Voiceover presentation from the March 4, 2019 PDAC Investor
Presentation; starts Mel Project slides.

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aNorth Arrow’s diamond exploration programs are conducted under the direction of President and CEO, Ken Armstrong, a Qualified Person under NI 43-101. Mr. Armstrong has reviewed and approved all information posted on this page that is of a scientific or technical nature.

Summary

Location:  Melville Peninsula, Nunavut
Size: 56,000 hectares
Ownership: 100% North Arrow
Stage: Discovery stage, with continued target definition and/or delineation of known kimberlites
Closest Infrastructure:  18 km from tidewater; 140 km south of the hamlet of Sanirajak (formerly Hall Beach); 210 km northeast of the hamlet of Naujaat.


Highlights


Overview

The Mel Project consists of approximately 56,000 hectares of mineral claims on the Melville Peninsula, approximately 140 km south of the community of Sanirajak (formerly Hall Beach) and 210 km northeast of the community of Naujaat which is also the location of North Arrow's Naujaat Diamond Project. The property is located within 20 km of tidewater and hosts two areas with kimberlite indicator mineral "KIM" trains (North Mel and South Mel) originally defined from over 500 till samples recorded in public assessment files. The mineral trains are composed of pyrope and eclogitic garnets, as well as ilmenite.

Infill and up-ice till sampling was conducted in short summer programs from 2013 to 2016 to define the Mel North KIM train and establish cut-offs for what appears to be at least three distinct indicator trains.  Prospecting at North Mel in late August 2017 resulted in the discovery of a sub-cropping kimberlite body coincident with a magnetic anomaly (ML8).  A 62 kg sample was subsequently processed for micro-diamonds using caustic fusion and yielded 23 diamonds larger than the 0.106 mm sieve size, including a single, colourless diamond larger than the 0.85 mm sieve size (see press release dated Oct. 16, 2017).  In October 2017, North Arrow initiated staking of the area between North Mel and South Mel following the discovery of the ML8 kimberlite expanding the Mel Project landholdings from 7,500 ha to 56,000.

The 2018 exploration program consisted of a total of 787.5 metres of drilling completed in six holes (see map of drill locations).  The program led to the extension of the ML-8 kimberlite dike to over 170m in strike length as well as the discovery of the ML345 kimberlite, another dike located approximately 1.5 km south of ML8.  A 224 kg sample of the ML8 kimberlite was extracted from the prospecting discovery location to gain more information on the nature of the diamond population.  The first 129 kg were processed for microdiamonds with the results announced on November 13, 2018 with the remainder announced on January 24th, 2019

Core from the 18-ML-03 drill location (testing ML-8) displayed multiple cracked country rock and kimberlite intercepts below what is interpreted to be ML-8 and is interpreted to represent a separate kimberlite now referred to as the ML-8 (Lower).  A 24.15 kg sample of drill core was collected from kimberlite intervals encountered in drill hole 18-ML-03 between 85.84 and 96.55m downhole and processed for microdiamonds using caustic fusion analysis.  The 24 kg sample returned 8 diamonds greater than the 0.106 mm sieve size, including one diamond greater than the 0.85 mm sieve size (see January 24, 2019 press release). 

Prior to the 2018 exploration program Palmer Environmental were contracted to identify evidence of more localized glacial & glacio-fluvial movements. Results of the study guided the selection of the locations of the 442 till samples taken in 2018. Lab results from the till samples were announced on March 27, 2019

On February 4th, 2021 North Arrow announced a data sharing and royalty agreement with StrategX Elements Corp.  Under terms of the agreement, StrategX has acquired the non-diamond mineral rights to the 56,000 ha Mel property, subject to North Arrow retaining a 1% gross overriding royalty (“GOR”) on non-diamond production from both the property and an approximately 435,000 ha surrounding area of interest (“AOI”). North Arrow will retain 100% of the diamond rights to any mineral claims acquired by StrategX within the AOI, subject to StrategX retaining a 2% GOR on diamonds, reduced to 1% where an existing 1% GOR interest applies.* The agreement also provides for logistics and cost sharing during exploration programs.

North Arrow has not conducted any exploration work at Mel since 2018.  However, StrategX based their exploration work out of the Mel Camp in 2021 and 2022 keeping it maintained and in good working order.

*North Arrow’s interest in the Mel property is subject to a 1% gross overriding royalty, one half of which (0.5%) can be purchased at any time for $1 million (see original project announcement press release dated August 19, 2013).

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