Canadian Arrow Begins Consultations with Treaty No. 3 First Nations for Kenbridge Nickel Project
08:00 EDT Tuesday, March 25, 2008
SUDBURY, ON, March 25 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V) (the "Company), is pleased to report that it has commenced formal consultations with the Anishinaabe Nation in Treaty No. 3 regarding the company's Kenbridge Nickel Project in Northwestern Ontario. Kenbridge is a nickel-copper deposit located within Treaty No. 3 traditional territory, a distance of approximately 60 km southeast from the city of Kenora.
As outlined in the November 5, 2007 news release "Canadian Arrow and Treaty No. 3 discuss Kenbridge Nickel Project", the company has engaged local First Nations early in the project's development and is seeking authorization for the project through the Treaty No. 3 resource law known as Manito Aki Inakonigaawin, or The Great Earth Law. Representatives from Canadian Arrow Mines, Treaty No. 3 Grand Council and the four First Nations communities near Kenbridge (Naotkamegwanning, Northwest Angle No. 33, Northwest Angle No. 37, Onigaming) recently met in Kenora for further discussions on the project. It was decided there that Treaty No. 3 would create a task force with representation from the Grand Council and the four communities to participate in the consultation process with Canadian Arrow Mines.
Kim Tyler, President of Canadian Arrow, comments; "We are very pleased to advance discussions on the Kenbridge Nickel Project with Treaty No. 3 to the consultation phase. Our work at Kenbridge will soon shift away from exploration and into permitting and project design. Arrow believes the area around the Kenbridge Nickel Project contains excellent exploration potential, so building a strong relationship with Treaty No. 3 is a priority for us. We look forward to future discussions with Treaty No.3 on project participation, employment, business opportunities and education."
Canadian Arrow continues to advance the Kenbridge Nickel Project, recently completing a Preliminary Economic Assessment and purchasing several key long lead items. The company's plans for 2008 include consultations with Treaty No. 3, completing a bankable feasibility study, beginning regional exploration work and conducting an advanced exploration program later in the year.
About Canadian Arrow Mines, Ltd.
Canadian Arrow Mines, Ltd. is an established Canadian exploration and development Company committed to developing and advancing base metal deposits close to existing infrastructure through exploration, development and acquisition. Shares of Canadian Arrow Mines trade on the TSX Venture Exchange under the symbol "CRO".
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For further information: visit the website at www.canadianarrowmines.ca, or call toll free, 1-877-262-6354, or contact: Canadian Arrow Mines, Ltd., R. Kim Tyler, P. Geo, President, Tel: (705) 673-8259, E-mail: kim@canadianarrowmines.ca; CHF Investor Relations, Barry Leung, Tel: (416) 868-1079 x247, E-mail: barry@chfir.com or Sarah Gingerich, Tel: (416) 868-1079 x238, E-mail:sarah@chfir.com