North Arrow Identifies New Anomalous Gold-in-Bedrock Occurrence Beneath Kalahari Sand Cover at Target AM and Commences Rotation 4 RC Drilling at Target AE, Kraaipan Gold Project, Botswana
New anomalous bedrock gold at Targets AM and AH supports a larger 2026 drill program at Kraaipan, including a 1,000 m strike test at Target AE.
Rhea-AI Summary
North Arrow Minerals (NHAWF) reported anomalous gold-in-bedrock results from Rotation 3 RC drilling at the Kraaipan Gold Project in Botswana and has started Rotation 4 drilling at Target AE as part of its 2026 program.
Rotation 3 comprised 44 reconnaissance RC holes totaling 1,639 m across five target areas, with five holes returning gold values above 0.02 ppm Au. A new gold-in-bedrock occurrence was identified at Target AM, where hole KR26-081 intersected altered banded iron formation beneath 32 m of Kalahari cover and returned 0.21 g/t Au over 5 m. Anomalous bedrock gold was also intersected at Target AH, extending known mineralization approximately 9 km north of Target AE and 16 km north of Target A.
Rotation 4 at Target AE will include at least 15 angled RC holes to test an interpreted 1,000 m strike length and down-dip extensions near prior intercept KR26-040 (27 m @ 1.11 g/t Au). Follow-up drilling is planned at Target AF, and the 2026 exploration budget has been increased to US$2.86 million to fund the expanded work.
Positive
- New Target AM bedrock intercept of 0.21 g/t Au over 5 m beneath 32 m cover
- Anomalous bedrock gold now traced ~9 km north of Target AE and 16 km north of Target A
- Rotation 4 program to test ~1,000 m strike and down-dip continuity at Target AE
- Follow-up drilling at Target AF to probe high-grade intercept of 4.04 g/t Au over 9 m
- 2026 exploration budget increased from US$2.3M to US$2.86M to expand drilling and sampling
- Kraaipan land package covers ~724 km² over the ~60 km northern Kraaipan Greenstone Belt extension
Negative
- None.
News Explained
North Arrow does not yet hold the full project interest described: it can earn 60% by investing
Details
News Market Reaction – NHAWF
In the Sep 8 session, NHAWF gained 3.05%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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Rotation 3 RC Drilling Returns Anomalous Bedrock Gold at Target AM, Approximately 9 km North of Target AE
Vancouver, British Columbia--(Newsfile Corp. - September 8, 2026) - North Arrow Minerals Inc. (TSXV: NAR) (OTCQB: NHAWF) (FSE: 9TB) ("North Arrow" or the "Company") today reports results from 44 regional reconnaissance reverse circulation ("RC") holes completed during Rotation 3 at the Kraaipan Gold Project ("Kraaipan") in southern Botswana, including a new gold-in-bedrock occurrence at Target AM, where hole KR26-081 returned 0.21 g/t Au over 5 m beneath 32 m of Kalahari cover. The Company has also commenced Rotation 4 RC drilling at Target AE, a planned 15-hole program designed to test the strike and down-dip continuity of the target across its interpreted 1,000 m strike length, as part of its US
Key Highlights
New gold-in-bedrock occurrence identified at Target AM - Five of the 44 Rotation 3 holes returned gold values greater than a threshold of 0.02 ppm Au. RC hole KR26-081, located on the western end of transect 8a within Target AM, intersected 32 m of Kalahari cover before entering mineralized banded iron formation ("BIF") and altered BIF, with evidence of quartz veining, returning 0.21 g/t Au over 5m.
Anomalous gold extended beneath cover at Target AH - Two holes on the Target AH fences returned anomalous bedrock gold in iron-stained, quartz-veined BIF, extending known gold occurrences beneath Kalahari sand cover into areas approximately 9 km north of Target AE and 16 km north of Target A.
Rotation 4 RC drilling underway at Targets AE and AF - 15 holes are planned at Target AE to test strike continuity (13 holes) north and south of the Rotation 2 drilling fence, and down-dip continuity (2 holes) in the vicinity of KR26-040, which returned 27 m @ 1.11 g/t Au. Further drilling will test the 1,000 m potential strike length of Target AE. Follow-up RC drilling is planned at Target AF Grid 1 to test the southern strike extent of the BIF intersected in RC hole KR-26-021 (9 m @ 4.04 g/t Au from 11-20 m).
