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North Arrow Minerals Reports Discovery of Diamonds at Mel Project
VANCOUVER, BC--(Marketwired - October 16, 2017) - North Arrow Minerals Inc. (TSX VENTURE: NAR) is pleased to report the discovery of diamonds at the Company's 1
About this update from North Arrow Minerals Inc.
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - October 16, 2017) - North Arrow Minerals Inc. (TSX VENTURE: NAR) is pleased to report the discovery of diamonds at the Company's 100% owned Mel Diamond Project on the Melville Peninsula, Nunavut. Highlights of this announcement include: Diamondiferous kimberlite float, including pieces up to 0.50 m in size, has been identified over a 100 m extent within, and to the north of, a small lake near the up-ice termination of a well-defined kimberlite indicator mineral (KIM) train. This discovery is herein referred to as the ML-8 kimberlite; A 62.1 kg sample of the ML-8 kimberlite has returned 23 diamonds larger than the 0.106 mm sieve size, including a single, colourless diamond larger than the 0.85 mm sieve size; The ML-8 kimberlite discovery is coincident with an identified airborne magnetic geophysical anomaly that straddles the northern shoreline of the 200 m by 400 m lake; A number of additional geophysical targets, coincident with permissive topographic areas, have been identified near the up ice termination of unexplained KIM trains within the property and, along with ML-8, will be drilled tested in 2018. Ken Armstrong, President and CEO of North Arrow commented, \"As we thought possible, detailed prospecting of the well-defined KIM trains at Mel has led to the discovery of kimberlite and diamonds - the second discovery by North Arrow of a diamondiferous kimberlite field in Canada. Delineation and exploration drilling of the ML-8 discovery and other identified targets is now planned for 2018 and will benefit from sharing logistics and infrastructure with North Arrow's ongoing evaluation of the Q1-4 kimberlite at the Naujaat Diamond Project.\" Kimberlite Discovery and Diamond Results The Mel property is located within 18 km of the Arctic Ocean, approximately 140 km south of the Hamlet of Hall Beach and 210 km northeast of the Naujaat Diamond Project. Kimberlite was discovered at Mel during detailed prospecting near the up-ice termination of several KIM trains identified from previous North Arrow till sampling programs (please see North Arrow news release dated February 8, 2017). The kimberlite is heavily moss and lichen covered and has been identified as float and possible subcrop over an approximate 100 m by 10 m extent at the up ice termination of one of the KIM trains. Kimberlite blocks up to 0.50...