Canadian Arrow Receives CDN $1 Million for 50% of Hart Nickel Project

Canadian Arrow Mines, Ltd. (TSXV:CRO) it has received payment of CDN $1 million for half of the Hart nickel project.

As quoted in the press release:

The Company plans to resume production in 2012 on its past producing Alexo mine located in the Abitibi nickel district east of Timmins Ontario containing NI 43-101 indicated resources of 9.9M lbs of nickel within 473,000 tonnes averaging 0.96% nickel. Cash flow from Alexo operations is intended to finance the development of the Company’s flagship Kenbridge nickel project. Kenbridge contains 98M lbs of nickel and 52M lbs of copper within 7.1M tonnes grading 0.62% Ni and 0.33% Cu of NI 43-101 of open pit and underground measured and indicated resources.

Click here to read the Canadian Arrow Mines, Ltd. (TSXV:CRO) press release.