Canadian Arrow Commences Nickel Production, Discovers New Nickel Massive Sulphides at Kelex
September 14 2012 - 3:08AM
PR Newswire (Canada)
SUDBURY, ON, Sept. 17, 2012 /CNW/ - Canadian Arrow Mines Limited.
(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. Canadian Arrow Mines
Limited CONTACT: visit the website at www.canadianarrowmines.ca, or
contact Mr.KimTyler President and Director toll free,
1-877-673-5462.
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