North Arrow Identifies New Anomalous Gold-in-Bedrock Occurrence Beneath Kalahari Sand Cover at Target AM and Commences Rotation 4 RC Drilling at Target AE, Kraaipan Gold Project, Botswana
North Arrow’s market focus centres on the AE/AF deposit at Rotation 4, overshadowing sub-economic results from Rotation 3.

North Arrow Minerals Inc. (NAR) reported results from 44 vertical reverse-circulation regional reconnaissance holes drilled in Rotation 3 at Kraaipan, Botswana. The headline new gold-in-bedrock occurrence is at Target AM: KR26-081 returned 0.21 g/t Au over 5 m from 32-37 m depth, beneath 32 m of Kalahari cover.
Target AH returned only very weak bedrock gold: KR26-060 had four continuous samples totalling 7 m with gold values of 0.033 to 0.036 ppm Au; KR26-061 returned 1 m of 0.05 ppm Au. Target AM also returned KR26-086 with 0.19 ppm Au over 1 m, and KR26-084 with a base-of-Kalahari sample of 0.041 ppm Au. No anomalous gold was returned from Rotation 3a at Targets AI and AK.
Rotation 4 RC drilling has commenced at Target AE, with 15 holes planned to test the 1,000 m strike length and down-dip continuity around the earlier 27 m at 1.11 g/t Au intercept in KR26-040. The 2026 exploration budget was increased from US$2.3 million to US$2.86 million. No assay results from Rotation 4 are yet available.
North Arrow Minerals Inc. (NAR) remains an early-stage, pre-resource explorer with no reported mineral resources or reserves at its Kraaipan project. The company’s latest release does not materially alter the scale, grade, or confidence of the project, as the new regional results fall below economic thresholds and are not considered resource-defining.
The primary value driver for the project continues to be Target AE and Target AF; however, this update contains no new assay data from those specific targets. Consequently, the embedded market expectation from the July 15, 2026 results has not been tested by this release. The share price has already declined from its February high of C$0.45 and is currently trading around C$0.23, a level that reflects the market’s wait for follow-up drilling rather than a reaction to this regional update.
North Arrow Minerals Inc. (NAR) is a Vancouver-based gold explorer focused on the Kraaipan Gold Project in southern Botswana. The project covers approximately 724 square kilometres along the roughly 60 km northern extension of the Kraaipan Greenstone Belt. Over 80% of the northern belt is covered by Kalahari sand, which has limited historical exploration. The project is interpreted as a northern extension of the greenstone belt hosting Harmony Gold's Kalgold Mine about 40 km to the south.
North Arrow has an option to earn up to 80% from Rockman Resources: 60% by spending US$5 million over three years, with an additional 20% through completion of a PEA. There are no mineral resources or reserves at Kraaipan. Management includes CEO Eira Thomas and QP Dr. John Armstrong.
Capital structure shown in the investor presentation: approximately 46.8 million shares outstanding, with roughly 58.1 million fully diluted. Financial statements provided are prior-period context and do not reflect the March 2026 C$4 million financing; the most recent as-reported balance sheet predates that raise.