North Arrow Minerals’ Ken Armstrong on Saskatchewan’s New Diamond District

Could there be a new diamond district in the Canadian province of Saskatchewan? According to diamond explorer North Arrow Minerals (TSXV:NAR), the answer is yes.

The company announced yesterday that high microdiamond counts have been returned from the PK150 kimberlite at its Pikoo project, located in Central Eastern Saskatchewan, about 10 kilometers from Saskatchewan Highway 911. Those high counts “demonstrat[e] the potential for a coarse diamond size distribution,” as per North Arrow’s press release, and Ken Armstrong, the company’s president and CEO, believes that they establish “Pikoo and the northern Sask Craton as a new diamond district in Canada.”

To gain further insight into the news, Diamond Investing News invited Armstrong in for an interview. In the video below, he explains his company’s strategy and what the results from Pikoo mean for North Arrow, also touching on the company’s recently closed $5.45-million private placement financing. In closing, he outlines what investors can expect from North Arrow moving forward.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article. 

Editorial Disclosure: North Arrow Minerals is a client of the Investing News Network. This article is not paid-for content.

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Diamond Mining in Canada

INN Video: Ken Armstrong of North Arrow Minerals