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Lac de Gras

Location:

Lac de Gras Project Map 358 KB, approx. 1 minute, 8 seconds at 56.6Kbps

The Lac de Gras project is located 290 km northeast of Yellowknife and is within 10 km of the Diavik diamond mine.

Size:
A total of 99,929 acres consisting of 42 claims.

Ownership:
100% North Arrow.

Highlights:

• Located within the Lac de Gras kimberlite field which includes the world class Ekati and Diavik diamond mines.
• Property covered by high definition airborne geophysics.
• Diavik trend projects through the centre of the property and the Ekati trend projects through the western margin of the property.
• Diavik trend projects through the centre of the property.
• New diamond discoveries on the New Nadina property located immediately to the west illustrate potential for continued exploration persistence.
• Agreement signed with Dr. Chris Jennings to jointly explore the property.
• Reprocessing of airborne geophysics data using Dr. Jennings proven, proprietary geophysical processing technique has identified numerous untested kimberlite type targets.

Summary:
Previous work has included airborne surveys, till sampling, ground geophysics and limited diamond drilling. Untested geophysical anomalies and unexplained geochemical anomalies remain. Considering the proximal location of the Lac de Gras properties to operating diamond mines, North Arrow considers the Lac de Gras properties to have significant exploration potential for diamondiferous kimberlite.

In 2008, New Nadina Explorations Limited demonstrated the continuing potential for the discovery of additional diamondiferous kimberlites in the famous Lac de Gras field. Encouraging caustic fusion diamond results were announced for their newly discovered Sparky, DD39 and Gemini kimberlites.


News Releases

	August 25, 2010 North Arrow Closes Non-Brokered Private Placement Plans Diamond Exploration Programs North Arrow Minerals Inc. (NAR: TSXV) ("North Arrow" or the "Company") is pleased to announce the closing on August 20, 2010 of a non-brokered private placement announced on July 16, 2010 and as amended on August 4, 2010. On August 20, 2010, North Arrow issued 3,958,333 flow-through units (the "FT Units") at a price of $0.18 per FT Unit, for gross proceeds of $712,500. Each FT Unit consists of one flow-through common share of the Company and one-half of one non-flow-through common share p... (3 KB)
	July 16, 2010 North Arrow Provides Update on Northern Diamond Projects and Announces Intention Of Financing North Arrow Minerals Inc. (NAR: TSXV) is pleased to provide an update on its Lac de Gras diamond exploration project. The project is located within the prolific Lac de Gras diamondiferous kimberlite field in Canada's Northwest Territories and directly adjoins the mineral leases that host the Diavik diamond mine, located only 10 km to the north. The Ekati diamond mine is located within 40 km to the northwest. The kimberlites of the Diavik and Ekati diamond mines are among the richest diamo... (5 KB)
	February 24, 2010 North Arrow Amends Terms Of Agreement To Explore Lac De Gras Diamond Property North Arrow Minerals Inc. (NAR: TSXV) is pleased to announce an amendment to the terms of the previously announced agreement with Dr. Chris Jennings to jointly explore its Lac de Gras diamond property (please see North Arrow news release #10-03 dated February 1, 2010). The Lac de Gras property is located within the prolific Lac de Gras diamondiferous kimberlite field in Canada's Northwest Territories. The property directly adjoins the mineral leases that host the Diavik diamond mine, loca... (4 KB)

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This page was created on Thu Sep 9, 2010 at 12:59:37 AM Pacific Time.