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North Arrow Minerals Inc (2)
Symbol NAR
Shares Issued 92,772,458
Close 2018-07-11 C$ 0.20
Market Cap C$ 18,554,492
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North Arrow begins drilling, sampling at Mel

2018-07-12 08:17 ET - News Release

Mr. Kenneth Armstrong reports

NORTH ARROW STARTS EXPLORATION DRILLING PROGRAM AT MEL DIAMOND PROJECT, NUNAVUT

North Arrow Minerals Inc. has begun a summer exploration drilling and till sampling program at the company's 100-per-cent-owned Mel diamond project, Nunavut. An exploration camp is currently being established on the property and ground geophysical surveys are scheduled for the week of July 16, followed by approximately 1,200 metres of drilling. Drilling will better define the diamond-bearing ML8 kimberlite, as well as test a series of targets at the head of several well-defined kimberlite indicator mineral (KIM) trains. A 62.1-kilogram sample of the ML8 kimberlite, discovered by North Arrow in August, 2017, returned 23 diamonds larger than the 0.106-millimetre sieve size, including a single, colourless diamond larger than the 0.85 mm sieve size. Details of the discovery were reported in North Arrow news release No. 17-12 dated Oct. 16, 2017.

Work setting up the Mel exploration camp has commenced. It is located on an esker centrally located on the property.

The till sampling program will include collection of approximately 400 till samples to better evaluate the potential for additional kimberlite discovery within the 56,075-hectare project area. A study of local surficial geology, with a focus on till sample suitability, is now complete, and will be used to plan detailed sampling within existing KIM trains and to evaluate the central project area where very little past sampling has been completed.

The drilling and till sampling programs are expected to be completed by the end of August.

The Mel diamond project drilling and till sampling programs are managed by Michael MacMorran, PGeo (Nunavut, Northwest Territories), project geologist for North Arrow. The company'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.

North Arrow also reports that, pursuant to North Arrow's stock option plan, the company has granted a total of 2,695,000 incentive stock options to directors, officers, employees and consultants to the company. The stock options are exercisable to acquire one common share of North Arrow at 20 cents per share and can be exercised until July 12, 2023.

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 global diamond industry. North Arrow has discovered and is evaluating kimberlite fields at the Mel (Nunavut) and Pikoo (Saskatchewan) projects, is evaluating a newly discovered kimberlite at the Loki project (Northwest Territories), and has exposure to discovery drilling at the LDG joint venture project (Northwest Territories) with partner Dominion Diamonds. The company's most advanced diamond project is the large, well-located Q1-4 diamond deposit at the Naujaat project (Nunavut).

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