Diamond exploration is a challenging business, a hunt for the proverbial “needle in a haystack”. Regional till sampling for kimberlite indicator minerals identifies broad areas of interest that often need multiple years of tighter spaced follow-up sampling to narrow down their source areas.
Airborne geophysical surveying can identify anomalies near these source areas. Ground geophysical surveying and drilling of these targets may then lead to discovery of kimberlite, the type of volcanic rock responsible for transporting diamonds to the surface from 150 km beneath the surface. It’s time consuming and expensive – with no guarantees of any success.
North Arrow Minerals Inc. (TSX: V.NAR, OTCQB: NHAWF, Forum) is already assessing one “needle”: its Naujaat Diamond Project. That Project contains a population of unique fancy diamonds with a very rare orangey-yellow colour that commands a premium in the gem trade.
Now the Company is reporting its second “needle”: a new diamond discovery on NAR’s 100%-owned Mel Project. Mel is also located in Nunavut, on the Melville Peninsula, roughly 210 km northeast of Naujaat. On October 16, 2017; North Arrow announced that a 62.1 kg sample had returned 23 diamonds larger than 0.106 mm in size. One of those diamonds exceeded 0.85 mm.
New exploration has identified kimberlite over a length of 100 meters. This is one of several kimberlite indicator mineral (KIM) trains already identified within the Project boundaries. Equally important to the Company (and its shareholders), exploration results at Mel have been achieved very efficiently. Stockhouse recently had the opportunity to check in with NAR’s President and CEO, Ken Armstrong, to dig beneath the surface of the Company’s new discovery.
northarrowminerals.com
Download this episode (right click and save)
FULL DISCLOSURE: North Arrow Minerals Inc. is a paid client of Stockhouse Publishing.