North Arrow Reports Highly Anomalous Till Sample Result from the Mel Diamond Project
Suite 960 – 789 West Pender Street, Vancouver, BC, Canada V6C 1H2
Tel: 604 668 8355 / Fax: 604 604 336 4813
News Release
NORTH ARROW REPORTS HIGHLY ANOMALOUS TILL SAMPLE RESULT FROM THE
MEL DIAMOND PROJECT
February 8, 2017 Trading Symbol: TSXV: NAR #17-02
North Arrow Minerals Inc. (TSXV-NAR) is pleased to provide an update on its 100% owned Mel Diamond Project located
in Nunavut within 18km of the Arctic Ocean, approximately 140km south of the community of Hall Beach and 210km north
of North Arrow’s Naujaat (Qilalugaq) Diamond Project near the community of Naujaat.
Initial kimberlite indicator mineral (KIM) results have been received from 111 till samples collected from the Mel Project in
August 2016. The 2016 sample program evaluated an area extending 2 km up ice from the interpreted head of at least two,
and possibly three , KIM trains defined by previous sampling programs. For the most part , the 2016 samples are barren of
KIMs, indicating the KIM trains are well cut off within the project area. Additionally, several samples collected near the head
of the KIM trains have ret urned anomalous results , including one highly anomalous sample that has returned in excess of
1,200 KIMs per 20kg of till, an order of magnitude more KIMs than the most anomalous of previous samples collected from
the project (please see North Arrow news release dated April 5, 2016 for details of previous sampling), suggesting very close
proximity to a kimberlite bedrock source. The suite of indicator minerals recovered from the samples includes mantle-derived
magnesian ilmenite, and sub-calcic pyrope and eclogitic garnets.
Ken Armstrong, President and CEO of North Arrow, stated “The collection of so many barren samples in 2016 represents the
desired result for th is program. The KIM trains within the northern Mel Project area are now very well defined and the
collection of a till sample returning in excess of 1, 200 mantle -derived kimberlite indicator minerals provides a strong
indication that it was collected in close proximity to a kimberlite bedrock source. We look forward to conducting detailed
prospecting and geophysical surveys of these targets in 2017 and receiving the required land use permits to conduct an
exploration drill program at Mel.”
A video presentation discussing today’s results is available at https://youtu.be/ORyk8aorOQU.
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 Canadia n diamond industry. In addition to the Mel Project, North Arrow is also currently evaluating the Naujaat
(Qilalugaq) (NU), Pikoo (SK), Loki (NWT), Lac de Gras (NWT), Luxx (NU) and Timiskaming (ON) D iamond Projects.
North Arrow also maintains a 100% interes t in the Oro Hope Bay G old Project (NU), located approximately 3km north of
TMAC Resources’ new Doris Gold Mine. 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
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 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 governme nt 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.