SUDBURY, ON, Jan. 7 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V) (the "Company") reports the discovery of a new nickel copper sulphide mineralized zone while drill testing the Night Danger exploration target area. A nine metre wide section of stringers and blebs of sulphides assayed 0.57% Ni and 0.45% Cu. Two sections within this interval assayed greater than 1% nickel. The Night Danger area is a new showing identified by the Company and has no previous exploration history.
The Night Danger target was identified during the Canadian Arrow 2008 VTEM Airborne Survey in the Turtlepond Lake Area. The well pronounced anomaly, detected on two adjacent 100 metre spaced flight lines, is situated in a swampy area with no surface exposure. Diamond drill hole ND-09-1 intersected two separate intervals of sulphide mineralization between 63.45 and 88.05 metres down the hole. Narrow sections of up to 1.3% Nickel are contained within the lower sulphide horizon.
Table 1 - Night Danger (ND) and Glatz (GZ) Significant DDH Assay Results
Hole From To Length Ni% Cu% Co% Au Pt Pd Ag
(m) (m) gpt gpt gpt gpt
ND-09-1 63.45 71.85 8.40 0.27 0.22 0.01 0.01 0.01 0.00 0.97
Includes 66.75 68.80 2.05 0.60 0.42 0.02 0.02 0.01 0.00 2.00
ND-09-1 79.00 88.05 9.05 0.57 0.44 0.02 0.03 0.03 0.01 1.16
Includes 79.00 79.80 0.80 1.04 0.13 0.04 0.00 0.02 0.01 0.50
Includes 85.30 86.25 0.95 1.31 1.99 0.04 0.04 0.14 0.01 4.00
GZ-09-2 45.0 50.9 5.9 0.34 0.17 0.02 0.02 0.00 0.00 1.27
At the Glatz area six diamond drill holes (1,056 m) were completed to test surface showings with coincident geophysical anomalies. Sections of disseminated and blebby sulphides have been intersected; however the mineralization between holes is indicated to be narrow and discontinuous.
Deeper penetrating ground geophysical surveys will be completed at the Night Danger and other areas. Additional drill results to be reported from the Emmons Lake and Double E target areas are forthcoming.
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.
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:
Canadian Arrow Mines Limited is focused on acquiring and developing nickel sulphide deposits near existing infrastructure. The Company's principal asset is the Kenbridge Project, a nickel-copper sulphide deposit containing over 44,000 tonnes of nickel in the measured & indicated classes, (Sedar, Aug. 19, 2008), as follows:
- Measured Resource: 3,546,000 tonnes grading 0.45% nickel,
0.24% copper, 0.015% cobalt.
- Indicated Resource: 3,593,000 tonnes grading 0.79% nickel,
0.42% copper, 0.018% cobalt.
The deposit remains open in three directions, is equipped with a 620 m shaft and has never been mined.
*National Instrument 43-101: Mr. E. Puritch, P. Eng., Ms. Tracy Armstrong, P.Geo., and Antoine Yassa, P.Geo. of P&E Mining Consultants Inc. are the independent qualified persons for the Kenbridge resource estimates.
Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, socio-political, marketing, or other relevant issues.
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.
SOURCE Canadian Arrow Mines Limited
For further information: For further information: visit the website at www.canadianarrowmines.ca, or contact Mr. Kim Tyler, President and Director toll free, 1-877-673-5462