11:19 AM EDT, 09/25/2025 (MT Newswires) -- North Arrow Minerals ( NHAWF ) down 20% on last look, Thursday reported initial reverse circulation (RC) drilling results from its Kraaipan Gold Project in Botswana.

Results from 109 of 175 RC holes have now been received, returning anomalous gold in five separate areas including three areas with bedrock samples up to 0.9 g/t gold and two areas with overburden samples up to 0.28 g/t gold collected from the base of the Kalahari.

North Arrow and partner Rockman Resources have completed an initial US$1 million regional reconnaissance program.

Following receipt and evaluation of the remaining RC drill results, the two companies will develop a follow up program, likely consisting of additional RC drilling and sampling within priority areas.

North Arrow can earn a 60% interest in Kraaipan through $5 million in exploration expenditures over three years, with a $1 million firm commitment by June 30, 2025, which has been achieved. It can earn an additional 20% interest with the completion of a preliminary economic assessment.

The company's shares are down $0.045, to $0.175, on the TSX Venture Exchange.

Price: 0.18, Change: -0.05, Percent Change: -20.45