North Arrow Minerals Inc (CVE:NAR) (OTCMKTS:NHAWF) (FRA:VTJ1) revealed new updates from its CSI and Loki diamond projects in Canada’s northern territories.
The Vancouver-based firm said that it has started a short till sampling program on the newly-staked CSI project in Nunavut, located just west of the Muskox and Jericho kimberlite areas.
North Arrow told investors it believes the property “could potentially host a bedrock source for regionally anomalous kimberlite indicator mineral samples reported by earlier workers.”
READ: North Arrow Minerals unveils new target on its Loki project in Lac de Gras, highlighting further potential in Canada's Northwest Territories
The till sampling program is designed to test new interpretations of surficial geology in the area, which could help identify a kimberlite source within the property, it added.
At Loki, which is located in the Lac de Gras region of the Northwest Territories, North Arrow said that it had not discovered kimberlite during a six-hole drill program.
“The prominent kimberlite indicator mineral train that terminates in the Loki area remains unexplained,” the company said in a statement. “Overburden samples collected during the program will be processed for indicator minerals to help with ongoing interpretation.”
North Arrow has a portfolio of mineral projects in Canada, including its flagship Q1-4 diamond deposit at the Naujaat project. In addition to its diamond projects, the company maintains a 100% interest in the Hope Bay Oro gold project in Nunavut.
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