Attention Business Editors:
Canadian Arrow returns drill results of 4.27% Ni and, 0.54% Cu over 5.0 metres at Kenbridge
SUDBURY, ON, Feb. 11 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V) (the
"Company") today announced assay results from drill intersections from the
2007 program up to hole 138 which include holes from the open pit portion of
the deposit that were backlogged with the assay lab, as well as some holes
from below the limits of the proposed open pit.
Commenting on the results, Kim Tyler, President of the Company stated,
"These results continue to demonstrate the excellent continuity of the deposit
while also illustrating there are high grade zones of mineralization which may
be amenable to mining early in the proposed production of the Kenbridge
deposit."
Particularly notable is Diamond drill hole KB-07-78 which, unfortunately,
was not available to be included in the calculations for the recently
announced Preliminary Economic Assessment (see Press Release dated January 10,
2008). It assayed 1.05% Ni and 0.22% Cu over a core length of 24.0 metres
including a high grade section of 4.27% Ni and 0.54% Cu over 5.0 metres. The
KB-07-78 intersection demonstrates the substantial widths of shallow nickel
mineralization that also incorporate high grade nickel sections.
Highlights of the assays which have recently been returned from holes
drilled within the limit of the proposed pit are as below:
- KB-07-78 - 1.05% Ni, 0.22% Cu 4.0% Ni 24.0 m including 4.27% Ni,
0.54% Cu over 5.0 m
- KB-07-96 - 0.97%Ni, 0.43% Cu over 20.0 m including 1.35% Ni,
0.47% Cu over 9.0 m
- KB-07-113 - 1.06% Ni, 0.38% Cu over 16.4 m including 3.5% Ni,
1.09 %Cu, over 3.8 m
- KB-07-127 - 0.80% Ni, 0.54% Cu over 14.8 m including 2.36% Ni,
0.91% Cu over 2.9 m
- KB-07-136 - 0.82% Ni, 0.53% Cu over 22.8m.
The backlog of assays now stands at approximately 45 drill holes that
have not had been reported. These remaining holes are concentrated below the
proposed open pit portion of the deposit.
Two rigs are Diamond drilling on Kenbridge now, targeting between the 160
m level and the 400 m level of the deposit. A higher grade, near continuous
zone of mineralization identified in the northern portion of the proposed open
pit appears to shows excellent continuity at depth as demonstrated by KB-07-91
which intersected 1.02%Ni, 0.33% Cu, over 8.0 m including 2.85% Ni, 0.84% Cu
over 2.6 m.
Assay Results:
--------------
------------------------------------------------------------------------
Hole From To Length Ni% Cu% Co%
------------------------------------------------------------------------
KB-07-71 51.0 91.8 40.8 0.36 0.26 0.01
including 51.0 56.3 5.3 0.94 0.55 0.03
------------------------------------------------------------------------
KB-07-77 42.0 50.5 8.5 1.28 0.45 0.04
120.5 127.0 6.5 0.46 0.73 0.01
KB-07-78 16.0 96.1 80.1 0.45 0.14 0.01
------------------------------------------------------------------------
including 39.0 63.0 24.0 1.05 0.22 0.03
including 42.0 47.0 5.0 4.27 0.54 0.11
------------------------------------------------------------------------
KB-07-79 21.0 41.4 20.4 0.62 0.45 0.02
------------------------------------------------------------------------
KB-07-80 5.2 22.3 17.1 0.25 0.29 0.01
------------------------------------------------------------------------
KB-07-84 46.1 54.4 8.3 0.34 0.41 0.01
------------------------------------------------------------------------
KB-07-85 16.0 35.4 19.4 0.25 0.11 0.01
------------------------------------------------------------------------
KB-07-87 2.0 5.0 3.0 0.59 0.19 0.02
25.0 30.5 5.5 0.35 0.33 0.01
------------------------------------------------------------------------
KB-07-91 255.0 263.0 8.0 1.02 0.33 0.03
including 259.1 261.7 2.6 2.85 0.84 0.07
------------------------------------------------------------------------
KB-07-94 5.0 33.0 27.0 0.44 0.27 0.02
including 5.0 10.8 5.8 1.61 0.97 0.05
------------------------------------------------------------------------
KB-07-95 1.6 26.3 24.7 0.37 0.16 0.01
including 21.0 25.8 4.8 1.10 0.36 0.03
------------------------------------------------------------------------
KB-07-96 36.0 56.0 20.0 0.97 0.43 0.03
including 36.0 45.0 9.0 1.35 0.47 0.04
and 51.0 55.0 4.0 1.11 0.46 0.03
------------------------------------------------------------------------
KB-07-99 110.0 126.1 16.1 0.29 0.26 0.01
------------------------------------------------------------------------
KB-07-100 81.0 96.9 15.9 0.41 0.44 0.01
------------------------------------------------------------------------
KB-07-101 36.6 58.4 21.8 0.43 0.38 0.01
including 42.4 44.5 2.1 1.07 0.27 0.02
------------------------------------------------------------------------
KB-07-103 275.2 281.5 6.3 0.47 0.30 0.01
------------------------------------------------------------------------
KB-07-105 NSA
------------------------------------------------------------------------
KB-07-113 22.1 26.2 4.1 0.94 0.40 0.03
82.0 98.4 16.4 1.06 0.38 0.04
including 92.3 96.1 3.8 3.50 1.09 0.11
------------------------------------------------------------------------
KB-07-122 90.0 95.4 5.4 1.10 1.44 0.03
152.0 165.3 13.3 0.56 0.26 0.02
------------------------------------------------------------------------
KB-07-123 91.0 100.0 9.0 0.42 0.27 0.01
151.6 160.0 8.4 0.71 0.56 0.02
------------------------------------------------------------------------
KB-07-125 127.0 165.0 38.0 0.56 0.31 0.02
including 133.6 140.3 6.7 1.72 0.52 0.05
177.0 194.0 17.0 0.51 0.39 0.01
