kennt nur einen weg .. nach oben
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Ich stelle mal den Nickel Chart gegenüber...
Theoretisch müssten wir jetzt zig-fach
höher stehen, denn Anfang 2004 wurde schon
für c6x ca. 0,60 Can$ bezahlt...Naja, Börse
ist halt nicht logisch....
http://www.newswire.ca/en/releases/archive/April2008/16/c602…
Canadian Arrow Mines Receives Exceptional Nickel Recoveries from Recent Testwork
SUDBURY, ON, Apr 16, 2008 (Canada NewsWire via COMTEX News Network) --
Canadian Arrow Mines, Ltd. (CRO: TSX-V) (the "Company") is pleased to provide an update on the metallurgical test-work program underway on ores from the Kenbridge Nickel Project in Northwestern Ontario. Xstrata Process Support (XPS) of Sudbury, Ontario recently completed a series of variability tests as part of the Phase 1 program to verify and optimize the flotation circuit for Kenbridge. Results of the open circuit cleaning and rougher flotation test-work indicate high recoveries of nickel and copper at saleable concentrate grade can be obtained from the lower grade, open pit Kenbridge ores.
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Cleaner stage flotation results: 2 stage cleaning with CMC, Kenbridge
open pit
-----------------------------------------
Ore grade - Ni, Cu % 0.42%, 0.19%
-----------------------------------------
Nickel recovery 83.3%
-----------------------------------------
Copper recovery 91.2%
-----------------------------------------
NEWS vom 21.04.08
Canadian Arrow Retains AGORACOM to Provide Investor Relations, Social Network and Google Search Engine Program
SUDBURY, ON, Apr 21, 2008 (Canada NewsWire via COMTEX News Network) --
Canadian Arrow Mines, Ltd. (CRO: TSX-V) (the "Company") is pleased to announce it has retained the services of AGORACOM Investor Relations ("AGORACOM") (http://www.agoracom.com) to provide online investor relations services, a Web 2.0 social network for current shareholders and Tier-1 awareness through the world's biggest websites for the purpose of attracting new shareholders.
Online Investor Relations Maximizes Speed, Transparency and Access to
Company
In response to overwhelming data representing the online research and communications habits of small-cap investors, Canadian Arrow has turned the primary focus of its investor relations to the web via the AGORACOM system to facilitate faster, better and more accessible communications with both current and prospective shareholders around the world.
Effective May 1st 2008, a customized and monitored Canadian Arrow IR HUB will be available on AGORACOM at (http://www.agoracom.com/IR/CanadianArrow). The IR HUB will allow both the Company and AGORACOM to communicate with all investors simultaneously, anytime and in near real-time. Our new IR HUB will also provide management with an ability to extend communications beyond text via audio messages, video presentations, webcasts and podcasts. In addition to traditional e-mail, investors will also have the ability to receive all communications via RSS feed.
Launch of Canadian Arrow Community
The Canadian Arrow IR HUB propels the Company into the forefront of Web 2.0 community building by providing investors with two very important functions. First, a monitored discussion forum for the purposes of constructive and high-quality discussion amongst investors that is free of spam, profanity and misinformation. Second, a social network that provides investors with the ability to create extensive profiles that include photos, bios, video messages to fellow investors, a rating system and other important items to create a closer bond between our shareholders.
Tier-1 Exposure and Awareness
As an exclusive provider of "Small-Cap Centres - Powered by AGORACOM" to Yahoo Finance Canada, AOL Finance Canada and every Blackberry device on the planet, AGORACOM will provide Tier-1 financial coverage of all newsworthy Canadian Arrow press releases for the purposes of attracting new and prospective shareholders
In addition, AGORACOM will be launching a search engine IR Program via Google and Yahoo that specifically targets prospective small-cap investors across North America. These small-cap search engine programs are exclusive to AGORACOM, with creation and management coming from Yahoo and Google personnel directly.
Canadian Arrow President, Kim Tyler stated, "We are very pleased to have engaged AGORACOM as our web based investor relations provider. We believe that the Canadian Arrow story relating to it's Kenbridge nickel mining project will get superior coverage in the investing community via AGORACOM's large and influential following on the internet."
For all future Canadian Arrow investor relations needs, investors are asked to visit our IR Hub at http://www.agoracom.com/IR/CanadianArrow where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors.
The terms of the agreement are as follows: Duration - 12 months. Monthly Cash Compensation - $4,750/month and includes both IR and Google Marketing agreement. Stock Options - 230,000 shares at $CDN .40 per share. This agreement has been negotiated entirely at arm's length. AGORACOM is located in Toronto, Ontario.
