Attention Business Editors:
Canadian Arrow Begins Consultations with Treaty No. 3 First Nations for Kenbridge Nickel Project
SUDBURY, ON, March 25 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V)
(the "Company), is pleased to report that it has commenced formal
consultations with the Anishinaabe Nation in Treaty No. 3 regarding the
company's Kenbridge Nickel Project in Northwestern Ontario. Kenbridge is a
nickel-copper deposit located within Treaty No. 3 traditional territory, a
distance of approximately 60 km southeast from the city of Kenora.
As outlined in the November 5, 2007 news release "Canadian Arrow and
Treaty No. 3 discuss Kenbridge Nickel Project", the company has engaged local
First Nations early in the project's development and is seeking authorization
for the project through the Treaty No. 3 resource law known as Manito Aki
Inakonigaawin, or The Great Earth Law. Representatives from Canadian Arrow
Mines, Treaty No. 3 Grand Council and the four First Nations communities near
Kenbridge (Naotkamegwanning, Northwest Angle No. 33, Northwest Angle No. 37,
Onigaming) recently met in Kenora for further discussions on the project. It
was decided there that Treaty No. 3 would create a task force with
representation from the Grand Council and the four communities to participate
in the consultation process with Canadian Arrow Mines.
Kim Tyler, President of Canadian Arrow, comments; "We are very pleased to
advance discussions on the Kenbridge Nickel Project with Treaty No. 3 to the
consultation phase. Our work at Kenbridge will soon shift away from
exploration and into permitting and project design. Arrow believes the area
around the Kenbridge Nickel Project contains excellent exploration potential,
so building a strong relationship with Treaty No. 3 is a priority for us. We
look forward to future discussions with Treaty No.3 on project participation,
employment, business opportunities and education."
Canadian Arrow continues to advance the Kenbridge Nickel Project,
recently completing a Preliminary Economic Assessment and purchasing several
key long lead items. The company's plans for 2008 include consultations with
Treaty No. 3, completing a bankable feasibility study, beginning regional
exploration work and conducting an advanced exploration program later in the
year.
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.
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 Sarah Gingerich, Tel: (416)
868-1079 x238, E-mail:sarah@chfir.com
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PRODUCTEUR |
CODE : CRO.V |
ISIN : CA1353431010 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Canadian Arrow est une société de production minière de nickel et d'or basée . Canadian Arrow est productrice de nickel, d'or, de cobalt et de cuivre au Canada, en développement de projets de cobalt, de cuivre et de nickel au Canada, et détient divers projets d'exploration au Canada. Ses principaux projets en production sont ALEXO et CHIEF PETER LAKE au Canada, son principal projet en développement est KENBRIDGE au Canada et ses principaux projets en exploration sont ATIKOKAN PROPERTIES, HALLIDAY DOME et HART au Canada. |