North Arrow Reports Assays from Spodumene Pegmatites at the Ldg Lithium Project, Nwt Exploration Fieldwork Underway
Suite 960 – 789 West Pender Street, Vancouver, BC, Canada V6C 1H2
Tel: 604-668-8355
News Release
NORTH ARROW REPORTS ASSAYS FROM SPODUMENE PEGMATITES AT THE LDG
LITHIUM PROJECT, NWT
EXPLORATION FIELDWORK UNDERWAY
September 18, 2023 Trading Symbol: TSXV: NAR #23-17
North Arrow Minerals Inc. (TSXV-NAR) (“North Arrow”) is pleased to report initial lithium assays from spodumene
pegmatites discovered in July at the company’s 100% owned LDG Property, Northwest Territories, and that mobilization is
underway for a fall exploration program at the property. Highlights of today’s news include:
• Five of seven representative grab samples from the SD4 spodumene pegmatite have returned from 1.10% Li2O to
2.17% Li2O.
• Seven of eight rock sawn channel samples from the SD2 spodumene pegmatite have returned from 0.40% Li2O to
1.70% Li2O.
• Based on mapping of low-relief outcrop exposures, SD2 and SD4 are interpreted as steeply dipping (75-80 degrees)
feldspar-quartz-muscovite-spodumene pegmatites, estimated at 10-20 m wide and over 400 m in strike length. The
pegmatites are located approximately 2 km apart and remain open below overburden along strike.
• Spodumene is coarse grained and locally abundant in both pegmatites, reaching 15-20% in some outcrops.
• Follow up exploration field work is underway with planned work to include mapping, prospecting and ground
magnetic surveys as well as spotting initial proposed drill holes ahead of a spring 2024 exploration drill program.
Ken Armstrong, President and CEO of North Arrow commented “We are pleased to confirm significant lithium assays from
the SD2 and SD4 spodumene pegmatites discovered this summer at North Arrow’s LDG lithium propert y. Unfortunately,
plans for drilling the property in
September were suspended as a result
of the wildfires impacting residents of
the NWT. However, with thanks to
the tremendous work of fire fighters,
numerous volunteers and
governments, NWT residents are
safely returning to their communities,
and we are able to renew field work
focused on understanding the size
potential of these pegmatites, as well
as prospecting for new discoveries
within this highly prospective area.”
The LDG property covers a n 18 km
corridor of underexplored
metasedimentary rocks located adjacent to a fertile, two-mica granite, very similar in age and setting to the host rocks of the
spodumene pegmatites of the Yellowknife Pegmatite Province. At LDG, less than seven kilometres of this prospective trend
have been prospected to date and, in addition to SD2 and SD4, at least five other pegmatites, up to 50 m wide, have been
identified and require further mapping and sampling to understand their potential to host significant lithium mineralization.
Located within 5 km of the winter road infrastructure connecting Yellowknife with the Lac de Gras region, the size potential
and lithium mineralization of the SD2 and SD4 pegmatites highlight the potential of the LDG property to host a significant
SD4 Pegmatite Inferred Extent
spodumene lithium discovery on par with the
Yellowknife Pegmatite Province. Current field
work is expected to include prospecting for
additional spodumene pegmatites, bedrock
mapping, rock and soil sampling and ground
magnetic surveys.
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 1 m intervals, chipped from between parallel
incisions cut nominally 3 -4 cm apart and 3 -4 cm
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 2 mm screen), SPL-21 (split sample - riffle split), and PUL-31 (pulverize up to 250 g to 85% passing
through a 75 -micron screen). A 0.2 g 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. 2 g
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.
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. (NT/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
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 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 vari ations 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
SD2 Pegmatite
Inferred Extent
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 respons ibility to update forward -looking statements, except
as required by law.