including 177.0 179.0 2.0 1.11 0.41 0.03
------------------------------------------------------------------------
KB-07-127 126.0 150.8 24.8 0.53 0.34 0.02
including 136.2 150.8 14.7 0.80 0.54 0.02
including 136.2 139.0 2.9 2.36 0.91 0.05
------------------------------------------------------------------------
KB-07-128 69.8 142.4 72.6 0.40 0.20 0.01
including 72.4 75.8 3.5 1.53 0.83 0.04
and 102.0 105.0 3.0 1.69 1.09 0.05
and 128.8 135.0 6.2 1.55 0.52 0.04
------------------------------------------------------------------------
KB-07-133 NSA
------------------------------------------------------------------------
KB-07-136 117.2 140.0 22.8 0.82 0.54 0.02
including 117.2 128.0 10.8 1.21 0.73 0.03
including 119.0 123.6 4.6 2.34 1.42 0.06
------------------------------------------------------------------------
KB-07-137 193.3 210.1 16.8 0.58 0.37 0.02
including 194.0 203.0 9.0 0.93 0.60 0.02
------------------------------------------------------------------------
KB-07-138 143.9 155.2 11.3 0.67 0.28 0.02
including 143.9 146.4 2.5 1.06 0.45 0.02
and 149.6 152.0 2.5 1.06 0.45 0.03
209.0 214.0 5.0 0.47 0.43 0.01
------------------------------------------------------------------------
Hole Locations:
---------------
--------------------------------------------------------------
Hole Northing Easting Elevation Azimuth Dip
--------------------------------------------------------------
KB-07-71 12398 6151 1520 313 57
--------------------------------------------------------------
KB-07-77 12283 6126 1503 308 -55
--------------------------------------------------------------
KB-07-78 12283 6126 1503 308 -58
--------------------------------------------------------------
KB-07-79 12283 6126 1503 310 -63
--------------------------------------------------------------
KB-07-80 12298 6050 1506 291 -51
--------------------------------------------------------------
KB-07-84 12268 6078 1507 309 -49
--------------------------------------------------------------
KB-07-85 12268 6100 1508 309 -46
--------------------------------------------------------------
KB-07-87 12420 6055 1516 309 -45
--------------------------------------------------------------
KB-07-91 12454 6234 1520 310 -61
--------------------------------------------------------------
KB-07-94 12390 6053 1514 310 -47
--------------------------------------------------------------
KB-07-95 12359 6050 1511 304 -48
--------------------------------------------------------------
KB-07-96 12359 6071 1514 309 -44
--------------------------------------------------------------
KB-07-99 12329 6129 1505 313 -45
--------------------------------------------------------------
KB-07-100 12329 6104 1512 306 -46
--------------------------------------------------------------
KB-07-101 12329 6068 1512 305 -51
--------------------------------------------------------------
KB-07-103 12454 6234 1520 309 -68
--------------------------------------------------------------
KB-07-105 12512 6093 1512 303 -45
--------------------------------------------------------------
KB-07-113 12451 6132 1519 313 -46
--------------------------------------------------------------
KB-07-114 12497 6179 1523 300 -55
--------------------------------------------------------------
KB-07-122 12314 6161 1513 311 -46
--------------------------------------------------------------
KB-07-123 12298 6163 1513 308 -46
--------------------------------------------------------------
KB-07-124 12286 6165 1513 305 -45
--------------------------------------------------------------
KB-07-125 12286 6166 1513 309 -59
--------------------------------------------------------------
KB-07-127 12253 6163 1513 312 -45
--------------------------------------------------------------
KB-07-128 12451 6164 1521 306 -48
--------------------------------------------------------------
KB-07-133 12512 6180 1521 305 -55
--------------------------------------------------------------
KB-07-134 12512 6180 1521 306 -49
--------------------------------------------------------------
KB-07-136 12329 6194 1522 310 -46
--------------------------------------------------------------
KB-07-137 12314 6205 1522 309 -46
--------------------------------------------------------------
KB-07-138 12298 6206 1522 311 -46
--------------------------------------------------------------
Analytical Method
-----------------
Mineralized Diamond drill hole intervals reported are down hole core
lengths only. NQ diameter drill core samples are split in half; one half being
retained in its original core box and the second half sent to an independent
commercial laboratory for analysis. Samples are analyzed by ISO 17025
accredited Accurassay Laboratories in Thunder Bay, Ontario. Samples analyzed
for base metals (nickel, copper, and cobalt) are digested using aqua regia
with an atomic absorption finish.
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:
sarah@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.
%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 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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VanEck Vectors Global Alternative Energy ETF
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PRODUCER |
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CODE : CRO.V |
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ISIN : CA1353431010 |
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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. |