NORTH ARROW REPORTS RESULTS FROM MACKAY & LDG LITHIUM PROJECTS, NT

NORTH ARROW REPORTS RESULTS FROM MACKAY & LDG LITHIUM PROJECTS, NT

2.10% Li 2 O over 4m from the new MK3 Pegmatite

Trading Symbol: TSXV: NAR

North Arrow Minerals Inc. (TSXV: NAR) (" North Arrow") is pleased to report lithium assay results from fall 2023 exploration work at its 100% owned MacKay and LDG Lithium Projects in the Northwest Territories . The two properties are located 10km apart, along the alignment of the annual winter road connecting Yellowknife with the Diavik diamond mine, approximately 13km to the north of LDG. Highlights of these assay results include:

  • At the MacKay Project, 14 of 17 samples collected from the newly discovered MK3 pegmatite have returned over 1% Li 2 O, including 5 representative grab samples returning 5.25%, 4.08%, 2.71%, 1.92% and 1.10% Li 2 O .
  • A composite rock sawn channel sample from MK3 returned 2.10% Li 2 O over 4 metres.
  • Two additional composite 4 metre channel samples from MK3 have returned 1.49% Li 2 O and 1.43% Li 2 O .
  • Three representative grab samples from the previously unsampled northeastern extent of the MK1 spodumene pegmatite returned 3.21% Li 2 O, 2.62% Li 2 O and 0.11% Li 2 O.
  • Representative samples from the northern extent of the LDG Project's SD2 spodumene pegmatite have returned 3.19% Li 2 O, 1.53% Li 2 O and 1.46% Li 2 O , extending confirmed spodumene mineralization 260m to the north.
  • A prospecting sample has returned 5.57% Li 2 O at the southern end of a newly mapped 200m long subcropping spodumene pegmatite approximately 120m west of the main SD2 pegmatite showing.

Ken Armstrong , President and CEO of North Arrow commented, "The initial lithium assays from the MK3 spodumene pegmatite at North Arrow's MacKay Project are highly encouraging and confirm MK3 as a new drill target. Additionally, the confirmation of significant lithium grades in the SD2 area of the LDG Project provides confidence the area hosts multiple, subparallel spodumene pegmatites. Collectively, these results help advance our thesis that the LDG and MacKay Projects could host spodumene pegmatites of similar size and grade to the deposits currently being drilled by other workers in the Yellowknife Pegmatite Province (YPP). With the MacKay and LDG Projects, and the DeStaffany Project in the YPP, North Arrow now holds a 100% interest in three Northwest Territories lithium projects where, during 2023, we have defined multiple drill ready spodumene pegmatites. We are working towards seeing all three properties drilled in 2024."

MacKay Lithium Project

The MK3 spodumene pegmatite was discovered this fall (please see North Arrow news release dated October 12, 2023 ), and is a prominent 15 to 20m wide, white pegmatite exposure with common 2-30 cm long spodumene crystals. MK3 has been traced near continuously for approximately 130m and remains open along strike to the west. Five representative grab samples, collected from various locations along the showing have returned 5.25%, 4.08%, 2.71%, 1.92% and 1.10% Li 2 O. Three follow-up channel samples, each four metres in length, have returned 2.10% Li 2 O, 1.49% Li 2 O and 1.43% Li 2 O, providing a good representative indication of lithium mineralization within the pegmatite. It's important to note the channels were cut from outcrop areas amenable to sampling with a rock saw and did not test the entire exposed width of the pegmatite. An image showing the locations of the channel and grab samples at MK3 can be found here and below.

Follow up sampling of the MK1 pegmatite, discovered earlier this summer approximately 4.5 km to the east of MK3, focused on the eastern extent of the showing, where three representative grab samples returned 3.21% Li 2 O, 2.62% Li 2 O and 0.11% Li 2 O. These results build on earlier sampling, from which 10 of 12 rock samples returned over 1.1% Li 2 O (please see North Arrow news releases dated September 20, 2023 and August 14, 2023 for details) and extend confirmed spodumene mineralization at MK1 to a total strike length of 450m . An image compiling significant assay results from MK1 can be found here and below.

The MacKay project area has also been expanded to 8,661ha with the staking of additional mineral claims and hosts additional evolved pegmatite occurrences that require follow up evaluation in 2024.

