Welcome To Canadian Arrow Mines
Canadian Arrow Mines, Ltd. (CRO-TSXV) is an experienced exploration and mine operating team that is focused on acquiring and developing economically viable nickel-copper sulphide deposits near existing infrastructure.
It is developing two advanced nickel/copper mining projects located in Ontario, Canada. Its principal asset is the Kenbridge Project near the town of Kenora, Ontario. Kenbridge is a nickel-copper sulphide deposit containing over 44,000 tonnes of nickel in the measured & indicated classes, (Sedar, Aug. 19, 2008), as follows:
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. A Preliminary Economic Assessment completed in 2008 returned robust project economics and operating costs, including a net present value of C$253M and cash costs of US$3.47/lb of nickel net of copper credits. The company's plans for Kenbridge include advancing the project though to feasibility and exploring the open mineralization at depth. In addition, Canadian Arrow is investigating several prospective nickel-copper exploration targets near Kenbridge with the goal of identifying near surface mineralization that could be processed at the Kenbridge operation.
The Company also owns the past producing Alexo and Kelex mines located in the east Abitibi nickel district east of Timmins Ontario. The Alexo and Kelex mines historically produced over 87,000 tonnes at 3.06% nickel and were closed down due to low metal prices despite remaining reserves potential. The mines remain permitted and are under review for a rapid re-start of production.
Investor Relations Information
Canadian Arrow Mines Limited is a public company which trades on the TSX Venture Exchange under the symbol CRO. All quotes are delayed 15 minutes unless otherwise stated.