Cro Target 1.00+

Canadian Arrow prepares to drill nickel projects

cnw

SUDBURY, ON, Oct. 5 /CNW/ - Canadian Arrow Mines Limited (CRO: TSX-V) (the "Company") having recently completed a $1.83M financing is pleased to provide an update on the exploration programs planned on its nickel-copper properties located in northwestern Ontario.


"Over $1.5M is to be expended on resumption of our exploration activities," comments Company President Kim Tyler. "First pass drilling programs are prepared to evaluate the six highest priority targets on our regional projects in addition to drilling proposed on the open extensions of our flag-ship Kenbridge nickel/copper deposit."


The initial focus will be on the Turtlepond Lake group of projects located about 40 km south of Dryden, Ontario and 70 km east of Kenbridge. The Turtlepond Lake Group consists of three previously under-explored historic nickel-copper occurrences, (Glatz, Emmons and Prigg), coincident with recently surveyed electromagnetic conductor/magnetic anomalies, and three other newly discovered geophysical targets, North Glatz, Night Danger, and Double E. All targets are clustered within 1.5 km of each other. A map detailing the Turtlepond projects can be viewed on the Company's website at:


http://www.canadianarrowmines.ca/turtlepond_lake_projects/.

- This company has connections to very well funded mining operations through decades of experience. I believe Mr. Tyler when he says they are speaking with 5 strategic partners for completion of there project through joint ventures. Joint venture speculation could drive our sp into a frenzy.

- The drill program which comprised our 253 million dollar property is open at depth and further drilling could significantly increase the resource. Some of our strongest results were on outer edges of the drill zone. De-watering of the 2500 meter mine shaft will allow them to get at these areas. The intersection I speak of is the 7% nickel over 5 meters that intersection comes from the end of the drill core. Further exploration could offer up amazing results. 0 summer 2008 drill results out, any significant finds in mine ready atikocan or kenora/dryden properties will lift stock.

- The company has contractual agreements with Opiwica explorations (OPW) on the TSX.V to mill there major gold and copper find with in close proximity of Canadian Arrows Planned site. Mining could begin on both projects in early 2010. This represents earnings and is a good partnership for a company seeking to be the next significant Nickel Copper producer in Canada.

- Canadian Arrow has the ability to produce nickel in its mine at 3.47 per pound nickel. That kind of number is unheard of in comparison to other mines. With production scheduled for early 2010 (around the same time our economy should be significantly rebounding) what if nickel prices return back to 15 dollars per pound? This site will look like a gem to any investor! (plus the property would be worth about 400mil at 15 dollars per pound nickel.

This is just a few of the key points that I believe make this company look attractive. If my predictions are correct we will see a significant rebound to normal multiples over the course of the next couple of months and with any significant news pertaining to my points and our sp and volume will be sent soaring. JV with cash on the books and abilitiy to help put project into production will send our sp back to .50 if not higher! I am Bull on Canadian Arrow mines.

Source

Review This .pdf 12 page report:

http://www.chfir.com/CRO_Valuation/CRO_ValuationReport.pdf

Silver basks in gold's glory Platinum could also get investment boost from U.S. ETF

Lewa Pardomuan

SINGAPORE — Reuters Last updated on Wednesday, Oct. 07, 2009 07:49AM EDT

With gold (GC-FT1,043.503.800.37%) at last piercing a new high, investors may next turn their attention to silver (SI-FT17.400.100.61%) , which now looks overdue for a rally even as it and other metals remain constrained by a halting global industrial recovery.

Often dubbed bullion's bridesmaid, silver is now trading at near its lowest ratio to gold in a year, slipping to around the equivalent of 59 units per ounce of gold, just above September's low and down more than a quarter from the peak in late 2008.

Signs are emerging of investors seeking an alternative to gold – which hit a lifetime high of $1,048.20 (U.S.) an ounce on Wednesday, surpassing the previous record in March 2008 – as a hedge against inflation and a falling dollar.

India's HDFC Bank, a large seller of gold in the world's top consumer of the metal, is looking at offering silver bars for sale in some cities because of interest from investors, a bank executive said on Wednesday.

“If it does move higher, you'd expect silver to outperform. The last time gold hit its high, silver was trading at $20. It's got a lot of catching up to do,” said Mark Hewlett, a commodity analyst at Cornhill Capital in London.

Silver was little changed at $17.44 on Wednesday, moving closer to a 13-month peak of $17.63 in the middle of September but nearly 19 per cent below its record high of $21.24 from March 17, 2008, the same time gold last peaked.

Unlike gold, investment into the world's largest silver-backed exchange-traded fund, the iShares Silver Trust (SLV-N17.080.704.27%) , has flatlined for the past three months, while gold inflows have boosted ETF holdings to near record highs. Silver holdings were unchanged at 8,594.22 tonnes.

But like gold, silver has also witnessed a surge in speculative long investment on the Comex futures exchange.

Physical trading was muted in Hong Kong, with silver bars offered at a discount of 10 to 20 U.S. cents to the spot London prices, barely changed from last week.

“Physical demand for gold will definitely slow down because of the high prices. Platinum (PL-FT1,335.009.700.73%) is still expensive, so probably people would like to buy silver because it's cheaper,” said a physical dealer in Hong Kong.

“But I still have doubts because most investors see silver as an industrial metal,” he added.

Industrial applications accounted for half of global demand for silver last year, followed by jewellery and photography, while implied net investment demand made up a mere 5.6 per cent, according to the Silver Institute.

Platinum, which is also used in jewellery, has been hit hardest by falling demand from automakers, as the industry suffered heavly during the economic meltdown. Autocatalysts accounted for around half of global consumption last year.

Platinum rose 1.33 per cent to $1,331 an ounce on Wednesday – still 42 per cent below last year's all time high – but it too may be due for a repricing.

“If the expectation is that gold rallies from here, platinum may have a U.S. ETF in the near future which will bring a lot of investment demand which could mop up the excess supply left by poor car sales,” said Mr. Hewlett of Cornhill Capital.

“This could see it out-perform silver as the silver ETF is already alive and kicking.”

While gains in other precious metals may be overdue, analysts were agreed that, ultimately, there was no substitute for gold.

“It's difficult to see to reasons to sell it, given we're seeing a continuation in the weakening of the U.S. dollar,” said Darren Heathcote, head of trading at Investec Australia.