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North Arrow Minerals Reports Naujaat Project Bulk Sample Processing is Underway
VANCOUVER, British Columbia, Oct. 26, 2021 (GLOBE NEWSWIRE) -- North Arrow Minerals Inc. (TSXV-NAR) (“North Arrow”) reports the start of processing of a 2,000 t
About this update from North Arrow Minerals Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, Oct. 26, 2021 (GLOBE NEWSWIRE) -- North Arrow Minerals Inc. (TSXV-NAR) (“North Arrow”) reports the start of processing of a 2,000 tonne bulk sample from its Naujaat Diamond Project, NU. The 2,500 bag sample was collected from the Q1-4 kimberlite in July and August and arrived in Montreal on October 6, 2021. As of October 22, approximately one third of the sample has been delivered to the Saskatchewan Research Council Geoanalytical Laboratory in Saskatoon, SK. The balance of the sample is expected to be delivered over the next several weeks. Dense media separation (DMS) processing of the sample is underway. The recovered diamond parcel is intended to confirm the size distribution and character of an important population of potentially high-value, fancy yellow to orange yellow diamonds. Diamond recoveries are expected to be reported in stages as processing is completed on each of five subsamples. Ken Armstrong, President and CEO of North Arrow commented, “The start of bulk sample processing is an important milestone for the Naujaat Project. The purpose of this sample is to confirm that a unique population of fancy yellow to orange yellow diamonds extend into coarser diamond sizes. The quality of these diamonds will also be very important as we believe these fancy coloured diamonds will be a key value driver for potential future development of the Q1-4 deposit.” The $5.6M bulk sample program is funded by partner Burgundy Diamond Mines (ASX-BDM), as part of a June 1, 2020 option agreement under which Burgundy may earn a 40% interest in the Naujaat Project by funding the current bulk sample program. Further details on the collection of the bulk samples can be found in North Arrow’s news release dated August 19, 2021. About the Naujaat Project The Naujaat Project is located near the community of Naujaat, Nunavut. A total of eight kimberlite pipes have been identified within the Project as well as several laterally extensive kimberlite dyke systems. The Q1-4 kimberlite, located just 7 km from the Company’s laydown near the community, is the largest and most diamondiferous of the kimberlites discovered to date and hosts an important, potentially high-value, population of Type IaA - Ib fancy coloured, yellow to orange yellow, diamonds. At 12.5 ha in surface area, Q1-4 hosts an estimated inferred mineral reso...