6 m @ 0.69 g/tGrid 4 (north)31801 of 3 KR26-001: 1 m @No Moderator 3 m @ 2.13 g/t in overburden Total201,10312 of 20True widths estimated to be 50-75% of interval Table 2: Significant Intercepts (>0.5 g/t Au)To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3881/300488_6e681b889499983b_009full.jpg** = overburden / scree intercept. Drilled lengths shown; *true widths estimated at 50–75% of drilled interval. Refer to the supporting drilling results presentation dated 29 May 2026 for plan and section views of all four grids.Rotation 1 SummaryThe Rotation 1 results suggest that gold mineralisation is not continuously present along the overall strike and dip of the mineralised trend at Target A, and additional structural analysis is required as highlighted by the following observations:Adjacent holes returned variable results - for example, KR26-006 returned no significant assays despite being located between four mineralized holes at Grid 1, and five of nine holes at Grid 3 returned no significant Au (0.5 g/t Au) despite being drilled in vicinity of KR26-012 (9 m @hallsboy (KR26-017) failed to repeat the intersection, and current drilling did not establish dip continuity around the flagship KR25-157 (30 m @hallsboy with 9m @ 1.23 g/t Au (12-21m) does provide strike continuity;Grid 4 did not intersect a bedrock source for the 68.5 g/t Au surface sample with only one hole returning a narrow 1m @ 25-26m). A 3 m @ 2.13 g/t Au intercept was returned from overburden.These observations suggest the possibility that gold mineralisation may be hosted in a series of shoots with plunge directions that are oblique to the overall strike and dip of the mineralised trend. As outlined below, further work is planned to better constrain the orientation and structural controls on mineralisation at Target A as well as the better exposed Targets AE and AF, drilled in the recently completed Rotation 2 program.Table 3: Rotation 1 Drillhole detail including locations and bedrock descriptions (view larger image HERE)To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3881/300488_northarrowtbl306072026.jpgRotation 2 Drilling - Targets AE and AF (Complete)Rotation 2 RC drilling at Targets AE and AF was completed on schedule. A total of 22 holes (1,198m) were drilled: 8 holes (479 m) at Target AE tested a ~250 m extent of this SSW-NNE mineralized trend, and 14 holes (719 m, with one hole abandoned) at Target AF across three grids spanning the >450 m N-S mineralized trend. Field logging of RC chips confirms quartz veining, weathered sulphides and a host-rock assemblage consistent with that observed in 2025 drilling. An additional 29 surface rock samples were collected along strike at AE and AF, including newly identified parallel structures at Target AE. All RC and surface samples are now at ALS Johannesburg; results are expected in July.Next StepsRotation 3 will consist of vertical RC drilling targeting new regional opportunities under Kalahari cover identified through geophysical and structural interpretation. Between 40 and 60 shallow holes are planned to test the base of the Kalahari cover and the upper 5-10 m of bedrock. This rotation will be undertaken in two stages, with an initial 3-week program starting in mid-June, followed by a second program tentatively planned to start in late July.Surface prospecting and soil sampling is underway, and focused on areas north of Target AE, infill between Target A and Target AF, and a soil grid south of Target A. Program is expected to be complete by late-June.Detailed structural mapping and interpretation incorporating results to date and mapping of new outcrop exposures will better constrain the trend and structural controls on mineralisation at all three targets tested to date.Rotation 4 follow-up drilling based on results from Rotations 1 and 2. This rotation will include core drillholes and options for oriented core are being investigated. Holes will be planned with mapping and drilling data to better constrain the nature, continuity and geometry of the gold mineralisation.About the Kraaipan Gold ProjectThe Kraaipan Project comprises approximately 724 km² of mineral concessions covering the entire ~60 km northern extension of the Kraaipan Greenstone Belt, a highly prospective Archean greenstone terrain straddling the Botswana-South Africa border. Over 80% of the northern portion of the belt is covered by Kalahari sands, which have seen limited past exploration. The South African portion of the belt hosts numerous mineral occurrences including Harmony Gold's Kalgold mine, a multi-million-ounce, BIF-hosted gold operation located 