About AGORACOM
AGORACOM Investor Relations (http://www.AgoracomIR.com) is North America's largest online investor relations firm for small-cap companies. We have partnered with the world's biggest internet companies, including Yahoo, AOL, Google and Blackberry to market our clients to a massive audience of new small-cap investors. We have served over 200 companies since 1997.
AGORACOM Investor Relations has displaced the telephone and e-mail as primary IR communications devices. Our IR HUB delivers two-way investor relations in near real-time that is 24/7/365 accessible to shareholders around the world and goes far beyond text by offering both audio and video communications.
AGORACOM (http://www.Agoracom.com) is North America's only small-cap community built to serve the needs of serious small-cap and micro-cap investors. No rumours, profanity, stock bashing or hyping. Our traffic ranking is above the top 1% of all websites around the world.
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
SOURCE: Canadian Arrow Mines Ltd.
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 Sarah Gingerich, Tel: (416)
868-1079 ext. 238, E-mail: sarah@chfir.com; AGORACOM Investor Relations:
http://www.agoracom.com/IR/CanadianArrow Copyright (C) 2008 CNW Group. All rights reserved.
Canadian Arrow - Assay update, underground resource estimate update initiated
SUDBURY, ON, Apr 29, 2008 (Canada NewsWire via COMTEX News Network) --
Canadian Arrow Mines, Ltd. (CRO: TSX-V) (the "Company") reports assay results for the remaining diamond drill holes from the deep drilling portion of the Kenbridge project. The company completed 60 diamond drill holes (17,786m) during the fall of 2007 and early 2008, below the open pit portion of the deposit. Drilling has successfully traced Ni-sulphide mineralization down to the 375m level of the deposit. The results will be incorporated with the historical database in order to produce an updated resource estimate for the underground portion of the deposit. The resource estimate for the proposed open pit consists of 6.7 million diluted tonnes grading 0.38% Ni and 0.23% Cu to a depth of 160m. The updated resource estimate will be completed by P&E Mining Consultants of Brampton, Ontario.
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Assay result highlights:
- KB-07-181 - 0.77% Ni, 0.29% Cu, 0.02% Co, over 17.8 m
- including 1.00% Ni, 0.32% Cu, 0.03% Co over 12.3 m
- KB-07-185 - 1.22% Ni, 0.35% Cu, 0.03% Co, over 17.8 m
- Including 2.46% Ni, 0.42% Cu, 0.05% Co, over 4.6 m
- KB-07-196 - 0.72% Ni, 0.48% Cu, 0.02% Co, over 23.5 m
- Including 1.27% Ni, 0.55% Cu, 0.04% Co, over 5.2 m
>>
Commenting on the results, Todd Keast, Vice President Exploration of the Company stated "The assay results demonstrate the excellent continuity of the Kenbridge mineralization at depth. A pronounced orientation to the higher grade ore shoots will be modeled into the updated underground resource estimate. Recently announced higher nickel recoveries (see Press Release April 16/08), a robust drill hole database will contribute to a positive impact on underground resource estimate and the overall project economics. Within a year we have completed the surface drilling of the deposit, undertaken a series of environmental and geotechnical studies, purchased key pieces of mining equipment, and entered formal consultations with Treaty 3 First Nations. We remain committed to developing the Kenbridge Project into a viable mining operation."
<<
Assay Results:
Hole From m To m Length m Ni% Cu% Co%
KB-07-181 284.2 302.0 17.8 0.77 0.29 0.02
KB-07-181 284.2 296.5 12.3 1.00 0.32 0.03
KB-08-184 282.5 283.5 1.0 1.26 0.58 0.05
KB-08-185 326.3 344.1 17.8 1.22 0.35 0.03
KB-08-185 336.1 340.7 4.6 2.46 0.41 0.05
KB-08-185 359.8 365.0 5.2 0.69 0.15 0.03
KB-08-195 303.6 309.7 6.1 1.06 0.55 0.04
KB-08-195 320.2 332.3 12.1 0.33 0.15 0.01
KB-08-195 329.0 332.3 3.3 0.50 0.32 0.01
KB-08-196 361.8 363.6 1.8 1.00 0.32 0.02
KB-08-196 357.0 395.0 38.0 0.54 0.35 0.02
KB-08-196 371.5 395.0 23.5 0.72 0.48 0.02
KB-08-196 371.5 376.7 5.2 1.27 0.55 0.04
KB-08-196 380.7 392.9 12.2 0.79 0.62 0.02
KB-08-196 380.7 386.7 6.0 1.03 0.50 0.02
KB-08-197 426.0 445.0 19.0 0.46 0.28 0.01
KB-08-197 428.0 431.2 3.2 0.83 0.45 0.02
Hole Locations:
Hole Depth Northing Easting Azimuth Dip
KB-07-181 325.5 5481426 454112 310 -57
KB-08-184 377.8 5481453 454126 307 -55
KB-08-185 407 5481453 454126 306 -65
KB-08-186 413 5481453 454126 303 -72
KB-08-187 401 5481510 454154 310 -52
KB-08-188 281 5481541 454119 306 -57
KB-08-189 264 5481541 454119 310 -45
KB-07-191 78 5481451 454069 308 -70
KB-07-193 410 5481312 454053 307 -61
KB-07-194 482 5481312 454053 307 -68
KB-08-195 380 5481364 454088 304 -55
KB-08-196 449 5481364 454088 302 -65
KB-08-197 497 5481364 545088 304 -69
>>
These results represent completion for this phase of the Kenbridge project. Future drilling on Kenbridge will be evaluated upon completion of the updated resource estimate. Drilling has since progressed onto the Company's regional exploration targets.
