North Arrow Minerals Inc. announced the completion of soil sampling program on diamond projects Pico (Pikoo) and Mel (Mel) in Canada.
Ken Armstrong (Ken Armstrong), president and CEO, said: "North Arrow completed an active summer program of geological exploration work was mainly focused on the sampling program with three projects, including a new project Loki (Loki), located in. district of Lac de Gras Northwest territories. exploration programs were designed to assess the target areas to Loki as well as for purposes of identifying potential drilling near the exit to the surface of kimberlite indicator minerals on diamond projects Pico Saskatchewan and Mel in Nunavut. "
Pico Diamond Project was selected for a total of 101 samples. The results will be used to determine the drilling purposes.
Sampling was also carried out on the company-owned 100% of the project Mel, and the total number of such specimens was 111. The
exploration program in 2016, the results will be available within the next few months.
At the same time, North Arrow abandoned its possible to get from Arctic Star Exploration Corp. stake in the project Redemption (Redemption) in the Northwest Territories of Canada. However, the company retains 100% interest in 13 mineral claims covering 7.059 hectares, which include the design and Loki.
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The Executive Committee of the World Federation of Diamond Bourses (WFDB) met on November 1-2 in Idar-Oberstein, Germany, to discuss the current state of the global diamond industry and approve a new strategy.
The main theme of the meeting was the expansion of the WFDB membership as the world diamond trade leader due to the admission of new members to the organization and the introduction of a global communication strategy. Thanks to this, WFDB will be able to become an authoritative trading organization of the diamond industry.
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