5 August 2014
August 5, 2014
North Arrow Minerals Inc. (TSXV-NAR) (“North Arrow”) is pleased to provide an update on the ongoing 1,500 tonne bulk sampling program at the Qilalugaq Diamond Project located near the hamlet of Repulse Bay (Naujaat), Nunavut. The intent of the program is to recover a diamond parcel of approximately 500 carats for the purpose of determining an initial value estimate for the diamonds in the Q1-4 kimberlite. North Arrow is funding the bulk sampling program as part of an option agreement with Stornoway Diamond Corporation (TSX-SWY; “Stornoway”).
The 2014 bulk sample program involves the collection of approximately 1,500 tonnes from the 12.5 hectare Q1-4 kimberlite, located seven kilometres from tidewater on the Arctic Ocean and nine kilometres from Repulse Bay. The sample is being collected by surface trenching of an area of Q1-4 where there is limited (<1m) overburden cover (see short YouTube video). In 2007, Stornoway collected (from hand dug pits) a 20.3 tonne sample from this same area and recovered 6.1 carats of diamonds for a sample grade of 30 carats per hundred tonnes (“cpht”).