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North Arrow Minerals Completes 2017 Summer Drilling and Sampling Program at Q1-4 Kimberlite, Naujaat Diamond Project
VANCOUVER, BC--(Marketwired - September 12, 2017) - North Arrow Minerals Inc. (TSX VENTURE: NAR) is pleased to announce it has completed its 2017 summer drillin
About this update from North Arrow Minerals Inc.
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - September 12, 2017) - North Arrow Minerals Inc. (TSX VENTURE: NAR) is pleased to announce it has completed its 2017 summer drilling and mini-bulk sampling program at the Q1-4 kimberlite at the Company's 100% owned Naujaat (now-yat; formerly Qilalugaq) Diamond Project, Nunavut. The program focused on delineation drilling and mini-bulk sampling of the twelve hectare Q1-4 kimberlite, one of the largest undeveloped diamond resources in Canada which also contains a significant population of extremely rare, potentially high value, fancy intense to vivid orangey yellow diamonds as certified by the Gemological Institute of America and Canadian Gem Labs. The Q1-4 kimberlite hosts a total Inferred Mineral Resource of 26.1 million carats from 48.8 million tonnes with an average +1 DTC total diamond content of 53.6 carats per hundred tonnes (cpht) extending from surface to a depth of 205 m (-135 metres above sea level (masl)). The summer program, which was initiated in early July, was completed on time and on budget earlier this month and represents the first phase of a larger planned program to better define the size, grade and diamond content of the Q1-4 kimberlite in support of an economic assessment. The deposit is well located, only 9 km from tidewater and work was conducted directly from the Hamlet of Naujaat, allowing the program to be completed cost effectively without the need for a remote exploration camp. Program Highlights: $2 million 2017 summer field program completed on time and on budget including fuel and drilling resupply for 2018; a further $1 million is earmarked for laboratory costs. 3,469 m of drilling completed in 11 holes confirms overall size of the Q1-4 body and better defines the size and shape of the kimberlite at depth. Drilling has yielded 2,440 m of kimberlite core which will be used for petrography, indicator and microdiamond analysis and will contribute to a new geological model planned for 2018. Drilling between 205 and 305 m below surface (-135 to -235 masl) confirms or expands previous interpretations of overall pipe geometry with the potential to add significant mineral resources below 205 m (-135 masl). The estimated surface area of the kimberlite at 305 m depth below surface (-235 masl) is at least 5 ha and the body remains completely open to depth with the deepest dr...