North Arrow’s 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.

Hope Bay

Summary

Location: Melville Sound, Nunavut - 725 km north of Yellowknife, 150 km southwest of Cambridge Bay, NU
Size: 4,103 hectares, consisting of five leases
Ownership: 100% North Arrow 
Stage: confirmed near-surface gold mineralization over 300 metres of strike; further drilling required
Closest Infrastructure: west boundary of Hope Bay Oro project is on Robert's Bay; used as tidal access point for sea-lift cargo shipping to Doris Mine 
Project Location Map: Click here to view

Video of February 10, 2021 'Takestock Live' Webcast 
PDF Download of February 10, 2021 webcast

Highlights

• Proximal to the Doris North gold mine, owned and operated by Agnico Eagle. 
• Agnico Eagle Mines officially acquired TMAC and the Doris Mine, including all of the Hope Bay Greenstone Belt for $286.6 million.
• Property contains same geology, same structure and same mineralization style as the Doris deposit and has known gold occurrences.
• 1,225 metre diamond drill program completed in 2011 confirmed near-surface gold mineralization over 300 metres of strike length; including 7.55 m @ 4.91 g/t gold and 2.00 m @ 20.22 g/t Au (view press release)
  *There is currently no evidence to suggest the gold showing on the Hope Bay Property is related to, or an extention of the Doris deposit the TMAC Property.

Overview

Mapping and geochemical surveys have confirmed that the host stratigraphy to the Doris deposit extends northward onto North Arrow’s Hope Bay property. Several gold showings have been identified, including the Elu shear, an approximately 400 m long mineralized shear zone structure where a 1998 drill program completed by Navigator Exploration Corp. encountered 14.3 g/t Au over 2.12 m and 5.96 m grading 5.48 g/t within a single drill hole. A second, steeper drill hole from the same set up encountered 2.18 m grading 3.61 g/t Au, before encountering a post mineralization dyke. North Arrow considers the Hope Bay Property to have significant merit given its proximity to the Doris Mine, including an airstrip and barge docking facility.

In 2011 an exploration program was conducted that included 1225 metres of diamond drilling in 11 holes focused on the Elu Shear zone. Ten of the eleven holes  intersected the Elu shear and returned significant gold values. As well, substantial gold values were returned for the Elu splay and Elu shear east, which occur sub parallel to the Elu shear to the northwest and the southeast of the Elu shear, respectively. Interpretation of the results indicates that additional drilling is warranted to fully outline gold mineralization associated with the Elu shear. In addition, further work to identify other gold mineralized shears within the property is also warranted.