North Arrow Reports 1.82% Li20 Over 4m at the DeStaffany Lithium Project, NWT

28 August 2023

(August 28, 2023) North Arrow Minerals Inc. (TSXV-NAR) (“North Arrow”) is pleased to report channel sample assay results from its 100% owned DeStaffany Lithium Property, Northwest Territories. Highlights include:

  • Results have been received for 68 rock sawn channel samples collected from 20 channels testing four pegmatites.
  • Significant lithium mineralization has been returned from 9 of 14 channels (54 samples) testing a 260m strike extent of the Moose 1 pegmatite, including 1.81% Li2O over 4m and 1.42% Li2O over 4m from channels MS1-1 and MS1-2, respectively.
  • 0.84% Li2O over 4m was returned from Channel MS2-1 in an area of the Moose 2 pegmatite previously mapped as lacking lithium (spodumene) mineralization.
  • The Moose 3 pegmatite returned 1.10% Li2O over 2m, supporting observations of abundant spodumene mineralization at this newly discovered locality.
  • Location and length of individual channels was restricted to available outcrop exposures and do not reflect the full width of each pegmatite. Moose 1 and Moose 2 range up to 11m and over 30m in width, respectively.

Ken Armstrong, President and CEO of North Arrow commented, “Ongoing evaluation work at the DeStaffany property continues to support the significant lithium potential of the Moose pegmatites. Systematic channel sampling of the Moose 1 pegmatite has confirmed extensive zones of spodumene mineralization. Zonation within Moose 1 is very similar in character to the Moose 2 pegmatite, where spodumene mineralization has also been extended southwards into an area that had been previously mapped as unmineralized. We now look forward to receiving results of mineral characterization samples from Moose 1 and Moose 2 that are currently being processed, and North Arrow is also making plans to move forward with a drilling program to test the depth extent and along strike continuity of spodumene mineralization in the Moose 1, 2 and 3 pegmatites.” 

A summary of compiled assays and pegmatite locations can be found in Figure 2 below. Satellite images showing the Moose pegmatites and the channel sample locations are available here.  

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