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North Arrow Minerals ( (TSE:NAR) ) has issued an announcement.
North Arrow Minerals has launched its 2026 exploration campaign at the Kraaipan Gold Project in southern Botswana, building on a 2025 reconnaissance program that outlined six gold-anomalous areas over the 45 km Kraaipan Greenstone Belt. The company reported high-grade surface grab samples, including 68.5 g/t gold at Target A and 10.7 g/t gold at Target K, and an earlier RC drill intercept of 1.56 g/t gold over 30 m from surface at Target A.
The new program, which began on February 18, combines airborne geophysical surveying with follow-up surface prospecting and a phased RC drilling campaign focused initially on Target A’s 700 m-long mineralized zone. With an approved budget of up to US$2.3 million, almost double 2025 spending, North Arrow aims to systematically test priority targets A, AE, AF and K and advance the Kraaipan project toward defining its resource potential, signaling an escalation of exploration efforts in this emerging gold belt.
The most recent analyst rating on (TSE:NAR) stock is a Hold with a C$0.36 price target. To see the full list of analyst forecasts on North Arrow Minerals stock, see the TSE:NAR Stock Forecast page.
Spark’s Take on TSE:NAR Stock
According to Spark, TipRanks’ AI Analyst, TSE:NAR is a Neutral.
The score is held back primarily by weak financial performance (no revenue, recurring losses, and ongoing cash burn), despite a low-debt balance sheet. Technicals are supportive with a clear uptrend, but momentum is stretched (high RSI/Stoch). Valuation remains constrained by negative earnings and no dividend support.
To see Spark’s full report on TSE:NAR stock, click here.
More about North Arrow Minerals
North Arrow Minerals Inc., listed on the TSX Venture Exchange, is a Canadian exploration company focused on gold discovery and resource definition. Its primary activity at present centers on the underexplored Kraaipan Gold Project in Botswana’s Kraaipan Greenstone Belt, targeting potentially economic gold mineralization beneath shallow Kalahari sand cover.
Average Trading Volume: 51,555
Technical Sentiment Signal: Hold
Current Market Cap: C$12.29M
For a thorough assessment of NAR stock, go to TipRanks’ Stock Analysis page.