Canadian Arrow update increases Alexo Kelex indicated resources by 95%

Canadian Arrow Mines, Ltd. (TSXV:CRO) reports it has received an updated mineral resource estimate for its Alexo and Kelex nickel project located in Ontario, Canada.

The press release is quoted as saying,

The resource estimate includes drill results from 2,802 metres within 17 holes recently completed in February 2011 and will support plans for expanded near term production. Indicated resource base metals now total 9.92 million (M) lbs of Ni, 0.46 (M) lbs of Cu and 0.37 M lbs of Co for the Alexo and Kelex Timmins projects.  Inferred resources now total an additional 1.19 M lbs of contained nickel.

For the complete pres release, click here.