NORTH ARROW COMPLETES 66 HOLES IN 22 DAYS DURING FIRST PHASE OF THE 2025 RC DRILLING CAMPAIGN, KRAAIPAN GOLD PROJECT, BOTSWANA
Trading Symbol - TSXV: NAR
VANCOUVER, BC, July 2, 2025 /CNW/ - North Arrow Minerals Inc. (TSXV: NAR) is executing a breakthrough exploration program at its Kraaipan Gold Project in Botswana – the first systematic exploration of the northern extension of the Kraaipan Archean greenstone belt hidden beneath Kalahari sand cover.
"The 724 km² Kraaipan Gold Project represents an exceptional opportunity: a gold-bearing geological system that has never been systematically explored," said Eira Thomas, CEO of North Arrow Minerals. "Located just 40 km north of Harmony Gold's multi-million-ounce Kalgold Mine, the belt has remained largely untested due to thin to moderately thick Kalahari sand cover that has defeated traditional exploration methods."
North Arrow and Rockman Resources Limited (joint venture partner and in-country operator) are changing that equation with proprietary technology solutions including high-resolution UAV geophysics and specialized drilling techniques designed specifically for sand-covered terrains.
The ongoing exploration program represents exceptional value: for an initial investment of just US$1 million in 2025, North Arrow and Rockman are undertaking a regional program that includes:
Property-wide airborne (Remote Mapper UAV) magnetics (85% complete)
Property-wide structural analysis based on southern outcrops and interpretation under sand-cover from magnetics (complete)
Bedrock sampling and analysis of southern outcrops (complete). Please see NAR news release dated May 21, 2025 for details.
RC drill testing of 16 target areas (ongoing)
Up to 220 drill holes across the entire belt (ongoing)
Current Drilling Progress:
Rotation 1 - Complete: 66 holes testing 8 southern targets. An average of 6 m of Kalahari overburden per hole was encountered. Samples collected, currently being prepared in Gaborone for shipment to a South Africa-based laboratory for geochemical assay and analysis, include:
Results are anticipated within approximately 6 to 8 weeks
Rotation 2 - Active: 69 holes planned, testing 4 central targets; thicker overburden anticipated: completion estimated for mid-July.
Rotation 3 (A&B) – planned to commence at the end of July.
The Opportunity
North Arrow is earning a 60% interest in the Kraaipan Project by investing US$5 million by June 2027. This joint venture represents a rare chance to be first-mover on a belt-scale gold exploration target using cutting-edge technology to overcome historical exploration barriers.
Results from the current program will guide follow-up bedrock drilling in H2 2025 and 2026, with the aim of identifying new, world class gold discoveries in this underexplored Archean system.
About North Arrow Minerals: Vancouver-based exploration company focused on evaluating the Kraaipan Gold Project. Management and advisors bring significant global exploration and mining experience. North Arrow's exploration programs are conducted under the direction of Kenneth Armstrong, P.Geo. (NWT/NU, ON), Chairman of North Arrow and a Qualified Person under NI 43-101. Mr. Armstrong has reviewed and approves the technical and scientific information in this news release.
North Arrow Minerals Inc.
/s/ "Eira Thomas"Eira ThomasPresident and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking statements" including but not limited to statements with respect to North Arrow's plans, the estimation of a mineral resource and the success of exploration activities. Forward-looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the successful integration of acquisitions; risks related to general economic and market conditions; closing of financing; the timing and content of upcoming work programs; actual results of proposed exploration activities; possible variations in mineral resources or grade; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; changes in national and local government regulation of mining operations, tax rules and regulations. Although North Arrow has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. North Arrow undertakes no obligation or responsibility to update forward-looking statements, except as required by law.
SOURCE North Arrow Minerals Inc.
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