Attention Business Editors:
Canadian Arrow Awards Engineering and Metallurgical Contracts for Kenbridge Nickel-Copper Project
SUDBURY, ON, Aug. 23 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V) The
company has awarded a metallurgical test work contract to Xstrata Process
Support and an environmental and engineering services contract to DST
Consulting Engineers in order to advance the Company's 100% owned Kenbridge
Nickel Project in Northwestern Ontario.
These environmental and engineering contracts will provide valuable
information for the Preliminary Assessment Study, (PAS) now in full progress.
Micon International, WMT Associates and P&E Consultants are currently
completing the PAS study. The PAS is the first step towards completing a full
Bankable Feasibility Study.
The company's Vice President of Operations, Garett Macdonald, states "Our
exploration program is progressing extremely well. We are very encouraged to
accelerate the steps required to prepare the Kenbridge Project for an early
production decision. We have several environmental and engineering studies
running in parallel that are necessary for feasibility level designs and
future permitting. A lot has been accomplished since initiating the infill
Diamond drilling project in April of 2007."
Xstrata Process Support will perform metallurgical test work on the
Kenbridge mineralization. The first phase of the program will involve
mineralogical analysis, flotation circuit optimization and concentrate
characterization with the second phase focused on grinding circuit
optimization. The metallurgical test work will be used to design the process
flow sheet and determine mill operating and capital costs. Test work is in
progress on recently submitted samples.
DST Consulting Engineers are completing environmental baseline studies at
the site, focusing on wildlife & ecosystem mapping, soils and vegetation, fish
habitat and water quality. In addition to the environmental and geotechnical
programs, DST is investigating design parameters for the open pit walls and
underground mine openings and areas for storing waste rock and tailings. DST
will also be assisting the company with future infrastructure designs and
permitting.
The PAS for the Kenbridge project is expected to be completed this fall.
The study will be based on an updated NI43-101 resource estimate, including
the drill information obtained so far from this year's Diamond drill program.
This program has focused on the top 150 metres of the deposit, left largely
unexplored by previous owners and thought to have excellent potential for open
pit mining.
The Company is currently well financed in order to complete all of the
programs currently envisaged for 2007.
The mine engineering aspects of the program are being carried out under
the direction of the Company's Vice President of Operations, Garett Macdonald,
P. Eng., MBA., a Qualified Person as defined by NI 43-101 The information in
this release was prepared under the direction of Kim Tyler, P. Geo.,
President, also a Qualified Person as defined by NI 43-101.
About Canadian Arrow Mines, Ltd.
Canadian Arrow Mines, Ltd. is an established Canadian exploration and
development Company committed to developing and advancing base metal deposits
close to existing infrastructure through exploration, development and
acquisition. Shares of Canadian Arrow Mines trade on the TSX Venture Exchange
under the symbol "CRO".
To receive press releases via email please contact catarina@chfir.com
and mention "Arrow news" on the subject line.
THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL
RESPONSIBILITY FOR ITS CONTENTS.
THE TSX VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THIS PRESS
RELEASE.
%SEDAR: 00008534E
For further information: visit the website at www.canadianarrowmines.ca, or
call toll free, 1-877-262-6354, or contact: Canadian Arrow Mines, Ltd., Kim
Tyler, President, Tel: (705) 673-8259, E-mail: kim@canadianarrowmines.ca;
CHF Investor Relations, Barry Leung, Tel: (416) 868-1079 ext. 247, E-mail:
barry@chfir.com or Cathy Hume, CEO, Tel: (416) 868-1079 ext. 231, E-mail:
cathy@chfir.com
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PRODUCER |
CODE : CRO.V |
ISIN : CA1353431010 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Canadian Arrow is a nickel and gold producing company based in . Canadian Arrow produces nickel, gold, cobalt and copper in Canada, develops cobalt, copper and nickel in Canada, and holds various exploration projects in Canada. Its main assets in production are ALEXO and CHIEF PETER LAKE in Canada, its main asset in development is KENBRIDGE in Canada and its main exploration properties are ATIKOKAN PROPERTIES, HALLIDAY DOME and HART in Canada. |