2.10% Li2O over 4m from the new MK3 Pegmatite
Trading Symbol: TSXV: NAR
VANCOUVER, BC, Dec. 4, 2023
/CNW/ - North Arrow Minerals Inc. (TSXV: NAR)
("North Arrow") is pleased to report lithium assay results
from fall 2023 exploration work at its 100% owned MacKay and LDG
Lithium Projects in the Northwest
Territories. The two properties are located 10km apart,
along the alignment of the annual winter road connecting
Yellowknife with the Diavik
diamond mine, approximately 13km to the north of LDG. Highlights of
these assay results include:
- At the MacKay Project, 14 of 17 samples collected from the
newly discovered MK3 pegmatite have returned over 1%
Li2O, including 5 representative grab samples returning
5.25%, 4.08%, 2.71%, 1.92% and 1.10%
Li2O.
- A composite rock sawn channel sample from MK3 returned
2.10% Li2O over 4 metres.
- Two additional composite 4 metre channel samples from
MK3 have returned 1.49% Li2O and 1.43%
Li2O.
- Three representative grab samples from the previously unsampled
northeastern extent of the MK1 spodumene pegmatite returned
3.21% Li2O, 2.62% Li2O and 0.11%
Li2O.
- Representative samples from the northern extent of the LDG
Project's SD2 spodumene pegmatite have returned 3.19%
Li2O, 1.53% Li2O and 1.46%
Li2O, extending confirmed spodumene mineralization
260m to the north.
- A prospecting sample has returned 5.57% Li2O
at the southern end of a newly mapped 200m long subcropping spodumene pegmatite
approximately 120m west of the main
SD2 pegmatite showing.
Ken Armstrong, President and CEO
of North Arrow commented, "The initial lithium assays from the MK3
spodumene pegmatite at North Arrow's MacKay Project are highly
encouraging and confirm MK3 as a new drill target. Additionally,
the confirmation of significant lithium grades in the SD2 area of
the LDG Project provides confidence the area hosts multiple,
subparallel spodumene pegmatites. Collectively, these results help
advance our thesis that the LDG and MacKay Projects could host
spodumene pegmatites of similar size and grade to the deposits
currently being drilled by other workers in the Yellowknife
Pegmatite Province (YPP). With the MacKay and LDG Projects, and the
DeStaffany Project in the YPP, North Arrow now holds a 100%
interest in three Northwest
Territories lithium projects where, during 2023, we have
defined multiple drill ready spodumene pegmatites. We are working
towards seeing all three properties drilled in 2024."
2.10% Li2O over 4m from the new MK3 Pegmatite at MacKay Project,
NWT
MacKay Lithium Project
The MK3 spodumene pegmatite was discovered this fall (please see
North Arrow news release dated October 12,
2023), and is a prominent 15 to 20m wide, white pegmatite exposure with common
2-30 cm long spodumene crystals. MK3 has been traced near
continuously for approximately 130m
and remains open along strike to the west. Five representative grab
samples, collected from various locations along the showing have
returned 5.25%, 4.08%, 2.71%, 1.92% and 1.10% Li2O.
Three follow-up channel samples, each four metres in length, have
returned 2.10% Li2O, 1.49% Li2O and 1.43%
Li2O, providing a good representative indication of
lithium mineralization within the pegmatite. It's important to note
the channels were cut from outcrop areas amenable to sampling with
a rock saw and did not test the entire exposed width of the
pegmatite. An image showing the locations of the channel and grab
samples at MK3 can be found here and below.
Follow up sampling of the MK1 pegmatite, discovered earlier this
summer approximately 4.5 km to the east of MK3, focused on the
eastern extent of the showing, where three representative grab
samples returned 3.21% Li2O, 2.62% Li2O and
0.11% Li2O. These results build on earlier sampling,
from which 10 of 12 rock samples returned over 1.1% Li2O
(please see North Arrow news releases dated September 20, 2023 and August 14, 2023 for details) and extend confirmed
spodumene mineralization at MK1 to a total strike length of
450m. An image compiling significant
assay results from MK1 can be found here and below.
The MacKay project area has also been expanded to 8,661ha with
the staking of additional mineral claims and hosts additional
evolved pegmatite occurrences that require follow up evaluation in
2024.
