Canadian Arrow update on nickel projects

Canadian Arrow Mines Ltd has reported its compilation and re-interpretation of past exploration results on its wholly owned Alexo and Kelex mines located 50km east of Timmins, Ontario, and has identified seven mineralized zones under evaluation for resumed mining extraction. The company reports seeing a much larger global mineral resource potential emerging at their Timmins projects. They are exploring multiple opportunities to capitalize on a quick production start-up based on current and projected metal prices. Within the larger resource potential, the company has been examining several options targeting smaller, high grade batch extraction at minimal cost to initiate a quick capital turnaround and early cash-flow. Economics so far indicate resuming open pit extraction as the most profitable method. Besides confirming extensions of the past producing mineralized zones, the company is also encouraged by the opportunities for additional new zones to explore and expand on the resource potential of the property.

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