North Arrow Drills 9 m @1.23 g/t Au and 7 m @ 1.99 g/t Au at Target A, Kraaipan Gold Project, Botswana

Executive Summary

• North Arrow Minerals reports assay results from Rotation 1 RC drilling at Target A and completion of Rotation 2 at Targets AE and AF as part of its US$2.3 million 2026 exploration program at the Kraaipan Gold Project in southern Botswana.
• Rotation 1 confirmed gold mineralization along ~700 m of strike at Target A, with bedrock gold intercepts (>0.5 g/t Au) returned in 12 of 20 RC holes across four tested grids.
• Rotation 2 drilling is complete with 22 holes (1,198 m) at Targets AE and AF, plus 29 surface rock samples; all samples are at ALS Johannesburg with results expected in 6-7 weeks.
• Next steps include Rotation 3 vertical RC drilling (40-60 holes), ongoing structural mapping, and Rotation 4 follow-up drilling (including potential oriented core) to better constrain structural controls and mineralization geometry.

Key Details

• Program Overview: US$2.3 million 2026 exploration program at the Kraaipan Gold Project, a ~724 km² concession covering the ~60 km northern extension of the Kraaipan Greenstone Belt in Botswana. Over 80% of the northern portion is covered by Kalahari sands.
• Rotation 1 (Target A): Completed March 3–22, 2026. 20 angled RC holes totaling 1,103 m across four grids along a ~700 m NE-SW strike.
• Grid 1 (south): 5 holes, 256 m. 4 of 5 holes >0.5 g/t Au. Select: KR26-005: 7 m @ 1.99 g/t (incl. 2 m @ 4.89 g/t); KR26-008: 4 m @ 1.78 g/t.
• Grid 2: 3 holes, 147 m. 3 of 3 holes >0.5 g/t Au. Select: KR26-010: 4 m @ 3.28 g/t (incl. 2 m @ 5.88 g/t); KR26-011: 3 m @ 1.52 g/t.
• Grid 3: 9 holes, 520 m. 4 of 9 holes >0.5 g/t Au. Select: KR26-012: 9 m @ 1.23 g/t (incl. 3 m @ 2.23 g/t); KR26-018: 6 m @ 0.69 g/t.
• Grid 4 (north): 3 holes, 180 m. 1 of 3 holes >0.5 g/t Au. Select: KR26-001: 1 m @ 0.73 g/t; KR26-002: 3 m @ 2.13 g/t in overburden.
• Overburden Samples: KR26-007 returned 29 g/t Au over 2 m at Grid 1; KR26-001 returned 2.13 g/t Au over 3 m at Grid 4. Interpreted as a variable mix of Kalahari sands and locally derived bedrock material.
• Rotation 2 (Targets AE & AF): Complete. 22 RC holes totaling 1,198 m (AE: 8 holes, 479 m; AF: 14 holes, 719 m). Field logging confirms quartz veining, weathered sulphides, and BIF host rock assemblages. 29 new surface rock samples collected from newly identified alteration and quartz veining. All samples at ALS Johannesburg; results expected in July.
• Geological Observations: Mineralization is not continuously present along the overall strike and dip. Adjacent holes show variable results (e.g., KR26-006 returned no significant assays between four mineralized holes). Undercut of KR26-012 failed to repeat intersection. Grid 4 did not intersect bedrock source for a 68.5 g/t Au surface sample. Suggests gold may be hosted in shoots with plunge directions oblique to the overall trend.
• Next Steps:
• Rotation 3: Vertical RC drilling targeting new regional opportunities under Kalahari cover. 40–60 shallow holes planned to test base of cover and upper 5–10 m of bedrock. Initial 3-week program starts mid-June; second stage tentatively late July.
• Surface prospecting and soil sampling underway (north of AE, infill between A and AF, south of A); expected complete by late-June.
• Detailed structural mapping and interpretation to constrain trend and controls.
• Rotation 4: Follow-up drilling including core drillholes and oriented core options to better constrain nature, continuity, and geometry of mineralization.
• Option Agreement: North Arrow can earn up to 80% interest from Rockman Resources. First Option: earn 60% by investing US$5 million over 3 years (US$1 million firm commitment achieved). Second Option: earn additional 20% upon completion of a Preliminary Economic Assessment.
• QA/QC: Samples analyzed for gold by fire assay with ICP-AES finish (Au-ICP22, 50g sample). Values >10 ppm checked with gravimetric finish (Au-GRA22). Duplicates and CRMs inserted at ~1 per 20 samples.

Notable Quotes

• Eira Thomas, CEO: "Rotation 1 drilling at Kraaipan has successfully confirmed that gold mineralization is present along the full ~700 m of interpreted strike at Target A... RC drilling returned encouraging, anomalous bedrock gold intercepts in excess of 0.5 g/t in 12 of 20 holes, further supporting broad gold endowment within the target area... We intend to undertake further structural mapping and re-interpretation, followed by targeted re-drilling at revised azimuths to help lock in structural controls and host lithologies' contacts."