Canadian Arrow Mines Intersects More Nickel

Kenbridge returns 6.23% Ni over 5.8 metres - continues to yield high grade zones in deep drilling
04:00 EDT Monday, March 10, 2008

SUDBURY, ON, March 10 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V) (the "Company") reports additional high grade nickel copper mineralization from drilling at the Kenbridge Nickel Project in Northwestern Ontario. Diamond drill hole KB-07-149 assayed 1.14% Ni, 0.30% Cu, 0.04% Co over a core length of 49 metres, including a high grade section of 6.23% Ni, 0.72% Cu, 0.18% Co over 5.8 metres. This intersection is located below the proposed open pit at approximately 250 metres elevation below surface.
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Assay highlights for 14 drill holes include:
- KB-07-149 - 1.14% Ni, 0.30% Cu over 49 m
- including 2.22% Ni, 0.47% Cu over 20.5 m
- including 6.23% Ni, 0.72% Cu over 5.8 m
- KB-07-183 - 1.08% Ni, 0.46% Cu over 46.2 m
- including 2.54% Ni, 0.75% Cu over 15.5 m
- including 5.96% Ni, 0.60% Cu over 1.7 m
- KB-07-161 - 0.83% Ni, 0.41% Cu over 23.3 m
- Including 1.53% Ni, 0.89% Cu over 8.3 m
- KB-07-181 - 0.77% Ni, 0.29% Cu over 17.8 m
- Including 1.0% Ni, 0.32% Cu over 12.3 m
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Hole KB-07-149 and recently reported hole KB-07-180 (2.95% Ni, 0.82% Cu, 0.07% Co over 21.5 metres, including a high grade section of 7.21% Ni, 0.67% Cu, 0.19% Co over 5.5 metres) are both located on section 12504.5m N with KB-07-149 intersecting the deposit approximately 60 metres up dip of KB-07-180.

Hole KB-07-183 intersected the deposit at approximately the same elevation below surface as hole KB-07-180 (approximately 300 metres vertical) and was collared on Section 12415m N, which is 90 metres south along strike of KB-07-180.

Commenting on the results Kim Tyler, President of the Company, stated, "We continue to find excellent widths and grades to the mineralization below the proposed open pit portion of the deposit. Every hole we've drilled into the underground portion of the deposit is giving us a better understanding of the controls to the mineralization, particularly the higher grade zones. We will be using the results from these holes to upgrade the inferred resource in the underground portion of the deposit in our planned feasibility study.

Some of the recent work completed on modeling the deposit has led to the interpretation that some of the higher grade zones may in fact have shallow plunges and appear more continuous than previously interpreted. Testing the new plunge interpretation will require additional follow up exploration drilling including the possibility of plunge extensions beyond the known mineralized envelope both to the north and south of the deposit.

Over the last few weeks we have been able to get through a significant amount of the assay backlog. We still have approximately 15 drill holes of assay results for the Kenbridge Nickel Deposit and will await those final results before prioritizing the next phase of drilling in the immediate vicinity of the deposit.

As mentioned in a previous press release (February 28, 2008) we have recently commenced drilling on other prospective targets near the Kenbridge property and will be systematically testing several nickel-copper showings over the next couple of months. Currently we are drill testing targets south of Kenbridge in the Denmark Lake claim group and will be reporting assay results as they become available. Additional, high priority regional targets include the Apex, Glatz and Emmons-Prigg nickel-copper-platinum-palladium occurrences."
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Assay Results:
Hole From To Length Ni% Cu% Co%
KB-07-149 319 368 49 1.14 0.30 0.04
347.5 368 20.5 2.22 0.47 0.07
356.2 362 5.8 6.32 0.72 0.18
KB-07-157 175.5 183 7.5 0.35 0.23 0.02
231.4 241 9.6 0.31 0.24 0.01
KB-07-158 196.8 209 12.2 0.31 0.27 0.01
201.5 203.8 2.3 0.52 0.40 0.02
KB-07-159 207 220.6 13.6 0.24 0.23 0.01
KB-07-160 8 12.5 4.5 0.45 0.17 0.02
KB-07-161 117.5 140.8 23.3 0.83 0.41 0.03
Including 132.5 140.8 8.3 1.53 0.89 0.05
Including 137.5 140.8 3.3 1.97 1.39 0.07
KB-07-163 9 21.5 12.5 0.35 0.31 0.01
Including 9 12.3 3.3 0.87 0.75 0.03
KB-07-164 49.4 52 2.6 0.50 0.15 0.02
KB-07-169 200.5 206.5 6 0.41 0.27 0.01
KB-07-181 284.2 302 17.8 0.77 0.29 0.02
Including 284.2 296.5 12.3 1.00 0.32 0.03
Including 292 293.8 1.8 1.71 0.23 0.04
KB-07-182 320.5 349.85 29.35 0.37 0.22 0.01
Including 320.5 323.9 3.4 1.45 0.55 0.05
Including 321.7 323.9 2.2 2.01 0.79 0.07
And 344.9 349.85 4.95 0.53 0.49 0.02
KB-07-183 337.8 384.1 46.2 1.08 0.46 0.04
Including 356 371.5 15.5 2.54 0.75 0.08
Including 364 371.5 7.5 3.36 1.22 0.10
Including 369.8 371.5 1.7 5.96 0.60 0.14
KB-07-190 239.2 267 27.8 0.43 0.19 0.01
Including 261.7 267 5.3 0.60 0.31 0.02
KB-07-192 327.1 339 11.9 0.31 0.31 0.01
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Analytical Method
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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 ISO 17025 accredited Accurassay Laboratories in Thunder Bay, Ontario. Samples analyzed for base metals (nickel, copper, and cobalt) are digested using aqua regia with an atomic absorption finish.
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".
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