North Arrow Acquires DeStaffany Spodumene Lithium Property, NWT
VANCOUVER, British Columbia, Jan. 30, 2023 (GLOBE NEWSWIRE) -- North Arrow Minerals Inc. (TSXV-NAR) (“North Arrow”) is pleased to report it has acquired a 100% interest in the DeStaffany lithium property, part of the Yellowknife Pegmatite Province, Northwest Territories as part of an initiative to leverage North Arrow’s knowledge and experience with lithium and other critical metals in northern Canada while continuing to evaluate its portfolio of Canadian diamond properties.
Ken Armstrong, President and CEO of North Arrow, commented “Acquisition of the DeStaffany lithium project is part of a larger opportunity to take advantage of North Arrow’s deep exploration experience in the NWT and Nunavut, including past evaluation of lithium, tantalum and rare earth element (REE) mineralization at a number of localities in both territories. In fact, the DeStaffany area was the subject of tantalum and nickel exploration work by a predecessor company to North Arrow from 1998 to 2002 and North Arrow’s Chairman, Gren Thomas, was responsible for the discovery of niobium, tantalum and rare earth element mineralization in the nearby Blatchford Lake Complex in the 1970’s, home to the newly opened Nechalacho mine, Canada’s first producer of rare earth elements.”
The DeStaffany lithium property covers 1,843 ha located on the north central shore of Great Slave Lake, approximately 18 km northeast of the Nechalacho mine and 115 km east of Yellowknife. The property hosts the Moose 1 and Moose 2 lithium-tantalum-niobium bearing pegmatites. The pegmatites were initially evaluated in the 1940’s for tantalum and niobium but have never been subject to a focused evaluation of their lithium potential. New discoveries are possible within the property as highlighted by the identification of additional pegmatites by a predecessor company to North Arrow. At the time, these pegmatites were not described or evaluated for their lithium potential.
The Moose 1 pegmatite has never been drilled but has been traced over a 370 m strike, averaging 4.5 m to 6.0 m in width, with a maximum width of approximately 11 m, and hosts spodumene mineralization that returned 1.5% Li2O over 7.5 m from historic channel sampling in 2009. Additional historic surface samples have returned from background values to 4.1% Li2O.
The Moose 2 pegmatite has been mapped over a 450 m strike length, is up to 30 m wide. The pegmatite was bulk sampled and test mined for its tantalum and niobium potential in the 1940’s and 1950’s, producing tantalum, niobium and lithium concentrates, but has never been evaluated or drilled for its lithium potential. Spodumene mineralization is common throughout the pegmatite, with elevated lithium analyses of up to 2.73% Li2O returned from samples along at least a 250 m strike length of the body.
0 Kommentare
| 
