Upload
narminerals
View
342
Download
0
Embed Size (px)
DESCRIPTION
North Arrow presented this information at community meetings in Pelican Narrows and Deschambault Lake on June 16 and 17, 2014 respectively and presented to the PBCN Chief and Council on June 18, 2014.
Citation preview
TSX-V: NAR
Community Meeting
on the Pikoo
Diamond Project
Deschambault Lake June 17, 2014
This presentation contains projections and forward looking information that involve various
risks and uncertainties, including, without limitation, statements regarding the potential
extent of mineralization, resources, reserves, exploration results and plans and objectives
of North Arrow Minerals Inc. These risks and uncertainties include, but are not restricted to,
the amount of geological data available, the uncertain reliability of drilling results and
geophysical and geological data and the interpretation thereof and the need for adequate
financing for future exploration and development efforts. There can be no assurance that
such statements will prove to be accurate. Actual results and future events could differ
materially from those anticipated in such statements. These and all subsequent written and
oral forward-looking statements are based on the estimates and opinions of management
on the dates they are made and are expressly qualified in their entirety by this notice. The
Company assumes no obligation to update forward looking statements should
circumstances or management's estimates or opinions change.
Cautionary Statement
2
Presentation Summary
1. About North Arrow Minerals
2. History of the Pikoo Project
3. The Current Till Sampling Program
4. The Proposed Drill Program
5. Employment and Learning Opportunities
6. The Way Forward - What’s Next for Pikoo
3
North Arrow Minerals
4
a Vancouver, BC based public company.
We trade on TSX Venture Exchange: NAR
We have no operating mines; exploration only.
Our people have been a part of past diamond discoveries in Canada; including the Diavik diamond mine in the NWT.
Who Are We?
Ken Armstrong - President & CEO
Nick Thomas – Manager of Investor
and Community Relations
Here Today
Principal Diamond Projects Victoria
Island
Lac de Gras (NT)
Doris
Pikoo (SK) • Partnership
with Stornoway
Qilalugaq (NU) • Partnership
with Stornoway
Timiskaming (ON/QC) • Partnership
with Stornoway
Redemption (NT)
Mel (NU)
Luxx (NU)
5
Pikoo Project – Overview
North Arrow (80%)/Stornoway (20%) Participating Joint Venture.
Located ~30 km west of Pelican Narrows; ~10 km north of Deschambault Lake.
Good local infrastructure; within 10 km of SK Hwy 911.
Kimberlite discovered in nine of ten drill holes completed in 2013 (including PK 150).
Till sampling program currently underway; until late June.
Follow up drilling proposed for fall 2014 and/or winter 2015; LUP and results dependent.
6
2007-2013 Stornoway Diamond generates project, narrows down area of interest and stakes claims.
March 2013 Busy with Renard Project , Stornoway options three projects to North Arrow including Pikoo.
August 2013 NAR intersects kimberlite in 9 out of 10 holes as part of agreed upon work program.
November 2013 Excellent early stage diamond results from PK 150 kimberlite 209 kg sample.
January 2014 Pikoo officially becomes participating joint venture between North Arrow (80%) and Stornoway (20%).
June 2014 NAR and SWY commence till sampling program.
Pikoo Project History
7
Pikoo Project – 2013 Drilling Program
8
Exploration camp, located on Lueder Lake was built from June 1-16th to conduct the drilling program from.
Focused on the source areas of two kimberlite indicator mineral (“KIM”) trains: the North and the South.
These areas of interest were developed by earlier sampling of the sediments left behind by glaciers (till).
Ten drill holes and a total of just over 2000m of drilling
10 km
Ice Direction
Bigger circles = more KIM grains
pyrope garnets
eclogitic garnets
ilmenite
chromite
South Pikoo KIM Train
North Pikoo KIM Train
Pikoo Project – North Drill Holes
Five drill holes in the North tested targets located along a linear feature and intersected kimberlite sheets from 3 -59 cm wide.
9
Pikoo Project – South Drill Holes
Five drill holes in the south tested targets. Three holes (13PK06, 08, 09) had significant intersections of kimberlite; enough was recovered to sample it and test for diamond content – 209 kg of PK 150
10
13PK09 13PK06
13PK08
13PK10
PK150 PK151
Pikoo Project
PK150 and PK151 Drilling
Projection: UTM NAD83 Zone 13
120 m
Date: Oct 2013
Scale: 1:3,000
Drawing: PI040
Author: JP
30 600
PK150 Drilling Pattern
120 m
? ?