40 km to the south that has been in continuous production for over 30 years.North Arrow can earn up to 80% interest in the Kraaipan Project from Rockman Resources through a First Option to earn 60% by investing US$5 million over 3 years (US$1 million firm commitment achieved), and a Second Option, at Rockman's election, to earn an additional 20% upon completion of a Preliminary Economic Assessment. North Arrow's partner Rockman Resources - through its operator Mineral Services - leverages over 25 years of operational experience in Botswana, together with proprietary technologies including high-resolution UAV magnetics, a mobile RC drilling platform optimized for Kalahari conditions, and in-house sample preparation.Sampling, Laboratory Analyses and QA/QCRC and surface rock samples collected in the field were driven to Mineral Services' facility in Gaborone to be sorted and prioritized for assay. Samples were allocated unique random sample numbers, sealed and shipped to ALS's laboratory in Johannesburg, South Africa using industry-standard chain-of-custody protocols. Following an initial coarse crush (CRU-21), the entire sample is then pulverized (PUL-21) to better than 85% passing a 75-micron screen prior to geochemical analysis. All samples are analyzed for gold by fire assay with an ICP-AES finish, method code Au-ICP22 (50-gram sample). Samples returning gold values over 10 ppm are subjected to ore-grade check assays using fire assay and a gravimetric finish using method code Au-GRA22 (50-gram sample). Samples are also subjected to lithium borate fusion and acid digestion for whole-rock analysis of major and trace elements by ICP-AES (major elements) and ICP-MS (trace elements); method codes ME-ICP06 and ME-MS81, respectively. In addition, a suite of base metals and other trace elements not included in the ME-MS81 method are analysed by ICP-AES on four-acid digestions (method code ME-4ACD81).QA/QC protocols include ALS laboratory's own internal quality assurance controls as well as Rockman's field controls, including the insertion of duplicates and certified reference materials (CRM), each at a rate of roughly one per 20 samples. QA/QC data are evaluated on receipt for failures, and appropriate action is taken if results for duplicates, CRMs and blanks fall outside allowed tolerances.About North Arrow MineralsNorth Arrow Minerals is a Vancouver-based exploration company focused on evaluating the Kraaipan Gold Project. Management and advisors bring significant global exploration and mining experience. North Arrow's exploration programs are conducted under the direction of Dr. John Armstrong, Ph.D., P.Geo. (NWT/NU), President and Chief Operating Officer of North Arrow and a Qualified Person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Dr. Armstrong has reviewed and approves the contents of this press release.North Arrow Minerals Inc./s/ "Eira Thomas"
Eira Thomas, Chief Executive OfficerFor further information, please contact:
Nick Thomas, Manager of Investor and Community Relations
Tel: 778-229-7194 | Email: nthomas@northarrowminerals.com
Website: www.northarrowminerals.comNeither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsThis news release contains "forward-looking statements" including but not limited to statements with respect to North Arrow's plans, the estimation of a mineral resource and the success of exploration activities. Forward-looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not restricted to, the amount of geological data available, the uncertain reliability of drilling results and geophysical and geological data and the interpretation thereof, and the need for adequate financing for future exploration and development efforts. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. The Company assumes no obligation to update forward-looking statements except as required by law.Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility
for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300488 Original: North Arrow Drills 9 m @1.23 g/t Au and 7 m @ 1.99 g/t Au at Target A, Kraaipan Gold Project, Botswana
CA Market News
2月前
NORTH ARROW EXTENDS MINERALIZED FOOTPRINT AT KRAAIPAN GOLD PROJECT, BOTSWANAApril 16, 2026 7:30 AM
PR Newswire (Canada)
