SUDBURY, ON, Oct. 20 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V) (the
"Company") is pleased to provide an update on exploration activities conducted
on the Company's Turtlepond Lake properties Atikokan properties and Denmark
Lake properties. Claim staking, line cutting, geological mapping, prospecting,
ground geophysics, mechanical trenching, and diamond drilling have been
ongoing throughout the summer exploration season. Exploration programs are
focused on identifying and evaluating nickel-copper sulphide and platinum
group element (PGE), exploration targets.
Turtlepond Lake - Mechanical trenching and ground geophysical surveys on
the Glatz showing have delineated two parallel zones of mineralization which
extend for 900m and 700m in length. Widespread disseminated and blebby
nickel-copper-iron sulphide mineralization has been exposed and channel
sampled along both trends. Both anomalies are coincident with airborne
geophysical anomalies and have not yet been drill tested. The geology and
geophysical surveys at Emmons Lake showing indicates a well defined northern
plunge to the surface mineralization, which is defined along a 250m trend.
Three newly discovered targets; North Glatz, Night Danger, and Double E,
have coincident ground and airborne geophysical anomalies situated within
favorable host rock assemblages.
Atikokan Properties - Sixteen holes (2,354 metres) have been completed on
the Eva/Kawene project to evaluate a number of surface PGE showings, untested
airborne anomalies and newly exposed areas of sulphide mineralization. The
drill program has been completed and samples are currently in the lab for
Denmark Lake Area - The Company staked 73 claims covering 14,368 hectares
to cover the majority of the Denmark Lake Intrusion. Staking was initiated
following the Caribou Lodge discovery intersection of 4.58% Ni, 0.44% Cu, and
0.15% Co over a core length of 0.75 metres during the winter 2008 drill
program. Mineralization consists of massive, blebby and disseminated
nickel-copper-iron sulphides positioned near the base of a large ultramafic
intrusion, an environment typical of magmatic nickel deposits.
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/IR/CanadianArrow where they can post questions and receive
answers within the same day, or simply review questions and answers posted by
other investors. Alternately, 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 future press releases and updates in real
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THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL
RESPONSIBILITY FOR ITS CONTENTS.
THE TSX VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THIS
For further information:
For further information: visit the website at www.canadianarrowmines.ca,
call toll free at 1-877-262-6354, or contact: Canadian Arrow Mines, Ltd., R.
Kim Tyler, P. Geo, President, Tel: (705) 673-8259, E-mail:
firstname.lastname@example.org; CHF Investor Relations, Barry Leung, Director
Business Development, Tel: (416) 868-1079 ext. 222, E-mail: email@example.com or
Alison Tullis, Senior Account Manager, Tel: (416) 868-1079 ext. 233, E-mail: