NEWSRELEASE: Canadian Arrow Commences Nickel Production, Discovers New Nickel Massive Sulphides at Kelexposted in Nickel, Ontario Mining |
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.
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:
Canadian Arrow Mines Limited is developing two advanced nickel/copper mining projects located near existing infrastructure in Ontario, Canada. Its principal asset, the Kenbridge nickel-copper sulphide deposit located near Kenora, Ontario is in addition to its currently operating Alexo Nickel Complex.
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.
SOURCE: Canadian Arrow Mines Limited
visit the website at www.canadianarrowmines.ca, or contact Mr. Kim Tyler President and Director toll free, 1-877-673-5462.
September 17, 2012 – 11:08 AM EDT