LDG Lithium Project

New assays from the SD2 target area on the LDG property extend confirmed spodumene mineralization 260m northwards with three representative grab samples returning 3.19% Li 2 O, 1.53% Li 2 O and 1.46% Li 2 O. In addition, a separate, subcropping pegmatite has returned 5.57% Li 2 O. This sample was collected at the southern end of a 200m long, subcropping spodumene pegmatite running sub parallel to and approximately 120m west of the main SD2 pegmatite showing.

Outcrop exposures at both the SD2 and SD4 areas, where July sampling returned assays of up to 1.7% Li 2 O and 2.1% Li 2 O, respectively (please see North Arrow news release dated September 18, 2023 for details), are generally of low profile and limited by extensive glacial overburden. However, ongoing interpretation of field mapping data and detailed orthophoto and geophysical information indicate these pegmatites may extend beneath overburden along their interpreted strike. The discovery of several subcropping pegmatites in the SD2 area, adjacent to the main pegmatite showing, support the concept that multiple subparallel pegmatites occur in these target areas with the same size potential as seen at the spodumene pegmatite occurrences in the Yellowknife Pegmatite Province. An image compiling significant assay results from SD2 can be found here and below.

Sample Collection, Laboratory Procedures and QA/QC

Samples were collected in the field from rock sawn channels or as representative grab samples using a rock hammer. Channel samples were cut using a portable rock saw, with sampled material collected at 1m intervals, chipped from between parallel incisions cut nominally 3-4cm apart and 3-4cm deep. Individual channel and grab 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 2mm screen), SPL-21 (split sample - riffle split), and PUL-31 (pulverize up to 250g to 85% passing through a 75-micron screen). A 0.2g 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 0.2g 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 and North Arrow's inserted certified reference materials returned results within acceptable limits.

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. (NWT/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

Website: www.northarrowminerals.com

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.

SOURCE North Arrow Minerals Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2023/04/c8865.html

News Provided by Canada Newswire via QuoteMedia

NAR:CC
The Conversation (0)
North Arrow Minerals (TSXV:NAR)

North Arrow Minerals

Unlocking the Lithium Potential of Canada's Far North

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... Keep Reading...
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 . Eira Thomas, Chair of the Board of Directors, stated: "On behalf of the Board of Directors and the entire North... Keep Reading...
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... Keep Reading...
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.... Keep Reading...
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... Keep Reading...
VanadiumCorp Provides Overview of Lac Laura Gold Property

VanadiumCorp Provides Overview of Lac Laura Gold Property

(TheNewswire) Vancouver, British Columbia TheNewswire October 20, 2025 VanadiumCorp Resource Inc. (TSX-V: VRB | FSE: NWNA | OTC: VRBFF) ("VanadiumCorp" or the "Company") is pleased to provide an overview of its wholly owned Lac Laura Property, located in Lévy Township near Chapais, Québec. The... Keep Reading...
Surface Metals Inc. Announces Private Placement Financing

Surface Metals Inc. Announces Private Placement Financing

Surface Metals Inc. (CSE: SUR,OTC:SURMF) (OTCQB: SURMF) (the "Company", or "Surface Metals") announced today a non-brokered private placement financing of up to 4,000,000 units (the "Units") at $0.20 CAD per Unit for aggregate gross proceeds of up to $800,000 CAD (the "Offering"). Each Unit will... Keep Reading...
SAGA Metals Featured in 'The Northern Miner' as Drilling Preparations Continue at Radar Project in Labrador

SAGA Metals Featured in 'The Northern Miner' as Drilling Preparations Continue at Radar Project in Labrador

Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company advancing critical mineral discoveries, is pleased to announce that preparations are underway for Phase 1 of the 2025–2026 drill program at the Trapper Zone on its... Keep Reading...
Pronounced Lithium-in-soil Anomalies

Pronounced Lithium-in-soil Anomalies

Atlantic Lithium (A11:AU) has announced Pronounced Lithium-in-soil AnomaliesDownload the PDF here. Keep Reading...
Successful $8M Placement & SPP to Advance McDermitt & SPAC

Successful $8M Placement & SPP to Advance McDermitt & SPAC

Jindalee Lithium (JLL:AU) has announced Successful $8M Placement & SPP to Advance McDermitt & SPACDownload the PDF here. Keep Reading...
Options Prospectus

Options Prospectus

Jindalee Lithium (JLL:AU) has announced Options ProspectusDownload the PDF here. Keep Reading...

Latest Press Releases

Related News