North Arrow reports start of drill program at LDG joint venture diamond project, Lac de Gras, NWT
4 July 2019
North Arrow Minerals Inc. is pleased to report it has been notified by joint venture partner and operator Dominion Diamond Mines that mobilization is underway for the summer field program, including exploration drilling, at the LDG Joint Venture Diamond Project, Northwest Territories.
Summer exploration work is scheduled to include LIDAR surveying, till suitability mapping and sampling and approximately 1,000m of exploration drilling. Drill crews are to mobilize to camp this week. Drilling will commence shortly thereafter, testing two target areas delineated during the recently completed spring geophysics campaign, including the Grid 4 target defined by an OhmMapper resistivity anomaly coincident with gravity and magnetic lows located adjacent to a diabase dyke (see image below).
The summer exploration program is expected to run through to the end of July and is 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 based in 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.