LDG Lithium Project
New assays from the SD2 target area on the LDG property extend
confirmed spodumene mineralization 260m northwards with three representative grab
samples returning 3.19% Li2O, 1.53% Li2O and
1.46% Li2O. In addition, a separate, subcropping
pegmatite has returned 5.57% Li2O. This sample was
collected at the southern end of a 200m long, subcropping spodumene pegmatite
running sub parallel to and approximately 120m west of the main SD2 pegmatite showing.
Outcrop exposures at both the SD2 and SD4 areas, where July
sampling returned assays of up to 1.7% Li2O and 2.1%
Li2O, respectively (please see North Arrow news release
dated September 18, 2023 for
details), are generally of low profile and limited by extensive
glacial overburden. However, ongoing interpretation of field
mapping data and detailed orthophoto and geophysical information
indicate these pegmatites may extend beneath overburden along their
interpreted strike. The discovery of several subcropping pegmatites
in the SD2 area, adjacent to the main pegmatite showing, support
the concept that multiple subparallel pegmatites occur in these
target areas with the same size potential as seen at the spodumene
pegmatite occurrences in the Yellowknife Pegmatite Province. An
image compiling significant assay results from SD2 can be
found here and below.
Sample Collection, Laboratory
Procedures and QA/QC
Samples were collected in the field from rock sawn channels or
as representative grab samples using a rock hammer. Channel samples
were cut using a portable rock saw, with sampled material collected
at 1m intervals, chipped from between
parallel incisions cut nominally 3-4cm apart and 3-4cm deep.
Individual channel and grab samples were collected into plastic
polymer bags, sealed and transported to ALS Global, where sample
preparation and analytical work was conducted. Samples were
prepared using ALS method CRU-31 (crushing to 70% passing through a
2mm screen), SPL-21 (split sample - riffle split), and PUL-31
(pulverize up to 250g to 85% passing through a 75-micron screen). A
0.2g subsample of the pulverized material was analyzed for 52
elements using a sodium peroxide fusion by ICP-MS (ALS method
ME-MS89L). Samples returning >500ppm Li were also assayed using
a 0.2g subsample dissolved in a sodium peroxide solution and
analyzed for lithium according to ALS method Li-ICP81. Lithium
results are reported by the lab as % Li and have been multiplied by
2.153 to convert to % Li2O. Results passed QA/QC
screening at ALS and North Arrow's inserted certified reference
materials returned results within acceptable limits.
About North Arrow
Minerals
North Arrow is a Canadian based exploration company focused on
the identification and evaluation of lithium and other exploration
opportunities in Canada. North
Arrow's management, board of directors and advisors have
significant successful experience in the global exploration and
mining industry. North Arrow is evaluating spodumene pegmatites at
its 100% owned LDG, MacKay, and DeStaffany Lithium Projects (NWT)
and is also exploring for lithium in Nunavut at the Bathurst Inlet pegmatite field
and continues work to identify additional lithium exploration
opportunities in northern Canada.
North Arrow also owns interests in the Naujaat (NU), Pikoo (SK),
and Loki (NWT) Diamond Projects and maintains a 100% interest in
the Hope Bay Oro Gold Project, located approximately 3 km north of
Agnico Eagle's Doris Gold Mine,
Nunavut. North Arrow's exploration
programs are conducted under the direction of Kenneth Armstrong, P.Geo. (NWT/NU, ON),
President and CEO of North Arrow and a Qualified Person under NI
43-101. Mr. Armstrong has reviewed and approved the technical
contents of this press release.
North Arrow Minerals Inc.
/s/ "Kenneth A. Armstrong"
Kenneth Armstrong
President and CEO
Website:
www.northarrowminerals.com
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adequacy or accuracy of this release.
This news release contains "forward-looking statements"
including but not limited to statements with respect to North
Arrow's plans, the estimation of a mineral resource and the success
of exploration activities. Forward-looking statements, while based
on management's best estimates and assumptions, are subject to
risks and uncertainties that may cause actual results to be
materially different from those expressed or implied by such
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related to the successful integration of acquisitions; risks
related to general economic and market conditions; closing of
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results of proposed exploration activities; possible variations in
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government regulation of mining operations, tax rules and
regulations. Although North Arrow has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking statements,
there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that
such statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
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reliance on forward-looking statements. North Arrow undertakes no
obligation or responsibility to update forward-looking statements,
except as required by law.
SOURCE North Arrow Minerals Inc.