Canadian Arrow Mines (CRO.V) is now higher by 40% at nearly 11 cents with more than 5.9 million shares traded, earlier hits a new year high of nearly 13 cents, after announcing the discovery of a new nickel sulphide lens at its Kelex nickel project located 17 km south of Iroquois Falls, Ontario.
Furthermore, the company said that hole 2011-15 additionally intercepted 7.1 metres of semi-massive and disseminated nickel sulphides located 20 metres further down the hole from the massive sulphide discovery. Future drilling will determine if this lower intersection represents the discovery of another new zone.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
