North Arrow Minerals Inc (NAR) News

NHAWF: effective Sept. 17,2024 a one for 10 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

well well, here we are with a gold play. Its real, and that is what is driving this stock IMHO at the moment.

No one seems to give a chit about diamonds. Gren is a home run hitter in this field. The colored are exceptional....like $3500 a carat

Where they want to take it nobody but Thomas knows 4 sure

Huge move....wonder if the colored diamond count was off the chart, or is this the gold property.

Thin and no stock insiders hold it all.

Interesting

Huge move....wonder if the colored diamond count was off the chart, or is this the gold property.

Interesting

Keep eye on volume. This stock is super thin.

Bulk sample I believe has been taken and is being processed. We have a earn in partner now shouldering the costs
This group of pipes is interesting. Colors are unique and rare.

LOOKS LIKE NORTH ARROW WILL HAVE A ROAD! Bulk sample and time line on track.

Onsite Engineering Ltd routing, design and potential construction of the trail, Ecologic Consultants Ltd. permitting and environmental studies and North Arrow Minerals funding for Onsite and Ecologics pre-construction work on the trail. Studies have been completed on about 11km of the proposed 15km trail. The last 4 km are scheduled to be studied in May-June 2019. Measurements of all water crossings will also be taken at that time. It will take about two months of construction time to build the trail. The proposed start date is September 2019 with completion planned for 2020. All construction activities will be staged in Naujaat. Building of access trail would provide two main environmental benefits: 1 less damage of tundra and wetlands: the existing ATV trail is very wide in some wet areas, as drivers try to find the driest possible routes. This disturbs more tundra than necessary; and 2 proper bridges and culverts will make stream crossings safer and will reduce impacts on the water quality, fish, and vegetation. Construction of this community access trail will create near-term local employment and will benefit Naujaat businesses. Construction related jobs offer potential experience and training in areas such as surveying, equipment operation, environmental monitoring, and archaeological monitoring. If the trail is built the community will gain access to sources of gravel and carving stone and will have safer and easier access to the land for traditional activities. There would be additional employment, training and business opportunities related to North Arrows work on the Q1-4 diamond deposit, tourism, and education.

Well like I said all the insiders are loading up and continue to load.

VANCOUVER, British Columbia, Aug. 07, 2019 (GLOBE NEWSWIRE) -- North Arrow Minerals Inc. (TSXV-NAR) is pleased to provide an update on its Loki Diamond Project, including the sale of 0.5% royalty interests in the Project for $266,000. The Loki Project is located in the Lac de Gras region of the Northwest Territories, approximately 30 km southwest, and 24 km west of the Ekati and Diavik diamond mines, respectively, and immediately adjacent to the west of North Arrow’s LDG Joint Venture Diamond Project with Dominion Diamond Mines.

North Arrow has reached an agreement with Umgeni Holdings International Limited (“Umgeni”) under which Umgeni has agreed to increase its royalty interests in the Loki Project from 1.5% to 2.0% in exchange for payment of $266,000 to North Arrow. The royalties consist of net smelter return royalties on base and precious metals and a gross overriding royalty on diamonds. Umgeni is a private company of which Christopher Jennings, a director of North Arrow, is a beneficiary of the sole shareholder. Closing of the agreement with Umgeni is subject to the receipt of all required regulatory approvals including approval of the TSX Venture Exchange.

North Arrow also announces completion of a summer till sampling program at the Loki Project. A total of 190 samples were collected and are presently being shipped to a laboratory for processing and recovery of kimberlite indicator minerals. Sample results will be used to prioritize targets for ground geophysical surveys and exploration drilling. In addition to the funds raised by the royalty sale to Umgeni, this exploration is also supported by a grant from the Northwest Territories’ Mining Incentive Program.

Ken Armstrong, President and CEO of North Arrow, commented, “Proceeds from the royalty sale announced today, combined with the NWT Mining Incentive Program grant, provide for the non-dilutive financing of continued exploration at the Loki Diamond Project. We believe the Lac de Gras region remains highly prospective for the discovery of new diamond deposits, as highlighted by North Arrow’s recent discoveries of new kimberlites at Loki (April 5, 2018) and the LDG joint venture (July 8, 2019). The current till sampling program has filled some crucial gaps in the Loki Project’s sampling database and the results will be important in prioritizing targets for drilling in the winter of 2020.”

