North Arrow Minerals Inc. has commenced a summer exploration programme at its 100% owned Loki Diamond Project in the Lac de Gras region of the Northwest Territories, the Company said.   

The Loki Project lies approximately 30 km southwest, and 24 km west of the Ekati and Diavik diamond mines, respectively; and is immediately adjacent to the west of North Arrow’s LDG Joint Venture Diamond Project with Dominion Diamond Mines.

“This three-week programme will consist of prospecting, till sampling, and ground geophysics to confirm and prioritise targets for follow up exploration drilling in the winter of 2020,” the Company said in its announcement statement. “This exploration is supported, in part, by a grant from the Northwest Territories’ Mining Incentive Program.”

Ken Armstrong, President and CEO of North Arrow, commented: “In 2018 North Arrow discovered kimberlite 465 on the Loki Project. At the time, (it was) the first new kimberlite discovery in the Lac de Gras region in over 5 years. Since then, the pace of discovery in the region has increased with the reported discovery of at least seven more kimberlites, including last week’s announcement of kimberlite in the first hole of a drilling programme at North Arrow’s LDG Joint Venture Diamond Project with partner Dominion Diamond Mines.”

He stressed that the recent discoveries show “that this important diamond district remains highly prospective for the discovery of new diamond deposits”.