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Gold/Mining/Energy : New Diamond Plays

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From: average joe	10/22/2013 12:57:02 AM
	of 25

North Arrow Options 10 claims totaling 33,374 hectares. March 14, 2013 Stornoway staked the Pikoo claims based on results of regional exploration programs intended to test the diamond potential of the Sask craton in north-central Saskatchewan. Surficial till sampling of the Pikoo Property has identified two distinct kimberlite indicator mineral trains. The mineral trains are well defined and a bedrock source for the indicator minerals is interpreted to be located within the current property outline. Two potential source areas have been identified: the North target area and the South target area. A partially disaggregated boulder identified by Stornoway geologists as altered kimberlite was discovered in the spring of 2012 from the North target area; however a bedrock source has not been identified. These exploration results have been derived from Stornoway’s Pikoo diamond project database and North Arrow considers the information to be relevant and reliable. North Arrow has the management and technical expertise and the financial capacity to evaluate and advance this pipeline of early to more advanced-stage diamond properties. North Arrow Release – August 7, 2013 Hypabyssal kimberlite has been intersected in nine of ten drill holes from a recently completed drilling program at the Company's Pikoo diamond project. The most significant discovery of the program was in the South Pikoo area where target PK150 was tested by three drill holes. Drill hole DDH 13PK06 (-59°/194° Az) drilled 28.89 m of kimberlite from 51.39 m down hole. Additional 0.51 m and 0.18 m kimberlite dykes were also encountered at 122.67 m and 123.60 m downhole, respectively. DDH 13PK08 (-49°/010° Az) tested PK150 approximately 35 m to the west of 13PK06, and drilled 22.12 m of kimberlite from 140.95 m down hole and 0.59 m of kimberlite from 167.26 m down hole. DDH 13PK09 (-60°/199° Az) was collared approximately 70 m west of 13PK06 and drilled 20.12 m of kimberlite starting at 63.85 m down hole. The PK150 kimberlite is interpreted as a near vertical body comprised of dark grey hypabyssal kimberlite containing abundant olivine as well as common ilmenite and orange to purple garnets and less common chrome diopside. Internal country rock dilution is estimated as less than 5% and mantle nodules ranging up to 10 cm are common. The Pikoo project drilling program has resulted in the discovery of a new kimberlite field within the Sask Craton, Saskatchewan. A study of the mineral chemistry of the North Pikoo and South Pikoo kimberlites is underway including a comparison to the compelling mineral chemistry of the North Pikoo and South Pikoo kimberlite indicator mineral trains. Further, kimberlite drill core from the three holes that tested PK150 is presently being logged in detail and will be submitted to Microlithics Laboratory in Thunder Bay, ON for microdiamond analyses. Results from this work are expected in approximately eight weeks.

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