North Arrow Completes 2017 Summer Drilling and Sampling Program 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 COMPLETES 2017 SUMMER DRILLING AND SAMPLING PROGRAM
AT THE Q1-4 KIMBERLITE, NAUJAAT DIAMOND PROJECT, NU
September 12, 2017 Trading Symbol: TSXV: NAR #17-11
North Arrow Minerals Inc. (TSXV-NAR) is pleased to announce it has completed its 2017 summer drilling and mini-bulk
sampling program at the Q1 -4 kimberlite at the Company’s 100% owned Naujaat ( now-yat; formerly Qilalugaq) Diamond
Project, Nunavut. The program focused on delineation drilling and mini-bulk sampling of the twelve hectare Q1-4 kimberlite,
one of the largest undeveloped diamond resources in Canada which also contains a significant population of extremely rare,
potentially high value, fancy intense to vivid orangey yellow diamonds as certified by the Gemological Institute of America
and Canadian Gem Labs . The Q1-4 kimberlite hosts a total Inferred Mineral Resource of 26.1 million carats from 48.8
million tonnes with an average +1 DTC total diamond content of 53.6 carats per hundred tonnes (cpht) extending from surface
to a depth of 205 m (-135 metres above sea level (masl)).
The summer program, which was initiated in early July, was completed on time and on budget earlier this month and represents
the first phase of a larger planned program to better define the size, grade and diamond content of the Q1-4 kimberlite in
support of an economic assessment. The deposit is well located, only 9 km from tidewater and w ork was conducted directly
from the Hamlet of Naujaat, allowing the program to be completed cost effectively without the need for a remote exploration
camp.
Program Highlights:
$2 million 2017 summer field program completed on time and on budget including fuel and drilling resupply for
2018; a further $1 million is earmarked for laboratory costs.
3,469 m of drilling completed in 11 holes confirms overall size of the Q1 -4 body and better defines the size and
shape of the kimberlite at depth.
Drilling has yielded 2,440 m of kimberlite core which will be used for petrography, indicator and microdiamond
analysis and will contribute to a new geological model planned for 2018 .
Drilling between 205 and 305 m below surface (-135 to -235 masl) confirms or expands previous interpretations of
overall pipe geometry with the potential to add significant mineral resources below 205 m (-135 masl).
The estimated surface area of the kimberlite at 305 m depth below surface (-235 masl) is at least 5 ha and the body
remains completely open to depth with the deepest drillhole terminating in kimberlite at a depth of 376 m (-311
masl).
A 234 wet tonne mini-bulk sample collected from a single pit, targeting an undertested area of the kimberlite will be
processed this fall for macrodiamonds and will contribute to a better understanding of overall diamond value and the
distribution of coloured diamonds within the Q1-4 kimberlite.
President and CEO, Ken Armstrong commented, “The field component of North Arrow’s 2017 program at the Q1-4 diamond
deposit has been completed on schedule and on budget, with the collection of over 2,400 m of kimberlite drill core and a 234
wet tonne mini -bulk sample. All samples have now been shipped south for processing and we look forward to seeing the
impact of these results on our current model as we plan for further drilling and bulk sampling of the kimberlite in 2018.”
Diamond Drilling
Eleven drill holes were completed during the program, totaling 3,469 m of drilling with approximately 2,440 m of kimberlite
core recovered. The holes are part of approximately 6,000 m of planned drilling to increase confidence in the Q1-4 geological
model, including the target for further exploration (TFFE) between 205 and 305 m below surface (-135 to -235 masl) outlined
in the most recent May 2013 technical report on the project. Drilling tested all five phases of the kimberlite with a number of
holes entering kimberlite earlier and/or staying in kimberlite longer than predicted using the current geological model. Three
drill holes (17Q-007, 17Q-008, and 17Q-010) collared in kimberlite and three holes (17Q-003, 17Q-004 and 17Q-011) were
terminated within kimberlite. The deepest drill hole into the kimberlite is 17 Q-004 which was terminated in kimberlite at a
depth of 376 m below surface (approximately -311 masl). The table below summarizes the main kimberlite intercept in each
drill hole and provides an indication of how each hole compared to modelled kimberlite/country rock contacts. Further drilling
is required in th e spring of 2018 prior to completing a new geological model, however the 2017 drilling has confirmed the
overall size of the Q1-4 kimberlite, although there will be changes to shape and internal geological contacts of the kimberlite.