CEO Commentary
Eira Thomas, Chief Executive Officer of North Arrow, stated: "Rotation 3 drilling has extended known bedrock gold mineralization at Kraaipan a further 9 km north of Target AE, and 16 km north of Target A, and has identified new target areas worthy of follow-up. Our priority remains Target AE, where drilling to date has delivered traceable zones of mineralization with widths and grades comparable to the BIF-hosted zones being mined at Harmony's Kalgold Mine, 40 km to the south in the same belt. Rotation 4, now underway, is testing the interpreted 1,000 m strike length and the down-dip extension of the 27 m at 1.11 g/t Au intersected earlier this year. We have increased the 2026 budget to US
RC Drilling
Figure 1 provides a map of the Rotation 3 regional drill hole locations with the new anomalous gold-in-bedroock occurences. Figure 2 shows the proposed holes planned for Rotation 4 drilling at Target AE.
Figure 1: Kraaipan Gold Project - Location map of Rotation 3 RC drill locations (green) with Au-anomalous holes labeled; located in in the central area of the Kraaipan Gold Project.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3881/313317_23cfd418048c6b93_002full.jpg
Rotation 3 Regional Reconnaissance RC Drilling Results
Rotation 3 drilling was completed in two tranches, from June 10 to 19 and from July 16 to August 3, and comprised 44 vertical RC holes totaling 1,639 m in 10 fences across five target areas (Figure 1). Collar locations and summary hole data were previously disclosed in the Company's press release dated August 24, 2026. Depth to bedrock averaged 31 m, to a maximum of 45 m. Samples were collected at the base of the Kalahari ("BOK") for overburden geochemistry, together with bedrock samples ("BR"). Bedrock intersections are comprised of unaltered BIF and variable altered mafic assemblages. The program was designed to test prospective geology and geophysical trends in areas lacking outcrop, building on results and interpretations from the 2025 and 2026 programs.
Rotation 3a was comprised of 14 RC holes on three fences at Target AI (two fences) and Target AK (one fence), with two holes abandoned before intersecting bedrock. A total of 14 BOK and 57 BR samples were collected. No anomalous gold samples were returned from Rotation 3a drilling.
Rotation 3b comprised 30 RC holes that assessed Targets AG, AH, and AM. Three holes were abandoned before intersecting bedrock. A total of 38 BOK and 86 BR samples were collected. Reported intercepts do not represent true widths. Two holes from Target AH returned gold values above a 0.02 ppm threshold in BIF with iron staining and evidence of quartz veining: KR26-060 returned four continuous bedrock samples (7 m) with Au ranging from 0.033 to 0.036 ppm from 18-25 m depth; KR26-061 returned a 1 m BR intersection of 0.05 ppm Au at 24-25 m depth, in thinly banded BIF with iron staining.
Three holes drilled at Target AM returned gold values above a 0.02 ppm threshold. KR26-086 returned an upper BR sample of 0.19 ppm Au over 1 m (31-32 m) with two underlying samples of 0.08 and 0.03 ppm Au in thinly banded BIF with minor quartz veining. KR26-084, drilled 15 m east of KR26-081, returned a BOK result of 0.041 ppm (30-31 m) from BIF dominated cover material overlying basalt. KR26-081, on the western end of transect 8a within Target AM, intersected 32 m of Kalahari cover and drilled into a 5 m intersection of altered BIF with evidence of quartz veining that returned 0.21 ppm Au from 32-37 m depth, hole ended at 37 m.