Q1 Surface Sampling Expands Trends at Targets AE and AF; Rotation 1 RC Drilling Completed Across ~700m Strike at Target A; Rotation 2 Drilling CommencesTrading Symbol - TSXV: NARVANCOUVER, BC, April 16, 2026 /CNW/ - North Arrow Minerals Inc. (TSXV: NAR) (OTCID: NHAWF) ("North Arrow" or the "Company") is pleased to provide an update on its US$2.3 million 2026 exploration program at the Kraaipan Gold Project ("Kraaipan") in southern Botswana. The Company has completed Rotation 1 reverse circulation ("RC") drilling at Target A, extended gold-in-rock trends at Targets AE and AF through Q1 surface sampling and commenced Rotation 2 RC drilling. Kraaipan represents a significantly underexplored, gold-endowed system masked by shallow Kalahari sand cover that is the direct northern extension of the Archean greenstone terrane hosting Harmony Gold's multi-million-ounce Kalgold Mine, 40km to the south.Key HighlightsQ1 2026 Surface Sampling at Targets AE, AF and K:31 samples of float and outcrop collected; 12 returned >0.5 g/t Au, of which 6 returned >1 g/t Au.New 5.44 g/t Au sample at Target AE extends the interpreted SSW–NNE mineralized strike length to >250m.Target AF now defined over an interpreted 450m N–S strike length, with seven new samples >0.5 g/t Au including 3.78, 2.61 and 1.67 g/t Au.Rotation 1 Drilling Complete – Target A:20 RC holes totaling 1,103m completed, testing four high-priority grids along an interpreted ~700m NE–SW strike length.Field logging of chips confirms quartz veining, weathered sulphides and a host-rock assemblage consistent with the same geological setting that delivered the flagship 2025 RC intercept of 30m @JRUSCICK) at Target A.Assay results expected in Q2 2026.Rotation 2 Drilling Commenced – Targets AE and AF:20 holes / ~1,100m planned, designed to test strike extensions at Target AE and to increase confidence in the 450m trend at Target AF.Scheduled for completion in early May 2026.Geophysics Update:Q1 2026 Remote Mapper airborne surveys added 4,779 line-km at 25m spacing across 110 km², bringing total high-resolution coverage to 452 km² of the 724 km² land package.CEO Commentary:Eira Thomas, Chief Executive Officer of North Arrow, stated:"We are very encouraged by the momentum building at Kraaipan. Rotation 1 drilling at Target A has successfully tested multiple high-priority zones along an approximately 700m strike length, with alteration, quartz veining and weathered sulphides logged in the RC chips consistent with the same mineralized assemblage that delivered our flagship 30m at 1.56 g/t Au intercept in 2025. Q1 surface sampling has continued to demonstrate the scale and tenor of this system – the highest grade sample of 5.44 g/t Au sample now extends Target AE to more than 250m of strike, and new values of 3.78, 2.61 and 1.67 g/t Au have filled in Target AF to confirm earlier estimates of 450m. With Rotation 2 now underway and a fully-funded, four-rotation program planned for 2026, we are methodically unlocking 60 kilometres of previously underexplored greenstone belt that sits on the same Archean trend as Harmony Gold's multi-million-ounce, long-producing Kalgold Mine, 40km to the south."Q1 2026 Surface Sampling – Extending the Mineralized FootprintIn January 2026, 31 surface samples (float and outcrop) were collected along interpreted strike trends at Targets AE, AF and K, focused on altered, silicified and quartz-veined banded iron formation consistent with previously sampled surface and RC chip material. Twelve samples returned gold values >0.5 g/t Au, including six >1 g/t Au (see Table 1).Target AE. The highest result – a 5.44 g/t Au sample located ~160m south of the 2025 RC drilling – is one of five samples at Target AE returning >0.9 g/t Au, extending the SSW–NNE strike length to greater than 250m.Target AF. Samples returned new results along an interpreted 450m N–S strike length, including seven samples >0.5 g/t Au and notable values of 3.78 g/t Au, 2.61 g/t Au and 1.67 g/t Au. The 3.78 g/t Au and 1.67 g/t Au samples were collected from previously unsampled ground approximately 100m south and 100m north, respectively, of 2025 samples that returned 3.65 g/t Au and 4.12 g/t Au.Target K. Sampling at Target K did not return sample results of significance. Given the structural complexity and sand cover at Target K, further prospecting and geological mapping is planned in advance of any drilling.Table 1. Summary of Q1 2026 Surface SamplesRotation 1 Drilling – Target A (Detail)Rotation 1 targeted four high-priority grids (Grids 1–4) along an interpreted ~700m NE–SW corridor at Target A. Holes were drilled on east–west azimuths to properly test the subvertical structures interpreted from 2025 drilling and surface work (see Table 2).Table 2. Summary of Rotation 1 Target A RC DrillingRotation 2 Drilling – Now Underway at Targets AE and AFRotation 2 drilling is designed to follow up confirmed mineralization identified in outcrop samples collected during the 2025 and 2026 sampling programs. The 