VANCOUVER, BC, July 17, 2023 /CNW/ - North Arrow Minerals Inc. (TSXV: NAR) ("North Arrow") is pleased to report it has staked prospective spodumene bearing pegmatites discovered in the MacKay Lake area of the Northwest Territories, immediately adjacent to the winter road connecting Yellowknife with the Lac de Gras diamond mines. The Mackay pegmatites were identified and staked by North Arrow in an area where, in the 1940's, the Geological Survey of Canada noted tantalite mineralization within tourmaline-muscovite pegmatites. Photos of the pegmatite exposures and spodumene mineralized samples can be found here. Initial prospecting samples from the pegmatites have been submitted for analysis and results will be reported when received.

Spodumene bearing pegmatite found at MacKay Lake Property, NWT, currently being assessed for size and mineralogy.

Ken Armstrong, President and CEO of North Arrow, stated, "The discovery of spodumene pegmatites at MacKay Lake further advances North Arrow's lithium exploration strategy, taking advantage of our northern exploration experience to identify and acquire hard rock lithium properties in the NWT and Nunavut. These new pegmatites are located just southeast of North Arrow's LDG property, where North Arrow is currently evaluating similar spodumene pegmatites identified and mapped in the 1940's and 1950's. Additional mapping and sampling of the MacKay spodumene pegmatites, intended to get an indication of their size potential, is planned as part of the ongoing LDG program."

The LDG project has an exploration camp and drilling permit in place, with the camp well positioned to support further evaluation of the MacKay spodumene pegmatites, as is the annual Lac de Gras winter road which runs along Mackay Lake immediately adjacent to the newly staked mineral claims.