Attention Business Editors:
Canadian Arrow reports assay results at Kenbridge Nickel-Copper Deposit
SUDBURY, ON, July 5 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V) The
Company reports assay results from the 100% owned Kenbridge Nickel Deposit
located near Kenora, Ontario. The eighteen holes reported in this release were
drilled on five drill sections, at a section spacing of 30 metres. Significant
results include 0.65% nickel and 0.17% copper over 116.7 metres including
3.30% nickel and 0.50% copper over 6.7 metres. The five contiguous sections
are situated along 150 metres of the central and northern portions of the
Kenbridge Deposit. A listing of significant intersections is compiled in the
table below.
-------------------------------------------------------------------------
Hole No. From To Length %Ni %Cu Section
-------------------------------------------------------------------------
KB-07-22 25.6 32.0 6.4 0.20 0.22 12436N
-------------------------------------------------------------------------
KB-07-23 8.5 18.0 9.5 0.44 0.29 12436N
-------------------------------------------------------------------------
KB-07-23 40.0 48.1 8.1 0.31 0.28
-------------------------------------------------------------------------
KB-07-24 3.5 14.1 10.6 0.92 0.16 12436N
-------------------------------------------------------------------------
KB-07-24 85.1 90.0 4.9 0.24 0.09
-------------------------------------------------------------------------
KB-07-25 24.0 29.0 5.0 0.34 0.10 12466N
-------------------------------------------------------------------------
KB-07-25 59.1 73.0 13.9 0.31 0.18
-------------------------------------------------------------------------
KB-07-26 6.6 12.0 5.4 0.22 0.22 12466N
-------------------------------------------------------------------------
KB-07-26 23.0 35.6 12.6 0.43 0.16
-------------------------------------------------------------------------
KB-07-27 No significant results 12466N
-------------------------------------------------------------------------
KB-07-28 31.0 48.0 17.0 0.58 0.34 12466N
-------------------------------------------------------------------------
(including) 31.0 38.0 7.0 1.07 0.71
-------------------------------------------------------------------------
KB-07-28 88.5 94.1 5.6 0.67 0.35
-------------------------------------------------------------------------
KB-07-29 No significant results 12497N
-------------------------------------------------------------------------
KB-07-30 5.6 37.2 31.6 0.24 0.11
-------------------------------------------------------------------------
(including) 5.6 13.0 7.4 0.52 0.24 12497N
-------------------------------------------------------------------------
KB-07-30 71.0 77.0 6.0 0.30 0.22
-------------------------------------------------------------------------
KB-07-30 138.5 153.0 14.5 0.93 0.27
-------------------------------------------------------------------------
(including) 144.0 148.0 4.0 2.10 0.39
-------------------------------------------------------------------------
KB-07-31 13.5 41.0 27.5 0.32 0.11 12497N
-------------------------------------------------------------------------
(including) 13.5 20.0 6.5 0.66 0.21
-------------------------------------------------------------------------
KB-07-32 23 30.5 7.5 0.37 0.23 12405N
-------------------------------------------------------------------------
KB-07-33 12 60.3 48.3 0.47 0.23 12405N
-------------------------------------------------------------------------
(including) 32.7 37.2 4.5 2.68 1.15
-------------------------------------------------------------------------
KB-07-34 3.75 27.0 23.25 0.31 0.14 12405N
-------------------------------------------------------------------------
(including) 6.0 10.25 4.25 0.88 0.42
-------------------------------------------------------------------------
KB-07-35 No significant results 12375N
-------------------------------------------------------------------------
KB-07-36 26.55 51.7 25.15 0.80 0.24 12375N
-------------------------------------------------------------------------
(including) 46.85 50.3 3.45 3.75 0.76
-------------------------------------------------------------------------
KB-07-37 1.5 8.7 7.2 0.47 0.18 12375N
-------------------------------------------------------------------------
KB-07-37 55.0 75.45 20.45 0.31 0.21
-------------------------------------------------------------------------
KB-07-38 2.1 118.8 116.7 0.65 0.17 12375N
-------------------------------------------------------------------------
(including) 2.1 52.9 50.8 1.005 0.23
-------------------------------------------------------------------------
(including) 2.1 6.0 3.9 2.36 0.53
-------------------------------------------------------------------------
(including) 43.5 50.2 6.7 3.30 0.50
-------------------------------------------------------------------------
(including) 113.35 118.0 4.65 1.86 0.50
-------------------------------------------------------------------------
KB-07-39 10.0 26.9 16.9 0.78 0.26 12375N
-------------------------------------------------------------------------
(including) 13.85 20.15 6.3 1.79 0.43
-------------------------------------------------------------------------
Kenbridge mineralization consists of three higher grade sulphide zones
hosted within a 65 m wide gabbro body. The intersections tabled above
represent intersections of the three zones at relatively shallow levels.
