Canadian Arrow Mines Ltd

Canadian Arrow Mines, Ltd. (CRO-TSXV) is focused on developing economically viable nickel-copper sulphide deposits near existing infrastructure. It is owns two advanced nickel/copper mining projects located in Ontario, Canada. Its principal asset is the Kenbridge Project near the town of Kenora, Ontario. Kenbridge is a nickel-copper sulphide deposit containing over 44,000 tonnes of nickel in the measured & indicated classes, (Sedar, Aug. 19, 2008), as follows: Measured Resource: 3,546,000 tonnes grading 0.45% nickel, 0.24% copper, 0.015% cobalt.Indicated Resource: 3,593,000 tonnes grading 0.79% nickel, 0.42% copper, 0.018% cobalt.The deposit remains open in three directions, is equipped with a 609 m deep shaft and has never been mined. A Preliminary Economic Assessment completed in 2008 and updated in 2010 returned robust project economics and operating costs, including a net present value of C$253M and cash costs of US$3.47/lb of nickel net of copper credits. The company's plans for Kenbridge include advancing the project though to feasibility and exploring the open mineralization at depth.