Attention Business Editors:
Canadian Arrow Mines Ltd. - Kenbridge Nickel-Copper project open pit potential defined over 250 metres of strike length
SUDBURY, ON, Sept. 12 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V) the
Company reports that shallow drilling along 30 metre spaced sections has now
delineated the near surface, open pit accessible portion of the Kenbridge
Ni-Cu deposit along a minimum strike length of 250 metres. The extent of the
near surface mineralization was not evaluated by previous operators. CRO has
received assay data for 20 drill holes (KB-07-40 through to KB-07-59). The
assay results confirm the continuity of two shallow mineralized zones (East
and West) with grade and widths amenable to open pit extraction. Diamond
drilling continues to delineate the open pit zones beyond the limits of the
current strike extent and down to 150 metre vertical level.
New highlights include:
- 0.92% Ni, 0.44% Cu over 12.3 metres in drill hole KB-07-57
- 0.61% Ni, 0.28% Cu over 25.55 metres in drill hole KB-07-51
- 0.73% Ni, 0.47% Cu over 16.35 metres (West Zone) and 0.71% Ni,
0.29% Cu over 12.8 metres (East Zone) metres in drill hole KB-07-43
- 0.41% Ni, 0.214% Cu over 63.5 metres in drill hole KB-07-42
- 0.60% Ni, 0.15% Cu over 14.4 metres in drill hole KB-07-41
Todd Keast, P.Geo., Vice President of Exploration for Canadian Arrow
Mines commented, "The exploration program has accelerated with the addition of
a second Diamond drill rig, as well as surface stripping, mapping and channel
sampling. We now have a very good idea on the geometry of the deposit and the
controls on mineralization necessary for the evaluation of the open pit
component of the project. Looking ahead over the next two months the drilling
program will begin to focus on the underground portions of the deposit with
deeper drilling planned. We currently have a large backlog of samples at the
lab and are working to get these samples through the system and into our
database. The assays we've reported to date represent 38 of the 100 drill
holes that CRO has drilled on the Kenbridge deposit. The data we gather from
this drilling program will be used to complete an updated mineral resource
which will be the basis for our Kenbridge Scoping Study which we are planning
on releasing later this fall."
DRILL RESULTS
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Hole From To Length %Ni %Cu %Co
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KB-07-40 2.15 7.1 4.95 0.38 0.23 0.01
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32 56.8 24.8 0.33 0.22 0.01
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KB-07-41 54 68.4 14.4 0.60 0.15 0.01
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incl 66.55 68.4 1.85 3.57 0.68 0.06
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83.5 92.1 8.6 0.54 0.63 0.01
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KB-07-42 11 19.2 8.2 0.50 0.23 0.02
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88 151.5 63.5 0.41 0.14 0.02
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incl 100 105.1 5.1 1.02 0.43 0.04
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and 146 147.8 1.8 1.78 0.36 0.09
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KB-07-43 2 33.5 31.5 0.40 0.16 0.03
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incl 2 14.8 12.8 0.71 0.29 0.06
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67 82.55 15.55 0.25 0.07 0.01
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incl 80.25 82.55 2.3 1.27 0.29 0.04
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100.95 117.3 16.35 0.73 0.47 0.02
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incl 100.95 106 5.05 1.48 0.44 0.04
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KB-07-44 2 14.9 12.9 0.40 0.40 0.01
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KB-07-45 22 66 44 0.30 0.28 0.01
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incl 26 37.1 11.1 0.51 0.51 0.01
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and 50 56 6 0.53 0.51 0.01
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KB-07-46 3.6 13 9.4 0.38 0.16 0.01
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50.5 88.25 37.75 0.32 0.23 0.01
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incl 74 77.2 3.2 1.76 0.77 0.03
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KB-07-47 54 69 15 0.20 0.11 0.01
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101.7 109.2 7.5 0.21 0.12 0.01
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KB-07-48 assays pending
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KB-07-49 assays pending
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KB-07-50 42.8 85.9 43.1 0.22 0.13 0.01
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incl 42.8 50 7.2 0.70 0.19 0.02
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and 82.6 85.9 3.3 0.58 0.64 0.01
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KB-07-51 43.45 69 25.55 0.61 0.28 0.02
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incl 48 50.9 2.9 2.47 0.99 0.05
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and 57 67.9 10.9 0.66 0.35 0.02
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and 102 116.7 14.7 0.29 0.31 0.01
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KB-07-52 15 35 20 0.34 0.34 0.01
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KB-07-53 10.7 25 14.3 0.40 0.28 0.01
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64.5 72 7.5 0.41 0.71 0.01
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KB-07-54 12 50 38 0.29 0.19 0.01
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incl 15 16.9 1.9 0.98 0.27 0.02
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and 20 30 10 0.60 0.42 0.02
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KB-07-55 no significant assays
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KB-07-56 11 15 4 0.26 0.58 0.01
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32 52 20 0.25 0.27 0.01
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incl 44.3 50 5.7 0.40 0.63 0.01
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KB-07-57 30 83 53 0.35 0.29 0.01
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incl 60 83 23 0.61 0.40 0.02
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61.65 73.95 12.3 0.92 0.44 0.03
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KB-07-58 251 253 2 0.35 0.49 0.01
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KB-07-59 161 166 5 0.24 0.44 0.01
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The table below details drill hole survey and directional data.
Hole Northing Easting Elevation Azimuth Dip
KB-07-40 12345 6072 1513 315 -45
KB-07-41 12344 6096 1520 314 -45
KB-07-42 12344 6098 1520 305 -87
KB-07-43 12340 6114 1510 313 -45
KB-07-44 12314 6045 1506 306 -45
KB-07-45 12314 6074 1520 301 -50
KB-07-46 12313 6099 1510 310 -45
KB-07-47 12314 6130 1503 318 -45
KB-07-48 12283 6081 1518 308 -45
KB-07-49 12283 6082 1518 322 -87
KB-07-50 12283 6101 1518 303 -45
KB-07-51 12283 6125 1514 306 -45
KB-07-52 12253 6070 1515 313 -45
KB-07-53 12253 6096 1518 316 -45
KB-07-54 12253 6118 1514 315 -45
KB-07-55 12222 6075 1514 304 -46
KB-07-56 12222 6100 1514 307 -46.5
KB-07-57 12222 6120 1514 309 -45
KB-07-58 12283 6245 1524 303 -55
KB-07-59 12222 6191 1522 308 -45
The exploration program is being carried out under the direction of The
Company's Vice President of Exploration, Todd Keast P. Geo., a qualified
person as defined by National Instrument 43-101. The information in this
release was prepared under the direction of Kim Tyler, P. Geo., President of
the Company, a qualified person as defined by National Instrument 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".
If you would like to receive press releases via email please contact:
catarina@chfir.com
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
This news release may contain certain "Forward-Looking Statements" within
the meaning of Section 21E of the United States Securities Exchange Act of
1934, as amended. All statements, other than statements of historical fact,
included herein are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause
actual results to differ materially from the Company's expectations are
disclosed in the Company's documents filed from time to time with The TSX
Venture Exchange, Canadian Securities Commissions, and the United States
Securities & Exchange Commission. Not to be construed as an offer to buy or
sell securities of this company.
%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.: R. Kim
Tyler, P. Geo, President, Tel: (705) 673-8259, E-mail:
kim@canadianarrowmines.ca; CHF Investor Relations: Barry Leung, Tel: (416)
868-1079 x247, E-mail: barry@chfir.com or Cathy Hume, CEO, Tel: (416)
868-1079 x231, 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. |