Presentation Video with Voice: recorded at the Nunavut Mining Symposium, April 5, 2016
North Arrow’s diamond exploration programs are conducted under the direction of President and CEO, Ken Armstrong, P.Geo., 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.
Size: 40,470 hectares
Stage: target generation - till sampling and airborne geophysics
Closest Infrastructure: 60 km northwest of the hamlet of Chesterfield Inlet; 100 km north of the community of Rankin Inlet
The Luxx project consists of approximately 100,000 acres on tidewater of Chesterfield Inlet, approximately 60 km from the community of Chesterfield Inlet and 100 km north of the community of Rankin Inlet. The project includes at least one, and possibly three KIM trains defined from over 350 till samples in public assessment records. The trains are located within 20 km of the Churchill kimberlite cluster, and include samples containing in excess of 30 garnets and 200 ilmenites at the head of the train that is well cut-off by a series of barren till samples. An airborne magnetic survey of the property was completed in 2013 and several priority targets were identified. In 2013 and 2014 a total of 81 till samples were collected from the property and were successful in constraining the existing KIM trains. The Company is currently working to acquire required permits to allow for exploration drilling of targets on the property.
North Arrow’s interest in the property is subject to a 1% gross overriding royalty, one half of which (0.5%) can be purchase at any time for $1 million.