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RAPAPORT... North Arrow Minerals Inc. discovered three new kimberlite occurrences during a drilling program at its Pikoo diamond project in central-eastern Saskatchewan, Canada. North Arrow began exploring the Pikoo project in 2013, discovering the PK150 kimberlite during its first drill campaign and from which a sample returned the grade of 1.34 carats per tonne or ore.
The new kimberlite occurrences were identified in the East Pikoo, North Pikoo and South Pikoo target areas, with the most significant being PK314 in North Pikoo, located immediately up ice from a high priority pyrope garnet anomaly.
Ken Armstrong, the president and CEO of North Arrow, said, "The 2015 winter drilling program was a success and has confirmed the Pikoo project's potential for multiple diamondiferous kimberlite discoveries. The discovery of an extensive zone of weakly magnetic kimberlite at PK150 has not only increased the size of the body but also opens up possibilities for new kimberlite targets within the project. "Additionally, the PK150 and PK314 kimberlites display textures consistent with, or transitional to, diatreme-like kimberlite bodies. These are not simple kimberlite dykes. Further detailed logging of the drill cores is underway to confirm these interpretations, which have important positive implications for ongoing exploration of the property," he said.
A fourth target, drilled in the Pikoo East target area, intersected a black, magnetic mud-rich unit with local green to white carbonate fracture fillings and veinlets crosscutting an adjacent country rock breccia unit. This unit is presently not considered to be kimberlitic but remains inconclusive subject to more detailed logging, according to the firm. North Arrow is also evaluating the Qilalugaq, Redemption, Lac de Gras, Mel, Luxx and Timiskaming diamond projects.
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