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North Arrow Minerals (TSXV:NAR) is actively exploring three lithium projects in the Northwest Territories. CEO Ken Armstrong shared insights with the Investing News Network, highlighting the region’s potential for explorers.
Northwest Territories: A Prospective Region
“It’s a prospective region,” Armstrong stated. The region’s appeal lies in its geological setting, with known spodumene pegmatites, particularly around Yellowknife. This is the primary focus of Li-FT Power (CSE:LIFT,OTCQX:LIFFF), the most advanced company in the region. They’re drilling, proving up, and confirming grades and thicknesses. The tonnage potential is significant.
Northwest Territories: Less Known, Yet Promising
According to Armstrong, the Northwest Territories is less advanced and less known. However, he believes the key lies in the existing geology. “The deposits have to be there, and we’re seeing that they are.”
North Arrow Minerals: Preparing for the Future
North Arrow Minerals has secured the fully permitted Mackay, Destaffany, and LDG lithium projects in the Northwest Territories. The company is preparing these assets for drilling in 2024.
Company Website: https://www.northarrowminerals.com
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