North Arrow Commences 2014 Exploration at the Pikoo Diamond Project, Saskatchewan
28 Maio 2014 - 10:00AM
Marketwired
North Arrow Commences 2014 Exploration at the Pikoo Diamond
Project, Saskatchewan
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 28, 2014) -
North Arrow Minerals Inc. (TSX-VENTURE:NAR) is pleased to announce
the start of 2014 exploration at the Pikoo Diamond Project in
central eastern Saskatchewan. A four week program is underway that
will include of the collection of approximately 400 bulk till
samples to help define kimberlite indicator mineral (KIM) trains
within the 33,000 ha property.
In 2013, exploration of the Pikoo Project was tremendously
successful, with the discovery of a new diamondiferous kimberlite
district in Canada. Initial exploration drilling on the property
resulted in the discovery of kimberlite in 9 of 10 drill holes. A
209.7 kg sample from the PK150 kimberlite returned 23 diamonds
larger than the 0.85 mm sieve class and having a total combined
weight of 0.2815 carats (please see North Arrow news release dated
November 5, 2013 for complete details of these diamond results).
The 2013 program confirmed the Pikoo Project area is highly
prospective for the discovery of diamond bearing kimberlites and
that drilling success rates can be very high when testing targets
with well-defined kimberlite indicator mineral ("KIM") support.
The 2014 exploration program has therefore been designed to
better define KIM anomalies and will come close to doubling the
total number of till samples within the property. Sampling will
evaluate selected potential kimberlite targets and will also
provide more detailed regional coverage of the eastern portion of
the property where numerous positive till samples are located but
the current sample density is insufficient to define individual KIM
trains. Till samples will be processed through July and August and
results used to plan follow up exploration, potentially including
drilling, in the fall 2014 and winter/spring 2015.
The 2014 Pikoo exploration program is being conducted with
Stornoway Diamond Corporation (TSX:SWY) under an 80% (North Arrow)
/ 20% (Stornoway) participating joint venture arrangement. North
Arrow's diamond exploration programs are conducted under the
direction of Kenneth Armstrong, P.Geo., President and CEO of North
Arrow and a Qualified Person under NI 43-101. Mr. Armstrong has
reviewed the contents of this press release.
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 Canadian diamond industry. In addition to the Pikoo Project,
North Arrow is planning the collection of a 1,500 tonne bulk sample
from the Q1-4 kimberlite at its Qilalugaq (NU) Project and is also
evaluating each of the Redemption (NWT), Lac de Gras (NWT), Mel
(NU), Luxx (NU) and Timiskaming (ON/QC) Diamond Projects.
North Arrow Minerals Inc.
Kenneth Armstrong, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy of
this release.
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.
North Arrow Minerals Inc.Ken Armstrong604-668-8355 or
604-668-8354www.northarrowminerals.com
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