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".
Investors are invited to visit Canadian Arrow's IR Hub at http://www.agoracom.com/IR/CanadianArrow where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to CRO@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.
<<
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
SOURCE: Canadian Arrow Mines Ltd.
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 Sarah Gingerich, Tel: (416)
868-1079 ext. 238, E-mail: sarah@chfir.com Copyright (C) 2008 CNW Group. All rights reserved.
Canadian Arrow Mines, Ltd. (TSXV: CRO) (the "Company") is pleased to report the discovery of a new nickel sulphide lens at its Kelex nickel project located 17 km south of Iroquois Falls, Ontario. Hole 2011-15 intersected 5.01% Ni in 1 metre of massive sulphides. This is the second new hole to intercept the discovery. Previously reported hole 2010-11 intersected 5.89% Ni over 0.6 metre of massive sulphides approximately 28 metres east of the 2011-15 intercept. Furthermore, hole 2011-15 additionally intercepted 7.1 metres of semi-massive and disseminated nickel sulphides located 20 metres further down the hole from the massive sulphide discovery. Future drilling will determine if this lower intersection represents the discovery of another new zone.
The new massive sulphide lens is the sixth discovered on the property to date.
Mr. Kim Tyler, President of the Company, said, "We are pleased that the early discovery of a new nickel sulphide lens was made with such a limited amount of drilling. Ultramafic komatiitic deposits of this type are characterized by clusters of such lenses. Discoveries of more such lenses are anticipated in future drill programs as historic drilling has not stepped out very far from the known zones at either Kelex or Alexo. Hole 2011-13 is also notable as it has further defined the Kelex West Zone bulk mineralization west along strike and to depth. Both holes will have a positive contribution to our upcoming resource estimate update and economic assessment."
Table 1 - Recent Kelex Significant DDH Assay Results
This drill campaign is now complete. The program was conducted to meet three objectives; 1) to collect a composite sample for bench scale metallurgical test work, 2) to test the opportunity for expanding the resource beyond the known mineralization limits, and 3) to confirm grades and locations of previous drilling for resumed production. The program to date has been successful in all objectives. The drill results will be included in an updated resource estimate. The Company will be providing further update on its plans to resume production in a future press release.
The exploration program is being carried out under the direction of Kim Tyler, P. Geo., President of the Company, a qualified person as defined by National Instrument 43-101.
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 ALS Chemex Laboratories in Vancouver, BC. Samples analyzed for base metals (nickel, copper, and cobalt) are digested with a four acid digestion technique with an ICP-AES finish. Precious metals, (platinum, palladium and gold), are fire assayed with an ICP-AES finish.
About Canadian Arrow Mines:
Canadian Arrow Mines Limited is developing two advanced nickel/copper mining projects located near existing infrastructure in Ontario, Canada. Its principal asset is the Kenbridge nickel-copper sulphide deposit located near Kenora, Ontario that remains open in three directions, is equipped with a 620 m shaft built and explored by Falconbridge Limited and has never been mined.
Highlights of an updated NI 43-101 Preliminary Economic Assessment Technical Report (PEA)( (1)) reported on Sept. 4, 2008 include an operating cash cost/lb payable net of copper credits of US$3.47/lb nickel. At life of mine metal prices of US$10/lb Ni and US$2.50/lb Cu; a CD$1.00:US$0.90 exchange rate and a 7.5% discount rate the PEA concludes a Net Present Value of CD$253M is achievable.
