North Arrow Minerals Progresses Kraaipan Gold Project Exploration in Botswana

North Arrow Minerals is advancing the Kraaipan Gold Project in Botswana, covering 724 km² of prospective territory yet only lightly explored due to sand overburden challenges. The company is 80% through detailed magnetic surveys and plans to commence a targeted drilling program to identify gold deposits, in collaboration with Rockman Resources. North Arrow aims for significant investments in this project through to 2027.

North Arrow Minerals Inc. (TSXV: NAR) has announced significant progress in its exploration of the Kraaipan Gold Project located in Botswana. This expansive project covers 724 square kilometers of the Kraaipan Greenstone Belt, which straddles the Botswana-South Africa border. Despite its potential for gold and base metal deposits, limited historical exploration has been conducted due to a thin overburden of Kalahari sands, which complicates traditional exploration methods.

The company, led by President and CEO Ken Armstrong, is employing innovative approaches such as high-resolution Remote Mapper UAV magnetic surveys to identify gold prospects beneath the Kalahari cover. Notably, 80% of the survey area has been completed, with an expected completion date in April. This magnetic data will help in analyzing critical geological features and will be combined with geochemical data to assess golden targets.

North Arrow aims to initiate a three-month reverse-circulation (RC) drilling program in May, which will focus on collecting samples from the overburden and underlying bedrock to detect new gold mineralization zones. The company is fully funded for this initiative and will collaborate with Rockman Resources to explore additional methods under the Kalahari cover.

The Kraaipan Gold Project is strategically located with proximity to Harmony Gold’s Kalgold mine, which has been operational since the mid-1990s. The northern zone has faced challenges due to a Kalahari overburden, inhibiting exploratory efforts; however, historical drilling has shown promising shallow gold occurrences in banded iron formations (BIF). The project aims to enhance exploration under the sands by utilizing advanced techniques, including UAV geophysics and truck-mounted drilling.

North Arrow is on track to earn a 60% interest in the Kraaipan Gold Project by investing $5 million by June 30, 2027. Currently, it has committed to investing $1 million by June 30, 2025. The company is dedicated to progressing its exploration objectives in Botswana while maintaining its interests in Canadian diamond projects.

In summary, North Arrow Minerals Inc. is making significant advancements at the Kraaipan Gold Project through the innovative application of remote surveying techniques and targeted drilling strategies. The project, situated in a promising gold region, is set to undergo further evaluation following extensive initial surveys. With a solid funding strategy in place and an experienced exploration team, North Arrow is well-positioned to uncover valuable mineral deposits beneath the Kalahari cover.

Original Source: www.newswire.ca