North Arrow Reports Bulk Sample Results From Naujaat Diamond Project, Nunavut
7.0 Carat Diamond Is Largest Ever Recovered From Q1-4
Naujaat’s fancy coloured diamonds
VANCOUVER, British Columbia, July 28, 2022 (GLOBE NEWSWIRE) — North Arrow Minerals Inc. (TSXV-NAR) is pleased to report final diamond recoveries from a 1,823.6 dry tonne bulk sample collected in 2021 from the Q1-4 diamond deposit at the Naujaat Diamond Project, Nunavut. Today’s results, representing the final 30% (498 dry tonnes) of the bulk sample, are entirely from the A88 unit of the Q1-4 deposit and follow results from the initial 70% (1,326 dry tonnes) of the sample that were previously reported on April 26 2022. Highlights of today’s results include:
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The A88 bulk sample recovered 99 diamonds greater than +9 DTC weighing 55.80 carats from 498 dry tonnes
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7.00, 2.17, and 2.02 carats – The three largest recovered diamonds
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7.00 carat stone – the largest diamond recovered to date from the Q1-4 diamond deposit
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10.1% fancy colour diamonds – 10 of 99 diamonds classify as fancy colour diamonds (12.8% by carat weight)
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30% of fancy diamonds classify as either “intense” or “vivid” – the two highest colour saturation classes and an important indicator of potential value in fancy colour diamonds
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90% of the fancy diamonds classify with orange as the primary colour – orange is considered amongst the rarest colours for natural diamonds
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+9 DTC sample grade of 11.2 cpht (carats per hundred tonnes) – compares favorably with a smaller sample collected from the same geological unit in 2017 (11.2 cpht)
Ken Armstrong, President and CEO of North Arrow, commented, “The 2021 bulk sample has confirmed the presence of an important, potentially high value population of fancy orange and yellow diamonds in both the