North Arrow and Dominion discover kimberlite, LDG joint venture diamond project, Lac de Gras, NWT
8 July 2019
North Arrow Minerals Inc. is pleased to report it has been notified by joint venture partner and operator Dominion Diamond Mines that kimberlite has been discovered in the first drill hole of the summer exploration drilling program at the LDG Joint Venture Diamond Project, Northwest Territories.
The drill hole (2700 /-450) was oriented to test an OhmMapper resistivity anomaly coincident with gravity and magnetic lows. The hole intersected kimberlite at approximately 40m down hole and remains in kimberlite at approximately 64m downhole with drilling still underway. A more detailed description of the kimberlite will be forthcoming upon completion of the program. For more details, please see the image and description for 'Grid 4 target' in North Arrow's news release dated July 4, 2019.
The ongoing drilling is part of a summer work program scheduled to also include LIDAR surveying, prospecting, till suitability mapping and sampling. The 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.