20-hole, ~1,100m program is scheduled for completion in early May 2026 and focuses on Targets AE and AF, with the objectives of increasing confidence in the interpreted strike length at Target AF and extending strike at Target AE.Target AE (~250 m strike length):Drilling will test the recent 5.44 g/t Au sample located >160m south of the 2025 RC fence, which returned 0.90 g/t Au over 4m within 0.40 g/t Au over 13m.Drilling will extend northward to test recent 0.98, 1.19 and 1.09 g/t Au samples, and at the current northern strike extent test a 1.27 g/t Au sample located ~60 m north of the 2025 RC drill fence.Target AF (3 grids, >450 m strike length):Grid 1 (south) will follow up a 4.12 g/t Au sample.Grid 2 (central) will test the 3.78 g/t Au and 1.67 g/t Au samples collected in 2026, as well as a 3.65 g/t Au sample from 2025.Grid 3 (north) will test 6.47 g/t Au and 1.00 g/t Au samples.Q1 2026 Geophysics UpdateQ1 Remote Mapper airborne surveys added 4,779 line-km of high-resolution coverage at 25m line spacing across PL026/2022 and PL220/2021. Remaining license areas will be assessed using ground-based walking magnetics or multicopter surveys where airborne coverage is restricted.2026 Kraaipan Exploration ProgramThe 2026 Kraaipan program has an approved budget of US$2.3 million and consists of four integrated workstreams:i) Four-Rotation Drilling Campaign (each rotation ~3 weeks):Rotations 1 and 2 – Angled RC drilling designed to properly test subvertical structures and mineralization, following up positive 2025 results at Targets A, AE, AF and K. Approximately 15–20 holes per rotation at 50–60m depth. Rotation 1 complete; Rotation 2 underway.Rotation 3 – Vertical RC drilling targeting new regional opportunities in areas of Kalahari cover identified through geophysical and structural interpretation. Between 40–60 shallow holes planned to test the upper 5–10m of bedrock. Planning in process.Rotation 4 – Follow-up drilling on the strongest results from earlier rotations, potentially incorporating core drilling on selected targets.ii) Geophysics and Imaging. High-resolution magnetic and drone imaging surveys over the balance of the property (where flight is allowed) to support target definition.iv) Surface Prospecting. Additional surface prospecting along strike extensions of target areas and across northern and southern zones of outcrop and sub-crop with minimal sand cover. Findings from both the 2025 and 2026 sampling campaigns will be used to refine and guide the program on a continuous basis.In-Country Experience and Proprietary Exploration TechnologyNorth Arrow's partner, Rockman Resources – through its operator Mineral Services – leverages over 25 years of operational experience in Botswana, together with proprietary technologies including high-resolution UAV magnetics, a mobile RC drilling platform optimized for Kalahari conditions, and in-house sample preparation.About the Kraaipan Gold ProjectThe Kraaipan Project comprises approximately 724km² of mineral concessions covering the entire ~60 km northern extension of the Kraaipan Greenstone Belt, a highly prospective Archean greenstone terrain straddling the Botswana–South Africa border. Over 80% of the northern portion of the belt is covered by Kalahari sands, which have seen limited past exploration. The South African portion of the KGB hosts numerous mineral occurrences including Harmony Gold's Kalgold mine, a multi-million-ounce, BIF-hosted gold operation located 40km to the south that has been in continuous production for over 30 years.North Arrow can earn up to 80% interest in the Kraaipan Project from Rockman through: a First Option to earn 60% by investing US$5 million over 3 years (US$1 million firm commitment achieved), and a Second Option at Rockman's election, to earn an additional 20% upon completion of a Preliminary Economic Assessment.Sampling, Laboratory Analyses and Quality Assurance / Quality Control (QA/QC)RC and surface rock samples collected in the field were driven to Mineral Services' facility in Gaborone to be sorted and prioritized for assay. Samples were allocated unique random sample numbers, sealed and shipped to ALS's laboratory in Johannesburg, South Africa using industry-standard chain-of-custody protocols. Following an initial coarse crush (CRU-21), the entire sample is then pulverized (PUL-21) to better than 85% passing a 75-micron screen prior to geochemical analysis. All samples are analyzed for gold by fire assay with an ICP-AES finish, method code Au-ICP22 (50-gram sample). Samples returning gold values over 10 ppm are subjected to ore-grade check assays using fire