|September 20, 2005|
Crowflight Intersects 2% Nickel Over 183 Feet in Bucko Deposit Drilling
News Release No. 25/ 05
CROWFLIGHT MINERALS INC. (TSX Venture Exchange: CML) is pleased to announce results from the first three surface diamond drill holes from its summer drill program on the Bucko Deposit, Thompson Nickel Belt ("TNB"), Manitoba (refer to Figure 1, Location Map, Thompson Nickel Belt Properties). Of the first three holes drilled, two hit high grade nickel values of from 2.01 percent to over 5.11 percent nickel over drill lengths of 56 metres and 11.7 metres, respectively including:
Core Core Drill Hole Number Length Length Nickel Copper PGE's(1) ----------------- ------ ------ ------ ------ -------- (metres) (feet) (%) (%) (gpt) BK05 - 09 56.0 183.8 2.01 0.13 0.55 (including) 14.0 45.9 4.44 0.16 0.98 BK05 - 11 16.7 54.9 3.82 0.29 1.22 (including) 11.7 38.5 5.11 0.40 1.62 (1) Combined platinum and palladium values
The program, which commenced in mid July is designed to drill 10 to 12 holes from surface to test areas with the potential to host higher grade nickel mineralization over greater thicknesses below 305 metres (depth of existing historical exploration workings) to about 450 metres depth. The enhanced grade - thickness target areas are the product of contouring the more widely spaced historical holes. These holes indicate at least two potential corridors of higher grade-thickness nickel mineralization contiguous and at slightly greater depth to the current Indicated Resources in the deposit (refer to Figure 2 - Summer 2005 Surface Drill Program - Surface Plan and Longitudinal Section). Initial results from the program are consistent with the results expected from these corridors. Should Crowflight be successful in further defining the additional and enhanced grade-thickness mineralization from this drilling this material will be brought into the mine plan in the feasibility study currently nearing completion.
As a result of the early success of this drilling and the potential impact of this additional high grade tonnage on the economics of the deposit, a second drill rig has been mobilized to site to assist in advancing the drilling. Crowflight believes there is the potential to add as much as 300,000 tonnes of Indicated Resources through this work. Assuming a 2% nickel grade (versus the higher grades intersected), this would translate into a per pound discovery cost of about US$0.07 per pound of nickel. Year to date nickel has averaged about US$7.00 per pound on the London Metal Exchange.
Jean Lafleur, Vice President Exploration of Crowflight stated: "In planning this program we wanted to test two corridors of higher grade nickel mineralization over tens of metres of thickness that likely continued beyond the shallow depths of the previous exploration work. We were successful in gaining additional evidence of the continuity and direction of these corridors and enhancing our confidence in the ability to continue to expand the deposit laterally and at depth. There remain a number of target areas contiguous with the current Indicated Resources and, in some cases, in areas with similar grade-thickness potential in which we are just now finalizing details on additional drilling. We hope to extend the current program to test these areas prior to the end of the year."
Thomas Atkins, President and CEO of Crowflight added: "We're very pleased with these results. The more time we spend interpreting the Bucko Deposit the more confidence we gain that the Deposit, and indeed this portion of the Thompson Nickel Belt have the potential to deliver significant high grade nickel resources. Mineralization of the grades and thicknesses intersected in these holes, which are contiguous with the already established Indicated Resources, have the potential to significantly enhance the economics of the deposit. Meanwhile Crowflight is working closely with Falconbridge to identify additional drill targets for the regional program expected to commence early in the new year, a number of which are in close proximity to the Bucko Deposit."
Table 1 Table of Significant Assay Results Bucko Deposit, Thompson Nickel Belt Summer 2005 Drilling --------------------------------------------------------------------- Core Core Drill Hole From To Length Length Nickel Copper PGE's(1) ---------- ------ ------ ------ ------ ------ ------ -------- (metres)(metres)(metres) (feet) (%) (%) (gpt) BK05 - 09 321.2 377.2 56.0 183.8 2.01 0.13 0.55 (including) 357.3 371.3 14.0 45.9 4.44 0.16 0.98 (including) 341.1 349.0 7.9 45.9 1.72 0.17 0.42 BK05 - 10 532.9 537.9 5.0 16.4 1.62 0.06 0.28 568.0 576.0 8.0 26.2 1.24 0.05 0.26 (including) 568.0 572.0 4.0 13.1 1.53 0.06 0.36 BK05 - 11 346.0 366.7 20.7 67.8 3.28 0.25 1.05 (including) 350.0 366.7 16.7 54.8 3.82 0.29 1.22 (including) 355.0 366.7 11.7 38.5 5.11 0.40 1.62 --------------------------------------------------------------------- (1) Combined platinum and palladium values
Complete results for significant intervals of mineralization are provided in the table above. Crowflight is planning to drill up to 12 holes in the current program for a total of approximately 5,500 metres (refer to Figure 2). This phase of drilling is expected to be completed in early October with all assays received later in the month. Crowflight will report results as they become available.
Qualified Person/Quality Control Notes
This press release has been reviewed by Mr. Peter Karelse, P. Geo., Manager Project Development and Mr. Jean Lafleur, P. Geo., Crowflight's VP Exploration, Qualified Persons under the NI 43-101 guidelines. Drill core logging, sampling and assaying of NQ-size diamond drill core occurred at intervals of 0.3 to 1.5 metres in length. Core was then sawed in half, bagged and tagged at the Falconbridge core logging facility in Wabowden, Manitoba. Sample intervals are then submitted to ALS-Chemex laboratory in Vancouver for fire-assay performed on gold and Platinum Group Elements (PGE's) which undergo an ICP-AES Finish and Sodium Peroxide Fusion. All other metals undergo an ICP-AES finish. Standards and blanks are submitted with each sample batch. Crowflight uses the sample preparation, assay protocol, and database verification and validation (QA/QC program) developed by Falconbridge's Senior Geologist Robert Banville for the Winter 2005 drill program.
Terms of Crowflight's Agreements with Falconbridge
Under its agreements with Falconbridge Limited (Falconbridge), Crowflight has an option to earn:
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 ("PGM") projects in the Thompson Nickel Belt ("TNB") and Sudbury Basin. The company currently owns and/or has under option approximately 600 square kilometres of exploration and development properties in Manitoba and Ontario.
In Manitoba, these properties include: (1) the Bucko Nickel Deposit; (2) an earn-in option with Falconbridge Limited on five highly prospective properties (Bucko/Bowden, Resting Lake, Rock Island Lake, Halfway Lake and Gonlin Lake) on the TNB South Project located within 30 kilometres of the Bucko Deposit; and (3) six additional properties (Burntwood River, Birchtree South, Birchtree North, Airport, Moak Lake and Strong Lake) located 100 kilometres to the north on the TNB North Project.
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% Nickel, 2% Cu, 4.8 g/t PGM's); (2) the Airport Property (a 50/50 joint venture with Millstream Mines Ltd.) located 4 km south, and on-strike, with Falconbridge's Nickel Rim South Deposit (13.2 million tonnes @ 3.5% Cu, 1.7% nickel, 0.8 g/t Au, 4.1 g/t PGM's); and (3) the 100% owned Peter's Roost Property.
Further information is available on the Company's web site at www.crowflight.com.
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".
For further information please contact:
President and CEO
Tel: (416) 861 - 5900
Fax: (416) 861 - 8165
Vice President Exploration
Tel: (514) 794 - 3633
Fax: (416) 861 - 8165
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