SRK Consulting, (Canada) recently completed a National Instrument 43-101
Resource Estimate on the Kenbridge Deposit (May 4, 2007, on SEDAR). The total
Inferred Resource estimate for Kenbridge was 3.2 million tonnes of 0.73
percent nickel and 0.35 percent copper. The Resource was subdivided into two
inferred resources IF1 and IF2. The IF1 Mineral Resource considered amenable
to open pit mining consists of 2.1M tonnes averaging 0.58% nickel and 0.26%
copper. It extends to a depth of 150 metres, the initial consideration on
limits of an open pit mining operation.
Kim Tyler, President of Canadian Arrow Mines commented, "The first phase
of drilling at Kenbridge is intended to confirm the geometry and continuity of
the near-surface IF1 Resource estimate to a satisfactory level that it may be
upgraded to a Measured/Indicated classification. The eighteen holes tabled in
this release represent the initial results of a robust drill program that will
continue at Kenbridge through the summer and fall. A second drill has been
mobilized to the site and will commence the evaluation and upgrading of the
underground portion of the resource estimate. Opportunities still exist to
expand the resource at its extents. Kenbridge remains open at depth"
"Although confirmation and upgrading of the Kenbridge Resource is our
first priority, early stage exploration has already begun on our outlying
claims. Future drilling programs will expand outwards to follow up on existing
and new exploration targets."
The table below details drill hole survey and directional data.
----------------------------------------------------------------
Hole No. Northing Easting Elevation Dip Azimuth
----------------------------------------------------------------
KB-07-22 12436 6057.0 1521 -45 307.2
----------------------------------------------------------------
KB-07-23 12436 6085.4 1521.0 -42.9 307.7
----------------------------------------------------------------
KB-07-24 12436 6117.0 1518.0 -48 307.2
----------------------------------------------------------------
KB-07-25 12466 6117.7 1519.5 -47.9 316.9
----------------------------------------------------------------
KB-07-26 12466 6084.0 1519.5 -46.1 310.1
----------------------------------------------------------------
KB-07-27 12466 6055.6 1520.0 -45.2 311
----------------------------------------------------------------
KB-07-28 12466 6133.6 1521.0 -46.1 310.4
----------------------------------------------------------------
KB-07-29 12497 6093.8 1518.0 -44.7 311.3
----------------------------------------------------------------
KB-07-30 12497 6095.3 1518.0 -86.4 315.6
----------------------------------------------------------------
KB-07-31 12497 6119.5 1520.0 -45.7 308.4
----------------------------------------------------------------
KB-07-32 12405.5 6049.2 1520.0 -47.3 306.9
----------------------------------------------------------------
KB-07-33 12405 6073.8 1520.5 -45.8 305.2
----------------------------------------------------------------
KB-07-34 12405 6118.0 1518.0 -47 312.2
----------------------------------------------------------------
KB-07-35 12375 6045.2 1519.0 -47.1 305.7
----------------------------------------------------------------
KB-07-36 12375 6063.5 1520.0 -45.9 291.6
----------------------------------------------------------------
KB-07-37 12375 6084.3 1520.0 -45.8 307.8
----------------------------------------------------------------
KB-07-38 12375 6117.0 1518.0 -47.6 296.5
----------------------------------------------------------------
KB-07-39 12344 6045.0 1519.5 -48 290.4
----------------------------------------------------------------
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
|
PRODUCER |
CODE : CRO.V |
ISIN : CA1353431010 |
|
| |
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. |