ONTARIO – Canadian Arrow Mines of Sudbury, ON, has begun overburden removal at its Kelex nickel mine in the Porcupine Mining Division. A high grade, low tonnage open pit will begin shipping ore to Xstrata Nickel’s Strathcona mill in the middle of this year.
Canadian Arrow recently sold its royalty interest in the Hart deposit, considered a non-core asset, for $2.45 million. That gives the company the capitalization it needs to advance the Kelex mine.
Company president Kim Tyler stated, "We are extremely pleased to announce the re-start of mining at Kelex. The Alexo/Kelex complex will also be the catalyst for driving forward development of our much larger flagship Kenbridge nickel-copper project."
The Kenbridge property lies 70 km southeast of Kenora, ON. In August 2008, resources included a measured and indicated estimate of 7.1 million tonnes grading 0.62% Ni 0.33% Cu and 0.016% Co. The inferred resource was 118,000 tonnes at 1.38% Ni, 0.88% Cu and 0.003% Co. Canadian Arrow estimates that the deposit contains 98 million lb of nickel and 52 million lb of copper.
More details about the Kenbridge and Kelex projects are posted at CanadianArrowMines.com.