North Arrow Advances Kraaipan Gold Project Exploration Efforts in Botswana
North Arrow Minerals Inc. has provided an update on the Kraaipan Gold Project in Botswana, highlighting that 80% of detailed magnetic surveys have been completed. The company will begin reverse-circulation drilling in May 2025 to explore priority targets for gold mineralization. North Arrow is working to secure a 60% interest in the project through a $5 million investment by June 2027, with a commitment of $1 million by June 2025.
North Arrow Minerals Inc. (TSXV: NAR) has announced the advancement of exploration efforts at the Kraaipan Gold Project in Botswana. The project spans approximately 724 km² of the Kraaipan Greenstone Belt (KGB), an area with potential for gold and base metal deposits. Limited historical exploration has occurred due to the presence of Kalahari sands, which obscure much of the underlying geology. Comparatively, the South African section of the KGB has been more thoroughly explored, revealing significant mineral deposits.
Ken Armstrong, President and CEO of North Arrow, emphasized that the company is utilizing advanced Remote Mapper UAV magnetic surveys to identify priority exploration targets beneath the Kalahari cover. Approximately 80% of the project area has been surveyed, with structural mapping of banded iron formation (BIF) outcrops currently in progress. The completion of the magnetic surveys is anticipated by April, facilitating the recognition of bedrock and structural characteristics vital for future drilling initiatives.
The exploration program will include a three-month reverse-circulation (RC) drilling program commencing in May 2025, based on magnetics and structural mapping results. The RC drilling will aim to gather geochemical samples from both the overburden and the underlying bedrock, with the intention of discovering new gold mineralization zones. Efficient drilling techniques are being employed to maximize productivity, and follow-up core drilling is planned for late 2025 and into 2026.
The Kraaipan Gold Project entails three mineral concessions across a 60 km strike of the KGB in Botswana, which contains proven gold potential, evidenced by nearby Harmony Gold’s Kalgold mine. Historical exploration in Botswana has faced challenges due to Kalahari overburden, although initial gold mineralization has been identified in a few locations. North Arrow now aims to deepen its exploration efforts utilizing advanced technologies such as UAV geophysics in partnership with Rockman Resources.
To secure a 60% interest in the Kraaipan Project, North Arrow has committed to investing $5 million by June 30, 2027, including an initial investment of $1 million by June 30, 2025. The company is based in Vancouver, with a focus on promising exploration within the Kraaipan project and maintaining its Canadian diamond interests.
In conclusion, North Arrow Minerals Inc. is actively enhancing its exploration activities at the Kraaipan Gold Project in Botswana, leveraging advanced UAV magnetic surveys and structural mapping to uncover gold deposits beneath Kalahari cover. The company is set to initiate a reverse-circulation drilling program to assess these targeted areas further. Aiming to secure a majority stake in the project, North Arrow’s endeavors reflect a strategic approach to capitalize on the significant mineral potential of the KGB.
Original Source: www.juniorminingnetwork.com
