North Arrow's Kraaipan drilling identifies five targets

Executive Summary

• North Arrow Minerals released initial RC drilling results from the Kraaipan gold project in Botswana, identifying five priority gold targets with grades up to 0.9 g/t Au over multiple metres.
• The regional reconnaissance program comprised 175 holes (4,975 m) covering 45 km of strike length and returned anomalous gold in both bedrock and shallow overburden.
• Follow‑up work will focus on angled RC or core drilling to better test vertical structures and further delineate the identified anomalies.

Key Details

• Program Scope: 175 reverse‑circulation (RC) holes completed across 16 target areas; 4,975 m drilled; average overburden 20.6 m.
• Samples Collected: 193 bulk ore‑kilogram (BOK) and 561 bulk rock (BR) samples submitted for assay; results pending for final 66 holes.
• Target AE: 0.90 g/t Au over 4 m (hole KR25‑051); overall 0.40 g/t Au over 13 m; quartz‑hematite fault/alteration zone; average overburden ~4 m.
• Target AF: 0.43 g/t Au over 10 m (including 0.71 g/t Au over 3 m) in hole KR25‑060; near surface sample of 3.65 g/t Au; hosted in banded iron formation; average overburden ~9 m.
• Target Y: Bedrock grades up to 0.091 g/t Au over 6 m (hole KR25‑038); drill depth 13 m; average overburden ~8 m.
• Targets C & K (overburden): 0.24 g/t Au (Target C) and 0.28 g/t Au (Target K); overburden <1 m at Target K, ~50 m at Target C.
• Remaining Work: Assay results pending for 66 holes targeting four areas, including a zone with a 10.1 g/t Au surface sample and a trend defined by three >7 g/t Au outcrop samples.
• Exploration Partner: Rockman Resources (via Mineral Services) provided UAV magnetic surveys (>20,000 line‑km), mobile RC drilling platform, in‑house QA/QC, and machine‑learning target generation.
• Quality Assurance/Control: Samples processed per ALS laboratory protocols; duplicates/blanks inserted at ~1 per 20 samples; fire assay with ICP‑AES finish (Au‑ICP22) and ore‑grade checks for >10 ppm Au.
• Next Steps: Development of a follow‑up program involving additional RC drilling, angled RC or core drilling to test vertical structures, and continued regional structural assessment.

Notable Quotes

“Our proprietary, low‑cost, technology‑driven exploration approach has allowed for a rapid and systematic first‑pass assessment… Results thus far have identified five priority areas for follow‑up, including a 13‑metre hole into bedrock at Target AE that ended in mineralization and returned an overall grade of 0.4 g/t Au…” – North Arrow Minerals

Materiality: Material – Positive (new drilling intercepts indicating potentially economic gold concentrations).