Attention Business Editors:
Canadian Arrow Mines Ltd. - KENBRIDGE DRILLING 42.5 metres of 1.41% Ni, 0.54% Cu
SUDBURY, ON, Dec. 19 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V) (the
"Company), reports more assay results from holes drilled on both the proposed
pit and underground portions of the Kenbridge Deposit. Drilling has been
completed on the shallow open pit portion of the deposit and both rigs are
currently delineating the deeper portions of the deposit.
Recent assay highlights from holes within the limit of the proposed pit:
- 1.41% Ni, 0.54% Cu over a core length of 42.5 m - KB-07-130
- (including 2.88% Ni, 0.67% Cu over a core length of 9.0 m)
- 0.60% Ni, 0.31% Cu over a core length of 91.5m - KB-07-129
- 0.56% Ni, 0.22% Cu over a core length of 29.5 m - KB-07-86
- (including 1.19% Ni, 0.45% Cu over a core length of 10.3 m)
- 0.47% Ni, 0.19% Cu over a core length of 43.1 m - KB-07-112
Recent assay highlights from holes below the limit of the proposed pit:
- 1.54% Ni, 0.99% Cu over a core length of 26.1m KB-07-120
- (including 5.71% Ni, 0.88% Cu over a core length of 2.5 m)
- 1.00% Ni, 0.37% Cu over a core length of 16.1 m KB-07-116
- 0.99% Ni, 0.49% Cu over a core length of 8.15m KB-07-131
Todd Keast VP exploration commented, "We are extremely pleased with these
recent higher grade drill results from the open pit portion of the orebody.
These intersections will certainly contribute to the pit and overall project
economics."
Mr. Keast adds, "The open pit portion of the deposit has been drilled at
a section spacing of 15 metres. This level of geological/assay control ensures
an accurate interpretation of the deposit, which will provide a higher level
of confidence in the upcoming Preliminary Assessment Study. The new results
provide moderate extensions to the north portion of the deposit (KB-07-107),
and fills a small gap at the south portion of the deposit (KB-07-126). The
deeper holes demonstrate good continuity to the mineralization at depth and
along strike."
Kim Tyler, President of Canadian Arrow also commented, "As more results
are received any opportunities for shallow, higher grade zones that offer an
opportunity for quick extraction will be examined in our upcoming Preliminary
Assessment Study."
Assay Results:
(Shallow drilling above anticipated pit floor)
Hole From To Length %Ni %Cu %Co
KB-07-83 44.2 48.7 4.5 0.73 0.31 0.02
KB-07-83 76.5 86.0 9.5 0.57 0.41 0.02
KB-07-83 105.5 110.9 5.4 0.53 0.32 0.01
KB-07-86 25.5 55.0 29.5 0.56 0.22 0.02
includes 30.2 40.5 10.3 1.19 0.45 0.03
includes 32.75 37.2 4.45 2.31 0.81 0.05
KB-07-86 79.9 86.1 6.2 0.74 0.57 0.02
KB-07-88 40.3 43.0 2.7 2.26 0.57 0.07
KB-07-89 57.7 61.0 3.3 2.58 0.61 0.08
KB-07-89 74.9 76.7 1.8 0.62 0.42 0.01
KB-07-106 19.0 22.6 3.6 0.39 0.28 0.01
KB-07-107 54.5 65.5 11.0 0.59 0.24 0.02
includes 54.5 58.0 3.5 1.10 0.34 0.03
KB-07-107 86.7 98.5 11.8 0.54 0.31 0.02
KB-07-108 47.5 58.7 11.2 0.64 0.28 0.02
KB-07-108 95.6 97.0 1.4 0.86 0.92 0.04
KB-07-109 12.2 18.1 5.9 0.45 0.16 0.02
KB-07-109 55.0 61.9 6.9 0.43 0.22 0.02
KB-07-110 25.5 32.3 6.8 0.62 0.27 0.02
KB-07-112 19.0 62.1 43.1 0.47 0.19 0.02
includes 29.7 38.0 8.3 0.88 0.36 0.03
KB-07-114 125.0 127.2 2.2 0.40 0.17 0.02
KB-07-114 131.0 133 2.0 1.94 1.58 0.05
KB-07-124 74.0 83.0 9.0 0.38 0.30 0.02
KB-07-124 124.0 129.3 5.3 0.51 0.24 0.02
KB-07-126 142.9 156.15 13.25 0.63 0.49 0.02
includes 146.0 148.3 2.3 1.03 0.65 0.02
KB-07-129 73.5 165.0 91.5 0.60 0.31 0.02
includes 73.5 80.8 7.3 2.07 1.42 0.05
includes 144.5 159 14.5 1.41 0.60 0.04
includes 118.4 165.0 46.6 0.63 0.29 0.02
KB-07-130 90.5 179.0 88.5 0.77 0.31 0.02
includes 90.5 133 42.5 1.41 0.54 0.04
includes 122.5 131.5 9.0 2.88 0.67 0.07
KB-07-132 90 99.8 9.8 0.56 0.30 0.02
includes 97.4 99.8 2.4 1.41 0.67 0.04
KB-07-135 103.2 138.6 35.4 0.60 0.24 0.02
includes 114 118.3 4.3 1.61 0.56 0.04
includes 122.9 128 5.1 0.87 0.30 0.02
includes 133.3 138.6 5.3 0.72 0.35 0.03
KB-07-135 158 168.35 10.35 0.68 0.32 0.02
includes 160.6 165 4.4 1.27 0.56 0.04
(Deep drilling below anticipated pit floor)
Hole From To Length %Ni %Cu %Co
KB-07-116 248.1 264.2 16.1 1.00 0.37 0.03
includes 287.8 290 2.2 1.32 0.39 0.02
KB-07-120 183 235 52 0.89 0.57 0.03
includes 183.9 210 26.1 1.54 0.99 0.04
includes 183.9 190.9 7 2.94 1.06 0.08
includes 183.9 186.4 2.5 5.71 0.88 0.14
includes 195.3 199.6 4.3 2.20 1.26 0.06
includes 202.1 204 1.9 3.32 1.14 0.09
KB-07-131 275.7 283.85 8.15 0.99 0.49 0.03
includes 277.9 280.7 2.8 2.12 1.23 0.05
Hole Locations:
Hole Number Northing Easting Elevation Azimuth Dip
KB-07-83 12298 6128 1503.5 320 -47
KB-07-86 12268 6121 1502 312.4 -47.3
KB-07-88 12420 6079 1517 306 -47.8
KB-07-89 12420 6094.8 1516 303.2 -46
KB-07-106 12511 6119 1516.5 311.4 -44.7
KB-07-107 12511 6143 1516.5 301 -46
KB-07-108 12481 6145 1519 305.3 -45.2
KB-07-109 12481 6116 1516 320.6 44.1
KB-07-110 12481 6091 1513.5 310.1 -46.2
KB-07-112 12451 6104 1516.5 296.3 -45.1
KB-07-114 12497 6179 1523 300.2 -54.8
KB-07-116 12405 6244 1524 302.5 -62
KB-07-120 12451 6206 1525 303.9 -58
KB-07-124 12286 6165 1513 304.9 -45
KB-07-126 12268 6162 1513 309.5 -46
KB-07-129 12420 6168 1521 305.7 -46
KB-07-130 12420 6168.5 1521 302.2 -55.8
KB-07-131 12405 6245 1524 302.9 -64
KB-07-132 12512 6180 1521 304.1 -45
KB-07-135 12481 6181 1524 305 -56
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:
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 ext. 222, 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 |
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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. |