The Loki Diamond Project exploration program is managed and directed by Michael MacMorran, P.Geo. (NWT/NU), Project Geologist of North Arrow. North Arrow’s diamond exploration programs are conducted under the direction of Kenneth Armstrong, P.Geo. (ON), President and CEO of North Arrow and a Qualified Person under NI 43-101. Mr. MacMorran and Mr. Armstrong have reviewed the contents of this press release.

Your right, insiders taking bulk of shares down. If Dominion goes to mine NA property maybe that could generate cash but that too would be a ways out in the future. They did wait until after they announced intersection of Kimberlite BEFORE the last PP.
I remember the days of the first discoveries where kimberlite intersections would send a stock flying....I think this went down!
I think Naujaat could be a very special set of pipes.

no cash, high capex. I would expect at least 200 million shares to be released before production starts, where else would the money come from?

Dominion and North Arrow hit kimberlite south of Ekati.

Interesting as Dominion is run by Rory Moore and Gren is main player in North Arrow who founded Aber ...Rory was on the drill rig at Aber (now Diavek mine) when it intersected Kimberlite and brought a diamond to the surface. He told me that story!

I knew this had a great chance of being the next mine for Dominion. There is still a lot of work left but I'll stake my claims with the people who I have met and have been successful. Relationships and ties mean a lot.

You got some real guys who know diamonds North Arrows board is amazing.

Stay tuned as there is more there, Chris Jennings sits on this board but has ownership with Stu Blussom (founder of Ekati)in pipes that New Nadina has control of close by. They NNADF may not have the resources to move the project forward but if Blussom and Jennings are tied to it something is there.

As far as North Arows other projects NAUJAAT I think home run...the stones are beautiful and rare with the Argyle closing down colored stones are going to pop. These are yellows, oranges, intense in color and beautiful...(no pinks to purple like the Argyle) I have looked for similar colors there are fetching 15k for a cut and polished .70 carat with exponential increase to a carat and above.

May 21, 2019

North Arrow Minerals Inc. (TSXV-NAR) is pleased to report it has been notified by joint venture partner and operator Dominion Diamond Mines that a spring geophysics program is complete and planning is underway for renewed exploration drilling at the LDG Joint Venture Diamond Project, Northwest Territories.

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. 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. A full evaluation of the geophysical survey results and drill target selection is underway, however 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 program 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. The 2019 exploration program is being fully funded by Dominion after which it is expected North Arrow will retain an approximate 21% interest in the project.

Dominion is the operator of the joint venture and field operations are being managed by Aurora Geosciences of Yellowknife NWT. The contents of this news release have been reviewed by Ken Armstrong, P.Geo. (ON), President and CEO of North Arrow and a Qualified Person under NI 43-101.

Interesting read....FTC warns on Lab created diamonds.

https://finance.yahoo.com/news/leonardo-di-capriobacked-labgrown-diamond-company-others-welcome-ftc-warning-121212828.html

North Arrows pipes in Naujaat have some very nice prized colors...they need size and grade in this diamond market. If anyone has a chance for a new diamond mine it this company. JMHO.

So in October there was a 552 pale yellow diamond pulled out of the Diavek mine. Dominion sold out their working interest and shares to Washington Companies for 1.2 billion in July.
In October a 552 carat diamond in recovered out of the mine. No value has been put on that stone yet...but it will be cut back and Ill bet your looking at 400 to 500 million. Go look at the largest diamonds in the world then see the values.
North Arrow has the Naujaat pipe which in tests so far are running over 20% colored stones, fancy yellow to orange as well as green stones.

I'll quote Gren:

“A major should take this on, because they take a longer-term view of it,” Gren says of Naujaat. “It’s the perfect place for a mine, near the coast.” He owns more than 10.5 million North Arrow shares, an 11.5% stake.

" Q1-4 kimberlite, which hosts a population of valuable yellow-orangey diamonds..