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North Arrow Minerals Inc.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Unit 960 – 789 West Pender Street
Vancouver, BC
Canada V6C 1H2
Tel No.: 604-668-8355
Fax No.: 604-336-4813
Web Site: www.northarrowminerals.com
E-mail: nthomas@northarrowminerals.com
Contact Person: Nick Thomas
Position: Manager of Investor and Community Relations


Company Data

Traded Market: TSX-V
Traded Symbol: NAR
Outstanding Shares: 54.2 million
Public Float: approx. 29 million
52 Week High: $ 0.32
52 Week Low: $ 0.12
Present Price: Click Here


Introduction

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North Arrow Minerals Inc. is a Canadian based exploration company focused on the identification and evaluation of diamond exploration opportunities in Canada. The Company is developing a pipeline of quality Canadian diamond projects ranging from greenfields to the advanced-stage, most of which have already seen millions in past exploration expenditures.


Projects in Hand

Mel Project, Nunavut

North Arrow's 100%-owned 7,500 hectare Mel diamond project is located in Melville Peninsula, Nunavut, within 18 kilometres of the Arctic Ocean, near the community of Naujaat.

Project Highlights

  • Two areas identified from public assessment files identified as the North Train and the South Train.
  • Small scale till sampling and prospecting programs have been conducted and have traced the North Train indicator trains to source.
  • Multiple unsourced KIM trains within the "North Train" are now well-defined from over 350 till samples taken by NAR.
  • Till sample results from 111 samples taken in summer 2016 successfully cut off the KIM trains of the North Train; ready for ground geophysics and drilling.

Drilling permits have been applied for which, approval and financing dependent, may allow for North Arrow to drill priority targets as early as the summer of 2017.

Naujaat (Qilalugaq) Project, Nunavut

North Arrow's 100%-owned 10,742 hectare Naujaat Project, located on the isthmus of the Melville Peninsula, Nunavut, lies 9 km north of Naujaat (Repulse Bay). The Project hosts the large Q1-4 kimberlite which contains a population of fancy orangey yellow diamonds that are unique in Canada.

Project Highlights

  • 12.5 hectare Q1-4 kimberlite is largest diamondiferous kimberlite pipe in eastern Canadian Arctic; located only 7 km from tidewater.
  • Rare population of orangey yellow diamonds (~21% by carat weight) represent separate, younger population of diamonds than the white population.
  • 2016 work focused on studying, cutting, polishing, colour certifying and valuing some of nicest rough orangey-yellow diamonds; working backwards from polished values suggests a significantly higher value for the yellow diamonds than 2015 rough valuation.
  • Delineation drilling and additional surface trench sampling planned for 2017.
  • Inferred Mineral Resource (May 15, 2013) estimated to be 26.1 million carats from 48.8 million tonnes, total diamond content of 53.6 carats per hundred tonnes (cpht).

Pikoo Project, Saskatchewan

North Arrow's 100%-owned 33,374 hectare Pikoo Project is located in east central Saskatchewan, approximately 10 km north of the community of Deschambault Lake.

Project Highlights

  • Canada's newest diamondiferous kimberlite field.
  • PK 150 kimberlite yielded exceptional initial microdiamond numbers; drilling has determined body to be ~10-15 m wide, at least 150 m in strike length, and traceable to at least 199 m depth.
  • 2016 spring drilling program discovered two to four new bodies, the most significant in size being PK 346.
  • 2016 summer till sampling results confirm additional unsourced indicator trains on the property.
  • Ten discrete kimberlite occurrences drilled to date, five of which have proven to be diamondiferous.
  • Four Additional Grassroots Projects
  • Lac de Gras Project, Northwest Territories
  • The 125,000 hectare Lac de Gras Project is located in the Lac de Gras kimberlite field, close to world class Ekati and Diavik diamond mines.
    • ~39% North Arrow, ~61% Dominion Diamond Corporation
    • Dominion 2017 budget to be announced soon and will include ground geophysics and drilling of kimberlite targets; whether NAR will participate is undetermined at this time.

    Loki Project, Northwest Territories

    North Arrow's 100%-owned 7,059 hectares Loki Project is located within the Lac de Gras district, in close proximity to Canada's Diavik and Ekati diamond mines.

    • Project covers previously untested target areas related to the Monument kimberlite cluster which may be drill tested in 2017.
    • Project contains the EG05 kimberlite.

    Luxx Project, Nunavut

    North Arrow's 100%-owned 40,470 hectare Luxx Project is located approximately 60 km from the community of Chesterfield Inlet.

    • At least one and possibly three distinct kimberlite indicator mineral (“KIM”) trains defined.
    • KIM trains are located within 20 km of the Churchill kimberlite cluster.
    • Permitted and drill ready.

    Timiskaming Project, Ontario

    The ~3,500 hectare Timiskaming Project is located in northeastern Ontario.

    • 80% North Arrow; 20% Stornoway Diamond Corporation
    • Kimberlite 95-2 is located within the project area.
    • Additional undiscovered kimberlites may be located within the project area.

