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North Arrow Minerals Acquires 100% Interest in LDG Property, NWT
VANCOUVER, British Columbia, June 29, 2023 (GLOBE NEWSWIRE) -- North Arrow Minerals Inc. (TSXV-NAR) (“North Arrow”) reports it has concluded an agreement with A
About this update from North Arrow Minerals Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, June 29, 2023 (GLOBE NEWSWIRE) -- North Arrow Minerals Inc. (TSXV-NAR) (“North Arrow”) reports it has concluded an agreement with Arctic Canadian Diamond Company under which the Lac de Gras joint venture has been terminated and North Arrow has acquired Arctic’s joint venture interest in the Lac de Gras Property, Northwest Territories. As a result, North Arrow retains a 100% interest in the Lac de Gras Property, including responsibility for the fully permitted exploration camp on the property. This summer, North Arrow intends to evaluate the lithium potential of the property, particularly in the area of two spodumene pegmatite showings noted by Geological Survey of Canada mappers in the 1940’s. North Arrow also reports it has agreed to purchase certain exploration data related to historic lithium exploration in the Northwest Territories. North Arrow has agreed to pay the arm’s length vendor 200,000 common shares of North Arrow at a deemed value of $0.065 per share. Issuance of the shares to the vendor is subject to the approval of the TSX Venture Exchange. About North Arrow Minerals North Arrow is a Canadian based exploration company focused on the identification and evaluation of lithium and other exploration opportunities in Canada. North Arrow’s management, board of directors and advisors have significant successful experience in the global exploration and mining industry. North Arrow is evaluating spodumene pegmatites at its 100% owned DeStaffany Lithium Project located on Great Slave Lake in the NWT and is also exploring for lithium in the NWT and Nunavut at the LDG Property, Bathurst Inlet pegmatite field and on Baffin Island and continues work to identify additional lithium exploration opportunities in northern Canada. North Arrow also owns interests in the Naujaat (NU), Pikoo (SK), Mel (NU), and Loki (NWT) Diamond Projects and maintains a 100% interest in the Hope Bay Oro Gold Project, located approximately 3 km north of Agnico Eagle’s Doris Gold Mine, Nunavut. North Arrow’s exploration programs are conducted under the direction of Kenneth Armstrong, P.Geo., President and CEO of North Arrow and a Qualified Person under NI 43-101. Mr. Armstrong has reviewed and approved the technical contents of this press release. North Arrow Minerals Inc. /s/ “Kenneth A. Armstrong”Kenneth Armstro...