?
?
11
PK 150 kimberlite
What we know…
10 to 15 m wide
near vertical
body.
Intersected
over a 75 m
strike length
currently open
to depth and
along strike.
Box of core from the PK 150 kimberlite drill intersections.
Pikoo Project – PK150 kimberlite
12
Pikoo Project – PK 150 Diamond Results
A 209.7 kg sample from drill core yielded:
745 diamonds > 0.106 mm
23 diamonds > 0.85 mm
Total carats > 0.85 mm = 0.2815
Total recovery sample grade (+0.85mm) = 1.34 cpt
> 95% of diamonds are intact, white octahedrons or aggregates.
Number of Diamonds per Sieve Size (mm Square Mesh Sieve)
Sample
Weight
Dry Kg
+0.106
-0.150
+0.150
-0.212
+0.212
-0.300
+0.300
-0.425
+0.425
-0.600
+0.600
-0.850
+0.850
-1.18
+1.18
-1.70
+1.70
-2.36
Total
Stones
Total
Carats
+0.85mm
209.7 392 199 65 27 19 20 21 1 1 745 0.2815
PK150 – all > 0.85 mm stones
13
Pikoo Results – what they mean
Three main factors to consider for diamond deposits
1. Grade – how many carats per tonne (cpt)? 2. Tonnage - how big is the body? 3. Value – how much are the diamonds worth?
1. Grade - good early stage sample grade of 1.34 cpt for stones recovered over 0.85 mm.
2. Tonnage - ? What we know about the size of PK 150 is that it is small and is not a stand alone deposit. More bodies need to be discovered. Diavik was a combination of four kimberlite pipes.
3. Value – ? Diamonds recovered have good colour and shapes but down the road a larger sample is required (~1000-2000 carats).
PK 150 – What is our hurdle when looking at these factors?
There are kimberlites with diamonds at Pikoo An entirely new diamondiferous kimberlite field in Canada!
15
Pikoo Results – the big picture
Exploration Discovery Feasibility Financing Develop. Production Marketing
Pikoo Project
We are here
Diamond projects take 10-12 years on
average to develop from the point of
deposit discovery
Evolution of a Diamond Project: Exploration to Production
Mine Discovered Production Timeline
Ekati 1991 1999 8
Diavik 1994 2003 9
Snap Lake 1997 2008 11
Victor 1987 2008 21
*Gahcho Kue 1995 2016 21
*Renard 2003 2016 13
*in development - production estimate 16
Pikoo Project Current Program
17
General Ice
Direction
kimberlite
unsourced positive KIM till sample (1-2 grains)
unsourced positive KIM till sample (>2 grains)
PK 150
kimberlite
The Pikoo Project area originally became a focus because of a single till sample in the south that contained 2 pyrope garnets.
Focus for June program will be infill existing KIM anomalous till samples to better define unsourced trains.
There are more kimberlites to be discovered
Till Sampling
18
Under the roots of fallen trees has proven to be a good place to find quality till samples
Pikoo Project Geologist, Barb Kupsch till sampling in 2012
Pikoo – Land Use Application, Drilling
Application was submitted to Saskatchewan Environment on June 9, 2014 for up to 30 holes.
Nine areas of interest will potentially be drilled in two possible programs.
Sept. 2013 –only if current till sampling program results reveal targets.
Feb. 2015 winter drilling.
Results from current till sampling program will narrow down these areas.
Size and scope of the proposed drill programs would be very similar to our 2013 program.
21
2014/2015 Program Logistics
Exploration camp Drill programs will be run out of the Lueder Lake camp. Full-time crew of ~11 for drill programs Two geologists, a helicopter pilot and engineer, five drill crew, a cook/1st aid attendant and a camp maintenance/wildlife monitor. Part-time line cutters Hired as-needed from Pelican Narrows and Deschambault Lake and flown in daily via helicopter.
22
Lueder Camp 2013
Dock & Water Pump Generator Shack 23
Pikoo 2013 Drill Holes: 2nd Drill Hole
After Line Cutting
Clean up after Drilling Remediation
Drilling
24
Pikoo Drill Holes 9th Drill Hole
After Line Cutting
Clean up after Drilling Remediation
Drilling
25
Helicopter Pad and Fuel Storage 2013
Remediated – Looking East
Looking South East Looking West
26
Field Work Pictures
27
Drilling at Pikoo in 2013: the 13PK07 hole, looking south.