Figure 2: Kraaipan Gold Project - Location map of the proposed Rotation 4 RC drill locations in area of Target AE (green diamonds).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3881/313317_23cfd418048c6b93_003full.jpg
Rotation 4 RC Drilling Target AE and AF
The Rotation 4 program at Target AE is expected to consist of a minimum 15 holes drilled at a 60-degree angle, 275-280o azimuth, with 60 m step outs north and south, along with two planned deeper holes testing the down-dip extension of mineralization in the vicinity of KR26-040 which returned 27 m @ 1.11 g/t Au. Please refer to the Company's news release dated July 15, 2026. Planned hole lengths of 60-70 m for the along strike and 130-150 m for the down-dip, vertical depths for intersection of the mineralized package are estimated at 20-50 m for holes drilled along strike and 75-100 m for the down dip RC holes. Drilling is planned to test along the potential 1,000 m strike extent outlined in the North Arrow news release dated August 24, 2026.
A further four shallow RC holes are also planned at Target AF (time permitting) to test the southern strike extent and better resolve the nature of mineralization intersected at AF-Grid 1 in RC drill hole KR26-021 (4.04 g/t Au over 9 m) as reported in North Arrow's news release dated July 15, 2026).
Summary
The Company continues to progress the Kraaipan Project with an integrated approach combining interpretation of existing and new high resolution geophysical data, new surface sampling and RC drilling data. This approach supports the thesis that the underexplored region has high potential to host a bulk tonnage, low grade BIF-associated gold deposit analogous to the producing Kalgold Mine of Harmony Gold Mining Company Ltd.
Regional reconnaissance RC drilling of favorable geology and geophysical features intersected anomalous bedrock gold at Targets AH and AM, extending known gold occurrences under Kalahari sand cover in areas approximately 9 km north of Target AE, and 16 km north of Target A. Regional RC reconnaissance drilling of geophysical and prospective geology has proven to be an excellent methodology for rapid sampling under Kalahari cover.
Building on RC drilling and surface sampling results, the 15-hole Rotation 4 program will test the strike and down-dip extent of Target AE over a 1,000 m strike length. Follow-up drilling at Target AF Grid 1 will test for the southern extent of high-grade altered BIF and ferruginous chert intersected earlier in 2026.
The previously approved 2026 exploration budget of US
Next Steps
Rotation 4 drilling has commenced and intended to test and confirm the down dip and along strike extension of Target AE, and strike extension at Target AF. Results are expected in Q4/26.
Hyperspectral scanning of representative 2025 and 2026 RC drill chips and cuttings will commence in mid-September, and the program is anticipated to be completed in mid-October with results in later Q4/26.
Surface prospecting, soil sampling, and ground geophysics will continue across the property. A soil grid is planned for the area south of Target A, and additional prospecting will be conducted south and west of the main Target AE area, Target AN and the north of Target AF.
About the Kraaipan Gold Project
The Kraaipan Project comprises approximately 724 km² of mineral concessions covering the entire ~60 km northern extension of the Kraaipan Greenstone Belt, a highly prospective Archean greenstone terrain straddling the Botswana-South Africa border. Over
North Arrow can earn up to
Sampling, Laboratory Analyses and QA/QC
RC and surface rock samples collected in the field were driven to Mineral Services' facility in Gaborone to be sorted and prioritized for assay. Samples were allocated unique random sample numbers, sealed and shipped to ALS's laboratory in Johannesburg, South Africa using industry-standard chain-of-custody protocols. Following an initial coarse crush (CRU-21), the entire sample is then pulverized (PUL-21) to better than
QA/QC protocols include ALS laboratory's own internal quality assurance controls as well as Rockman's field controls, including the insertion of duplicates and certified reference materials (CRM), each at a rate of roughly one per 20 samples. QA/QC data are evaluated on receipt for failures, and appropriate action is taken if results for duplicates, CRMs and blanks fall outside allowed tolerances.
About North Arrow Minerals
North Arrow Minerals is a Vancouver-based exploration company focused on evaluating the Kraaipan Gold Project. Management and advisors bring significant global exploration and mining experience. North Arrow's exploration programs are conducted under the direction of Dr. John Armstrong, Ph.D., P.Geo. (NWT/NU), President and Chief Operating Officer of North Arrow and a Qualified Person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Dr. Armstrong has reviewed and approves the contents of this press release.
North Arrow Minerals Inc.
