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.

About North Arrow Minerals

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.

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

News Provided by Canada Newswire via QuoteMedia

north arrow minerals nar:cc tsxv:nar battery metals investing Battery Metals Investing

NAR:CC

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."

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

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.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

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.

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 .

About North Arrow Minerals

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.

SOURCE North Arrow Minerals Inc.

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

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

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 .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

E-Power Resources Inc. Announces Closing of a Third and Final Tranche of Oversubscribed Private Placement

E-Power Resources Inc. (CSE: EPR) ("E-Power" or the "Company") announces that it has closed a third and final tranche of the private placement previously announced on September 24, 2024 (the "Private Placement"). The oversubscribed private placement was originally announced for $420,000, but a total of $526,264 was raised in all three tranches.

An aggregate of 3,150,000 units (the " Units") of the Company were issued in the third and final tranche at a price of $0.05 per Unit for gross proceeds of $157,500, each Unit being comprised of one common share in the capital of the Company (each a "Common Share") and one-half common share purchase warrant (each a "Warrant"), each Warrant entitling its holder thereof to acquire one additional common share (each a "Warrant Share") at a price of $0.10 per Warrant Share for a period of 60 months from the closing date. (the "Offering").

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Edison Lithium Arranges Sale of Interest in Argentinian Lithium Properties for US$3.5 Million

Edison Lithium Corp. (TSXV: EDDY) (OTC Pink: EDDYF) (FSE: VV0) ("Edison" or the "Company") is pleased to announce that, effective November 12, 2024, it has accepted a non-binding purchase offer letter from Mava Gasoil LLC ("Mava"), a corporation based in Houston Texas, for the sale of 100% of the interest in the Company's Argentina subsidiary, Resource Ventures S.A. ("ReVe"), in consideration for USD$3,500,000. One of the LEXI claims owned by ReVe and the royalties on that mining property, and the PINAC mining properties owned by ReVe are excluded from the sale and will be retained by Edison.

ReVe controls the rights to prospective lithium brine claims in the province of Catamarca, Argentina. The claims are principally located in the two geologic basins known as the Antofalla Salar and the Pipanaco Salar. ReVe's assets on closing of the disposition to Mava will include 30 mining concessions covering approximately 104,538 hectares area in Catamarca Province, Argentina. The Company will retain and focus its Argentinian efforts on 8 mining concessions covering approximately 35,000 hectares area in Catamarca Province, Argentina, which are not subject to the sale and amount to approximately 25% of the claims currently held by ReVe.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

South Crofty Summary (JORC 2012) Mineral Resource Estimate
Area	Classification	Mass (kt)	Grade	Contained Tin / Tin Equivalent (kt)
Lower Mine	Indicated	2,896	1.50% Sn	43.6
Lower Mine	Inferred	2,626	1.42% Sn	37.4
Upper Mine	Indicated	260	0.99% SnEq	2.6
Upper Mine	Inferred	465	0.91% SnEq	4.2

Cornish Metals	Fawzi Hanano Irene Dorsman	investors@cornishmetals.com info@cornishmetals.com
		Tel: +1 (604) 200 6664
SP Angel Corporate Finance LLP (Nominated Adviser & Joint Broker)	Richard Morrison Charlie Bouverat Grant Barker	Tel: +44 203 470 0470

Cavendish Capital Markets Limited (Joint Broker)	Derrick Lee Neil McDonald Leif Powis	Tel: +44 131 220 6939 Tel: +44 207 220 0500

Hannam & Partners (Financial Adviser)	Matthew Hasson Andrew Chubb Jay Ashfield	cornish@hannam.partners Tel: +44 207 907 8500

BlytheRay (Financial PR)	Tim Blythe Megan Ray	tim.blythe@blytheray.com megan.ray@blytheray.com Tel: +44 207 138 3204

Loop	Conductor	Drillhole	Conductivity-thickness (s)	Dimensions (Strike x Dip)	Dip/Dip-direction	Depth to top (mRL)
Loop 1	NA	PAL0352	-	-	-	-
Loop 2	NA	PAL0072, PAL0362	-	-	-	-
Loop 3	South Palokas Deep "A"	PAL0367	100	130m x 200m	48/333	-340m
Loop 3	South Palokas Deep "B"	PAL0367	110	120m x 110m	17/314	-370m
Loop 3	Palokas Deep	PAL0200	160	100m x 135m	34/330	-129m
Loop 4	Hirvimaa	PAL0073	150	150m x 150m	12/103	-50m
Loop 5	Raja Footwall	PAL0171, PAL0355	80	70m x 110m	44/326	-125m

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

Latest News

Latest Press Releases

Related News

TOP STOCKS