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San Gold Signs Financing and Option Agreement with Canadian Arrow Mines
WINNIPEG, MANITOBA--(Marketwire - June 27, 2012) -
San Gold Corporation
(TSX:SGR)(OTCQX:SGRCF) ("San Gold") is pleased to report that it
has entered into an option agreement (the "Agreement") with the Canadian Arrow Mines Ltd.
(TSX VENTURE:CRO) ("Canadian Arrow") properties located northeast of Rainy River, Ontario.
http://sangold.mwnewsroom.com/press-releases/san-gold-signs-financing-and-option-agreement-with-tsx-sgr-201206270801460001
BIX WEIR Q's Answered: -- The Future -
Canadian Arrow acquires former Inco claims adjacent to Alexo Nickel Project -
SUDBURY, ON, Feb. 6, 2012 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V) (the "Company") is pleased to report it has concluded a Purchase and Sale Agreement (the "Agreement") to acquire 100% undivided interest in 6 (six) freehold patent and surface mining rights comprising 98 hectares (the "Property") of favourably prospective ground adjacent to its Alexo and Kelex nickel mines located in the Timmins nickel belt in Northeastern Ontario.
The patents are being acquired from a company held by Mr. J. Kevin Filo of Timmins, Ontario. Previously the claims were held since 1931 by Inco Limited until 2006 at which time they were acquired by Mr. Filo's company. The claims are 1 km south of Canadian Arrow's Kelex and Alexo mines which contain NI 43-101 compliant indicated resources of 473,000 tonnes averaging 0.96% nickel. The mines are slated for production re-start in early 2012.
Mr. Kim Tyler, President of the Company said, "The Company is pleased to consolidate its land position as it prepares for resumed production at Kelex and Alexo. The Company believes that the exploration potential for further resources is exemplified by the outstanding success of the 2010-2011drill program whereby a small amount of diamond drilling (2,802 metres) increased the previous resource estimate by 95% (4,100,000 lbs of indicated nickel resource). The area is extremely prospective for similar success and the recent acquisition will enhance our prospects. We are anxious to resume exploration but our immediate focus remains on production"
Previous airborne electromagnetic survey work on the acquired ground completed by Inco between 1947 and 1951 detected several geophysical conductors in the vicinity including one, identified as #131, specifically located on the Property. In 1991 a ground horizontal loop electromagnetic survey confirmed the presence of conductor #131. No work has since been done to explore the conductor.
The terms of the agreement include the issuance of 150,000 common shares in the capital stock of the Company in exchange for 100% undivided interest in the properties. The properties are subject to a 1% retained net smelter royalty.
Kelex Production Update:
Contractors have been engaged to install piping for de-watering the pits and mining contract bids are currently being received. Forthcoming developments including production start-up timelines will be disclosed as contract commitments and availability are finalized. The Company plans to resume production on its past producing Alexo and Kelex mines containing NI 43-101 indicated resources of 9.9M lbs of nickel within 473,000 tonnes averaging 0.96% nickel. Cash flow from Alexo operations is intended to finance the development of the Company's flagship Kenbridge nickel project. Kenbridge contains 98M lbs of nickel and 52M lbs of copper within 7.1M tonnes grading 0.62% Ni and 0.33% Cu of NI 43-101 of open pit and underground measured and indicated resources.
The Alexo and Kelex mines have historically produced 87,000 tonnes averaging 3.06% nickel from both underground and open pit mining. Exploration potential exists along strike and at depth on both zones.
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 is the Kenbridge nickel-copper sulphide deposit located near Kenora, Ontario that remains open in three directions; is equipped with a 620 m shaft and has never been mined.
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.
visit the website at www.canadianarrowmines.ca, or contact Mr. Kim Tyler President and Director toll free, 1-877-673-5462
Back
http://tmx.quotemedia.com/article.php?newsid=48147437&qm_symbol=CRO
Timmins Projects | Alexo and Kelex -
https://docs.google.com/viewer?a=v&pid=sites&srcid=ZGVmYXVsdGRvbWFpbnxjYW5hZGlhbmFycm93bWluZXN8Z3g6Mjc2YWY1MGU5Y2ViZWMxNA
Timmins Projects | Alexo and Kelex
Canadian Arrow's Timmins Projects are comprised of its wholly owned past producing Alexo and Kelex deposits located 50 km east of Timmins, Ontario. The Company temporarily halted production due to low nickel prices in 2005 to review operating alternatives. Nickel prices have more than doubled since and attractive operating opportunities have recently developed that further enhance the deposits’ economics.
Between 2004 and 2005 the Company produced 30,138 tonnes of ore averaging 1.93% nickel containing 1.3M lbs of nickel from open pit mining of the Alexo and Kelex zones. At the time the only alternative for the Company was direct shipment of unprocessed ore about 350 km to the Xstrata Nickel Strathcona mill located near Sudbury, Ontario. The Company is currently reviewing economic alternatives to direct shipping that have developed in recent months.
The Alexo property is historically reported to have additionally produced 57,000 tons at 3.6% nickel for a total of 4.5M lbs of contained nickel.
The deposits are classified as Kambalda-style named after similar type-deposits occurring in Western Australia. The Alexo and Kelex deposits are composed of massive to semi-massive nickel sulphide accumulations inhabiting basal embayments along the footwalls of steeply dipping komatiitic ultramafic volcanic flows. The massive, semi-massive sulphides are overlain by stringer, net-textured, blebby and lower grade disseminated sulphide haloes extending upwards and away from the contact. The flows contact with intermediate volcanic country rocks. Other komatiitic hosted nickel sulphide deposits and occurrences in the area include the Redstone, McWatters, Hart, Langmuir 1 and 2, and Texmont.