assay and a gravimetric finish using method code Au-GRA22 (50-gram sample). Samples are also subjected to lithium borate fusion and acid digestion for whole-rock analysis of major and trace elements by ICP-AES (major elements) and ICP-MS (trace elements); method codes ME-ICP06 and ME-MS81, respectively. In addition, a suite of base metals and other trace elements not included in the ME-MS81 method are analysed by ICP-AES on four-acid digestions (method code ME-4ACD81).QA/QC protocols include ALS laboratory's own internal quality assurance controls as well as Rockman's field controls, including the insertion of duplicates and certified reference materials (CRM), each at a rate of roughly one per 20 samples. QA/QC data are evaluated on receipt for failures, and appropriate action is taken if results for duplicates, CRMs and blanks fall outside allowed tolerances.About North Arrow MineralsVancouver-based exploration company focused on evaluating the Kraaipan Gold Project. Management and advisors bring significant global exploration and mining experience. North Arrow's exploration programs are conducted under the direction of Dr. John Armstrong, Ph.D., P.Geo. (NWT/NU), President and Chief Operating Officer of North Arrow and a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Armstrong has reviewed and approves the contents of this press release.North Arrow Minerals Inc./s/ "Eira Thomas"Eira ThomasChief Executive OfficerWebsite: www.northarrowminerals.comNeither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsThis news release contains "forward-looking statements" including but not limited to statements with respect to North Arrow's plans, the estimation of a mineral resource and the success of exploration activities. Forward-looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not restricted to, the amount of geological data available, the uncertain reliability of drilling results and geophysical and geological data and the interpretation thereof, and the need for adequate financing for future exploration and development efforts. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. The Company assumes no obligation to update forward-looking statements except as required by law.
SOURCE North Arrow Minerals Inc.
Original: NORTH ARROW EXTENDS MINERALIZED FOOTPRINT AT KRAAIPAN GOLD PROJECT, BOTSWANA
CA Market News
3月前
NORTH ARROW COMMENCES 2026 EXPLORATION PROGRAM AT KRAAIPAN GOLD PROJECT, BOTSWANAFebruary 27, 2026 7:26 PM
PR Newswire (Canada)
Trading Symbol - TSXV: NARVANCOUVER, BC, Feb. 27, 2026 /CNW/ - North Arrow Minerals Inc. (TSXV: NAR) ("North Arrow" or the "Company") is pleased to announce the commencement of its 2026 exploration program at the Kraaipan Gold Project ("Kraaipan") in southern Botswana. The program follows a successful US$1.2 million technology driven, reconnaissance campaign in 2025 that identified six distinct gold-anomalous areas within the ~45km ong underexplored Kraaipan Greenstone Belt ("KGB"), including a standout RC drill intercept of 1.56 g/t Au over 30m from surface at Target A.Surface prospecting, involving targeted follow up grab sampling of exposed outcrops, was completed in late 2025 and has returned further high-grade results at three priority targets (Table 1). At Target A, five of six grab samples returned gold values of 68.5 g/t Au, 7.99 g/t Au, 5.12 g/t Au, 3.28 g/t Au, and 1.81 g/t Au, respectively. At Target K, one of seven samples returned 10.7 g/t Au. A single sample at Target AE returned 1.27 g/t Au. An additional 31 surface samples collected along strike trends at Targets AE, AF, and K in February 2026 are currently awaiting assay results, expected before the end of Q1 2026.The 2026 exploration campaign was initiated on February 18 with Remote Mapper airborne geophysical surveying over the north-eastern portion of the property, together with additional follow-up surface prospecting and sampling. Phase 1 RC drilling will commence in early March at Target A, the site of the program's highest-grade RC intercept (30 m @JRUSCICK) and the 68.5 g/t surface sample assay. The latter is located at the northern end of a zone of anomalous Au values—as defined by historical drilling and surface rock sampling as well as Rockman outcrop sampling—extending approximately 700 m in a NE-SW direction and with a width ranging from 100 to 250 m.Eira Thomas, CEO of North Arrow, stated,"The 2025 program demonstrated that the historically underexplored Kraaipan Greenstone Belt hosts gold mineralization in potentially economic concentrations beneath shallow Kalahari sand cover. Our focus in 2026 is to advance the best targets