North Arrow Minerals (TSXV:NAR) is exploring three lithium projects in the Northwest Territories, and in a conversation with the Investing News Network, President, Director and CEO Ken Armstrong discussed how the Canadian region compares favorably to other regions of the world in terms of opportunity for explorers.
“It’s a prospective region,” Armstrong said. “What’s attracting explorers is the fact that the setting is right. There were known spodumene pegmatites in the region, particularly around Yellowknife. And that’s the key focus of probably the most advanced company in the region, Li-FT Power (CSE:LIFT,OTCQX:LIFFF). They’re drilling those off, proving up, grades are there, thicknesses are there. The tonnage potential is significant.”
The Northwest Territories is less advanced and a little less well known, according to Armstrong. Although it is still possible to picture how operations could work, he believes the key part is the geology that’s been there. “The deposits have to be there, and we’re seeing that they are.”
North Arrow Minerals has acquired the fully permitted Mackay, Destaffany and LDG lithium projects in the Northwest Territories, and the company is currently preparing these assets to be drilled in 2024.
Watch the full interview with North Arrow Minerals President, Director and CEO Ken Armstrong above.
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