NORTH ARROW REPORTS ADDITIONAL LITHIUM ASSAYS FROM THE MACKAY LITHIUM PROJECT, NWT

NORTH ARROW REPORTS ADDITIONAL LITHIUM ASSAYS FROM THE MACKAY LITHIUM PROJECT, NWT

 
 

  EXPLORATION FIELDWORK UNDERWAY  

 

Trading Symbol:  TSXV: NAR 

 

North Arrow Minerals Inc. (TSXV: NAR) (" North Arrow ") is pleased to report new lithium assays from the company's 100% owned MacKay Lake Property, Northwest Territories and that additional exploration work is underway.

 

Six of eight rock sawn channel samples from the MK1 spodumene pegmatite, discovered in June 2023 , have returned Li 2 O assay results of 1.16%, 1.34%, 1.87%, 1.90%, 1.93% and 2.30% . These samples were collected over 1m intervals in July 2023 and compliment the assays of prospecting grab samples that returned from 2.45% to 3.74% Li 2 O as reported in North Arrow news release dated   August 14, 2023   .

 

Based on limited field mapping, MK1 is interpreted as a series of irregular sub-parallel pegmatite dykes ranging from 0.5 m to > 10 m in width (see image below). Spodumene mineralization comprises up to 20% of the pegmatite exposures with crystals ranging from 2-4 cm in length. The pegmatites are intercalated with metasedimentary rocks over an estimated combined width of 150 m and an interpreted strike extent of over 400 m . Bedrock exposures are of relatively low relief with significant potential to extend the pegmatite along strike beneath overburden.

 

  Ken Armstrong , President and CEO of North Arrow, commented "The MK1 pegmatite lies within the same prospective metasedimentary rocks as the SD spodumene pegmatites located on North Arrow's LDG property approximately 20 km to the north and reported in North Arrow news release date   September 18, 2023 . Today's channel sample results confirm the potential of MK1 to host a significant new lithium discovery, a concept we look forward to testing as part of a spring 2024 drill program. Beyond MK1, the MacKay property covers an additional 14 km length of this prospective metasedimentary corridor which is geologically very similar to the host rocks of the spodumene pegmatites being evaluated in the Yellowknife Pegmatite Province. We believe the opportunity for additional discoveries of spodumene pegmatites is significant and a field program is presently underway on both the MacKay and LDG properties, consisting of additional mapping, prospecting, sampling and ground geophysical surveys, ahead of drilling to be conducted in spring 2024."

 
 

  Spodumene pegmatite outcrop at MK1 (rock hammer for scale). (CNW Group/North Arrow Minerals Inc.) 

 
 

The MacKay property is located adjacent to the Lac de Gras winter road, and continued evaluation will benefit from use of the road as well as North Arrow's existing land use permit and exploration camp on the LDG property.

 
 

  MK1 area zoom out – surface showing of irregular, sub-parallel pegmatite dykes intercalated with metasedimentary rocks (CNW Group/North Arrow Minerals Inc.) 

 
 
  Sample Collection, Laboratory Procedures and QA/QC  
 

Samples were collected in the field from rock sawn channels, cut using a portable rock saw. Sampled material was collected at 1m intervals, chipped from between parallel incisions cut nominally 3-4 cm apart and 3-4 cm deep. Samples were collected into plastic polymer bags, sealed and transported to ALS Global, where sample preparation and analytical work was conducted. Samples were prepared using ALS method CRU-31 (crushing to 70% passing through a 2 mm screen), SPL-21 (split sample - riffle split), and PUL-31 (pulverize up to 250 g to 85% passing through a 75-micron screen). A 0.2 g subsample of the pulverized material was analyzed for 52 elements using a sodium peroxide fusion by ICP-MS (ALS method ME-MS89L). Samples returning >500ppm Li were also assayed using a 0.2 g subsample dissolved in a sodium peroxide solution and analyzed for lithium according to ALS method Li-ICP81. Lithium results are reported by the lab as % Li and have been multiplied by 2.153 to convert to % Li 2 O. Results passed QA/QC screening at ALS.