A total 12,710 metres of drilling in 132 holes were completed in 2004-05 on the sulphide mineralization that extends off the known previous workings. The drilling was never completely evaluated for resource potential. An independent qualified consultant has been commissioned to complete NI 43-101 compliant mineral resource estimates on the deposits.
The project remains permitted. Infrastructure including water treatment facilities remain in place as do a closure plan and a closure bond.
To see a complete Timmins Projects presentation click here
Significant Alexo/Kelex Drill Results
Alexo Main:
Mineralization extending 200 metres beyond the Alexo mine workings to the east remains open and unexploited. Mineralization at Alexo Main is drilled on tight 15m section spacings and is continuous over 100m of strike east of the previous pit workings to section 1629E. Alexo is further enhanced by significant copper, cobalt, platinum and palladium values.
http://www.canadianarrowmines.com/cro/projects/alexo_kelex/
blues1216' Welcome to 'CANADIAN ARROW MINES LTD (TSX:CRO 
its great that you created a facebook page ?
please, feel free and copy and paste anything
I have posted out - that's fine
btw. ot.
I am not on facebook any more!!! -
I have been there 3 times and had 3000 friends last time
and they just wiped me out 100% -
I got the impression the facebook is anti-Christ -
and the first 2 times I had 1000s of friends also -
but
when I talked about Missions etc.
they wiped me out of the books -
I will not disturb the 666 again -
they have to be taken out by their own evil fires -
God Bless
Canadian Arrow Mines (CRO) funfiat$0.115 UP $0.015 +15.00%
Volume: 524,600 @ 3:52:17 PM ET good demand
Bid Ask Day's Range
0.11 0.115 0.1 - 0.115
TSX:CRO Detailed Quote
Canadian Arrow Mines (CDARF) $0.1371
Volume: -
Bid Ask Day's Range
- - - - -
CDARF Detailed Quote
Canadian Arrow Mines CRO.V/CDARF.pk Nickel
The latest Preliminary Economic Assessment and
NI 43-101 resource estimate for Kenbridge outlined
97.7M lbs of nickel, 52.3M lbs of copper and 2.6M
lbs of cobalt from a combined open pit and underground
mining/milling operation. A 2,000 ft shaft
already exists onsite.
http://www.canadianarrowmines.ca/investor_relations/pdf/kenbridge_fact_sheet.pdf
MWM thank you good info
Its a bargain price - 4yrs ago when nickel was higher it was
much higher in price -
http://metalsplace.com/news/articles/33641/interview-nickel-zinc-to-go-up/
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CANADIAN ARROW MINES LTD -
(CRO:TSX-V)
CRO Kenbridge Nickel Mines Properties, Ontario, Canada -
Kenbridge Mine Headframe -
Investors Presentation -
http://www.smartstox.com/interview/cro/
http://www.canadianarrowmines.com/ir/presentation/01_01_07.pdf
http://www.investorshub.com/boards/quotes.asp?ticker=v.cro
Welcome To Canadian Arrow Mines Ltd.
Canadian Arrow is a well-established company with a strong focus
on nickel sulphide exploration.
Currently the company has project positions in Northwestern
Ontario and the Abitibi of Ontario, encompassing past
nickel producers and known nickel occurrences.
The Company's flagship project is -
the Kenbridge Nickel Deposit -
located near Kenora, Ontario which was acquired in
September, 2006.
http://www.newswire.ca/en/releases/archive/December2006/05/c3656.html
The Company's strategy is to explore and develop nickel
sulphide deposits in North America, in areas where
infrastructure requirements would be minimal in order
to rapidly develop an economic nickel deposit.
The Arrow management team has tremendous nickel sulphide
experience, with a proven track record for discovery
and successful deposit delineation, in
North America and around the world.
Canadian Arrow is aggressively pursuing additional nickel
sulphide projects through acquisition and/or joint ventures.
Canadian Arrow Mines Limited is a public company which
trades on the TSX Venture Exchange under the symbol CRO.
Click here to view Canadian Arrow Mines Limited
stock performance on the TSX-V.
All quotes are delayed 15 minutes unless otherwise stated.
CANADIAN ARROW MINES LTD fazebook page 
http://www.facebook.com/pages/Canadian-Arrow-Mines-tsxv-CRO/136580016409696
http://www.canadianarrowmines.com/
CRO:TSX-V share price -
http://tinyurl.com/knuo3
History repeat itself -
CRO has added great values since 2004 -
a fair market value hasn't started to reflex it yet -
with the higher metal price we should be at least 5 times higher -
its a good a start -
its a beginning - 2nd LT wave -
we are lucky to get some old
great Canadian nickel mines -
let's go after the PGM's too -
http://www.nidi.org/
Nickel historical charts -
http://www.kitcometals.com/charts/nickel_historical.html
CRO Arrow & Nickel target new highs? -
Imo. Tia.
http://nai.chineseworldnet.com/front.asp
Money Masters: Federal Reserve History part 1 of 3
http://video.google.com/videoplay?docid=8442305921010099392&q=conspiracy
Money Masters: Federal Reserve History part 2 of 3
http://video.google.com/videoplay?docid=5020331178524208549&q=conspiracy
Money Masters: Federal Reserve History part 3 of 3
http://video.google.com/videoplay?docid=6666372716915416357&q=conspiracy
http://www.vatican.va
http://tinyurl.com/365wag
Welcome to the Canadian Arrow Mines discussion board
AI
