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North Arrow Minerals Updates Naujaat, Pikoo and Loki Diamond Projects
VANCOUVER, British Columbia, Feb. 22, 2022 (GLOBE NEWSWIRE) -- North Arrow Minerals Inc. (TSXV-NAR) (“North Arrow”) is pleased to provide a processing update fo
About this update from North Arrow Minerals Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 22, 2022 (GLOBE NEWSWIRE) -- North Arrow Minerals Inc. (TSXV-NAR) (“North Arrow”) is pleased to provide a processing update for its Naujaat Diamond Project bulk sample, and to report kimberlite indicator mineral (KIM) results from samples collected in 2021 from its 100% owned Pikoo and Loki Diamond Projects. Naujaat Diamond Project, Nunavut Processing and diamond recoveries from the 2021 bulk sample are ongoing, with Dense Media Separation (DMS) processing of the nominal 2,000 tonne sample approximately 47% complete. As noted in news release dated December 16, 2021, final diamond recoveries are being completed at the Saskatchewan Research Council (SRC) Diamond laboratory using X-Ray Transmission (XRT) optical sorting technology to recover diamonds larger than 2 mm in size. SRC is the first commercial diamond laboratory to integrate XRT recovery technology into their processing circuit, an important development as optical sorting has rapidly become the primary diamond recovery process at operating diamond mines. The $5.6M bulk sample program is being funded by 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 sample can be found in North Arrow’s news release dated August 19, 2021. Pikoo Diamond Project, Saskatchewan During October 2021, North Arrow collected 25 targeted till samples from the Pikoo Project, Saskatchewan (see news release September 28, 2021 for details). Anomalous KIM results from these samples, including kimberlitic pyrope garnet, ilmenite and chromite, have confirmed unsourced KIM trains in the North Pikoo and South Lovell target areas. At North Pikoo, very high KIM counts, in excess of hundreds of grains, were returned from three samples near the head of an existing KIM train and, perhaps more importantly, a series of barren samples collected up ice from the target area indicate the train is very well defined. Anomalous sample results from the South Lovell target area, ranging from 6 to 22 KIMs including pyrope garnet, eclogitic garnet, ilmenite and chromite, have confirmed an unsourced KIM train in this region of the property. The North Pikoo and South Lovell KIM trains confirm that undiscovered...