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Northwest Territories is a Prospective Region for Lithium Explorers, Says North Arrow Minerals CEO

“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.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with North Arrow Minerals and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

This post appeared first on investingnews.com
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