North Arrow Reports Start of Exploration Drill Program Ldg Joint Venture Diamond Project, LAC de Gras, Nwt
Suite 960 – 789 West Pender Street, Vancouver, BC, Canada V6C 1H2
Tel: 604 668 8355 / Fax: 604 336 4813
News Release
NORTH ARROW REPORTS START OF EXPLORATION DRILL PROGRAM
LDG JOINT VENTURE DIAMOND PROJECT, LAC DE GRAS, NWT
July 4, 2019 Trading Symbol: TSXV: NAR #19-06
North Arrow Minerals Inc. (TSXV-NAR) is pleased to report it has been notified by joint venture partner and operator
Dominion Diamond Mines that mobilization is underway for the summer field program, including exploration drilling, at the
LDG Joint Venture Diamond Project, Northwest Territories.
Summer exploration work is scheduled to include LIDAR surveying, till suitability mapping and sampling and approximately
1,000m of exploration drilling. Drill crews are to mobilize to camp this week. Drilling will commence shortly thereaf ter,
testing two target areas delineated during the recently completed spring geophysics campaign, including the Gri d 4 target
defined by an OhmMapper resistivity anomaly coincident with gravity and magnetic lows located adjacent to a diabase dyke
(see image below).
The summer exploration program i s
expected to run through to the end of
July and is part of a $2.8M 2019
exploration program designed to
focus on kimberlite discovery in this
prospective 147,200 hectare joint
venture property located adjacent to
the south of the Diavik D iamond
Mine. The 2019 exploration
program is being fully funded by
Dominion after which it is expected
North Arrow will retain a n
approximate 21% interest in the
project.
Dominion is the operator of the joint
venture and field operations are
being managed by Aurora
Geosciences based in Yellowknife
NWT. The contents of this news
release have been reviewed by Ken
Armstrong, P.Geo. (ON), President
and CEO of North Arrow and a
Qualified Person under NI 43-101.
Grid 4 Kimberlite Target: OhmMapper resistivity anomaly (darkest blue), coincident
with gravity low (other blue shades) and magnetic lows (contours) located adjacent to a
diabase dyke.
About North Arrow Minerals
North Arrow is a Canadian based exploration company focused on the identification and evaluation of diam ond exploration
opportunities in Canada. North Arrow’s management, board of directors and advisors have significant successful experience
in the global diamond industry. North Arrow’s most advanced diamond project is the large, well located Q1-4 diamond deposit
at the Naujaat Project (NU) where planning is underway for collection of a lar ge, 10,000 bulk sample . The Company has
discovered and is evaluating kimberlite fields at the Mel (NU) and Pikoo (SK) Projects, is evaluating and exploring for
additional kimberlites at the Loki Project (NWT) and has exposure to discovery drilling at the LDG JV Project (NWT) with
partner Dominion Diamond Mines. The Company also maintains a 100% interest in the Hope Bay Oro Gold Project (NU),
located approximately 3 km north of TMAC Resources’ Doris Gold Mine.
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 t o 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 o f
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, lab our 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
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.