Trading Symbol: TSXV: NAR
LDG Property,
Highlights of this recently completed program, initially announced in North Arrow news release dated
- Four spodumene-bearing pegmatites have been identified within 5 km of the winter road connecting the Diavik diamond mine, 20 km to the north, with the city of
Yellowknife , and within 1 km of an alternative winter road alignment used in the past. - The pegmatites remain open along strike and have been traced over estimated extents of 300m to >500m, based on interpreted continuity of low-relief outcrop exposures. Individual outcrops range from metre-scale to near continuous exposures over 200m in strike length.
- The pegmatites are interpreted to dip steeply at ~75-80 degrees with estimated widths ranging from 5m to 50m. Widths are poorly constrained by abundant overburden and rarely observed contacts with metasedimentary host rocks.
- Pegmatite mineralogy consists of plagioclase, potassium feldspar, quartz, spodumene, muscovite and tourmaline. Spodumene is abundant in the pegmatites, locally reaching 15-20% of observed outcrops, in some cases with very coarse crystals up to 50 cm in size.
- 51 channel and regional prospecting samples have been submitted to ALS Global in
Yellowknife with results to be reported when received. - Abundant overburden in the area provides significant scope for expanding these showings considerably.
Drilling of North Arrow's 100% owned
North Arrow is a Canadian based exploration company focused on the identification and evaluation of lithium and other exploration opportunities in
/s/ "Kenneth A. Armstrong"
President and CEO
Neither the
This news release contains "forward-looking statements" including but not limited to statements with respect to North Arrow's plans, the estimation of a mineral resource and the success of exploration activities. Forward-looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the successful integration of acquisitions; risks related to general economic and market conditions; closing of financing; the timing and content of upcoming work programs; actual results of proposed exploration activities; possible variations in mineral resources or grade; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; changes in national and local government regulation of mining operations, tax rules and regulations. Although North Arrow has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. North Arrow undertakes no obligation or responsibility to update forward-looking statements, except as required by law.
SOURCE
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