Canadian Arrow begins airborne geophysical survey on nickel-copper properties; drilling to begin shortly
Thursday February 1, 1:08 pm ET
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SUDBURY, ON, Feb. 1 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V) today reported that it has initiated an airborne geophysical survey over the Company's Kenbridge, Denmark Lake, Chief Peter Lake, Eva Lake, Kawane and Abiwin nickel-copper projects located in northwestern Ontario. The 1,100 line kilometre airborne ATEM and magnetic survey has been contracted to Aeroquest Limited which has mobilized a field crew to complete the survey over the next few weeks. The objective of the airborne survey is to provide a modern geophysical database from which the Company will generate nickel sulphide exploration targets to be tested by diamond drilling in 2007.
The Company also reported that it has negotiated for a 5,000 metre diamond drilling contract to drill test nickel sulphide targets identified at the Kenbridge Nickel Deposit and other regional targets which may be generated from airborne survey. The drill program is scheduled to begin shortly after the completion of the survey.
Dean MacEachern, Canadian Arrow's VP Exploration, commented: "The airborne survey will be flown over our extensive property position including the known nickel sulphide showings and the Kenbridge Nickel Deposit. It will provide an excellent database from which to design an aggressive exploration program. In order to provide year-round access to the Kenbridge Deposit in advance of the significant diamond drilling program that we anticipate beginning within the next few weeks, we are constructing an all-season trail into the Property. The proximity of our projects to existing infrastructure will allow us to quickly evaluate the nickel sulphide potential of any potential geophysical anomalies while we concurrently advance the Kenbridge Deposit."
The exploration program is being carried out under the direction of the Company's Exploration Manager, 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 Dean MacEachern, P.Geo., Vice President Exploration for 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".
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For further information
visit the website at www.canadianarrowmines.ca, or call toll free, 1-877-262-6354, or contact: Canadian Arrow Mines, Ltd., Dean MacEachern, Vice President Exploration, Tel: (705) 673-8259, E-mail: dean@canadianarrowmines.ca
CHF Investor Relations, Barry Leung, Tel: (416) 868-1079 ext. 247, E-mail: barry@chfir.com or Cathy Hume, CEO, Tel: (416) 868-1079 ext. 231, E-mail: cathy@chfir.com
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Source: Canadian Arrow Mines Ltd. |
