Canadian Arrow Mines, Ltd. (TSXV: CRO) has reported the discovery of a new nickel sulphide lens at its Kelex nickel project located 17 km south of Iroquois Falls, Ontario.
Hole 2011-15 intersected 5.01% Ni in 1 metre of massive sulphides. This is the second new hole to intercept the discovery. Previously reported hole 2010-11 intersected 5.89% Ni over 0.6 metre of massive sulphides approximately 28 metres east of the 2011-15 intercept. Furthermore, hole 2011-15 additionally intercepted 7.1 metres of semi-massive and disseminated nickel sulphides located 20 metres further down the hole from the massive sulphide discovery. Future drilling will determine if this lower intersection represents the discovery of another new zone.
The new massive sulphide lens is the sixth discovered on the property to date.
Mr. Kim Tyler, President of the Company, said, "We are pleased that the early discovery of a new nickel sulphide lens was made with such a limited amount of drilling. Ultramafic komatiitic deposits of this type are characterized by clusters of such lenses. Discoveries of more such lenses are anticipated in future drill programs as historic drilling has not stepped out very far from the known zones at either Kelex or Alexo. Hole 2011-13 is also notable as it has further defined the Kelex West Zone bulk mineralization west along strike and to depth. Both holes will have a positive contribution to our upcoming resource estimate update and economic assessment."
This drill campaign is now complete. The program was conducted to meet three objectives; 1) to collect a composite sample for bench scale metallurgical test work, 2) to test the opportunity for expanding the resource beyond the known mineralization limits, and 3) to confirm grades and locations of previous drilling for resumed production. The program to date has been successful in all objectives. The drill results will be included in an updated resource estimate. The Company will be providing further update on its plans to resume production in a future press release.
The exploration program is being carried out under the direction of Kim Tyler, P. Geo., President of the Company, a qualified person as defined by National Instrument 43-101.
Analytical Method
Mineralized diamond drill hole intervals reported are down hole core lengths only. NQ diameter drill core samples are split in half; one half being retained in its original core box and the second half sent to an independent commercial laboratory for analysis. Samples are analyzed by ALS Chemex Laboratories in Vancouver, BC. Samples analyzed for base metals (nickel, copper, and cobalt) are digested with a four acid digestion technique with an ICP-AES finish. Precious metals, (platinum, palladium and gold), are fire assayed with an ICP-AES finish.
Source: Canadian Arrow Mines, Ltd.