VANCOUVER, BC–(Marketwired – September 16, 2015) – North Arrow Minerals Inc. (TSX VENTURE: NAR) is pleased to announce the completion of a till sampling program at its 100% owned Mel Diamond Project in Nunavut. The project area is located less than 10 km from tide water on the Melville Peninsula, approximately 140 km south of the community of Hall Beach and 210 km northeast of the community of Naujaat (Repulse Bay) which is also the location of North Arrow’s Qilalugaq Diamond Project.
A total of 227 till samples were collected in August 2015 as part of a program designed to better define two unsourced kimberlite indicator mineral (KIM) trains. The KIM trains were originally identified from over 500 till samples recorded in public assessment files and the new samples will complement these public data as well as the results from 60 till samples collected by North Arrow in 2013 and 2014. The Mel Project KIM trains are defined by presence of pyrope and eclogitic garnets and magnesium ilmenite and internal interpretations indicate the occurrence of multiple bedrock sources for these grains.
The 2015 till samples are currently en route to Microlithics Laboratories Inc., an independent mineral processing laboratory located in Thunder Bay, Ontario for processing. Results are expected during the winter of 2016 and will be used to help identify potential targets for follow up exploration, including drill testing.
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 Canadian diamond industry. In addition to the Mel Project, North Arrow is also evaluating each of the Pikoo (SK), Qilalugaq (NU), Redemption (NT), Lac de Gras (NT), Mel (NU), Luxx (NU) and Timiskaming (ON/QC) Diamond Projects.
North Arrow’s diamond exploration programs are conducted under the direction of Kenneth Armstrong, P.Geo., President and CEO of North Arrow and a Qualified Person under NI 43-101. Mr. Armstrong has reviewed the contents of this press release.
North Arrow Minerals Inc.
Kenneth Armstrong, President and CEO
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.
For further information, please contact:
Tel: 604-668-8355 or 604-668-8354