Field Work Pictures
Slinging in supplies to the drill site from camp, Pikoo Project 2013
28
Employment Opportunities
Sept 2014 program - Results dependent drill program. Possibly till sampling only Employment Opportunities • Two Camp manager/wildlife monitors. • ~Four line cutter positions if drilling. Feb. 2015 program - Planned winter drilling program Employment Opportunities • Two Camp manager/wildlife monitors. • ~Four line cutter positions associated with drilling and ground geophysics.
Employment opportunities will be prioritized between the communities of Deschambault Lake and Pelican Narrows. Myrna Ewing, PBCN Employment Coordinator will be helping North Arrow with job placement.
29
Six exploration companies are sponsoring a Mining Rocks Earth Science Program in partnership with Mining Matters.
A total of 30 PBCN youth, ages 14 to 17 years will be invited to attend the program.
Opportunity for young people to
learn about Earth science and geology while experiencing the joys of summer camp at Christopher Lake.
Contact Myrna Ewing at the PBCN for more information about signing up! [email protected] (306) 688-1222
Mining Rocks Summer Camp
30
1. June 2014 till sample results If positive…
2. Fall 2014 / Winter 2015 drilling Did we discover more kimberlites? Do they have diamonds? If yes then…
3. Delineation drilling to understand size of kimberlites =bigger camp, multiple drills, more employment and business opportunities (2 to 3 year period). If we have enough tonnage of diamondiferous kimberlite then…
4. Resource estimate, Preliminary Economic Assessment, Environmental Baseline Work (2 to 3 year period).
Pikoo Project – The Way Forward
Every phase of exploration depends on whether we have success with the previous phase. There are no guarantees that work will advance to the next stage of assessment.
31
The Pikoo Diamond Camp
The results prompted a lot of staking activity and deal making around the Pikoo Project area which has continued so far in 2014.
The Pikoo Property
14
Questions and Comments?
TSXV: NAR
For more information please contact
North Arrow Minerals
Nick Thomas, Manager of Investor and Community Relations
Barb Kupsch, Pikoo Project Geologist
Denise Lockett, Community Relations Consultant
Suite 960-789 West Pender Street
Vancouver, BC
Canada V6C 1H2
Tel: +1.604.668.8355
Fax: +1.604.336.4813
www.northarrowminerals.com
@narminerals
facebook.com/northarrowminerals
TSX-V: NAR
Reference Materials
Diamond Exploration in Canada
Searching for
kimberlites in
new areas
“Grassroots
Exploration”
1. Regional Area Selection: office based studies on areas with known thick
cratonic geology or previous diamond occurrences. Exposure of craton at
surface is a plus! - ‘Assin'skowitiniwak!
2. Regional Till Sampling: diamondiferous kimberlites occur with other more
abundant “indicator minerals” or “KIMs” that show up in glacial deposits
down-ice from kimberlites – pyrope garnets, illmenite, chromium diopside,
chromite. Samples are taken approximately every 1km.
3. Airborne Geophysics: surveys used to cover large areas very rapidly. Use
underlying rocks physical properties to see structures, changes in rock type
etc.
4. Infill Till Sampling: more detailed indicator mineral sampling grids in areas
with regional samples “anomalous” in KIMs.
5. Ground Geophysics for Target Generation: used to refine any targets
identified from airborne surveys. Also to investigate potential targets
identified through indicator mineral sampling or other means.
6. Target Drilling for Kimberlite: a drill rig is positioned above the target and
a hole is drilled. As the drill penetrates to depth, a continuous sample of the
intersected rock is cored and retrieved for examination by geologists
9
Diamonds and Kimberlites
Diamonds:
How do the
Occur?
• Formed >1 billion years ago in the upper
mantle of the lithosphere (150-200 km
down) - pressure and temperature
conditions are right for carbon to be
stable as diamond.
• Brought to the surface by deep origin
volcanic eruptions called kimberlites.
• Kimberlites are found within ancient
shields or "cratons“ that have been
geologically stable for at least one billion
years and are very thick and relatively
cool.
• Less than 1% of kimberlite deposits are
found to contain sufficient amounts of
diamonds to make mining them
economically feasible*.
* From DiamondFacts.Org, “Formation,” World Diamond Council, http://www.diamondfacts.org/about/formation.html
35