May 23, 2019

Ground Geophysics Programme Complete at LDG Joint Venture Diamond Project in NWT Reports North Arrow

North Arrow Minerals Inc. a joint venture partner with Dominion Diamond Mines (which is also the operator) of LDG Joint Venture Diamond Project  in the Northwest Territories, has reported that a spring geophysics programme has been completed. The Company added that planning is underway for “renewed exploration drilling” at the site.

“Ground geophysical coverage consisted of 13 total grids, including magnetic (11 grids; 465 line km), gravity (9 grids; 2,100 stations) and OhmMapper resistivity (5 grids; 90 line km) surveys,” North Arrow said providing the details. “All of the surveyed target areas are associated with anomalous kimberlite indicator mineral results from till samples collected during reverse circulation overburden drilling programs completed in 2018 and earlier.”

The Company said that currently, a full evaluation of the geophysical survey results and drill target selection is underway. However, North Arrow says, it is expected that drilling will include testing of a target from Grid 4 defined by an OhmMapper resistivity anomaly coincident with gravity and magnetic lows located adjacent to a diabase dyke.

“Drilling is expected to commence in July as part of a $2.8M 2019 exploration programme designed to focus on kimberlite discovery in this prospective 147,200 hectare joint venture property located adjacent to the south of the Diavik Diamond Mine,” North Arrow revealed. “The 2019 exploration programme is being fully funded by Dominion after which it is expected North Arrow will retain an approximate 21% interest in the project.”

While Dominion is the operator of the joint venture, field operations at the site are being managed by Aurora Geosciences of Yellowknife NWT.