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North Arrow Minerals Reports Exploration Underway, LDG Joint Venture Diamond Project, Lac de Gras, NWT
VANCOUVER, British Columbia, Feb. 27, 2020 (GLOBE NEWSWIRE) -- North Arrow Minerals Inc. (TSXV-NAR) is pleased to report it has been notified that a geophysical
About this update from North Arrow Minerals Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 27, 2020 (GLOBE NEWSWIRE) -- North Arrow Minerals Inc. (TSXV-NAR) is pleased to report it has been notified that a geophysical survey program is underway at the LDG Joint Venture Diamond Project, a prospective 147,200 hectare joint venture property located just south of the Diavik Diamond Mine in the Northwest Territories. These ground geophysical surveys are part of an approved $3.5M 2020 exploration program designed to continue with systematic exploration of the joint venture project including at least 2,000m of drilling to test new targets. The current field program is expected to continue through late spring followed by exploration drilling in late spring or summer. The 2020 exploration program is being fully funded by joint venture partner Dominion Diamond Mines, after which it is expected North Arrow will retain an approximate 18% interest in the project. Dominion is the operator of the joint venture and field operations are managed by Aurora Geosciences Ltd. (Yellowknife, NWT). The contents of this news release have been reviewed by Ken Armstrong, P.Geo. (NWT/NU, ON), President and CEO of North Arrow and a Qualified Person under NI 43-101. About North Arrow Minerals North Arrow is a Canadian based exploration company focused on the identification and evaluation of diamond exploration opportunities in Canada. North Arrow’s management, board of directors and advisors have significant successful experience in the global diamond industry. North Arrow’s most advanced diamond project is the Q1-4 diamond deposit at the Naujaat Project (NU). The Company has discovered and is evaluating kimberlite fields at the Mel (NU) and Pikoo (SK) Projects, is evaluating and exploring for additional kimberlites at the Loki Project (NWT) and, as demonstrated by this press release, has exposure to discovery drilling at the LDG JV Project (NWT) with partner Dominion Diamond Mines. The Company also maintains a 100% interest in the Hope Bay Oro Gold Project (NU), located approximately 3 km north of TMAC Resources’ Doris Gold Mine. North Arrow Minerals Inc. /s/ “Kenneth A. Armstrong”Kenneth ArmstrongPresident and CEO For further information, please contact:Ken Armstrong Tel: 604-668-8355 or 604-668-8354Website: www.northarrowminerals.com Neither the TSX Venture Exchange nor its Regulation Services Prov...