The Company also owns the past producing Alexo and Kelex mines located in the Abitibi nickel district east of Timmins Ontario. Highlights of a NI 43-101 Technical Report and Resource Estimate ((1) )reported on September 22, 2010 include an indicated resource of 243,000 tonnes grading 1.08% nickel containing 5.8M lbs of nickel.
((1) )Mineral resources that are not mineral reserves do not have demonstrated economic viability.
Additional information relating to Canadian Arrow is available on SEDAR at www.sedar.com
This press release may contain "forward-looking statements" within the meaning of the Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this press release and the Company does not intend, and does not assume, any obligation to update these forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view this news release in HTML formatting, please use the following URL: www.newswire.ca/en/releases/archive/February2011/15/c2789.html
SOURCE: Canadian Arrow Mines Ltd.
Copyright (C) 2011 CNW Group. All rights reserved.
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noch die Meldung macht, dass die Produktion demnächst in Angriff genommen wird, wird der Kurs wie eine Rakete nach Norden ziehen.
Ich schätze das mit dem aktuellen Nickelpreisen die Produktion auf den Alex-und Kelexminen unmittelbar in Angriff genommen wird.
Canadian Arrow wird aktuell zu knapp 15 Mil. CAD bewertet....alleine ihr Kenbridge-Nickelprojekt hat ein Value von 253 Mil. CAD....einzuberechnen wäre dann noch die Value von Alex-und Kelex......!!!
Ich sehr kurz-mittelfristig ein Riesenpotential für die Gesellschaft. Kein Wunder, dass sich auch Pinetree Capital am Unternehmen beteiligt hat.
Allen Beteiligten viel Erfolg bei dieser Perle
Canadian Arrow Receives CDN $1.475 Million for Sale of the Remaining Hart Royalty; Engages Raymond James Ltd. as Financial Advisors
SUDBURY, ON, March 23, 2012 /CNW/ - Canadian Arrow Mines Limited (CRO: TSX-V) (the "Company") is pleased to report it has received a lump sum payment of CDN $1.475 million from Gold Royalties Corporation in exchange for the Company's remaining one percent net smelter royalty (NSR) on the Hart Nickel Project.
www.newswire.ca/en/story/943293/...s-ltd-as-financial-advisors
Endlich mal wieder eine gute Nachricht vom Pfeil:
SUDBURY, ON, June 4, 2012 /CNW/ - Canadian Arrow Mines Limited (CRO: TSX-V) (the "Company") is pleased to announce it has commenced the mining phase on its Kelex nickel mine. Overburden removal is in progress and is planned to take one month in advance of production. The initial high grade/low tonnage open pit production from the Kelex open pit is scheduled for delivery to Xstrata Nickel's Strathcona mill in mid-2012. Plans are underway on a second phase 216,000 tonne open pit and 260,000 tonne underground expansion.
Mr. Kim Tyler, President of the Company stated, "We are extremely pleased to announce the re-start of mining at Kelex. The Alexo/Kelex Complex will also be the catalyst for driving forward development of our much larger flagship Kenbridge nickel/copper project. Despite the recent dip in metal price we are encouraged by strong market fundamentals and projections going forward. Two thirds of world nickel produced is consumed in stainless steel production. Despite turmoil in the world's economies, 2010 and 2011 were consecutive record years of world stainless and heat resisting crude steel production exceeding 32Mt and 35Mt respectively. Production statistics in 2012 follow a similar trend to date. "
The Company's recent sale of a non-core asset for a $2.45M have sufficiently capitalized it to proceed, most notably without diluting its share structure, in a difficult equity market disconnected from metal markets.
The property has historically produced 87,000 tonnes averaging 3.06% nickel from mainly one lens of massive sulphides. The Company has since discovered five more such high grade lenses of similar grade and varying size encased within bulk minable disseminated nickel sulphide halos in the Alexo/Kelex Nickel Complex. The potential on both trends for more discoveries along strike and at depth is excellent with many untested geophysical anomalies and area drill intersections requiring follow-up.
The Company's flagship Kenbridge nickel project contains 98M lbs of nickel and 52M lbs of copper within 7.1M tonnes grading 0.62% Ni and 0.33% Cu of NI 43-101 of open pit and underground measured and indicated resources.
The Company also announces the resignation of Director and Vice President of Exploration Todd Keast. It wishes to thank Todd for his contribution to the development of its projects and wishes him well in his future endeavours.
