North Arrow Minerals Inc. (TSXV: NAR) has received new lithium assays from the company’s wholly-owned MacKay Lake property, Northwest Territories.
Six of eight rock sawn channel samples from the MK1 spodumene pegmatite, discovered in June 2023, have returned Li2O assay results of 1.16%, 1.34%, 1.87%, 1.90%, 1.93%, and 2.30%. These samples were collected over 1m intervals in July 2023 and compliment the assays of prospecting grab samples that returned from 2.45% to 3.74% Li2O.
Ken Armstrong, president, and CEO, commented, “Today’s channel sample results confirm the potential of MK1 to host a significant new lithium discovery, a concept we look forward to testing as part of a spring 2024 drill programme. Beyond MK1, the MacKay property covers an additional 14 km length of this prospective metasedimentary corridor which is geologically very similar to the host rocks of the spodumene pegmatites being evaluated in the Yellowknife Pegmatite Province.”
MK1 is interpreted as a series of irregular sub-parallel pegmatite dykes ranging from 0.5m to over 10m in width. Spodumene mineralization comprises up to 20% of the pegmatite exposures with crystals ranging from 2-4cm in length. The pegmatites are intercalated with metasedimentary rocks over an estimated combined width of 150m and an interpreted strike extent of over 400m. Bedrock exposures are of relatively low relief with significant potential to extend the pegmatite along strike beneath overburden.
“We believe the opportunity for additional discoveries of spodumene pegmatites is significant and a field programme is presently underway on both the MacKay and LDG properties, consisting of additional mapping, prospecting, sampling, and ground geophysical surveys, ahead of drilling to be conducted in spring 2024.” Said Mr. Armstrong.
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