SUDBURY, ON, Nov. 22 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V) (the
"Company), reports that it has secured key land positions through staking and
acquisition surrounding its Kenbridge and Denmark Lake Nickel Projects. The
land package increase includes nine staked claims totaling 1,280 hectares and
a cash only purchase of eleven patented mining claims totaling an additional
Besides securing favourable property for ongoing exploration between
Kenbridge and Denmark Lake, the Company has also acquired additional property
important for locating key infrastructure at the proposed Kenbridge Nickel
Mine. Of interest is a 320,000 m2 basin located approximately 1 km south of
the mine area. Arrow's environmental baseline program, led by DST Consulting
Engineers, has determined the basin contains a natural fish barrier, no
apparent fish habitat and is ideally suited as a tailings disposal site for
the proposed Kenbridge mine.
Garett Macdonald, Vice President of Operations commented, "The safe
storage of tailings is a critical component for any mining operation. We have
identified a basin that can store the Kenbridge mine tailings with relatively
minor impoundment construction and one where no fish habitat is present. This
fits well with our plan to develop Kenbridge into a cost effective nickel
producer with a small environmental footprint."
Kim Tyler, President, added, "Canadian Arrow continues to focus on all
tasks required to bring the Kenbridge Project to an early production decision
whilst aggressively acquiring a pipeline of other quality nickel properties in
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".
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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
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For further information:
For further information: visit the website at www.canadianarrowmines.ca,
or call toll free, 1-877-262-6354, or contact: Canadian Arrow Mines, Ltd., Mr.
Kim Tyler, P. Geo, President, Tel: (705) 673-8259, E-mail:
firstname.lastname@example.org; CHF Investor Relations, Mr. Barry Leung, Tel: (416)
868-1079 ext. 222, E-mail: email@example.com; or Ms. Cathy Hume, CEO, Tel: (416)
868-1079 ext. 231, E-mail: firstname.lastname@example.org