identified last year—beginning with Target A, where RC drilling intersected 30m grading 1.56 g/t Au across a mineralized zone exceeding 700m in strike length. Targets AE, AF, and K are also compelling, with indications of mineralization over strike lengths exceeding 400m and surface samples up to 10.7 g/t Au at Target K. The 2026 program will test these targets with angled RC drilling designed to properly intersect the subvertical structures identified in 2025, while continuing to expand our regional assessment of this underexplored belt. With an approved budget of up to US$ 2.3 million, almost double our investment in 2025, we are well-positioned to build on last year's proof of concept campaign and move toward defining the resource potential of these discoveries."Table 1. Summary of 2025 Follow-up Surface Samples2026 Kraaipan Exploration ProgramThe 2026 Kraaipan program has an approved budget of US$ 2.3 million and will consist of the following elements:A Four-Rotation RC Drilling Campaign (each rotation ~ 3 weeks):Rotation 1 and Rotation 2 – Angled RC drilling to follow up on positive 2025 results at Targets A, AE, AF and K, designed to properly test subvertical structures and mineralization. Approximately 15 to 20 holes are planned per phase at depths of 50 to 60m.Rotation 3 – Vertical RC drilling targeting new regional opportunities in areas of Kalahari cover identified through geophysical and structural interpretation. Between 40 and 60 shallow holes are planned to test the upper 5 to 10m of bedrock.Rotation 4 – Follow-up drilling on the strongest results from earlier rotations, potentially incorporating core drilling on selected targets.Geophysics and Imaging:
High-resolution magnetic surveys will be completed over the remaining approximately 11,000-line kilometres of the property. Remote Mapper UAV geophysical surveys have already been completed in the northeast of the license area. High-resolution drone imaging will be flown over priority areas to support target definition.Geochemistry and Analysis:
Lithogeochemical analysis will continue with a focus on defining and characterizing host rocks to the mineralization. Hyperspectral analysis of over 500 RC chip samples is planned, to assist in interpreting alteration characteristics and augment the broader lithogeochemical studies.Surface Prospecting:
Additional surface prospecting will be conducted along strike extents of the target areas and across northern and southern zones of outcrop and sub-crop with minimal sand cover. Findings from both the 2025 and 2026 sampling campaigns will be used to refine and guide the program on a continuous basis.Rotation 1 Drilling DetailsFollow-up surface rock sampling at Targets AE, AF, and K has been completed, with assay results expected before the end of Q1 2026. Rotation 1 RC drilling will focus on Target A, with up to 20 holes totaling approximately 1,130m planned to test four high-priority areas. The drill plan is designed to characterize the nature of gold mineralization, assess down-dip and along-strike continuity, and better understand the host rock package. Drilling will begin at the northern end of the interpreted 700-metre strike extent, in the vicinity of the 68.5 g/t Au surface sample, before shifting to the southern portion to follow up on the recent 7.99 g/t Au surface result, and concluding in the area of hole KR25-157, which intersected 30m grading 1.56 g/t Au. Mobilization is underway, with drilling expected to commence in the first week of March and run for approximately three weeks, based on drill rates achieved during the 2025 program. Rotation 2 is planned to commence in late April and will focus on Targets K, AE, and AF.2025 Program RecapThe US$1.2 million 2025 program set a high standard for exploration efficiency. North Arrow and partner Rockman Resources undertook:High-resolution UAV and ground magnetic surveys (3,977 line-km) that, in combination with previous survey data, provided high-resolution magnetic coverage of 85% of the property;Completed 175 RC drill holes (4,974 m) over three three-week drill rotations, averaging 3 holes per day;Collected 754 RC samples from bedrock and base of Kalahari, including in-house sample preparation with verified QA/QC protocols.The program resulted in the identification of six gold-anomalous areas for potential follow-up in 2026.In-Country Experience and Proprietary Exploration TechnologyNorth Arrow's partner, Rockman Resources, through its operator Mineral Services, leverages over 25 years of operational experience in Botswana plus proprietary technologies including high-resolution UAV