North Arrow Reports 1.82% Li2O over 4m at the Destaffany Lithium Project, Nwt August Xx, 2023
Suite 960 – 789 West Pender Street, Vancouver, BC, Canada V6C 1H2
Tel: 604-668-8355
News Release
NORTH ARROW REPORTS 1.82% Li2O OVER 4m AT THE
DESTAFFANY LITHIUM PROJECT, NWT
August xx, 2023 Trading Symbol: TSXV: NAR #23-16
North Arrow Minerals Inc. (TSXV-NAR) (“North Arrow”) is pleased to report channel sample assay results from its 100%
owned DeStaffany Lithium Property, Northwest Territories. Highlights include:
• Results have been received for 68 rock sawn channel samples collected from 20 channels testing four pegmatites.
• Significant lithium mineralization has been returned from 9 of 14 channels (54 samples) testing a 260m strike extent
of the Moose 1 pegmatite, including 1.81% Li2O over 4m and 1.42% Li2O over 4m from channels MS1-1 and
MS1-2, respectively.
• 0.84% Li2O over 4m was returned from Channel MS2-1 in an area of the Moose 2 pegmatite previously mapped
as lacking lithium (spodumene) mineralization.
• The Moose 3 pegmatite returned 1.10% Li 2O over 2m , supporting observations of abundant spodumene
mineralization at this newly discovered locality.
• Location and length of individual channels was restricted to available outcrop exposures and do not reflect the full
width of each pegmatite. Moose 1 and Moose 2 range up to 11m and over 30m in width, respectively.
Ken Armstrong, President and CEO of North Arrow commented,
“Ongoing evaluation work at the DeStaffany property continues to
support the significant lithium potential of the Moose pegmatites.
Systematic channel sampling of the Moose 1 pegmatite has
confirmed extensive zones of spodumene mineralization. Zonation
within Moose 1 is very similar in character to the Moose 2
pegmatite, where spodumene mineralization has also been
extended southwards into an area that had been previously mapped
as unmineralized. We now look forward to receiving results of
mineral characterization samples from Moose 1 and Moose 2 that
are currently being processed, and North Arrow is also making
plans to move forward with a drilling program to test the depth
extent and along strike continuity of spodumene mineralization in
the Moose 1, 2 and 3 pegmatites.”
A summary of compiled assays and pegmatite locations can be
found in Figure 2 below. Satellite images showing the Moose
pegmatites and the channel sample locations are available here.
The majority of channel samples were collected from the Moose 1
pegmatite, which had seen limited historical evaluation. Moose 1
has been mapped in outcrop over a north -south strike length of
approximately 350m. Fourteen channels ( 54 samples) , r anging
from 3m to 5m in length, were cut over an approximate 260m strike
extent of the pegmatite. Assays confirm that sp odumene
mineralization is consistent over the southern two thirds of the
Figure 1: Channel samples taken from the Moose 1
pegmatite. Inset: Rock saw at work cutting a channel
for sampling at Moose 1 pegmatite.
DeStaffany Project, June 2023.
pegmatite ( channels MS 1-1 through MS1 -10), commonly occurring as abundant, large crystals (megacrysts) tens of
centimetres in size.
Two new channel samples were collected from the southern extent of the Moose 2 pegmatite, including channel MS2-1 which
returned 0.84% Li2O over 4m, in an area where spodumene mineralization had not been previously noted. Spodumene
mineralization has now been traced at surface over a 275m stri ke extent of the Moose 2 pegmatite, which is located
approximately 1.2 km to the east of Moose 1.
Sampling of the new Moose 3 and Moose 4 pegmatites (please see North Arrow news release dated July 11, 2023) was limited
by available bedrock exposures, however collected samples have returned elevated lithium values, particularly at Moose 3
where spodumene crystals in excess of 30 centimetres were noted during mapping and a single channel has returned 1.10%
Li2O over 2m. The size and orientation of Moose 3 and Moose 4 remain uncertain, but pegmatite exposures have been traced
over 75m and 30m, respectively. Three small (1m to 2m) channels from Moose 4 returned anomalous values up to 0.25%
Li2O and from 176 to 562 ppm Ta2O5
Figure 2: Satellite image of DeStaffany Lithium property with locations of Moose Pegmatites and table of channel sample results
Sample Collection, Laboratory Procedures and QA/QC
Samples were collected from 20 cut channels testing the Moose 1, 2, 3, and 4 pegmatites. Channel lengths were determined
by available, relatively flat, exposed outcrop, rather than pegmatite/country rock contacts, and range from 1m to 5m in length.
Where possible, channels were oriented perpendicular to locally mapped or inferred contact s. Channels were cut using a
portable rock saw, with sampled material chipped from between parallel incisions cut nominally 3 -4 cm apart and 3 -4 cm
deep. Individual samples were collected at 1m intervals into plastic polymer bags, with regular insertion of blanks, duplicates
and certified reference materials. Samples were transported from the field 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 2O. Results passed QA/QC screening at ALS and North Arrow’s
inserted standards and blanks returned results within acceptable limits.
North Arrow’s exploration programs are conducted under the direction of Kenneth Armstrong, P.Geo., 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.
About the DeStaffany Lithium Project
The DeStaffany Lithium Project is located on the shore of Great Slave Lake, approximately 115 km east of Yellowknife,
NWT. The property hosts four lithium-tantalum-niobium pegmatites, which form part of the Yellowknife Pegmatite Province.
The Moose 2 pegmatite was briefly mined in the 1940’s for tantalum and niobium. Despite the exposure of very large
spodumene crystals up to one metre in length within historic mine workings, the Moose pegmatites have never been subject
to a focused evaluation of their lithium potential. S podumene is the primary lithium -bearing mineral of interest in these
deposits, and sampling of exposed mineralization has allowed for spodumene recovery and characterization s amples to be
collected and processed in 2023. The property’s location on Great Slave Lake allows for barge access from Yellowknife and
railhead at Hay River. Planning is in progress to conduct initial delineation drilling in 2024.
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 three, 100% owned spodumene pegmatite
projects in the NWT (the DeStaffany, LDG and MacKay Lithium Projects) , 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 Minerals Inc.
/s/ “Kenneth A. Armstrong”
Kenneth Armstrong
President and CEO
For further information, please contact:
Ken Armstrong or Nick Thomas
Tel: 604-668-8354 or 778-229-7194
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 r elated to general economic and market conditions; closing of
financing; the timing and content of upcoming work programs; actual results of proposed exploration activities; possible vari ations in mineral resources or
grade; failure of plant, equipment or p rocesses 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, ta x rules and reg ulations.
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 forw ard-looking statements. North Arrow undertakes no obligation or responsibility to update forward -looking statements, except
as required by law.