The information in this release was prepared under the direction of Mr. R. Kim Tyler, P. Geo., President of the Company, a Qualified Person as defined by NI 43-101.
www.stockhouse.com/financialtools/...=v.cro&newsid=8529789
Langsam erwacht dieser Stock aus seinem langen Schlaf.
Gute Kooperationsnews - und das Kelex-Update kann sich auch sehen lassen!!!
Canadian Arrow $0.5m financing and property option agreement with San Gold Corporation
SUDBURY, ON, June 27, 2012 /CNW/ - Canadian Arrow Mines Limited (CRO: TSX-V) (the "Company") is pleased to report that it has entered into an option agreement (the "Agreement") with San Gold Corporation (SGR: TSX-V) ("San Gold") whereby the Company has agreed to grant San Gold the option to acquire an 80% undivided interest in all precious metals including, but not limited to, gold and silver but specifically excluding platinum and palladium (the "Precious Metals"), contained on it's current properties. The rights to all other mineral resources including, but not restricted to, base metals, platinum and palladium remains with Canadian Arrow.
Mr. Kim Tyler, President, said, "We are very pleased that San Gold has agreed to invest exploration expenditures in our mineral properties and in our Company directly through the equity placement. This represents an aggregate $2,000,000 investment in the Company. Many unexplored exploration targets and geophysical anomalies on our properties are prospective for both base metal and precious metal potential."
To maintain the Agreement in good standing and earn an 80% interest in the Precious Metals contained on the properties, San Gold has agreed to, among other things, purchase 5,000,000 units of the Company at a price of $0.10 per unit. Each unit will be comprised of one common share in the capital of the Company and a ½ of one share purchase warrant. Each full warrant will entitle San Gold to purchase one common share in the capital of the Company for an exercise price of $0.20 for a period up to two years from the date of the issuance of the warrant. The securities issued in connection with the unit offering are subject to a four month hold period that will expire on October 26, 2012. In addition San Gold is also required to incur an aggregate $1,500,000 in expenditures on the properties graduated over four years from the date of execution of the Agreement. Upon completion of San Gold's obligations under the Agreement, San Gold will earn an 80% interest in all Precious Metals contained on the properties and a joint venture will be formed between San Gold and the Company. Initial ownership in the joint venture will be San Gold 80% and Canadian Arrow 20%.
Kelex Production Update:
Pre-production work has been progressing well on the Kelex project. De-watering of the West and Central West pits is now complete. Overburden stripping in advance of production is approximately 50% complete.
The information in this release was prepared under the direction of Mr. R. Kim Tyler, P. Geo., President of the Company, a Qualified Person as defined by NI 43-101.
About Canadian Arrow Mines:
The Company is resuming production on its past producing Alexo nickel complex located in the Abitibi nickel district east of Timmins Ontario. The Alexo and Kelex mines have historically produced 87,000 tonnes averaging 3.06% nickel from both underground and open pit mining. The Company is also developing its flagship Kenbridge nickel/copper/cobalt project located near Kenora, Ontario. Exploration potential exists along strike and at depth on both projects.
Canadian Arrow Commences Nickel Production, Discovers New Nickel Massive Sulphides at Kelex
SUDBURY, ON, Sept. 17, 2012 /CNW/ - Canadian Arrow Mines Limited. (CRO: TSX-V) (the "Company") is pleased to announce it has commenced producing and stockpiling nickel-bearing massive sulphides produced from its Kelex mine. Furthermore, initial mine development and overburden stripping have exposed unexpected near-surface nickel-bearing massive sulphides extending both east and west along strike of, and continuous with, the current production zone. The stripping program will continue to further evaluate the discoveries that continue to project an unknown width, depth and strike distance below overburden cover. Channel sampling is planned once the extent of mineralization is exposed. Results will be published as they become available.
Mr. Kim Tyler, President of the Company stated, "We are pleased to have achieved the production milestone and are particularly excited about the discovery of the new strike extensions. Development work intended for ramp access in unmineralized rock unexpectedly encountered 2 metres of solid nickel-bearing massive sulphide on the sparsely drilled flanks of the known mineralization. The new mineralization will be a welcome addition to our production plans and demonstrates greater continuity of the Alexo Nickel Complex mineralization on the whole."
Widths of up to 3 metres of continuous massive and semi-massive sulphide over a 22 metre extended strike length on the west and 13 metres of extended strike on the east have so far been exposed. Depth extensions will become better understood as production advances to depth.
Delivery and custom milling of stockpiled ore will occur upon a mutually agreed delivery schedule between the Company and its custom milling and concentrate off-take partner.
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| 5 | 74 | Canadian Arrow Mines | Ohio | XXmoney | 17.09.12 18:07 |