magnetics, a mobile RC drilling platform optimized for Kalahari conditions, in-house sample preparation, and deep machine learning capabilities for target generation.Regional Context: Proven Gold EndowmentThe Kraaipan Project covers the northern extension of the same Archean greenstone belt hosting Harmony Gold's Kalgold Mine, a multi-million-ounce, BIF-hosted gold operation located 40 km to the south that has been in continuous production for over 25 years. As of June 2025: P&P Reserves of 0.618 Moz @ 1.03 g/t Au; Mineral Resource (inclusive) of 2.2 Moz @ 0.93 g/t Au; 2025 production of 39,738 oz at 0.84 g/t; cut-off grade of 0.58 g/t.From Harmony Gold's Mineral Resources and Mineral Reserves, June 2025, page 161. Kalgold production numbers provided for information purposes only and do not suggest similar gold mineralization will be found within the Company's Kraaipan Project.About the Kraaipan Gold ProjectThe Kraaipan Project comprises approximately 724 km² of mineral concessions covering the entire ~60 km northern extension of the Kraaipan Greenstone Belt, a highly prospective Archean greenstone terrain straddling the Botswana–South Africa border. Over 80% of the belt is covered by Kalahari sands, which have limited past exploration. The South African portion of the KGB hosts numerous mineral occurrences including Harmony Gold's Kalgold mine, approximately 40 km south of the Project. North Arrow can earn up to 80% interest in the Kraaipan Gold Project from Rockman through: a First Option (60%) requiring US$5 million over 3 years (US$1 million firm commitment achieved), and a PEA Option (additional 20%) upon completion of a Preliminary Economic Assessment.Sampling, Laboratory Analyses and Quality Assurance/Quality Control (QA/QC)RC and surface rock samples collected in the field were driven to the Mineral Services' facility in Gaborone to be sorted and prioritized for assay. Samples were allocated unique sample numbers, sealed and shipped to ALS's laboratory in Johannesburg, South Africa using industry standard chain of custody protocols. Following an initial coarse crush (CRU-21), the entire sample is then pulverized (PUL-21) to better than 85% passing a 75-micron screen prior to geochemical analysis. All samples are analyzed for gold by fire assay with an ICP-AES finish, method code Au-ICP22 (50-gram sample). Samples returning gold values over 10 ppm are subjected to ore-grade check assays using fire assay and a gravimetric finish using method code Au-GRA22 (50-gram sample). Samples are also subjected to lithium borate fusion and acid digestion for whole-rock analysis of major and trace elements by ICP-AES (major elements) and ICP-MS (trace elements); method codes ME-ICP06 and ME-MS81, respectively. In addition, a suite of base metals and other trace elements not included in the ME-MS81 method are analysed by ICP-AES on four-acid digestions (method code ME-4ACD81).QA/QC protocols include ALS laboratory's own internal quality assurance controls as well as Rockman's field controls, including the insertion of duplicates and blanks, each at a rate of roughly one per 20 samples. QA/QC data are evaluated on receipt for failures, and appropriate action is taken if results for duplicates and blanks fall outside allowed tolerances.About North Arrow Minerals: Vancouver-based exploration company focused on evaluating the Kraaipan Gold Project. Management and advisors bring significant global exploration and mining experience. North Arrow's exploration programs are conducted under the direction of Dr. John Armstrong, Ph.D., P.Geo. (NWT/NU), President and Chief Operating Officer of North Arrow and a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Armstrong has reviewed and approves the contents of this press release. North Arrow Minerals Inc./s/ "Eira Thomas"
Eira Thomas
Chief Executive OfficerWebsite: www.northarrowminerals.comNeither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsThis news release contains "forward-looking statements" including but not limited to statements with respect to North Arrow's plans, the estimation of a mineral resource and the success of exploration activities. Forward-looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not restricted to, the amount of geological data available, the uncertain reliability of drilling results and geophysical and geological data and the interpretation thereof, and the need for adequate financing for future exploration and development efforts. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. The Company assumes no obligation to update forward-looking statements except as required by law.
