To: Goose94 who wrote (7666 ) 7/23/2014 6:26:35 PM From: Goose94 Read Replies (1) | Respond to of 202936 North Arrow Minerals (NAR-V) and Arctic Star Exploration (ADD-V) July 23, '14 will start an exploration drilling program at the Redemption diamond project in the Northwest Territories. The property is located in the Lac de Gras region, approximately 32 kilometres southwest of, and 47 km west of, the Ekati and Diavik diamond mines, respectively. Mobilization is under way for the approximately 1,000 m drilling program, which is intended to test six to eight priority drill targets located in the central part of the property. The targets have been identified based on results of a detailed data compilation, and new airborne and ground geophysical surveys. The drill targets include various combinations of gravity, magnetic and electromagnetic geophysical responses that have been further prioritized based on their location with respect to the termination of the South Coppermine kimberlite indicator mineral (KIM) train, which represents one of the last well-defined and unsourced KIM trains in the Lac de Gras region. The discovery of even a single kimberlite from any of these top-priority targets would upgrade a number of the remaining prospective targets within the Redemption property. The drill program is expected to run through to the middle of August. A follow-up winter/spring 2015 drilling program will be required to test ice-based targets. North Arrow is exploring the Redemption property under an option agreement with Arctic Star, under which the company can earn a 55-per-cent interest by incurring $5-million in exploration expenditures prior to July 1, 2017. North Arrow's diamond exploration programs are conducted under the direction of Kenneth Armstrong, PGeo, president and chief executive officer of North Arrow, and a qualified person under National Instrument 43-101. Mr. Armstrong has reviewed the contents of this press release. In addition to Redemption, North Arrow shareholders also enthusiastically await results from one of the company's Nunavut projects, Qilalugaq, where results from a bulk sample are expected in early 2015. The results from the bulk sample could be a game changer for the company, as Armstrong notes "strong results from the sample could take North Arrow from an exploration company to a developer." North Arrow is one of the few pure diamond exploration companies in the world today just as a boost in new demand for diamonds is forecast to outpace new supply. Russia's Grib mine, which started production last month, will be the first new non-alluvial diamond mine to produce more than 1 million carats per year since Diavik came online in 2003. New global demand for diamonds is primarily coming out of China, where the current generation is the first to adopt the Western tradition of giving diamond engagement rings. The number of urban Chinese brides being given a diamond engagement ring has increased from less than 1% to greater than 50% over the last 20 years; half of China's population of 1.3 billion is considered urban.