North Arrow Updates Loki and CSI Diamond Projects
2021年6月18日 - 9:00PM
North Arrow Minerals Inc. (TSXV-NAR)
(“
North Arrow”) is providing an exploration update
on its 100% owned Loki and CSI Diamond Projects.
North Arrow reports that kimberlite was not
discovered during an exploration drill program at the Loki
Project located in the Lac de Gras region of the Northwest
Territories. Six holes were completed during the program which
tested several gravity anomalies that were explained by
significant, locally >5m, ice lenses within glacial overburden
ranging from 25 to over 30m in thickness. The prominent kimberlite
indicator mineral train that terminates in the Loki area remains
unexplained. Overburden samples collected during the program will
be processed for indicator minerals to help with ongoing
interpretation.
North Arrow is pleased to report it has
commenced a short till sampling program on its newly staked
CSI Project, Nunavut. The property is located
immediately west of the diamondiferous Muskox and Jericho
kimberlites, covering an area that could potentially host a bedrock
source for regionally anomalous kimberlite indicator mineral
samples reported by earlier workers. North Arrow’s till sampling is
intended to test new interpretations of surficial geology in the
area which could help identify a kimberlite source within the
property.
The Loki Diamond Project exploration program is
managed 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. (NWT/NU
and ON), President and CEO of North Arrow and a Qualified Person
under NI 43-101. Mr. MacMorran and Mr. Armstrong have reviewed and
approve the technical contents of this press release.
About North Arrow Minerals
North Arrow is a Canadian based exploration
company focused on the identification and evaluation of diamond
exploration opportunities in Canada. North Arrow’s management,
board of directors and advisors have significant successful
experience in the global diamond industry. North Arrow’s most
advanced diamond project is the Q1-4 diamond deposit at the Naujaat
Project (NU), where funding is in place for a $5.6M 2,000 tonne
bulk sample in 2021. The Company has also discovered and is
evaluating kimberlite fields at the Mel (NU) and Pikoo (SK)
Projects and is evaluating and exploring for additional kimberlites
at the Loki and LDG JV Projects (NWT). The Company also maintains a
100% interest in the Hope Bay Oro Gold Project (NU), located
approximately 3 km north of Agnico Eagle’s Doris Gold Mine.
North Arrow Minerals Inc.
/s/ “Kenneth A. Armstrong”Kenneth
ArmstrongPresident and CEO
For further information, please contact:Ken
Armstrong Tel: 604-668-8355 or 604-668-8354Website:
www.northarrowminerals.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.
This 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, including but not limited to: risks
related to the successful integration of acquisitions; risks
related to general economic and market conditions; closing of
financing; the timing and content of upcoming work programs; actual
results of proposed exploration activities; possible variations in
mineral resources or grade; failure of plant, equipment or
processes to operate as anticipated; accidents, labour disputes,
title disputes, claims and limitations on insurance coverage and
other risks of the mining industry; changes in national and local
government regulation of mining operations, tax rules and
regulations. Although North Arrow has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking statements,
there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that
such statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking statements. North Arrow undertakes no
obligation or responsibility to update forward-looking statements,
except as required by law.
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