  

North Arrow is a Canadian based exploration company focused on the identification and evaluation of lithium and other exploration opportunities in Canada . North Arrow's management, board of directors and advisors have significant successful experience in the global exploration and mining industry. North Arrow is evaluating spodumene pegmatites at its 100% owned LDG, MacKay, and DeStaffany Lithium Projects (NWT) and is also exploring for lithium in Nunavut at the Bathurst Inlet pegmatite field and continues work to identify additional lithium exploration opportunities in northern Canada . North Arrow also owns interests in the Naujaat (NU), Pikoo (SK), and Loki (NWT) Diamond Projects and maintains a 100% interest in the Hope Bay Oro Gold Project, located approximately 3 km north of Agnico Eagle's Doris Gold Mine , Nunavut . North Arrow's exploration programs are conducted under the direction of Kenneth Armstrong , P.Geo. (NT/NU, ON), President and CEO of North Arrow and a Qualified Person under NI 43-101.  Mr. Armstrong has reviewed and approved the technical contents of this press release.

 

  North Arrow Minerals Inc.  

 

  /s/ "Kenneth A. Armstrong"
  Kenneth Armstrong  
President and CEO

 

  Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility   for the adequacy or accuracy of this release.  

 

  This news release contains "forward-looking statements" including but not limited to statements with respect to North Arrow's plans, the estimation of a mineral resource and the success of exploration activities. Forward-looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the successful integration of acquisitions; risks related to general economic and market conditions; closing of financing; the timing and content of upcoming work programs; actual results of proposed exploration activities; possible variations in mineral resources or grade; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; changes in national and local government regulation of mining operations, tax rules and regulations. Although North Arrow has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. North Arrow undertakes no obligation or responsibility to update forward-looking statements, except as required by law.  

 
 

  North Arrow Minerals Inc. Logo (CNW Group/North Arrow Minerals Inc.) 

 
 

SOURCE North Arrow Minerals Inc. 

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2023/20/c9299.html  

 
 

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NORTH ARROW SELLS ORO GOLD PROPERTY, NUNAVUT

NORTH ARROW SELLS ORO GOLD PROPERTY, NUNAVUT

 
 

North Arrow Minerals Inc. (TSXV: NAR) (" North Arrow") is pleased to announce it has entered into an asset purchase agreement with Agnico Eagle Mines Limited under which North Arrow has sold its 100% interest in the Oro Gold Property, Nunavut for cash consideration of $1,750,000 .

 

  Ken Armstrong , President and Chief Executive Officer of North Arrow, stated, "We are very pleased to finalize this sale of the Oro gold property, representing a non-dilutive injection of cash in support of North Arrow's ongoing work to identify new exploration opportunities and to evaluate our existing portfolio of Canadian lithium and diamond exploration properties."

 

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DR. CHRIS JENNINGS RETIRES FROM NORTH ARROW'S BOARD OF DIRECTORS

DR. CHRIS JENNINGS RETIRES FROM NORTH ARROW'S BOARD OF DIRECTORS

 
 

Trading Symbol:  TSXV: NAR 

 

North Arrow Minerals Inc. (TSXV: NAR) (" North Arrow") announces the retirement of Dr. Chris Jennings from the Board of Directors, effective March 11, 2024 .

 

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Cornish Metals Announces Change In Executive Management

Cornish Metals Announces Change In Executive Management

 

Cornish Metals Inc. ( AIMTSX-V: CUSN ) ("Cornish Metals" or the "Company"), announces today the departure of Chief Executive Officer ("CEO"), Richard Williams, effective on March 31, 2024, when he will also leave the Company's Board. Mr. Williams will remain available to the Company on a consulting basis going forward. Ken Armstrong, Non-Executive Director will step in as Interim CEO and Patrick Anderson, Chairman of the Board, will become the Executive Chairman of the Company during the transition and search for a permanent CEO to lead the Company through the next stage of development of South Crofty as the Company moves towards construction.

