THUNDER BAY – BUSINESS – North Arrow Minerals Inc. (TSX VENTURE: NAR) is pleased to announce that a majority of the 1,500 tonne Qilalugaq Project bulk sample has been received by the processing laboratory in Thunder Bay, Ontario and that processing of the sample is underway. The bulk sample was collected in July and August 2014 from the Q1-4 kimberlite located just nine kilometres from the Hamlet of Repulse Bay (Naujaat), Nunavut. The sample is being processed for the recovery of commercial sized (+0.85 mm) diamonds and the resulting diamond parcel will be used to provide an indication of Q1-4’s overall diamond value as well as the sample’s diamond content, size distribution and to establish whether or not fancy yellow diamonds seen in earlier-stage sampling persist into the larger diamond sizes. Sample processing is expected to take approximately four months. North Arrow is currently working to earn an 80% interest in the Qilalugaq Diamond Project from Stornoway Diamond Corporation (TSX: SWY) by collecting and processing the current bulk sample (please see North Arrow news release dated April 29th, 2013 for additional details on the option agreement with Stornoway). For more information on the Qilalugaq Project please visit the project web page www.northarrowminerals.com/projects/qilalugaq.
The company is also pleased to report the completion of a follow up till sampling program at the Pikoo Diamond Project in central eastern Saskatchewan. A total of 119 till samples were collected during the program, supplementing 441 samples obtained earlier this year. The 2014 till sampling programs have more than doubled the total number of samples collected from the Pikoo Project area and preliminary results have defined at least two, and possibly up to five, new kimberlite indicator mineral (KIM) trains. These new KIM trains are separate and discrete from the previously identified North and South Pikoo KIM trains, where diamond bearing kimberlite was discovered in 2013. Results from the remaining 2014 samples will be used to better define the KIM trains and to prepare for a winter 2015 drill program on the property. The 2014 Pikoo exploration program is being conducted with Stornoway under an 80% (North Arrow) / 20% (Stornoway) participating joint venture arrangement. Additional information on the Pikoo Project can be found on the project web page www.northarrowminerals.com/projects/pikoo.
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. Mr. Armstrong has reviewed the contents of this press release.
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 and Qilalugaq Projects, North Arrow is also evaluating each of the Redemption (NWT), Lac de Gras (NWT), Mel (NU), Luxx (NU) and Timiskaming (ON/QC) Diamond Projects.
