North Arrow begins drilling at Phoenix lithium project
North Arrow Minerals Inc (C:NAR)
Shares Issued 31,274,544
Last Close 7/31/2009 $0.26
Tuesday August 04 2009 - News Release
Mr. D. Grenville Thomas reports
NORTH ARROW ANNOUNCES DRILLING IS UNDERWAY AT PHOENIX LITHIUM PROJECT, NWT
North Arrow Minerals Inc.'s drilling is under way at its wholly owned Phoenix lithium project in Canada's Northwest Territories. The project is located approximately 60 kilometres east of existing winter road infrastructure that services the Diavik and Ekati diamond mines. The 800-metre drilling program is designed to test the large lithium-bearing Big Bird pegmatite that has an exposed strike length in excess of 1,200 m with observable widths of up to 80 m. Previous channel sampling of the Big Bird pegmatite returned weighted average grades ranging from 0.57 per cent to 3.13 per cent Li2O over channel widths ranging from 1.0 m to 5.51 m.
Earlier this summer, prospecting and mapping peripheral to the Big Bird pegmatite identified lithium-bearing pegmatites at six new localities within a 15 km by 15 km area of the Phoenix project (please see news in Stockwatch July 14, 2009). Assay results from this prospecting program have been received and confirm significant lithium contents at each of the new localities. A total of 17 prospecting samples considered representative of the new spodumene-bearing pegmatites have returned from 0.41 to 3.62 per cent Li2O, with 11 samples returning greater than 1.5 per cent Li2O. Additional sampling and mapping of these new pegmatites will be undertaken in conjunction with the drilling program.
The Phoenix lithium project is part of the company's continuing efforts to identify and evaluate North American lithium deposits, including its wholly owned North Carolina and Torp (Nunavut) projects.
North Arrow's exploration programs are conducted under the supervision of Gordon Clarke, PGeol (NT&NU), vice-president, exploration, for North Arrow and a qualified person under NI 43-101. All samples from the field programs are submitted to Acme Analytical Laboratories in Vancouver for analysis. Samples are subjected to a four-acid digestion and analysis for 40 elements using a combination of inductively coupled plasma (ICP) emission spectrometry and ICP mass spectrometry methods. Laboratory-inserted duplicates and standards provided optimum precision and accuracy. |