 

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NORTH ARROW ANNOUNCES APPOINTMENT OF EIRA THOMAS AS CHAIR OF THE BOARD OF DIRECTORS

NORTH ARROW ANNOUNCES APPOINTMENT OF EIRA THOMAS AS CHAIR OF THE BOARD OF DIRECTORS

 
 

North Arrow Minerals Inc. (TSXV: NAR) (" North Arrow") is pleased to announce that Eira Thomas has been appointed as Chair of the Board of Directors, effective February 28, 2024 . Ms. Thomas succeeds D. Grenville (Gren) Thomas who will remain as a director after 17 years as the Company's Chair.

 
 

  Eira and Gren Thomas prospecting for a new source of hard rock lithium at the LDG Project, NWT, October 2023. The windfarm at the Diavik Diamond Mine (a mine they discovered in the 1990s) can be seen from this location. Eira Thomas (left) has been appointed Chair of the Board for North Arrow Minerals, taking over for her father Gren Thomas (right) who will stay on as a director. (CNW Group/North Arrow Minerals Inc.) 

 

  Ken Armstrong , President and Chief Executive Officer of North Arrow, stated, "We are very pleased to welcome Eira Thomas to North Arrow as Chair of the Board of Directors. Eira has a long and successful track record in the resource sector, in particular with identifying and building out opportunities in the junior mining space." Mr. Armstrong continued: "I'd like to extend my thanks and appreciation to Gren for his past guidance as Chair and look forward to his continued involvement as a director of the company."

 

Ms. Thomas, Chair of North Arrow's Board, stated: "As a long-time advisor and supporter of North Arrow, I am delighted to join the Company as Chair and help guide management through their ongoing strategy of evaluating lithium occurrences identified on three properties in 2023, extracting value from the Company's portfolio of legacy diamond properties, and identifying new, compelling exploration and development opportunities in Canada ."

 

Ms. Thomas brings more than 30 years of experience in the mining industry, particularly in the diamond, gold and energy spaces. She has held executive and board positions with a number of companies over that period, including Aber Diamond Corp., Stornoway Diamond Corp., Kaminak Gold Corp., and Lucara Diamond Corp., as well as 17 years as a director of Suncor Energy.

 

Pursuant to North Arrow's stock option plan, North Arrow has granted 500,000 incentive stock options to a director. Each incentive stock option is exercisable into one common share of the Company, has an exercise price of 8 cents per share, and can be exercised until February 28, 2029 .

  

North Arrow is a Canadian based exploration company focused on the identification and evaluation of lithium and other exploration opportunities in Canada . North Arrow's management, board of directors and advisors have significant successful experience in the global exploration and mining industry. North Arrow is evaluating spodumene pegmatites at its 100% owned LDG, MacKay, and DeStaffany Lithium Projects (NWT), is exploring for lithium in Nunavut at the Bathurst Inlet pegmatite field and continues work to identify additional lithium exploration opportunities in northern Canada . North Arrow also owns interests in the Naujaat (NU), Pikoo (SK), and Loki (NWT) Diamond Projects and maintains a 100% interest in the Hope Bay Oro Gold Project, located approximately 3 km north of Agnico Eagle's Doris Gold Mine , Nunavut . North Arrow's exploration programs are conducted under the direction of Kenneth Armstrong , P.Geo. (NWT/NU, ON), President and CEO of North Arrow and a Qualified Person under NI 43-101.

 

  North Arrow Minerals Inc.  

 

  /s/ "Kenneth A. Armstrong"
  Kenneth Armstrong  
President and CEO

 

  Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility  
for the adequacy or accuracy of this release.  

 

  This news release contains "forward-looking statements" including but not limited to statements with respect to North Arrow's plans, the estimation of a mineral resource and the success of exploration activities. Forward-looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the successful integration of acquisitions; risks related to general economic and market conditions; closing of financing; the timing and content of upcoming work programs; actual results of proposed exploration activities; possible variations in mineral resources or grade; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; changes in national and local government regulation of mining operations, tax rules and regulations. Although North Arrow has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. North Arrow undertakes no obligation or responsibility to update forward-looking statements, except as required by law.  

