July 14, 2010 North Arrow Minerals provided an update on its recent drilling program at the Beaverdam lithium project located in North Carolina, USA. Drill holes 10-BD-13 through 10-BD-15 were drilled along a 500 m strike length of the eastern pegmatite trend. All holes were drilled at an angle of -45 degrees and each encountered between 4 and 6 mineralized pegmatites exceeding 2 m in width with highlight intervals including 1.14% Li2O over 9.95 m starting at 116.9 m in 10-BD-13 and 1.09% Li2O over 11.3 m starting at 193.25 m in 10-BD-14.
March 19, 2010 North Arrow announced it has arranged a non-brokered private placement of 5,560,000 units at a price of CAN$0.18 per unit, for gross proceeds of up to CAN$1,000,800. The net proceeds of the private placement will be used to advance the Beaverdam project as well as the company’s Lac de Gras diamond project and for general working capital. The company's 2009 drilling program at the Beaverdam project in USA consisted of twelve drill holes (1,235 meters (m)) and final assays from holes 09-BD-09, 09-BD-11 and 09-BD-12 include 1.16% lithium oxide (LiO2) over 7.57 m.
December 10, 2009 North Arrow Minerals provide initial assay results from recent drilling at its wholly owned Beaverdam lithium project in North Carolina, USA. Drill hole 09-BD-06 was drilled at -75 degrees, intersecting 13 intervals of mineralized pegmatite including 13.0 m grading 1.24% Li2O.