SOURCE North Arrow Minerals Inc.
Original: NORTH ARROW COMMENCES 2026 EXPLORATION PROGRAM AT KRAAIPAN GOLD PROJECT, BOTSWANA
Ferdenando the Bull
7年前
Well like I said all the insiders are loading up and continue to load.
VANCOUVER, British Columbia, Aug. 07, 2019 (GLOBE NEWSWIRE) -- North Arrow Minerals Inc. (TSXV-NAR) is pleased to provide an update on its Loki Diamond Project, including the sale of 0.5% royalty interests in the Project for $266,000. The Loki Project is located in the Lac de Gras region of the Northwest Territories, approximately 30 km southwest, and 24 km west of the Ekati and Diavik diamond mines, respectively, and immediately adjacent to the west of North Arrow’s LDG Joint Venture Diamond Project with Dominion Diamond Mines.
North Arrow has reached an agreement with Umgeni Holdings International Limited (“Umgeni”) under which Umgeni has agreed to increase its royalty interests in the Loki Project from 1.5% to 2.0% in exchange for payment of $266,000 to North Arrow. The royalties consist of net smelter return royalties on base and precious metals and a gross overriding royalty on diamonds. Umgeni is a private company of which Christopher Jennings, a director of North Arrow, is a beneficiary of the sole shareholder. Closing of the agreement with Umgeni is subject to the receipt of all required regulatory approvals including approval of the TSX Venture Exchange.
North Arrow also announces completion of a summer till sampling program at the Loki Project. A total of 190 samples were collected and are presently being shipped to a laboratory for processing and recovery of kimberlite indicator minerals. Sample results will be used to prioritize targets for ground geophysical surveys and exploration drilling. In addition to the funds raised by the royalty sale to Umgeni, this exploration is also supported by a grant from the Northwest Territories’ Mining Incentive Program.
Ken Armstrong, President and CEO of North Arrow, commented, “Proceeds from the royalty sale announced today, combined with the NWT Mining Incentive Program grant, provide for the non-dilutive financing of continued exploration at the Loki Diamond Project. We believe the Lac de Gras region remains highly prospective for the discovery of new diamond deposits, as highlighted by North Arrow’s recent discoveries of new kimberlites at Loki (April 5, 2018) and the LDG joint venture (July 8, 2019). The current till sampling program has filled some crucial gaps in the Loki Project’s sampling database and the results will be important in prioritizing targets for drilling in the winter of 2020.”
The Loki Diamond Project exploration program is managed and directed by Michael MacMorran, P.Geo. (NWT/NU), Project Geologist of North Arrow. North Arrow’s diamond exploration programs are conducted under the direction of Kenneth Armstrong, P.Geo. (ON), President and CEO of North Arrow and a Qualified Person under NI 43-101. Mr. MacMorran and Mr. Armstrong have reviewed the contents of this press release.