Sudbury-based Canadian Arrow has identified seven mineralized zones on its Alexo and Kelex mines 50 kilometres east of Timmins to evaluate them for their potential for the company to resume mining operations.
This work is being done with an eye on providing financing opportunities to move its flagship Kenbridge deposit 70 kilometres southeast of Kenora.
Results thus far have shown that open pit extraction will be the most profitable method, though an economic analysis is still underway.
"We are seeing a much larger global mineral resource potential emerging at our Timmins projects," says president Kim Tyler.
We 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."
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