22 March 2016
March 22, 2016
TSXV-NAR
North Arrow Minerals Inc. (TSXV-NAR) is pleased to announce that ground geophysical surveys and drilling are underway at the Redemption Diamond Project, Northwest Territories. The Redemption Diamond Project is located in the Lac de Gras region of the Northwest Territories, approximately 32 km southwest, and 47 km west of the Ekati and Diavik diamond mines, respectively. Ground geophysical surveys will be completed this week and drilling is expected to continue through to the end of April, 2016. Drilling is focused on the discovery of a kimberlite bedrock source to the South Coppermine indicator mineral train.
North Arrow is exploring the Redemption property under an option agreement with Arctic Star Exploration Corp. (TSXV-ADD), under which North Arrow can earn a 55% interest by incurring $5 million in exploration expenditures prior to July 1, 2017.