/s/ "Eira Thomas"
Eira Thomas, Chief Executive Officer
For further information, please contact:
Nick Thomas, Manager of Investor and Community Relations
Tel: 778-229-7194 | Email: nthomas@northarrowminerals.com
Website: www.northarrowminerals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains "forward-looking statements" including but not limited to statements with respect to North Arrow's plans, the estimation of a mineral resource and the success of exploration activities. Forward-looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not restricted to, the amount of geological data available, the uncertain reliability of drilling results and geophysical and geological data and the interpretation thereof, and the need for adequate financing for future exploration and development efforts. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. The Company assumes no obligation to update forward-looking statements except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/313317
FAQ
What were the main results from Rotation 3 RC drilling at Kraaipan?
Rotation 3 included 44 vertical RC holes totaling 1,639 m in 10 fences over five target areas. Five holes returned gold values above 0.02 ppm Au. At Target AM, KR26-081 intersected 0.21 g/t Au over 5 m in altered BIF beneath 32 m of Kalahari cover, and KR26-086 returned up to 0.19 ppm Au over 1 m. At Target AH, KR26-060 intersected four continuous bedrock samples over 7 m ranging from 0.033 to 0.036 ppm Au, and KR26-061 returned 0.05 ppm Au over 1 m.
What is planned for Rotation 4 RC drilling at Targets AE and AF?
At Target AE, Rotation 4 is expected to comprise a minimum of 15 RC holes drilled at 60 degrees and 275–280° azimuth, with 60 m step-outs along strike and two deeper holes testing down-dip extensions near KR26-040 (27 m @ 1.11 g/t Au). Planned hole lengths are 60–70 m along strike and 130–150 m for down-dip tests, targeting vertical depths of 20–50 m and 75–100 m respectively, over an interpreted 1,000 m strike. Time permitting, four shallow holes are also planned at Target AF to test the southern strike extent of mineralization intersected in KR26-021 (4.04 g/t Au over 9 m).
How has North Arrow adjusted its 2026 exploration budget for Kraaipan?
The previously approved 2026 exploration budget of US$2.3 million has been increased to a total of US$2.86 million. The company stated this increase will accommodate the Rotation 4 drilling at Target AE and AF, additional rock sampling, and the addition of soil sampling grids.
What is the scale and geological setting of the Kraaipan Gold Project?
The Kraaipan Project covers approximately 724 km² of mineral concessions along the ~60 km northern extension of the Kraaipan Greenstone Belt in Botswana. Over 80% of this northern belt is covered by Kalahari overburden and has seen limited past exploration. The belt is the same Archean greenstone terrane that hosts Harmony Gold's Kalgold Mine, a multi-million-ounce, banded-iron-formation-hosted gold operation located about 40 km to the south.
What are the earn-in terms for North Arrow's interest in Kraaipan?
North Arrow can earn up to 80% interest in the Kraaipan Project from Rockman Resources. A First Option allows North Arrow to earn 60% by investing US$5 million over three years, which includes a US$1 million firm commitment that has been achieved. At Rockman's election, a Second Option would allow North Arrow to earn an additional 20% upon completion of a Preliminary Economic Assessment.
What analytical methods and QA/QC procedures are used for Kraaipan samples?
RC and surface rock samples are prepared by Mineral Services in Gaborone and analyzed by ALS in Johannesburg. Samples are crushed and pulverized to better than 85% passing 75 microns before analysis. Gold is analyzed by 50 g fire assay with ICP-AES finish (Au-ICP22), with ore-grade check assays using fire assay and gravimetric finish (Au-GRA22) for samples over 10 ppm. Whole-rock major and trace elements are analyzed by lithium borate fusion (ME-ICP06 and ME-MS81), and additional base metals by four-acid digestion (ME-4ACD81). QA/QC includes ALS internal controls and Rockman field controls, with duplicates and certified reference materials inserted at roughly 1 in 20 samples.
What additional work programs are planned beyond RC drilling?
The company plans hyperspectral scanning of representative 2025 and 2026 RC chips and cuttings from mid-September to mid-October, with results expected in late Q4 2026. Surface prospecting, soil sampling, and ground geophysics will continue, including a soil grid south of Target A and additional prospecting south and west of Target AE, at Target AN, and north of Target AF.