12 October 2023
On October 12, North Arrow Minerals Inc. (TSXV-NAR) announced the discovery of new spodumene mineralized pegmatites at its 100% owned LDG and MacKay Lithium Projects in the Northwest Territories. Highlights of recently completed field work include:
Ken Armstrong, President and CEO of North Arrow commented, “Recent exploration of North Arrow’s LDG and MacKay Lithium Projects has resulted in the discovery of new spodumene mineralization at both properties and increased our confidence in the size potential of this new spodumene-bearing lithium pegmatite field. Ground magnetic, high-resolution drone imagery and bedrock mapping surveys will significantly aid in ongoing interpretation and modelling of priority pegmatites, including planning for exploration drilling in 2024.”
Field work on the LDG property focused on lithium pegmatites in the SD2 and SD4 areas where earlier sampling returned assays of up to 1.7% Li2O and 2.1% Li2O, respectively (please see North Arrow news release dated September 18, 2023 for details). In both areas, extensive overburden limits the number and extent of pegmatite exposures, however ground geophysical surveys indicate magnetic correlations with pegmatite outcrops extend beneath overburden along the interpreted strike of these bodies. At SD2, in addition to the main, previously discovered, 500m long spodumene pegmatite, new mapping has identified at least three additional subparallel pegmatites in the area, including one sub-cropping exposure, over 100m long, hosting visually identified spodumene mineralization.
On the MacKay property, the MK3 spodumene pegmatite was discovered approximately 4.5 km from the MK1 pegmatite from which 10 of 12 rock samples collected to date have returned in excess of 1.1% Li2O, including a high assay of 3.7% Li2O (please see North Arrow news releases dated September 20, 2023 and August 14, 2023 for details). MK3 is a prominent 15 to 20m wide, white pegmatite exposure traced near continuously along strike for approximately 130m. Visually identified 2-30cm long spodumene crystals are present throughout the exposure, and the pegmatite remains open in one direction where it extends beneath extensive overburden.