North Arrow Minerals Inc. (TSXV: NAR) (OTCQB: NHAWF) (FSE: 9TB) has reported that reverse circulation drilling at its Kraaipan Gold Project in Botswana has extended near-surface gold mineralization at the Tlou discovery to more than 700 metres of strike length. The company announced that all nine of the first reported holes intersected mineralized, altered, and quartz-veined banded iron formation, with standout results including 1.9 g/t Au over 20 metres within 1.2 g/t Au over 42 metres. The results expand the known footprint of a project that investors have been tracking through multiple drill rotations in 2026.

Key Points

  • North Arrow Minerals Inc. (TSXV: NAR) (OTCQB: NHAWF) (FSE: 9TB)
  • Tlou discovery strike extended to more than 700 m, with Rotation 4 drilling adding 400 m to the south and 100 m to the north of the previously announced 260-metre zone
  • Hole KR26-095 returned 1.9 g/t Au over 20 m within 1.2 g/t Au over 42 m from 17 m depth; 2026 exploration budget increased from US$2.3 million to US$2.86 million
  • Investors may be watching for assay results from the remaining seven holes, expected before year end

Rotation 4 Drilling Pushes Tlou Strike Beyond 700 Metres

Sixteen reverse circulation holes totalling 1,075 metres were completed during Rotation 4, with 14 holes at Tlou and two at the Nkwe target. Results from the first nine holes confirm that near-surface mineralization now extends more than 700 metres along strike, remaining open both along strike and down-dip. Seven holes tested the southern projection at approximately 60-metre spacing, all intersecting altered and quartz-veined banded iron formation and ferruginous chert. Four holes tested the northern strike extent, with results reported for two. The company noted that field mapping suggests east-west trending faults may have offset mineralized domains in the southern portion of the zone.

Standout Assay Results and High-Grade Cores at Tlou South

Hole KR26-095 delivered the strongest individual result, returning 1.93 g/t Au over 20 metres from 39 to 59 metres downhole, including a high-grade interval of 8.69 g/t Au over 3 metres, all within a broader intersection of 1.17 g/t Au over 42 metres. The release states that higher grades are associated with quartz veining and weathered sulphide. These results are comparable to Rotation 2 hole KR26-040, which previously returned 1.71 g/t Au over 12 metres within 1.11 g/t Au over 27 metres. At Tlou North, hole KR26-100 returned 0.56 g/t Au over 16 metres within a broader 45-metre zone averaging 0.36 g/t Au.

Gold Found Beyond BIF Widens Exploration Targets at Kraaipan

A notable development from the Rotation 4 results is the confirmation of gold mineralization in rock types beyond banded iron formation. Hole KR26-095 intersected altered mafic rocks returning 0.84 g/t Au over 4 metres, while KR26-100 returned 0.56 g/t Au over 16 metres within a hematite-altered, iron-rich unit with no visible quartz veining. The company stated that these results expand exploration targeting beyond BIF across the greenstone belt. The 2026 exploration budget has been increased from US$2.3 million to US$2.86 million to accommodate expanded drilling, rock sampling, and new soil sampling grids.

Remaining Drill Results and Nkwe Target Pending Before Year End

Assay results from seven additional Rotation 4 holes remain outstanding, including three holes from Tlou Main — two scissor holes designed to resolve mineralization geometry and one deeper test — plus two additional Tlou holes and two holes at the Nkwe target. The Nkwe holes were designed to test the southern strike extent of the discovery and better characterise mineralization previously intersected at 4.04 g/t Au over 9 metres. The company stated that all remaining assay results are expected before year end. Hyperspectral scanning of representative drill chips has been completed and results are being compiled.