May 21, 2019
North Arrow Minerals Inc. (TSXV-NAR) is pleased to report it has been notified by joint venture partner and operator Dominion Diamond Mines that a spring geophysics program is complete and planning is underway for renewed exploration drilling at the LDG Joint Venture Diamond Project, Northwest Territories.
Ground geophysical coverage consisted of 13 total grids, including magnetic (11 grids; 465 line km), gravity (9 grids; 2,100 stations) and OhmMapper resistivity (5 grids; 90 line km) surveys. All of the surveyed target areas are associated with anomalous kimberlite indicator mineral results from till samples collected during reverse circulation overburden drilling programs completed in 2018 and earlier. A full evaluation of the geophysical survey results and drill target selection is underway, however it is expected that drilling will include testing of a target from Grid 4 defined by an OhmMapper resistivity anomaly coincident with gravity and magnetic lows located adjacent to a diabase dyke.
Drilling is expected to commence in July as part of a $2.8M 2019 exploration program designed to focus on kimberlite discovery in this prospective 147,200 hectare joint venture property located adjacent to the south of the Diavik diamond mine. The 2019 exploration program is being fully funded by Dominion after which it is expected North Arrow will retain an approximate 21% interest in the project.
Dominion is the operator of the joint venture and field operations are being managed by Aurora Geosciences of Yellowknife NWT. The contents of this news release have been reviewed by Ken Armstrong, P.Geo. (ON), President and CEO of North Arrow and a Qualified Person under NI 43-101.
