North Arrow Minerals Inc. is pleased to announce that ground geophysical surveys and drilling are underway at the Redemption Diamond Project, Northwest Territories. The Redemption Diamond Project is located in the Lac de Gras region of the Northwest Territories, approximately 32 km southwest, and 47 km west of the Ekati and Diavik diamond mines, respectively.
Ground geophysical surveys will be completed this week and drilling is expected to continue through to the end of April, 2016. Drilling is focused on the discovery of a kimberlite bedrock source to the South Coppermine indicator mineral train.
North Arrow is exploring the Redemption property under an option agreement with Arctic Star Exploration Corp., under which North Arrow can earn a 55% interest by incurring $5 million in exploration expenditures prior to July 1, 2017.
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 Canadian diamond industry. North Arrow is currently evaluating each of the Redemption (NT), Pikoo (SK), Qilalugaq (NU), Lac de Gras (NT), Mel (NU), Luxx (NU) and Timiskaming (ON/QC) Diamond Projects. North Arrow's diamond 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 approves of the scientific and technical content in this news release.
North Arrow Minerals Inc.
President and CEO