    Investment Highlights

    • A Strong Team
      • A respected management group and board responsible for the discovery of numerous kimberlites in Canada and Africa (including Canada's Diavik diamond mine) with experience in all stages of diamond project development.
    • Quality Projects
      • Seven prime Canadian diamond projects from greenfields to advanced-stage, most of which have already seen millions in past exploration.
    • Diamond Supply/Demand
      • Globally, there are very few advanced diamond projects approaching production and a shortage of companies actively exploring for new deposits. China, India and the US are predicted to be major drivers of polished demand in the medium to long-term.
    • Attractive Share Structure
      • 54.2 million shares outstanding, 59.3 million shares fully diluted.
    • Key Shareholders
      • Largest single shareholder is Zebra Holdings and Investments at 18.3%; management holds approximately 16.5%; JP Morgan 9.2%.


    Management

    Management

    Kenneth A. Armstrong, P.Geo., President and CEO

    Mr. Armstrong has over 20 years of experience in the exploration industry. Mr. Armstrong has diamond exploration and evaluation experience with Diavik Diamond Mines Inc., Aber Resources, De Beers, Navigator Exploration, and Stornoway Diamond Corporation. North Arrow's diamond exploration programs are conducted under the direction of Mr. Armstrong, a Qualified Person under NI 43-101.

    Wayne Johnstone, CA, Chief Financial Officer

    Mr. Johnstone has over 30 years of financial experience with public and private companies. Mr. Johnstone was previously Chief Financial Officer of Creston Moly Corp.

    Brenda Nowak, Corporate Secretary

    Ms. Nowak has 20 years of experience in the securities legal industry, and has been Corporate Secretary for International Northair Mines Ltd., New Dimension Resources Ltd. and Troon Ventures Ltd. since 2007.

    Eira M. Thomas, Advisor

    Ms. Thomas' career in the mining industry spans more than 20 years. She has extensive diamond exploration and development experience in Canada and Africa.

    William Lamb, Advisor

    Allison Rippio-Armstrong, Advisor

    Directors

    D. Grenville Thomas, Chairman

    Kenneth A. Armstrong

    Dr. Christopher Jennings

    Blair Murdoch


    News Update

    On September 12, 2017, North Arrow Minerals Inc. announced that it has completed its 2017 summer drilling and mini-bulk sampling program at the Q1-4 kimberlite at the Company's 100-per-cent owned Naujaat (now-yat; formerly Qilalugaq) diamond project, Nunavut.

    On July 24, 2017, North Arrow Minerals Inc. announced that it has collected 234 tonne mini-bulk sample from Q1-4 kimberlite at the Company's 100%-owned Naujaat (formerly Qilalugaq) diamond project in Nunavut.

    On June 23, 2017, North Arrow Minerals Inc. announces that the Company has granted a total of 2,230,000 incentive stock options to Directors, Officers, Employees and consultants to the Company.

    On May 2, 2017, North Arrow Minerals Inc. announced that it has arranged to complete a non-brokered private placement of up to 20 million units at a price of 25 cents per unit for gross proceeds of $5-million. As part of the private placement, Electrum Strategic Opportunities Fund LP and Ross Beaty have each agreed to make an investment of $2-million, together $4-million, toward the private placement. The net proceeds of the private placement will be used for general working capital and to finance the continued evaluation of North Arrow's Canadian diamond exploration properties.

    The net proceeds of the private placement will be used for general working capital and to finance the continued evaluation of North Arrow's Canadian diamond exploration properties.

    On April 03, 2017, North Arrow Minerals Inc. provided an update on its Loki and LDG diamond projects located at the Lac De Gras region of the Northwest Territories. North Arrow recently received an exploration drilling permit for Loki which allows the company to drill test these exploration targets as well as conduct additional drilling on EG05 to better define the kimberlite's size and diamond potential. Planning is under way for ground geophysical surveys over selected priority targets during the spring of 2017 and, if warranted, exploration drilling.

    North Arrow is also pleased to report that exploration has started at the 147,200-hectare LDG project located south of the Diavik diamond mine and immediately east of the company's Loki project. The LDG project is a joint venture between North Arrow and Dominion Diamond Corp.

    North Arrow also reports that William Lamb has resigned from the company's board of directors and has agreed to join North Arrow's advisory committee. Allison Rippin-Armstrong has also joined the North Arrow advisory committee.

    On March 30, 2017, North Arrow Minerals Inc. announced that it has entered a purchase and sale agreement with Crystal Exploration Inc. (TSX-V:CEI) under which Crystal will acquire North Arrow's 100% interest in the Contwoyto Project, Nunavut, including the Butterfly gold prospect.

    North Arrow Video Presentation on the Hope Bay Oro Gold Project, Nunavut:
    https://www.youtube.com/watch?v=9Ms-FxYAAxA&t

    On February 15, 2017, North Arrow Minerals Inc. announced that it has closed the previously disclosed property purchase agreement with Stornoway Diamond Corp., under which North Arrow has acquired Stornoway's remaining interests in the Qilalugaq and Pikoo diamond projects (please see North Arrow news release dated Jan. 17, 2017). North Arrow now holds 100-per-cent interests in both projects.

    On February 8, 2017, North Arrow Minerals Inc. announced that initial kimberlite indicator mineral (KIM) results have been received from 111 till samples collected from the Mel project located in Nunavut. One highly anomalous sample has returned in excess of 1,200 KIMs per 20 kilograms of till. The KIM trains within the northern Mel project area are now very well defined and cut off at source. Drill permits are pending.


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