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North Arrow Minerals Inc (2)
Symbol NAR
Shares Issued 76,155,741
Close 2018-03-28 C$ 0.225
Market Cap C$ 17,135,042
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North Arrow recovers 153 diamonds from Naujaat's A61

2018-03-28 08:22 ET - News Release

Mr. Kenneth Armstrong reports

NORTH ARROW REPORTS ADDITIONAL DIAMOND RESULTS FROM Q1-4 KIMBERLITE NAUJAAT DIAMOND PROJECT, NUNAVUT

North Arrow Minerals Inc. has provided final diamond recoveries from composite mini-bulk samples of four units within the Q1-4 kimberlite at the Naujaat diamond project, Nunavut. Final diamond recoveries are summarized in the attached table.

  
 
                NUMBER OF DIAMONDS PER SIEVE SIZE (MM SQUARE MESH SIEVE)        

                      Sample                                                              Total   
                      weight   0.300   0.425   0.600   0.850  1.18  1.70  2.36  Total    carats  
Q1-4 kimberlite unit  dry kg  -0.425  -0.600  -0.850  -1.180 -1.70 -2.36 -3.35 stones  +0.85 mm

A61                  1,425.1       8      60      45      33     4     3     0    153     0.678   
A48a                 1,086.5       3      35      37      16     1     3     0     95     0.421   
A28                  2,192.5       0      29      40      10     9     2     1     91     0.679   
A88                    470.0       0       2       7       4     0     0     0     13     0.042   

The samples reported in this release were collected as part of the 2017 delineation drill program, details of which were reported in a North Arrow news release dated Sept. 12, 2017. The samples were composited from drill core in the field based on observed lithological units and submitted for processing using a combined dense media separation/caustic fusion process intended to recover diamonds greater than 0.425 millimetre. The largest diamond was recovered from unit A28 and weighs 0.25 carat. The purpose of these composite samples is to provide diamond recovery information to supplement results from smaller drill core samples submitted for microdiamond (caustic fusion) analyses, including recovery of diamonds greater than 0.106 mm. The diamond recoveries reported in this news release will be used to support incoming microdiamond sample results expected over the next eight weeks.

The diamond results reported in this release are based on dense media separation (DMS) and caustic fusion processing and diamond extraction work completed by Microlithics Laboratories, Thunder Bay, Ont., and I&M Morrison Geological Services Ltd., Delta, B.C., both independent mineral process and sorting laboratories. The samples were processed at Microlithics through a 1.5-tonne-per-hour DMS plant configured to recover diamonds retained on an over 0.425 mm square mesh sieve. Crushed kimberlite drill core was fed directly into the DMS plant. All plus 10 mm material was subsequently reduced through staged, secondary jaw and cone crushing circuits and reintroduced into the plant. DMS concentrates were upgraded by caustic fusion processes and the resultant residues were shipped to I&M Morrison where they were sieved and fractions retained on a plus 0.425 mm Tyler (square mesh) sieve were sorted for diamonds. Some sieved fractions were further upgraded using paramagnetic separation techniques prior to diamond extraction. Quality assurance protocols, security and actual operating procedures for the processing, transport and recovery of diamonds conform to industry standard chain of custody provisions. Ninety-seven point two per cent of inserted synthetic diamond spikes were recovered during processing and diamond extraction, including cleanup materials. As part of North Arrow's continuing quality assurance/quality control programs, DMS tails, sorted caustic fusion residues and other materials are subject to audit. Any significant changes in recovered diamond contents will be reported when available.

North Arrow's diamond exploration programs are conducted under the direction of Kenneth Armstrong, PGeo (Ontario), president and chief executive officer of North Arrow and a qualified person under National Instrument 43-101. Mr. Armstrong has reviewed the contents of this press release.

About North Arrow Minerals Inc.

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 advisers have significant successful experience in the Canadian diamond industry. In addition to evaluating the Naujaat project, North Arrow is also conducting exploration drilling programs this spring at the Loki and LDG projects in the Northwest Territories and planning to drill test newly discovered diamondiferous kimberlite at the Mel project (Nunavut). The company is also awaiting till sample results from its Pikoo (Saskatchewan) project and maintains a 100-per-cent interest in the Hope Bay Oro gold project (Nunavut), located approximately three kilometres north of TMAC Resources' new Doris gold mine.

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