North Arrow Announces Drilling Program is Underway at the Q1-4 Kimberlite, Naujaat Diamond Project, Nu
Suite 960 – 789 West Pender Street, Vancouver, BC, Canada V6C 1H2
Tel: 604 668 8355 / Fax: 604 604 336 4813
News Release
NORTH ARROW ANNOUNCES DRILLING PROGRAM IS UNDERWAY AT THE Q1-4
KIMBERLITE, NAUJAAT DIAMOND PROJECT, NU
June 28, 2017 Trading Symbol: TSXV: NAR #17-09
North Arrow Minerals Inc. (TSXV-NAR) is pleased to announce the start of a $3.2M exploration program at the Company’s
100% owned Naujaat (now-yat; formerly Qilalugaq) and Mel Diamond Projects, Nunavut.
Highlights of the exploration work to be completed this summer include:
At the Naujaat Project
4,500m of drilling intended to better delineate the Q1 -4 kimberlite, in particular between 200m and 300m below
surface;
Collection of a 200 tonne mini-bulk sample from the highest grade phase of the Q1 -4 kimberlite and intended to
better characterize the macrodiamond population, including a population of rare, fancy orangey yellow diamonds.
At the Mel Project
Detailed prospecting and geophysical surveys of high priority kimberlite indicator mineral (KIM) targets, which
could result in the discovery of a new kimberlite field.
Naujaat Diamond Project – A 4,500m drilling program has commenced at the Q1-4 kimberlite, located just 9 km from the
Hamlet of Naujaat (Repulse Bay). Drilling is intended to better delineate the kimberlite, in particular between 200m and 300m
below surface, and will also help confirm and update the internal geological model for Q1-4 and improve the deposit’s spatial
diamond dataset.
Ken Armstrong, President and CEO of North Arrow, stated, “We are pleased that drilling is underway at the Naujaat Project
for the first time in over 12 years. Q1-4 is a large kimberlite, having a surface area in excess of 12 ha and excellent potential
to extend at depth beyond the reach of past drilling efforts. The current program will provide important information to confirm
and update the size of the Q1 -4 kimberlite as well as improve our understanding o f its internal geology and diamond
distribution within the deposit. The 2017 summer drilling is part of a staged exploration program designed to define a NI 43 -
101 inferred resource down to a depth of at least 300m below surface.”
A 200 tonne mini-bulk sampl ing program is also scheduled for July . The program will utilize a mini-excavator to collect
approximately 250 mega-bags of kimberlite from the A61 phase of Q1-4, in an area where this coherent hypabyssal kimberlite
subcrops beneath approximately 0.5m of glacial till. Based on the May 2013 NI 43-101 inferred resource for Q1-4, A61 has
the highest model grade of the five phases or units that comprise the kimberlite and the 2017 mini-bulk sample is intended to
provide an indication of the characteristics of the macrodiamond population in this area of the deposit. The sample will be
shipped south in late August on Naujaat’s annual sea-lift and will be processed during the fall of 2017.
Mr. Armstrong continued , “As we have noted from North Arrow’s ongoing evaluation of Q1-4, this kimberlite hosts an
important population of fancy orangey yellow diamonds, which have been recovered from every phase of the kimberlite and
have the potential to positively impact the overall diamond value of the deposit. The 2017 mini-bulk sample will advance this
evaluation by providing an indication of the characteristics of these rare, coloured diamonds in the highest grade phase of the
deposit and will help with planning a larger bulk sampling program in 2018.”
Mel Diamond Project – As part of its overall 2017 exploration program, North Arrow field crews will also be conducting a
program of detailed prospecting and geophysical surveys at the Mel Project, located on the Melville Peninsula, approximately
210 km northeast of Naujaat and 140 km south of the Hamlet of Hall Beach . Prospecting will focus on areas up-ice from at
least two, and possibl y three, KIM trains sharply defined from previous sampling. Anomalous samples in this area include
the full suite of KIMs including magnesian ilmenite, and mantle-derived sub-calcic pyrope and eclogitic garnets, with counts
ranging from hundreds to in excess of 1,200 KIMs per 20 kg of till suggesting very close proximity to a kimberlite bedrock
source.
All of the kimberlite fields discovered to date in the eastern Canadian arctic, including at North Arrow’s Naujaat Project,
include at least some kimberlite bodies that occur in outcrop or subcrop and prospecting is considered a cost effective
exploration tool that could lead to the discovery of a new kimberlite field at Mel.
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. North Arrow is currently evaluating a number of projects including the Naujaat (formerly
Qilalugaq) (NU), Mel (NU), Pikoo (SK), LDG (NT), and Loki (NT) Diamond Projects. North Arrow also maintains a 100%
interest in the Hope Bay Oro Gold Project (NU), located approxi mately 3 km north of TMAC Resources’ new Doris Gold
Mine. North Arrow’s exploration programs are conducted under the direction of Kenneth Armstrong, P.Geo. (ON), President
and CEO of North Arrow and a Qualified Person under NI 43 -101. Mr. Armstrong has re viewed the contents of this press
release.
North Arrow Minerals Inc.
/s/ “Kenneth A. Armstrong”
Kenneth Armstrong
President and CEO
For further information, please contact:
Ken Armstrong
Tel: 604-668-8355 or 604-668-8354
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 acquisit ions; 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, e quipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insura nce
coverage and other risks of the mining industry; changes in national and local government regulation of mining operations, ta x 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.