18 June 2021
North Arrow reports that kimberlite was not discovered during an exploration drill program at the Loki Project located in the Lac de Gras region of the Northwest Territories. Six holes were completed during the program which tested several gravity anomalies that were explained by significant, locally >5m, ice lenses within glacial overburden ranging from 25 to over 30m in thickness. The prominent kimberlite indicator mineral train that terminates in the Loki area remains unexplained. Overburden samples collected during the program will be processed for indicator minerals to help with ongoing interpretation.
North Arrow is pleased to report it has commenced a short till sampling program on its newly staked CSI Project, Nunavut. The property is located immediately west of the diamondiferous Muskox and Jericho kimberlites, covering an area that could potentially host a bedrock source for regionally anomalous kimberlite indicator mineral samples reported by earlier workers. North Arrow’s till sampling is intended to test new interpretations of surficial geology in the area which could help identify a kimberlite source within the property.
The Loki Diamond Project exploration program is managed 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. (NWT/NU and ON), President and CEO of North Arrow and a Qualified Person under NI 43-101. Mr. MacMorran and Mr. Armstrong have reviewed and approve the technical contents of this press release.