North Arrow Minerals (NAR-V) Feb 11, '15 is pleased to announce that exploration drilling is underway at the Pikoo Diamond Project in central eastern Saskatchewan. Approximately 3,000 m of drilling is planned to follow up on diamond bearing kimberlite discoveries made in 2013 and to test new targets defined by the 2014 till sampling program. Initial ground geophysical surveys of selected target areas are complete and the drill is on the property. The program is expected to run through to the end of March.
Diamonds were first discovered at the Pikoo Project in 2013 when kimberlite was identified in 9 of 10 drill holes, including the PK150 kimberlite discovery. A 209.7 kg sample from PK150 returned 745 diamonds larger than the 0.106 mm sieve size, including 23 diamonds greater than the 0.85 mm sieve size. This result confirmed that the Pikoo Project hosts significantly diamondiferous kimberlites. Please see North Arrow news release #13-20 dated November 5, 2013 for details.
Follow up exploration in 2014 included the collection of 560 till samples in an effort to better define existing kimberlite indicator mineral (KIM) trains and to identify new target areas within the property. Of particular importance, the 2014 program identified up to five new KIM trains, including two KIM trains that are well defined and terminate within the project area. North Arrow plans to drill test targets identified at the heads of these new KIM trains. The remaining three new KIM trains are also interpreted to terminate within the Pikoo Project mineral claims but are less well defined and will require additional till sampling before drill targets can be identified.
The 2015 Pikoo exploration drilling program is being conducted with Stornoway Diamond Corporation (SWY-T) under an 80% (North Arrow) / 20% (Stornoway) participating joint venture arrangement. North Arrow's diamond exploration programs are conducted under the direction of Kenneth Armstrong, P.Geo., President and CEO of North Arrow and a Qualified Person under NI 43-101.
About North Arrow Minerals
North Arrow is a Canadian based exploration company focused on the identification and evaluation of diamond exploration opportunities in Canada. North Arrow's management, board of directors and advisors have significant successful experience in the Canadian diamond industry. In addition to the Pikoo Project, North Arrow is also currently processing a 1500 tonne bulk sample from the Qilalugaq Project (NU) and evaluating each of the Redemption (NWT), Lac de Gras (NWT), Mel (NU), Luxx (NU) and Timiskaming (ON/QC) Diamond Projects.
North Arrow Minerals Inc.
/s/ "Kenneth A. Armstrong"
Kenneth Armstrong President and CEO
Tel: 604-668-8355 or 604-668-8354
Website: www.northarrowminerals.com |
