|February 24, 2005|
Crowflight Provides an Update on Exploration Activities in the Thompson Nickel Belt
|TORONTO, ONTARIO: CROWFLIGHT MINERALS INC. (TSX VENTURE:CML) is pleased to announce that the Winter 2005 exploration and project development programs are progressing as planned at the Bucko-Bowden and Thompson North Projects in the Thompson Nickel Belt (TNB). The winter programs which began in early January 2005 (refer to the previous Press Release dated January 13, 2005), are focused on outlining new, and expanding previously defined, higher-grade nickel, copper and PGE's mineralization on both projects as well as completing metallurgical sampling for an on-going feasibility study at the Bucko Deposit.|
Stan Bharti, President and CEO of Crowflight commented on the progress at the TNB programs stating: "The TNB is one of the most prolific Base Metal sulphide camps in the World and Crowflight has teamed-up with Falconbridge, one of the most experienced and technologically advanced explorers of such mineralization. The exploration and technological expertise of Falconbridge is focused on identifying attractive Nickel, Copper and PGE's mineralization within the TNB properties while the Crowflight team remains focused on advancing the high grade Bucko Nickel Deposit towards feasibility. We remain excited about the combined potential of a near-term development scenario at the Bucko Deposit and exploration success within the Crowflight-Falconbridge TNB properties as the winter program advances."
The Company plans to drill approximately 20,000 meters on the TNB exploration properties and in-fill and metallurgical sample drilling at the Bucko Deposit during the winter program. Over 6,000 meters for a total of 17 holes, have been completed to date. Assays are pending and should be available in increments in the coming weeks.
Thompson Nickel Belt Programs
1. Linecutting and ground geophysical programs
TEM (UTEM and Crone PEM), HLEM and Magnetics ground geophysical programs have been completed at the Bucko Deposit and on priority areas of the Bowden Lake (Bowden and M11A Deposit, Bucko South Extension and North Limb Ultramafic) and Gonlin Lake properties and are in progress at the Halfway Lake, Resting Lake, Moak/Strong, Burntwood River and Airport properties. The geophysical surveys are intended to refine drill targets, including targets previously identified by the airborne MegaTEM survey. The initial focus of the program is on the Bucko-Bowden-M11A corridor where previous work has identified Nickel mineralization associated with ultramafic rocks.
2. Diamond drilling
Five diamond drill rigs are currently active on the Crowflight-Falconbridge exploration properties and the Bucko Deposit. Drilling to date includes 17 drill holes and 6 wedged holes for a total of 6,235 metres. In total, 20,000 meters of drilling in approximately 35 drill holes is planned for the winter program. A summary of the drilling completed to date includes:
Crowflight - The Base Metal Builder
Crowflight Minerals Inc. is a Canadian junior mining exploration and development company listed on the TSX Venture Exchange. The company is focused on Nickel, Copper and Platinum Group Mineral projects in the Thompson Nickel Belt ("TNB") and Sudbury Basin. The company currently owns and/or has under option more than 672 km2 of exploration and development properties in Manitoba and Ontario.
In Manitoba, these properties include: (1) the Bucko Deposit where the Company is conducting a feasibility study, and (2) an earn-in option on ten highly prospective properties with Falconbridge Limited, including four within 30 kilometres of the Bucko Deposit (Bowden Lake, Resting Lake, Halfway Lake and Gonlin Lake), and six located 100 kilometers to the north on the TNB Thompson North Project (Burntwood River, Birchtree South, Birchtree North, Airport, Moak Lake and Strong Lake).
In the Sudbury Basin, these properties include: (1) the 100% owned AER Kidd Project adjacent to Inco's Totten Deposit (10.1 million tonnes @ 1.5% Ni, 2% Cu, 4.8 g/t PGE's), (2) the Airport Property (a 50/50 joint venture with Millstream Mines Ltd.) located 4 km on-strike with Falconbridge's Nickel Rim South Deposit (13.2 million tonnes @ 3.5% Cu, 1.7% Ni, 0.8 g/t Au, 4.1 g/t PGE's), (3) the optioned (100% earn-in) Mystery Offset Dyke Property and (4) the 100% owned Peter's Roost Property.
Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
President and CEO
You can view the Next News Release item: Fri Feb 25, 2005, Crowflight Appoints Major General-ret'd-Lewis Mackenzie A Director Of The Company
You can view the Previous News Release item: Wed Feb 23, 2005, Crowflight Appoints Howard Stockford As Special Advisor, Exploration And Mining
You can return to the main News Release page, or press the Back button on your browser.