 
 

  North Arrow Minerals Inc. Logo (CNW Group/North Arrow Minerals Inc.) 

 
 

SOURCE North Arrow Minerals Inc. 

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2024/28/c3951.html  

 
 

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NORTH ARROW CLOSES DIAMOND ROYALTY SALE AT LDG PROJECT, NWT

NORTH ARROW CLOSES DIAMOND ROYALTY SALE AT LDG PROJECT, NWT

 
 

Trading Symbol:  TSXV: NAR 

 

North Arrow Minerals Inc. (TSXV: NAR) (" North Arrow") has closed its previously announced agreement granting Springbok Holdings Inc. ("Springbok") a 2% diamond royalty on North Arrow's 100% owned LDG Project in the Northwest Territories . In exchange, Springbok has waived its right to receive a future $1 million share payment from North Arrow, which could have been triggered as early as this year if exploration proceeds as planned at newly discovered spodumene pegmatites on the property. The royalty will apply only to future diamond production and will not apply to other commodities, including lithium. North Arrow may purchase 1% of the royalty (reducing the royalty from 2% to 1%) by making a single payment of $2 million at any time up to 24 months after the date on which the first royalty payment is due. Dr. Chris Jennings a director of North Arrow, is a principal of Springbok. Further details related to the agreement can be found in North Arrow news release dated February 5, 2024 .

 

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Lithium Universe Ltd  Interview with Executive Chairman

Lithium Universe Ltd Interview with Executive Chairman

Melbourne, Australia (ABN Newswire) - Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) is pleased to announce an interview with Executive Chairman, Iggy Tan at the recent Lithium Supply & Battery Raw Materials Conference in Las Vegas. The interview was conducted by The Rock Stock Channel.

Interview Highlights

- Discussions with potential spodumene feedstock offtakers ongoing

- Further talks with potential OEMs on battery grade lithium carbonate offtake

- All work completed on Becancour Lithium Project - waiting for lithium market recovery

- Acquisition of global rights photovoltaic (PV) solar panel recycling technology

- "Microwave Joule Heating Technology" (MJHT) from Macquarie University

- Utilizes microwave technology to selectively heat and delaminate PV cells

- Today only 15% of waste solar cells are recycled, rest end up in land fill

- Difficult to recycle, high temperature furnace, toxic chemicals, low recovery

- To investigate further recovery of silver, silicon, gallium and indium

To Watch the Interview, please visit:
https://www.abnnewswire.net/lnk/S0S4T95N

 

About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe's mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.

 

 

Source:
Lithium Universe Ltd

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Lithium Universe Ltd  PV SOLAR CELL Recycling Acquisition Legal Due Diligence Complete

Lithium Universe Ltd PV SOLAR CELL Recycling Acquisition Legal Due Diligence Complete

Melbourne, Australia (ABN Newswire) - Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) is pleased to announce that further to its announcement dated 18 June 2025 (Announcement), it has now completed legal due diligence to its absolute satisfaction. As such, the Company is now progressing towards completion of the Acquisition (defined below).

ACQUISITION DETAILS

As detailed in the Announcement, the Company has entered into a binding agreement to acquire the global rights to commercially exploit a patented photovoltaic (PV) solar panel recycling technology known as Microwave Joule Heating Technology. The rights will be secured via an exclusive licensing agreement with Macquarie University (MQU), held through an Australian-incorporated holding company, New Age Minerals Pty Ltd (NAM). The transaction will be effected by the Company acquiring 100% of the issued share capital of NAM (Acquisition).

As disclosed in the Announcement, completion of the Acquisition was conditional on the Company completing legal due diligence. This has now been completed to the satisfaction of the Company.

Completion was also conditional on the Company, NAM and MQU entering into a variation to the licensing agreement to reflect the change in ownership of NAM. The parties have since agreed in writing to waive this condition to allow completion of the Acquisition to proceed, with the variation to be entered into with MQU as soon as practicable following completion.

The Company will now proceed to the acquisition of NAM.

 

About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe's mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.

 

 

Source:
Lithium Universe Ltd

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