SUDBURY, ON, Feb. 25 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V) (the "Company") reports it has commenced the second phase of drilling on its east rim Turtlepond Ni-Cu-PGE-Au projects.
Detailed ground pulse electromagnetic geophysical surveys on two new discoveries (Night Danger and Double E) to better define and direct the follow-up drill programs are now completed. Drilling on two other previously un-drilled targets (Prigg and Glatz North) is also planned.
Significant grab samples collected at Prigg returned PGM+Au values between 0.514 gpt - 0.207 gpt. Additional nickel and copper values yielding between 0.86% - 0.12% and 0.70% - 0.12% respectively in pyroxenite/gabbro host rocks are reported from field work completed by the Company and filed for assessment with the Ontario Ministry of Northern Development and Mines. The report describes four separate areas in the vicinity of the Prigg prospect alone while reconnaissance prospecting, mapping and sampling in 2008.
Drilling recently completed on the Double E discovery (Jan. 12, 2010) yielded 0.94 gpt PGM+Au over a two metre wide section that included 2.5 gpt Ag, 1.35% Ni and 0.81% Cu.
Drilling also recently completed on the Night Danger discovery (Jan. 7, 2010) yielded a nine metre wide section assaying 0.57% Ni and 0.45% Cu. Night Danger and Double E are new showings identified by the Company and have no previous exploration history.
North Glatz is another new target, hidden and completely overlain by soil cover, with comparable geophysical characteristics to the Double E, Emmons, Prigg, Night Danger and Kenbridge projects.
The Company is funded sufficiently to finance its projects including advancing Kenbridge forward towards feasibility through continuing metallurgical analyses and assessing the marketability of the anticipated Kenbridge nickel-copper concentrates.
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.
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 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