17 September 2020
North Arrow Minerals Inc. is pleased to announce the commencement of a ground gravity survey program at its 100% owned Loki Diamond Project in the Lac de Gras region of the Northwest Territories, approximately 40 km west, and 35 km southwest of the Diavik and Ekati diamond mines, respectively, and immediately adjacent to the west of North Arrow's LDG Joint Venture Diamond Project with Dominion Diamond Mines. The program will focus on priority magnetic and topographic targets located in the north Loki target area. This exploration is supported, in part, by a grant from the Northwest Territories Mining Incentive Program.
A total of five discrete kimberlite occurrences have been discovered to date within the Loki Project area, all of which have been confirmed as diamond bearing. The most recent discovery (kimberlite 465) was made by North Arrow in 2018 (see news release April 5, 2018). Geochemical and petrographic analysis of 465 found that the kimberlite did not contain the type and abundance of KIMs recovered from heavy mineral samples collected at surface. The north Loki target area, where ground surveys are underway, is located closer to and in line with the up-ice termination of these anomalous till samples, which include pyrope and eclogitic garnet derived from the diamond stability field of the earth's mantle.
The Loki Diamond Project exploration program is managed and directed by Michael MacMorran, P.Geo. (NWT/NU), Project Geologist of North Arrow. North Arrow's diamond exploration programs are conducted under the direction of Kenneth Armstrong, P.Geo. (ON and NWT/NU), President and CEO of North Arrow and a Qualified Person under NI 43-101. Mr. MacMorran and Mr. Armstrong have reviewed and approve the contents of this press release.