VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 6, 2012) - North Arrow Minerals Inc. (TSX VENTURE:NAR) is pleased to announce that it has signed a Letter of Intent ("LOI") to acquire a 100% interest in the El Tesoro copper-gold project, ("El Tesoro" or "the Project") which is located approximately 250 kilometres north of Santiago and 35 kilometres from the town of Illapel, in Region IV of Chile. El Tesoro is host to geological features similar to the archetype Candelaria iron-oxide-copper-gold (IOCG) deposit, as well as the pre-feasibility stage El Espino IOCG deposit that lies approximately 3.5 kilometres to the south of the Project. The mineralized system at El Tesoro includes a 1.8 x 1.5 kilometre alteration zone with a strong potassic-altered centre and albite-silica halo. A near-surface meso-thermal vein system hosts gold, copper and iron mineralization, and there is the potential for significant disseminated copper and gold at depth.
