North Arrow Doubles Down on Botswana Gold Exploration with $2.3M Kraaipan Campaign
Event summary
- North Arrow commenced its 2026 exploration program at the Kraaipan Gold Project in Botswana on February 18, 2026, following a successful $1.2M 2025 campaign that identified six gold-anomalous areas.
- The 2026 program has a budget of up to $2.3M, nearly double the 2025 investment, and includes four rotations of RC drilling, geophysical surveys, and surface prospecting.
- Target A, the site of the program's highest-grade RC intercept (30m @ 1.56 g/t Au) and a 68.5 g/t surface sample, will be the focus of Phase 1 RC drilling starting in early March.
- The Kraaipan Project covers the northern extension of the same Archean greenstone belt hosting Harmony Gold's Kalgold Mine, a multi-million-ounce gold operation located 40 km to the south.
The big picture
North Arrow's increased investment in the Kraaipan Gold Project reflects a strategic focus on advancing underexplored gold prospects in Botswana. The project's proximity to Harmony Gold's Kalgold Mine underscores its potential, as the region has a proven track record of hosting significant gold mineralization. The company's use of proprietary exploration technologies and its partnership with Rockman Resources, which has extensive experience in Botswana, further strengthen its position in the sector.
What we're watching
- Resource Potential
- Whether the 2026 drilling campaign can confirm and expand the high-grade intercepts identified in 2025, particularly at Target A, to define a significant mineral resource.
- Execution Risk
- The pace at which North Arrow can advance its exploration targets while managing the logistical challenges of operating in the Kalahari-covered Kraaipan Greenstone Belt.
- Strategic Positioning
- How North Arrow's exploration success at Kraaipan could position it as a competitive player in the Botswana gold mining sector, particularly in relation to Harmony Gold's Kalgold Mine.
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