16 October 2017
North Arrow Minerals Inc. is pleased to report the discovery of diamonds at the Company's 100% owned Mel Diamond Project on the Melville Peninsula, Nunavut.
Highlights of this announcement include:
•Diamondiferous kimberlite float, including pieces up to 0.50 m in size, has been identified over a 100 m extent within, and to the north of, a small lake near the up-ice termination of a well-defined kimberlite indicator mineral (KIM) train. This discovery is herein referred to as the ML-8 kimberlite;
•A 62.1 kg sample of the ML-8 kimberlite has returned 23 diamonds larger than the 0.106 mm sieve size, including a single, colourless diamond larger than the 0.85 mm sieve size;
•The ML-8 kimberlite discovery is coincident with an identified airborne magnetic geophysical anomaly that straddles the northern shoreline of the 200 m by 400 m lake;
•A number of additional geophysical targets, coincident with permissive topographic areas, have been identified near the up ice termination of unexplained KIM trains within the property and, along with ML-8, will be drilled tested in 2018.