Home > Boards > US OTC > Mining/Resources > CANADIAN ARROW MINES LTD (CDARF)

Canadian Arrow Reports Results for Hart and Mann

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
NYBob Member Profile
Member Level 
Followed By 832
Posts 72,519
Boards Moderated 73
Alias Born 11/22/03
160x600 placeholder
NYBob Member Level  Friday, 05/12/06 02:29:47 AM
Re: None
Post # of 31 
Canadian Arrow Reports Results for Hart and Mann Properties; Intercepts 1.66% Ni over 4.48 metres -
Tuesday April 4, 8:30 am ET
TIMMINS, ON, April 4 /CNW/ -

Canadian Arrow Mines, Ltd.
(CRO: TSX-V) has received final assay results
from drilling completed on their 100% owned
Hart and Mann Properties, both located near
Timmins, Ontario.

Of significance was hole H-05-1 drilled on
the Hart property that returned values
of 1.66% Ni, 0.11% Cu, 0.03% Co and 0.43gpt
PGM at the interpreted base of an ultramafic
flow unit.

The program consisted of 1,268 metres of
diamond drilling targeted on areas of known
nickel sulphide mineralization and
geophysical anomalies interpreted to
represent prospective nickel copper sulphide
accumulations.

A complete list of drill intersections is
provided in the table below.

-------------------------------------------------------------------------
From Width PGM(x)
DDH No. Location Az/dip m To m m Ni % Cu % Co % gpt
-------------------------------------------------------------------------
2465 330/-
H-05-1 4067 45 14.37 18.85 4.48 1.66 0.11 0.03 0.43
-------------------------------------------------------------------------
2465 330/-
H-05-2 4067 60 19.00 22.40 3.40 0.97 0.04 0.02 0.22
-------------------------------------------------------------------------
2500 330/-
H-05-3 4050 45 47.80 48.90 1.10 0.52 0.05 0.03 0.24
-------------------------------------------------------------------------
2500 330/-
H-05-4 4050 60 54.50 56.50 2.00 0.42 0.04 0.02 0.41
-------------------------------------------------------------------------
2500 330/-
H-05-5 4050 70 55.50 60.50 5.00 0.56 0.04 0.18 0.38
-------------------------------------------------------------------------
PGM(x) gold+platinum +palladium

Canadian Arrow VP Exploration
Dean MacEachern said, "management is
encouraged with the recent drill results of
the Hart property that
successfully established the nature of the sulphide mineralization and the
orientation of the ore shoots.

The Company is assessing the possibility of
additional drilling to determine the plunge extent
of these identified
embayments and potential to host nickel-sulphide
mineralization."

The Hart property is located 28 kilometres southeast
of Timmins and lies
along strike of several past producing nickel sulphide
mines including the
Langmuir No. 1 and No. 2 and the Redstone Mine.
These deposits are "Kambalda
style" ultramafic flow hosted deposits with Ni-Cu sulphide mineralization
positioned in trough like embayments at the base of the host ultramafic unit.
Historical drilling on the Hart property has intersections of 2.1% Ni over
4.57 metres and 2.77% Ni over 2.2 metres.
Interpretation of the historical
drilling and the results of the Canadian Arrow drill program define a minimum
of four Ni-sulphide shoots with a steep easterly plunge.
Of the 26 historical
and Canadian Arrow holes documented on the zone, only 7 holes have been
drilled below the 150 metres level, with 24 of the holes restricted to testing
200 metres of the strike extent of the 800 metres long
ultramafic embayment.
In light of these results Canadian Arrow is
assessing the property in
order to determine how to best follow up with exploration
on the Hart
mineralized horizon.
The recent drilling indicates that the horizon has been
tested only over a limited depth and strike extent.
Additional drilling will
be required to determine the plunge extent of these
identified embayments and
potential to host nickel sulphide mineralization.
The Mann Trend properties are located
approximately 50 kilometres
northeast of Timmins and cover an area approximately
100 square kilometers in size.
High magnetic features interpreted to represent ultramafic
flows and
sills prospective for hosting nickel sulphide mineralization
were evaluated
with four diamond drill holes.
All holes intersected mafic/ultramafic geology
but failed to identify significant sulphide mineralization.
The 2005 exploration program at Hart and Mann was carried
out under the
direction of Todd Keast, P.Geo, a qualified person under
National Instrument 43-101.
All drill holes were logged and NQ core split.
Half of the core was
sent to Accurassay in Thunder Bay, Ont., for ICP analysis
and fire assay.
The Company employs a system of quality control for all
assays which includes the
regular use of standards and blanks and check assaying.
The information in
this release was prepared under the direction of
Dean MacEachern, P. Geo.,
Vice President Exploration for Canadian Arrow, 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
high margin/high
profit base metal deposits close to existing infrastructure through
exploration, development and acquisition.
In December 2005, the Company
commenced 1,500 metres of diamond drilling at the Hart
and Mann nickel
properties located in the Timmins and Iroquois Falls
regions of northern Ontario.
Shares of Canadian Arrow Mines shares trade on
the TSX Venture Exchange under the symbol "CRO".

If you would like to receive press releases via email
please contact:
alison(at)chfir.com.

THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO
TAKES FULL
RESPONSIBILITY FOR ITS CONTENTS.
THE TSX VENTURE EXCHANGE NEITHER
APPROVES NOR DISAPPROVES OF THIS PRESS RELEASE.


For further information

visit the website at
www.canadianarrowmines.com,
or call toll free,
1-877-262-6354, or contact:
Canadian Arrow Mines, Ltd.,
Dean MacEachern, Vice President Exploration,
Tel: (705) 264-6211,
E-mail: dmaceachern@canadianarrowmines.com,
Website: www.canadianarrowmines.com
CHF Investor Relations,
Cathy Hume, CEO,
Tel: (416) 868-1079 ext. 231,
E-mail: cathy@chfir.com,
Website: www.chfir.com


Source: Canadian Arrow Mines Ltd.

http://biz.yahoo.com/cnw/060404/cdn_arrow_drill_rslts.html?.v=1








Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist