Canadian Arrow Mines Ltd. - Exploration Update
08:30 EDT Monday, October 20, 2008
SUDBURY, ON, Oct. 20 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V) (the "Company") is pleased to provide an update on exploration activities conducted on the Company's Turtlepond Lake properties Atikokan properties and Denmark Lake properties. Claim staking, line cutting, geological mapping, prospecting, ground geophysics, mechanical trenching, and diamond drilling have been ongoing throughout the summer exploration season. Exploration programs are focused on identifying and evaluating nickel-copper sulphide and platinum group element (PGE), exploration targets.
Turtlepond Lake - Mechanical trenching and ground geophysical surveys on the Glatz showing have delineated two parallel zones of mineralization which extend for 900m and 700m in length. Widespread disseminated and blebby nickel-copper-iron sulphide mineralization has been exposed and channel sampled along both trends. Both anomalies are coincident with airborne geophysical anomalies and have not yet been drill tested. The geology and geophysical surveys at Emmons Lake showing indicates a well defined northern plunge to the surface mineralization, which is defined along a 250m trend.
Three newly discovered targets; North Glatz, Night Danger, and Double E, have coincident ground and airborne geophysical anomalies situated within favorable host rock assemblages.
Atikokan Properties - Sixteen holes (2,354 metres) have been completed on the Eva/Kawene project to evaluate a number of surface PGE showings, untested airborne anomalies and newly exposed areas of sulphide mineralization. The drill program has been completed and samples are currently in the lab for analysis.
Denmark Lake Area - The Company staked 73 claims covering 14,368 hectares to cover the majority of the Denmark Lake Intrusion. Staking was initiated following the Caribou Lodge discovery intersection of 4.58% Ni, 0.44% Cu, and 0.15% Co over a core length of 0.75 metres during the winter 2008 drill program. Mineralization consists of massive, blebby and disseminated nickel-copper-iron sulphides positioned near the base of a large ultramafic intrusion, an environment typical of magmatic nickel deposits.
The exploration program is being carried out under the direction of The Company's Vice President of Exploration, Todd Keast P. Geo., a qualified person as defined by National Instrument 43-101. The information in this release was prepared under the direction of Kim Tyler, P. Geo., President of the Company, 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 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".
Investors are invited to visit Canadian Arrow's IR hub at http://www.agoracom/IR/CanadianArrow where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternately, investors are able to e-mail all questions and correspondence to CRO@agoracom.com where they can also request addition to the investor e-mail list to receive future press releases and updates in real time.
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For further information: visit the website at www.canadianarrowmines.ca, call toll free at 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, Director Business Development, Tel: (416) 868-1079 ext. 222, E-mail: barry@chfir.com or Alison Tullis, Senior Account Manager, Tel: (416) 868-1079 ext. 233, E-mail: alison@chfir.com;