Canadian Arrow prepares to drill nickel projects
The initial focus will be on the Turtlepond Lake group of projects located about 40 km south of
Glatz Prospect – Mechanical trenching and ground geophysical surveys on the Glatz showing have delineated two parallel zones of mineralization which extend for 900 m and 700 m in length respectively. 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. An 800m long VTEM anomaly is associated with the Glatz showing and eleven conductive targets have been identified. In 2007 Arrow investigated a series of historical trenches along this geophysical trend with grab sample assay results ranging between trace to 1.28% Ni, and trace to 4.56% Cu.
Emmons Lake Occurrence – The Emmons Lake showing consists of grab samples from a surface showing and 10 historic packsack drill holes which intersected 0.73% Ni, 0.58% Cu over an 11.6 metre intersection defining an area of nickel/copper mineralization 60 metres in length on surface. Surface grab sample assays ranged between trace to 1.6% Ni, and trace to 0.43% Cu. Three conductive anomalies and one prominent magnetic feature coincident with the Emmons lake showing were identified in 2008. The geology and geophysical surveys completed indicate a well defined northern plunge to the surface mineralization, which is expressed along a 250m trend.
Prigg Prospect – The Prigg showing has returned between trace to 1.0% Ni from grab samples, and is coincident with an 800m long VTEM anomaly. Five conductive targets with associated magnetic responses were identified by the survey completed in 2008.
Turtlepond Lake Region – Elsewhere within the immediate vicinity approximately 20 conductive targets have been identified. Five strong anomalies with short strike extent and associated magnetic responses represent priority exploration targets as well as a strong magnetic trend 2 km in length with multiple associated conductive targets has been identified. There is no record of past exploration on this trend as it is overburden covered and may represent an intrusion in its entirety. Three newly discovered targets; North Glatz, Night Danger, and Double E, have coincident ground and airborne geophysical anomalies situated within favorable host rock assemblages.
The exploration program is being carried out under the direction of The Company’s Vice President of Exploration,
About Canadian Arrow Mines:
Canadian Arrow Mines Limited is an experienced exploration and mine operating team that is focused on acquiring and developing economically viable nickel sulphide deposits near existing infrastructure. Arrow operates in north-western
- 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.
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.
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SOURCE Canadian Arrow Mines Ltd.