* Kimberlite intervals do not i) include kimberlite dykes encountered in some holes outside of the geological model, or ii) account for country rock dilution
internal to the model in the form of country rock blocks and /or wedges. A total of nine country rock blocks (> 2.5 m u p to 25 m ; total: 113.7 m) were
encountered in holes 17Q-001 (3), 17Q-002 (2), 17Q-003 (1), 17Q-005 (2), and 17Q-011 (1).
** Numbers represent, in metres, more or (less) kimberlite than predicted with the current geological modelled.
Mini-Bulk Sample
As reported in North Arrow news release dated July 24, 2017, a 234 wet tonne mini-bulk sample was collected from a single
sample pit at the Q1-4 kimberlite. A total of 250 megabags of kimberlite were collected using a mini-excavator with kimberlite
exposed beneath 0.5 m to 1.0 m of glacial till. Initial evaluation of the exposed kimberlite identified a north trending internal
contact between distinct kimberlite phases and the sample was therefore divided into three subsamples: Blue Kimberlite (60
bags), Green Kimberlite (31 bags) and Mixed Blue -Green Kimberlite (159 bags). The “Green Kimberlite ” (tentatively
interpreted as part of the A61 phase) made up approximately 30% of the pit area and i s described as a dark green, massive,
very xenolith poor, very olivine rich, phlogopite coherent kimberlite with fine to very coarse macrocrysts (pre -dominantly
olivine) and a good mantle sample. The Blue Kimberlite (tentatively interpreted as part of the A88 phase) is a blue-green,
massive, poorly sorted, xenolith poor, olivine rich volcaniclastc kimberlite with fine to very coarse olivine an d a moderate
mantle sample. Further work, including petrography and indicator mineral and microdiamond analyses is required to confirm
the interpretation of each unit.
The 250 mini-bulk sample bags, as well as two seacans of drill core samples , are current ly en route to the Micro lithics
laboratory in Thunder Bay Ontario for macrodiamond, microdiamond and indicator mineral analyses. The samples are
expected to arrive at the lab in early October.
As part of the 2017 program, North Arrow also commissioned arc heological, ecological mapping and initial engineering
surveys of potential road routes from the Company’s lay down , located 1 km north of Naujaat, out to the Q1 -4 kimberlite.
Results of these surveys will be used to pursue permitting options for a road or winter trail to the kimberlite to take advantage
of the deposit’s close proximity the Hamlet of Naujaat during future evaluation and bulk sampling of the deposit.
About the Q1-4 Kimberlite
The Q1-4 kimberlite hosts a total Inferred Mineral Resource of 26.1 million carats from 48.8 million tonnes with an average
+1 DTC total diamond content of 53.6 carats per hundred tonnes (cpht) extending from surface to a depth of 205 m (-135
masl). Additional resource upside has also been identified in the form of a target for further exploration for the Q1-4 kimberlite
pipe of between 7.9 to 9.3 million carats from 14.1 to 16.6 million tonnes with an average +1 DTC total diamond content of
56.1 cpht, extending from 205 m depth to 305 m depth (-235 masl; please see North Arrow news release dated May 15, 2013
for details on this resource estimate).
Kimberlite/Country Rock Contacts
Drill Hole Kimberlite
Phase
End of
Hole (m)
Hole
Angle (°)
Hole
Azimuth (°)
Modelled
Entry (m)
Actual*
Entry (m)
Difference
(m)**
Modelled
Exit (m)
Actual*
Exit (m)
Difference
(m)**
17Q-001 A61/A28 299 -57 310 50 164 (114) 245 270 25
17Q-002 A61 296 -81 175 115 98 17 278 230 (48)
17Q-003 A48b/A88 398 -64 068 125 125 0 333 398 65
17Q-004 A48a/A48b 428 -61 053 66 23 43 316 428 112
17Q-005 A48a/A48b 326 -53 224 77 132 (55) 286 299 13
17Q-006 A28 380 -47 267 115 12 103 346 354 8
17Q-007 A28 371 -69 142 0 0 0 241 358 117
17Q-008 A28 101 -49 246 0 0 0 87 83 (4)
17Q-009 A61 238 -65 105 67 37 30 207 114 (93)
17Q-010 A61 291 -59 308 0 0 0 265 216 (49)
17Q-011 A88 333 -45 300 55 31 24 n/a n/a n/a
About North Arrow Minerals
North Arrow is a Canadian based exploration compan y 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 approximately 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 reviewed th e 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
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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 gene ral 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 op erate 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, 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.